Hi all – New here. I’m currently in my second leased BMW, and while I negotiated both leases very hard, in browsing this forum I have realized I nonetheless have a lot to learn for the next time around.
But the purpose of this topic is to find out whether I have any hope of getting out of my current lease early. I’m in a 2018 440i Gran Coupe w/xDrive. It’s a beautiful car but doesn’t quite do it for me like the 335 that preceded it, and I’m really intrigued by the new M340i. Also, as my carsick-prone daughter is now big enough for the front seat (and so wouldn’t suffer in the cramped rear), I’m considering an M240i as well… They are so much fun.
My current 36mo lease doesn’t end until October 2020. The current payoff amount is $40,225. According to KBB the car is worth up to ~$35k as a trade-in, up to ~$40k private party (but what a hassle), and when I took it by CarMax yesterday they (of course?) lowballed me at $32,000.
I figure I am probably SOL but wanted to run it by the lease geniuses here in case you have any ideas/suggestions. This is already pretty frivolous so I definitely cannot justify (to myself or my practical, Nissan-driving-until-it-dies husband) eating the difference between the value & the payoff just because I’m bored with my car after 21 months.
The one hope I have is that I’m pretty sure I have read in the past that a BMW dealership can pay off a BMW FS lease for less than the official payoff amount, particularly in order to get a customer into a new BMW. Is that true?
Any other ideas?