First Time Purchasing a Car and Selling Current Lease

Ask the Hackrs
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Hi fellow Hackrs, I have two general questions here.

  1. My first time purchasing a new vehicle at a dealership, and would like some guidance. I’ve managed to secure VW ID.4 at MSRP and will likely get into purchase/ pick up early next week. Are there anything I should look out for/ be cautious with respect to getting into any agreements or purchasing any optional insurances? Not sure typical purchase contract is a boiler plate type, but would be good to know any terms I should review in details. Also, the sales manager from the dealership already sent me an email that I should get extra insurance especially given it’s an EV, but feel like it wouldn’t be necessary. Btw, I have a pre-approval from a local CU and will likely use that for financing.

  2. I have a x2 lease with BMWFS expiring early Jan next year and wonder if I can sell the lease and if there’s any equity. What would be the best way to shop around? I have contacted a couple of local BMW dealership and seems like there’s only a few hundred dollars.

Thanks!

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  1. Probably look into Gap Insurance, that’s the extra he’s probably talking about.

  2. Only BMW Dealerships or Big Autogroups (Like autonation) that have a BMW dealership nearby. And Wow you still have equity! Most people don’t anymore.

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Skip. 99% guaranteed it’s massively overpriced.

For your X2, plug your VIN into these links

If nothing else, several hundred dollars in your pocket and you save disposition.

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