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      10-07-2021, 01:08 AM   #1
f22tohru
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Question Need advice on lease end buy out*

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Hey wonderful fellow bimmer friends, im new to the forum and hoping to get some honest advices from yall pros.

I currently still have my leased 19' 240i as a daily driver , which is expiring in march 22'. Due to covid and i got put to work from home so til now i barely had 15k miles on her, i babied and garaged her so shes fresh as day 1. I absolutely love the car, and with the current market mark ups on new cars (at least at where im at) , im very tempted to keep it. Even if iwas gonna return the lease, id still be planning to sign onto another m240 but unfortunately im really not into the new 2 series stylings (and the drivetrain). Of course ive heard bad things come after 30k mark, i would like to ask for any honest opinion is it really a bad decision to keep it? This is my very first bimmer so any advice helps!! Thank you
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      10-07-2021, 01:47 AM   #2
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If you like it and the buyout is well under what market is at the moment, you should pull the trigger because you're not going to be able to replace this car with something comparable for less right now. I'm also not sure what you mean when you imply these cars are monstrous on maintenance past 30k miles - B48/58 cars seem to be very reliable so far.
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      10-07-2021, 02:12 AM   #3
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Quote:
Originally Posted by 230iZTR View Post
If you like it and the buyout is well under what market is at the moment, you should pull the trigger because you're not going to be able to replace this car with something comparable for less right now. I'm also not sure what you mean when you imply these cars are monstrous on maintenance past 30k miles - B48/58 cars seem to be very reliable so far.
Firstly thanks for your opinion! The "maintenance is bad" part i mostly got from youtube and that could be for older bimmers and wasnt exactly applied to b58, sorry i shouldve stated it better. I didnt want to just buy into that but at the same time my mileage is too early to judge, thats why id like to ask for opinions from actual b58 owners. ty!
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      10-07-2021, 04:44 AM   #4
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The advantage of buying it at 15K is that you can acquire it for a good discount over anything new, and apply all the useful preventive maintenance work to ensure it's a good long-term proposition. The 235i/240i seems to be an overall relatively reliable model. The BMW Extended Warranty runs up to 100K miles - so that tells you something positive about how relatively reliable these cars are up to that point.

Take a look at threads like this on 2 Series long-term maintenance for an idea. In the main, we're talking about annual oil changes, replacement intake charge pipe*, diff oil, gearbox oil, overflow hose and a few other things between 30K and 60K, to take you up to around 75,000 miles. This is stuff that won't be in the standard BMW service plan. You could also consider extended warranty. It's notable that extended warranty (in the UK anyway) excludes hose failures, so that implies recommendations to replace some of the coolant hoses around 50-60K are sound advice.

In my case, I'm the same as you about my 2016 235i 'vert, and am intending to take it to the 70K/10year mark at least. I don't see anything quite like it in the current BMW range or from anyone else and I like the car. I think that by the time it is swapped, it'll probably get replaced by an electric anyway.

[*more an M235i thing - apparently a better design in the M240i]
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      10-07-2021, 05:29 AM   #5
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Buy it.
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      10-07-2021, 06:12 AM   #6
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Its funny how people are willing to spend $1000 every month on finance or lease but the second a couple hundred dollar repair happens its the end of the car's life.
Not directed to you, just in general... People need to learn to keep their cars longer.
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      10-07-2021, 06:57 AM   #7
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You probably don't need more reaffirmation but why not - KEEP IT!
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      10-07-2021, 08:39 AM   #8
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I've run older and late-model bimmers into the 100k mile range, and the only thing I've had to do besides normal maintenance was swap out the charge pipe on my M235...and I did that proactively vs waiting for it to blow (car was tuned). Maintain your 240 properly and you'll get bored of it before it gets to its life end.
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      10-07-2021, 08:56 AM   #9
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I also have a low mileage M240i. I generally trade after the bumper to bumper warranty expires (although my cars are not leased). Just a routine I've gotten into and I usually get a decent return for my vehicles as they are low miles and pristine.

With my BMW, a 2017 w/ 8K miles, I'm kept it past the 4 year mark as I love the car, and it's been trouble. All my maintenance is based on years rather than mileage, so brake fluid, radiator flush and other wear items (belts, etc.) are on the slate to be done. As with most BMW services, they are pricey, but so is buying (or leasing a new vehicle). My service manager is honest and doesn't force unnecessary maintenance based strictly on time intervals, but rather my vehicles condition and usage.

