I have a 2010 BMW X5 35D whose lease is ending in February of 2013 - 6/7 months until expiration.
Residual value is $33,000 - nothing wrong with the car, perfect shape, should come right in at 36,000 miles by that point in time (31,000 miles currently).
Car has comfort, premium, tech, etc and currently has a trade value on it of $39.000~.
I can't see it losing 6K in value between now and February (it just took a 2Kish hit due to model year change over) so my question is, if there is positive equity what should I do?
Should I pay the buyout and trade in closer to the end point. Should I just buy it at residual at lease end? Is it likely that I negotiate a lower buy point even if there is some positive equity sitting around?
I've never exited a lease before so just trying to feel out the options.
Anything that would involve exiting the lease now and have it be profitable for me and move to another car?