[M3Pilot09]

This is strange to me but check this out.

I leased a 2020 Non Comp X3M in December 2020. The MSRP was $77,800, I have made 6 lease payments thus far. I decided I wanted a comp so I checked prices to purchase my X from Carvana, Autonation and Vroom and this is what they came back with. My payoff is 55K, I have owned 10 M3's, M4 M5, M6, i8, 4 X5's, 340, 335 and I always lease because of my business. I usually have to pay severely to exit a lease early. How is it I can go today hand over my keys and walk with a check for 9K???

Autonation-$64,000

Carvana-$63,500

Vroom-$64,000


Has anyone else experienced this? I am doing it for sure and will just go grab a 21 X3MC

[roarkrd]

Originally Posted by M3Pilot09

This is strange to me but check this out.

I leased a 2020 Non Comp X3M in December 2020. The MSRP was $77,800, I have made 6 lease payments thus far. I decided I wanted a comp so I checked prices to purchase my X from Carvana, Autonation and Vroom and this is what they came back with. My payoff is 55K, I have owned 10 M3's, M4 M5, M6, i8, 4 X5's, 340, 335 and I always lease because of my business. I usually have to pay severely to exit a lease early. How is it I can go today hand over my keys and walk with a check for 9K???

Autonation-$64,000

Carvana-$63,500

Vroom-$64,000


Has anyone else experienced this? I am doing it for sure and will just go grab a 21 X3MC

Used car values have sky rocketed lately due to low supply. I just traded an '18 X3 M40i to Vroom for $41,200 and I had bought it from them in 2019 for $45,500K. I had it for ~20 months and it only cost me $4300! I used the unexpected equity to upgrade to an X3MC.

[strohw]

Did you put money down on the lease because your numbers seem a bit off. With the information you're giving it would mean you got over 22% off the price of the car assuming a high monthly payment of around 950 if you didn't put money down. So obviously that discount isn't normal and it's the reason you beat the depreciation curve.

[M3Pilot09]

Originally Posted by strohw

Did you put money down on the lease because your numbers seem a bit off. With the information you're giving it would mean you got over 22% off the price of the car assuming a high monthly payment of around 950 if you didn't put money down. So obviously that discount isn't normal and it's the reason you beat the depreciation curve.

Here are the details of my lease.

I put down $5,500

36 Month 10K

Payment $583 inclusive of tax

[Young04]

Does BMW have different payoff numbers for lessee and dealer?

Used car values are insane right now. I just ordered a new Jeep Wrangler (392 V8!!). I am trading in a 2018 Wrangler Rubicon (JL) and they offered me exactly what I paid for it three years ago. I've heard of people actually getting more than what they paid.

[strohw]

So you got a got around 13-14% off before rebates and put money down to lower cap cost. Between your down payment and your total % off you're at 25% or more which is well outside the first year depreciation curve.

You should run some numbers on the comp, check to see what your preferred dealers are offering and see what you think. For 2021 they lowered residual values 1% across the board and the current incentives are little over 2k less than what you got last year. So you'll pay the difference bumping to the comp, another 2.5k on top of that from the incentive/residual changes and finally there are less 2021 models than there were 2020 so deals may be slightly worse as well.

You could buy a tune(assuming your car was made earlier in the year), an exhaust and black trim pieces for around 3.4k if the sound/speed was what you were looking for from the comp.

[strohw]

Originally Posted by Young04

Does BMW have different payoff numbers for lessee and dealer?

Used car values are insane right now. I just ordered a new Jeep Wrangler (392 V8!!). I am trading in a 2018 Wrangler Rubicon (JL) and they offered me exactly what I paid for it three years ago. I've heard of people actually getting more than what they paid.

Once you turn the car in it usually goes to auction for most finance companies. I'm not sure if the dealer you turn it in at gets first dibs though through BMW financial.

[eveneziano90]

Originally Posted by M3Pilot09

This is strange to me but check this out.

I leased a 2020 Non Comp X3M in December 2020. The MSRP was $77,800, I have made 6 lease payments thus far. I decided I wanted a comp so I checked prices to purchase my X from Carvana, Autonation and Vroom and this is what they came back with. My payoff is 55K, I have owned 10 M3's, M4 M5, M6, i8, 4 X5's, 340, 335 and I always lease because of my business. I usually have to pay severely to exit a lease early. How is it I can go today hand over my keys and walk with a check for 9K???

Autonation-$64,000

Carvana-$63,500

Vroom-$64,000


Has anyone else experienced this? I am doing it for sure and will just go grab a 21 X3MC

I can't recommend Carvana enough. I just sold my F80 M3 to them for a profit and was also a lease. I just needed to provide them some documentation and they took care of the rest. They sent payment directly to BMW and paid me the difference the moment they picked up the car. Easiest thing I've ever done.

[Sasquatch3]

Used car values are very high right now due to a supply shortage. I just traded in my 2020 Lexus GX 460 for a 2021 X3M. I got the GX new, and I ended up getting $900 more on trade-in than my original purchase price despite it having 7,700 miles. Granted, I bought it in May 2020 at a deep discount due to COVID.

My advice is don't ask questions about the crazy values. Just roll with it as long as it is what you want.

[allinon72]

If you want max value, it's well known that Carvana is the place to go to at the moment. They are overpaying to get cars and were even before things got really crazy. They are burning through venture capital cash trying to gain market share.

[knepsterd]

Driveway just offered me $69000 on a 2020 X3M Comp that msrp was $82,450. 7,500 miles on odometer. Used car market is a sellers market today.

[allinon72]

Originally Posted by knepsterd

Driveway just offered me $69000 on a 2020 X3M Comp that msrp was $82,450. 7,500 miles on odometer. Used car market is a sellers market today.

I wasn't planning on selling...but perhaps I'm selling? Haha.

[forza1976]

Originally Posted by knepsterd

Driveway just offered me $69000 on a 2020 X3M Comp that msrp was $82,450. 7,500 miles on odometer. Used car market is a sellers market today.

knepsterd have you used them previously? I have been quoted $70,642 for mine. Can't find any reviews out there on them.

[knepsterd]

I have used Vroom 3x —btw always beat Carvana and I held out on Vroom for a week or two and asked for 750 more each time ans they accepted.

[knepsterd]

Vroom came in less than these guys. They seem very aggressive being the new kid in the block.

[robopp]

Originally Posted by forza1976

knepsterd have you used them previously? I have been quoted $70,642 for mine. Can't find any reviews out there on them.

Gesh! That's more than I paid for my $84.5k new X3MC.

[floating.spirit]

Originally Posted by forza1976

knepsterd have you used them previously? I have been quoted $70,642 for mine. Can't find any reviews out there on them.

I got 74,666

[knepsterd]

^wow

[knepsterd]

Can I lease a gt3rs for the summer/fall and driveway pay me 1% over what I owe on buyout lol after 6 mos. lol

[btkowalk]

I just sold a non-comp, super low spec (under 70K MSRP) 6mt f80 m3 with 35k miles to we buy any car (queue theme music) for 54k...my buyout was 42.5k. I had 3 payments left. the initial lease was first month due only. the market is bonkers.

The hard part is finding a good deal on the next vehicle. I worked with a broker to get 12% off before incentives on a non-comp X3M - it was the only deal I could find.

[allinon72]

It's going to be fun seeing who's left holding the bag when the music stops!

[knepsterd]

Vroom btw offered 63k. I asked for same as driveway. They are like they are killing us, can’t match.