Leased a demo 2018 BMW 330GT with 7k miles (new MSRP $54k) and my end of lease is coming up mid-November with option to extend for 2 more months. Payoff amount is just over $29k + tax&fees. The service maintenance is expired and warranty ends in April 2022.
My current mileage is 29K and I drive around 6k miles per year.
I very much like the car: smoother drive than a compact SUV but as spacious if not more.
My questions:
1- Considering the current market, would you advise to finance and payoff the car?
2- If I pay it off, how much should I budget for the maintenance and repairs?
3- Is there any good place to estimate the price of the car in 3 and 5 yrs in future?
So you’re instantly several k in the hole, during a time when used cars are worth extremely high amounts compared to normal. I wouldn’t touch that with a 10ft pole.
If you like the car a lot then finance it for $29k. PenFed.org or other places.
Lots…hehe.it’s a bmw, but I’ll leave it to the experts. I would say get a warranty (Penfed for example only gives 5 years or 100k for $3000)
Impossible. That’s like knowing into the far future, anyone who can predict that far forward is probably lying. 6 months , 1 year? Maybe, but 5 years nah.