2008 328xi Lease End Buy Out

GreenThree · 11-09-2010, 02:50 PM

My lease will be up in a few months. I would like to buy my car. 2008 328xi will have about 38,000 miles at Lease-End. Residual is $24,869.

My main goal is to lower my monthly payments, put $0 down and have 0 repair and maint costs down the road. I crunched some numbers. Is this realistic?

Assumed negotiated price of $20,000. Add extended maint and extended warranty for 6 yr /100,000. (+$4,000). $24,000 financed at 3.9% (Rate advertised on BMWUSA.com) over 6 years with $0 down: Monthly payment including 6.25% state tax is about $400 per month.

The color of my car is not preferred. Also, there is no leather or premium pack. These should be positive negotiation points in my favor.

Do you think that negotiated price and monthly payment is realistic?

Thanks!

cgpublic · 11-09-2010, 05:25 PM

Given that the new 3 will be out next year, I plan on keeping mine as well. I only have 25K, plus all the options I want/need. I'm hoping for 22-24K with CPO.

GreenThree · 11-10-2010, 11:50 AM

Anyone?

cb1111 · 11-12-2010, 08:45 AM

Assuming you're happy with the green and no premium then that does work in your favor - but - you're over on miles by about $400 (assuming 12k yr) or $1600 (assuming 10k yr.) That works against you.

I'm not sure where everybody believes that they can negotiate a 20% discount from residual because that hasn't been my experience. I'd be looking at dealer sales for similar cars to see a reasonable price.

gdnyc · 11-12-2010, 11:35 AM

When I bought my car out of the lease, they knocked the residual down 5k and charged me 2k for the CPO warranty. That was without me haggling at all.

GreenThree · 11-12-2010, 06:31 PM

I'm not over on miles - I have 15k per year : p

Gdnyc: that's what I like to hear, hopefully I have the same experience in a few months

GreenThree · 11-12-2010, 06:38 PM

My stealer says there are three things you can do on a lease buy out to add value to your car:

1. Extended maintenance warranty: $2,000
2. Extended repair warranty: $3,000
3. CPO: Depends on condition of your car

When people say they got CPO, I understand that means bringing your BMW up to new standards, but does CPO include any of the warranties I mention above? Just trying to figure out the most cost effective way to do this buy out. I think you get a more attractive rate if you CPO.

noro · 11-23-2010, 09:02 AM

I don't think you can negotiate the price that you desire. I am going through that right now. The FS price to you is not negotiable, the lease to retail price FS has set of the dealer is generally ~2.5K lower. They are not going to take you on for some pathetic 500 bucks. You should be prepared for something like 23.5 at best as your price. Unless... for your particular model the lease to retail price is really really low. All I can tell you is that Xi's are generally more desired here in new England than i's, and I am having trouble getting more than 1.1K off the buyout price right now on my i

GreenThree · 11-23-2010, 09:49 PM

Quote:

Originally Posted by noro

I don't think you can negotiate the price that you desire. I am going through that right now. The FS price to you is not negotiable, the lease to retail price FS has set of the dealer is generally ~2.5K lower. They are not going to take you on for some pathetic 500 bucks. You should be prepared for something like 23.5 at best as your price. Unless... for your particular model the lease to retail price is really really low. All I can tell you is that Xi's are generally more desired here in new England than i's, and I am having trouble getting more than 1.1K off the buyout price right now on my i

Thanks for the info. I decided I will not buy my car. There is a clunking noise that they cannot fix. Plus, its a hassle to set up extended programs and negotiate a buy-out price.

They finally replaced the lifters today that make the tick, tick, tick noise. Great... With 3 months left to go on my lease...

Now about that 2.0T Quattro I test drove today... (Really fun!) And of course my BMW CA offers me a tempting price on a 2011 e90 - decisions, decisions

