Purchase at Lease end
07-10-2008, 01:03 PM
#1
Senior Members
Thread Starter
Join Date: Sep 2007
Posts: 268
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 06' 530 Alpine/Auburn/Dark walnut, Sport, Premium, Sirius, 35% Tint
Upcomming mods: M166's/Exclaim UHP's, Mtech
Hi all, can anyone dealing with BMWFS answer this for me: Is my lease residual the number that BMWFS will consider as the used vehicle purchase price and if so, are they willing to negotiate around this number with me?
07-10-2008, 01:33 PM
#2
Contributors
Join Date: Mar 2008
Location: new york
Posts: 5,073
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2011, E90 M3 Sedan. Alpine White.Competition package, Keyhole cover, fender reflectors in Alpine white, RPI Exhaust, 19
ive heard its slightly negotiable.. do a search and youll find more about it... Mel
07-10-2008, 01:39 PM
#3
Members
Join Date: Feb 2008
Location: Rochester Hills, MI
Posts: 206
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 BMW 535i- Steptronic Trans, Sirius Satellite Radio, Bluetooth, BMW Assist, Black Dakota Leather, Cold Weather Package, Premium Package
When I was signing the papers, I also asked this same question. I was told that the price is negotiable depending on the market. If the vehicle you have isnt in extremely high demand (thus the selling prices aren't very high), you have some room to deal with them.
07-10-2008, 02:33 PM
#5
Senior Members
Thread Starter
Join Date: Sep 2007
Posts: 268
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 06' 530 Alpine/Auburn/Dark walnut, Sport, Premium, Sirius, 35% Tint
Upcomming mods: M166's/Exclaim UHP's, Mtech
Originally Posted by jcatral14' post='620745' date='Jul 10 2008, 06:11 PM
I'm anxious to find out as well. My lease is up at the end of November and I'd love to keep my car.
07-11-2008, 05:42 PM
#6
Senior Members
BMWFS actually contacted an individual on this board (I believe this board, if not another BMW board) and offered them quite a bit lower price then his residual. So its for sure negotiatable.
When the time is approaching I'd post on here asking what current auction prices are going for. That will give you an idea of what you should be paying. Obivious being your own car and you know everything about it you should expect to pay a little more then auction rate but nothing crazy like 5K more.
When the time is approaching I'd post on here asking what current auction prices are going for. That will give you an idea of what you should be paying. Obivious being your own car and you know everything about it you should expect to pay a little more then auction rate but nothing crazy like 5K more.
07-11-2008, 06:03 PM
#7
Senior Members
Join Date: Mar 2008
Location: Pearland, Texas
Posts: 736
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 530I Silver gray with gray leather with Premium Package, Logic 7 Premium sound system with Ipod interface, xenon adaptive headlights, Active steering, Power retractable rear sunshade, Comfort seats, Cold weather package and M5 OEM 166 wheels, Sprintbooster. Ceramic Tint all around, Bilstein Sports shocks with Eibach springs, Brake performance Rotors and Axxis ceramic pads.
BMWFS uses Manheim Market Report as reference for the market value of Lease return cars. This value would be the amount that they will probably use as reference on how much they will be able to sell you the car. Manheim Market Report is actually a collation of the result in the auction done nationwide. This is also breakdown into State and Region. This is usually a lower figure than your residual value.
07-11-2008, 07:02 PM
#9
Members
Join Date: Feb 2008
Location: Rochester Hills, MI
Posts: 206
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 BMW 535i- Steptronic Trans, Sirius Satellite Radio, Bluetooth, BMW Assist, Black Dakota Leather, Cold Weather Package, Premium Package
I would be interested to know as well. I dont have to worry for another 2 years.
07-12-2008, 05:22 AM
#10
Senior Members
Thread Starter
Join Date: Sep 2007
Posts: 268
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 06' 530 Alpine/Auburn/Dark walnut, Sport, Premium, Sirius, 35% Tint
Upcomming mods: M166's/Exclaim UHP's, Mtech
Originally Posted by formuleuno' post='621784' date='Jul 11 2008, 11:02 PM
I would be interested to know as well. I dont have to worry for another 2 years.