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Ask-A-Dealer
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  #1  
Old 07-25-2009, 08:59 AM
drnkdiva drnkdiva is offline
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Mein Auto: 530XI
Lease set to expire in 60 days what to do?

I have an '07 530XI that is coming to the end of its lease in 60 days. I only have approximately 18000 miles on it & its spotless. The contracted residual amt is 37400. I would like to keep it if I could get a fair price & financing for it. Anyone tell me what I should expect to pay for it? (I'm assuming that i can still negotiate the residual). Also, what type of financing is available for it? Is it worth it to pay the $2500 to have it CPO? Or would I just be better off getting another lease?

Any help would be appreciated.
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  #2  
Old 07-25-2009, 10:16 AM
Ali@turnersvilleBMW Ali@turnersvilleBMW is offline
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Mein Auto:
What do YOU want to do?
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  #3  
Old 07-25-2009, 10:46 AM
chrischeung chrischeung is offline
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Mein Auto: 2012 ActiveHybrid 7 SWB
Better off getting a new lease - the 535xi is a major improvement.
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  #4  
Old 07-25-2009, 12:07 PM
drnkdiva drnkdiva is offline
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I'd prefer to keep the car, since I haven't really broken it in. Anyone give me a heads up on what type of financing terms are out there & how much off the residual I might expect to pay?
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  #5  
Old 07-25-2009, 01:20 PM
BWM135 BWM135 is offline
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Mein Auto: '08 135 CV
The cruel irony of situations like this is that your car is actually worth more with the low miles that it would have been had you used them up, which in turn makes it less likely that you will get a below residual deal on it. With a stronger used car market, the new turn-in negotiation rules and your low miles I wouldn't take it for granted that the dealer will give you a buyout price that is significantly below your residual. Do some searching, the rules on buyouts have changes recently and there have been a ton of discussions in the last couple of months that will be instructive and useful for you.
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  #6  
Old 07-25-2009, 09:26 PM
zibawala zibawala is offline
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Mein Auto: 2005 x5 4.4, 2010 M3 conv
if some one wants to extend on monthly basis do you contact bmw financial or local dealership?
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  #7  
Old 07-25-2009, 09:38 PM
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DonnaBlackson DonnaBlackson is offline
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Cant extend on a monthly basis unless you have a car on order...
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  #8  
Old 07-25-2009, 09:45 PM
zibawala zibawala is offline
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Quote:
Originally Posted by DonnaBlackson View Post
Cant extend on a monthly basis unless you have a car on order...
I see, otherwise, no simple extension, 6m0-1 year?
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  #9  
Old 07-26-2009, 12:26 AM
wmo168 wmo168 is offline
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What is your allowance mileage on the lease?
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  #10  
Old 07-26-2009, 05:13 AM
drnkdiva drnkdiva is offline
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Quote:
Originally Posted by wmo168 View Post
What is your allowance mileage on the lease?

24K. I figured if need be, I'll just run it up & down 95 several times to burn up miles, since I still have a couple of months.
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  #11  
Old 07-26-2009, 12:10 PM
zibawala zibawala is offline
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Originally Posted by wmo168 View Post
What is your allowance mileage on the lease?
mine 10K
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