Casey R. from Vancouver wanted to get out of his 2010 BMW 3-Series lease and into a new 2012 Infiniti G37 coupe. Casey thought the G37 had some great sporty “lines”, a wonderful power plant with the 3.7 Litre, 226 HP engine and the smoothest 7 speed automatic transmission in the world. Casey visited a couple of Infiniti dealerships and as soon as the subject of his existing 3-Series lease would arise, the complexion of the conversation with the sales representative immediately changed from spirited to gloomy. Both sales representatives indicated that Casey would owe more on the BMW than what it was worth within the market (to the tune of $7,500.00++) and he would be responsible for whatever the difference is (or to pay out the remaining payments; which were 27 more at $575.00 per month).
At the 3rd Infiniti dealership that Casey visited, the conversations had a similar tone but this sales representative wanted to make a car deal with Casey (if not today, at some point). The sales rep called the LeaseBusters.com dealer development team and explained to one of their agents the predicament that Casey was in. The LeaseBusters agent turned the challenge into a golden opportunity for everyone. The Infiniti sales representative gave the LeaseBusters dealer agent Casey’s contact information (with Casey’s permission) and within a couple of hours, the LeaseBusters agent and Casey were having a telephone conversation discussing the market position of his 2010 BMW lease and what it would take to get out of the lease.
After the evaluation process was completed, Casey discovered that his BMW deal was a very good deal that would be a desirable take-over opportunity for one of LeaseBusters lease-take-over Buyers. Casey hired LeaseBusters and the remarketing process began.
The LeaseBusters agent then called back the sales representative at the Infiniti dealership, got his email address and sent him a copy of the online lease-take-over listing that was now posted and active on LeaseBusters.com. The LeaseBusters agent then got the sales representative’s address in order to send him a $75.00 referral fee and explained that once Casey gets out of his lease that LeaseBusters would contact him in order for the Infiniti dealership to make an unencumbered deal with Casey now that the 3-Series lease was transferred to another customer.
In the end, the Infiniti sales representative experienced a Win-Win; he received a $75.00 referral fee and a new car lease sale on a 2012 Infiniti G37 with a customer that he thought was too “upside-down” in a BMW lease. The customer, Casey experienced a Win-Win; he got out of his lease with little cost and got into a great deal on a G37 without paying the $7,500.00++ in lease deficiency costs. LeaseBusters experienced a Win – Win – Win by earning a new customer (Casey), transferring Casey’s lease to a new Buyer and helping the Infiniti sales representative earn a referral fee from LeaseBusters and a commission on the sale of the G37.
The one telephone call made by the Infiniti sales representative caused several wins and some very happy customers.
LeaseBusters Tip of the Week
If you would like to replace your leased vehicle with another new vehicle and are running into some costly roadblocks, ask your dealership to call LeaseBusters before you leave. LeaseBusters could help you out of your lease and will work with your dealership to ensure a seamless transaction on the replacement vehicle once a new buyer has taken over your lease. Never accept that your current lease will prevent you from changing your vehicle until you have explored all your options.