“Should I buy out my Lease” super thread

Edit: since this is now the top of the super thread, moving to “Ask the Hackrs”.

When submitting this question, please tell us:

  • if Lease is not with OEM captive bank (eg US Bank, Ally), who and what disposition fee is
  • The residual value and disposition date (when are you supposed to turn it in?)
  • Current payoff — NOT the same as the residual unless you have made the last payment
  • If you have extended your lease, where are you on that timeline?
  • Do you have equity? What would the third parties would pay you to buy your lease today?
  • State (affects taxation)
  • Does your current car meet your needs or would you prefer something different?
  • If you don’t remember details like your disposition fee, recommend you revisit

Welcome back to LeaseHackr Pre 2020

Posts of

  • Should I buy this out
  • How do I get rid of this turd
  • Which car should I lease that has the best incentives?
  • Can you help me with leasing an SUV? My score in the 6XXs

Edit : Added the 4th one


This may be the most needed thread of the year. :joy:



My wife’s $82k x3m is coming up in April, and I’m hoping that I can replicate the $670/mo payment on a new one by then…wish me luck!


I too pray daily for miracles


That isn’t remotely happening without a lot of money down.


So how can you determine if you should buy it out or lease another? What do you look for?

The latest lease programs offer a compelling reason to say “No”.


Get a quote on similar vehicle. Compare it to your current payment. Just make sure dealer is using new lower base rate, no markup. Some dealers are trying to profit off of BMW’s generous offer to customers for end of year leasing deals.

I know. I was being ironical.

Current payment is $450. New BMW payment is about $850, even with Brokers…
What can you do?

Or more importantly, base your target price on buy rate mf and then give no shits if a dealer would rather augment a larger discpunt with a marked up mf to get to your target price.

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That is a almost an 90% increase in payment, which illustrates current leasing market. Your buyout is probably less than current market value. Get a loan and buy out your lease. Or look at a lower end model with a lower payment. For instance if you have a X3, check out the new X1.

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What car is this on?

I leased a BMW 330xi in 07/2019. It was a great deal during that time, $450/month and ~$800 upfront. The MSRP is ~$47,000. The residual value is ~$31,000 after taxes. This car has ~34,000 miles driven (~800 miles/month). The condition is good, I just replaced the brakes, and soon will need new tires, wheels, paint, maintenance, etc. The lease ended 5 months ago, and I begged BMW FS to extend the lease maximum amount and escalated (without order). There is no positive equity. Sites and Dealerships are offering less than the residual value.
I am open to leasing another “Luxury” car now instead (i.e. German AWD). Does a buyout make sense?
Currently, I have two options:

  1. Return this car, and lease another BMW (430xi) for ~$850/month and $1,200 upfront (includes $3,000 discount) - best deal I found now; luxury coupe,
  2. Buy out this car, drive it for ~1-2 years, and by then leases will hopefully decrease in price for a 430xi?
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My 2019 530e has 22K miles and $32K residual (before taxes) at a $58K MSRP. I think a 530e is a better deal if you’re going to spend ~$32K.


kind of in the same boat as you. currently in a 2020 330xi, leased in 12/2019…goes back end of the month. paying 410/month, buyout is about $34k after taxes, only has about 17k miles on it. spoke with BMWFS and they would extend my lease max 2 month lease. so idk if I should extend, get into a new 330 lease or just buy the car.

Just to answer your two options hopefully you can come up with some alternatives:

  1. Are you really willing to pay 883 monthly for a 430 beaver?

  2. Nobody can predict the future, second-guessing what the leasing market is going to be in 1-2 years is plain nonsense. If you are going to drive the vehicle for a long duration then maintenance is definitely something to be thinking about not to mention the other supposed repairs you have listed as is.

Thanks, so what would you recommend and suggest?
Insights and feedback on this?

I’d say definitely take the extension if they’ll continue at the same price, since you aren’t going to get anything for $410/mo right now. It’ll buy you a little more time while the market continues to cool off.