Buyout Lease via Dealer or BMWFS?

[jeisensc]

@wearandtearscam

Should I buy it out via the Dealer or BMW Financial Services? (In CA, if it matters)

BMW 2021 X3 lease-end buyout through BMWFS or a dealer?

Buy it out directly from BMW. Imagine how many buyouts they’ve facilitated… they know what they’re doing. The instructions they provide for what needs to be done with DMV are clear and the process is easy. If you have questions, they have competent people to answer them. And btw it’s more steps in OH where I did mine than it is in CA . For one thing, in OH you have to get new plates because the plates don’t stay with the car. The dealer’s going to have other motivations, even beyond charg…

@wearandtearscam

recommendations on whether to get the extra year of warranty? (I still have a year remaining on my initial 4 year warranty)

BMW Extended Warranty

I was feeling generous so I did the legwork for you:

Extended Warranties - BMW 2018 M5 CPO

Look into other third parties as well - Fidelity is well known and a better value in many cases. Also, very easily cancellable for a pro rata refund. Depending on your state UC + may not be cancellable. This is relevant if you ever sell before the end of the term to someone other than an individual (and thus can’t transfer it).

Extended warranty

I had third-party coverage on a previous vehicle, purchased from PenFed (the entire process was horrific and took weeks to complete, as PenFed is inept at absolutely everything they do). https://www.penfed.org/auto/extended-warranty I checked with my regular service advisor at the dealer before I bought this, and was told that customers (at least the ones who understand that oil changes and dental x-rays aren’t covered) are generally happy with it and the dealership never had problems getting …