Quote:
Originally Posted by boi222
Question on the last paragraph, why would a BMW dealer buy it for over the buy out amount? Don't they get it for less from BMW? Isn't that how they can negotiate the buy out to lower than the residual amount?
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The dealer doesn't own the car when you turn it in BMWFS does and they get to do what they want from it. So if your car is worth more to the dealer than what is owed; they will want to buy it from you. They will get a better deal from you than BMWFS.
It doesn't always work out like this, it depends on the situation. You may be turning in a popular vehicle like an X5 and its got popular options, color, and mileage. If the dealer is short on used X5's, they will be aggressive about getting yours. Sometimes even to the point of asking for it early. If you decide to buy another BMW from them, its a double dip win for the dealer.