Quote:
Originally Posted by SBM1206
BMWFS lease buyout is typically the residual value plus any monthly payments left.
The real world value of a leased BMW at the end of lease is always much lower than the residual.
I returned my 2016 535 xDrive last month and currently it is on sale as CPO for $29K. The residual was $36.6, if I am not mistaken.
It used to be possible to work with a BMW dealer to have them buy your lease return out from BMWFS, certify it and sell it back to you for less than the residual amount but currently BMWFS does not allow such schema.
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I have the same scenario. My buyout amount is around R650k next year Aug, but according to BMW, the retail value by then will be just below R500k.
I have also entertained the thought of buying my car when the lease end, but will definitely not pay over trade in value. If they can't offer it to me at that price, I will wait when it is on the floor and then see what it is going for.