[apg13]

I am currently leasing a 2015 M235i - loaded $56,500 msrp including residualized m performance exhaust/interior parts/etc, and I leased it for a 36k mile allotment ending in the coming months. Because I live so close to work, I have only managed to put about 12k miles, and will at most have about 14-15k miles at turn in time.

The residual value I've been given is about $34.5k, and from my searches this seems to be a pretty good price for the car. I know that for the most part a lease buyout is not the smartest thing to do, but at the same time I think this may be a good deal.

My thought is that if I buy it at 34.5 and put another 30k miles on it or so, I could potentially sell at ~23-25k 3 years down the line which would be less expensive than another lease, but the new model designation has me concerned about the long term value of the M235i.

Would appreciate some insight on whether my car would be a good deal at the residual buyout, or if I could potentially negotiate a few bucks off of the price? Any advice would be helpful.

Thanks!

[B58togo]

How did you reach $56,500 msrp?

[apg13]

Originally Posted by B58togo

How did you reach $56,500 msrp?

I have every option except Cold Weather package, as well as most M performance parts port installed.

[CO_Steve]

I just bought a 2015 with 17k miles last month. I shopped nationwide. I'd say your buyout is a very good but not amazing deal. Given your history with the car that certainly adds value for you. I've heard of people getting some money off a buyout at end of lease but I have no experience there. What will it be worth in three years? Who knows? Would it be a better deal that leasing new again? Almost certainly.

[BEM-S4]

Even if you can't negotiate down one of the dealers I work with regularly throws in CPO when buying out the lease for the prenegotiated price. Worth trying to get that at least.

[morphomeman]

Yet another case of fast-depreciating options as an argument against leasing a loaded vehicle. Depending on the sales tax where you live, you might even be able to buy the car out at the residual and turn it around for a profit.
What were you paying per month on the lease?
Next time you get a loaded car that you know you will not put many miles on, buy, don't lease. The monthly cost may be higher, but you will own the car after you pay for it.

[BEM-S4]

Originally Posted by morphomeman

Yet another case of fast-depreciating options as an argument against leasing a loaded vehicle. Depending on the sales tax where you live, you might even be able to buy the car out at the residual and turn it around for a profit.
What were you paying per month on the lease?
Next time you get a loaded car that you know you will not put many miles on, buy, don't lease. The monthly cost may be higher, but you will own the car after you pay for it.

You could make the exact same argument for not buying a car loaded with stuff. Certain things ie leather and nav help resale - maybe not value $ for $ but easier time moving car. Stuff like M Performance add-ons don't do much, and loading up a bunch of Dinan crap actually hurts.

Said another way, you'd be better off from a preserving value perspective buying a stripped M235 vs a loaded 228 for the same $.

[chattanooga240]

Originally Posted by BEM-S4

Said another way, you'd be better off from a preserving value perspective buying a stripped M235 vs a loaded 228 for the same $.

This right here is usually the case across brands.

[apg13]

Originally Posted by BEM-S4

Even if you can't negotiate down one of the dealers I work with regularly throws in CPO when buying out the lease for the prenegotiated price. Worth trying to get that at least.

Thanks, I will look into that as an option.

[apg13]

Originally Posted by morphomeman

Yet another case of fast-depreciating options as an argument against leasing a loaded vehicle. Depending on the sales tax where you live, you might even be able to buy the car out at the residual and turn it around for a profit.
What were you paying per month on the lease?
Next time you get a loaded car that you know you will not put many miles on, buy, don't lease. The monthly cost may be higher, but you will own the car after you pay for it.

My lease deal was pretty good considering the MSRP - $620/mo including taxes with zero down. It was certainly not my plan to drive so few miles, otherwise I would not have chosen a 12k/year lease; but that is life, things change unpredictably and I ended up driving less than I intended to because of various reasons when I signed the contract for the car.

I'm probably not going to go down the route of reselling it - I will either walk away or buy it to keep for another 3-4 years. Just wanted to gauge if the community thought my car was fairly priced at $34.5k or if I should consider other options.

[3rdcoast228i]

If it was 56k msrp new and your buy out is 34.5k I would do it. That's a good price I think. If you look at used ones you aren't likely to find one nice as yours for 35k. And unlike those cars you know exactly how your car has been driven and maintained.

[steve1980]

I am pretty much in the same boat. 54k, 33k buyout. Hoping I can get it certified after a buyout as well n keep it for the next few years also. I also only have 13k on mine. Good luck with your decision.

[BEM-S4]

To vastly oversimplify the discussion since your miles are so low you really just prepaid depreciation you haven't experienced yet - I'm talking real world pricing not wholesale. So you paid more than you should have to drive the car during the lease. You can keep it and enjoy that benefit or buy/sell to recoup it, but just turning it in BMW wins. Yeah you may get a small mileage refund but not enough to move the needle.

[apg13]

Originally Posted by BEM-S4

To vastly oversimplify the discussion since your miles are so low you really just prepaid depreciation you haven't experienced yet - I'm talking real world pricing not wholesale. So you paid more than you should have to drive the car during the lease. You can keep it and enjoy that benefit or buy/sell to recoup it, but just turning it in BMW wins. Yeah you may get a small mileage refund but not enough to move the needle.

I'm leaning towards buying it and keeping it through the end of warranty if I'm able to get CPO included in the buyout. This was my original thought when I considered buying regarding prepaying depreciation.

[BEM-S4]

Originally Posted by apg13

I'm leaning towards buying it and keeping it through the end of warranty if I'm able to get CPO included in the buyout. This was my original thought when I considered buying regarding prepaying depreciation.

You should at least be able to get up to 75k. You can always extend later think it's $1500. In your case you're paying for time more than miles but it doesn't really matter, lots of expensive things to break.

[Lucky13]

I bought my 2014 M235i leased for residual last month ($30.4K). I only had 10,400 miles on it so no way was I turning it back in to let the dealer make a killing. No need for CPO with the 3,500 miles a year I put on it. Just traded our 2007 335i convertible with 73,000 miles on a new Toyota Tacoma. CPO is a crapshoot, I never CPO'd the 335 and had it 10 years. Not sure the CPO would have helped, most expenses were tires, oil changes, brakes and spark plugs at 65,000 miles. Only other expense was ignition coils that all were replaced but all happened after 7 years of ownership.

[DF]

Originally Posted by B58togo

How did you reach $56,500 msrp?

Mine was over 58K

[capo180]

Yeah you almost have to keep that one lol. Leasing and not driving the full allotment of miles is a waste in my mind. 35 is fair for that. Even better with CPO of course.