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12-01-2015, 05:10 PM | #23 |
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Lease residual values are always based on US MSRP even if you do Euro Delivery. The car is worth what it is worth at the end of 3 years and X miles, why should the buyer's decision to pick up their car in Germany have any bearing on that?
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12-01-2015, 05:50 PM | #25 |
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That is a good deal from a lease payment perspective, might make buying the lease out a little less attractive though.
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12-01-2015, 05:50 PM | #26 |
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My M4 will never make it to the end of the lease. I haven't kept a car longer than 24 months in over 15 years. The only reason I lease is to avoid the sales tax penalty in California when I flip it.
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12-02-2015, 11:00 PM | #28 | |
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12-03-2015, 12:58 AM | #29 |
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I will return mine, do another ED with M3
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12-03-2015, 09:51 AM | #30 | |
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Penfed has a Auto Loan program called "Payment Saver" Loan. In which you borrow the full amount of the vehicle, pay monthly fees anywhere from 12-60 months and at the end of your term there is a final balloon payment. This final payment is calculated from the start and it should reflect the value of the car at the end of that term. For my car it came out to $37,xxx after 36 months. They sent me a check yesterday for the payoff, I signed it and forwarded it to BMW Financial. Now the car should be mine, just financing it, but with smaller payments than regular financing (only $7 more than my lease payment) Here is more info: https://www.penfed.org/Payment-Saver-Auto-Loan/ Hope it helps!
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12-03-2015, 10:13 AM | #31 |
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When my lease is up I'll get the model year M4 unless something else that's better comes along.
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12-03-2015, 10:32 AM | #32 |
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Buying mine out. Put in way too much money into it not to.
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12-03-2015, 11:58 AM | #33 |
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Has anyone ever negotiated the buyout price at end of lease? I know when I had my 5 series lease some time ago I was able to knock off about 5k off the residual at end of lease, although not sure if its possible on an F80.
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12-03-2015, 12:24 PM | #34 |
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Definitely not keeping it. Either pull forward into the next gen M3 or walk and get a GT3 RS
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12-03-2015, 12:38 PM | #35 |
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Not sure. Had NO intention of buying it out initially, but now am leaning heavily towards buying it out. Like most other people here, I am completely in love with this car. But that said...I'm fickle, so I'll probably at least take a look at the new model and see what's different/better.
I have leased several times before, but never even explored the idea of buying out, so I'll also be interested to see if there's any room to negotiate on buyout price. Also wondering what a warranty extension might look like. I am at least a little intimidated by what costs to maintain might look like outside of warranty. Scott |
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12-03-2015, 01:16 PM | #36 |
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thinking of buying out, when leased didnt think so but love it too much to let go
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12-03-2015, 01:17 PM | #37 |
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Why would anybody who leased the car for usually well over 23k total and 30,000 miles on average buy it out??
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12-03-2015, 01:33 PM | #38 |
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12-03-2015, 02:15 PM | #40 |
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12-03-2015, 05:17 PM | #41 | |
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It's my first M car so it has some sentimental value to me. Huracan is next for me |
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12-04-2015, 12:34 AM | #42 | |
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12-04-2015, 12:46 AM | #43 |
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If you switch cars frequently you are going to be in the hole either way. This way you are in a much smaller hole. The trick is to buy right up front to minimize it as much as possible. I will use my old M5 as an example
Purchase Sticker $100K Negotiated price $90K Tax $7500 @8.25% Total $97.5K Lease Sticker $100K Negotiated Price $90K Payment $1100 Tax $90/month Sell after 12 months and you just saved over $6K. Sell after 3 years which is a normal lease term and you saved $3K. Break even on the tax is about 80 months which I doubt most people here keep a car that long. My personal opinion is that buying cars is a losing proposition, leasing just makes it less painful. I have looked at the math a lot and it just doesn't make much sense to buy cars especially BMW's since their leasing is so aggressive. |
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12-04-2015, 11:21 AM | #44 | |
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