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07-22-2015, 03:01 AM | #1 | ||
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BMWNA Buy back,,,,Help or Legal advised needed
Any advise or suggestions appreciated..... My fiance leased a 2013 Active3 Hybrid when they first came out and now starting to experience issues the past 2 months. It has been in and out of the dealer for battery issues. BMW are unable to fix the problem. We would pick up the car and then the check engine light would come back on after a couple of days. BMW have agreed to buy back the car from us. Anyone gone through this process?? Is this my best and only option with BMW? Do I just give them back the car and just walk away? This is the email they have sent us regarding our car.
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Last edited by sTo0p_Ed; 07-24-2015 at 01:51 AM.. |
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07-22-2015, 05:44 AM | #2 |
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They will credit you the price of the car minus 25cents on the driven mile. Sometimes the tax can be credited to another car, of course at the same dealer. If you bought extra protection they will prorated. Sometimes they will credit the dealer fee. Tag, reg and other fees will not be credited. As always it's a loose - loose situation for the buyer. Dealers will do anything to sell a car. But once you sign you will start seeing the other side. More when you start to experience issues. GLWD
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07-22-2015, 08:36 AM | #3 |
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Buy back on a lease? If the above is the only offer,and besides CEL the car drives fine, I would continue using till the lease end. Losing $$ on all those fees would drive me nuts.
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07-22-2015, 09:56 AM | #4 |
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I dont know if buy back is the correct term, but we have 6 months remaining on our lease and BMWNA will take the car back and pay off the remaining payments.
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07-23-2015, 11:58 AM | #5 |
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I'm too lazy to look up CA lemon law but you should be getting back everything you put into it, including taxes and fees, minus usage which is the documented mileage at the first attempt to repair the vehicle
I lemoned a Range Rover Sport in NJ. I brought the vehicle in for the recurring problem when it had 168 miles on the odometer. It was bought back at 18k miles. They gave me everything i paid minus 168 miles ($128) |
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07-24-2015, 08:46 AM | #7 | |
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After re-reading your other post though, am I to understand that they are just paying the remainder of the lease? If so, they are essentially just giving you an early termination. |
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07-24-2015, 11:36 AM | #8 |
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I don't know your financial situation, but I would leave the option on the table to hop in a brand new lease at a superprime rate (not sure if you're superprime or not). Sometimes dealers will dump the rate down and put you in a brand new one, just to make sure you have the "ultimate driving machine" in your hands. Not your #1 route for sure, but just a thought.
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