Hey all, my lease is almost up in a few months and was wondering if it’s worth buying it out and possibly doing a private sale to get back a few bucks but as this is my first lease I have no idea what I’m doing.
2021 bmw m340i
$66,770 dealer price
Adjusted cap cost $59,000
Down payment 3,400
I’ll probably have 1,500 unused miles at the end of the lease (out of 36,000 total).
Car is in excellent shape. But has one very minor fender bender on record (I know it’ll affect sale price but by how much?). KKB “Very Good” condition is currently $40-44,000 private sale.
Contact @DNA_Auto_Wholesale1 and see if he can get you anything for it, having to pay NY tax will likely eat up your potential profit, if there is any, given the accident on the carfax.
KBB is a guestimate, it’s not legally binding anywhere.
Use the link that max_g showed and get some ‘real’ bids (They are non binding as BMW won’t let you sell a leased car) but you get a real world idea of how much it’s worth, and how much real people will pay for it.
You will get a single number that represents an offer to buy the car – not an opinion of what someone else may or may not pay for the vehicle (which is expressed as a range).
