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Old 02-12-2012, 10:32 AM
pcbrew pcbrew is offline
Officially Welcomed to the 'Fest
Location: DFW
Join Date: Aug 2009
Posts: 587
Mein Auto: E46 330i
Originally Posted by rs123 View Post
okay thanks for the info.

My other question is, if I decide to do the owners choice way lets say after 4 years I decide I don't want the car anymore, do I have to stay with bmw to get the balloon amount put in as a down payment? or could I switch to a different dealership (MB/audi/lexus) etc - and use the same balloon payment as a down payment on one of those cars?
Not sure if you understand the concept. OC will likely be for 3 years, as most leases. After 3 years of relatively low payments similar to lease, you have the option of a) returning the car to BMW or b) purchasing the car for the agreed on residual amount. The latter is the balloon portion, you have no equity in the car after 3 years unless, for some reason, you could sell it for more than the agreed to residual.

The only benefit to OC is that, in states like IL & TX, you have to pay sales tax up front on the entire purchase price and, with OC, you don't have to pay taxes again on a lease sale if you keep the car.

'02 E46 330i 5MT (ED Sept '02) - SOLD
'12 F30 335i Sport 6MT (ED May '12)