Opinion on buying out my lease

Mp3Supply · 08-20-2020, 10:28 AM

Quote:

Originally Posted by RickFLM4

Quote:

Originally Posted by Mp3Supply

Where can I find out details about this "buyout discount" people are talking about...

My lease is up in March, I'm on target to hit my mileage accordingly to the plan usage... but does BMW post info about this discount or do I have to login to the portal to see something?

See post 12 for link to another thread.

TY. and shame on me.. missed that. ::thumbs up::

Zed519 · 08-21-2020, 11:36 AM

Quote:

Originally Posted by doug_999

Did you lease that from Patrick in December 2017 by chance????

Yes I did. How did you know?

doug_999 · 08-21-2020, 11:50 AM

Quote:

Originally Posted by Zed519

Yes I did. How did you know?

CAUSE I WENT TO BUY IT AND IT WAS GONE.

Damn you.

I picked up the white one therefore - with full leather

Patrick was a nightmare and would not even return my calls - so I had my dealer in St. Louis trade for it and I had to go to St. Louis to pick it up. And to be clear Patrick is 13 miles from my house.

edit - I talked to the "new" GM a few months later. He was not surprised and said he had made adjustments to his team and those two individuals were no longer there. But seriously, it was the end of the month/year and they would not even return my calls.

Zed519 · 08-22-2020, 05:02 PM

Quote:

Originally Posted by doug_999

CAUSE I WENT TO BUY IT AND IT WAS GONE.

Damn you.

I picked up the white one therefore - with full leather

Patrick was a nightmare and would not even return my calls - so I had my dealer in St. Louis trade for it and I had to go to St. Louis to pick it up. And to be clear Patrick is 13 miles from my house.

edit - I talked to the "new" GM a few months later. He was not surprised and said he had made adjustments to his team and those two individuals were no longer there. But seriously, it was the end of the month/year and they would not even return my calls.

Lol that’s hilarious. I actually ordered this car and it was delivered in October but they screwed up on the full leather. I wanted full leather and I refused to take delivery. I ended up taking delivery a couple months later

on the last day of 2018, I wish I had full leather. My sales guy Gary was a great dude but the dealership wasn’t the easiest to work with but you’re point it was year end.

gemini.m3 · 08-22-2020, 09:10 PM

My residual buyout for my fully loaded 18 m3 zcp with port installed carbon goodies is 50k- if I get a 5k discount next June to bring it down to 45k, it’ll be a no brainer for me with only 7600 miles right now - unless the g80 floors me which is doubtful so far

My feeling is that clean / mint f80s are going to be sought for and having the last model year it was built with the new led lights is really attractive to keep

Not to mention I dropped 6k on a ppf wrap so the paint is mint

aalsayye · 08-26-2020, 04:21 PM

Folks, this is an extremely helpful thread. I am in a similar situation where my 2018 F80 lease is ending by the end of February, I keep thinking whether I should buy (to keep) or get into a G80 or an F90.

I took over the lease from someone back in August of last year (had 18k miles on it), I am now at 25,500 miles and do not drive much but really enjoy it and still look forward to driving it. A few stats below:

- MSRP: ~$81k
- Residual: ~47k (yes, huge drop but thankfully I didn't have to make a DP on it)
- Remaining payments: 6

I already have snow wheels and tires for it (Michigan resident), used them for 1 winter (real good thread on them). I think that a $5,500 buyout discount will make it a no brainer for me as well... Thoughts?

enginediver · 08-26-2020, 06:17 PM

I've been going back and forth the past month or so. I still got till December but my residual is pretty high at 58.5

I'm confused cause the payoff is saying 59.5 now and I still got 4 payments left (maybe 3...) so I guess the discount is already applied?

I've been thinking of the M340 cause the suspension is honestly killing me...it's my daily.

I'm gonna miss her cause she's perfect. Mexico blue, white Merino, and CCBs

RickFLM4 · 08-26-2020, 06:21 PM

Quote:

Originally Posted by enginediver

I've been going back and forth the past month or so. I still got till December but my residual is pretty high at 58.5

I'm confused cause the payoff is saying 59.5 now and I still got 4 payments left (maybe 3...) so I guess the discount is already applied?

I've been thinking of the M340 cause the suspension is honestly killing me...it's my daily.

I'm gonna miss her cause she's perfect. Mexico blue, white Merino, and CCBs

The payoff you see today is as of today. It is always higher before the end of the lease because you still owe payments. It will go down each month until the end. In any event, the buyout quote should include details including residual, incentive (if applicable), remaining unpaid payments, sales tax, etc.

enginediver · 08-26-2020, 06:27 PM

Quote:

Originally Posted by RickFLM4

The payoff you see today is as of today. It is always higher before the end of the lease because you still owe payments. It will go down each month until the end. In any event, the buyout quote should include details including residual, incentive (if applicable), remaining unpaid payments, sales tax, etc.

