If you are talking about me. I said it is a good deal if he’s not paying cap cost reduction or trade equity in it. I’d take this deal in a heartbeat if the DAS was taxes, fees, license, etc. but it clearly isn’t.
Does it make a difference if its a good deal or not if the trade equity is coming from a lease that im turning in and not a car I own out right?
That would depend on how much you value putting $4300 in your own account and keeping it for whatever purpose…right now you can take this car and sell it to any BMW dealer and accept the highest offer and keep at least $4300 in your pocket.
When brokers / dealers on here are offering the same vehicle at 7% off and your only getting 1% off, you could keep $4,300 and get an almost equivalent deal.
Would you rather have an extra $4,300 or not?
6 Likes
Why would it make a difference if it’s coming from a lease you’re returning vs. equity from a car that you already own?
IMHO, it does make a difference that it was “free money” from equity, period (although many others on the forum will disagree w/ that).
Equity is equity. It doesn’t matter if you are putting cash down for cap cost reduction or equity. If you sold or traded the car with positive equity, you would pocket that money. I think it’s definitely worth hiring a broker if you are unfamiliar with the current lease market or not comfortable with all the numbers. They are well worth the money they charge.
2 Likes
So if you found a lottery ticket on the sidewalk and handed that over to the dealer, you wouldn’t want its value reflected in your deal?
1 Like
This is helpful to me. I bought my 2020 BMW M340xi off my lease. All in payoff, tax, and title came to $41,640 in NJ. I was hoping to get around $51,000 for it. Does any know if that is possible?
On face value that provides very little detail, but likely no
A typical model with 30 to 35,000 miles is going to sell for about 43 on a trade in
1 Like
Take it and run
Don’t ask questions, just take the check and cash it.
Thank you for the advice. Selling it now!
Just a data point for you. Sold my 2020 M340i with 22k miles for $44k (over MMR). I took my time to shop it around, $51k is definitely not possible. Definitely take that offer.
How many offers did you get?
This summer I sold a car and the offers varied wildly.
I got 4 other offers. The highest was $47,000 before this one. I sold it to Car Shop in NJ. They were great people and fair. No negotiation and the deal took about 20 minutes once I said yes to it.
1 Like
Why not keep it? Hard to find something comparable for the price, certainly can’t lease anything without spending a few hundred more a month.
Yeah - it’s beautiful car and I would keep but it’s not driven so it’s not worth keeping in the garage to just depreciate.
2 Likes
This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.