03-23-2021, 12:51 PM | #1 |
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Buy out M550i lease or get M850i?
So I have a 2018 M550i that will come off lease in August.
But it's not just any M550i - it has almost every option including the following (as listed on the 2018 spec sheet): Ivory White Nappa Leather Cold Weather pkg Driving Assistance pkg Driving Assistance Plus pkg Dynamic Handling pkg Executive pkg Luxury Seating pkg Parking Assistance pkg Rear Sunshades Apple CarPlay Bowers & Wilkens sound system Nightvision Dynamic Digital Cluster Carbon Fiber Mirror Caps Carbon Fiber Rear Spoiler M Performance Side Decals Mediterranean Blue with Ivory White interior. It only has 25K miles, and literally still smells new - always garaged. With the night vision, soft close doors, etc. it has options you can't find on an M550 today. It has been 100% problem free - car is immaculate. Buyout is $52,000. Here is my dilemma - do I buy it out (probably will pay for the CPO warranty on top of buyout) or....do I get a 2021 M850 either Coupe or Convertible? It's not just ownership vs continuous lease payments - this car is kind of a rarity as configured... I've always leased my cars but this M550 really has everything I could want and more; I've owned it since new. I really like the 850 series, but I know this is like comparing apples to oranges (4 door vs 2 door, etc.) Last edited by BMWGUYinCO; 03-23-2021 at 12:57 PM.. |
03-23-2021, 12:57 PM | #2 |
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I would talk to your dealer and explain your dilemma and see if you can arrange an extended test drive (3-4 days or a week maybe) of the 850. That way you can get a better feel for the 850 and it may help you decide which way to go.
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03-23-2021, 01:00 PM | #3 | |
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Although I didn't have it for more than about 40 minutes, I did like what it was all about. I think I'm most torn because my M550 is so uniquely configured - I've certainly not come across many other M550s optioned out like this one. If it was more of an average spec car then I'd already have placed my custom order. Dang - decisions, decisions. |
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03-23-2021, 01:09 PM | #4 |
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pics?
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03-23-2021, 01:14 PM | #5 | |
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03-23-2021, 01:25 PM | #6 | |
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03-23-2021, 01:39 PM | #7 | |
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I guess it comes down to how important those options are to you. I don't have any experience with night vision so I wouldn't miss that one. Same with soft close doors although I can see the appeal of them. Dynamic handling is a tough one. One question to ask yourself about dynamic handling, how often are you going to be in a situation that it will make a significant difference to your driving experience? Are you going to be carving up the mountain roads on the edge of grip or do you want that little bit of reassurance in case of an emergency on the freeway?
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03-23-2021, 01:41 PM | #8 |
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Shamefully, I don't have many. Time to take some I suppose, but here is a picture of the car just after I got it:
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03-23-2021, 01:46 PM | #9 |
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Love the colour!
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03-23-2021, 01:48 PM | #10 |
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Hands down buy. Leasing the rest of your life is dumping a serious amount of money on cars.
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03-23-2021, 01:53 PM | #11 |
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There is the potential for tax benefits with a lease though, more so than buying.
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03-23-2021, 01:54 PM | #12 | |
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Couple of true stories regarding night vision: 1. While I live in Colorado, I bought this car in Pittsburgh because of the insane deal I was given...I drove it back and one night while driving through Ohio the night vision lit up a car and person in the median (which was unusual) up ahead in the distance on the Interstate. There was tons of construction going on so I instinctively slowed down....turns out it was a state trooper and he was doing a speed trap. I know that saved me a ticket in a construction zone! 2. Referencing above living in Colorado, my wife and I were driving home along hwy 93 (beautiful drive along the base of the Rocky Mountain range) at night after dinner when the night vision lit up a pack of deers jumping out and crossing the road just in front of us. I slammed on the brakes but otherwise I'm certain I would have hit one of them. Because there is a lot of open space where I live, night vision comes in handy. It's probably more of a James Bond kind of feature but man when it shows you everything from coyotes to deer to people riding bikes in the dark, it's really cool. Also - it can "see" heated objects miles away that you otherwise cannot see, like mountains, clouds, telephone poles, - anything that retains heat from the day. As far as the dynamic handling package - I do take spirited drives in the mountains and really enjoy the twisty curves and the D.H. pkg makes a big difference...so I do enjoy that. The soft close doors are an unneeded luxury, but I like them too. I'm not making this any easier on myself, am I? Maybe you're right LemansE90335xi, I'm beyond help! My dealer gave me an awesome deal on the '21 X3 M40i I just bought my wife and he's seeing what he can do on an M850 deal for me now....maybe it will all come down to that. |
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03-23-2021, 01:59 PM | #13 |
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03-23-2021, 02:59 PM | #14 |
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BMWGUYinCO, honestly by reading your description of your M550i and what you think of it, I think you should buy it outright and forget about leasing another car. I'm sure there are no other ones like it, at least where you live. Unless it's really missing something you strongly desire, I say keep it.
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03-23-2021, 03:02 PM | #15 | |
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The soft close doors are a fairly easy do-without. The DH sounds like something you're more stuck on though. I guess you'll just have to come to terms with the dealer and see exactly how much it's worth to you in the long run. I don't envy you in your decision but it could make an interesting post in the first world problem thread.
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03-23-2021, 03:03 PM | #16 | |
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03-23-2021, 03:05 PM | #17 |
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03-23-2021, 03:12 PM | #18 |
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If taxes are better on a lease, ask to extend the lease another 2 years with a new residual
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03-23-2021, 03:12 PM | #19 |
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There's that too.
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03-23-2021, 04:02 PM | #20 |
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Get the 8, all car people have the itch to own other cars, scratch that itch.
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03-23-2021, 06:31 PM | #21 | |
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Thanks to everyone for adding their perspectives - I guess I will see what kind of offer my dealer puts together. Interestingly, the first thing they put on the table was a 5 month pull ahead on my current lease and a lot of money towards a new lease. |
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03-23-2021, 06:33 PM | #22 |
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Let us know how it turns out. Good Luck.
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