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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  
Old 10-21-2010, 08:06 AM
xsi123 xsi123 is offline
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Question 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  
Old 10-21-2010, 08:16 AM
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TJPark01 TJPark01 is offline
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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  
Old 10-21-2010, 08:59 AM
smhoer smhoer is offline
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Quote:
Originally Posted by xsi123 View Post
Also, with whom do you negotiate if you want to purchase the car after the lease period ends?
If you are purchasing based on your residual and do not plan to get it CPO's you negotiate with BMWFS.
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Old 10-21-2010, 10:23 AM
xsi123 xsi123 is offline
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Quote:
Originally Posted by smhoer View Post
If you are purchasing based on your residual and do not plan to get it CPO's you negotiate with BMWFS.
A little bit confused here. Who owns the car after the lease period? Is it the Dealer or BMW?
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  #5  
Old 10-21-2010, 10:35 AM
smhoer smhoer is offline
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Quote:
Originally Posted by xsi123 View Post
a little bit confused here. Who owns the car after the lease period? Is it the dealer or bmw?
bmw na
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  #6  
Old 10-21-2010, 11:13 AM
Eirerogue Eirerogue is offline
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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  
Old 10-21-2010, 05:33 PM
repstein repstein is offline
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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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Old 10-21-2010, 06:23 PM
pharding pharding is offline
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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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