Can you actually lease a CPO BMW? I always thought it’s not possible to lease a “used” car, but I’m seeing this advertised at a lot of dealership websites. Anyone have any experience.
https://www.bmwmonterey.com/lease-a-certified-pre-owned-bmw.htm
@BMW_Dave Have you heard of this?
Probably a loaner.
As I recently learned, you can lease a used car. Now the better questions are , are you getting a good MF / RV / Payment?
Sometimes those are so bad you might as well lease a new car.
I guess if you like leasing a car that will run out of warranty and will need major maintenance and consumables replaced, then it is a great route to go.
These are BMW loaners, under 5,000 miles can be CPO and leased.
Click the link, those cars have 12k on them
Interesting, I wonder if thats still bmwfs.
Because it’s not a lease. That’s a balloon payment (BMW Select)
So you get to pay all the tax upfront as well? Yuck.
Its not BMWFS. .
We’ve done it in the past. Certain banks will “lease” a used car and it looks like they have that set up.
It was always a pain and we stopped years ago.
I recently saw that Audi also started offering this. Short term leases on used, most likely lease return vehicles.
A few years ago I did it on a BMW w/ 16,000 miles on it. It wasn’t the cost savings you think it would be. I’ve written about it on here before.
It was through BMWFS, it’s on the Infobahn hidden away though.
@IAC hit it on the head. I love that they call this a lease. LOL! It’s a Select balloon loan. Not a lease at all.
Flexible Lease Plans
With the BMW Select Program, the dream of driving a BMW is more affordable than ever. Customize your lease payments to better fit your budget, with the option to refinance or pay the full balance at the end of your term. We disclose the term-end balloon payment up-front, so you can make arrangements to either purchase your CPO BMW, or if you prefer, sell or trade-in. Either way, a CPO BMW is within your reach.
Talk about creative marketing…
Thanks. It seemed too good to be true.
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