Thanks jeisensc, this is super useful. I’ll move the discussion to the other forum.
However, this is also the lease I am looking at for a car I am interested in and when I saw the $7500 offer followed by a buy-out, that piqued my interest so I thought maybe I can get recommendations here for the specific lease I mentioned earlier and if I go for it followed by a buy-out. Any thoughts on that?
I guess I don’t know what other info I need to share to evaluate whether a buy-out makes sense for this Q4e lease buy out. Are there finer details during the lease sign time perhaps that I don’t know about.
I’ll continue following up in the 101 forum in the meantime.
You’re read time is 1 hour. Spend some time in the threads I posted, they’re more appropriate for your question. At least one has a discussion about how the Audi leases are better than they have been, but not good. But if you aren’t at least competent in leasing 101, how will you evaluate them for yourself?
I have $45,000 on my m550i, 3850 in taxes, 16500 miles, zero damage.
BMW has been avoiding me rolling it into a used car. I’ve noticed no responses from dealerships that I’ve worked with for years. One gave me a pathetic offer, like 42k in ‘KBB value’ with ‘Good’
I’d note one thing I don’t see much mentioned here: warranty. I got quoted at $7500 on a warranty after BMW gives me 1 more year of their CPO warranty? The n63 v-8s are fussy and warranties are expensive. Anyone else get big warranty quotes on higher-end engines? Same guy said he put a $12,500 warranty on a 2018 750i. This seems insane.
Check out pricing for Fidelity platinum warranty- won’t be cheap but you can probably get 5-6 additional years for less $$ than what dealer is telling you. Fidelity is one of the best 3rd party programs. This site is a Volvo dealer but any brand can buy the Fidelity warranty.
I’m in a similar situation. My V90 lease is up this summer. I’m quite a bit under in terms of miles. Would consider a buyout, but I leased one that didn’t have a clean carfax. During its time as a loaner, had some minor bumper work done due to a rear-end collision. Assuming that makes buyout a no-go in terms of future value. Tough, because my monthly is relatively low and I know it will be impossible to replicate now.
It has a 4/48 warranty, but if you plan to keep it longer I’d consider at least a third party extended warranty (link to one above, and an entire thread about them if you search).
Get third party buyout quotes (as if you own it) on the v90 now to see how the dirty carfax affects it. And be watching/waiting for better Volvo programs throughout the year to pull-ahead — if you aren’t a Costco member, hedge your bets and get a membership.
2020 BMW X3M comp
My lease is up in May.
Residual is at $48,100
Is it no brainer these days to buy it out or should i extend the lease, if they let me, and see where the market will be in 3-6months?
I think BMW warranty is good for another year, not 100% sure.
Thanks for any recommendations!
I went to my local Kia dealer that doesn’t ask for a markups, told him I was looking to pick one up in April. He showed me his order book (FAT) and suggested I may be in line to get it in 12-18 months…
I think I may be able to get my hands. on a Palisade Calligraphy at MSRP, thats ~53,000 and my preferred choice, if I can find one available…
2020 GMC Acadia AWD SLE
Monthly payment: $373
Disposition fee: $0
Interest rate available to purchase 6%
tax rate 8.75%
2023 GMC Acadia AWD SLE
MSRP 43885, with rebates/discounts the # they are working with is 38435
Monthly payment: 404x36 months
Interest rate- 6.98%
$$ down-2800 (from car trade above)
I’d MUCH prefer a new car but am wondering if the 404 is an ok deal.
The 2800 is from the dealer. It seems reasonable because the car is selling for around 28800 online right now with my mileage so figure they have to make $$ too on it. The interest rate for the lease is what the dealer told me it was. (I know it’s not on the paperwork so I asked- she could be lying LOL)