03-21-2021, 11:15 AM | #1 |
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M4 lease end option, sell to 3rd party dealer
So my wife’s 2018 M4 lease is up on 3/24, I took it to CarMax and they offered more than the residual which is good, then did the KBB sell your car thing and got offered quite a bit more which is better. So are there any issues with BMW not selling to the 3rd party dealer? The dealer who is most interested is a local Nissan dealer, odd right? They are telling me to come I tomorrow they want to inspect the car. If in the condition I told them, they will call BMW FS get my residual amount, send them a check and once they get title they will issue a check to me for the between the residual and what they buy the car for. Sounds too easy, lol. Anybody here do this
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03-25-2021, 06:33 AM | #2 | |
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I am surprised you are being offered more so I assume you must have very low miles? On my 2016 F80 that I ended up buying out, I had 48k miles and the values were not in my favor to pull off what you are doing. |
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03-25-2021, 01:43 PM | #3 |
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Well, just a heads up, I sold it for $50,056, so I made $6k over the residual. Car was in excellent condition with 24K miles. Pretty easy process.
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03-27-2021, 08:11 PM | #4 |
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Did the same with my '18 M3. Auto Nation Nissan dealership offered me 5.5k over buyout. No brainer. Sale price $53.5k
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04-05-2021, 10:21 PM | #5 |
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Selling to a 3rd party for over the residual only makes sense if you don't intend to keep the car, is that right? Like you basically made $5.5k over buyout?
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04-06-2021, 11:46 AM | #6 | |
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04-29-2021, 12:44 AM | #9 |
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Just did this last month with my '18 Yas F80
Was 13k miles over my contracted miles (would've paid around $3900 in overage fee). Residual was 47.5k. CarMax offered 47k. Did the KBB thing, AutoNation Toyota offered 48k, haggled up to 49k, which I accepted. Went from -$3.9k to +$1.5k |
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04-29-2021, 08:03 AM | #10 | |
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