Has anyone released their car? What is the process?
11-07-2008, 05:29 AM
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My Ride: 07' 550i sport; Sapphire Black/Auburn; sport package; steptronic; navigation with R.T.T.I.; heads up; cold weather package; Logic-7; BMW MOST ipod kit; Motorola V3 snap-in adapter; rear heated seats and rear shades; anthracite headliner; sirrius sat. radio; M-aero kit; OEM style 166 Wheels with 245/35-19 front and 285/30-19 rear Michelin PS2s.
If at lease end you want to keep your car for an additional year, but don't want to buy it. How is the payment calculated? Would they use new car residuals, i.e. on a new lease 36 months might be a 50% residual while 48 months is 43%. Would bmw base the payment on a one year lease extension on that 43% residual when its the original buyer? (I'm guessing the answer is no).
Has anyone done this through bmw? How does it work? Do they make up a residual based on current market values (in other words, pork you)? And what money factors would they use?
DRP
Has anyone done this through bmw? How does it work? Do they make up a residual based on current market values (in other words, pork you)? And what money factors would they use?
DRP
11-07-2008, 06:20 AM
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Originally Posted by 550isport' post='714818' date='Nov 7 2008, 09:29 AM
If at lease end you want to keep your car for an additional year, but don't want to buy it. How is the payment calculated? Would they use new car residuals, i.e. on a new lease 36 months might be a 50% residual while 48 months is 43%. Would bmw base the payment on a one year lease extension on that 43% residual when its the original buyer? (I'm guessing the answer is no).
Has anyone done this through bmw? How does it work? Do they make up a residual based on current market values (in other words, pork you)? And what money factors would they use?
DRP
Has anyone done this through bmw? How does it work? Do they make up a residual based on current market values (in other words, pork you)? And what money factors would they use?
DRP
Based on how desperate I think the car companies are I think you would do better leasing (or buying) another car and residuals drop fast after the first three years.
11-08-2008, 03:40 AM
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My Ride: 2008 535i: June 6th start build, complete June 17th, at NY Port July 5th, at dealer July 10th, took delivery Friday July 13- Plantimum Bronze/Natural Brown Leather/Light Poplar, Sport Package, Sport Auto, Active Steering, Premium Package, CWP & PDC. Dinan Performance Software 384hp & 421 ft/lbs.
I did it with my 1997 528 and try to with my 2004 545 SMG. The 528 was the same payment extended for another two years, the 545 was double my existing payment so I didn't do it.
The process is easy, you tell BMWFS that you want to do it and they fedex you a new contract.
The process is easy, you tell BMWFS that you want to do it and they fedex you a new contract.
11-11-2008, 09:34 PM
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My Ride: 2007 BMW 550, Sport, Navi, PS, CWP, Sirius
Originally Posted by 550isport' post='714818' date='Nov 7 2008, 09:29 AM
If at lease end you want to keep your car for an additional year, but don't want to buy it. How is the payment calculated? Would they use new car residuals, i.e. on a new lease 36 months might be a 50% residual while 48 months is 43%. Would bmw base the payment on a one year lease extension on that 43% residual when its the original buyer? (I'm guessing the answer is no).
Has anyone done this through bmw? How does it work? Do they make up a residual based on current market values (in other words, pork you)? And what money factors would they use?
DRP
Has anyone done this through bmw? How does it work? Do they make up a residual based on current market values (in other words, pork you)? And what money factors would they use?
DRP
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