[bubsterino]

Hi all -

Forgive me if you feel this should be posted under the generic 2 Series Pricing/Ordering forum - I'll move it if appropriate. In short, I am leasing a 2014 228i and definitely will want to move into the M2. I imagine there are some other people in the same position, where your lease maturity date is beyond the expected delivery date of the M2 (Feb 2016 last I heard from my dealer). Here is the info I'm working with:

• Contract Start Date: 6/21/2014
• Contract End Date: 6/21/2017
• Original Contract Total Miles: 30,000
• Current mileage: 11,029
• Residual: $25,423.65
• Total Lease Payoff: $33,741.27
• Current KBB Range (current mileage): ~$27K-$28K
• Projected KBB Range (assumes 17K miles): ~$26K - $27K
• Build details (custom order): 6 MT, M Sport package, Tech Package, Heated Seats, moon-roof delete)

Assuming a February 2016 M2 arrival, at that point, my lease would ~55% completed. My understanding of BMW Lease Termination is the following - pay the lesser of:

• The difference between payoff and realized value, OR
• The total of your remaining payments plus excess wear and tear

From my math, Option 1 will be satisfied, and the car could be turned in at residual / positive equity.

All that being said, what are your thoughts on trying to make a deal now on the M2 vs. b) waiting until closer to early 2016. What I don't want to have happen is to order an M2 and find myself in a tricky position in not being able to get out of the lease early.

Will BMW dealerships "commit" to a deal that involves an early lease return?

I am happy to shop around, as I'm in DC and we have a ton of dealerships nearby.

FWIW, there are 7 people on my dealership M2 waitlist, requiring $1K deposit now, 10% of the MSRP is required as a deposit once the car has been modified to your specs and production begins (note: they mentioned they have "NO intention of marking these cars up over MSRP"). The 10% seems aggressive for a deposit on a lease where I have no intention of putting anything down. Interested in thoughts on this as well.

All the best,


BB

[Transfer]

Good luck trying to convince a dealership that they should neutral trade (forget about equity) any BMW lease that is 16 months early. That's incredibly wishful thinking IMO, especially on a 228i.

[bubsterino]

Originally Posted by Transfer

Good luck trying to convince a dealership that they should neutral trade (forget about equity) any BMW lease that is 16 months early. That's incredibly wishful thinking IMO, especially on a 228i.

Always worth checking though right? Realize there's other options like leasetrader or a buyout flip to CarMax, but frankly don't want the administrative hassle nor effort given I love my car.

The stick goes either way for attractiveness realizing how low the take rate is but also how high the demand is for those who want one. For example, when I moved back from NYC last year I would taken a low mileage 1er 6MT but couldn't find one outside of one in CA.

FWIW, 16 months quickly turns into 12 months early given my experience with expected delivery date vs reality with a custom order.

thanks for replying!

[Lt1camaro]

My dealership took in my 2012 528i last year in june for my 535i when 2.5 years out of 4 years of the lease has gone by and i had around 45k kilometers on it for around 700 dollars. So I think getting out of the lease would be doable at a reasonable price if you negotiate with them.

[David1]

Option 1 will not happen. Yopu will loose thousands trying to get out of your lease. Plus, you can not make a deal on a car that is not orderable. it may exist in pictures and all but you can not order it.

[dmboone25]

Another option is to go to Carmax or another 3rd party seller of used cars and just see what they will give you for it. Assuming that is better than what the dealer offers, you have some options.

You could always attempt a private sale too - no harm in trying.

[Glassjaw047]

Or you can do swap a lease and make sure you have someone to take it over by the time you get the M2....

[midwest 340xi 6sp]

Probably not what you want to hear, but why not just enjoy the 228 you have now and worry about acquiring an M2 (or something else) later at lease end?

There is always going to be something shinier and faster to be had. Those things can rob you of enjoying today.

Besides, let everyone else work through the inevitable year 1 bugs of the M2 while you're enjoying your remaining time with the 228.

[bubsterino]

Originally Posted by Midwest M235i

Probably not what you want to hear, but why not just enjoy the 228 you have now and worry about acquiring an M2 (or something else) later at lease end?

There is always going to be something shinier and faster to be had. Those things can rob you of enjoying today.

Besides, let everyone else work through the inevitable year 1 bugs of the M2 while you're enjoying your remaining time with the 228.

I'm absolutely fine with this option :-)