Lease end question
My lease has a residual of 29,940 on a 328xi. I know I am going to go over the miles and have already purchased more to cover it. My question is will BMWFS or the dealer reduce the residual to be even close to market value (some comparable cars are on the lot for 26,000). Also will the fact that the new 2012 will be out when my lease is up have any effect. While I do have a while to go I am not 100% committed to keeping the car.
The dealer said yes they would adapt the residual and that it was high, however I am wondering if he was right or not.