I currently have 6 months left on my wife’s BMW lease. Our dealer is sending us the “we have great deals” emails. Even if BMW is willing to eat some of the payments we are still upside down. Audi, BMW, Merc, and Jag all seem to have a “summer of saving” sale at the beginning of the summer. I know this is a bit of a crystal ball question. My wife is in no big hurry to get into a new car. Is it better to wait or will there be better deals available at the end of the year to off set my remaining payments. Any advise would be appreciated.
Best time is end of the year because everyone is trying to hit their goals and you have more room to use that against them
End of the year is usually the best time. However if your eating 6 payments on a current lease your probably better off waiting. Your difference will probably not eat the remain payments. You can find deals every month, mid year you just need to look a little harder.
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That was my thought as well. I went by my local Jaguar dealership to investigate a '17 F Type R. The number they came back with was so ridiculous I didn’t even respond. I’m in Austin Tx. There is only one dealer and they know it. Looks like I’m going to have to make a trip to Houston of Dallas when I’m ready.
you can “squeeze” 3 mo extension out of BMW which would put you into late summer which is the time the model year changes and often a great time to get into a new lease.
That’s a great idea. I’m lucky because my wife still likes the car so she doesn’t care when we turn it in.
i would just make sure that you don’t go over the allowed miles and that you are still under warranty. Just call BMW towards the end of your original lease term and tell them you’re negotiating with the dealership on a new BMW, it might take some time for them to locate if they can extend you for 2-3 months they usually are ok with that.
I’m currently 10K under on miles. I’m hoping the F Type will still lease well…
Correct me if im wrong… any given make/model will have a lower residual towards the end of the year, thus lease payments will be higher and a bigger discount off msrp is needed to get good payments
Unless the captive artificially inflates the RV to make a lease more attractive, therefore helping to move out excess inventory. Also depends on the finance rate being offered, and any cash they are throwing on the hood.
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@mp11477 is right on the money + other incentives like costco gift cards are offered etc