Lease Expiry...

gq1 · 02-22-2012, 11:56 PM

The lease on my E90 expires next week and I'm thinking of purchasing. My buyout is $39,150 + HST. I have 63K km's on it and the car has every option that was available in '08.

Thoughts?

canadian stig · 02-23-2012, 09:54 AM

Quote:

Originally Posted by gq1

The lease on my E90 expires next week and I'm thinking of purchasing. My buyout is $39,150 + HST. I have 63K km's on it and the car has every option that was available in '08.

Thoughts?

if you don't want to keep it, let me know. i might be interested in buying it. can i buy it at that price or only you are allowed to by bmw?

gq1 · 02-24-2012, 07:53 PM

Quote:

Originally Posted by canadian stig

if you don't want to keep it, let me know. i might be interested in buying it. can i buy it at that price or only you are allowed to by bmw?

I'm pretty sure that you wouldn't be able to buy it directly unless we did a lease transfer prior but with the lease expiring next week I'm not sure it would be possible. Besides I think I'm going to purchase it...

schnell325 · 02-24-2012, 10:55 PM

You know the car, and that's a decent price. (keep it!)

tibra1 · 02-24-2012, 11:54 PM

If you got the funds..buy it and sell it in the private market..recoupe some more value outta of it.

j2m · 02-25-2012, 01:35 AM

That's a great deal! Either way, whether you keep it or sale it I think you've got to buy it at that price.

d-burn · 03-03-2012, 01:20 PM

Quote:

Originally Posted by gq1

I'm pretty sure that you wouldn't be able to buy it directly unless we did a lease transfer prior but with the lease expiring next week I'm not sure it would be possible. Besides I think I'm going to purchase it...

There's another thread on the M3 forum where we discussed 3rd-party buy-out at lease end, and there seemed to be some information that pointed towards being able to do it.

I think the process is at lease end (or close to it) the 3rd party and the leaseholder who is planning to return the car anyways go to the dealer, a 'paperwork fee' is paid...probably $1,000 or something, and the dealer does the paperwork to allow the 3rd party to buy out the car at the residual/buy-out value at lease end.

There was also indication that it can be accomplished through BMW directly. Leaseholder would contact BMW, say 'friend' would like to buy car at lease end at residual, friend would have to send cheque to BMW directly for residual value + tax, and BMW would send paperwork and release lien to 3rd party.

I haven't confirmed if any of this is true, but these were the options being discussed. I was also interested a few months ago, but might wait a little longer.

zone555 · 03-08-2012, 02:54 PM

Quote:

Originally Posted by gq1

The lease on my E90 expires next week and I'm thinking of purchasing. My buyout is $39,150 + HST. I have 63K km's on it and the car has every option that was available in '08.

Thoughts?

My father just bought out his 08 E90 M3 last month. 39 month lease and the residual was about $36k + HST, it only has the Executive Package. 35K km's on it, so it was a hard deal to pass up

Buy it!

gq1 · 03-12-2012, 09:26 PM

Done deal!
Thanks for the comments everyone...

02-22-2012, 11:56 PM	#1
gq1 Private First Class 29 Rep 115 Posts Drives: '15 BS F80 M4 Join Date: Nov 2008 Location: Vaughan iTrader: (1)	Lease Expiry... The lease on my E90 expires next week and I'm thinking of purchasing. My buyout is $39,150 + HST. I have 63K km's on it and the car has every option that was available in '08. Thoughts?
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02-24-2012, 10:55 PM	#4
schnell325 Bored at work.... 890 Rep 5,389 Posts Drives: 2016 F82 M4 GTS//2022 M235iGC Join Date: Aug 2007 Location: Comox Valley iTrader: (8)	You know the car, and that's a decent price. (keep it!) __________________ Grey Matter:2008 E92 M3:608/425. SG/PS SOLD! Dark Matter:2015 F80 M3:495/505. SOLD! Anti Matter :2016 F82 M4 GTS What next?!? A 2022 M235i GC- I must be getting old
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02-24-2012, 11:54 PM	#5
tibra1 Banned 127 Rep 6,773 Posts Drives: 2011 ZCP M3 - 2007 335i crashd Join Date: Apr 2009 Location: NYC iTrader: (4)	If you got the funds..buy it and sell it in the private market..recoupe some more value outta of it.
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02-25-2012, 01:35 AM	#6
j2m Colonel 180 Rep 2,446 Posts Drives: '11 E92 M3 DCT Join Date: Jun 2011 Location: Calgary, Ab iTrader: (8) Garage List 2011 BMW E92 M3 [10.00]	That's a great deal! Either way, whether you keep it or sale it I think you've got to buy it at that price. __________________ 11' E92 M3 Space Grey \| DCT \| ESS VT2- 625 \| Gintani Race (valved) + Quad Res Catless X-Pipe \| KW Sleeve's \| GC Camber Plates\|Arkym Diffuser \| Vorsteiner VRS Lip \| P3 Boost Guage \| Stud Conversion PHOTO's: Click Here ESS VT2 625 PHOTOS: Click Here
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03-12-2012, 09:26 PM	#9
gq1 Private First Class 29 Rep 115 Posts Drives: '15 BS F80 M4 Join Date: Nov 2008 Location: Vaughan iTrader: (1)	Done deal! Thanks for the comments everyone...
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