11-09-2010, 02:50 PM	#1
GreenThree Colonel 210 Rep 2,110 Posts Drives: 2011 e90 Join Date: Mar 2008 Location: Boston, MA iTrader: (0)	2008 328xi Lease End Buy Out - Realistic Scenario? My lease will be up in a few months. I would like to buy my car. 2008 328xi will have about 38,000 miles at Lease-End. Residual is $24,869. My main goal is to lower my monthly payments, put $0 down and have 0 repair and maint costs down the road. I crunched some numbers. Is this realistic? Assumed negotiated price of $20,000. Add extended maint and extended warranty for 6 yr /100,000. (+$4,000). $24,000 financed at 3.9% (Rate advertised on BMWUSA.com) over 6 years with $0 down: Monthly payment including 6.25% state tax is about $400 per month. The color of my car is not preferred. Also, there is no leather or premium pack. These should be positive negotiation points in my favor. Do you think that negotiated price and monthly payment is realistic? Thanks! __________________ 2015 335xi \| Mineral Grey Metallic \| Black Dakota Leather \| NAV \| SportLine \| ZPP \| ZDA \| ZCW \| Munich Build Retired: 2008, 2011, 2013 328xi
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11-09-2010, 05:25 PM	#2
cgpublic Lieutenant 22 Rep 508 Posts Drives: 2015 A3 2.0T Quattro Join Date: Dec 2007 Location: Brooklyn to Bronxville iTrader: (0)	Given that the new 3 will be out next year, I plan on keeping mine as well. I only have 25K, plus all the options I want/need. I'm hoping for 22-24K with CPO. __________________ Present: 2015 Audi A3 2.0T Quattro \| Scuba Blue \| Sport Past: 2011 E90 335 xDrive (March Build) \| Deep Sea Blue \| Saddle Brown \| Brushed Aluminum Packages & Options: Premium \| Sport \| Cold Weather \| BMW Apps, iDrive & iPod Past: 2008 E90 328xi \| Montego Blue \| Dakota Black \| Brushed Aluminum Packages & Options: Premium \| Sport \| Xenon \| CA \| Heated Seats \| iPod
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11-10-2010, 11:50 AM	#3
GreenThree Colonel 210 Rep 2,110 Posts Drives: 2011 e90 Join Date: Mar 2008 Location: Boston, MA iTrader: (0)	Anyone? __________________ 2015 335xi \| Mineral Grey Metallic \| Black Dakota Leather \| NAV \| SportLine \| ZPP \| ZDA \| ZCW \| Munich Build Retired: 2008, 2011, 2013 328xi
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11-12-2010, 08:45 AM	#4
cb1111 I ask the questions you're afraid to ask. 44 Rep 2,489 Posts Drives: 335xi Join Date: Sep 2009 Location: DC iTrader: (2)	Assuming you're happy with the green and no premium then that does work in your favor - but - you're over on miles by about $400 (assuming 12k yr) or $1600 (assuming 10k yr.) That works against you. I'm not sure where everybody believes that they can negotiate a 20% discount from residual because that hasn't been my experience. I'd be looking at dealer sales for similar cars to see a reasonable price.
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11-12-2010, 11:35 AM	#5
gdnyc Lieutenant 24 Rep 472 Posts Drives: 2006 330xi Jet Black Join Date: Sep 2005 Location: NYC iTrader: (0)	When I bought my car out of the lease, they knocked the residual down 5k and charged me 2k for the CPO warranty. That was without me haggling at all. __________________ 2006 330xi BMW, please get rid of the RFT's and give us a spare tire!
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11-12-2010, 06:31 PM	#6
GreenThree Colonel 210 Rep 2,110 Posts Drives: 2011 e90 Join Date: Mar 2008 Location: Boston, MA iTrader: (0)	I'm not over on miles - I have 15k per year : p Gdnyc: that's what I like to hear, hopefully I have the same experience in a few months __________________ 2015 335xi \| Mineral Grey Metallic \| Black Dakota Leather \| NAV \| SportLine \| ZPP \| ZDA \| ZCW \| Munich Build Retired: 2008, 2011, 2013 328xi
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11-12-2010, 06:38 PM	#7
GreenThree Colonel 210 Rep 2,110 Posts Drives: 2011 e90 Join Date: Mar 2008 Location: Boston, MA iTrader: (0)	My stealer says there are three things you can do on a lease buy out to add value to your car: 1. Extended maintenance warranty: $2,000 2. Extended repair warranty: $3,000 3. CPO: Depends on condition of your car When people say they got CPO, I understand that means bringing your BMW up to new standards, but does CPO include any of the warranties I mention above? Just trying to figure out the most cost effective way to do this buy out. I think you get a more attractive rate if you CPO. __________________ 2015 335xi \| Mineral Grey Metallic \| Black Dakota Leather \| NAV \| SportLine \| ZPP \| ZDA \| ZCW \| Munich Build Retired: 2008, 2011, 2013 328xi
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11-23-2010, 09:02 AM	#8
noro Colonel 90 Rep 2,707 Posts Drives: '91 M3, '04 E46 ZHP, '72 2002 Join Date: Aug 2006 Location: Boston iTrader: (0)	I don't think you can negotiate the price that you desire. I am going through that right now. The FS price to you is not negotiable, the lease to retail price FS has set of the dealer is generally ~2.5K lower. They are not going to take you on for some pathetic 500 bucks. You should be prepared for something like 23.5 at best as your price. Unless... for your particular model the lease to retail price is really really low. All I can tell you is that Xi's are generally more desired here in new England than i's, and I am having trouble getting more than 1.1K off the buyout price right now on my i __________________ zhpregistry.net - ZHP stats and free classifieds.
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