8,000 mile lease?

Mako · 02-13-2015, 09:58 AM

does BMW offer any kind of increased residual for a 8,000 mile lease? I have never seen this mentioned, just 10,000+

I put around 7K-8K miles on my car every year but would rather lease than buy (like new cars every 3 years without dealing with trade in crap), seems silly to pay for a 10,000 mile lease and turn in the car with 21,000-22,000 miles on it while paying for 30,000.

GOLFFRR · 02-13-2015, 10:13 AM

nope

TTG · 02-13-2015, 06:42 PM

Nope but if you do your homework, your car will have an equity at the end of lease return and your dealer should give you credit for it.

MRCUR · 02-13-2015, 06:52 PM

Quote:

Originally Posted by TTG

Nope but if you do your homework, your car will have an equity at the end of lease return and your dealer should give you credit for it.

Very little known fact about leasing - you're allowed to trade the car in at any time as if you owned it! Assuming the market value of the car is higher than the lease buyout value (not necessarily the residual amount), that positive equity is yours to have.

TTG · 02-13-2015, 11:01 PM

Quote:

Originally Posted by MRCUR

Very little known fact about leasing - you're allowed to trade the car in at any time as if you owned it! Assuming the market value of the car is higher than the lease buyout value (not necessarily the residual amount), that positive equity is yours to have.

+1, couldn't of said it better myself.

dantm3 · 02-15-2015, 10:32 AM

True. My wife leased a vw and when we had 4 payments left, we bought another car (needed bigger car). I went to carmax and they basically gave me 400 over buy out... Instead of turning in early, or making 4 more payments and keeping it I was able to make 400 on it.. It had low mileage and wa super clean.. The residual has a profit built in for dealer/lease company to take car back, prep, and resell... If your car has lower mileage, it should be worth more then That number

02-13-2015, 09:58 AM	#1
Mako (Sold) '00 M Roadster '06 M Coupe '16 M3 '20 X3MC 1576 Rep 2,593 Posts Drives: '23 M3 comp Join Date: Jul 2009 Location: Chicago suburbs iTrader: (0)	8,000 mile lease? does BMW offer any kind of increased residual for a 8,000 mile lease? I have never seen this mentioned, just 10,000+ I put around 7K-8K miles on my car every year but would rather lease than buy (like new cars every 3 years without dealing with trade in crap), seems silly to pay for a 10,000 mile lease and turn in the car with 21,000-22,000 miles on it while paying for 30,000.
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02-13-2015, 10:13 AM	#2
GOLFFRR 10873 Rep 27,644 Posts Drives: GOLFFRR cart Join Date: Mar 2009 Location: we sell BMWs to "ALL" US states iTrader: (4)	nope __________________ BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties!
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02-13-2015, 06:42 PM	#3
TTG ... 936 Rep 4,328 Posts Drives: M340 Join Date: Aug 2006 Location: Seattle, WA iTrader: (3) Garage List 2011 BMW M3 [7.84] 2007 335 Coupe (ret ... [9.00]	Nope but if you do your homework, your car will have an equity at the end of lease return and your dealer should give you credit for it. __________________ 2020 G20 M340 xDrive - Portimao Blue - ZDA\|ZPP\|ZPX\|1CR\|1PE\|6NW\|6WD 2016 F10 535i xDrive - AW - Retired 2011 E92 M3 - AW……………....ED April 29th, 2010 - Retired 2007 E92 335i -Space Gray.....ED Oct 19th, 2006 - Retired
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02-15-2015, 10:32 AM	#6
dantm3 Major 649 Rep 1,233 Posts Drives: 2022 M3 Xdrive Join Date: Mar 2010 Location: austin, tx iTrader: (0)	True. My wife leased a vw and when we had 4 payments left, we bought another car (needed bigger car). I went to carmax and they basically gave me 400 over buy out... Instead of turning in early, or making 4 more payments and keeping it I was able to make 400 on it.. It had low mileage and wa super clean.. The residual has a profit built in for dealer/lease company to take car back, prep, and resell... If your car has lower mileage, it should be worth more then That number
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