01-09-2017, 08:56 AM | #23 | |
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01-09-2017, 09:31 AM | #24 | ||
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01-09-2017, 10:46 AM | #25 | |
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Please keep us posted if the offer gets and better or worse. |
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01-09-2017, 10:03 PM | #26 |
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I'm in the same situation regarding buying my 2014 M235 with a residual of $30,400 on a $48,500 list. Lease runs out early May and KBB and other sources says current retail is $32-33K (I only have 9,400 miles). The way I look at it is I already took the big depreciation hit and it starts dropping a lot less the next few years. I'm in a unique situation with such low miles it kind of crazy not to buy it. One thing you might do with the dealer is see if they will buy it from BMW and certify it for 6 years/100k and sell it back to you for the residual price. My dealer years ago said they would do it for $1,000 but I didn't negotiate it so if they can buy it for a couple less and immediately turn off it around for a sale its worth a try. Its not like BMW had a good year ( sales were down 9.5%) so maybe it would work.
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01-10-2017, 07:12 AM | #27 | |
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01-10-2017, 11:16 AM | #28 |
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Yes, my point was to get them to certify it for "free" by having them buy the car at wholesale from BMW and turning it around and selling it back to you. You get it for the same residual with with 6/100 warranty and the dealer gets in on the deal and makes the difference between wholesale or BMW financial cost to dealer and the residual. If you just buy the car the dealer gets nothing so this way its a win, win. I don't need the 6/100 but someone who puts on normal miles its a nice deal. Like I said, my dealer already offered to certify it for $1,000 when I bought it but I didn't care then and wasn't sure I wanted to even buy the car. The dealer isn't going to just certify it for free now with nothing in it for them and I don't need the extra warranty but the OP might and others might.
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01-10-2017, 12:07 PM | #29 | |
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01-13-2017, 12:23 PM | #30 |
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It's not a grey area, cars are worth what there worth. They may feel special to us but these are just commodities, and as such price fluxate. I will lease or buy depening on residuals and money factor. Why eat the deprecation/tax if you don't have too. If you do not buy the car they have to resell anyway and that will be at market price regards of buyout.
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01-13-2017, 12:32 PM | #31 | |
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01-13-2017, 09:15 PM | #32 | |
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In terms of "obligatory" and "nonobligatory" purchases, a few rules apply: 1. You do not have to buy cars that originated at another dealership 2. You do have to buy a car that originated at your dealership or a satellite location of your dealer, unless: a) the client has previously committed to refinance with BMWFS b) there is an insufficient Manheim Market Report sample for that given model If the dealer passes on a car and decides not to buy it, it gets picked up by BMWFS and sent to one of the auctions that they work with. In the northeast, cars are all transported to Adesa. The cars are sold in special BMWFS sales at the auction where BMW dealers and other dealers go to buy cars. Usually the cars at these sales are not the best cars, though, since the dealers usually hold on to the good ones and send the bad ones back. So either way it's not really a grey area, they have to buy it back anyway, more or less. |
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01-14-2017, 11:09 AM | #33 | ||
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01-14-2017, 03:15 PM | #34 | |
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Since the dealer is obligated to buy the car back in most circumstances, and has a customer who wants the car then they may sell it to you if they wish. They may also tell you no, and feel hey can get more for it in the lot, ext. This only applys to the dealer he bought the car from, otherwise the dealer will just turn the car in bmwfs for disposition since they are under no obligation to purchase. |
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01-15-2017, 08:26 PM | #35 | |||
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01-15-2017, 08:29 PM | #36 | |
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01-15-2017, 08:32 PM | #37 | ||
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01-15-2017, 08:33 PM | #38 | |
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07-05-2017, 07:45 PM | #39 |
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Update - albeit a bit late - I did NOT buyout my 235i. Instead I ordered a '17 M2 and I took delivery on April 8. I've already put nearly 5,000 miles on the M2.
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07-05-2017, 09:33 PM | #40 |
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07-06-2017, 07:20 PM | #41 | |
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07-08-2017, 05:43 AM | #42 |
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07-08-2017, 09:33 AM | #43 |
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I live in Texas where we pay tax on the full purchase price for a lease. If the dealer buys the car at lease end, and you then lease a new BMW, I think you get a credit for that portion (the buy back price) of the taxes that were paid. Is that right?
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