I am considering taking over this guy's 2005 M3 6 speed lease. He has 9 months remaining at $999/month. He is offering me $1200 to take over the lease and also willing to pay half the transportation costs. Effectively the payments would be 849/month. I would have to pay the lease transfer fees.


The carfax report came back fine, and of course im going to have the car inspected before making a move, but assuming everything turns out fine, would you jump on this? I have the cash already set aside for these 9 months this so there is no reason why I wouldn't be able to make these payments

This is a closed end lease. and I can average about 1200 miles per month.

 

Have you considered an 02-03 M3? There are so many for sale! You can get one in the 29-35k range.

 

Yeah I entertained that idea, but I am just looking for something short term for the time being. I like the feeling of being in something I want and at the same time not having to feel i'm locked in it for a long period of time since I would be able to pay it off anytime I get ready.

 

only because its an M3 I would do but you still have to keep in mind the maintenance cost for an possible electrical issues.

 

too expensive.

 

I forgot to add the options

Sport, premium & cold weather packages with Navi and bluetooth.

 

Mind showing me where you have read that the M3 has electrical issues?

Plus BMW has free maintenance and im assuming his lease will end before that expires.

 

Oh yeah I forgot about that!

 

$10200 is an awful lot to spend on a car that you would not even be keeping for a year, and would get absolutely nothing out of. I reckon the monthly payment is a tad too much. If you already have the 10g like you stated, I'd wait for a few more months to amass more $$$ and then put the 10g down on a used 02/03 M3 that can be had for low 30's. Its an M3 and will undoubtedly hold its value very very well.