BMW Lease Recall Preventing Assumption
I am currently leasing a BMW X1 and need to get out of my lease as I unexpectedly need to move across the country and cannot take my car with me. I have someone willing to take over my lease and called BMW to start the Assumption process. They let me know that there is currently a recall on my car so I am unable to proceed with a lease transfer. They currently do not have a fix for the recall and do not have an ETA on a fix for the recall so I am unable to transfer my lease. Has anyone experienced this or know how to proceed? I cannot keep my car and BMW is preventing me from transferring my lease due to not being able to fix their recall.
0
Comments
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Unfortunately there is nothing you can do. BMW will not allow the sale or transfer of a vehicle under recall until the recall fix has been completed.
Your only option is to ground the lease early and pay whatever they assess you. Typically remainder of payments plus disposition OR the delta between the residual + remaining payments and what they sell it at auction for - which ever amount is less.
This is a BMWFS/BMWNA policy - my lease ended and I was not going to fight about it.