Increased lease buyout discount from BMWFS

[fivemegabytes]

My 2018 M4 lease end is coming up in less than 90 days, so had been keeping an eye on the payoff. This whole time the "Customer Purchase Promotion" discount used to be $800, similar to what most forum members have reported before, but this week the discount has jumped up to 3k. Most likely due to the pandemic.

Was already considering buying out at lease end but this sweetens the deal some more. Especially compelling after looking at the used pricing thread where you definitely don't see a 2018 ZCP for 41k.

Good time to buy if you are in similar shoes.

Separately, does anyone know if you can finance directly through BMW FS for lease buyout. So far I've been led to believe I can't and my options are either cutting FS a check or going through the dealer to finance or find another bank I suppose.

[ff1600]

Where did you get that promotion detail? I just check my buyout page and there is no mention of any promotion.

[guess2098]

Thank you for your info, I want to know where you see it, I am purchase my vehicle too

[fivemegabytes]

Originally Posted by ff1600

Where did you get that promotion detail? I just check my buyout page and there is no mention of any promotion.

On the BMW FS account page, hit "Get payoff documents" which will download a PDF with details. If it applies to you, you'll see a row with this amount in payoff amount breakdown on page 3.

[ff1600]

Thanks for the reply.
I checked mine and there is no mention of a discount. My lease expires in August.

[f80er]

Post a pic OP lets see the discount.

[guess2098]

just remember it and go check, yes it is 3000 off

[Mar48]

Would this only impact those leases that expire in the near future? If I was looking for a car whose lease is up in 12 months, if I do the buyout now I wouldn’t get any discount right?

[f80er]

Originally Posted by Mar48

Would this only impact those leases that expire in the near future? If I was looking for a car whose lease is up in 12 months, if I do the buyout now I wouldn't get any discount right?

I would think so but imagine it will apply down the road when we really start to see the fallout from all of this.

[ff1600]

BMWFS is now offering me a $5500 payoff discount. August 25 end of lease date.

Payoff Amount
This payoff is good through May 22, 2020.
Balance $48,355.80
- Customer Purchase Promotion $5,500.00
+ Sales / Use Tax $0.00
+ Outstanding Late Charges $0.00
+ Other Outstanding Charges $0.00
= Total Lease Payoff $42,855.80
- Security Deposit $0.00
= Net Payoff $42,855.80

With only 18k miles driven so far I think I will accept it. Besides there is nothing else I would rather be driving (hopefully, eventually.)

[f80er]

Smoking deal if you ask me.

[WESTCOASTTRADING]

BMWFS offered my friend's M3 for 6k off from his lease end buyout

[trendy26]

Hopefully this trend continues. I would love to buy my M4CS at lease end at a decent discount

[guess2098]

Originally Posted by ff1600

BMWFS is now offering me a $5500 payoff discount. August 25 end of lease date.

Payoff Amount
This payoff is good through May 22, 2020.
Balance $48,355.80
- Customer Purchase Promotion $5,500.00
+ Sales / Use Tax $0.00
+ Outstanding Late Charges $0.00
+ Other Outstanding Charges $0.00
= Total Lease Payoff $42,855.80
- Security Deposit $0.00
= Net Payoff $42,855.80

With only 18k miles driven so far I think I will accept it. Besides there is nothing else I would rather be driving (hopefully, eventually.)

did you call in and ask or its show on your buy out option? i am going to dealer to get a deal next week but only show 3k discount

[ChuMpion3]

Does anyone know if this just on M cars? I wonder if COVID is delaying the new M3 and this is a way to keep people in the brand.

[ff1600]

Originally Posted by guess2098

did you call in and ask or its show on your buy out option? i am going to dealer to get a deal next week but only show 3k discount

I didn't call. The discount was on the buyout quote from the mybmw web page.

I did call about finance through BMW but their rates were not competitive. Local credit union had the best rates. Didn't talk to the dealer, either.

[guess2098]

Originally Posted by ff1600

I didn't call. The discount was on the buyout quote from the mybmw web page.

I did call about finance through BMW but their rates were not competitive. Local credit union had the best rates. Didn't talk to the dealer, either.

They offer 3.19 I think it's ok , I made another payment just now but still 3000 off haha

[damageprone]

Originally Posted by ChuMpion3

Does anyone know if this just on M cars? I wonder if COVID is delaying the new M3 and this is a way to keep people in the brand.

Saw some other threads for other models. Not M specific.

[guess2098]

so i just spoke to them a min ago, the current buy out discount for 2018 m4cp is 3000 off. there is nothing they can change. he does asking if i can provide the last 7 vin if someone else receives more discount, they can take a look and match if its the same year and model. every month is different so just keep checking.

[fivemegabytes]

Originally Posted by guess2098

so i just spoke to them a min ago, the current buy out discount for 2018 m4cp is 3000 off. there is nothing they can change. he does asking if i can provide the last 7 vin if someone else receives more discount, they can take a look and match if its the same year and model. every month is different so just keep checking.

Yeah that matches what I've seen so far. The discount is pre-determined for a given car and MY and only appears in the last few months of your lease. (i'm guessing last 60 or 90 days?). Notably, 3 series usually gets more discount than the 4 series (irrespective of M or not).

[fivemegabytes]

Originally Posted by f80er

Post a pic OP lets see the discount.

My account shows 3k off for 2018 M4 ZCP. (Attached)

At this point, we also know that while 2018 4 series gets 3000 off, the 2018 3 series gets 5500 off. And a post on another forum shared that 2018 5 series/M5 gets 7500 off. So it's basically predetermined depending on model and year, no room to negotiate, but does seem to get us a pretty sweet deal compared to market rate of similar used cars.

[damageprone]

When are all of your leases up? My buddy who has his coming off in November doesn't see these discounts.