Yes, it’s possible to exit a BMW lease as long as this is not an employee purchased car and you are not in the final 6 months of the lease.

Things you need to know

There is a 500 dollar transfer fee that is typically paid for the buyer but could be a point of negotiation

Takes BMW 2 weeks to finalize all the paperwork for the new buyer to take over your lease

Once the new buyer has taken over there is no liability for you and no adverse items put on your credit.

If your buyer is out of state he or she may request an inspection of your vehicle the cost of this is another item that is negotiated.

There may be transportation costs involved if your buyer is out of state but this will be covered by the buyer

Getting an inspection or transportation is covered on the site so you will have a source to go to that can take care of these items if they are needed to successfully negotiate the transfer of your BWM.

When you have a buyer you contact BMW finance and they will walk you through all the steps necessary to meet their terms.

How do you get a buyer for your car?

A great starting point is to contact swapalease.com and speak to one of their agents so that they can set you up with an advertising package to meet your needs.

If it’s within your budget to offer an incentive on your car we have found that this helps the aid in finding your next buyer.

Other tips:

Once your ad is live add the maximum amount of pictures. I recommend shooting all 4 corners of your car one of the side, front and back and some interior shots.

get the link directly to your ad and post it on your face book and twitter accounts. If it is within your means make a video about your car and put it up on youtube. They key to a quick sale is exposure.

The average time to find a buyer is 45 days then allow 2 weeks for processing.

The bad news: Auto finance delinquencies reached record highs during the third quarter of 2008, according to the American Bankers Association. At the same time, the number of consumers looking to get out of their leases increased 24.5 percent in the fourth quarter of 2008 over the same quarter in 2007.

The good news: Cincinnati-based company Swapalease.com has options for consumers who might have otherwise defaulted on making their auto lease payments. These people are able to walk away from their lease by selling the remaining time on it to someone else, protecting their credit and saving them thousands of dollars.

“After my husband lost his job, we were trying desperately to get out of our Mercedes-Benz lease. Mercedes-Benz could do nothing for us but recommended we try Swapalease.com,” says Andrea Hooper of Pennsylvania. “In just two months on Swapalease.com, I had more than 1600 hits on my car, not to mention 9 interested buyers. The Swapalease.com employees were helpful and courteous, and in two months, we swapped our lease!”

On the flip side, buyers are able to get into a new car with a shorter-term commitment and little or no upfront costs by taking over a lease midstream. This is a valuable option for people who might be hesitant to lock themselves into a long-term financial commitment in an unstable economy.

“We are helping to lower default rates for those consumers who simply cannot make their lease payments any longer or who just wish to get out of their lease early to find a more affordable alternative,” says Scot Hall, EVP of operations at Swapalease.com. “In turn, these lower default rates reduce the risk for banks and reduce repossessions, which is good for everyone.”

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US Bank (Firstar) allows lease transfers on their leased vehicles. The credit application is $100 for the buyer and the lease transfer fee is $450. The US Bank lease transfer process takes about two weeks to complete all paperwork including mailing time, this is one of the fastest companies. Swapalease.com works directly with US Bank to help you out of your vehicle lease early. Call 1-866-792-7669, Swapalease, for any question about lease transfers and for the number or address to US Bank

1. BMW 3 Series

2. BMW 5 Series

3. BMW X5 Series

4. GMC Acadia

5. Mercedes- Benz E Class

6. BMW 7 Series

7. Cadillac Escalade

8. Mercedes- Benz S Class

9. BMW 6 Series

10. Mercedes M Class

Not only is it surprising to see the strong demand for expensive luxury vehicles in a sagging economy, but also noteworthy that four of the ten are classified as SUVs.

As recently as fourth quarter 2008, SUV demand was soft as evidenced by both sluggish sales and dropping trade-in values commonly being reported. Swapalease.com speculates this resurgence in SUV demand is the result of a combination of lower fuel prices and inclement weather favoring all and four wheel drive vehicles.

With the present state of the economy, leasing remains a popular option for money savvy consumers on luxury and non-luxury vehicles alike. Consumers are also looking for simple and inexpensive way to get into and out of leases as their financial situation changes, and lease transfers between one another continue to be a convenient option. Swapalease.com provides the marketplace for lessees looking to exit cost effectively and on the other side of the equation, those looking for lease deals to benefit greatly from little or no upfront costs a shorter term commitment associated with taking a lease over midstream.

For more information about Swapalease.com, call 866-SWAPNOW (866-…) or visit www.swapalease.com.

About Swapalease.com:

Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. First conceptualized in 1997, Swapalease has evolved into a leading automotive consumer online destination servicing all aspects of the automotive leasing lifecycle including education, research, pricing, acquisition and lease transfer. For more information, please call 866-SWAPNOW (866-792-7669) or visit www.swapalease.com.

BMW Financial typically holds their customers to Teir 1 Credit which is about a 680 or higher and 2 years of automotive (Purchasing / Leasing) history. Every case is different so call BMW Financial for specific on their credit approval process. Call 1-866-792-7669, Swapalease, for any question about lease transfers and for the number to BMW Finance.

Swapalease can get you out of your current benz lease through a lease transfer. Swapalease specializes in the lease transfer market, helping you find a qualified buyer to take your benz. With Mercedes Benz Finance you can exit your lease completely free with out negatively affecting you credit.

10 reasons to lease instead of buy

#1. It does not pay to own items that depreciate.
Why be saddled owning what will be worth less tomorrow than it is today?

#2. Pay for only the portion that you use.
Pay monthly only on the % of the car that you will use (smaller payments). Pay sales tax only on the monthly payments, not the whole car.

#3. Get a lower interest rate.
The "money factor" is __________ which equates to __________% APR.

#4. Update your cars every 2 to 3 years.
Stay current with the new advances (i.e. side impact protection, anti-lock brakes, etc.)

#5. Lower your total cost of ownership.
Never drive a car out of warranty with no extended warranty costs. Newer cars are more efficient and cost effective.

#6. The is no future value risk!
No trade in hassle. You may buy the car for the price agreed upon at the time of purchase, regardless of the market value of the car at lease end.

#7. You get free Gap Insurance.
Complete coverage for the "gap" between what you owe and the actual value (in case the car is totaled). Not available at any price on a purchase.

#8. Use someone else’s money, not yours.
You have the opportunity to earn a higher rate than the money factor.

#9. Retain maximum flexibility…all the options are yours.
You can buy, sell, trade, or simply walk away at lease end (and often before).

#10. You drive more car for the same dollar.
For example: with the same amount of cash up front, a car you can lease for $399 a month might cost you $680 a month to purchase.