08-08-2023, 02:05 PM | #1 |
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What's your MSRP and lease buyout price?
I'm curious to know what everyones MSRP and lease buyout price is? Trying to determine if I hold my breath and go for a very-pricey 36/mo lease on a G80, will there be a good reason to buy the vehicle after the lease end..
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08-08-2023, 03:10 PM | #2 |
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There is almost never a good reason to buy a car off-lease. If you want to own it longer than three years, buy it now.
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kgelfen3602311.00 LuckyBrand1454.50 |
08-08-2023, 03:42 PM | #3 |
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The only good reason to buy it is if the car is worth more than the buyout. If you want to capitalize on the equity you would most likely need to buy it privately and sell it. The dealerships don't really like cutting equity checks and if they do it's not going to be a good amount.
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corbinwilliams113.50 |
08-08-2023, 03:56 PM | #4 | |
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The days of huge equity in lease buyouts is mostly gone, the market has and will continue to adjust. Plus, you have to pay tax on the buyout which usually negates, or seriously impacts equity. |
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corbinwilliams113.50 |
08-08-2023, 04:16 PM | #5 |
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Yes I agree prices are coming back to reality.. but some people do still have substantial equity. Anyone who got in a 2021 early with a discount I'm sure have a large chunk of equity that won't just hand it back to the dealer.
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corbinwilliams113.50 |
08-08-2023, 07:05 PM | #6 |
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I got a ‘21 comp at discount. $47k buyout in one year. Currently 10k miles. G80 going to be worth less than that in one year? I’m hoping not.
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2021 G80 Comp
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corbinwilliams113.50 |
08-08-2023, 10:39 PM | #7 |
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Thanks for the info, nobody has really been responding the way I expected. I bought out my current BMW due to pricing and it worked out perfectly, was trying to gauge if BMW is raping people on both ends of the deal which is why I asked MSRP and the buyout after 3 year lease. Leasing for me is the way to go, but who knows if I’ll want to buyout after the lease since it goes by so quickly.
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08-08-2023, 11:20 PM | #8 | |
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The once in life time situation that occurred with Covid and value of leased cars is not going to happen again anytime soon. |
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corbinwilliams113.50 DocWeatherington2951.00 |
08-08-2023, 11:29 PM | #9 |
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08-09-2023, 05:44 AM | #10 |
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Just got offered $12,000 in equity on my 2022 M3 without even trying. Got $7,000-$8,000 (forget exactly now) on my wife’s 2020 X3M last year with 2 car fax hits and $4,000 on my Alfa the year before. All from BMW dealers.
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08-09-2023, 09:01 AM | #12 |
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In the end it's going to be what does the market demand and what is the value of the car in 3yrs.
In reference you can always sell your car to another bmw connected dealership not the same dealership in which you leased it from and or the same dealership your getting the new car from. It can even be a leasing company that leases Bmws With that you can get the equity out and avoid paying sales tax if it's a dealership vs a private party if the math is present. If your in a state in which your pay all taxes it's a win but some folks will walk away with this on the table. I am going to bet people that those with lease will have equity at lease end as BMW leases are no longer as generous to the buyer in year's past and looking the current Ms will hold as it maybe the last fully ICE versions. Car manufacturers don't want to be upside down on leases at the end but it happens. The other thing to consider is inflation and the fact that the M3/M4 base MSRP has gone up 5-10k since it came out so it's going to be interesting how that affects long term values. |
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08-09-2023, 09:04 AM | #13 | |
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Online leasing company that buy cars are good for this. |
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08-09-2023, 09:12 AM | #14 |
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08-09-2023, 09:19 AM | #15 | |
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So if you sell it to a dealership that isn't a third party aka... You sell to Honda but Honda is connected to BMW via an umbrella group of dealerships it's not a third party. But if it's a dealership that has no Bmw under the group it's a no go from BMWFS. You can also sell it direct to a leasing company but they have to lease bmws. Since it's not a person per say you don't pay sales tax. https://leasehackr-com.cdn.ampprojec...%2Fequityhackr You can turn your bmw into any bmw dealership at lease end so don't feel as if you have to with whomever is not willing to give you equity. |
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kgelfen3602311.00 |
08-09-2023, 09:48 AM | #16 | |
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Adjust Cap Cost- 107,680 (high aspect G80x with CCBs) 36/12.. Lease end purchase 57,631.75 ends on 3/1/26. Out of pocket cost was 2500 which was inclusive of first months rent and deposit. I would think in 2026 this car would be worth more than 57.6k. How much unknown |
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corbinwilliams113.50 Aalfred2664.00 |
08-09-2023, 09:55 AM | #17 | |
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Folks that don't look at the total numbers always walk away with money on the table and in the dealer's hand .. Those that know often get the best deals. |
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Gfit2759.50 |
08-09-2023, 01:15 PM | #18 |
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I'm glad this topic came up because I'm going to move to a G80. I have two 2021 X5's that I leased towards the beginning of Covid. I leased both at the same time and got somewhere around 11% off each. One of the vehicles is a M50i w/ 6K miles on it and the other one has 14K miles. I'm trying to cash in on some of the equity instead of just giving these vehicles back as there's definitely some decent equity in both.
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corbinwilliams113.50 |
08-09-2023, 04:27 PM | #19 | |
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08-12-2023, 11:29 AM | #20 |
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I bought out my 2020 X7 lease in June. Payoff $47,705 minus $6,650 in security deposits. Sold for $50k and did not pay tax.
Here in California, it’s possible to avoid registering with the DMV and paying tax if you sell with a lessor-released title (BMWFS still listed on title when they mail it to you) within 10 days. The catch is only a couple of companies (Carstub, MyCarAuction) are willing to buy it and will put it up for auction. Their quotes will be on the lower end. It made sense for me to save $4.5k in taxes by going with Carstub and it was an easy transaction. |
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