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      11-18-2012, 10:29 PM   #16
Chairman of the Bored
Coltgus's Avatar

Drives: 2013 M3 E92
Join Date: Nov 2012
Location: Central Florida

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Originally Posted by jdemetry View Post
It's a good question, and since BMW has the most to lose if the Residuals are off, I'd guess yours will be worth a little more than the residual you cited since you put much less mileage on than allowed. I'm in the same boat, so I'm interested as well.

As an aside, I'm not familiar with the term "1 pay lease." Does that mean you paid your entire lease payment up front, as a down payment? If so, that may have been an extremely poor decision based on what I know about leases and could factor largely into your early buyout decision. What I have been told is that if a leased car gets totaled, your insurance goes to the leasing company and leaves you with NOTHING. No equity what so ever. There is hopefully a very low probability of totaling a car, but when you consider the possible loss, still not a good Net Present Value on that financial decision.
A 1 pay lease is like a regular lease except you make all the lease payments at inception, the amount of each payment is calculated using a reduced money factor. BMWFS puts the money in an account for you and subtracts each lease payment from that account when due. So if the car was totaled you would get that money back.
I'm on my 9th and 10th BMWs.
2012 328i Coupe
2013 M3 Coupe