End of lease buyout question

aznyeast · 02-21-2006, 09:32 AM

Hi, I just leased a 330i and would like to learn about the end of lease buyout. What I dont understand is that, at the end of the lease, is the buyout price is the estimated residual price, which is 74% or it is depend on the current market price? Let say with an estimate residual of 74%, my car worth around 30,000. Is that the lowest price I can buy it or it will go lower or higher all depend on the value of the market?

Let say the 335i come out and decrease the value of the 330i. It supposed to be 30,000 but now market vaule for it is only 25,000. Will I be able to buy it at 25,000?

Thanks

sdorn · 02-21-2006, 09:35 AM

The buyout price is the residual in your lease contract. It doesn't matter what the car is actually worth at lease end, you can buy it for the residual value in your lease contract. You can also buy it out sooner by going to the Owner's Circle at bmwusa.com and looking up the buyout price.

jflecha · 02-21-2006, 09:57 AM

Agree the buyout price is in your contract and will not change.

Dont forget, you will also have to pay state tax on the buyout amount too if you want to buy it. :mad:

marketman · 02-21-2006, 02:19 PM

The Residual is based on the ORIGINAL MSRP of the car before you bought it.

The "buyout" is basically the same plus remaining payments(if there are any)and it is a hard number that is determined at the time of your transaction.

02-21-2006, 09:32 AM	#1
aznyeast Private 4 Rep 61 Posts Drives: 330i Join Date: Jan 2006 Location: New Orleans iTrader: (0)	End of lease buyout question Hi, I just leased a 330i and would like to learn about the end of lease buyout. What I dont understand is that, at the end of the lease, is the buyout price is the estimated residual price, which is 74% or it is depend on the current market price? Let say with an estimate residual of 74%, my car worth around 30,000. Is that the lowest price I can buy it or it will go lower or higher all depend on the value of the market? Let say the 335i come out and decrease the value of the 330i. It supposed to be 30,000 but now market vaule for it is only 25,000. Will I be able to buy it at 25,000? Thanks
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02-21-2006, 09:35 AM	#2
sdorn Lieutenant 26 Rep 491 Posts Drives: 2006 Jet Black 325i Join Date: Feb 2006 Location: Atlanta iTrader: (0)	The buyout price is the residual in your lease contract. It doesn't matter what the car is actually worth at lease end, you can buy it for the residual value in your lease contract. You can also buy it out sooner by going to the Owner's Circle at bmwusa.com and looking up the buyout price. __________________ 2008 Sparkling Graphite 535i 2009 Land Rover LR2 2003 Porsche 911 Turbo (SOLD) 2006 Jet Black 325i (SOLD) 2001 Bullitt Mustang (450rwhp - SOLD)
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02-21-2006, 09:57 AM	#3
jflecha Second Lieutenant 10 Rep 205 Posts Drives: E90 06 330i Join Date: Sep 2005 Location: The Garden State iTrader: (0) Garage List 2006 330I [0.00]	Agree the buyout price is in your contract and will not change. Dont forget, you will also have to pay state tax on the buyout amount too if you want to buy it. :mad: __________________ Tit-Silver 330i/STEP/SP/PP/CWP
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02-21-2006, 02:19 PM	#4
marketman Private First Class 3 Rep 153 Posts Drives: 2000 323it Join Date: Jan 2006 Location: Melbourne FL iTrader: (0)	The Residual is based on the ORIGINAL MSRP of the car before you bought it. The "buyout" is basically the same plus remaining payments(if there are any)and it is a hard number that is determined at the time of your transaction. __________________ Live now. THere will be plenty of time to be dead later.
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