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Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > M Series > E90/E92/E93 M3 (2008 - 2014)

E90/E92/E93 M3 (2008 - 2014)
4th generation E90 M3 sedan, E92 M3 coupe and E93 M3 convertible. The last of the naturally aspirated M3s, powered by a 4.0 liter V8 making 414hp and 295 lb-ft of torque.

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  #1  
Old 04-07-2013, 06:40 PM
jc05x5 jc05x5 is offline
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End of Lease

So I have an end of lease coming up on my 2011 M3 and I'm thinking of the best way to get the most of the dealer I get my next one from. Would love to hear how some of you have played lease end to your advantage. I've been leasing from BMW since 2002 but always am looking for better ways to maximize by buying power and minimize my out of pocket.

So let's hear from all the pros....
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I've loved em all....

2013 X5 5.0 M (White/Sand) - Ordered
2012 X5 Diesel (Titanium/Oyster) - Wife is loving it

2011 M3 Vert (Alpine/Beige) - Gone
2008 550i (Space Grey/Grey) - Gone
2006 M3 Vert (Imola Red/Imola Red) - Gone

2005 X5 (Grey/Black) - Son driving it now
2005 X5 (Black/Tan) - Died after a week
2005 X5 (Kalahari/Tan) - Gone
2004 M3 Vert (Blue/Grey) - Gone
2002 330ci (Silver/Black) - Gone
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  #2  
Old 04-08-2013, 06:20 PM
jc05x5 jc05x5 is offline
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Bump...

Wow no opinions on this forum... that's something new.
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JC in NC
___________________________________
I've loved em all....

2013 X5 5.0 M (White/Sand) - Ordered
2012 X5 Diesel (Titanium/Oyster) - Wife is loving it

2011 M3 Vert (Alpine/Beige) - Gone
2008 550i (Space Grey/Grey) - Gone
2006 M3 Vert (Imola Red/Imola Red) - Gone

2005 X5 (Grey/Black) - Son driving it now
2005 X5 (Black/Tan) - Died after a week
2005 X5 (Kalahari/Tan) - Gone
2004 M3 Vert (Blue/Grey) - Gone
2002 330ci (Silver/Black) - Gone
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  #3  
Old 04-08-2013, 10:08 PM
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enigma enigma is offline
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Unless you think the residual is way low as compared to the market value, and consequently, you have equity in the car, I don't know what leverage you have in your next purchase.
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  #4  
Old 04-09-2013, 03:01 PM
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650 Ryder 650 Ryder is offline
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The only leverage you'll have will be a tax credit on the new car.......unless you put down a ton of money up front. And judging from this post I would say you didn't do that. The only other victory will be the money you might get back if you are 2-3k under your mileage allotment. So prepare to just walk away from the car or buy it if the buyout is a deal. GL................Phil
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  #5  
Old 04-09-2013, 07:38 PM
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dalekressin dalekressin is offline
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JC
There are a lot of angles to view.
As others stated, you really have no leverage.
Consider a Euro Delivery deal with trade.
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  #6  
Old 04-10-2013, 06:57 AM
CliffJumper CliffJumper is offline
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Perhaps look into pull ahead offers? As a repeat leaser, you probably know the ins and outs already...
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  #7  
Old 04-11-2013, 01:37 PM
ksoze ksoze is offline
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Quote:
Originally Posted by 650 Ryder View Post
The only other victory will be the money you might get back if you are 2-3k under your mileage allotment.
Since when does BMW give back money for mileage under the allocated amount?
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  #8  
Old 04-11-2013, 06:32 PM
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650 Ryder 650 Ryder is offline
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Quote:
Originally Posted by ksoze View Post
Since when does BMW give back money for mileage under the allocated amount?
They've been doing it.....I'm on my 5th lease and all of the cars my wife drives are always under and we get a mileage credit.................Phil
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2011.5 Dinan ///M3:
SSII DCT
Comp, Conv, Premium 2 Pkg
Heated Seats
Enhnd Prem Sound
BMW Edition Grills / Gills
BMW M Perf. Steering Wheel
BMW Carbon Fiber Perf. Spoiler
BMW Pedals
Dinan Exhaust
Dinan Mid Racing Exhaust (x-pipe)
Dinan Carbon Fiber Intake
Dinan Racing Middle Exhaust Software
Dinan DCT Tune
Dinan Pulley Kit
Dinan CH-R Wheels
Dinan Carbon Fiber Strut Tower Braces
IND M5 Scheme Mirror Caps
Arkym Front Lip
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  #9  
Old 04-12-2013, 12:43 AM
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enigma enigma is offline
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Quote:
Originally Posted by 650 Ryder View Post
They've been doing it.....I'm on my 5th lease and all of the cars my wife drives are always under and we get a mileage credit.................Phil
As far as I am aware, they give you a mileage credit, if you lease another vehicle, not a cash-back. There is a different between hard cash and a mileage credit (only good if you are leasing another BMW and you need the extra miles).
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  #10  
Old 04-12-2013, 06:44 AM
ksoze ksoze is offline
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Potential mileage credit towards a future lease and money back are not the same technically

The downside with these boosted residuals is less flexibility at lease end - is nice going in, not so exiting. The dealer most likely makes out better with a car under mileage, but BMW also gambled with an artificial residual and probably figures the spoils are theirs.
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  #11  
Old 04-12-2013, 06:18 PM
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650 Ryder 650 Ryder is offline
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Quote:
Originally Posted by ksoze View Post
Potential mileage credit towards a future lease and money back are not the same technically

