09-08-2016, 07:26 PM | #1 |
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Upcoming Lease Return: How best to negotiate?
My 2014 is coming due relatively soon and I am quite confident I am going to keep it (as I have really grown to love this beast).
My question is, does anyone have any experience negotiating the price on the residual? Mine is a 116k sticker with a 63k residual. I'm seeing some of these go for under 60 these days and I still have 5.5 months left before I have to turn it in. I would prefer to not have to de-mod and just buy the thing out right. Is it ridiculous to think that I might be able to swipe it from them for 54-56k in a couple of quarters? I mean I know what Manheim rates are and I'm sure they will be even lower than that. Also, I only have 16k miles on it with an allotment of 30k. So it's gonna go back way under (if I let it that is). |
09-09-2016, 12:05 PM | #3 |
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I just went through this and they were not willing to negotiate as they knew they could easily sell the car. My residual was 61kish and they sold the car in 2 days for 65k. See my other long thread about my decision to lease a 2016 instead.
http://f10.m5post.com/forums/showthread.php?t=1295882 Edit: they also are running the pull ahead program right now for up to 6 months i believe |
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09-09-2016, 12:51 PM | #4 |
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Mbdurham is the 6month pull out from the dealer or BMWFS in that case I would like to get out of my lease too
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09-09-2016, 12:54 PM | #5 |
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09-09-2016, 01:58 PM | #6 | |
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i'd give it back unless you want a brand new one rt now and look for a used 14-15 and save thoussssand''s ! esp if you ride out the lease another 4-5 mo's thesee 14-15 will be at 50k Suxx)::: |
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09-09-2016, 05:54 PM | #7 |
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@mbdurham17: Good thread there. This is helpful as I'm now thinking about turning the car in. Only challenge is that it's already heavily modified so I'll need to demod the car (and the $2500 Ecu tune is hard coded so that can't be removed).
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09-09-2016, 10:12 PM | #10 | |
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09-09-2016, 10:16 PM | #11 | |
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You should ask ur dealer about it as I believe he said it was good through December |
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09-09-2016, 10:18 PM | #12 | |
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09-10-2016, 12:39 PM | #13 | ||
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09-11-2016, 11:37 PM | #15 |
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09-16-2016, 07:20 PM | #18 |
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Nope and they have the best program. Just received another 3 email for all 3 cars. M5 is 7 mos pull ahead, $145/mo lower payment, with inceptions only for a $124k MSRP. X5 is 8 mos pull ahead, but $8800 cap reduction plus inceptions. Payment is more than M5. 750iX is $6600 cap reduction plus inceptions and the highest payment of the 3.
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09-29-2016, 10:24 AM | #19 |
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My dealer said that end of lease buy out is still negotiable even if you have a set amount as a residual value? Does any body had experience if this is true?
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10-10-2016, 11:28 AM | #22 | |
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When the new M5 comes out, I don't forsee any of the dealers being able to sell for the lease residuals or greater. |
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