Quote:
Originally Posted by ksterry
Hi Dan,
I have a 2020 BMW M4 (F82)MY 2020 that lease ends December 6th. The car is in perfect condition and only has 15K miles. We reached out to the dealer to see what our options were for getting a new M4 and they told us it could be up to a year to get the car and they are not offering any discount off MSRP.
We're not really sure what to do as we've always just turned in the old car at the end of the lease and usually got a new one by ordering a few months ahead of time. I just checked and the residual payoff is $45,825 in December. I assume the car is worth more than that in this market. What do you suggest we do?
BTW, the car is garage kept and hardly driven. It has the competition package, white exterior, black interior plus we added a rear spoiler, carbon fiber rear diffuser, front lip spoiler, carbon fiber front splitter kit and performance steering wheel.
Thanks for your help.
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MSRP for an M4 build is actually really good in today's market!
If you like the car, I would advise extending out your current lease especially if the payment is low.
If you want to sell the car, there are ways to do with without having to buy it, pay tax, and then resell it. Typically, you can sell it to a dealer who has a bmw dealership within their group/network of dealerships. Wholesalers are also able to pay off BMWFS contracts if they have a good relationship with a BMW dealer.
I can't remember TX sales tax laws, but if you are able to get sales tax credit even on lease trade-ins, it may be best to try to get the equity out of the BMW dealer you are buying the new M4 from.
Hope that helps a little. Feel free to PM me if things come up in your process!