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Buy Out at end of lease.
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10-09-2007, 04:34 PM | #1 |
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Buy Out at end of lease.
I know Bimmers have a good resale value, so I'm wondering if all is well with my car (excellent condition, low miles) at the end of the lease will my buyout be lower than the market value?
I wonder if my car will be worth over 30k in 2010 (Options in sig). Anyone think so?
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10-09-2007, 04:38 PM | #2 |
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I think it'll be hard to tell. Usually the buy out is the RV at the end of the lease. Because the RV is an estimate, it really depends on what the MV is at that moment- RV/buy out could be below or above market value.
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10-09-2007, 05:53 PM | #3 |
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They usually are pretty accurate in predicting the worth of the vehicle when the lease term is over. We just sent our 04 x-3 back and the buyout was right in line with the current market for them. By 2010, you know they will have tweaked the e92 and you'll just want a new one anyway like most of us do
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03-20-2008, 11:36 AM | #4 |
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Is the buyout price negotiable at the end of lease? I recall something that the salesman said it is non-negotiable.
Anyone know?
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03-20-2008, 04:38 PM | #6 |
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Buyout is the residual price stated in lease agreement. Its non-negotiable through BMWFS and your dealer has no say in the matter (unless you turn it into the dealer and try to repurchase it through them).
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03-20-2008, 05:27 PM | #7 |
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Thanks
That price does not include taxes correct?
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03-20-2008, 07:20 PM | #9 |
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yeah sucks big time.
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03-20-2008, 07:34 PM | #10 |
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If BMWFS isn't willing to negotiate it would be the first leasing company I've ever heard of that wasn't willing to negotiate. A friend negotiated on his Nissan, and another negoitated on his GM car with GMAC. Both succeeded.
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03-20-2008, 07:50 PM | #11 |
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I think most times if you want to have the car certified and re-warrantied then the dealer would buy the car from BMWFS, certify it and then allow you to negotiate a price. They would prolly also only do this if you were 100% sure buying the car from them.
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03-21-2008, 11:39 AM | #12 |
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04-01-2008, 01:10 PM | #13 |
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Depends on the state. If you live in a state where you pay taxes as you go (i.e., a portion of each month's lease payment is for sales tax), then you typically just pay the taxes on the residual if you buy at the end. That makes sense, because you haven't paid tax on the residual yet. You don't usually have to re-pay tax you've already paid.
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04-10-2008, 08:10 AM | #14 |
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Its not really taxes again since you paid taxes already only on the portion of the value you used. You won't have paid taxes on the residual value portion.
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04-23-2008, 10:50 PM | #15 | |
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Quote:
If I was a car company, I wouldn't trust dealerships to estimate the market a few years down the road. Their judgment is too clouded by sell-now myopia.
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06-15-2008, 03:59 PM | #16 |
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do you think in 24 or 36 months the american dollar is going to gain that much ground?
the residuals need to consider our dollar situation. remember the dealer can turn a used car into a cpo in about 2 seconds that adds alot of value to the dealer
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