Buying out a lease?

mkaaes · 04-30-2009, 07:04 PM

Has anyone here converted a lease into a purchase? And if so with the economy as it is, how is the negotiating with residual and so forth.

BMW F22 · 04-30-2009, 09:54 PM

Dealers usually take a few grand off the residual value. Anything below that you would have to negotiate for it. I know someone whose residual was about $34k and they negotiated down to about $28k + tax. Of course every dealer is different and it depends on the timing and local market as well.

positiveions · 04-30-2009, 09:58 PM

I got 2k off with some new floor mats. Try that. GL.

04-30-2009, 07:04 PM	#1
mkaaes Lieutenant 26 Rep 419 Posts Drives: 997.2 C4S Join Date: May 2007 Location: seattle iTrader: (2)	Buying out a lease? Has anyone here converted a lease into a purchase? And if so with the economy as it is, how is the negotiating with residual and so forth.
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04-30-2009, 09:54 PM	#2
BMW F22 Major General 3566 Rep 9,788 Posts Drives: ///M235i Join Date: Nov 2005 Location: Bay Area iTrader: (8)	Dealers usually take a few grand off the residual value. Anything below that you would have to negotiate for it. I know someone whose residual was about $34k and they negotiated down to about $28k + tax. Of course every dealer is different and it depends on the timing and local market as well.
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04-30-2009, 09:58 PM	#3
positiveions Lieutenant General 961 Rep 11,722 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	I got 2k off with some new floor mats. Try that. GL.
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