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07-15-2011, 11:55 AM | #23 |
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Why not try this?
Take your car to CarMax and see what's it's worth with a 37k Residual, you may come out on top! If they offer you 40k for it, you can use that 3k towards leasing a new e93 m3 the new leases are amazingly cheap I say take that $5100 towards leasing a new E93 It can cover the drive off and 3 payments or so. You get the new upgraded nav etc, a new car, 4 years of full warranty... |
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07-15-2011, 12:13 PM | #24 | |
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07-15-2011, 12:14 PM | #25 | |
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07-15-2011, 12:32 PM | #27 | |
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07-15-2011, 01:29 PM | #28 |
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The residual of '08 lease that I turned in was $37,xxx. The dealer CPO'd it and put it out in their used car showroom with a sticker price of $49,xxx.
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07-15-2011, 02:02 PM | #29 |
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You can always negotiate something to keep it reasonable. For example my 2010 M3 will have a residual of about $43k and a value approaching $60k. The dealer will buy it at the residual (so there's no "loyalty fee"), CPO it, and only mark it up another $800 making a sale price to me of about $47k. And right now there are good lease numbers on CPO cars making a re-lease through the dealership a real possibility.
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07-15-2011, 07:20 PM | #30 |
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i would save now and gamble later
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07-15-2011, 09:16 PM | #31 | |
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07-15-2011, 11:14 PM | #32 | |
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So I called a PR friend at BMWNA and he laughed at told me that they were clearly lying to me just so they could get out of the the CPO warranty process, or so they could sell their own. I went to purchase the car, and they offered me the BMW M CPO warranty and then THEIR warranty for 300 bones less. I chose to do neither and laughed at how much money they wanted.
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07-16-2011, 11:20 PM | #33 | |
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Leif W. |
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07-17-2011, 12:13 AM | #34 | |
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Sounds like they are just trying to make money off you on the warranty if you ask me. |
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07-17-2011, 06:44 AM | #35 |
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Not sure...
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07-17-2011, 10:13 AM | #37 |
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07-17-2011, 10:20 AM | #38 |
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I wouldnt gamble simply because there are too many electronic variables in the engine/drive train. Your SES light goes on, you go to the dealer and its an O2 sensor. No wait, the light came back on, its your other O2 sensor. No wait, its your wiring harness, I mean your ECU, i mean your catalytic converter. Hmmm, lets open a PUMA case?
Five trips to the dealer and I added up the parts/labor and diagnostics. Easily over 5K, and i didnt even see it as a big problem. It was just the computer unable to manage increased emissions. If the NAV/display goes out, same thing; could be a diagnostic headache. The electronic systems on theses cars can be like a water leak in your house; fix the damage, address the problem, find the source etc. |
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07-17-2011, 11:07 AM | #39 | |
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07-19-2011, 11:35 PM | #41 | |
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07-20-2011, 12:18 AM | #42 | |
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The dealer will actually get the car for the Auction price, which is usually below the residual at the end of the lease. When the 335 lease was up, I asked Wil at Nick Alexander (now back at Long Beach BMW) what he could do for me. He sold the car back to me (without CPO) for $2,500 below my residual and he made money too.
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Let me get this straight... You are swapping out parts designed by some of the top engineers in the world because some guys sponsored by a company told you it's "better??" But when you ask the same guy about tracking, "oh no, I have a kid now" or "I just detailed my car." or "i just got new tires."
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07-20-2011, 06:11 PM | #43 |
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I was quoted the same for the Gold EVP...
I ended up paying for the Powertrain Plus which I still feel is a rip-off but at least I have some coverage if something goes wrong. I'm not afraid to turn a wrench but there's a ton of complex stuff I don't think I could figure out myself if something went wrong. |
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07-23-2011, 01:01 AM | #44 | |||
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Carmax offered me 42000, and BMW dealer agreed to match it if i bought a new car, and gave me BMW Loyalty special too. Once I added up the costs (maintenance, warranty or putting aside $), it just didn't make sense to buy out the lease anymore. SO.....i got into a 2011 Jerez Black M3 Sedan. I am still in the break in period, so I havent had a chance to really try it out, but the new M3 is awesome! I hate to admit it, but losing the extra weight of the convertible makes a definite difference! It just feels super light now, with crisper turn in, zippier acceleration, and just a totally different feel. Having the top down on a cool night was awe inspiring too, but I live in Florida and I think I took the top down less than once a month. My monthly payments on the new M3 (lease 36 months 15k miles a year) ended up being just below 1K with no money at inception. My monthly payments for the old M3 would have been 900 if I skipped the warranty and didn't include maintenance. Once the break in is over, I'll let everyone know what my verdict is on the Sedan vs Convertible! New Navigation and electronics are superb compared to the 08 btw! Full screen nav rocks! BMW Apps looks promising, and having a real trunk/boot is a revelation... |
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