[umairriamu]

Howdy. I have a few questions regarding extending my M3CS lease and am wondering if anyone has been in a similar situation.

Details: I am currently leasing a 2018 M3CS with a maturity date of March 10, 2021. The car was originally leased in March 2019 for a 2 year, 24k mile lease with maintenance included (this is important and I'll explain why below). I was able to snag this at a pretty good rate and I really enjoy the car, so I am hoping to extend this lease until I'm ready to jump into something new. I'm also currently under mileage cap at ~20k.

From my conversations with BMW FS, they have informed me that I can do a 2 month extension, while keeping my existing monthly payment and monthly mileage allotment (1k). While that is enticing, registration is also coming due on March 11, 2021 and paying ~$900 to register the car for 2 months doesn't seem worth it. In order to be eligible for the max lease extension of 6 months, I'd need to submit an allocation number to BMW FS, which I have no issue putting a refundable deposit down for. The only issue is that the quote time for a G80 M3 is 10 weeks (according to my dealership) and upon delivery of the new car, the CS will need to be turned in.

Question #1. Has anyone had success extending their lease for the full 6 months and what was that process like with an allocation?

Which brings me to question #2:
As previously mentioned, the maintenance warranty was purchased in March 2019 when the car was leased. When speaking with BMW FS, they mentioned that the maintenance warranty will expire upon lease maturity date of March 10, 2021. However, my dealership is saying that the maintenance warranty is 3 years or 36,000 miles from date of purchase, which would mean that it's valid until March 2022.
Who is correct here?


Side note: after the 6 month extension the buyout of the car should be ~65k. I will not be buying the car out, so instead of the car going to auction I'd prefer for it to go to a fellow forum member. If anyone is interested in a CS around the Sept 2021 time frame, feel free to reach out.

Damn, what a lengthy post. Thank you for reading and for your insight!