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      02-23-2012, 12:56 AM   #1
gq1
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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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      02-23-2012, 10:54 AM   #2
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Quote:
Originally Posted by gq1 View Post
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?
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      02-24-2012, 08:53 PM   #3
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Originally Posted by canadian stig View Post
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...
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      02-24-2012, 11:55 PM   #4
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You know the car, and that's a decent price. (keep it!)
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      02-25-2012, 12:54 AM   #5
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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, 02:35 AM   #6
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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.
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      03-03-2012, 02:20 PM   #7
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Quote:
Originally Posted by gq1 View Post
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.
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      03-08-2012, 03:54 PM   #8
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Quote:
Originally Posted by gq1 View Post
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!
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      03-12-2012, 09:26 PM   #9
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Done deal!
Thanks for the comments everyone...
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