This is my first post even though I have visited here for the last couple of years. I have purchased $100,000 to $150,000 cars in the last 10 years and never lease a car yet. Last week I went to a BMW dealer near my house and found one that I wanted to purchase. Since the interest rate is high, I wanted to pay in full with some discount. A sales manager asked me to lease a car instead of purchasing since there is a $9,900 lease incentive that can be applied. I asked how fast I can buy out the car without losing the lease incentive. The manager responded “anytime”. His response does not make sense to me and I want to check with you first. Is this true that you can buy out a leased car anytime without losing lease incentives? The car I am interested in is BMW IX and I am located in southern California.
That is correct, if for some reason you want to own the iX, it makes more sense lease it and then buy it out immediately.
Thank you for the response. It seems it is going to be my first lessed car then.
You’re welcome. If I were you, I’d consider just leasing it, unless you really love the car, it probably doesn’t make sense to own it. Think about how for ahead EV tech will be in 3 years, I don’t think these cars will hold great value.