12-28-2021, 11:41 AM | #23 | |
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If you buy it through a dealer I was told I could not finance it and all payment was due upfront. I'm not sure if you go through BMWFS directly since it charges you full MSRP.
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01-19-2022, 02:58 PM | #24 |
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Does anyone here have any experience with lease buyout and whether there is any difference in working directly with BMW FS or having my local dealer process the lease turn-in and purchase for residual?
I am nervous my dealer is going to play games and charge a bunch of fees - they are already requesting a $200 inspection for them to be able to sell the car to me as a used car. I called BMW FS a week or so ago and they mentioned RefiJet doing the processing of lease buyouts. Anyone have any experience in this area? Thanks! |
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01-19-2022, 07:06 PM | #25 | |
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In the past they used to give out incentives to lower your residual but how things are, I don't think anyone is getting any incentives. The residual is not negotiable with BMW. So whatever is on your contract is what you need to pay (assuming you went through the entire lease period). If you are buying out your car prior to the lease ending, you will save some $$$ from the interest you won't be paying on your last remaining payments. If you are planning to finance it, I don't know how that works as I got them a cashier's check. You also need to stop any automatic payments once you mail out your check. Your BMWFS account will close and you will get docked on your credit score (because you closed an account).
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N1rve
2019 BMW ///M4 - Alpine White | Sakhir Orange/Black Leather | M-DCT | Executive Package | 19" Black 437M Wheels | Carbon Fiber Trim | Sunroof | Active Blind Spot | Heated Steering Wheel | Adaptive M Suspension |
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02-11-2022, 04:31 AM | #26 |
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02-23-2022, 12:49 PM | #27 | |
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there's a great subreddit on this observation
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02-23-2022, 12:55 PM | #28 | |
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