Buying out your car at the end of lease

reddemon73 · 03-08-2017, 05:06 PM

Hello all,

Here is my story and hopefully this will help some of you out there that is considering keep your car after the lease.

Background: I was leasing my 2014 BMW 435i M Sport coupe. Pay about $578 per month. Lease due to expired on 4/22/17. The residual on this lease is at $36,450.

I went to a local dealership to negotiate. End up paying $36,000 for my car. This included $1,500 to certified my car and two brand new tires. I will get two years extended on my warranty and 2.9% financing. I called BMWFS later and found out the dealership was able to buy the car back at $31,500. They made about $3,000 on the deal.

Moral of the story, I was able to keep my car and paid less for it and dealership made easy bucks.

If you want to keep your car, I encourage you to go to your local dealership to lower your residual amount.

reddemon73 · 03-08-2017, 05:07 PM

Moderator, please delete. double post

dereksM3 · 03-08-2017, 06:22 PM

Interesting and good to know, what dealer is this in Seattle? I assume BMW in SODO? I wasn't aware you could further negotiate the residual cost at lease end if buying?

So you essentially got them to lower the residual cost and CPO the car all for less than the original residual value?

reddemon73 · 03-09-2017, 01:21 AM

Seattle BMW would not budge from residual. Went down to Bmw northwest. If you go, ask for Brandon. Tell him david refer you.

dereksM3 · 03-09-2017, 01:14 PM

Quote:

Originally Posted by reddemon73

Seattle BMW would not budge from residual. Went down to Bmw northwest. If you go, ask for Brandon. Tell him david refer you.

That's good to know, I might take a trek down there.

capt_slow · 03-09-2017, 09:33 PM

My residual was about $28,800 and returned it 3k under mileage in very good condition. Ended up returning and leasing a new car.

My old car was on their lot in less than a week after I returned it and dealer was asking $24,990.

Its a gamble to let it go and buy it back, but that is another route

03-08-2017, 05:06 PM	#1
reddemon73 Major 103 Rep 1,392 Posts Drives: 2014 BMW 435 Join Date: Jan 2008 Location: Seattle iTrader: (1)	Buying out your car at the end of lease Hello all, Here is my story and hopefully this will help some of you out there that is considering keep your car after the lease. Background: I was leasing my 2014 BMW 435i M Sport coupe. Pay about $578 per month. Lease due to expired on 4/22/17. The residual on this lease is at $36,450. I went to a local dealership to negotiate. End up paying $36,000 for my car. This included $1,500 to certified my car and two brand new tires. I will get two years extended on my warranty and 2.9% financing. I called BMWFS later and found out the dealership was able to buy the car back at $31,500. They made about $3,000 on the deal. Moral of the story, I was able to keep my car and paid less for it and dealership made easy bucks. If you want to keep your car, I encourage you to go to your local dealership to lower your residual amount. __________________ 2014 435i M Sport //AW, CR//premium, tech, lightening pkgs//20% tint//full clear bra//ppk//blk grills//20" Vertini wheels//digital gauge//Apple Carplay//MPE with catted DP//VSRF charge pipe//Wagner FMIC//
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03-08-2017, 05:07 PM	#2
reddemon73 Major 103 Rep 1,392 Posts Drives: 2014 BMW 435 Join Date: Jan 2008 Location: Seattle iTrader: (1)	Moderator, please delete. double post __________________ 2014 435i M Sport //AW, CR//premium, tech, lightening pkgs//20% tint//full clear bra//ppk//blk grills//20" Vertini wheels//digital gauge//Apple Carplay//MPE with catted DP//VSRF charge pipe//Wagner FMIC//
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03-08-2017, 06:22 PM	#3
dereksM3 Captain 270 Rep 888 Posts Drives: 2016 MG 340i M-Sport Join Date: Mar 2009 Location: Lynnwood, WA iTrader: (3)	Interesting and good to know, what dealer is this in Seattle? I assume BMW in SODO? I wasn't aware you could further negotiate the residual cost at lease end if buying? So you essentially got them to lower the residual cost and CPO the car all for less than the original residual value?
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03-09-2017, 01:21 AM	#4
reddemon73 Major 103 Rep 1,392 Posts Drives: 2014 BMW 435 Join Date: Jan 2008 Location: Seattle iTrader: (1)	Seattle BMW would not budge from residual. Went down to Bmw northwest. If you go, ask for Brandon. Tell him david refer you. __________________ 2014 435i M Sport //AW, CR//premium, tech, lightening pkgs//20% tint//full clear bra//ppk//blk grills//20" Vertini wheels//digital gauge//Apple Carplay//MPE with catted DP//VSRF charge pipe//Wagner FMIC//
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03-09-2017, 09:33 PM	#6
capt_slow Captain 556 Rep 906 Posts Drives: 2017 F31 328d Join Date: Oct 2013 Location: SoCal iTrader: (1) Garage List 2015 VW Golf SportW ... [0.00] 2017 BMW 328d xDriv ... [10.00] 2020 BMW i3 Rex [0.00]	My residual was about $28,800 and returned it 3k under mileage in very good condition. Ended up returning and leasing a new car. My old car was on their lot in less than a week after I returned it and dealer was asking $24,990. Its a gamble to let it go and buy it back, but that is another route __________________ 2017 328d xDrive Sports Wagon: Estoril Blue, Black Sensatec, M-Sport Pkg 2020 i3 Rex: Capparis White, Giga World
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