***SOLD***2019 BMW X7 M-Sport 4.0 - $1,045/month (after incentive) - $86K MSRP ~2,000 miles/mo - 16 months left

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Year, Make, Model, and Trim: 2019 BMW X7 M-Sport X-drive 4.0
Location: Long Island, NY

MSRP: 86,170
Incentive: $1,500
Monthly payment: $1,145 per month (NY lease so taxes were paid upfront)
Effective monthly payment after incentive: $1,045

15 payments remaining after 4/30/21 payment.

Current mileage: 15,500
Maturity mileage: 45,112
Effective miles per month: ~2,000 per month
Maturity date: 09/30/2022

MSD due (if any): 0
Cash due (if any): 0
Incentive for new lessee (if any): 0

Financial institution: BMW FS
Transfer fee: 500 (paid by buyer)
Out-of-state transfer allowed (yes/no): Yes

Vehicle condition (accidents, tire wear, etc.), options, and other details:
Putting this on here for my father, he just retired and no longer needs a vehicle. Car is located in Long island. No accidents, car is in excellent condition. Window sticker attached. Very high available mileage. Also purchased BMW ultimate care PLUS so no maintenance costs (brakes etc. included) which is transferable to new lessee. $700 value paid upfront. First 10k service performed at BMW of oyster bay.

Photos:

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It’s a lot of contracted miles, but brokers are advertising 100K+ M50i’s for less than this.

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That’s just not true if you convert the deal apples to apples (no MSD, 15k, nothing DAS, etc).

It’s slightly higher than what’s the market right now for X7 40i but isn’t crazy high.

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Ok! I guess the market will dictate. I’m sure it will fly off the shelf if you’re right!

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I think you’ll need to add some incentives to move this here

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Car still available? Are you willing to throw in some incentives or Willing to eat some payments?

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To be perfectly fair to OP, this is indeed a solid deal. Using today’s terms, 10% off, rolling in everything (paying even just 1st payment makes it $30 less per month), and 15k miles, you’re right there. 99% of the time, if you are able to get 10% off, it’s not at an NY dealership, so plan on paying $600-$700 for an NJ doc fee, not $75.

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$1,500 incentive added.

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What is the buyout price after all payments are made

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$47,393.50

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Have you tried listing on Swapalease ? Its tough crowd here. You will save a lot of time and hassle. Check current SAL listings to see what X7 M sports are going for. And go on filters and skip lease proposals.
Also, is that taxes included? I think for out of state buyers, you should put pre-tax payments.

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Also check Carvana/Shift/Vroom/Carmax. With all that extra mileage I wonder if you could sell it to them for about what your lease buyout is.

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Thanks so much for this tip! My payoff is $68,172.

Carvana is offering $65,000
Vroom offered $62,000.
Give me the VIN is offering me $68,500.

Anyone done business with give me the VIN?

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There’s a couple more threads on LH related to recent experience. Though I haven’t sold to them, I’ve worked with them on trying to sell twice and it was a pretty good experience.

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I sold the Audi A4 mentioned above to GiveMeTheVIN. Very positive experience and the easiest to work with because I only had to deal with the same 2 people. I had a check before the car was picked up, though it is not live until the pickup person verifies the car condition and drives off with it.

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Update: the dealer “payoff” ended up being way less than my personal payoff quote. Probably going to end up netting almost $2k on this sale.

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Really? I thought captives always bump up dealer payoff assuming car is worth more in the used market than contractual payoff.

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I think it has something to do with sales tax but i am not entirely sure.

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I would double confirm on net basis whether you are really pocketing something.

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I called BMW financial and they will only give me a personal payoff amount. The person who i spoke to did acknowledge that a dealer payoff amount can be different. Give me the VIN has communicated the payoff amount they were told by BMW FS via email to me. I was told that since their payoff is less than the purchase price, they will cut me a check for the difference. It seems like they are a genuinely reputable company but how can i protect myself?