03-02-2020, 07:12 PM | #1 |
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Buying out a lease
Anyone ever done it ? Wife’s car is a 2017 530ix luxline loaded.
How negotiable are they on the buy out of these leased vehicles ? She loves it and the mileage is insanely low. |
03-02-2020, 09:27 PM | #2 |
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I strongly suggest a search of the two G30 forums - there are several recent discussions. You'll be surprised how much of a discount you may get off the buyout price....
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03-03-2020, 05:13 AM | #3 | ||
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Better off ordering a new bmw and buying from start. |
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03-03-2020, 06:02 AM | #4 |
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My recent experience is much different. I ended up paying 3-series money for my brand new 5-er with the initial discount, 4% APR equivalent lease rate, and huge discount of the buy-back price. I would rather have bought it outright but didn't have the cash flow. With inflation and savings off of diesel instead of premium, like a bandit. Very satisfied.
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03-04-2020, 07:33 AM | #5 | |
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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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03-07-2020, 02:46 PM | #6 |
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Not going to get into a buy vs. lease debate but if you like your car and have no problems with it, buy it out - don't think about the interest you paid vs. buying it out from the start.
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03-07-2020, 04:01 PM | #8 |
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I don't agree. If the buyout is well above street value, and there are CPOs available with the same or similar packages, why pay the inflated price when you can get someone else's nice car.
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03-07-2020, 04:17 PM | #9 |
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I agree with you, but I understand for some they value “knowing the treatment and etc history” of the car.
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03-07-2020, 05:27 PM | #10 | |
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If the differential is small, go for what you know; if it is large, I would go for a CPO. But keep in mind that I have ordered and bought a new car; so what do I know about buying used? |
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03-07-2020, 10:43 PM | #11 | |
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Your thought is logical but in this situation, the fact that OP leased the vehicle that they want to buyout has some value. |
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03-07-2020, 11:48 PM | #12 |
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No negotiation on residual. Find out what your pay off is and see if that's how much the car is going in the used market. You might also be able to see if the dealer will buy it from the bank and resell it to you.
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03-09-2020, 06:02 AM | #13 | |
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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. |
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03-09-2020, 07:09 AM | #14 | ||
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03-09-2020, 07:10 AM | #15 | ||
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2017 BMW 530i, Sport Line,Alpine White, Canberra Beige Sensatec, 19 inch V-Spoke wheels, basic plain Jane build with no options whatsoever..... "Less is more".
Before: 2011 BMW 328i E90 sedan, Platinum Bronze Metallic, Dakota Brown leather, 17 inch wheels, 6-speed auto, N52 6 Cyl inline N/A goodness.... |
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03-10-2020, 07:27 AM | #16 | |
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03-10-2020, 07:35 AM | #17 | |
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This is a recent change of about 2 years ago so some people aren’t aware of this.
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03-10-2020, 07:03 PM | #18 | |
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This is wrong. There isn't any 'wiggle room'. The process changed to what I noted above. |
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03-10-2020, 08:05 PM | #19 |
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I've read anywhere from $6700 to $9000 off the "residual" for buyout purposes, some where the dealer can offer even more perks than BMWFS. Perhaps year and model dependent, but hardly "wiggle room"
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03-15-2020, 12:43 AM | #21 |
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I heard they changed this. Obviously most of the leases are worth much less than the residual amount at the end of the lease. I heard BMW used to negotiate based on the fair market value of the car regardless if the residual was higher.
I heard now they only negotiate off the residual even if the fair market value is much lower. In other words, in most cases it doesn't pay to buy the car out because you will be paying more than it's worth.
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03-15-2020, 07:05 AM | #22 | |
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The choice is to buy for cash, take a loan out, or lease. If the actual interest built into the lease is the same as buying the car with a loan, there is little to lose leasing it since the residual as a calculation conforms to the initial price of the car. If the buyback at the end is lowered by BMWFS, then all the better. |
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