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      03-21-2021, 11:15 AM   #1
titan7
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M4 lease end option, sell to 3rd party dealer

So my wife’s 2018 M4 lease is up on 3/24, I took it to CarMax and they offered more than the residual which is good, then did the KBB sell your car thing and got offered quite a bit more which is better. So are there any issues with BMW not selling to the 3rd party dealer? The dealer who is most interested is a local Nissan dealer, odd right? They are telling me to come I tomorrow they want to inspect the car. If in the condition I told them, they will call BMW FS get my residual amount, send them a check and once they get title they will issue a check to me for the between the residual and what they buy the car for. Sounds too easy, lol. Anybody here do this
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      03-25-2021, 06:33 AM   #2
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Quote:
Originally Posted by titan7 View Post
So my wife’s 2018 M4 lease is up on 3/24, I took it to CarMax and they offered more than the residual which is good, then did the KBB sell your car thing and got offered quite a bit more which is better. So are there any issues with BMW not selling to the 3rd party dealer? The dealer who is most interested is a local Nissan dealer, odd right? They are telling me to come I tomorrow they want to inspect the car. If in the condition I told them, they will call BMW FS get my residual amount, send them a check and once they get title they will issue a check to me for the between the residual and what they buy the car for. Sounds too easy, lol. Anybody here do this
I don't see an issue. You can do the same with Vroom, etc. Only thing I'd keep an eye for is them trying to sell you a Nissan as part of the deal. With other services like Vroom as least you know they are just cutting you a check and driving away.

I am surprised you are being offered more so I assume you must have very low miles? On my 2016 F80 that I ended up buying out, I had 48k miles and the values were not in my favor to pull off what you are doing.
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      03-25-2021, 01:43 PM   #3
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Well, just a heads up, I sold it for $50,056, so I made $6k over the residual. Car was in excellent condition with 24K miles. Pretty easy process.
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      03-27-2021, 08:11 PM   #4
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Well, just a heads up, I sold it for $50,056, so I made $6k over the residual. Car was in excellent condition with 24K miles. Pretty easy process.
Did the same with my '18 M3. Auto Nation Nissan dealership offered me 5.5k over buyout. No brainer. Sale price $53.5k
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      04-05-2021, 10:21 PM   #5
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Did the same with my '18 M3. Auto Nation Nissan dealership offered me 5.5k over buyout. No brainer. Sale price $53.5k
Selling to a 3rd party for over the residual only makes sense if you don't intend to keep the car, is that right? Like you basically made $5.5k over buyout?
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      04-06-2021, 11:46 AM   #6
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Did the same with my '18 M3. Auto Nation Nissan dealership offered me 5.5k over buyout. No brainer. Sale price $53.5k
Selling to a 3rd party for over the residual only makes sense if you don't intend to keep the car, is that right? Like you basically made $5.5k over buyout?
Right I was going to turn it in at lease end. So I made some money on it and saved any lease end fees (tires, etc.)
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      04-26-2021, 11:17 AM   #7
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My lease ended on 4/14 but I extended it out to June. You guys are giving me the itch to cash in...

Mine's a 2018 ZCP w/ 32K mi. Residual is around ~$48K.
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      04-26-2021, 12:40 PM   #8
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KBB is offering $53,600..hmm
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      04-29-2021, 12:44 AM   #9
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Just did this last month with my '18 Yas F80

Was 13k miles over my contracted miles (would've paid around $3900 in overage fee). Residual was 47.5k. CarMax offered 47k.
Did the KBB thing, AutoNation Toyota offered 48k, haggled up to 49k, which I accepted.

Went from -$3.9k to +$1.5k
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      04-29-2021, 08:03 AM   #10
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Quote:
Originally Posted by Inferi View Post
Just did this last month with my '18 Yas F80

Was 13k miles over my contracted miles (would've paid around $3900 in overage fee). Residual was 47.5k. CarMax offered 47k.
Did the KBB thing, AutoNation Toyota offered 48k, haggled up to 49k, which I accepted.

Went from -$3.9k to +$1.5k
Nice! Just curious what was the process like? Do you just go in and present the KBB offer and they inspect the car to make sure everything checks out? How did you go about getting more money out of the dealer?
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