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      01-03-2013, 02:44 PM   #13
Lieutenant Colonel
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Drives: BMW
Join Date: Jan 2012
Location: New England

iTrader: (0)

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?