I am in S Fla. My 2020 M340 lease ends in 5 months, right now I can only sell it a BMW dealer and they won’t pay more than the lease buyout, I am considering buying it now while the interest rate is apron 2.49%, and then , even tough I pay sales tax, I will be able to sell it to anyone. I have a …

I don’t follow your logic. Why would you pay sales tax now to save on sales tax when you trade your car towards an I4? If there is no equity in your 340i now it’s very unlikely that your car will gain value 6 months from today.

Is that $45000 an actual offer to buy (Carvana, Vroom, etc) or just a KBB value? Are you able to sell the car today if you got the right price or do you need it until your new car comes in? If you still need the car - why not wait until you’re ~30 days out and then see what car is worth then? In …

$45k real cash offer,. But bmw won’t allow me to sell to anyone except dealer. I won’t just drop it off at dealer when lease ends, I want to get some cash, if I wanted to buy a M340 similar to mine in options and mileage, I’d have to pay over $50k. There is equity now, but BMW dealers won’t pay it…

the end goal is to obtain some benefit from cars equity, in order to do so I have to own it or trade it in at a BMW dealer. BMW dealer won’t pay anything over BMW financial pay off, they realize 100% of the equity, I want some of it.

Are you trying to sell your car now or not until your new car arrives in Oct? If you’re trying to sell now, then shop it with other BMW dealers. But if you’re not trying to sell until your new i4 comes in then it doesn’t make sense to do anything now.

[image] Bluemkn57cars: What is your current payoff after taxes? Care to answer? It will help determine whether you have any equity. $45,000 - current payoff with taxes = Equity.

I can do the math, but I want to keep the car until I4 arrives, is not looking good, may be end of year. I will wait until I have a better idea when I4 May come in

I’m out. Good luck selling the M340i

Thank you all for your responses

:exploding_head: Can you please mention your buyout today? And also the residual at the end of lease. People will be able to help/advice you better.

BMW M340 Lease ends in 5 months, buy it now or wait

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Bluemkn57cars April 20, 2022, 11:04pm 22

So less than $500 in equity then.

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