The downside with these boosted residuals is less flexibility at lease end - is nice going in, not so exiting. The dealer most likely makes out better with a car under mileage, but BMW also gambled with an artificial residual and probably figures the spoils are theirs.
OK....here's the trick. You should not lease end the car. Do your best to sell the car to the dealer. All my cars are in great condition when the time comes. The dealer has purchased everyone of them so the mileage is like equity. I've gotten 2 checks back and used one credit towards my first months payment. It's do-able but you gotta know the lease game. You can also get a mileage credit if you buy miles prior to your lease ending and don't use all the miles you purchased......I did this with my 650i.....................Phil
__________________

2011.5 Dinan ///M3:
SSII DCT
Comp, Conv, Premium 2 Pkg
Heated Seats
Enhnd Prem Sound
BMW Edition Grills / Gills
BMW M Perf. Steering Wheel
BMW Carbon Fiber Perf. Spoiler
BMW Pedals
Dinan Exhaust
Dinan Mid Racing Exhaust (x-pipe)
Dinan Carbon Fiber Intake
Dinan Racing Middle Exhaust Software
Dinan DCT Tune
Dinan Pulley Kit
Dinan CH-R Wheels
Dinan Carbon Fiber Strut Tower Braces
IND M5 Scheme Mirror Caps
Arkym Front Lip
Carbon Front Reflectors
Lux H8 V3
Brembo 365mm BBK
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  #12  
Old 04-13-2013, 06:46 AM
ksoze ksoze is offline
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Clarification from the F10 forums on lease end mileage money:

Quote:
The ONLY time BMWFS reimburses you for unused miles is if you purchase more than 15,000 miles per year and don't use them all (i.e a 3 year lease for 20,000 miles per year, vehicle returned with 52,000 miles on the clock). And the "early turn in" you reference is called a "Pull Ahead", and is a way that BMWFS manages its Pre-Owned inventory. (E.g. erlier this year dealers were short on pre-owned X5's, so BMWFS ran a Pull Ahead to build up inventory). Pull ahead programs come and go, and you cannot count on one being there "when you need it."
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  #13  
Old 04-13-2013, 10:35 AM
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650 Ryder 650 Ryder is offline
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Quote:
Originally Posted by ksoze View Post
Clarification from the F10 forums on lease end mileage money:
I'm aware of the pull ahead program.....I've done it before. And as far as the mileage money....maybe you better establish a better relationship with your dealer. If I hadn't done this 3 times I might be inclined to believe some forum chatter. But since I know better from first hand experience, I'll go with that. The last car I did this on was contracted for 10k miles a year. The car went back with 26k and the check was cut. So the 15k a year non-sense is not valid. OP, good luck on your next car purchase or lease........Phil
__________________

2011.5 Dinan ///M3:
SSII DCT
Comp, Conv, Premium 2 Pkg
Heated Seats
Enhnd Prem Sound
BMW Edition Grills / Gills
BMW M Perf. Steering Wheel
BMW Carbon Fiber Perf. Spoiler
BMW Pedals
Dinan Exhaust
Dinan Mid Racing Exhaust (x-pipe)
Dinan Carbon Fiber Intake
Dinan Racing Middle Exhaust Software
Dinan DCT Tune
Dinan Pulley Kit
Dinan CH-R Wheels
Dinan Carbon Fiber Strut Tower Braces
IND M5 Scheme Mirror Caps
Arkym Front Lip
Carbon Front Reflectors
Lux H8 V3
Brembo 365mm BBK
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  #14  
Old 04-13-2013, 12:46 PM
ksoze ksoze is offline
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Quote:
Originally Posted by 650 Ryder View Post
The car went back with 26k and the check was cut.
Not doubting you, just looking if there is any BMW policy on low mileage lease returns.

How much was the check that was cut to you for the last car? Were you required to put it down on another lease? Was your 26K car allocated 30K miles (3 x 10K)?
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  #15  
Old 04-13-2013, 02:54 PM
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650 Ryder 650 Ryder is offline
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Quote:
Originally Posted by ksoze View Post
Not doubting you, just looking if there is any BMW policy on low mileage lease returns.

How much was the check that was cut to you for the last car? Were you required to put it down on another lease? Was your 26K car allocated 30K miles (3 x 10K)?
Yes the check was based on 30k miles (10k per year) and the wife only drove 26k and some change. So the check amout was paid out at somewhere around .15 per mile I believe. And no you don't have to use it for a down payment. Remember, the residual is based in part off the number of miles the car will have upon returning it. If it has less than the projected miles it's worth more. So you get that credit because your payment was factored in with 30k.......................Phil
__________________

2011.5 Dinan ///M3:
SSII DCT
Comp, Conv, Premium 2 Pkg
Heated Seats
Enhnd Prem Sound
BMW Edition Grills / Gills
BMW M Perf. Steering Wheel
BMW Carbon Fiber Perf. Spoiler
BMW Pedals
Dinan Exhaust
Dinan Mid Racing Exhaust (x-pipe)
Dinan Carbon Fiber Intake
Dinan Racing Middle Exhaust Software
Dinan DCT Tune
Dinan Pulley Kit
Dinan CH-R Wheels
Dinan Carbon Fiber Strut Tower Braces
IND M5 Scheme Mirror Caps
Arkym Front Lip
Carbon Front Reflectors
Lux H8 V3
Brembo 365mm BBK
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