03-08-2018, 11:51 AM | #23 | |
Major General
4527
Rep 8,942
Posts |
Quote:
Imagine having a gun to your head with your annual bonus based on a sales target, you (or anyone in sales) has a tremendous incentive to do things that aren't necessarily in the best interest of shareholders but are in the best interest of your annual bonus.
__________________
2022 Macan S
2016 F31 328i xDrive Sport Wagon 2006 E46 330ci ZHP Convertible |
|
Appreciate
0
|
03-08-2018, 05:15 PM | #24 |
Lieutenant
230
Rep 555
Posts |
I ended up buying out my lease, residual was around 31k and change. This was a year ago, long story short, it was more or less in the ballpark of what other cars were going for (CPO cars were in the 35k range when I was looking). I figured I have had it for 3 years, and I know how ive been driving etc. Even if it is a bit of a loss, the fact that ive had the car its whole life was an extra peace of mind.
I would have just traded it in for another lease, but the residuals and overall deals last april were not so great, so this seemed like the best option in a pinch.
__________________
|
Appreciate
0
|
03-08-2018, 06:09 PM | #25 | ||
Major
297
Rep 1,298
Posts |
Quote:
|
||
Appreciate
1
Miata1387.00 |
03-26-2018, 07:31 PM | #27 | |||
Kingslayer
412
Rep 1,481
Posts |
Quote:
__________________
Previous Cars: 2008' 135i, 2010' 328i, 2013' 328i, 2016' M235i, 2017' X1, 2019' M240i, 2019' X3, 2021' M3 Comp, 23' Camaro SS 1LE, 24' Lexus IS500 Current Cars: 23' Tesla Model Y Performance, 11' BMW 335I. Coming Soon: 25' BMW M2 Manual |
|||
Appreciate
1
mblaucoupe135296.50 |
03-26-2018, 08:36 PM | #28 |
Ich Liebe mein BMW
414
Rep 887
Posts |
The lease on my 2015 M235i Convertible ends in September and I was thinking of purchasing it as the Mrs. loves it and to replace it with a new one is going to result in a much higher payment.
I will reach out to my local dealers about 1-2 months before lease maturity to see what they can offer. Residual is a tad over $35k but current mileage is only 6500. It will be interesting to see what numbers I'm offered, but I won't hold my breath for much of a discount off the residual. |
Appreciate
0
|
03-27-2018, 08:27 AM | #29 | ||||
Major
297
Rep 1,298
Posts |
Quote:
|
||||
Appreciate
0
|
05-20-2018, 09:47 PM | #30 | |
Private
5
Rep 51
Posts |
Quote:
My lease is up next month and I'm thinking about buying it out. Residual is 31k with have 33,000 miles on it. |
|
Appreciate
0
|
09-10-2019, 12:30 PM | #31 | |
Banned
3
Rep 76
Posts |
Quote:
Last edited by MAILIYAT; 09-11-2019 at 12:16 PM.. |
|
Appreciate
0
|
09-12-2019, 08:01 PM | #32 |
Private
114
Rep 87
Posts |
BTW, for those of you posting now, the negotiation on lease buyout with BMW no longer applies. 120 days before lease end, a new item called the "Customer Purchase Promotion" will appear on your Payoff dcument. Currently, this incentive appears to be $500, but it can change.
Supposedly, they have ways to prevent buyout negotiation/resale via dealer, although I can see loopholes. I recently bought out my lease and the deal was decent (with 52%ish residual), but I mainly liked the car and wanted the simplicity of continuity. However, they managed to ship the title to the wrong address /facepalm Last edited by EstorilM240; 09-12-2019 at 10:35 PM.. |
Appreciate
0
|
09-20-2019, 01:57 PM | #34 | |
Banned
3
Rep 76
Posts |
Quote:
Last edited by MAILIYAT; 09-21-2019 at 05:24 PM.. |
|
Appreciate
0
|
11-08-2019, 11:51 PM | #35 |
Major
1644
Rep 1,009
Posts |
I feel like BMW probably has some sort of insurance to cover the losses they incur with the high residual leases. Higher residual means the car leases better since monthly payments will be lower, but they know in 3 years upon lease return these cars won't hold that residual value (unless ofcourse the car comes back with extremely low mileage)..
There has to be something going on to protect them against the losses on these cars coming back, and I feel like it must be some sort of insurance. |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|