Quote:
Originally Posted by ksoze
Did I read this as you sold a one year into a lease vehicle back for a profit?
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Technically will be 2yrs(it's a 3yr/36k mi lease) I've had the 550i this January. But yes,you did read that correctly,I made $3200 profit selling the leased car back to BMW. Quite a few have done it. I shopped the car to other dealers,including non-BMW dealers and the next highest offer was a local Honda dealer. Carvana,Carmax,Vroom,etc all offered me more than my payoff.
There new car inventory is pretty much non-existent as I'm sure you know,the new car dealerships(in my area at least) are making a pretty healthy profit selling pre-owned cars. We also had a '19 Ford SUV(not leased) that we shopped around for shits and giggles and ended up selling that to BMW as well for a very nice profit and ordered a '22 430i convertible for wifey as well. Times are great!!
__________________
-'24 X5MC,'22 430i
-'09 Busa,'05 GSXR-1K(GT28R turbo)'00 Busa(GT3582)
Gone but not forgotten:
-'22 X3MC,'20 M550i,'18 X2,F30 328xi,'07 E63 AMG (1st W211 63 in the 11s),997 C4S Cab,CLS55 AMG,E55 AMG,C55AMG