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      01-17-2021, 03:12 PM   #1
SikhF80
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Hey guys any advise on Lease buyout. Had the car for 36 months only 22,000 miles. I have 2 months left, interested in keeping the car. Wanted to know if we can negotiate on the buyout price?

My contract states a buyout of $46,500
Taxes would be $4,126

Do you think the dealer would be willing to bring the buyout price down? Wouldve gotten the new m3 awd, but awd doesnt come out till later this year and would rather wait 2 years for any bugs and hoping a refresh for the new model (hate the grill). Thanks in advance
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      01-17-2021, 03:58 PM   #2
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Currently there are no incentives on lease buyout. You either pay what you owe, or return the car. That is a good buyout price, so best to just buy it out.
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      01-17-2021, 11:01 PM   #3
AlterZgo
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I bought out my M3 lease. No regrets. Still enjoy this car even after 6 yrs. Even if you don't want to keep your F80, it wouldn't hurt to go to carvana or carmax to get a quote from them before your lease is up. They may offer you more than the $46,500 buy out and cut you a check for the difference.
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      01-17-2021, 11:07 PM   #4
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Do most people finance the buyout with their own bank or does Bmw offer financing? How are their rates?
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      01-18-2021, 07:35 AM   #5
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Quote:
Originally Posted by White340 View Post
Do most people finance the buyout with their own bank or does Bmw offer financing? How are their rates?
Pretty sure you can apply to finance through BMW right on the website. BMWFS usually has very competitive rates IMO.

Best I have seen recently is 2.3% for 60 through my local credit union.
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      01-18-2021, 07:50 AM   #6
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Quote:
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Quote:
Originally Posted by White340 View Post
Do most people finance the buyout with their own bank or does Bmw offer financing? How are their rates?
Pretty sure you can apply to finance through BMW right on the website. BMWFS usually has very competitive rates IMO.

Best I have seen recently is 2.3% for 60 through my local credit union.
That's a great rate.
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      01-18-2021, 11:43 AM   #7
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That's a great rate.
Yep.. essentially free money if you invest the cash.
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      01-18-2021, 11:47 AM   #8
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Quote:
Originally Posted by dmk08 View Post
Quote:
Originally Posted by White340 View Post
That's a great rate.
Yep.. essentially free money if you invest the cash.
Yeah, will invest in an s&p 500 index fund. We all know that past returns are indicative of future performance.
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      01-18-2021, 11:50 AM   #9
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If you bring a pre-approved rate from a bank, the dealer will almost certainly try to beat it providing your credit score is top notch. Always done this, and have always had it beaten - surprising how quickly dealers will drop below 2%
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      01-18-2021, 03:19 PM   #10
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Don't think they will negotiate the buyout. If you are undermiles do not think about returning the car without checking what other car dealers are offering like carvana and carmax.
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      01-18-2021, 07:22 PM   #11
SikhF80
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Thank you everyone this has been great infi
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      01-19-2021, 08:56 PM   #12
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last month BMW was offering 1.49% on a 60 year for a 2018 CPO. I bought mine 2018 f80 on 12/31 used 1.99% for 60 mo from a non- bmw dealer. my pre approved rate was 2.24% from BOA
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      01-20-2021, 10:48 AM   #13
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The purchase discount last year ($6K) due to the pandemic was reason enough to do a lease buyout.

OP - Shopping around at local FCU's can net you some low rates as well.
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      01-21-2021, 11:44 AM   #14
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Quote:
Originally Posted by SikhF80 View Post
Hey guys any advise on Lease buyout. Had the car for 36 months only 22,000 miles. I have 2 months left, interested in keeping the car. Wanted to know if we can negotiate on the buyout price?

My contract states a buyout of $46,500
Taxes would be $4,126

Do you think the dealer would be willing to bring the buyout price down? Wouldve gotten the new m3 awd, but awd doesnt come out till later this year and would rather wait 2 years for any bugs and hoping a refresh for the new model (hate the grill). Thanks in advance
Some people were able to get something off the residual prior to COVID pandemic situation. They called BMWFS and asked and some got like $500 off.

