[LMK5]

I'm flirting with buying my leased 2017 330i that I custom ordered. The problem is that the buyout price is over 30k and I'm convinced that similar CPOs can be had for about 25-26k. Does anyone know what, if any, discount can be negotiated off the buyout price, or does it always make sense to return the car and then buy a similar CPO to get the savings?

[RMachuca3d]

Its on the contract, it cannot be changed. What you can arrange if you know your SA\salesman well is to return it and have them sell it back to you after.

[LMK5]

Originally Posted by RMachuca3d

Its on the contract, it cannot be changed. What you can arrange if you know your SA\salesman well is to return it and have them sell it back to you after.

I figured that, but I have heard of people negotiating a discount off the contract price. I'm a little curious as to how BMW concludes that it's better to take back a car and sell it for 5k less than the contract price in addition to the CPO costs, rather than negotiate a price with the person already driving the car. They also don't have to provide the CPO warranty in the latter case.

[Blubaron79]

There was a story two months back on here of a member being offered 6k off his lease return.

Only because during the pandemic there was a glut of used cars.

[tturedraider]

Originally Posted by RMachuca3d

Its on the contract, it cannot be changed. What you can arrange if you know your SA\salesman well is to return it and have them sell it back to you after.

This used to be true. No longer. BMWFS has cracked down on dealers doing this. It is now prohibited. It is, in fact, quite likely that BMWFS will offer a pretty substantial discount off the contracted residual value.

There is a poster on the G20 forum right now who reports she has an offer from BMWFS of $6,000 off the residual to buy her F30.

[Pauloxxi]

Do comparos with other 2017 CPO price and show them the contract price is too much. I got a 2017 CPO, with 29,000 miles in late February for $25,000. I'm not sure how loaded is your car, but a simple search should confirm they are asking too much.

[LMK5]

Originally Posted by tturedraider

This used to be true. No longer. BMWFS has cracked down on dealers doing this. It is now prohibited. It is, in fact, quite likely that BMWFS will offer a pretty substantial discount off the contracted residual value.

There is a poster on the G20 forum right now who reports she has an offer from BMWFS of $6,000 off the residual to buy her F30.

Thanks for the great info. Was the offer unsolicited?

[BEM-S4]

Originally Posted by LMK5

Thanks for the great info. Was the offer unsolicited?

There's no longer any magic to any of this. Within 90 days of lease end your dealer can contact BMW and get the payoff info, it will be the same for any dealer. I got $6K off my F31 when I bought it out Feb 2019 for reference. At the same time you do the buyout you can have the dealer CPO the car for you. If financing through BMWFS adding maintenance can buy down your rate to the point that the maintenance is free.

[LMK5]

Originally Posted by Pauloxxi

Do comparos with other 2017 CPO price and show them the contract price is too much. I got a 2017 CPO, with 29,000 miles in late February for $25,000. I'm not sure how loaded is your car, but a simple search should confirm they are asking too much.

My MSRP was $49520. What was the MSRP on your CPO car?

[LMK5]

Originally Posted by BEM-S4

There's no longer any magic to any of this. Within 90 days of lease end your dealer can contact BMW and get the payoff info, it will be the same for any dealer. I got $6K off my F31 when I bought it out Feb 2019 for reference. At the same time you do the buyout you can have the dealer CPO the car for you. If financing through BMWFS adding maintenance can buy down your rate to the point that the maintenance is free.

Did you request that your dealer get the buyout info. or did they do it on their own?

What did it cost to CPO the car?

[BEM-S4]

Originally Posted by LMK5

Did you request that your dealer get the buyout info. or did they do it on their own?

What did it cost to CPO the car?

Your dealer won't do anything on their own, you need to request the information. CPO varies depending on level of coverage, maintenance or not, etc. and the rules change depending on the MY of your car. You need to request that information from your dealer as well.

[Pauloxxi]

Originally Posted by LMK5

My MSRP was $49520. What was the MSRP on your CPO car?

I don't have the original MSRP. Sorry!

[Gen13 F36]

Go to the bmw financial website... click least buyout... maybe they offer you a discount there.

That what other poster here did, including that G20 poster who said 6k discount.

[scottmoyer]

I leased a new Dodge Intrepid back in 1997. In 2000, when the lease was up, a friend wanted to buy the car. I reached out to Chrysler since they held the lease and mentioned that used models were selling for $10k, but my residual was $13,500. They sold me the car for $10k and my friend drove it for many years after.

Not sure if this is still allowed today, but I agree that it makes better financial sense to sell it to the original owner, rather than do the paperwork of the return, CPO and resell at a loss

[LMK5]

I logged into my account this morning and I was surprised to see that my payoff balance is about $5500 less than the original residual value. I have one more payment left at the end of this month.

If I pay off the balance immediately, does that mean I won't have to pay the last payment on August 1st?

[Elvisfan]

Originally Posted by LMK5

I logged into my account this morning and I was surprised to see that my payoff balance is about $5500 less than the original residual value. I have one more payment left at the end of this month.

If I pay off the balance immediately, does that mean I won't have to pay the last payment on August 1st?

I’m going to go out on a limb here. If you pay off the balance. Therefore you no longer owe any money. I’m going to say that you will not have to make that August payment.

[E92Mazing]

Seems lease buyout discounts are already public

[LMK5]

Originally Posted by E92Mazing

Seems lease buyout discounts are already public

Great info. Where did you fine this document? Do you know when the discounts were first initiated?

My discount on my 2017 3-series is about $5700 from what I can tell.