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      07-13-2020, 10:58 AM   #1
kern417
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Best deal on lease buyout

My lease ends next month, and I've gotten several communications from the dealer trying to put me into a 2020. I'm not really interested. At this point I had expected to receive some offers to buy out the lease, but none are coming. Do I need to haggle with the dealer directly or is that not a common practice anymore? I saw that they no longer allow dealers to buy the lease and then flip it back to you at a reduced cost, but I thought there would be other deals being advertised.

This is my first time buying out a lease and I'm working with an out-of-state dealer so any tips are appreciated.
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      07-21-2020, 09:41 PM   #2
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Have you informed the local bmw dealer of your ownership. Usually takes something to get on a mailing list, a friendly visit, service ect
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      07-22-2020, 07:59 AM   #3
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Have you informed the local bmw dealer of your ownership. Usually takes something to get on a mailing list, a friendly visit, service ect
Yeah I've been there, but apparently everything is still supposed to be handled by the selling dealer.

I ended up calling BMWFS and they took $3k off the residual, so I'm satisfied. I recommend calling them if you're in my scenario to see what they offer.
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As long as 3-pedals are an option, I will exercise my right to suffer the handicap and indignity of slower shifts and reaction times.
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      07-23-2020, 08:55 PM   #4
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Quote:
Originally Posted by kern417 View Post
Yeah I've been there, but apparently everything is still supposed to be handled by the selling dealer.

I ended up calling BMWFS and they took $3k off the residual, so I'm satisfied. I recommend calling them if you're in my scenario to see what they offer.
Glad it worked out for you. I was recalling off my Honda leasing experience. Purchased my car 30 miles away, serviced it locally and the local dealership and purchasing dealership kept sending me offers to get me out of my 2006 RSX type s. Like just turn it in now end payments No fees or over mileage , and buy a brand new car!
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      10-20-2020, 12:07 PM   #5
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Any updates on this? I saw over the summer they were offering 5500-6000 on lease buyout incentive but now hearing that all incentives have temporarily been removed, not just the extra part, but the usual discount as well.
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      10-21-2020, 11:08 AM   #6
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I'm not sure how quickly things may be changing, but a few weeks ago, I took advantage of a $5,500 discount off the residual of my 3GT and just received the clear title in the mail yesterday. Between all payments made over three years and buyout, it equated to a 19% discount from MSRP on a car now with 16k miles...seemed quite a good deal. Never spoke to a dealer, no inspection...100% online transaction with BMW. Also my first lease and the selling dealer 3 years ago was in another state.
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      10-21-2020, 02:26 PM   #7
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I'm not sure how quickly things may be changing, but a few weeks ago, I took advantage of a $5,500 discount off the residual of my 3GT and just received the clear title in the mail yesterday. Between all payments made over three years and buyout, it equated to a 19% discount from MSRP on a car now with 16k miles...seemed quite a good deal. Never spoke to a dealer, no inspection...100% online transaction with BMW. Also my first lease and the selling dealer 3 years ago was in another state.
Was this in September? I feel like their incentives and pricings are based on monthly offerings.
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      10-21-2020, 03:58 PM   #8
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Was this in September? I feel like their incentives and pricings are based on monthly offerings.
Yes, in September.
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