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2019+ BMW 3 AND 4-SERIES FORUMS (G2x Generation) Ordering / Pricing / Order Tracking Forum Buying out a leased vehicle low miles

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      11-09-2022, 01:36 AM   #1
bavarianboar
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Buying out a leased vehicle low miles

I m interested in buying my custom ordered lease vehicle, it's a 430i with decent options and low "shelter in place" miles. ~10k

Have always leased and swapped before but given the lease payments today and used car prices this one makes sense to buy as I plan to keep it for 5 years. Residual is listed in contract.

Do I need to work with a dealer or BMWFS would make direct sale? (Will be financing through independent bank with a downpayment)

Appreciate the advise.
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      11-09-2022, 05:17 PM   #2
tracythorne
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Assuming your lease is through BMWFS - contact them - and they will advise you how to proceed. You will basically just stroke a check to the dealer for the contract residual. You are in a great position to get the benefit of your contract. You paid for miles and didn't use them. If you like the car - take advantage of the contract and keep enjoying your car
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      11-09-2022, 09:12 PM   #3
calbears
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Quote:
Originally Posted by bavarianboar View Post
I m interested in buying my custom ordered lease vehicle, it's a 430i with decent options and low "shelter in place" miles. ~10k

Have always leased and swapped before but given the lease payments today and used car prices this one makes sense to buy as I plan to keep it for 5 years. Residual is listed in contract.

Do I need to work with a dealer or BMWFS would make direct sale? (Will be financing through independent bank with a downpayment)

Appreciate the advise.
You could CPO your leased vehicle and take advantage of some BMWFS incentives as well. You'll have to work with a (or your) dealer to begin this process which will cost money to CPO the vehicle, but you get another year of warranty and unlimited mileage coverage (5 years total, unlimited miles)
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      11-15-2022, 09:56 PM   #4
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Quote:
Originally Posted by bavarianboar View Post
I m interested in buying my custom ordered lease vehicle, it's a 430i with decent options and low "shelter in place" miles. ~10k

Have always leased and swapped before but given the lease payments today and used car prices this one makes sense to buy as I plan to keep it for 5 years. Residual is listed in contract.

Do I need to work with a dealer or BMWFS would make direct sale? (Will be financing through independent bank with a downpayment)

Appreciate the advise.
You can get the payoff document directly from your account. Don't need to call anyone.
I did the same one month earlier and bought 7 yrs extended warranty (4+3) for less than $2500
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