3rd Party BMW lease buyout

[Ben_W]

Any suggestions for 3rd party lease buyout for my BMW?
Best offer I’ve received so far has been Autonation.
My local dealers in Chicago have made comically low offers, with one generously offering to take it off my hands without giving me any equity at all.
Yet another reason I avoid dealerships.

[AP919]

BMW actually suspended third party buyouts. You can see that here:

List of Lenders that Allow for Third-Party Buyouts

As used car prices soar, many lessees are finding that their vehicles are worth considerably more than their current payoff amount. Instead of simply returning the vehicle at lease end, you may be able to sell the vehicle to a third party (such as Carvana, Shift, Vroom, and CarMax) for a profit. However, some lenders are making it difficult for consumers to access this “lease equity” by charging a higher lease buyout price to third-party buyers than to consumers, or altogether prohibiting third…

AutoNation can buy it out because they have BMW dealerships, so that, EquityHackr, or a broker here who can buy a BMW lease would be your best bet.

It really depends on the car though. Some BMWs leased 3 years ago had residuals north of 60% and they don’t really have much equity right now.

[Ben_W]

I’m aware of the new BMW policy, but there are some companies out there (like AutoNation) that are able to do it. The AutoNation offer gives me $10K in equity. Just trying to cover all my bases.

[Gearhead]

Autonation owns BMW dealerships in their network.

[AP919]

In that case, take it and run!

Have you run it through carvana or vroom, just to compare what they are offering?

[Ben_W]

Doing that as we speak.
Autonation still the strongest number so far.

[max_g]

There are LH brokers who can buy through BMW dealers

Scroll down this thread

List of places to sell or value your car online

For the quickest results: Copy your VIN to your clipboard and just paste it into each site. Quicker than plate lookup. Enter “I own the vehicle” where applicable — you don’t need to get into the details of your lease payoff or loan balance until you’ve eventually chosen one entity to sell to. Use a Google Voice or some other device you can turn off at will. Otherwise your real phone will be bombarded initially. In alphabetical order: Buyer Name Direct Link Review Link AutoCo…

[Ben_W]

Much appreciated.
Exactly what I was looking for.