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      08-18-2019, 08:00 PM   #26
Brigadier General
Draper's Avatar

Drives: Macan Turbo
Join Date: Jan 2011
Location: Denver

iTrader: (38)

Originally Posted by paliknight View Post
If you trade it in for another vehicle, they take it as if it was financed. So they'd pay off whatever the buyout is then cut you a check for the rest. Depending on their appraisal.
In most states, you're not paying tax on the residual so there really isn't a tax incentive to trade in vs simple lease turn in.

If your trade in value is above the residual/buyout then you can capture some equity, but this doesn't happen very often with BMW since they tend to lease rather aggressively.
Macan Turbo // Dark Blue Metallic // Sport Design
Gone: F80 M3 ZCP // Sakhir Orange // 6MT
Gone: E70 X5 50i // Space Gray // M Sport
Gone: E90 M3 // Jerez Black // 6MT