FS: 2012 BMW X5M (Lease assumption) Updated 01/01/14

[Maxx2]

BIMMERPOST / Classifieds

Asking Price:

Sold

Item Interest

Up for lease assumption is my 2012 BMW X5M. Car is fully loaded and built to the specs below.

Full details:

2012 BMW X5M

Optional Equipment:

•475 Black Sapphire Metallic
•X2SW Black Perforated Full Merino Leather
•ZAV Active ventilated seat package
451 Active seat for driver
453 Front ventilated seats
456 Multi-contour seats
•ZCW Cold Weather Package
248 Heated Steering Wheel
464 Ski bag
496 Heated rear seats
575 Additional 12-V power sockets
•ZDA Driver Assistance Package
3AH Rear View Camera with Top View
5AC Automatic high beams
610 Head-up Display
•ZPS Premium Sound Package
655 Satellite radio
752 Enhanced Premium Sound
•ZRC Rear Climate Package
417 Rear manual side window shades
4NB 4-zone automatic climate control
•322 Comfort Access keyless entry
•323 Soft-close automatic doors
•3MC High-gloss Roof Rails
•4M5 Nappa Leather Dashboard and Center Console
•4MY Carbon Leather interior trim
•5DK Side-view camera
•6NF Smartphone Integration
•6NR BMW Apps
•6VC Combox controller

Standard Equipment:
•Power tailgate
•Universal garage-door opener
•Panoramic moonroof
•Lumbar support
•Storage package
•Interior mirror with compass
•Navigation system
•Voice-command
•BMW Assist with Bluetooth
•iPod and USB adaptor
•Real Time Traffic Information
•Privacy glass

Standard Features:
•4.4-liter, 32-valve twin turbocharged V8 engine (555hp & 501lb-ft)
•6 Speed M Sport automatic transmission with Adaptive Transmission Control (ATC) and steering wheel mounted paddle shifters
•M tuned xDrive all-wheel-drive system
•Xenon Adaptive Headlights with auto leveling and Corona headlight rings
•Rain sensing windshield wipers
•Power adjustable driver’s and front passenger’s M Sport seats including 4 way adjustable power lumbar support
•Extended Merino Leather upholstery
•Panoramic moonroof
•Park Distance Control (front and rear)
•Service Interval Indicator and Check Control vehicle monitor
•Tire Pressure Monitor
•iDrive system with on-board computer and Controller
•Navigation system with Voice Command and Real Time Traffic Information
•AM/FM stereo CD/MP3 player audio system with HD Radio
•Driver’s and passenger’s front airbag supplemental restraint system (SRS) with advanced technology
•Front and rear compartment Head Protection System (HPS) with front side impact airbags
•Adaptive Brake Lights
•BMW Assist with Bluetooth wireless technology

MSRP $100,395.00




Contract info:
Term: 36 months
Started: 08/25/2012
Ends: 08/24/2015
Miles per year: 10,000
Additional miles: $0.16 (can be purchased until last 4months of lease)
Excess charge per mile: $0.20 (at lease termination)
Residual: $56,221.20
Current Lease Payoff: $76,532.80 (good till 01/21/2014)
Monthly payment: $1,188.58 (per original contract)
Effective Monthly payment: $1,083.32 (after incentives)
Current Mileage: 15,500
Months remaining: 19 months
Miles remaining: 14,500


The car is in excellent condition. Meticulously cared for and hand washed by me with top quality products. Always garaged when not in use. The car has been regularly serviced and has not required any repairs.
I am looking to get out of this lease because I am itching for something new. If you have never driven the X5M you owe it to yourself to drive one and be blown away. This car is as fast as anything you will encounter on a daily basis with extremely precise handling. Plenty of cargo space makes this car extremely versatile as well. Add a tow hitch and you have the best all around SAV!
Locals are welcome to look at the car in person to appreciate the condition. I am looking to move this quickly and thus not looking to recoup the down payment I put on the car. I will also cover the BMW lease transfer fees which is typically the buyer’s responsibility. I had another BMW lease assumed a year ago and it was the easiest process ever. I called BMW on a Monday at 9am and the new owner picked up the car on Thursday at 5pm. Below is a quick break down of the process:

BMW Lease Assumption process is as follows:
1. Once you have an interested buyer, you should call BMWNA and give them his contact info (email primarily).
2. BMWNA will send the credit application to the buyer, and someone needs to pickup the transfer fee which is $500. It's between you and the buyer, but it will show up on your next statement until it's paid off.
3. If the buyer is not approved, $400 will be refunded
4. If the buyer is approved, BMW will send the docs to both parties and those need to be signed and sent back
5. Once all docs are confirmed, BMW sends a confirmation email to both parties that the car can be transfered. At that point, the buyer assumes all responisbility for the car and payments.


Please contact me with any questions. Vehicle is located in NY.

Thanks!

[Maxx2]

Posted on Swapalease...

http://www.swapalease.com/lease/details/?salid=819223


Feel free to contact me with any questions!!

[Roundown]

With that mileage - would you offer an incentive?

Good looking X5M. GLWS.

