Best Way To Buy Out Lease?

hl0m4n · 01-06-2009, 07:17 PM

what is the best way to buy out a lease? i have an ok connection with my sales guy alittle above the norm. should i just deal with him or take the cpo route?

how exactly does the cpo route work? this is an all day process so i get there first thing morning have the car cpoed and i finance it? what is the warranty on the cpoed cars (335i), was it 60k miles?

hl0m4n · 01-07-2009, 10:53 AM

anyone?

blk335i08 · 01-07-2009, 10:56 AM

ask your dealership?

hl0m4n · 01-07-2009, 11:00 AM

Quote:

Originally Posted by blk335i08

ask your dealership?

forum>dealership

Bimmerista · 01-07-2009, 11:05 AM

If the situation in the US is the same as in Canada, where I am located, then your lease contract is between you and BMWNA, not the dealership.

The buy-out is spelled out in the lease agreement (fine-print), and help in understanding the process can be obtained by calling BMWNA directly.

There is typically an early termination fee, and, as far as I know, unless you have 2 months or less left in your lease term (where BMW will allow you to get out of the lease if you lease/buy another BMW), in essence buying out the lease means paying all remaining lease payments up front.

Best of luck,

Roowah · 01-07-2009, 11:31 AM

I would contact BMW FS and see if you can negotiate the buyout. It seems there are quite a number of posts on here from people who were able to knock off several thousand dollars. I suppose their thinking is that it's one less car they need to take their chances on when sent to auction.

01-06-2009, 07:17 PM	#1
hl0m4n Major General 2159 Rep 5,623 Posts Drives: BMW Join Date: Nov 2006 Location: NY iTrader: (58)	Best Way To Buy Out Lease? what is the best way to buy out a lease? i have an ok connection with my sales guy alittle above the norm. should i just deal with him or take the cpo route? how exactly does the cpo route work? this is an all day process so i get there first thing morning have the car cpoed and i finance it? what is the warranty on the cpoed cars (335i), was it 60k miles? __________________ Cars: 07 335i ► 08 328i ► 11 328xi ► 13 M3 ► 17 M4 ► 14 M6
	Appreciate 0 Tweet Quote

01-07-2009, 10:53 AM	#2
hl0m4n Major General 2159 Rep 5,623 Posts Drives: BMW Join Date: Nov 2006 Location: NY iTrader: (58)	anyone? __________________ Cars: 07 335i ► 08 328i ► 11 328xi ► 13 M3 ► 17 M4 ► 14 M6
	Appreciate 0 Quote

01-07-2009, 10:56 AM	#3
blk335i08 Second Lieutenant 6 Rep 288 Posts Drives: 335i e92 Join Date: Nov 2008 Location: usa iTrader: (0)	ask your dealership?
	Appreciate 0 Quote

01-07-2009, 11:05 AM	#5
Bimmerista Major General 82 Rep 5,732 Posts Drives: superstock Join Date: Aug 2005 Location: Montreal, Quebec, Canada iTrader: (0)	If the situation in the US is the same as in Canada, where I am located, then your lease contract is between you and BMWNA, not the dealership. The buy-out is spelled out in the lease agreement (fine-print), and help in understanding the process can be obtained by calling BMWNA directly. There is typically an early termination fee, and, as far as I know, unless you have 2 months or less left in your lease term (where BMW will allow you to get out of the lease if you lease/buy another BMW), in essence buying out the lease means paying all remaining lease payments up front. Best of luck, __________________ __________________________ 2016 435 xdrive GC white on black leather interior, Msport1, Msport2, premium package 2015 Lincoln MKX, silver on brown leather, premium package - that's right! Techno-Groovy baby
	Appreciate 0 Quote

01-07-2009, 11:31 AM	#6
Roowah Captain 28 Rep 811 Posts Drives: 2006 E90 330i 6MT Join Date: Jan 2007 Location: Cambridge, MA iTrader: (0)	I would contact BMW FS and see if you can negotiate the buyout. It seems there are quite a number of posts on here from people who were able to knock off several thousand dollars. I suppose their thinking is that it's one less car they need to take their chances on when sent to auction. __________________ 2006 E90 330i 6MT: TiAg\|Black Leather\|Poplar Trim\|Premium Package\|Cold Weather Package 2003 E46 325i 5MT: Retired - The beginning of my BMW obsession!
	Appreciate 0 Quote