04-10-2015, 02:35 PM | #199 |
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04-10-2015, 03:43 PM | #200 |
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lets say after 36 months you decide to keep the vehicle.
does the residual become the finance? also how about if you want to lease it for 1 more year before making that decision ? does that ever get offered? |
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04-10-2015, 04:23 PM | #201 | |
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I have seen other members extend there lease, but BMWFS must approve. Most times i see it happen when an ordered car still needs to come in.
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04-12-2015, 03:23 PM | #202 |
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Great post OP - thanks!
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04-18-2015, 02:05 AM | #203 | |
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Thanks |
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04-18-2015, 02:17 AM | #204 | |
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04-18-2015, 07:56 AM | #205 |
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You can ask. Most will tell but not legally bound. Plus, invoice information is readily available here/on the net.
Also, regarding the MSD's, each SD is the monthly payment rounded to the $50 mark. So, if your monthly is $790, each SD would be $800. 7 SD's = $5600 in my example. MSD's is money well "invested." Last edited by dme330i; 04-18-2015 at 07:22 PM.. |
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04-18-2015, 01:02 PM | #206 |
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You're welcome to ask. Dealers do not have to legally disclose invoice pricing. Keep in mind, the invoice pricing that is discussed on this forum and available around the Internet is not necessarily what a dealer pays for the car.
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04-18-2015, 05:28 PM | #207 | |
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04-18-2015, 05:30 PM | #208 |
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Thank you very much. The invoice is only based on the base price right? Not the final MSRP.Since everyone adds different options for his/her likes & needs.
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04-18-2015, 06:34 PM | #209 | |
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If you configure an M3/4 on True Car, it will give you the MSRP and invoice pricing. That invoice pricing is accurate. Many people have been able to secure deals that are only about $1,000 above invoice pricing. |
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04-18-2015, 06:46 PM | #210 | |
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Someone correct me if I'm wrong.
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04-18-2015, 07:21 PM | #211 | |
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Also, I've done MSD's 3 times now. I typically get my MSD's back within 3-4 weeks after the lease has terminated. |
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04-18-2015, 07:42 PM | #212 |
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Thanks for confirming.
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04-18-2015, 07:55 PM | #213 | |
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dme330i Thank you. Since i plan to be with BMW for a long long time (just like it many folds over an AUDI or A Merc) and LEASE ONLY , Is it a good thing to do the MSDs to keep APR low? |
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04-18-2015, 07:58 PM | #214 | |
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04-18-2015, 08:35 PM | #215 | |
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04-18-2015, 08:37 PM | #216 | |
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04-23-2015, 06:56 PM | #217 |
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Thanks Onerib. Awesome post. I'm in my first lease ever. You said that the car can pretty much be sold to anybody (I'm assuming non-BMW dealer as well). So, I talked to a dealer, who wants me to make a deal on on of their vehicles. They wanted to know my payoff, my monthlys, my mileage, time left.
Here's my real world numbers followed by a couple questions. I called BMWFS, and my payoff on my 2014 228i is 36,800. The MSRP, including the $950 destination charge, came to $41,600. I've made 10 out of 36 payments I think. Also researched trade in values on KBB and the car was only coming at about $31k. I only have a little over 5,000 miles though if that makes a difference. So, here are my questions. Does this mean that for anyone, including a dealer, to buy my car, BMWFS has to get $36,800 in their hands? Assuming, for sake of argument, that dealer only wants to give me $31k, I suppose that means that I need to come up with another $5,800? On the other end of possible scenarios, is this $36,800 number a good thing if I were to see the lease to the end. Obviously, in 2 more years, there will be more depreciation, but it seems that the high buyout number at this point would mean it's worth more at the end. I could be completely wrong in my understanding of this point though. I had suggested to the dealer I wait until I build more equity, but how can I build more equity if the car is constantly depreciating? If I truly wanted to get a different car (btw, I'm very happy with my Bimmer, but just exploring options), would it make more sense to be further into the lease? I apologize for all the questions, but the buyout scenario is extremely confusing to me, and I'm hoping with some real world numbers, you can help me make more sense of this. Thanks for any replies in advance. Loving this thread. |
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04-23-2015, 08:28 PM | #218 | |
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You would do better to swap the lease to someone else and then buy the car you want from the other dealer. Now you can try and negotiate a lower price with BMWFS, but they aren't likely to deal this early into a lease when you are not buying another BMW.
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04-24-2015, 07:06 PM | #220 |
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I'm not sure exactly what you're referring to, but you can still terminate the lease if you want to by "buying" the car or trading it in. I don't believe BMWFS allows you to transfer the lease once you're in the last 6 months, probably because it's simply not worth their time.
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