I need some advice on whether to buy or return my 2020 BMW 330i loaner lease that ends next week. My payoff amount is $25900. I’m almost 3000 under mileage and I’m potentially making small equity in this.
I’d gotten this for a decent low payment of $372/mo (including tax and zero drive offs) and had already gotten it extended for 2 months.
I’ve tried looking at other ICE cars including loaners but everything is so expensive. I’m not looking to get into an EV as we’re looking to keep one gas car between me and my partner.
Yeah, I just got my brakes replaced 3 months ago and I wouldn’t mind owning for 2 yrs. Recent model is the same except the new single curved display with latest idrive.
I was definitely hoping to get into a bigger car, potentially a 5 series but no luck on deals so far.
If you buy it, will you have to pay full sales tax on the buyout? That might eat up all you equity. There is no joy in owning a 4-year old BMW that is almost out of warranty. How much left? A new BMW lease will cost at least $200 a month more, but no warranty or maintenance concerns. Talk to a dealer to see how much equity you would have in trade.
I’ve kept BMWs past warranty before and I wouldn’t be too worried if it had been reliable until then. The warranty can always be extended if that’s a major concern. The included maintenance on new BMWs is a joke. Is there anything more than 3 oil changes in that “package”? That’s sub $300 worth of value on a 330i.
The only one I’d be worried about is the N63.xx motors but that’s not relevant here.
