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      12-01-2015, 05:10 PM   #23
Lloyd_Christmas
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Quote:
Originally Posted by dalto View Post
Your lease buyout is based on a percentage of the MSRP. In your case, I believe it will be based on the ED MSRP.

If you want to buy it out early it will be a number higher than what is in your contract. I think you can see it in the BMW portal.
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, 05:20 PM   #24
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I'm on track to go over 36k miles.... she is going back and I'll get a new one in a different color
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      12-01-2015, 05:50 PM   #25
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Quote:
Originally Posted by Lloyd_Christmas View Post
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?
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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      12-01-2015, 09:21 PM   #27
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Likely return it. The residual value will be around $45.5k.
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      12-02-2015, 11:00 PM   #28
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Quote:
Originally Posted by lfcorrea View Post
I just got my '16 F80 redelivered to me after an ED. Initially was thinking of just leasing and jumping into another lease in 3 years.

I had a change of heart, and by no means is the right way to do this...
Contacted PenFed and got their balloon payment financing (final payment due in 36 months). I will therefore pay off the lease and start paying PenFed.

Now, what was the benefit of doing it that way? My monthly payments went up $7, however my residual or final payment in the end will be almost 9k LESS than with the BMW lease. About 37k after 36 months.

I think the car will be worth more at that point. However I will likely keep it for another 1-2 years after that.
This is very interesting. Can you please elaborate a little more on the details and how this works? Excuse my ignorance.
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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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Quote:
Originally Posted by humbertin0 View Post
This is very interesting. Can you please elaborate a little more on the details and how this works? Excuse my ignorance.
No worries! I first heard about it in this forum also.

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.


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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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Quote:
Originally Posted by mercedesc63 View Post
Why would anybody who leased the car for the monthly payments x months, buy it out??
Don't seem to understand your question... Want to elaborate?
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      12-03-2015, 01:41 PM   #39
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im trading it in for another lease, possibly something even more fun...
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      12-03-2015, 02:15 PM   #40
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Quote:
Originally Posted by chillindrdude View Post
Definitely not keeping it. Either pull forward into the next gen M3 or walk and get a GT3 RS
Why?

Next-gen M3 won't be out when you're lease is up.
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      12-03-2015, 05:17 PM   #41
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Quote:
Originally Posted by mercedesc63 View Post
Why would anybody who leased the car for usually well over 23k total and 30,000 miles on average buy it out??
If you put in well over $25K+ into the car, it would make sense to buy it out.

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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Quote:
Originally Posted by Salespunk
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.
How do you manage that without being in the hole from every car?
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      12-04-2015, 12:46 AM   #43
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Quote:
Originally Posted by DS_BMW View Post
How do you manage that without being in the hole from every car?
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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Quote:
Originally Posted by Salespunk View Post
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.
not exactly true- i leased an m3, drove it and sold it- made money
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