Quote:
Originally Posted by Gsavarese
Quote:
Originally Posted by allinon72
Yes, he can sell it to a BMW affiliated dealer network, but the issue is value. In this case the Toyota dealership is offering max value.
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Theoretically I can goto a BMW dealer with my lease expiring and negotiate a profit on my leased vehicle if the market value is higher than my residual? Even though it’s not my car - it’s BMWFS? Never tried that angle. I just did a lease return. All my cars have been pristine and under miles at lease turn in. Didn’t know this was an option. Of course these are strange times and who knows what values will be in 5 years and what sorcery manufacturers will do with residuals in lease deals down the road |
That's correct. A local bmw dealership offered me thousands over my payoff amount despite about 20 months left on my lease.