That's why I'm confused. It's only 1,000 higher than the agreed residual but I still got 4k more to pay...which would make sense if the discount is already applied.

RickFLM4 · 08-26-2020, 06:37 PM

Quote:

Originally Posted by enginediver

That's why I'm confused. It's only 1,000 higher than the agreed residual but I still got 4k more to pay...which would make sense if the discount is already applied.

When you get the buyout quote online it should give you an itemization.

enginediver · 08-26-2020, 06:43 PM

Quote:

Originally Posted by RickFLM4

When you get the buyout quote online it should give you an itemization.

yup..I'm dumb. I never hit the button to get the documents

just saw it. 5.5 discount.

doug_999 · 08-27-2020, 07:00 AM

For those of you planning on the discount next year, it's a gamble.

I'm at a loss as to why BMW is even offering it. Their dealers are desperate for cars and even without the discount, the car is well priced.

I'm actually shocked they are still even doing it!

I suspect they are planning on things getting a lot worse, but chit man, my crystal ball is broken.

Habber · 08-27-2020, 07:28 AM

Can't speak for USA market, but up here in Canada, I've heard from 2 separate dealers in 2 different provinces that sales are at an all time high, especially on used cars which boggles my mind given the current situation (but Canada wasn't hit nearly as hard as the USA was with the pandemic).

That being said, I'm finding dealers are very independent and are not offering rebates that I expected which means for us here in Canada, there clearly won't be decent discounts on the the M3/M4. It might be wiser to hold on to your used one unless the used market offers a premium on what you currently own.

Just my .02c

White340 · 08-27-2020, 07:49 AM

This is going to me my dilemma next year. I have the precise build I wanted. 2018 AW/SO comp with black 666m, all options except full leather. 82k msrp and a 46k buyout next December. I have 11k on the car.

The big downside is I was rear ended and it requires a new trunk and bumper. The car looks flawless and work was down at a bmw collision repair center.

Idk. For 46k and such a low mileage car I can still enjoy it for a few years. My guess is the lease on the g80 won't be great next December since it'll still be a new model. So I'm prob looking at over 1k a month for it. That would pay off a good chunk of my buyout.

How much you think I would lose due to the car fax after another 3y with only 40k or so mileage in the clock? 10%?

Zed519 · 09-03-2020, 10:55 AM

Just a quick update, a $5,500 discount popped up today on my payoff. It’s a no brainer To buy it out at this point. My lease ends Dec 31st so it truly does show up at about 120 days.

Mr. Hankey · 09-08-2020, 08:58 PM

Congrats man, hope you get the girl

f80er · 09-09-2020, 08:15 AM

Quote:

Originally Posted by Zed519

Just a quick update, a $5,500 discount popped up today on my payoff. It’s a no brainer To buy it out at this point. My lease ends Dec 31st so it truly does show up at about 120 days.

Exact same boat as you and have the same $5500 discount on mine which really does make it a no brainer. FWIW my lease ends 12/27.

Mr. Hankey · 09-09-2020, 09:11 AM

Quote:

Originally Posted by f80er

Exact same boat as you and have the same $5500 discount on mine which really does make it a no brainer. FWIW my lease ends 12/27.

Damn...I should have leased! Hindsight...

GordoNx3o9 · 09-09-2020, 01:26 PM

Quote:

Originally Posted by f80er

Quote:

Originally Posted by Zed519

Just a quick update, a $5,500 discount popped up today on my payoff. It’s a no brainer To buy it out at this point. My lease ends Dec 31st so it truly does show up at about 120 days.

Exact same boat as you and have the same $5500 discount on mine which really does make it a no brainer. FWIW my lease ends 12/27.

What's your MSRP?

f80er · 09-09-2020, 01:27 PM

Quote:

Originally Posted by GordoNx3o9

What's your MSRP?

What was my MSRP? $81k and change.

Mr. Hankey · 09-09-2020, 04:18 PM

Quote:

Originally Posted by f80er

What was my MSRP? $81k and change.

Pay them off, sell to carmax for 52K....

f80er · 09-09-2020, 04:21 PM

Quote:

Originally Posted by rhk118

Quote:

Originally Posted by f80er

What was my MSRP? $81k and change.

Pay them off, sell to carmax for 52K....

Possibilities are endless.

