trying to buy my leased car....help?

TENCHI · 03-11-2009, 04:51 PM

so my residual is $27k and checking blue books my 06 330i zpp, zcp, zsp w/17k miles is listed as 18-21k. So I called up the dealer and asked them to strike a deal. They said no. If I want to buy my car it will cost residual plus CPO fee so in total $29k because they claim they can sell it for $32k. There are a dozen cars similar to mine here in Seattle for $23-24k No way in hell am I paying $5k more than I have to.

Should I just let it go? Or buy a low priced second car while i wait for the 5?

chrisE92 · 03-11-2009, 05:01 PM

Try another dealer. Ask them to look up the current buyout value, and it should be less than your residual. My first dealer would only shave $1k off my residual, but I eventually found a dealer that sold it to me for nearly $6k less.

krote345 · 03-11-2009, 05:12 PM

Quote:

Originally Posted by chrisE92

Try another dealer. Ask them to look up the current buyout value, and it should be less than your residual. My first dealer would only shave $1k off my residual, but I eventually found a dealer that sold it to me for nearly $6k less.

+1. It is definitely worth your time to talk to a few other dealers and see what they can offer you. Given the economy, someone will probably be willing to work with you.

w00kiec00kie · 03-11-2009, 05:18 PM

I should keep this in mind

TENCHI · 03-11-2009, 05:21 PM

I talked to one....only 2 left.

the guy wasn't very professional. I seriously doubt he can sell my 06 330i for $32k even if it is CPO when they are selling a 335 for $29k at the same dealer...cpo.

200Duece · 03-11-2009, 05:26 PM

I have a 2007 335 with the Res. at 32K and the auction value here in SoCal is coming in about 25K. Should be less than 2k to CPO the car depending on what is required. Just some comparison info for you. 24 month lease with 24,000 miles

darkcloud · 03-11-2009, 06:43 PM

The OP's dealer seems like an asshat. My dealer off the bat(while signing the contract at the start of the lease) said to not even care about the residule on the contract and they'll be able to knock a couple $K off and to contact them when I'm about 6 months out before lease turn in.

I'm calling them tomorrow.

Sal@AUTOcouture · 03-12-2009, 03:49 PM

shoot me the last 7 of your vin and miles and i'll give you an accurate payoff

darkcloud · 03-12-2009, 04:27 PM

I PM'd you. I want to get another opinion. Cover all my bases ya know

TENCHI · 03-12-2009, 04:43 PM

PM sent as well

03-11-2009, 04:51 PM	#1
TENCHI Lieutenant 53 Rep 552 Posts Drives: '19 G12, '17 E300 Join Date: Feb 2006 Location: Seattle iTrader: (0)	trying to buy my leased car....help? so my residual is $27k and checking blue books my 06 330i zpp, zcp, zsp w/17k miles is listed as 18-21k. So I called up the dealer and asked them to strike a deal. They said no. If I want to buy my car it will cost residual plus CPO fee so in total $29k because they claim they can sell it for $32k. There are a dozen cars similar to mine here in Seattle for $23-24k No way in hell am I paying $5k more than I have to. Should I just let it go? Or buy a low priced second car while i wait for the 5? __________________
	Appreciate 0 Tweet Quote

03-11-2009, 05:01 PM	#2
chrisE92 Brigadier General 245 Rep 4,494 Posts Drives: Monaco Blue E92 Join Date: Sep 2007 Location: LA to HB iTrader: (21)	Try another dealer. Ask them to look up the current buyout value, and it should be less than your residual. My first dealer would only shave $1k off my residual, but I eventually found a dealer that sold it to me for nearly $6k less. __________________ photos
	Appreciate 0 Quote

03-11-2009, 05:18 PM	#4
w00kiec00kie Private First Class 1 Rep 132 Posts Drives: '07 E90 328i Join Date: Dec 2008 Location: Irvine, CA iTrader: (2)	I should keep this in mind
	Appreciate 0 Quote

03-11-2009, 05:21 PM	#5
TENCHI Lieutenant 53 Rep 552 Posts Drives: '19 G12, '17 E300 Join Date: Feb 2006 Location: Seattle iTrader: (0)	I talked to one....only 2 left. the guy wasn't very professional. I seriously doubt he can sell my 06 330i for $32k even if it is CPO when they are selling a 335 for $29k at the same dealer...cpo. __________________
	Appreciate 0 Quote

03-11-2009, 05:26 PM	#6
200Duece Colonel 45 Rep 2,575 Posts Drives: '73 2002,'18 X5 35d,'17 328d T Join Date: Jan 2007 Location: A Whale's Vagina, Ca iTrader: (5)	I have a 2007 335 with the Res. at 32K and the auction value here in SoCal is coming in about 25K. Should be less than 2k to CPO the car depending on what is required. Just some comparison info for you. 24 month lease with 24,000 miles
	Appreciate 0 Quote

03-11-2009, 06:43 PM	#7
darkcloud Colonel 335 Rep 2,385 Posts Drives: 09 VW JSW Join Date: Aug 2006 Location: cleveland, oh iTrader: (2) Garage List 2006 325i [0.00]	The OP's dealer seems like an asshat. My dealer off the bat(while signing the contract at the start of the lease) said to not even care about the residule on the contract and they'll be able to knock a couple $K off and to contact them when I'm about 6 months out before lease turn in. I'm calling them tomorrow. __________________ retired 06 E90 325i New: 09 VW Platinum Grey Jetta Sportwagen 2.0T SEL w/DSG, panoramic sunroof and Ipod adapter
	Appreciate 0 Quote

03-12-2009, 03:49 PM	#8
Sal@AUTOcouture 733 Rep 10,105 Posts Drives: E93 M3, E36 M3 Join Date: Feb 2007 Location: Sofla iTrader: (30)	shoot me the last 7 of your vin and miles and i'll give you an accurate payoff
	Appreciate 0 Quote

03-12-2009, 04:27 PM	#9
darkcloud Colonel 335 Rep 2,385 Posts Drives: 09 VW JSW Join Date: Aug 2006 Location: cleveland, oh iTrader: (2) Garage List 2006 325i [0.00]	I PM'd you. I want to get another opinion. Cover all my bases ya know __________________ retired 06 E90 325i New: 09 VW Platinum Grey Jetta Sportwagen 2.0T SEL w/DSG, panoramic sunroof and Ipod adapter
	Appreciate 0 Quote

03-12-2009, 04:43 PM	#10
TENCHI Lieutenant 53 Rep 552 Posts Drives: '19 G12, '17 E300 Join Date: Feb 2006 Location: Seattle iTrader: (0)	PM sent as well __________________
	Appreciate 0 Quote