07-07-2019, 05:20 PM | #1 |
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2017 M4 Lease End help
Hello,
My M4 is two months away from lease end. It's in immaculate condition and has only 23k miles on it. Due to a job change I didn't drive it as much I originally planned so I am falling very short on my 45k lease mileage. KBB shows a trade in value of $46k (average) and BMW shows my residual at $41k. What options do I have other than returning the car and getting tiny credit for low mileage. Thank you all in advance! |
07-07-2019, 06:13 PM | #2 | |
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MadBeamer67.50 |
07-08-2019, 10:20 AM | #3 | |
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07-08-2019, 11:13 AM | #4 | |
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Go around and ask dealers for a trade in value a month before you trade it in so you have an idea of the actual price.
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07-09-2019, 04:54 PM | #5 |
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Go to Carmax and see what they offer. They have surprised me in the past. I'm wondering though, how much is the miles credit?
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07-13-2019, 03:43 AM | #7 |
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The miles credit is completely ridiculous at $300. We just returned my wife's 340 in a couple months back with 15000 "extra" miles. That's all they give.
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07-14-2019, 08:06 PM | #9 | |
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07-14-2019, 08:45 PM | #10 | ||
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07-19-2019, 07:32 PM | #12 | |
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Unless you absolutely love your car try how much you can actually make some money since your market value of the car is well above the residual. I would love to be in your shoes |
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MadBeamer67.50 |
08-06-2019, 11:36 AM | #14 |
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Do anyone know if Carmax can handle the entire closing if the deal? Like do I have to pay and buy it out before they can? I thought only I was able to buy the car at the end...
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08-06-2019, 11:43 AM | #16 | |
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It's really simple, all you have to do is upload some photos onto their website and they send you a quote - you either accept or not and if you don't, they don't bother you again. If you accept, they fedex you paperwork and you send it back. Then they send a tow truck to take your car within a week or so. I've sold an Audi s3 and my brother sold an ml350 and he got $5k back. |
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MadBeamer67.50 |
08-06-2019, 11:46 AM | #17 |
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FYI, the miles credit maxes out at $300 and is only good if you enter into a new contract with BMWFS. Regardless of miles, if you enter a new lease they will also waive the $350 disposition fee.
I'm in the same boat. My lease is up in 2 weeks, and I'm 15K under miles.
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08-07-2019, 08:20 PM | #18 |
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I am at the point of either Carmax or buy it. Leaning to buy it as I don't have another car that I like enough to pay more $. My only concern is reliability. It's been great but great is because I had two wried issues taken care of by warranty.
1. My AC stopped working at around 15k miles. They said they replaced the compressor , I didn't pay much attention since I had no plan to keep it beyond the lease at that point 2. At 20k my front strut (left) started making a loud clank under braking and they had to replace it So... it's not even been completely bulletproof .. I am a little worried buying it out and keeping it long term |
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08-08-2019, 08:35 AM | #19 | |
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08-08-2019, 11:20 AM | #20 | |
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I had the following replaced: 1) Rocker Arms was scaring camshafts (Engine Needed to be dropped) 2) AVCS sensor oil leak (Engine needed to be dropped) 3) Camshaft, Sprocket, and ECU replacement due to CEL and jump in timing (Engine needed to be dropped) 4) ABS Actuator Failure (loss of ABS Brake and car would not start) 5) Driver window alignment arms replaced due to scratching of Driver Window 6) Driver Window replaced due to scratch 7) ECU needed reflash - Idle dropped to below 500 and caused stalling problems (Car was automatic) 8) Replaced the battery 3 times within 5 years This was a Scion FR-S made by Subaru. POS....
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08-08-2019, 04:24 PM | #21 | ||
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4cfd bmr44.00 |
08-08-2019, 05:27 PM | #22 |
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LOL. We will see what happens with the M4....
But yup, terrible build quality on Toyota/Subaru's part!
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