[Kevin_The_Clean1]

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I have a fully loaded 2021 X3 MC with only 2,200 miles on the clock. We no longer need this nice car & hardly ever drive it. I'm currently about 21 months into the 3yr/36 month lease term. And we have other M vehicles. So we won't be using this as a bargaining chip for a trade-in for an end of year special before New Years Eve.

My question - Is there any way to capture the positive equity of the used car market & take advantage of the upswing before it softens too much... ?

[freesole]

Have you checked the secondary market vs your residual payout value? That is usually a good indicator. Usually the further along in the lease you are, the better the chances though.

[Gsavarese]

Originally Posted by Kevin_The_Clean1

I have a fully loaded 2021 X3 MC with only 2,200 miles on the clock. We no longer need this nice car & hardly ever drive it. I'm currently about 21 months into the 3yr/36 month lease term. And we have other M vehicles. So we won't be using this as a bargaining chip for a trade-in for an end of year special before New Years Eve.

My question - Is there any way to capture the positive equity of the used car market & take advantage of the upswing before it softens too much... ?

In another thread I think you mentioned your residual is $58k. So you’d have to add 15 months of your lease payments to that. I doubt there’s enough equity to cover that. I’m going to start looking with about 6 months left at an M550. With a residual of $47k I’m hoping there’s enough give me a few K to put as a down payment. Dealers by me have 2020s going for $50k.

[Scottycs19]

The days of cashing out on a lease are done. Even with your low miles, i doubt there is any meat left on the bone.

[Kevin_The_Clean1]

Thank you for the clarity & insight here fellas. I appreciate you helping me come to my senses & set realistic expectations during this early lease termination handoff I'll be taking care of shortly. What you guys said makes complete sense. Wish I had the dough / capital / funds (to purchase the car a few months when the market was hot & on an upswing for once) ago. But having the payoff amount + taxes was a figure I just wasn't close to having the cash for... ! LOL

[codeyf]

I just paid $69k for my '21 with 8.4k miles. Seems like you should be able to get some above your payout if you were to sell it yourself, though I have no experience with what that process would be like. But pricing it to sell quick and still being able to walk away with at least a couple grand above the $58k buyout seems possible /shrug

[Kevin_The_Clean1]

Originally Posted by codeyf

I just paid $69k for my '21 with 8.4k miles. Seems like you should be able to get some above your payout if you were to sell it yourself, though I have no experience with what that process would be like. But pricing it to sell quick and still being able to walk away with at least a couple grand above the $58k buyout seems possible /shrug

I wish I had that kind of dough. But I don't. LOL

[SuperSport]

I am kind of in a similar situation.. Have a 2020 X3MC w/16,500 miles on it.. Residual looks to be ~$45.9K but I was under the impression that did not include taxes. I need to speak with BMWFS to confirm.

For the heck of it, I put it through the Carmax value estimator and it said $47K. At this point I am curious if another dealer would give me more? Did a quick search and if you can find one listed they are all $60K+

Any thoughts from fellow forum members that have success in selling prior to lease turn in to non-BMW dealers?

[Kevin_The_Clean1]

Originally Posted by SuperSport

I am kind of in a similar situation.. Have a 2020 X3MC w/16,500 miles on it.. Residual looks to be ~$45.9K but I was under the impression that did not include taxes. I need to speak with BMWFS to confirm.

For the heck of it, I put it through the Carmax value estimator and it said $47K. At this point I am curious if another dealer would give me more? Did a quick search and if you can find one listed they are all $60K+

Any thoughts from fellow forum members that have success in selling prior to lease turn in to non-BMW dealers?

Shop around from a few nearby dealers and select the one with the highest bid. That's what I did today and it paid off. Some are low ball tire kickers. While others are offering much more to begin with. It's crazy how quickly the used car market has cooled off. I'm still amazed how fast things change.

My other post here may help shed more light on this subject for you!

https://x3.xbimmers.com/forums/showthread.php?t=1980321

[Kevin_The_Clean1]

And yes, the payoff amount listed in you BMWUSA garage / account doesn't include taxes. And you know how high they are here in CA.

Also, I used KBB as my reference point or semi legit measuring stick. CarMax has given me (lower of the spectrum) figures before. So that still might be the case in today's market too.

[SuperSport]

Ok thanks for the feedback.. Will submit on KBB and see if I can get some offers going. Thanks!