I negotiated down a 2020 BMW m550i last year for $72,000. From there, I’ve paid down 14 payments of 879.

With the pandemic, I’ve driven 3200 miles. Essentially, the car is brand new. I went to Vroom and got a price of $63,500 for it. The remaining cost on the car is $59,960. I figured, I don’t really need this anymore, so I’ll go pocket the difference. BMW wants $66500 for a buyout now.

Anyway, is this to be expected? It feels like used cars are doing very well, and M550is are hard(er) to find, but BMW is jacking up the buyout price.

Rent charge is $6,071.31,
Residual is $46,587.
With AZ tax, payment is $955.
Without: 879
Non tax: 22 months left, $19,352
With tax: 22 months left, $21,010.

They can’t inflate a buyout amount. They’re contractually obligated to what is in your contract. Obviously that would need adjusted due to trying to sell early. Legally though, they can’t inflate anything after the contract is signed.

I forgot the MF now. Looking online, it states you can back into the MF, and I got

sum of monthly fees/((lease price + residual) * lease term).

This comes out to 31667.76 (line G - total of base monthly payments) /(72183 (line C) - adjusted cap cost+46587(line D - residual)*36) = .007 *2400 or 16.8%. Which seems incredibly high. My math is probably wrong though.