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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > General E90 Sedan / E91 Wagon / E92 Coupe / E93 Cabrio > Question about lease turn-in inspection



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      12-19-2012, 01:19 PM   #23
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I've had it done both ways, most dealerships handle this on their own without issue. Just have the dealer do it, especially if you're getting a new car with them.
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      12-19-2012, 01:31 PM   #24
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Basically your lease turn in could have some positive equity that you could of used as a down payment by trading vs turning in.

When you signed your current lease the Adjusted Cap Cost (agreed sale price) he was talking about is subtracted from the Residual Value (assigned by BMW when you signed lease). In a lease you only finance a fixed portion total cost (Adjusted Cap Cost - Residual Value) over the duration of the lease.

See attached:
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      12-19-2012, 01:43 PM   #25
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Quote:
Originally Posted by PAMidge View Post
I've had it done both ways, most dealerships handle this on their own without issue. Just have the dealer do it, especially if you're getting a new car with them.
a lot of times this is a good way to handle it if you have a location you can trust.

often obvious problems can be worked into the sale price of the new vehicle or at least managed at a cost level to them instead of a profit.
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      12-20-2012, 02:58 AM   #26
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this is some great info, does anyone know the difference between a lease and an owners choice?
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      01-13-2013, 05:41 PM   #27
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Quote:
Originally Posted by brocklanders View Post
this is some great info, does anyone know the difference between a lease and an owners choice?

Are you talking about the BMW Select Loan? If so it's a loan where you select how many months you want to pay for the car, and then have a last balloon payment.

The balloon payment may be refinanced or paid right out. It does not accrue interest.

It's a loan at lease prices. The difference is that you own the car, and not BMW FS.

It's great for people that aren't as flexible with mileage, and that want to keep their car more than a few years. You can sell at any time though.

You're paying a little bit more than you would with a lease, or to finance, just the way the numbers work out, but if you truly want very low monthly payments and the flexibility to drive as much as you want, it's a reasonable deal.

I hope this is what you were asking about
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      01-14-2013, 11:09 PM   #28
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i currently have two vehicles on this program, but i was told i would be able to turn the car in at the end of the contract clean and free just like a lease. there is a mileage limit of 15k per year and a residual value at the end of contract. but with little to nothing down im not sure how it works, since at the moment i have a pay off of $42k on a car blue booked at $35k. i was wondering if anyone else has done this and if there were any catches like getting screwed into purchasing these vehicles at the end, i dont want either one nor would i have ever financed them for eight years.
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