BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW 5-Series (G30) Forum 2017+ BMW 5 Series (G30) General Discussions 2018 M550 - Buyout or Other....

Post Reply
 
Thread Tools Search this Thread
      04-11-2021, 10:47 AM   #1
ksoze
Major
ksoze's Avatar
United_States
376
Rep
1,223
Posts

Drives: 2018 M550iX
Join Date: Nov 2010
Location: Maryland

iTrader: (0)

2018 M550 - Buyout or Other....

With the lease on my 2018 M5550 coming to an end - time for decisions. When I initially leased the fully loaded car, I intended to only keep it the 3 years.

Now after 36 great months and low mileage (16K - in part due to the last year), I am leaning towards buying it. I have some sunk costs - a full set of BMW winter wheel/tires, Dinan Stage 1 (v2), ceramic coated and coded.

I did look at a 2018 M5 - same mileage. A $28K premium over my buyout ($52K) and cannot justify the gap - power wise my car is pretty close, technically with the Dinan. The M5 however is a much more well-planted car and is not the same. A 2021 M550 would be nice, but it is not THAT different and power wise, the boost in HP in 2020 is somewhat offset by the Dinan.

How have others faired when reaching this point - the G30 has been the most reliable BMW I have owned and still seems fresh? Not really digging get into another lease.
__________________
2018 M550iX-Dinan Stage 1 | 2011 E93 M3 Convertible | 2002 E46 M3 Convertible | 2002 E53 X5 3.0 | 2000 E39 540i | 1998 E36 M3 | 1988 E28 M5 | 1987 E28 528i
Appreciate 0
      04-11-2021, 11:37 AM   #2
Lancelot
Major
France
566
Rep
1,290
Posts

Drives: 2017 m550i
Join Date: Sep 2012
Location: France

iTrader: (0)

Well i'm on the other side that, having bought an m550i that was at the end of its lease, and i'm very happy with it (66000km that's 41k miles)

tbh i don't really see much difference from a new car, sure you'd get more power with a new one but you've already got a lot especially with the dinan add-on; and new headlights and a bigger idrive screen sure.

I got an insurance that covers repair costs for peace of mind, should the engine or drivetrain have issues.
__________________
2017 M550i | Sophistograu
Previous cars: 2014 F30 ActiveHybrid 3 | 2012 f20 M135i
Appreciate 0
      04-11-2021, 10:41 PM   #3
saw1
Private
89
Rep
79
Posts

Drives: G83
Join Date: Dec 2012
Location: Atlanta

iTrader: (0)

I was in the same boat last November. Lease was coming up with 36k on the clock, 2018 m550. I bought mine off the lease for 2 main reasons:

1. I couldn't find anything else that I liked better.
2. BMW offered a $7500 incentive off the lease buyout. Purchase price was 43k. I was on an owners choice plan so no additional taxes.

6 months later I am happy with my choice. The only others cars i am interested in are the RS5 sportback and the upcoming M4 convertible. Its hard to replace the m550, it is simply a great car!!
Appreciate 1
      04-12-2021, 07:51 AM   #4
dlf750
Captain
United_States
201
Rep
739
Posts

Drives: 2019 BMW 540i M Package
Join Date: Aug 2017
Location: Chicago

iTrader: (0)

Garage List
Quote:
Originally Posted by saw1 View Post
I was in the same boat last November. Lease was coming up with 36k on the clock, 2018 m550. I bought mine off the lease for 2 main reasons:

1. I couldn't find anything else that I liked better.
2. BMW offered a $7500 incentive off the lease buyout. Purchase price was 43k. I was on an owners choice plan so no additional taxes.

6 months later I am happy with my choice. The only others cars i am interested in are the RS5 sportback and the upcoming M4 convertible. Its hard to replace the m550, it is simply a great car!!
Same boat, 2019 540, car comes off lease early next year, very low miles due to COVID, 24k on the odo, way under the extra miles I bought with the lease. Buyout will be $40k, unless there are incentives but also looking at an RS5 - fun car!
Appreciate 0
      04-12-2021, 02:28 PM   #5
LuvMyE92
Occasionally frequent poster
LuvMyE92's Avatar
2994
Rep
2,742
Posts

Drives: CT5V-Blackwing
Join Date: Jan 2008
Location: RTP NC, USA

iTrader: (0)

