Bmw i4 lease ending - 20k over miles

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Title: BMW i4 Lease Ending – 20K Miles Over – Best Strategy?

Hey everyone,

My BMW i4 lease is ending in about 3 months and I’m currently ~20,000 miles over. I am in socal.

Trying to figure out the smartest way to handle this without taking a big hit upfront.

Options I’m considering:

- Rolling into a new BMW lease and seeing if a dealer can absorb some of the mileage / negative equity.

- Targeting demo vehicles to maximize discount and offset the overage.

- Prepaying miles through BMWFS vs just paying at turn-in

Goal is to minimize out-of-pocket and keep the next payment reasonable.

Has anyone here successfully:

1. Rolled significant over-mileage into a new lease?

2. Used demo units to offset negative equity?

3. Seen dealers waive or reduce mileage penalties?

Would appreciate any real data points or strategies that worked.

Andy

2

If you roll the excess mileage charges into the next car you’re still going to pay for them, plus sales tax and rent charges.

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The neq equity is probably going to exceed your miles. If it wasn’t an EV, it might be doable.

If you can prepay it (Does BMW have that? I thought only Nissan did) , it would be best.

Just pay the 5k honestly. The dealer might not want to ‘buy’ the car vs ‘taking it from the bank’ which is a much cheaper option for them.

4

This is not up to the dealer. They may say they are but it’s getting rolled into the new deal (ie you’re paying for it).

Get a few buyout quotes for the vehicle and compare to your current payoff. Probably a long shot but if the difference is less than paying the mileage penalty then thats a better route.

5

I would definitely buy down a good chunk of that overage from bmwfs. You might get some level of forgiveness if you go into a new lease but not 10k-20k miles of over use.

6

If you are going to try to ‘roll over’ anything make sure you know how all the numbers work in a lease otherwise they are going to take huge advantage of you. Best thing to do is just pay the miles off at lease end and truly educate yourself on leasing and work your next deal…or hire a broker.

7

To keep this in perspective, if miles are 25 cents each, so you’re only looking at $5,000.

This is still more than if you’d selected the right mileage allowance at inception, but we aren’t talking about a million dollars here.

And you may be able to prepay at a slightly reduced rate before you turn the car in.

8

Fair point. I’d still prefer to roll it into the next deal vs paying upfront—easier for me.
Open to BMW or even Mercedes, but I’m guessing staying with BMW FS might be easier. Any brokers seen this structured (demo/loaner, loyalty, etc.) where the overage gets absorbed?

9

No one is saying you can’t roll it into the next car, it’s just the most expensive way to pay for it.

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F&I guy would be happy to “take care of those miles for you” and get you into something else. :upside_down_face:

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11

Yep by paying interest and tax on it too!

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Get a BMW credit card and use 0% intro APR + get 4x points on BMW purchases and bonus points to pay for most miles. Then redeem points with extra 25% to pay for more miles.

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13

No one has asked yet, but why are you leasing again if you went 20k over miles? Have circumstances changed where you will not go over again? How many miles per year was the original lease?

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How much was ur original lease ? If it was 10k miles per year, sign up for a 15k per year lease.

  1. prepay at 23 cents per mile =$4600+ tax

  2. Find a heavily discounted demo and once hacked, drive and list on SAL after 1 year or maximum 18 months of your lease. That way someone looking for 10k or lesser allowancs can take over the lease to finish it off.

  3. you can also try hacking one and rolling the $4600 in it and then get rid of it in a year. Collect 2k max on SAL to offset some of ur losses.

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