BMW Modifying 3rd Party Buyout Info Request Effective 6/25

After running some carvana offers on my current bmw lease, I decided to run it by my bmw dealership to see what they would buy it for. I presented the carvana offer as a starting point for them. My sales rep talked to his manager who concluded they couldn’t match the offer.

The manager also advised to just take the carvana offer as soon as possible, because he’s hearing that BMW is going to follow GM soon in terms of no longer allowing third party lease buyouts. Wondering if anyone has heard similar stories lately, or if he’s just blowing smoke. He has nothing to gain by telling me this.

Reposting this from Reddit:

@Bostoncarconcierge - have you heard about this? Good thing you got yours sold asap.

@BMW_Dave have you heard anything you can share?

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Let the class action lawsuits begin.


sigh…how long do you think it’ll be until all of leasehackr is stuck with Wrangler 4xe’s that are tricky to sell?


Exactly: one named person and several message board avatars who they couldn’t get to come forward by name.

It will never be all, but yeah when the music stops, more than one person will find themselves without a chair. It happens. They’ll blame the banks.


Yikes! I have a Carmax offer in hand plan to sell my BMW Monday for $4k equity. Any idea if this is already being implemented or will be implemented in near future (I know GM says starting 7/1)?

Market is moving fast. Sold an X1 at 26.2K to Shift 2 weeks ago. They tried to sell it at 28 and now it is priced 26.5 + 1.25K service fee. They are offering only 24K for the same car now. Not sure whether there is a 10% dip in offers in 2 weeks… But it is highly likely the forces are correcting the imbalances fast…


u/Micosilver is legit, so I trust him as a source. It is a shame that captives are going this route.


I could still be in trouble technically

Payoff hasn’t been sent so if BMW puts an immediately halt on these before payoff check is received, I guess I’d be left up shits creek without a paddle and back to assumptions

Edit- I called GMTV and they said since it’s already dated and in process I have nothing to worry about.

That said, I’ll be worried until I see my account close.

For sure, although if I’m honest with myself I can’t say I really blame them.

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I can understand with leases, but if you are financing, you should be free to trade it in or sell it any point. I guess you always have the possibility of just paying it off then selling it, but why jump through those hoops when there is no reason to. It also messes with sale tax credits in a lot of states, which is the big reason to be upset. If you want to buy another brand, you can no longer save on sales tax (if you don’t have the cash to buy it out). So now not only can your local dealer low ball you on your BMW, but you can lose thousands in tax savings. If I was a lawyer, I would seriously be looking into a class action suit but I am sure the suits at the captives have explored that.

A post was split to a new topic: MB No Longer Allowing 3rd Party Buyouts

Since the lease terms never gave the right to anyone other than the lessee to buy the car, I do not think a class action would succeed. Additionally, on my last Audi lease, there was a mandatory arbitration clause for any disputes arising out of the lease. Assuming BMW has a similar clause, a class action lawsuit would not succeed.


Do the captives own the car during the lease term? Was the intent of that language - regarding payoff - was to say how the lessee could take control of the car or buy it out by him/herself or through an agency - at lease end or doing lease since the car was SOLD to the lessee during the initial transaction?

I don’t understand the argument that lessee does not own the car during the lease period. Captives do own the car once it is returned until then they own the financing part of it.

Yes! Leasing = The captive buys the car from the manufacturer and rents it to you, for the terms you sign at inception.

That was a joke, because that’s where a lot of these threads eventually end up.


They own it from day one.

The lessee owns the car as much as you own the car you rent from hertz on vacation.

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This never happened

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