Purchasing at end of lease

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steveg

Member
Joined
Feb 15, 2015
Messages
17
Has anyone purchased, or got the purchase price for, their i3 at the end of its lease?

My i3 lease ends in December and I'm about to call to see what the purchase price is to buy the car.

I received a letter from Auto Finance Specialists. I'm not sure if they hold the lease (I assumed another person's lease a bit over a year ago) or if they are just looking to finance the purchase if I decide to keep it. I'm guessing the latter, but I'm just guessing.

Has anyone done this or just chatted with their BMW Dealer?

Thanks!
 
From what I've read is that the buyout price is way more than most people can buy a used one in the same condition. There may be some negotiation, but I understand, the buyout price is part of the lease contract. BMW subsidizes the lease to make the payments less than it would be if they had more accurately identified the market value when the lease was written, but they probably also planned that, and would make some of that profit up if people really wanted to buy it at the end verses buying or leasing a new one.
 
What Jim said about BMW subsidizing the lease and wanting to make some of that money back if you buy the car
All the posts I've seen say they can buy a comparable car cheaper than the end of lease price. Check around and use that in your negotiation if you want to buy "your" car.
 
My 2014 and 2017 contracts both disclosed the buyout price. With the 2014, the price was 10 to 15% over market. BMW FS refused to negotiate so that's why I wound up in a new 2017. No doubt that's part of their strategy. They get to move a new unit and If they take a loss selling the returned vehicle, they write it off. Nice trick.
 
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