My brother was able to do this with Lincoln dealership however not sure if BMW does this.Will the BMW dealership pay off my SUV loan to get me into a 535i series lease?What they will do is roll the payoff amount into the lease.
For example if your car is worth $14,000 wholesale and you owe $20,000 they will add an extra $6000 onto the lease.
With the recent drop in value of large SUVs you may be too far upside down to do this. The lease payments may come out to high or BMW FS may refuse to approve the lease.
There is a big manufacturer to dealer incentive on the 535i right now, so the dealer will have a couple of thousand extra they could put towards paying off your SUV.
Often this is a terrible deal. The dealer will only give you wholesale for your car. If you sold it privately you would get thousands more. Also they can hide the details of the transaction in the lease. If you only see payments, you don't know how much they are selling you the new car for and what you are getting for the old one.
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