FS: take over my 08 M3 coupe lease

Express · 09-27-2010, 04:20 PM

Quote:

Originally Posted by Greybeard

works better for my wife, my handicapped adult twin boys, and, therefore, for me.

I have just retired, and we're selling everything. I'll be the large, slow-moving billboard that you need to pass on a two-lane, because I'll be seeing the countryside!

wow thats great! so, mind me asking, what does something like that cost? where do you plan to go? how often do you move?

Greybeard · 09-27-2010, 04:25 PM

that particular mh is $260,000

we plan to cover these united states, over scenic byways, moving just a little each day, but hanging around when it's interesting; friends and relatives on both coasts who will get a visit from the Big Taxi, but it will be a year or two in between visits

mkPOTO · 09-27-2010, 04:30 PM

man im very tempted, what is the payoff btw?

Greybeard · 09-27-2010, 04:43 PM

residual is $36,020

go bears tonight

mkPOTO · 09-27-2010, 04:47 PM

so this is a straight take over correct?

EastCoast335i · 09-27-2010, 04:53 PM

Quote:

Originally Posted by Greybeard

Lock, stock, and barrel.....but no M

GLWS!

Now thats how you drive cross country

Express · 09-27-2010, 04:53 PM

Quote:

Originally Posted by EastCoast335i

GLWS!

Now thats how you drive cross country

DO NOT let women drive that.

Greybeard · 09-27-2010, 05:09 PM

Quote:

Originally Posted by mkPOTO

so this is a straight take over correct?

I guess so--as opposed to what?

BTM · 09-27-2010, 05:22 PM

Quote:

Originally Posted by Greybeard

I guess so--as opposed to what?

Sometimes cash is thrown around in these arrangements as well...I think that's what Mike was getting at...

Express · 09-27-2010, 05:24 PM

Quote:

Originally Posted by BTM

Sometimes cash is thrown around in these arrangements as well...I think that's what Mike was getting at...

hes already paid for the month and agreed to pay all fees...

thats not a bad incentive.

Greybeard · 09-27-2010, 05:28 PM

what he said.....

BTM · 09-27-2010, 05:29 PM

Quote:

Originally Posted by Greybeard

what he said.....

My bad I didn't reread this thread so I forgot...either way beautiful car

mkPOTO · 09-28-2010, 10:55 AM

just wanted to make sure, is the payoff what it is now or is that when the lease is up?

Greybeard · 09-28-2010, 11:22 AM

Quote:

Originally Posted by mkPOTO

just wanted to make sure, is the payoff what it is now or is that when the lease is up?

$36,020 is the residual value per lease agreement, which can be paid at the lease end and you will own the car.

The "payoff" as of today is a figure that includes that residual, all remaining lease payments, plus approximately $1600 that seems to be an amount BMW would have earned as a benefit for the full lease term. It therefore makes no dollars or sense to buy the car today.

roho3323 · 10-19-2010, 12:46 PM

Check your PM... I am very interested.

09-27-2010, 04:25 PM	#24
Greybeard comin' thru! 13 Rep 80 Posts Drives: 08 M3 coupe Join Date: Jul 2009 Location: Dayton Ohio iTrader: (0)	that particular mh is $260,000 we plan to cover these united states, over scenic byways, moving just a little each day, but hanging around when it's interesting; friends and relatives on both coasts who will get a visit from the Big Taxi, but it will be a year or two in between visits __________________ Assume my lease--and get a big grin every time you hit START!
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09-27-2010, 04:30 PM	#25
mkPOTO Mr. Nice Says Hello 636 Rep 16,662 Posts Drives: BMW M3 \| X5 xdrive 35i MSport Join Date: Dec 2008 Location: USA iTrader: (25) Garage List 2002 Lexus GS300 [0.00] 2008 BMW E92 M3 [5.58]	man im very tempted, what is the payoff btw?
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09-27-2010, 04:43 PM	#26
Greybeard comin' thru! 13 Rep 80 Posts Drives: 08 M3 coupe Join Date: Jul 2009 Location: Dayton Ohio iTrader: (0)	residual is $36,020 go bears tonight __________________ Assume my lease--and get a big grin every time you hit START!
	Appreciate 0 Quote

09-27-2010, 04:47 PM	#27
mkPOTO Mr. Nice Says Hello 636 Rep 16,662 Posts Drives: BMW M3 \| X5 xdrive 35i MSport Join Date: Dec 2008 Location: USA iTrader: (25) Garage List 2002 Lexus GS300 [0.00] 2008 BMW E92 M3 [5.58]	so this is a straight take over correct?
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09-27-2010, 05:28 PM	#33
Greybeard comin' thru! 13 Rep 80 Posts Drives: 08 M3 coupe Join Date: Jul 2009 Location: Dayton Ohio iTrader: (0)	what he said..... __________________ Assume my lease--and get a big grin every time you hit START!
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09-28-2010, 10:55 AM	#35
mkPOTO Mr. Nice Says Hello 636 Rep 16,662 Posts Drives: BMW M3 \| X5 xdrive 35i MSport Join Date: Dec 2008 Location: USA iTrader: (25) Garage List 2002 Lexus GS300 [0.00] 2008 BMW E92 M3 [5.58]	just wanted to make sure, is the payoff what it is now or is that when the lease is up?
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10-19-2010, 12:46 PM	#37
roho3323 The Professor 162 Rep 826 Posts Drives: BMW M6, BMW M240i, BMW 750i Join Date: Jul 2006 Location: Miami, USA iTrader: (14)	Check your PM... I am very interested. __________________ 2010 BMW M6 2007 BMW 335i,2012 Audi S4-retired 2016 BMW 750i M-Sport 2015 BMW M235i-retired, 2022 M240i
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