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      06-01-2010, 06:44 PM   #65

phil.'s Avatar
Drives: E90 2009 335i
Join Date: Apr 2010
Location: san francisco bay area

Posts: 58
iTrader: (1)

Originally Posted by neology View Post
Dealerships view point:
Amount in interest: $4500 + dealer profit (1000) = $5500
The dealer makes no money off the interest of your loan - the finance company does (i.e. BMWFS, Wells Fargo, etc.). From a dealer's perspective, the car is effectively sold to the leasing company (BMWFS) or whomever you're financing thru if you're buying it. They make the same amount of money for a lease or a purchase transaction.

Originally Posted by neology View Post
CPOd vehicle:
Amount in profit= ~5000 (if you're smart you can get it down to ~4000)
I'm not sure if the dealer that you turn a lease into has first crack at paying off the residual to the leasing company and is able to turn around and sell it. I could be totally wrong on this, but I coulda sworn it goes to wholesale auction first.
E90 2009 335i
retired: E21 1983 320is, E36/7 2000 M Roadster, E39 2000 540iA