So it’s 3 years later and my lease is almost over on a 428I Grand Coupe. Although I’d like to keep the car I understand that BMW won’t move from the residual, so it makes sense to look for another option.
Current car:
2016 executive demo with 5,500 miles
2016 lease Expires in December 2019
$30,190 residual
Blue Book $25-28k
33,000 miles current. Max is 35,500 (Dec.)
Found a identical car at original BMW dealer with all the same options as what I have so I’m just getting same car just with less miles.
2016 model year CPO
17,500 miles
Retail price of $34,500
Asking Price $32,900
What would you think is a reasonable price to offer?
What should I be concern off? Appreciate your help and insight.
Appreciate the response and That’s why I ask the question. I am not completely sure which direction I should go. More than likely I’d buy the car and The main reason to go in this direction is color (imperial blue) and price.
I thought the maintenance program ended back in 2017, so it’s no longer covered. That not true?
Also the original warranty should have at least 1 year of the original 4 left then the CPO adds another year to give me 2. The car has only 17,500 miles so the wear and tear is minimal so the car is not a true 4 year old. More like 18 months old (in theory).
Is there a way to negotiate additional years to warranty? Thanks again for your insights.
It really comes down to personal preference and your own cost to own calculation. If you’re going to buy used though, make sure it’s a hell of a deal. $33k for a 2016 doesn’t sound good at all; I’d be looking for that price with a 2018. I’ve seen similar pricing listed for leftover 2018 3 and 4 series demos.
@chrishs2000 Yes, but the title is “BMW Executive Demo Pricing Question” and LH has “lease” in it for a reason. Used car question should be in a new Off Ramp thread referring to this one, at best.