I vote for "Keep it". You know the car intimately and its history. If it's been trouble free, as long as you maintain it and don't abuse it, it should last you many years.
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      10-07-2021, 12:19 PM   #10
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What is the price of the buyout?

I have a 2018 X3 M40i with the B58 engine. We bought it a few months ago, and it is a monster. Absolutely love it, great engine so far. Has 43k on it and the only warranty work that was done was a new muffler. At cold start it would rattle, BMW replaced it with a brand new one no question.

I think it comes down to what others stated, price of the buyout vs market. Would not be worried about repairs, these are good engines so far. I do all my work myself, but have an independent shop if I need. I have never and will never take my car to a stealership, unless it is warranty work. For me, my maintenance costs are that of someone who takes a Honda Civic in doing it myself!
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      10-07-2021, 04:29 PM   #11
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whoa tons of great info from your thread! tysm!
when i first leased the car i never thought id love it this much so i didnt quite consider for any long term figures, but this helps a lot!

Quote:
Originally Posted by msej449 View Post
The advantage of buying it at 15K is that you can acquire it for a good discount over anything new, and apply all the useful preventive maintenance work to ensure it's a good long-term proposition. The 235i/240i seems to be an overall relatively reliable model. The BMW Extended Warranty runs up to 100K miles - so that tells you something positive about how relatively reliable these cars are up to that point.

Take a look at threads like this on 2 Series long-term maintenance for an idea. In the main, we're talking about annual oil changes, replacement intake charge pipe*, diff oil, gearbox oil, overflow hose and a few other things between 30K and 60K, to take you up to around 75,000 miles. This is stuff that won't be in the standard BMW service plan. You could also consider extended warranty. It's notable that extended warranty (in the UK anyway) excludes hose failures, so that implies recommendations to replace some of the coolant hoses around 50-60K are sound advice.

In my case, I'm the same as you about my 2016 235i 'vert, and am intending to take it to the 70K/10year mark at least. I don't see anything quite like it in the current BMW range or from anyone else and I like the car. I think that by the time it is swapped, it'll probably get replaced by an electric anyway.

[*more an M235i thing - apparently a better design in the M240i]
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      10-07-2021, 04:36 PM   #12
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Congrats on your x3 m40i! Thats one sweet ride!
buy out is just $27k so thats why im more stress thinking on the maintenance part more and not the price to keep her. unfortunately im no expert working on cars myself so im looking to get ext warranty if i decide to keep it

Quote:
Originally Posted by bcwalks2 View Post
What is the price of the buyout?

I have a 2018 X3 M40i with the B58 engine. We bought it a few months ago, and it is a monster. Absolutely love it, great engine so far. Has 43k on it and the only warranty work that was done was a new muffler. At cold start it would rattle, BMW replaced it with a brand new one no question.

I think it comes down to what others stated, price of the buyout vs market. Would not be worried about repairs, these are good engines so far. I do all my work myself, but have an independent shop if I need. I have never and will never take my car to a stealership, unless it is warranty work. For me, my maintenance costs are that of someone who takes a Honda Civic in doing it myself!
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      10-07-2021, 04:38 PM   #13
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thanks for your input! you do have a great point --->"As with most BMW services, they are pricey, but so is buying " especially with todays market

Quote:
Originally Posted by USA-RET View Post
I also have a low mileage M240i. I generally trade after the bumper to bumper warranty expires (although my cars are not leased). Just a routine I've gotten into and I usually get a decent return for my vehicles as they are low miles and pristine.

With my BMW, a 2017 w/ 8K miles, I'm kept it past the 4 year mark as I love the car, and it's been trouble. All my maintenance is based on years rather than mileage, so brake fluid, radiator flush and other wear items (belts, etc.) are on the slate to be done. As with most BMW services, they are pricey, but so is buying (or leasing a new vehicle). My service manager is honest and doesn't force unnecessary maintenance based strictly on time intervals, but rather my vehicles condition and usage.

