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Returning Our Lease

Posted: Thu Jan 06, 2022 11:32 pm
by Arm
Leased an i3s two years ago and the time has come to return it. Real shame as I would have kept it had BMW offered a decent deal for the lease return.

It's been a great car... real shame. Low miles, nicely fitted, well taken care of. Pains me to return it to them.

Re: Returning Our Lease

Posted: Fri Jan 07, 2022 5:59 am
by MKH
In today's tight market, used car prices are way up - Carvana offered me what I had paid for my 2015 three years ago - check for similarly equipped & year cars on Carvana and Cargurus and compare with what BMW is offering as a buy out. If still high, when you turn it in, see if the Dealer is going to re-sell it - BMW will be giving it to them at a discount that they just write off. You may be able to work a deal, and as a low mileage lease return in good condition, the Dealer will be selling it as a CPO, which means BMW will add another year of warranty to the car.

Re: Returning Our Lease

Posted: Fri Jan 07, 2022 4:41 pm
by Arm
Yeah none of those options panned out. Carvana low-balled us big-time.

We ordered a Tesla back in October just in case and it seems we'd be sticking with that. The i3s has been returned.