IMO - If you invest in the market, see your returns and the performance of your investments. If they are just tanking right now, I would probably pay off the 50K in one lumpsum, skip the interest that you need to pay off in addition. Don't forget that your lease payments had interest as well. So you'll be paying double interest, interest on the lease and interest on the residual so the total price of the car will jump even higher.

If you don't invest in the market and have safe investments like a CD/Money Market FDIC backed things, the interest is like 0.1% or something like that which is basically like 2 dollars a month.

If your YTD gains are consistently going up and bought good stocks that paid off like (Costco, Tesla,etc) then I would take the loan at 2% or whatever and invest more into the market.

I know some people will disagree with me and will say its heresy to pay off 50K in cash but I look at total cost of I am paying for a car plus what are my other options to get a return.
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      01-28-2021, 02:17 PM   #15
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Quote:
Originally Posted by SikhF80 View Post
Hey guys any advise on Lease buyout. Had the car for 36 months only 22,000 miles. I have 2 months left, interested in keeping the car. Wanted to know if we can negotiate on the buyout price?

My contract states a buyout of $46,500
Taxes would be $4,126

Do you think the dealer would be willing to bring the buyout price down? Wouldve gotten the new m3 awd, but awd doesnt come out till later this year and would rather wait 2 years for any bugs and hoping a refresh for the new model (hate the grill). Thanks in advance
I'm in the same boat. Lease ends in June , buyout is around 46,800. Payoff right now is 52600 and offers I've gotten from caravana and vroom have been $50-51k.

Haven't gone to carmax yet but will probably try at some point.

Would be great to get rid of it and make some $ or at the very least avoid any turn in fees. ( need new tires)
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      02-02-2021, 06:11 PM   #16
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I went through this last month, missed the buyout discount back in Aug/Sept of last year. I asked them a few times and zero discount (I actually saw the discount but didn't realize it's a limited time offer).

I also ask two dealers (my local one, and also one in southern CA) and they both say no farther discount available.

At least in my state, BMWFS didn't collect sales tax, I have to pay it to my local DMV after I get the title and to put in under my name.
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      02-09-2021, 11:14 AM   #17
SikhF80
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So BMW financial is offering
60 months 2.74%. I do not need to get the car certified to get this rate its all done over the phone.

However, as mentioned above, my dealer is saying if I pay to get the car cpod it extends warranty for one year. I have to pay $2900 for this and rate would be and 2.49%


Used car finance without CPO is 3.49%

What do you guys think I should do. Would a bank give me a lower rate? Any recommendations for bank
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      02-09-2021, 02:36 PM   #18
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Where do you bank? Call them, ask them what rate they are offering. Check credit unions. Take the initiative if you want to save your hard earned money.

With regards to CPO warranty, get it:

-If you think you will have peace of mind. And/or if you think the car may need expensive warranty repairs.
-If you do not have a mechanic/workshop you deal with that fixes your car.
-If you think you will sell the car within the CPO period, your resale value may recoup the cost.
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      02-09-2021, 05:52 PM   #19
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Where do you bank? Call them, ask them what rate they are offering. Check credit unions. Take the initiative if you want to save your hard earned money.

With regards to CPO warranty, get it:

-If you think you will have peace of mind. And/or if you think the car may need expensive warranty repairs.
-If you do not have a mechanic/workshop you deal with that fixes your car.
-If you think you will sell the car within the CPO period, your resale value may recoup the cost.
Would not CPO when buying out your lease. I don't know why this is a recommended thing when you can just buy out your lease with an extended warranty from BMW.

Yes, you can just buy BMW Plat/Gold/Powertrain without paying the 2~3K fee to "CPO" the car. If you want to extend the warranty after CPO for more than 1 year, you still need to pay the few thousand dollars to get year 6 and year 7 covered.

Only difference is that the "CPO" gives you unlimited mileage.

TL;DR - Save your money on the CPO and jump straight into a normal BMW Extended Warranty.
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      02-10-2021, 12:59 PM   #20
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In the process of this with BMW. Very easy so far. As far as a warranty, my car, 2018, still is protected until 2022 by BMW with no extra charges for that coverage.
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