I vote for "Keep it". You know the car intimately and its history. If it's been trouble free, as long as you maintain it and don't abuse it, it should last you many years.
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      10-07-2021, 05:30 PM   #14
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I was going to buy out my leased 2018 M240i but ended up finding an allocation for one of the last MY21 model. Took delivery in August and couldn't be happier. I purchased this one instead of leasing as I want to keep it long term.

If you really like the car, I would buy it out. If you are worried about maintenance/warranty coverage reach out to Christine for a quote, great prices and service! You can find more info Here.
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      10-07-2021, 06:50 PM   #15
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Quote:
Originally Posted by f22tohru View Post
buy out is just $27k so thats why im more stress thinking on the maintenance part more and not the price to keep her. unfortunately im no expert working on cars myself so im looking to get ext warranty if i decide to keep it
Buy the car, then determine if buying the extended warranty makes sense.

I've never purchased an extended warranty on a car, but based upon what other members here and elsewhere have had to say, I think this may be a useful way to look at them:

1) Insurance – that's what they are; if something goes wrong, the policy is there to protect you financially; and there's no question that BMWs can be expensive to repair, sometimes remarkably so

2) Value – you don't buy an extended warranty expecting to come out ahead in terms of your overall expense; you buy it for the sleep-at-night-factor knowing that you're insured against expensive repairs

There's another factor I think is related to the cost of purchasing or buying-out a leased vehicle plus the cost of maintaining the vehicle during the years of ownership. That factor is resale value. To me, those are the triumvirate of the financial aspects of vehicle ownership for us car people.

Speculating on the subject of F22 resale values in the coming years is a guessing game. However, our cars generally have things to offer that some of the more expensive models don't: lighter weights, more 6-speeds, bang-for-the-buck, coupe bodies, etc. My sense of it is that if what buyers of used cars in the $10-25K range want don't change a lot, our cars will still be worth a decent amount once we've run them up to 75-100K+ miles after 6-8 years of ownership.

As always, my 2¢.
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      10-08-2021, 02:11 AM   #16
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Quote:
Originally Posted by f22tohru View Post
Congrats on your x3 m40i! Thats one sweet ride!
buy out is just $27k so thats why im more stress thinking on the maintenance part more and not the price to keep her. unfortunately im no expert working on cars myself so im looking to get ext warranty if i decide to keep it
I would for sure but out the lease for 27k! You can’t hardly touch a 235i for that with decent miles. I’m betting another lease of the same vehicle would be far more expensive.

I hear ya on the maintenance worry. However, I really would be pretty comfortable with what you have. Keep in mind you still have the factory warranty too. A good independent shop on the side if you can find one by you familiar with BMW will be a good find. I have a guy on the side that is a fraction of the stealership if I need anything and can’t/don’t want to do it…. And that B58 is a beast!!
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      10-08-2021, 12:34 PM   #17
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As discussed many times on this and other forums, instead of an extended warranty, you can set aside a couple of hundred bucks a month as a form of self-insurance, if you have the self-discipline.
As for the buy-out, absolutely, yes, it is a good deal and you know the car. Go for it!
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      10-08-2021, 08:08 PM   #18
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Quote:
Originally Posted by f22tohru View Post
Hey wonderful fellow bimmer friends, im new to the forum and hoping to get some honest advices from yall pros.

I currently still have my leased 19' 240i as a daily driver , which is expiring in march 22'. Due to covid and i got put to work from home so til now i barely had 15k miles on her, i babied and garaged her so shes fresh as day 1. I absolutely love the car, and with the current market mark ups on new cars (at least at where im at) , im very tempted to keep it. Even if iwas gonna return the lease, id still be planning to sign onto another m240 but unfortunately im really not into the new 2 series stylings (and the drivetrain). Of course ive heard bad things come after 30k mark, i would like to ask for any honest opinion is it really a bad decision to keep it? This is my very first bimmer so any advice helps!! Thank you
I bought my 2019 M240i new and I have now 20K, meticulously maintained and pampered too. I didn't heard about bad things to come with the B58 engine. The N55 and S55 engines have reported problems but they were on the M235i.

If you enjoy the car now, I believe you should keep it.
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      10-08-2021, 08:33 PM   #19
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Keep it, I bought my 2014 M235 after a 3 year lease for around $30K back in 2017. With the market its probably worth $25K since I’m only at 22,000 miles. Mines a manual so its a forever car.
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