If you leased your BMW in 2018-2019 chances are you’re surfing this forum and wondering how you’re going to afford $150 more per month for the same model you got two and half years ago.
Programs have changed (a lot) during that time and with the long term effects of COVID and all the production shortages, the market has completely flipped on its head in the last 4-5 months. Most models are selling at MSRP and many others are getting large addendums of $5-10k over MSRP (Telluride…are you kidding? It’s still a freakin Kia! 
)
So, here we are. You’ve decided it doesn’t make sense to turn in your lease and get something new. But you still need a car and you’d rather drive the one you know, than take on someone else’s previous problems. So what do you do? Do you call BMW Financial and just get the loan from them? Do you get a check from your bank or credit union and send it directly to BMW FS? Neither. And I’ll tell you why…
Option #1 - Buying direct from BMW FS
The simple fact is, when you buy your car directly from BMW FS, it’s not actually “direct” at all. They use a third party company and the financing rates they offer are not the best in the market. If that wasn’t reason enough already, they also don’t do anything with the DMV so you get the insanely fun task of dealing with that lovely organization and all the headache that goes along with it.
Option #2 - Going through your bank
Okay so your bank offered you a better APR than what BMW FS was giving you “directly”. That’s a good start but you still don’t have anyone handling the paperwork or doing the DMV (if in CA). You’re on your own to make sure everything is done correctly and you don’t have the option of rolling the registration into the new loan either. That’ll be another out of pocket expense.
Option #3 - Contacting me directly (or another trusted BMW Client Advisor)
This is the only option a BMW lessee should consider when thinking about buying out their existing lease. Not only will you have an advisor making sure everything is done right, you will also have a finance manager that can make sure you know what the options are for long term warranty and protection products that you may want to consider. We do the paperwork, we take care of the DMV (in CA only) and we get you a better APR than if you went to BMW FS “directly”. Almost all of the required documentation can be completed via DocuSign and you never even have to visit the dealership. It really is that easy.
To find out what your options are, please feel free to call, text or email me directly. Or you can simply fill out my Special Request Form for a quote.
Dave Townsend
Over 300 5-Star Reviews 
BMW of Murrieta - Center of Excellence 7 Years in a Row
951-440-2483 call/text
dave.townsend@bmwofmurrieta.com
But in the last few months, almost every single car had a higher book value than the contracted residual. And that’s awesome because BMW will use the lower of the two. So you’re actually buying out your lease at the best time.