[Die Wolfe]

Sounds like an awesome deal! Would be a good replacement for my totaled 2013 X5M...

[Maxx2]

riM3

With that mileage - would you offer an incentive?

Good looking X5M. GLWS.

*** 1/1/14 Update: I have decided to offer an additional cash incentive instead of purchasing miles which may or may not be needed by a potential buyer. Original mileage allowance per contract. ***

Originally Posted by Die Wolfe

Sounds like an awesome deal! Would be a good replacement for my totaled 2013 X5M...

I agree!!

If you take it I will throw in the grilles you sold me from your recently totaled X5M. That would help you cope with the recent loss...

Feel free to contact me to discuss.

[Singh97]

Awesome looking X5. Good luck man.

[Die Wolfe]

Originally Posted by Maxx2

As an additional incentive, I just purchased an additional 2,835 miles for the remainder of the lease which should make it easier for people who need more miles.

I agree!!

If you take it I will throw in the grilles you sold me from your recently totaled X5M. That would help you cope with the recent loss...

Feel free to contact me to discuss.

Lol! We've come full circle! You never used them???

[SouthShoreM3]

Damn OP. if this had been August I would of bought this from you. Literally same exact specs and options except for the rear DVD.

I feel like I got hosed on my deal. 2011 X5m with 29k every possible option at that time, even the beautiful leather dash. But exterior was in tough shape, they did not certify if and sold it to me for 60k and offered me 48k for my Audi TTRS, which was every option, rare color and about 15k not including labor in aftermarket parts.

Oh well. Good luck OP. I may have a buddy interested. Not on forums though.

[Maxx2]

Originally Posted by Die Wolfe

Lol! We've come full circle! You never used them???

Yes we have. I compared them to the black performance grill I have on now and decided to stick with that for now.

Originally Posted by SouthShoreM3

Damn OP. if this had been August I would of bought this from you. Literally same exact specs and options except for the rear DVD.

I feel like I got hosed on my deal. 2011 X5m with 29k every possible option at that time, even the beautiful leather dash. But exterior was in tough shape, they did not certify if and sold it to me for 60k and offered me 48k for my Audi TTRS, which was every option, rare color and about 15k not including labor in aftermarket parts.

Oh well. Good luck OP. I may have a buddy interested. Not on forums though.

As with most dealers they are typically on the high side of used car pricing when compared to a private party. The one advantage they have over a private party sale is the CPO warranty which apparently they did not give you. In the end it all comes down to whether you are happy with the car and if you feel the price you paid is fair. There will always be better deals out there, but it's all relative. If I feel like a salesman is playing games with me then I'll beat him down to a pulp and get every last penny out of the deal, but if he makes things very easy for me and cuts right to the chase then I'll back off significantly on the negotiations and let him increase his profit. As long as I am happy with the deal that's all that matters to me.

If you know anyone that may be interested please have them contact me.

[boneca]

Beautiful car! Good luck selling!

[Maxx2]

Updated incentive and now only 20 months remaining...

Been car shopping the past few days and ready to move this amazing car to a new home.

[Maxx2]

Still available...

Let's get this moving!!!

[Maxx2]

Weekly bump!

Will also include the following:
A) (3) sets of grilles (2012, 2013 LCI, OEM Performance {Black})
B) (2) sets of mats (OEM all weather {Never used}), OEM "M" carpeted)
C) LUX H8 V3 angel eyes

Total value of over $840!!!

[mvigod]

Hi. I see about 15k miles on the car right now. Are the tires original or have you replaced any of them since you have had the vehicle? I haven't Carfax'd it but if I do should I expect to see anything on it? Thanks

[Maxx2]

PM's replied...

[Maxx2]

Updated incentive ($2,000) and now only 19 months remaining...

Still including the following:
A) (3) sets of grilles (2012, 2013 LCI, OEM Performance {Black})
B) (2) sets of mats (OEM all weather {Never used}), OEM "M" carpeted)
C) LUX H8 V3 angel eyes

Total value of over $840!!!

[dsu*]

wish you were closer and the car is white. I would be contacting you right away.

[mvigod]

Originally Posted by Maxx2

Updated incentive ($2,000) and now only 19 months remaining...

Still including the following:
A) (3) sets of grilles (2012, 2013 LCI, OEM Performance {Black})
B) (2) sets of mats (OEM all weather {Never used}), OEM "M" carpeted)
C) LUX H8 V3 angel eyes

Total value of over $840!!!

So with incentive what is the monthly payment? Are you giving $2000 to the person who assumes the lease? Have not done one of these before.

[Die Wolfe]

Bump

[Maxx2]

Originally Posted by mvigod

So with incentive what is the monthly payment? Are you giving $2000 to the person who assumes the lease? Have not done one of these before.

Effective Monthly payment: $1,083.32 (after incentives)

$2,000 to the buyer.

Very simple transaction. Takes less than 1 week if buyer/seller overnight documents to BMWFS.

Originally Posted by Die Wolfe

Bump

Thanks! Congrats on your new ride!!

[Maxx2]

Vehicle no longer available...
Assumption completed successfully!