Buying out my lease - how much?

[BMV///M3]

Originally Posted by LAKERS333

Its an M3 with residual at 45k. Going to buy it out today most likely as getting a new one most MSRP's are about 81k with the "right" spec (competition, executive..etc.) leases are over 1k with their crappy money factors. Im sure you can get it under 1k but nothing close to what I was paying at $800.

I will prob be in your same position. I have a 16 that's up 6/19. 63% and .132 @ $883, those days are gone. I'm not sure what I'm going to do.

[///M4ster Yoda]

Originally Posted by BMV///M3

I will prob be in your same position. I have a 16 that's up 6/19. 63% and .132 @ $883, those days are gone. I'm not sure what I'm going to do.

I'm in the same boat as you guys with my '16. Lease is up this July.

Wanted to do another ED on a 19/20 M4 but the rates suck and BMW took all but CCA discounts away from ED. Dumb move

Might buy out the '16 at 45K and see what happens with the G82.

Need another car for the wife this summer as her 340 lease is up also. Traditionally we would have just gotten another BMW. That isn't the case any longer and we will be shopping around.

BMW Rates suck
Brakes aren't covered
ED program has been shredded.
Plebeian BMWs suck
Other manufacturers have stepped up their game

My Bavarian Loyalty is waning big time

[BMV///M3]

Originally Posted by ///M4ster Yoda

I'm in the same boat as you guys with my '16. Lease is up this July.

Wanted to do another ED on a 19/20 M4 but the rates suck and BMW took all but CCA discounts away from ED. Dumb move

Might buy out the '16 at 45K and see what happens with the G82.

Need another car for the wife this summer as her 340 lease is up also. Traditionally we would have just gotten another BMW. That isn't the case any longer and we will be shopping around.

BMW Rates suck
Brakes aren't covered
ED program has been shredded.
Plebeian BMWs suck
Other manufacturers have stepped up their game

My Bavarian Loyalty is waning big time

Couldn't agree more. I have thought about the new M340i but with the rates I'd prob be looking at close to what I'm paying for my M3. I won't do that out of principle. I also thought about taking over a lease of an 18 M3, but again with the rates I don't think I'd be able to find one in the same ball park.

I am thinking it will be an S4 or S5 Sportback. Yes it's not an M3 but it's still a very capable car and the tech/sound system is far better than my M3. My buddy has an A4, I drove it home from the beach once and could easily hear the difference. He also is one of my best friends and works at a dealer so I have some financial incentive as well.

Call me spoiled but these rates and not what I'm willing to pay for a BMW. BMW makes a great car but Residuals in the 50's and high MF's aren't worth it.

Also, I had wanted to get the wife an X3 40i but that is probably off the table as well.

[///M4ster Yoda]

Originally Posted by BMV///M3

Couldn't agree more. I have thought about the new M340i but with the rates I'd prob be looking at close to what I'm paying for my M3. I won't do that out of principle. I also thought about taking over a lease of an 18 M3, but again with the rates I don't think I'd be able to find one in the same ball park.

I am thinking it will be an S4 or S5 Sportback. Yes it's not an M3 but it's still a very capable car and the tech/sound system is far better than my M3. My buddy has an A4, I drove it home from the beach once and could easily hear the difference. He also is one of my best friends and works at a dealer so I have some financial incentive as well.

Call me spoiled but these rates and not what I'm willing to pay for a BMW. BMW makes a great car but Residuals in the 50's and high MF's aren't worth it.

Also, I had wanted to get the wife an X3 40i but that is probably off the table as well.

You will be disappointed going into the M340. It will be fast but it's no ///M car. I wouldn't pay 700-800 a month for a regular 3 series. Fuck that Noise.

I've contemplated building a stripper M4 with just ZCP and DCT. Even a stripper will be more fun to drive then most other cars on the road.

Audi sportback is a cool ride but is no ///M car. I would probably regret that decision soon after delivery.

[White340]

Originally Posted by seis-speed

You can get a payoff at anytime and payoff the car. I have paid off leases early. They overnight the title for $15. The payoff changes every month reflecting payments.

My lease is up mid-October.

It was extended and will be a 42 month lease. It is a 2015 car so maybe my discount is higher?

I also had the old 7% European Delivery discount. My Cost was less than 60k.

Do you mind sharing how the lease extension works? How do they calculate the monthly cost for the next 6 months? Does it reduce your buyout/residual amount at all? Do you know what money factor they use for the 6m extension? Thanks!

[firedown31]

Originally Posted by White340

Do you mind sharing how the lease extension works? How do they calculate the monthly cost for the next 6 months? Does it reduce your buyout/residual amount at all? Do you know what money factor they use for the 6m extension? Thanks!

You call up BMWFS and ask for it. They'll give you an extra 2 months no questions asked, but I've read you need another BMW on order (think production number) to be able to extend to the full 6.

Payments stay exactly the same. If your monthly was $800 then you just keep paying $800. Each payment will also reduce your buyout as well. Also whatever your monthly mileage was you get extra per month as well. A 12k a year lease will get an extra 1k miles a month.

[White340]

Originally Posted by firedown31

You call up BMWFS and ask for it. They'll give you an extra 2 months no questions asked, but I've read you need another BMW on order (think production number) to be able to extend to the full 6.

Payments stay exactly the same. If your monthly was $800 then you just keep paying $800. Each payment will also reduce your buyout as well. Also whatever your monthly mileage was you get extra per month as well. A 12k a year lease will get an extra 1k miles a month.

Thanks for the info. I don't necessarily need the extra mileage since I'm way under to begin with. Do you know how much the residual is reduced by if you release? I assume there is some interest component in there as well.

Thanks