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      01-03-2013, 01:44 PM   #13
riM3's Avatar
Drives: F15 X5 xDrive35i
Join Date: Jan 2012
Location: New England

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Originally Posted by cpsquare8
You owe 46k into the future on the car 40 payments @ $525 plus a balloon of $25k. Please check your lease to see if any prepayment issues exist. We can all debate the value - it is only what in fact someone will pay you for it - a 50k+ target makes sense. If it is with BMW finance you are probably in a better position than if it was done through a third party. I agree that contacting the selling dealer to see what if anything they could give you back is a good idea. They will also have the best information on the financing arrangements you entered. The dealer will set the purchase price based on any number of factors - including the payoff of that financing. You are correct this is not a good financial decistion to pay for a car you are not driving that will continue to depreciate.
OP was this financed using BMW select? If so, is it titled in your name?
Current: 2014 F15 xDrive35i | SG | XLine
Sold: 2013 E92 M3 | SG |ZCP | 6MT | M PE | M CFRS
Sold: 2011 F25 X3 xDrive35i | BS | M Sport
Sold: 2011 335i Performance Edition | BS | RWD | 6MT
Sold: 2009 X3 3.0si | AW
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