E90Post
 


GT Haus
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > USA - NY / NJ / CT / PA > 2006 330xi Lease Ending



Reply
 
Thread Tools Search this Thread
      06-17-2009, 05:53 PM   #1
purespin52
Private First Class
 
purespin52's Avatar
 
Drives: 2006 SG 330xi 6MT
Join Date: Oct 2007
Location: Newark

Posts: 108
iTrader: (3)

2006 330xi Lease Ending

Hello everyone,

I have a 2006 330xi and am currently at approximately 49,500 miles with 85 days left on the lease, which means I will be 20k over. I am considering purchasing the car prior to reaching 50,000 miles; I would like to have it CPO'd and get the extended maintenance on the car. The residual is approximately $25,800.

I am just wondering if any of you guys have had any success in negotiating the residual and the warranty and maintenance....I have called a few dealerships, and they are trying to get me into a new lease, while others said they could do it for like 31000, which seems like way too much....

What do you guys think are my options right now????

Thanks in advance...
purespin52 is offline   United_States
0
Reply With Quote
      06-18-2009, 10:10 AM   #2
KlubHoppER
Major
 
KlubHoppER's Avatar
 
Drives: Either in 2010 or 2011 :)!
Join Date: May 2008
Location: Rutherford, Nj.

Posts: 1,143
iTrader: (0)

man , its a 2006 and you can buy 2007/2008's wayyyy cheaper then 31000 , i would't do it... Id just get a newer model.... just my .2 cent..
KlubHoppER is offline   Brazil
0
Reply With Quote
      06-18-2009, 10:21 AM   #3
dannygenio
Banned
 
Drives: 2008 E92 Flaming Red
Join Date: Feb 2009
Location: Philly

Posts: 567
iTrader: (0)

Quote:
Originally Posted by KlubHoppER View Post
man , its a 2006 and you can buy 2007/2008's wayyyy cheaper then 31000 , i would't do it... Id just get a newer model.... just my .2 cent..
dude 20K miles over on a lease will cost his LIFE$$$$$$$$$$$ he better buy that car so he gets away from that penalty
dannygenio is offline  
0
Reply With Quote
      06-18-2009, 10:24 AM   #4
wakeboarder109
Lieutenant Colonel
 
wakeboarder109's Avatar
 
Drives: E92 335xi --> 06 BSM 330i
Join Date: Jul 2008
Location: 804

Posts: 1,726
iTrader: (3)

Send a message via AIM to wakeboarder109
can't you buy more miles at a discounted rate before the end of the lease?
wakeboarder109 is offline   United_States
0
Reply With Quote
      06-18-2009, 11:55 AM   #5
purespin52
Private First Class
 
purespin52's Avatar
 
Drives: 2006 SG 330xi 6MT
Join Date: Oct 2007
Location: Newark

Posts: 108
iTrader: (3)

I am pretty sure that because I am so close to lease end that I can no longer buy the miles at .16 instead of .20....

I actually went to another dealer yesterday, and he mentioned that normally they can do the certification for the residual, but in my case it may be a little higher because of the mileage.....he is gonna run some numbers and contact me tomorrow, but overall that seems like it is gonna be waaay better than 31k...

the certified 06's on the lot with less mileage than mine are around 28k........
purespin52 is offline   United_States
0
Reply With Quote
      06-18-2009, 01:31 PM   #6
Cookiemonster
Captain
 
Cookiemonster's Avatar
 
Drives: 2010 335XI e92
Join Date: Apr 2007
Location: Jupiter

Posts: 791
iTrader: (2)

I'd pay the $4000 for milage and walk away. Otherwise you are always going to be upside down in the loan. 28k is the advertised price for those 330's on the lot. No one is paying that.....would you? Pay the 4 grand for milage and get a new lease and be driving a new car.....or CPO your car and buy it out and be paying about the same but be driving a car with 50,000 miles. If you got it CPO and bought it all for say even $28 to $29 k ...in 18 months into the loan and your ODO at 70k miles you will be so backwards in your loan.

No easy way out.
__________________
2007 335I sedan (retired)
2010 335xi coupe
Cookiemonster is offline  
0
Reply With Quote
      06-18-2009, 04:42 PM   #7
328i
Colonel
 
328i's Avatar
 
Drives: E46 ///M
Join Date: Jan 2007
Location: central NJ

Posts: 2,773
iTrader: (14)

I remember Sal (Autocouture on here) saying in some thread that Bmw is willing to negotiate on Residuals during the last couple months of the lease. Contact him and maybe he can help u out. If you can't buy it for market price just take the 4,000 hit. However you couldve saved yourelf around $800 buying extra mileage earlier.
__________________
328i is offline  
0
Reply With Quote
      06-22-2009, 08:42 PM   #8
PNF
Colonel
 
PNF's Avatar
 
Drives: 15' YMB F80 M3
Join Date: Oct 2008
Location: Wayne, PA / Taipei

Posts: 2,323
iTrader: (4)

+1 on take the $4K hit.. $31K for a 2006 is way too much!

__________________
2015 F80 Fully loaded (minus the CCB) YMB M3 / Individual Amaro Brown (Est. Oct..)
2008 E92 335i (sold)
PNF is offline   Taiwan
0
Reply With Quote
      06-23-2009, 05:16 AM   #9
mmm def
Colonel
 
mmm def's Avatar
 
Drives: 06 330i, 11 S4
Join Date: Dec 2006
Location: NJ

Posts: 2,574
iTrader: (0)

Send a message via AIM to mmm def
Quote:
Originally Posted by wakeboarder109 View Post
can't you buy more miles at a discounted rate before the end of the lease?
I believe you have to purchase them > 6 months left.
mmm def is offline   United_States
0
Reply With Quote
      06-24-2009, 01:12 PM   #10
motordean
Enlisted Member
 
Drives: M3 Convertible
Join Date: May 2009
Location: Long Island, NY

Posts: 30
iTrader: (0)

Quote:
Originally Posted by Cookiemonster View Post
I'd pay the $4000 for milage and walk away. Otherwise you are always going to be upside down in the loan. 28k is the advertised price for those 330's on the lot. No one is paying that.....would you? Pay the 4 grand for milage and get a new lease and be driving a new car.....or CPO your car and buy it out and be paying about the same but be driving a car with 50,000 miles. If you got it CPO and bought it all for say even $28 to $29 k ...in 18 months into the loan and your ODO at 70k miles you will be so backwards in your loan.

No easy way out.
+1 take the penalty and move on...
__________________
motordean is offline  
0
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 05:21 PM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST