How do you re lease your leased BMW?
02-18-2009, 11:24 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.
With the current soft used luxury car market, I would consider re leasing my car when the initial lease is up. But how does that work? The purchase price for any new lease should be fair market value when the new lease is started (or maybe the inflated CPO price?). But what about the money factor? I'm assuming it would be the highest available, which for BMW I believe is .00385 (X5 diesel).
I'd like to enter into a new 12 month or 18 month lease so that the new 5 might be available when I finally surrender my car.
I'm so curious to know if such a lease would result in a higher payment (than my current 36 month 15k/yr. on my 550i sport). I can't imagine it would, but you never know.
Thanks for any help with this.
DRP
I'd like to enter into a new 12 month or 18 month lease so that the new 5 might be available when I finally surrender my car.
I'm so curious to know if such a lease would result in a higher payment (than my current 36 month 15k/yr. on my 550i sport). I can't imagine it would, but you never know.
Thanks for any help with this.
DRP
02-18-2009, 11:44 AM
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My Ride: My ex-ride: EU '08 LCI 520dA. Space Grey, Sport Seats in Black Leather/Fabric Anthracite, Sport Steering Wheel, A/C with Extended Features, Hi-Fi Speakers, Cup Holders, Cruise with Braking function, Folding Rear Seats, Xenons, Park Distance Control.
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02-18-2009, 12:49 PM
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My Ride: 2008 550i Jet Black on Black Leather, SAT with Paddles, Logic 7, Comfort Seats, NAV, Sport Package, PDC, Xenons, Sirius, Trinity 12W LED Angel Eyes, RPi GT Exhaust, M rear spoiler, ACS Roof Spoiler, Tinted Tail Lights, Bimmian Carbon Fiber Pillar Trim, Bimmian Shadow 550i emblem, RPi Scoop, E60 Forum Cling, Mtec bulbs in fog lights, Mtec 2W LED for License Plate Light Bulbs, K&N Filter, Bimmian LED Smoked Side Markers, Blackout roundels, Carbon Fiber Kidney Grills.
Retired Rides - 1989 325i convertible, 1995 M3, 2002 X5, 2005 545i, 2008 X5 (Lemon)
I would expect that BMW would NOT want to "re-lease" a car, because then when it came back off of lease, it would be 4-5 years old, have many miles and very little value! 
I could see them wanting to sell you your leased car, but not another lease! 
I could see them wanting to sell you your leased car, but not another lease!
02-18-2009, 01:24 PM
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My Ride: 2008 Porsche 911 Carrera S Convertible. Midnight Blue, 6 Speed.Retired - 2007 997 Carrera S, Midnight Blue, Grey leather, premium audioRetired - 2007 550i, Monaco Blue over Beige, Navigation, Logic 7, Cold Weather Pack, Comfort Access, Sport Package
Model Year: 2008
Originally Posted by 550isport' post='796054' date='Feb 18 2009, 12:24 PM
With the current soft used luxury car market, I would consider re leasing my car when the initial lease is up. But how does that work? The purchase price for any new lease should be fair market value when the new lease is started (or maybe the inflated CPO price?). But what about the money factor? I'm assuming it would be the highest available, which for BMW I believe is .00385 (X5 diesel).
I'd like to enter into a new 12 month or 18 month lease so that the new 5 might be available when I finally surrender my car.
I'm so curious to know if such a lease would result in a higher payment (than my current 36 month 15k/yr. on my 550i sport). I can't imagine it would, but you never know.
Thanks for any help with this.
DRP
I'd like to enter into a new 12 month or 18 month lease so that the new 5 might be available when I finally surrender my car.
I'm so curious to know if such a lease would result in a higher payment (than my current 36 month 15k/yr. on my 550i sport). I can't imagine it would, but you never know.
Thanks for any help with this.
DRP
02-18-2009, 01:34 PM
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Originally Posted by swajames' post='796161' date='Feb 18 2009, 03:24 PM
DRP, I have had direct experience with a co-worker here who was able to get her BMWFS lease extended with no change in terms. The extension was for less than a year, but it shows it is possible and that it does not necessarily result in a change in payment.
02-18-2009, 02:27 PM
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My Ride: 2008 Porsche 911 Carrera S Convertible. Midnight Blue, 6 Speed.Retired - 2007 997 Carrera S, Midnight Blue, Grey leather, premium audioRetired - 2007 550i, Monaco Blue over Beige, Navigation, Logic 7, Cold Weather Pack, Comfort Access, Sport Package
Model Year: 2008
Originally Posted by gerrypd' post='796168' date='Feb 18 2009, 02:34 PM
I think this scenario is only possible if you have a car on order.
02-18-2009, 04:27 PM
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Try searching this forum.
Others have been able to use an indipendent leasing agent to significantly reduce their lease payment. My understanding is that the dealer gets the car at significantly lower cost than residual, then sells it to the new lease company. Residuals for an extra year are not too much below the purchase price. Most of the new lease cost are due to the carry cost (interest) on the car.
Good luck.
Others have been able to use an indipendent leasing agent to significantly reduce their lease payment. My understanding is that the dealer gets the car at significantly lower cost than residual, then sells it to the new lease company. Residuals for an extra year are not too much below the purchase price. Most of the new lease cost are due to the carry cost (interest) on the car.
Good luck.
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