Car has various nicks, scratches that I believe wouldn’t get flagged but who knows.
It has some under-front bumper scrapes that I’m less sure would get flagged, as well as some curb rash on a rim or two.
The tires are probably right near needing replacement.
The damn brake pad warning just came on today.
I am under my allotted miles by about 7,000 miles. Would I be able to go to one of the dealerships and just have them “buy” the car from me free and clear? I’m not trying to cash out equity really, just want to skip dealing with any potential charges or getting new pads. Is this something that happens? Or am I smoking crack?
Yes you can sell it to a BMW dealer or a dealer group like Autonation that has BMW dealers.
Might as well schedule the lease end inspection ASAP so you will know exactly what kind of lease end charges there will be, if any.
At the same time, get an offer or two from the likes of Carvana and compare that to your current payoff. You can’t sell it to Carvana but at least this will give you an idea of how much equity (positive or negative) you may be dealing with.
I mean I know I’m going to have to at least replace the brake pads, which is why I’d rather “sell” it instead. What I’m wondering is if the issues and potential issues I mentioned will be offset by the lower miles and worth of the car to the dealership to get me out free and clear.
Get an offer from Autonation, then sit on it and see if they raise their offer the following week. Then get offers from the closest BMW dealerships and take the best one or ask them to match, if the best offer is even good enough.
But again, I’m not trying to sell my car to make a profit, I’m just trying to circumvent the return fees by having the dealer “buy” it instead. And since the price they pay bmwfs is different from my buy out price, getting outside offers doesn’t seem particularly relevant.
The price a BMW dealer will pay for your car is the same it just doesn’t include tax.
And getting outside offers is 100% relevant, this will give you a ballpark idea if selling to a dealer makes any sense without ever leaving your couch. It takes 5 min to generate a Carvana offer and compare that to your payoff.
If your Carvana offer has you $5k underwater but your lease turn in charges total $500, then I’d probably lean towards just turning it in. But you won’t really know unless you follow the advice above.
