BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
ESS Tuning
Post Reply
 
Thread Tools Search this Thread
      12-13-2009, 01:15 PM   #1
dizman7
Second Lieutenant
 
dizman7's Avatar
 
Drives: 99 E36 M3 Cabio
Join Date: Dec 2008
Location: Phoenix, AZ

Posts: 297
iTrader: (0)

Question Question about adding miles to a lease. . .

Actually my friend brought this up as a good point.

I was looking into how much it was to add miles to my currect lease, it was more reasonable than I thought it would be.

My question is, if you add miles to the lease, does your residual value at the end of the lease go down by the amount you paid for those miles?

Example: I'll keep this to simple numbers. Say my residual value at the end of lease is $40,000, and I add $1000 worth of miles to it right now. When my lease is up, would my residual value then be $39,000? Or would it stay at $40,000, thus kind of being "double-charged" for the extra miles I would put on the car?
__________________
SOLD - 08 E92 ///M3 (bought a house)
NEW - 99 E36 ///M3 Convertible
dizman7 is offline   United_States
0
Reply With Quote
      12-14-2009, 09:03 AM   #2
needspeed
First Lieutenant
 
needspeed's Avatar
 
Drives: 10 X5 M/05 F430/12 CTS-V Coupe
Join Date: Jan 2009
Location: Middle of nowhere IOWA

Posts: 320
iTrader: (0)

Residual is calculated based on useage (miles) so you are paying for the extra miles to offset the additional usage, thus the decrease in value of the car when it is turned in. So for you the residual would be what is in your contract but for BMW they would be able to sell the car at a lower price due to the higher milage then was originally committed to......Steve
__________________
10 BMW X5 M Silverstone w/Black on Black interior - Loaded
12 CTS-V Coupe Thunder Gray - Loaded
13 Ford GT500 (650HP Priceless!!!!) as soon as can be delivered
05 F430 F1 - Giallo
08 BMW M3 Interlagos Blue Metallic - DCT (Traded)
needspeed is offline  
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 07:00 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST