Quote:
Originally Posted by DfVgyCjmFQnu
My lease is done very soon. Wondering if I should purchase my leased car at end of lease. I paid for 47,500 miles on the lease but only used 27,017 miles.
Stats:
2015 BMW m235i auto trans
27,017 miles
Alpine White, red leather interior.
Literally every option installed.
Residual was 58%
Total lease payoff: $36,568.54
Security deposit to be returned to me: $6,650.00
Manheim MMR on this specific car $27,900 (dealer) $33,100 (estimated retail value)
KBB on this specific car $28,106 (trade in), $31,083 (private party value)
Make any sense to buy it?
I've enjoyed this car and love how it drives and looks but had mechanical problems that have been minimal lately but significant in the past.
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OP, i do not think you should buy out this car, 36k is way too high. Used 2015 AT models with same mileage as yours is going for 29-32K on the high side.
My lease is about to end soon and my buyout is $33k at 12k miles for a 2016 AT. But then again you do have all the options...