How do I buy out my car at the end of my lease?

hirev · 03-18-2019, 01:23 PM

I want to buy my car. Anyone have experience with this? Is it in any way negotiable or do you just take what they say? And what happens to the lease deposit? Do I get that back separately?

TurboSid · 03-18-2019, 01:29 PM

interested in answers as well

coldsteelrain · 03-18-2019, 02:34 PM

Just sent a payment for mine out last week.
They don't offer anything I asked. Well at least nothing to me. I had 6 months left on lease, they added that on the residual and taxes and 15$ overnight title fee.

hirev · 03-18-2019, 03:18 PM

interesting, i called bmw, they offer one price for a month then a lesser price as i will make the last payment, the incentive for "loyalty" is $800 included, and that can go up, so i will wait a month. market dictates the buyout plus whatever residual they determine at time of lease...and minus the large deposit i gave them. then you take the certificate of title to dmv and pay taxes, in calif it is 10%. they charge no fee for the buyout.

I am seeing around SF bay area prices for my car plus or minus a feature or two for $10,000 more than I will pay. I have a great, clean, adult driven car with 24-25,000 miles , color of choice, options of choice, so it's makes good sense. Cars are head and heart for me, this one more heart. No hiccups for
three years, only bought two tires, that's it...and it's stock, and very very clean. Yes voice recognition is spotty, so what?

sure the car will nose dive when the new ones come out, and I have one more year of free service and warranty and plenty of miles left....so it's a good deal being the car i wanted back in 2016 and the car i want now!

03-18-2019, 01:23 PM	#1
hirev Enlisted Member 6 Rep 35 Posts Drives: 2016 m3 yas marina manual Join Date: Apr 2018 Location: sf bay area iTrader: (0)	How do I buy out my car at the end of my lease? I want to buy my car. Anyone have experience with this? Is it in any way negotiable or do you just take what they say? And what happens to the lease deposit? Do I get that back separately?
	Appreciate 0 Tweet Quote

03-18-2019, 01:29 PM	#2
TurboSid Brigadier General 1110 Rep 3,262 Posts Drives: 2022 M4Cx BSM/FR Join Date: Apr 2008 Location: Florida iTrader: (4) Garage List 2008 335i [0.00]	interested in answers as well __________________ 2022 BSM/FR M4 Competition X-Drive 2017 MW/SO M4 ZCP [SOLD] • 2015 MW/SO M4 M-DCT FBO [SOLD] • 2011 AW/CR 335is DCT FBO [SOLD] • 2008 AW/CR 335i 6MT FBO [SOLD]
	Appreciate 0 Quote

03-18-2019, 02:34 PM	#3
coldsteelrain driver 816 Rep 777 Posts Drives: G80 xdrive Join Date: May 2018 Location: NJ iTrader: (4)	Just sent a payment for mine out last week. They don't offer anything I asked. Well at least nothing to me. I had 6 months left on lease, they added that on the residual and taxes and 15$ overnight title fee.
	Appreciate 0 Quote

03-18-2019, 03:18 PM	#4
hirev Enlisted Member 6 Rep 35 Posts Drives: 2016 m3 yas marina manual Join Date: Apr 2018 Location: sf bay area iTrader: (0)	interesting, i called bmw, they offer one price for a month then a lesser price as i will make the last payment, the incentive for "loyalty" is $800 included, and that can go up, so i will wait a month. market dictates the buyout plus whatever residual they determine at time of lease...and minus the large deposit i gave them. then you take the certificate of title to dmv and pay taxes, in calif it is 10%. they charge no fee for the buyout. I am seeing around SF bay area prices for my car plus or minus a feature or two for $10,000 more than I will pay. I have a great, clean, adult driven car with 24-25,000 miles , color of choice, options of choice, so it's makes good sense. Cars are head and heart for me, this one more heart. No hiccups for three years, only bought two tires, that's it...and it's stock, and very very clean. Yes voice recognition is spotty, so what? sure the car will nose dive when the new ones come out, and I have one more year of free service and warranty and plenty of miles left....so it's a good deal being the car i wanted back in 2016 and the car i want now!
	Appreciate 0 Quote