bimmerpost/
BMW M2 and 2-Series Coupe
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
home
BIMMERPOST Universal Forums General BMW News and Cars Discussion

Post Reply
 
Thread Tools Search this Thread
      07-24-2015, 03:11 AM   #1
Shah86
New Member
8
Rep
9
Posts

Drives: 2015 MG/SO M4
Join Date: Jul 2015
Location: So-Cal

iTrader: (0)

Purchase after Lease

Anybody have any idea how it works to purchase the car after the lease? Its my first M and I'm really in love, such an amazing car. Although I leased it I'm now starting to think this is a car I'm definitely going to want to keep for more than 3 years. Does anybody know how it works? Do I just subtract the amount I've paid by the end of the lease and subtract that from the MSRP of the Car to find its new price? Thanks.
Appreciate 0
      07-24-2015, 03:39 AM   #2
M Heart
Banned
123
Rep
215
Posts

Drives: F80 M3
Join Date: Jul 2015
Location: California

iTrader: (0)

It's pretty simple actually. If you leased your car, you're paying the expected (per BMW's leading terms) depreciation of the car. Depending on your leading terms, you're residual value is set up front and you should know this. Let's just say you're car's residual value at lease end is 60% of your msrp, and your msrp was $75,000, you're residual value at lease end its $45,000. That's the amount BMW financial would expect you to pay for it. If you choose to buy it now within your lease period, that's a different deal.
Appreciate 1
      07-24-2015, 06:18 AM   #3
997usa
First Lieutenant
United_States
172
Rep
383
Posts

Drives: 2015 F83 M4 - Silverstone
Join Date: Aug 2012
Location: Chapel Hill, NC

iTrader: (0)

Quote:
Originally Posted by M Heart
It's pretty simple actually. If you leased your car, you're paying the expected (per BMW's leading terms) depreciation of the car. Depending on your leading terms, you're residual value is set up front and you should know this. Let's just say you're car's residual value at lease end is 60% of your msrp, and your msrp was $75,000, you're residual value at lease end its $45,000. That's the amount BMW financial would expect you to pay for it. If you choose to buy it now within your lease period, that's a different deal.
If you buy now, you need to call BMW FS and get a pay off quote that is valid for 14 days. Send them your payment equal to the pay off and they will send you the title. Voila, now you own the car.
Appreciate 0
      07-24-2015, 10:18 AM   #4
dagolfpro
Colonel
dagolfpro's Avatar
Taiwan
250
Rep
2,271
Posts

Drives: 2011 E90 M3
Join Date: Sep 2011
Location: SF Bay Area, CA

iTrader: (9)

Quote:
Originally Posted by Shah86 View Post
Anybody have any idea how it works to purchase the car after the lease? Its my first M and I'm really in love, such an amazing car. Although I leased it I'm now starting to think this is a car I'm definitely going to want to keep for more than 3 years. Does anybody know how it works? Do I just subtract the amount I've paid by the end of the lease and subtract that from the MSRP of the Car to find its new price? Thanks.
I've written most posts on this topic. Do a search and you'll be rewarded. I negotiated my buy back with a dealer saved about $800 off my residual value. It could have been more if M3 auction prices weren't so strong or if I had higher miles. (About 27k miles at lease end).

Good luck.
__________________
2011.75 E90 AW | DCT | ZCP | ZCV | ZCW | ZP2 | Prem Sound | Moonroof | BMW Apps |
Mods List: Evolve Exhaust | M Perf Steering Wheel | Tint | Lux | Hardwired V1 | KW V3 | Volshlag CP | Brembo BBK | BBS FI | Yokohama AD08 R| Schroth 4 Point Harness | Challenge GT Diffuser | OEM GTS Wing| GTS Lip| I lied earlier, I wasn't done with mod, but I swear, I'm done now, no more mods...
Appreciate 0
      07-24-2015, 11:18 AM   #5
xlover
Colonel
No_Country
2241
Rep
2,590
Posts

Drives: 2023 X7 40i
Join Date: Aug 2011
Location: Boston

iTrader: (0)

if your dealer really wants to be a pal they can CPO the car too before they sell it back to you... more warranties!
Appreciate 0
      07-24-2015, 11:45 AM   #6
OneRib
Colonel
United_States
1108
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Also consider buying a newer M3 if the residual is set too high or you didn't get a great deal to start with.

Puts you in a newer car at a potentially better price point.
__________________
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15
My AY M3 ED
Appreciate 0
      07-24-2015, 04:24 PM   #7
TYMAH123
Private
6
Rep
57
Posts

Drives: 2011 BMW X5 SAV
Join Date: Aug 2008
Location: Brooklyn, NY

iTrader: (0)

I bought my car after a 3 year lease. The price would be specified in your contract that you signed when you leased the car (residual value). Mine was something like $37K and I was only able to drop it down to $35.5K no matter what I tried. Went to a couple of dealerships also and they showed me what BMW is expecting to get from them from this sale (probably bs of course) but I did exhaust all of my options and nobody could offer me a better deal. Even offered the guy cash under the table for my target price, they wouldn't take it. They did however offered me a better bank rate than my bank so that was a little bit of good news there. I originally was shooting for $5K off my residual value but kept hitting a solid wall of NOs. So to make a long story short you probably will have to pay pretty close to what is spelled out in your original contract. That's my $0.02.
PS You do save around $500-600 on the return inspection/transportation fees as well but they usually wave those if you're buying another BMW from them. I had a Benz before and they got me for that since I wasn't getting another Mercedes.

Last edited by TYMAH123; 07-24-2015 at 04:37 PM..
Appreciate 0
      07-24-2015, 05:37 PM   #8
Shah86
New Member
8
Rep
9
Posts

Drives: 2015 MG/SO M4
Join Date: Jul 2015
Location: So-Cal

iTrader: (0)

Thanks for the input guys much appreciated.
Appreciate 0
      07-24-2015, 06:33 PM   #9
Smokester
New Member
1
Rep
29
Posts

Drives: BMW 228i M Sport 6MT MG
Join Date: Jul 2015
Location: Annapolis area

iTrader: (0)

Don't forget to factor in the total cost of ownership. When you buy off lease you will eventually inherit the repairs and maintenance. This can be thousands per year which can make leasing another new one more attractive. I really like the suggestion of convincing the dealer to CPO it.
Appreciate 0
Post Reply

Bookmarks

Tags
buyout, lease, purchase

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 06:48 PM.




g87
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST