Hey, Leasehackr Jedis, coming up on end of lease. ‘21 X3 24k miles, good condition, $25k buyout. Stick with the car and buy? It’s been good, you know about the equity from ‘21s, etc. I’d need to finance. I can extend lease to knock down buyout before paying the interest but I’d have to pay DMV soon, so I need to decide since I don’t want to pay that and then change to go to new car and pay again. Is buying a good choice here?
Clean Carfax no accidents, buy it.
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How long can you extend the lease?
I can extend two months without an order for a new car, maybe an extra month into April to knock it down to $24+ which is what I’d do if I can.
By the way, the misses is Argentinian, so I love the avatar and name. 
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Damn, I’ve got two months left on my 36-mo lease of a 2021 X3 ($51k MSRP), 10k/year and my payoff is $31,539. I guess having the good residual on my deal is hurting me on the payoff.
Just not worth it to me when Carvana is quoting $25k to buy it.
So I’ll be returning and likely getting an EQE.
I agree with that. I checked, and even though you have a model with more features, it’s probably that the market is more awash in these models. My payoff is 25, and I’m seeing anywhere from 27-32, but above all you need to make sure you’re not getting crushed with the residual if you’re going to need to finance. 7% is killer versus the 3% I got on my other car 4-5 years ago. $1000s more in interest.
Depends on what your other choices are. Ideally you’d want to evaluate all your choices, leave nothing off the table, and then make the best choice.
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