Quote:
Originally Posted by dlf750 View Post
Same boat, 2019 540, car comes off lease early next year, very low miles due to COVID, 24k on the odo, way under the extra miles I bought with the lease. Buyout will be $40k, unless there are incentives but also looking at an RS5 - fun car!
Ditto, ends in February. I'll likely end up with 20K or so on my 30K allowed mileage on my 30 month lease. I think the residual is in the high 30s. I'll need an incentive to buy it though, as things stand now, the car is worth less (wholesale) than the residual.
__________________
Current inventory:
F22 & G05
Cadillac CT5-V Blackwing w/3 pedals
Past: E24,E28(3),E34,E36,E37,E38(2),E39(4),E46,E89,E92 (obviously),F01,F06,F10,F30,F87,G12,G30(2),G82(2)
Appreciate 0
      04-13-2021, 08:02 PM   #6
particulardude
Lieutenant
particulardude's Avatar
United_States
379
Rep
462
Posts

Drives: LR4 | L405 SC SWB
Join Date: Dec 2009
Location: Chicago

iTrader: (0)

This makes me think of all the recent/upcoming off lease inventory out there across manufacturers generally speaking. *opens six new tabs....

I don't keep a super close eye on the market but I get the general feeling new inventory is still pretty slim for many dealers coming off this last year.

I imagine if you are in a situation like this with a low mile well kept vehicle you could come out on top if you sold private after buying out the lease.

Some don't have the time or want the hassle of all that would involve.

Those of you mentioning having done a buyout - did you cross ref what comps are listing for?
__________________
"... if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.” —Theodore Roosevelt

Instagram@particulardude
Appreciate 0
      04-13-2021, 10:25 PM   #7
sebzx79
New Member
3
Rep
6
Posts

Drives: x5, m3, tundra
Join Date: Jun 2020
Location: New Jersey

iTrader: (0)

Auction on your low milage m550 is about 50k.
Appreciate 0
      04-13-2021, 10:38 PM   #8
turbobeagle
Lieutenant
399
Rep
416
Posts

Drives: 2020 540i M Sport
Join Date: Oct 2020
Location: SF Bay Area

iTrader: (0)

With only 16k miles, definitely check Carvana/Carmax/etc. to see what they would offer. It's very likely going to be higher than the BMWFS buyout price. You can get a quote online with almost no effort, so it's a good baseline.
Appreciate 0
      04-14-2021, 09:19 AM   #9
ksoze
Major
ksoze's Avatar
United_States
376
Rep
1,223
Posts

Drives: 2018 M550iX
Join Date: Nov 2010
Location: Maryland

iTrader: (0)

Carvana shows a $48K offer. BWM discounted buyout $52,500. Wish it was more in line with the market, but not sure I can find anything with this cars power, features, options and personally known history for that price.

Rock and a hard place....
__________________
2018 M550iX-Dinan Stage 1 | 2011 E93 M3 Convertible | 2002 E46 M3 Convertible | 2002 E53 X5 3.0 | 2000 E39 540i | 1998 E36 M3 | 1988 E28 M5 | 1987 E28 528i
Appreciate 0
      04-14-2021, 10:28 PM   #10
turbobeagle
Lieutenant
399
Rep
416
Posts

Drives: 2020 540i M Sport
Join Date: Oct 2020
Location: SF Bay Area

iTrader: (0)

That's a bummer. You may want to check Vroom as well just for kicks. For me, Vroom was $4k lower when I sold my Stinger, but others have reported that it can go the other way.
Appreciate 0
      04-17-2021, 10:39 AM   #11
Warp Ten
Captain
Warp Ten's Avatar
United_States
627
Rep
616
Posts

Drives: 2019 BMW 540xi
Join Date: Oct 2018
Location: Lake Bluff IL

iTrader: (0)

I had leased my 2010 535xi and bought it out at the end of the lease. I liked the car, it had relatively low miles and had been reliable. I ended up keeping it for a total of nine years, mostly trouble free. I was pleased with the decision. If you look at the total cost of ownership over however long you might keep yours if you buy it out, I think you will find it to be a reasonable financial choice. If you like the car I would go for it. --Bob
__________________
2019 540xi M Sport, Carbon Black/Cognac, 2014 328xi, 2016 Corvette Z06; Previous:2010 BMW 535xi M Sp, 2008 335xi, 1998 M3 Sedan,1980 528i, 1977 320i, 1976 2002
Appreciate 2
ksoze376.00
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:36 AM.




5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST