Quote:
Originally Posted by brk_05
I was in the same boat with the same car (ZHP and all), but I had no interest in turning it in or letting it go, so I bought it out after my last lease payment. To me, it just shows how much BMW subsidizes their leases with over inflated residuals typically. In the past, it never really made sense to buy out your lease without an extra discount, because the residual/buyout was typically higher than the market value. Now its about equal with the value of used cars.
So in the end, i didn't feel like i got a smoking deal by buying out my lease, but I also didnt feel like I was overpaying.
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What color combo ZHP do you have?
I just looked online and for some reason, my payoff has gone up somehow? I am on my 3rd month extension on the lease, but shouldn't the amount be going down? It was around $37k, now it shows $38,121. I've thought about buying the car out, but I don't want to go in $5k underwater on a 3-year-old car. To bad because it's actually been a great car.