n2cars

Sorry for the off topic BMW lease question. I can't find the answer anywhere. My aunt lives in California and is 85 years old. Her 3 year lease on a BMW is up in 2 months. She traded the BMW into a Volvo dealer. They paid off the remaining months of the lease and took the car. I always thought a leased car had to be returned to the same manufacture ( not the same dealer ). Can Volvo end a lease from another manufacturer? Doesn't BMW want to inspect the car for any damage before ending the lease?

rk-d

Volvo just paid off the lease and took ownership of the car.

Leases are based on residual value and if she got the lease prior to the market crunch, it was likely too low. If she put a lot less miles than allowed under the lease terms, this also helps. She has positive equity, so to speak, and the residual is less than market value.

I’ve leased some cars in the past and did it this way. Selling the car and getting a check was a better move than just turning in the car to the original dealer and walking away with nothing.

n2cars

Thank you for the answer. Everything you mentioned is what happened to her. Residual was low. She put 17K miles on the car but paid for 45K

wkf94025

So is she going to spend that bank on a wing or a Touring? Or maybe an RS???

shapiroeric

Unfortunately she got taken advantage of.....

rob944s2

"We can get you out of your lease early!"

...because you have $10k in equity that we're going to pocket after paying the remaining 2 months.