Quote:
Originally Posted by d-burn
I think the whole idea here is for a third party (myself as an example) to purchase the vehicle at the residual price at lease end since the owner was planning to return it anyways.
Buying the car and reselling it privately would incur double taxation, so not a good option.
Therefore, your lease end residual is probably somewhere in the $37-$39K range...me being the third party would pay that amount directly to BMW Financial services, and then maybe cut you a cheque/cash personally for $1-2K for being so nice as to let me buy your car that you were returning anyways at the residual price. The idea isn't to end up paying the lease returner $10-$15K on top of the residual price...otherwise there is no incentive, and I can just buy at the dealer and get CPO.
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+1. Well said. You covered all the main points.