[Alex_bm]

Rebating, as if reducing the buyout price by 3k?

Originally Posted by Type-S

Not sure if this is true so maybe someone can shed some light on it, but I spoke to one of the business managers at BMW and I was told that BMW finance was rebating the buy outs on 3 series leases and 5 series leases that were due this year

I didn't pay too close attention to the amounts since they didn't apply to me but I believe they were about 3,000

[Type-S]

Originally Posted by Alex_bm

Rebating, as if reducing the buyout price by 3k?

yup

[shipill]

Originally Posted by Type-S

yup

I hope it's true

[BimmerDom]

The dealer explained how it worked when I returned my leased 325i

The Dealer has the first option to buy back at Buyout value, if not, it is sent to BMW Canada and then they allow all dealers to bid on that car. If no dealer bids something satisfactory, it goes to auction.

eg: my old 325i - 2004 model returned in 2007, had 65k, Sport Package etc.., residual was $26,500, blackbook was $21k. The dealer said they could likely send it back to BMW and they re-purchase and I could had it for around $23-24k, but no guarantees and may take 3-4 weeks

BMW wants to maintain residual values, so they should be willing to offer something. They lose money when they send them to auction.

[shipill]

any updates guys?