“Should I buy out my lease?” super-thread

I’d say there is no strong reason to keep holding unless everyone has options to lease a 7-seater is more expensive than a $30k used auto loan at an 8%+ rate.

It’s a very quiet period in the Marketplace and just not a good time to decide whether the latter route is better or worse.

Check in late Feb or late March depending on when your

have you tried speaking to acura/honda financial services to find out about lease extension? each captive has their own policy on this. i was in your position a couple years ago, and acura fs allowed me to extend up to 6 months twice (so totaling 12 months) at the same (rather very low, since lease was signed pre-covid) rate and mileage allowance, by simply calling and signing an extension agreement :slight_smile: i also had the right to just terminate the extension at any point without any fees/penalties.
i don’t know if their policy remains the same today, you could check.
this way you can wait a little more and have peace of mind, while interest rates are hopefully coming down a bit, and see if a better deal comes your way down the road :slight_smile:
best of luck!

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Not sure if these rates carry over into January, I’m sure some do.
Level of rebates depends on location

1st time leasing a vehicle

Mercedes GLB 250 2021 AWD
MSRP - ~49k ( parking assist, 3rd row etc)
PPM and lease care included as well.
Lease ending - 01/29/2024
Monthly payment (incl tax) - 405 (12k miles/year)
No MSDs and first month DAS. No Down payment.
Current Mileage - 20000 (way short of 36k allowed)
Residual Value - 29,343
Lease Purchase Quote - 32,200 ( Residual value + tax (I believe))
Online Quotes - ~29,000 - 30,000 - Should I compare this to Residual Value(no tax) or the Lease Purchase Quote?
I am pretty happy with the car. I have checked current leases which are way higher than this one. Checking if it makes sense to keep it vs get another lease or buy. Thank you.

I have a 2021 M340i that was delivered in April of 2021. Based on what I’ve read on these forums I got a “steal” back then. I’m currently paying 641/mo on a 12K lease. My original deal:

I was at the local dealer in Tenafly yesterday and they quoted me roughly 1K for a 2024 M340i with loyalty and 1K lease incentive. I rejected it immediately and then thought about just out and out buying my car off lease. I’ve got 20K miles and the resid is 37,800. Worst case I put minimal amounts down and finance it over three years and get a payment that’s roughly 1K. But what worries me is the warranty. The sales person quoted me about 3K for an extended warranty but that seems high. Dealer also said there is no equity in the car - i find that hard to believe because it has low mileage.

The car has been great - no issues whatsoever. I’ve kept up maintenance and it’s in great shape. Are people who got these “deals” from three years ago buying these cars out of their leases? Seems like it would be the wise thing to do.

Thoughts? Am I missing something? Aside from those who just want a new car every three years? That is generally me but I just can’t wrap my brain around a lease payment of 1K for any car let alone a M340i.

The programs were simply much better back then, the M340xi is a great car, if you are happy with it, buy it out, you’re probably in an equity position as it is, which is a great place to be when buying a car.

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A combination of better rates, residuals, incentives and most importantly lower base MSRP.

Have you seen how spendy you can configure an M340i build now?

Buy it out.

Finance through the links in the first post. Search the bmw forums for best pricing and providers of extended warranty

Thank you.

Did you check EV GLB leases to compare?

Yes I did check the forum ( BENZORNOTHING). 471 +tax (= 519 in washignton) + Title and Reg and Max MSDs. This is the lowest I could see in that thread.

Do they come with free 2 year charging? If so, would that help you with your decision? If your car is accident and problem free you can finance and keep it for another 3 years.

My car is accident and problem free. Never had any issue with it. I have kept it pretty neat as well.
I am not sure on the 2 year free charging but I can check on that. I just wanted to check if there is anything else I should think about before making the call.

I tried finding on how the warranty, maintenance works after the Lease is over and I want to buy the car. If there are any links/pointers where I can learn more about mercedes, that will be great.

Check this out.
1k is high

https://docs.google.com/spreadsheets/u/0/d/1bklCluQDLgmdchr7Y4_X3MI07uwHHtOBuq9ee5ZhiOA/htmlview

I have a 20k mile white Audi Etron premium 2021 lease coming due.

Should I buy it as it’s been a wonderful vehicle.or should I just turn it back in or should I try and sell it to one of the organizations on this forum.
I’m in north jersey. This is a white 2021 Audi Etron whose lease is coming due.

Any suggestions or insights.

I did notice the lease payments on the new ones are quite a bit higher.

Does Audi allow me to sell the car to carmax or another dealer as a trade in?

I’ve read a few posts on this forum that some organizations on here want to buy low mileage Audis etc and my buyout is 35 grand plus a disposition fee of 450.

I believe Audis have a 4 year 50k mile warranty and an extended warranty from Audi is available as long as it’s purchased dur8ng the 4/50k.

This was my wife’s vehicle and it’s been utterly reliable. I purchased Audi care when I leased it and I’ve only had to have the annual service done each year as part of the Audi care service. I don’t know if that goes for another year or just until the lease is up in a couple of months.

Anybody want to buy this Audi ? I can’t seem to find the posts where organizations on this site post up they want to buy off lease vehicles.

If a forum member can point me in the direction of who to contact I’d appreciate the help.

Buyout is 35 but what is its value? Get bids from the usual online places (don’t have to mention it is a lease).

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Runs great. No accidents. Low mileage.

White with black interior.

I have a 2021 etron with 17,000 miles too and Carvana/Vroom seem to offer only ~$28k, which is well below buyout… Have you checked with dealers?