Got inspired by a previous hacker post and received this offer on a bmw m4 convertible.
Msrp: 97k
Selling price: 86k
Mf: .002
Loyalty: 500
Out of pocket: 8,790 (positive lease equity)
Should I pull the trigger or do you think there is more wiggle room? Other options would be a used 2020 bmw m8 convertible for 93k or to purchase my leased 2020 convertible m4 (manual trans) for 48k
Hmm, out of warranty? Scary prospect for a BMW let alone an M. I would go with the lease, or if you’re not in love with this new one, extend the 2020 lease until you can find your passion.
I would personally lean towards keeping the current car (as opposed to paying that amount to lease a new one). The used m8 would very likely be my last choice, if an option at all.
Nah, the size isn’t an issue for me… depending on your use of the car. I would prefer not to purchase a preowned M car, and the warranty is the other aspect. If we’re lucky there are 2 years remaining? Again, depending on the use and intentions of the car. If I planned to hold for a shorter term, maybe the warranty is a major deal. OTOH, will the value drop faster once out of warranty on that car?
Have you shopped around to determine that you are being offered a decent trade value? That is really your basis here, unfortunately. We’re making the rest of the deal murky without that information.
Reminder that auto groups should be able to buy the lease out as well, assuming they have a bmw location in their circle (and are obviously willing to do that).