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2Addicts | BMW 2-Series forum BMW 2 Series (F22) Forum 2 Series Pricing, Ordering, European Delivery Should I purchase my m235i at end of lease?

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      09-19-2018, 02:09 AM   #1
DfVgyCjmFQnu
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Should I purchase my m235i at end of lease?

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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      09-19-2018, 11:40 AM   #2
mattc1176
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I was in a similar spot, I ended up leasing a new one but I was amazed at how willing the dealers were to work with me on negotiating the buyout price. I had it lowered by $2k without any real effort. So I'd start calling around to some dealers and see what they can offer, might make the decision easier....or harder.
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      09-23-2018, 04:56 PM   #3
xantdieselx
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Originally Posted by mattc1176 View Post
I was in a similar spot, I ended up leasing a new one but I was amazed at how willing the dealers were to work with me on negotiating the buyout price. I had it lowered by $2k without any real effort. So I'd start calling around to some dealers and see what they can offer, might make the decision easier....or harder.
I'll be in a similar spot in just a few months. Was talking to my SA yesterday and he said the same exact thing. BMW really doesn't want the headache of taking the car back so they will often give the dealer a deep discount. My buyout is $29k (16 M235i xDrive) and he was pretty confident that I could buy the car back from them with CPO for that amount.
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      09-27-2018, 01:47 PM   #4
02M3ForMe
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If the price to buy it out is $36,600, I strongly recommend returning it.
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      10-19-2018, 05:29 PM   #5
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Help!

So of course I waited too long and now my lease is over this Sunday. The pay off price for my 2015 m235i with 27.8k miles is $29,064 and the residual is $29,764. I tried to call 3 dealerships and none of them would quote me any lower than that price Bc apparently there are new rules implemented (in the last couple months) and they can't go any lower than that stated price.

Am I doing something wrong/ not asking the right questions?
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      10-22-2018, 05:36 PM   #6
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Quote:
Originally Posted by HeyMac08 View Post
Help!

So of course I waited too long and now my lease is over this Sunday. The pay off price for my 2015 m235i with 27.8k miles is $29,064 and the residual is $29,764. I tried to call 3 dealerships and none of them would quote me any lower than that price Bc apparently there are new rules implemented (in the last couple months) and they can't go any lower than that stated price.

Am I doing something wrong/ not asking the right questions?
Dealers can no longer discount the car past a certain amount for a buyout by the original lessee. There's a thread on here somewhere with the details posted by another forum member.
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      10-26-2018, 02:56 AM   #7
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Quote:
Originally Posted by xantdieselx View Post
Quote:
Originally Posted by HeyMac08 View Post
Help!

So of course I waited too long and now my lease is over this Sunday. The pay off price for my 2015 m235i with 27.8k miles is $29,064 and the residual is $29,764. I tried to call 3 dealerships and none of them would quote me any lower than that price Bc apparently there are new rules implemented (in the last couple months) and they can't go any lower than that stated price.

Am I doing something wrong/ not asking the right questions?
Dealers can no longer discount the car past a certain amount for a buyout by the original lessee. There's a thread on here somewhere with the details posted by another forum member.
So I ended up paying $29k for my m235i with 28k miles on it. Was able to convince the dealer to do a full detail, fix a decent dent on my hood and toss in the m performance floor mats... not bad right?
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      10-27-2018, 07:20 AM   #8
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Quote:
Originally Posted by HeyMac08 View Post
Quote:
Originally Posted by xantdieselx View Post
Quote:
Originally Posted by HeyMac08 View Post
Help!

So of course I waited too long and now my lease is over this Sunday. The pay off price for my 2015 m235i with 27.8k miles is $29,064 and the residual is $29,764. I tried to call 3 dealerships and none of them would quote me any lower than that price Bc apparently there are new rules implemented (in the last couple months) and they can't go any lower than that stated price.

Am I doing something wrong/ not asking the right questions?
Dealers can no longer discount the car past a certain amount for a buyout by the original lessee. There's a thread on here somewhere with the details posted by another forum member.
So I ended up paying $29k for my m235i with 28k miles on it. Was able to convince the dealer to do a full detail, fix a decent dent on my hood and toss in the m performance floor mats... not bad right?
Not bad at all! That's awesome.
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      11-04-2018, 11:23 PM   #9
snaketh
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Quote:
Originally Posted by HeyMac08 View Post
So I ended up paying $29k for my m235i with 28k miles on it. Was able to convince the dealer to do a full detail, fix a decent dent on my hood and toss in the m performance floor mats... not bad right?

That's a fantastic deal. You also know where the car has been.
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      11-05-2018, 11:22 AM   #10
stevehl350
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is it taboo to buy out your lease? Or is it acceptable as long as the numbers work? My 2016 M235i currently has 12k miles and the buyout is 33k. Decent deal?
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      11-05-2018, 03:20 PM   #11
Lucky13
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I bought my M235 at the end of the lease for just over $30k but I only had about 11,500 miles on it. Dealer would not discount so I just worked with BMW of NA, they obviously didn’t discount it. Bought it outright in May of 2017 and still only at 14,800 miles on a 2014.
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      11-05-2018, 11:17 PM   #12
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Quote:
Originally Posted by HeyMac08 View Post
So I ended up paying $29k for my m235i with 28k miles on it. Was able to convince the dealer to do a full detail, fix a decent dent on my hood and toss in the m performance floor mats... not bad right?
not bad at all! they clearly value you as a customer.
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      11-06-2018, 05:17 PM   #13
stevehl350
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Quote:
Originally Posted by DfVgyCjmFQnu View Post
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.
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...
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