Buy it or turn it in? Advice needed. (pic added)

[khoa@x-ph.com]

Originally Posted by heckyeahbro69

I sold my '15 m4 to carmax after a year and they gave me 6k after paying it off, then I traded in my '16 m3 to the dealer at lease end and got 3k back.

Nice!! Did you put any down payment when you got your 15 and 16 M's?

[bsmf8x]

Originally Posted by Wmf80

Chances are you were paying a lot per month or crazy downpayment. Share that info please. As you overpaid for your M and now you can regain some of that back.

Your deal depends on the discount off MSRP. Residual is constant, based off the month but virtually the same thing usually hovers between 58-60%.

[heckyeahbro69]

Originally Posted by khoa@x-ph.com

Nice!! Did you put any down payment when you got your 15 and 16 M's?

$0 and $500

[Wmf80]

Originally Posted by InTheseUncertainTimes

Residual value is based off MSRP. how do you presume to know what he negotiated the selling price to be and what incentives he got. Chances are you don’t know anything about leasing.

False I know a thing or two. I own my vehicles but explain. So if his vehicle is let’s say 70k after all incentives/rebates and the buyout is 43k. Isn’t that 27k difference paid over the lease term as payments and initial downpayments ?

[LVI]

Originally Posted by Wmf80

False I know a thing or two. I own my vehicles but explain. So if his vehicle is let’s say 70k after all incentives/rebates and the buyout is 43k. Isn’t that 27k difference paid over the lease term as payments and initial downpayments ?

He was right - you’re clueless. Residual is based off of msrp. You don’t know what deal he got or what he paid.