Was planning to buy out my 2018 X5 lease, buyout is $37,XXX. I saw BMW financial has $500 credit, $500 loyalty, 3 months of no payments and 0.9% APR for a certified pre owned. Can I get this if I am buying out my own lease, or would I have to pay to get it certified and then buy it out? Or does it only apply if you are buying a certified pre owned right from the dealer? Dealer wants me to come in and sit down with the finance manager.
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Not sure if BMWFS is still disallowing their dealers from reselling back to the lessee. Or if that was just for cars the dealers purchased below RV.
If BMWFS allows it, you’ll ground your lease with the understanding the dealer will certify it as CPO and sell it back to you at a pre-agreed price.
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Yes, you can CPO with your dealer. There’s a buyout price and then the dealer certifies it like they would any other car. You will likely qualify for the $500 CPO credit but not the Loyalty since it’s your own car. And yes, you will have to go to the dealer to CPO.
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