Honestly I think it’s just because it’s a BMW 3 series.
Historically aren’t a car that retains value (challenge me on this, that’s my observation), and have an inflated residual from bmwfs
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I think its definitely because OP didnt get a pre-covid deal…sold my pre-covid m340 to a bmw dealer for 5.5k+ equity
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before or after you made x number of payments?
had 5 months left on the contract, so after 2.5+ years of payments
I think both can be true. Yes, a 3 series purchased at a good discount off MSRP pre-pandemic may well not have much equity today. Similarly a telluride might not have any equity now if you paid 7.5k over MSRP for it 8 months ago.
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I think one of the brokers on the site mentioned that a few mos ago (or maybe as far as ~1 yr ago), so it’s not just you. 
Esp w/ a 330i.
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I’ve been running appraisals on many 2019 and 2020 3 series vehicles and 9 out of 10 times they come back as $1k to $3k under water.
BMW is one of those brands that never really stopped production during the pandemic, unlike Lexus, Dodge, Mercedes…those vehicles tend to appraise much greater than payoff values.
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that is blatantly wrong. the reason 3’s and 5’s have no value is because they were underwritten at inflated residuals to get to cheap monthly payments.
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I have a 2019 BMW 330i with M-Sport which I got pre-pandemic. I’m at the end of the lease and just did Equityhacker the other day. What they offered was less than the payoff. I also had done Carvana or one of those sites a few months ago and it was the same situation – no equity. Folks here said it was because it was a 330i, small engine and sedan, which are not in demand these days.
Howdy!
Time sure flies eh. It’s true regarding the 330i, My M340I is approaching lease end, in fact I made my last payment weekend and AN quoted me 46K and my payoff is about 38k with taxes. Granted I haven’t done the in person inspection yet.
Equity Hackr LOWBALLS hard, atleast initially.
I was looking to sell my sisters lease for her and when I put in the specs they offered garbage for a car that is decent/high demand. 2019 Hyundai Santa Fe. I did not put any more effort into reaching out after that lowball offer and went through a dealership and sold her car there and made my sister $5k in profit.
I think Equityhackr offered below Payoff LOL.
Only thing is your car is very specific and its only been a year and a couple months which is usually not a good time for early return. You can wait til atleast 2years/2 1/2 years which is a good time to check out options or find a dealership which will buy the car for a even wash.
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Same experience with my M340I, if and when I sell, I will go with AN.
I was away from the site for a little bit … thanks to all for the thoughtful replies!
Things have actually changed a bit, now my kid got into a selective private school, so I’m leaning more toward “need” to get out of the lease to free up monthly expense. I do love the car, but I have 5 cars for just me, so the only one I still have to pay for is starting to “need” to go… lol
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I’d fire the financial advisor who advised you to carry five cars instead of saving for your child’s education.
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Eh, it’s not an impressive or expensive list, just acquired over the years. 1992 Eagle Talon Tsi, 2003 Toyota Tundra, 2005 Toyota Sequoia and a 2013 Toyota Sienna.
Turning the 330i in, I’ll have to break the Talon out again; that car’s a riot to drive with 21 lbs of boost.
College saving no problem, private school for middle school, unexpected. But he’s a talented kid so worth it.
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Similar situation here - 2020 330ix, owe ~$37k through BMWFS payoff, was offered $32,000 via autonation. Pretty much -$400 in equity assuming my lease was paid off by this date. I just wanted to see if I could get bought out early, apply some equity towards the leasing of a Giulia or something as I’m not so concerned with reliability since I don’t drive as much… No luck, but I’ll try again in another 8-9 months.
What’s AN?
Autonation
A classic!!!
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