01-27-2024, 06:59 PM | #1 |
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Lease buy-out (through BMWFS) question
Hi Folks,
My lease for my 2021 M340i is ending on Feb 14, 2024. I am considering buying out the car through BMWFS, but still need a bit more time to think about alternate options. I had a question - do I have until at least Feb 13 to mail out the cashier cheque over to BMWFS or is it advised that I send it out much sooner than my lease end date? i.e. are there any unexpected complications that can arise as a result of me waiting till the very last day? Edit: I am located in California if that matters Last edited by Mintex; 01-27-2024 at 07:00 PM.. Reason: Wanted to add location |
01-27-2024, 07:02 PM | #2 |
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From what I remember, you have to deal directly with a dealership to figure out all of the details. BMWFS doesn't deal with lease buyouts.
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01-27-2024, 07:03 PM | #3 |
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I don't believe that is true for California. The BMWFS website is showing me the option to buy-out the car directly through them without going through a dealership
Last edited by Mintex; 01-27-2024 at 07:04 PM.. Reason: made a typo |
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01-28-2024, 08:47 AM | #4 |
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You should be able to purchase your leased vehicle directly from BMW Financial Services. Last year, my parents purchased their leased X3 a month before their lease matured with an auto loan from Bank of America. Bank of America offers a "Lease Buyout" loan. Bank of America sent the payoff amount directly to BMW Financial Services. My parents never had to set foot in a BMW dealership. It was easy and painless. The reasonable lease buyout and low mileage made it a smart option for them.
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01-28-2024, 11:54 AM | #5 | ||||
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Drives: 2018 340i M Sport
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Garage List 2018 BMW 340i M Sport [9.38]
2020 BMW M340i xDrive [10.00] 2018 BMW 340i M Sport [8.00] 2006 BMW 330i Sport [4.50] 2004 BMW 330i ZHP [7.25] 2000 BMW 328i [6.00] |
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Here’s the list: Quote:
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01-28-2024, 12:22 PM | #6 | |
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I do wonder if BMWFS currently has buyout discounts given the used car market is somewhat returning to normal. |
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01-28-2024, 12:36 PM | #7 |
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Garage List 2018 BMW 340i M Sport [9.38]
2020 BMW M340i xDrive [10.00] 2018 BMW 340i M Sport [8.00] 2006 BMW 330i Sport [4.50] 2004 BMW 330i ZHP [7.25] 2000 BMW 328i [6.00] |
Kind of amazing given Cali’s typical SOP. Yeah, that would be interesting to know. I bet it’ll take a little longer before we get to that point.
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