Buying car off lease

[Kevin M]

Guys,

My lease expires in 7 months and I'm starting to think about what's next. Leading option now is to buy the car. My buyout is $40K...I will have about 49K miles on it, so 4K over my allowed 45K.

Other than a few scratches, and rock chips, it's perfect.

Are there any strategies or tactics one can take to negotiate a better buy out?

I will also look into aftermarket extended warranties...bmw warranty seems to be a huge rip off and I'm fine with a large deductible.

Thanks

[f80er]

Buyout is the buyout unless the dealer decides to give you a little bit off. Don't know anyone that negotiates a lease buyout price.

[shamshir]

BMW used to negotiate in the past. But in the last few years they been pushing new leases.

[N1rve]

Originally Posted by Kevin M

Guys,

My lease expires in 7 months and I'm starting to think about what's next. Leading option now is to buy the car. My buyout is $40K...I will have about 49K miles on it, so 4K over my allowed 45K.

Other than a few scratches, and rock chips, it's perfect.

Are there any strategies or tactics one can take to negotiate a better buy out?

I will also look into aftermarket extended warranties...bmw warranty seems to be a huge rip off and I'm fine with a large deductible.

Thanks

I believe if you contact BMW Directly, not the dealer, you can get like 500 dollars off. A few people have posted this, but I don't think the dealer can move on the lease buy out price anymore.

[AWE46M3]

about two years ago i was going to purchased my leased M5. Basically your payoff and BMW dealer payoff are two different numbers. You would basically find a local dealer to help you facilitate the purchased and the dealer would make some money in between. Basically they would purchase the car from BMW and sell it back to you. It was at least a good 4k+ saving at that time, but i eventually decided against it since it was still beyond what wholesale was saying its worth.

[///M4ster Yoda]

Originally Posted by AWE46M3

about two years ago i was going to purchased my leased M5. Basically your payoff and BMW dealer payoff are two different numbers. You would basically find a local dealer to help you facilitate the purchased and the dealer would make some money in between. Basically they would purchase the car from BMW and sell it back to you. It was at least a good 4k+ saving at that time, but i eventually decided against it since it was still beyond what wholesale was saying its worth.

This scenario is no longer possible. BMW put a kibosh on this a year or 2 ago.