End Of Lease Advice

Ask the Hackrs
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1

Hello,

Currently, I am leasing 2017 BMW 330e for which lease is ending in Aug 2020. I have 7 payments of $380 still left. If I wait until Aug 2020 to return my lease I will over run 30K mileage. However, I do have an option to purchase additional mileage which is going to cost me around $1,200.

Now that I got a letter from dealer for early end of lease option. I decided to visit their shop to find out what option do I have. I have an eye on 530e which i did test drive and i kind of liked it. Here is the option they are offering me

  1. They are taking off remaining 7 payments on 330e.
  2. I can lease brand new 530e: $2000 as DAS with a monthly payment of $671 including tax

2020 530e MSRP: $61,600
discount: $5,100
Selling Price:$56,500

May I know is this a good deal to offset my current lease of 7 payments + additional mileage purchase?

2

They are not taking off 7 payments they are rolling it into your new lease. You are paying for it either way.

3

thanks capscup2018 for the reply.

4

See other posts for the 530e…like this one…

…and contacting a broker may be a better way to go for you.
They are not giving you anything.

5

thanks mark.ca, will check with broker who deals in Nor Cal