Does the bank do a hefty amount of reconditioning or just take a hit on the value of the vehicles at the auction?
@ethanrs arrived with receipts! Also, that poor car.
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Iām guessing the person who buys it at auction does the reconditioning depending on the deal. From what Iāve seen, the residual values have nothing to do with what happens at auction. The data point one would need would be how much does it COST for BMW to make the X3 the OP is posting about.
I got a screaming deal on 2015 7er when the body style was changing in 2016. Residual at the end of lease was >$70k. I had access to auction sites and my very clean, low mileage car was selling for $50-52k in the Midwest. I called BMWFS myself and told them Iād pay that much to buy it out. They wouldnāt do it even though they agreed with my argument that NO ONE, including the dealership was paying residual for that car. Talked to the lease manager at my dealership and found out they could basically get it for auction prices or little less, but theyād have to charge me something because I couldnāt just get my own car back that way per rules from BMW corporateā¦ no idea if thatās true. I passed and leased a new BMW.
I think everyone here has a little bit of truth to their arguments. I blew out 3 RFTs on potholes when BMW first started using them. At the time, it was Goodyear, and they replaced for free sighting manufacturer defect. Next couple leases (depending on rims and profile of tires), I had a couple blow out/bubbles that I had to pay for. However, still way cheaper than paying for the extra āinsuranceā I got offered on them in F&I. If I lived in NYC, Iād probably consider, but would do what someone stated aboveā¦ negotiate the price OR just go the Tire Rack route (who Iāve used for pricing on all of my replacement tires for years). The key fob insurance thing I find amusing especially in the era of Comfort Access, but just like I said aboveā¦ never been charged for anything when turning in my BMW, no matter how bad (probably/hopefully because I have always gotten another one) and Iāve never lost a key fob, but I also donāt live or have to park downtown on the street.
Pretty much everything is marked up at a dealership. High end extended warranties for purchased Bimmers will cost you $5000+ in my town. Same guy who brokers to the dealerships will sell you similar or better termed coverage for $2600-2800 if you know how to get a hold of him. Same thing for window tinting. Paid $400 at one dealership once when I was younger only to find out they used the tinting company up the roadā¦ now I just go directly to them and pay $200 for exact same product.
Education is powerā¦ thatās why I love this website so muchā¦ and the bickering of course. 
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Get the Trucoat, trust me.
Depends on the bank. They take a hit on the condition report (which effects MMR now that it takes CR into account). Chase actually does the repair before the car runs through the lane. Most of what they bill customers is wholesale rate for the repairs that will be done. The bank doesnāt charge people for the fun of it, it is just covering their losses caused by the lessee.
Not in the least. I didnāt get ripped off by this crap what do I have to salty about. I know how to say no. Itās interesting that you would read into this, that I am salty when in fact I am trying to save someone that may not know better from getting ripped off in the F&I office.
I understand that they are generally overpriced packages, but if someone wanted one, how much does the dealership go down in price?
For instance, Hyundai Iāve seen it for $300, Chevy - $500, Toyota - $400.
I know BMW is a premium brand, but how negotiable are these packages with BMW?
Anyone know what does the bmw tire and wheel protection plan go for on a 5 series here in CA?
When I turned in my 2016 X5 40e, the dealer was shocked that there was nothing wrong with it. He just couldnāt believe it. Iām guessing he sees a lot of what you pictured in your examplesā¦