08-22-2020, 09:10 PM	#27
gemini.m3 Major 1497 Rep 1,297 Posts Drives: 2022 M3 xDrive comp Join Date: Aug 2014 Location: Miami, FL iTrader: (8)	My residual buyout for my fully loaded 18 m3 zcp with port installed carbon goodies is 50k- if I get a 5k discount next June to bring it down to 45k, it’ll be a no brainer for me with only 7600 miles right now - unless the g80 floors me which is doubtful so far My feeling is that clean / mint f80s are going to be sought for and having the last model year it was built with the new led lights is really attractive to keep Not to mention I dropped 6k on a ppf wrap so the paint is mint Last edited by gemini.m3; 08-22-2020 at 09:19 PM..
	Appreciate 0 Quote

08-26-2020, 04:21 PM	#28
aalsayye Private First Class 123 Rep 130 Posts Drives: 2023 M5 Join Date: Nov 2018 Location: SE Michigan iTrader: (0)	Same boat... Folks, this is an extremely helpful thread. I am in a similar situation where my 2018 F80 lease is ending by the end of February, I keep thinking whether I should buy (to keep) or get into a G80 or an F90. I took over the lease from someone back in August of last year (had 18k miles on it), I am now at 25,500 miles and do not drive much but really enjoy it and still look forward to driving it. A few stats below: - MSRP: ~$81k - Residual: ~47k (yes, huge drop but thankfully I didn't have to make a DP on it) - Remaining payments: 6 I already have snow wheels and tires for it (Michigan resident), used them for 1 winter (real good thread on them). I think that a $5,500 buyout discount will make it a no brainer for me as well... Thoughts?
	Appreciate 1 enginediver64.50 Quote

08-26-2020, 06:17 PM	#29
enginediver Private 65 Rep 82 Posts Drives: Mexico Blue 2018 F80 Join Date: Jul 2019 Location: Mount Holly, NJ iTrader: (0)	same boat I've been going back and forth the past month or so. I still got till December but my residual is pretty high at 58.5 I'm confused cause the payoff is saying 59.5 now and I still got 4 payments left (maybe 3...) so I guess the discount is already applied? I've been thinking of the M340 cause the suspension is honestly killing me...it's my daily. I'm gonna miss her cause she's perfect. Mexico blue, white Merino, and CCBs
	Appreciate 0 Quote

08-27-2020, 07:00 AM	#34
doug_999 Brigadier General 2543 Rep 3,968 Posts Drives: 2011 1M/2021 992/2023 X3 Join Date: Mar 2008 Location: Chicago, IL iTrader: (0)	For those of you planning on the discount next year, it's a gamble. I'm at a loss as to why BMW is even offering it. Their dealers are desperate for cars and even without the discount, the car is well priced. I'm actually shocked they are still even doing it! I suspect they are planning on things getting a lot worse, but chit man, my crystal ball is broken. __________________ 2011 1M, Black loaded sans sat radio 2021 911 C4S Gentian Blue, manual 2023 X3 M40i - loaded sans Park Assist
	Appreciate 1 hatepotholez292.50 Quote

08-27-2020, 07:28 AM	#35
Habber Colonel 3515 Rep 2,005 Posts Drives: BMW M3 2024 Brooklyn Grey SOLD Join Date: Sep 2016 Location: Canada iTrader: (1) Garage List [9.83]	Can't speak for USA market, but up here in Canada, I've heard from 2 separate dealers in 2 different provinces that sales are at an all time high, especially on used cars which boggles my mind given the current situation (but Canada wasn't hit nearly as hard as the USA was with the pandemic). That being said, I'm finding dealers are very independent and are not offering rebates that I expected which means for us here in Canada, there clearly won't be decent discounts on the the M3/M4. It might be wiser to hold on to your used one unless the used market offers a premium on what you currently own. Just my .02c
	Appreciate 0 Quote

08-27-2020, 07:49 AM	#36
White340 Lieutenant Colonel 1393 Rep 1,986 Posts Drives: 2018 M3 Comp / 2022 X5 45e Join Date: Dec 2015 Location: NYC iTrader: (3)	This is going to me my dilemma next year. I have the precise build I wanted. 2018 AW/SO comp with black 666m, all options except full leather. 82k msrp and a 46k buyout next December. I have 11k on the car. The big downside is I was rear ended and it requires a new trunk and bumper. The car looks flawless and work was down at a bmw collision repair center. Idk. For 46k and such a low mileage car I can still enjoy it for a few years. My guess is the lease on the g80 won't be great next December since it'll still be a new model. So I'm prob looking at over 1k a month for it. That would pay off a good chunk of my buyout. How much you think I would lose due to the car fax after another 3y with only 40k or so mileage in the clock? 10%? __________________ 2022 X5 45e : AW/Tartufo 2018 M3 Competition : AW/SO 2016 340i xDrive : AW/CR (sold)
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09-03-2020, 10:55 AM	#37
Zed519 Private First Class 58 Rep 135 Posts Drives: 335xi Join Date: Jun 2017 Location: Aurora, IL iTrader: (0)	Just a quick update, a $5,500 discount popped up today on my payoff. It’s a no brainer To buy it out at this point. My lease ends Dec 31st so it truly does show up at about 120 days.
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09-08-2020, 08:58 PM	#38
Mr. Hankey Christmas Poo 1027 Rep 1,179 Posts Drives: Incoming G87 Join Date: Oct 2014 Location: New England iTrader: (0)	Congrats man, hope you get the girl __________________ Read...no drive, the manual.
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