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F10 / F11 (2011 - Current)
The new chapter in the highly successful story of the BMW 5 Series Sedan (F10) and wagon (F11) |
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#1
10-21-2010, 08:06 AM
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Leasing question...
Let's say you lease for 3 years. After a year you move to a different state. Your lease period is ending...
Where do you return the car? Also, with whom do you negotiate if you want to purchase the car after the lease period ends? Do you have to go back to the original dealer? 
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#2
10-21-2010, 08:16 AM
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Where do you return the car?
BMW Dealer, but they may charge you for not returning the car to the same dealer. Also, with whom do you negotiate if you want to purchase the car after the lease period ends? BMW Dealer (they are the agent for the leasing company) Do you have to go back to the original dealer? No. http://www.carbuyingtips.com/lease.htm
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#3
10-21-2010, 08:59 AM
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Quote:
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#4
10-21-2010, 10:23 AM
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Quote:
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#5
10-21-2010, 10:35 AM
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Quote:
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#6
10-21-2010, 11:13 AM
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I leased my 530 in Texas and returned it into BMW Las Vegas. No problems in dealing with BMW NA. For me, it was fast and easy.
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#7
10-21-2010, 05:33 PM
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Your leasing company owns the car. The dealer is just an agent. From what I gather, if you return the car to a different dealer (return, not buy from the leasing company), they are not obligated to CPO the car and put it up for sale. At their option, they can send it to auction. On the other hand, if you return it back to the original dealer, from what I was told, they have to CPO it and put it up for sale on their lot. Neither of these issues are really of any concern to you, but thought that was interesting.
I haven't heard of additional charges when you return the car to a dealer other than the original one. News to me. Randy
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Current: 2013 Mercedes-Benz ML63 AMG Loaded 2011 BMW 750Li Carbon Blk Metallic, Oyster/Blk Nappa Leather, Ash Grain Trim, (Camera, Cold Weather, Driver Assist, Luxury Seats, M Sport w/20" Wheels, Premium Sound, Rear Entertainment Pkgs), Integral Active Steering, Instrument Panel w/ Leather, Ceramic Controls, Head-up Display, Smartphone Integration, Combox 2004 BMW 745Li Titanium Silver, Black Leather Former: 2008 BMW 750Li, 2001 Audi A6 2.7T, 1998 Ford Expedition, 1993 Lexus ES300
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#8
10-21-2010, 06:23 PM
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Return the car to any dealer.
Negotiate with BMW FS. When my son's 330 came off lease. They offered residual value minus $3,000. I countered with minus $5,000 and I told them that was the best he could do. They accepted my counter over. Great deal on a great car for my son.
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04 Successfully lobbied BMW NA and BMW FS to prohibit dealers from using residual values based upon Euro Delivery MSRP and to use US MSRP saving BMW Enthusiasts several thousand dollars on each lease 14 535d Euro Del 14 X3 11 550i Euro Del 08 550i Euro Del, Retired 06 330i Euro Del, Retired 04 545i Euro Del, Retired 01 530i Euro Del, Retired
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