BMW Lease End. How do you turn in the car?
Do you have a BMW lease ending soon?
Dont stress too much about the turn in process, its pretty straight forward.
A month or so before the lease is up, schedule an appointment at your local dealership to have the car looked over.
They will give you an idea of the things that you should fix before turning in the car.
You dont have to fix anything, but if they ding you on repairs I was told that it would cost a LOT more than if you just fixed the items yourself.
Example: in my pre turn in evaluation there was a tiny crack in the windshield. He suggested getting it filled or replace the windshield prior to turning it in, otherwise I would be charged full price for a new BMW windshield plus BMW labor to replace it ($600-800). I got it filled for $85 and you cant even tell it was there!
Then the day comes to drop it off.
Make an appointment with whoever it is that will be doing the inspection, and take the car.
Clean everything out of the car, remove all your personal items.
Arrive and check in with whoever..
They will do an inspection, then fill out some paperwork.
After the do the paperwork, you sign a couple forms, including a DMV form that is a statement of mileage or something, and I believe that same form releases you from liability to the car.
And thats it.
You will receive a bill from BMW (they said 4-6 weeks after you turn it in) with any amounts due.
You will pay for excess mileage - over and above whatever was included in your lease.
Note: you can prebuy miles up until about a week before you turn in the car. If you go over, you will be charged 25 cents per mile, but if you buy before the lease is officially up, it will cost 20 cents per mile. I think within the last month or so prior, the cost is 23 cents. I could be wrong on these dates/amounts.
You will pay for any excess wear & tear items that you did not deal with prior to turning the car in,
and You will pay for any repairs that you failed to complete before turning the car in.

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