[jscotttt]

This is my first post here after lurking for the past decade...

I am leasing a 2022 M3 Competition and have about a year left. Car is garage kept and has only 15k miles on it. Should be worth significantly more than $46k residual at lease end a year from now.

My last lease was a 2020 M340i (great car!) that I ended up selling back to BMW at lease end for $7k more than the residual. They just cut me a check for the $7k difference. But that was around the height of the Covid shortages and price spikes.

I expect to have to buy out the M3 next year and sell it privately to get max value, but do not have any experience with this or where to find reliable buyers.

Any thoughts or guidance is appreciated.

[harperium]

Take a look at Doug Demuro's site

https://carsandbids.com

Haven't used it, but I expect it to be quirky

[ash_schwin]

Believe it or not, I have sold 4 cars through Facebook marketplace. The only caveat is that you have to be patient to filter through the 10:1 ratio of questions 'Is this still available?' spam messages to serious interested buyers. I have sold a car on AutoTrader before as well and transaction went smooth. Easiest sale was selling the car to CarMax but obviously didn't get the maximum value of the car.

['Cane]

There is a member's classified section here. I sold my E92 there, and I got a good buyer and a good deal, was quite a while ago, but I don't think much has changed.

https://g80.bimmerpost.com/forums/fo...play.php?f=921

[superbrew]

It is my understanding that you have to go through a dealer to pay off your lease, if you leased through BMWFS.

[FC4]

The market for these cars is still relatively strong. You should be able to walk away with some cash. $7K might be a stretch, but at least $2-3K.

[vettejunkie23]

Purchase the car at end of lease and sell, you'll make money!

[dtronics]

I just purchased a lease end with BMFS. BMFS won't allow you to finance outside of BMFS on a lease purchase unless you want to pay cash. You have to buy it through a BMW dealer, you have to pay taxes on the residual value and they will charge you some additional fees (docs, registration, etc).

I had two leases expiring at the same time. I bought one out and returned the other. Something I didn't realize was that you can actually trade positive equity in a lease towards a new car. I thought that money would be lost when I returned it but they applied the equity towards my G80 order. It was a decent amount of money, about $5K. It looks like you already knew about this!

I regard to selling it, I sold a F82 on these forums in a relatively short period of time. It was a great experience and it was nice to sell it to an enthusiast because the car was well modified but babied.

[Vishal50028]

Originally Posted by superbrew

It is my understanding that you have to go through a dealer to pay off your lease, if you leased through BMWFS.

I did that with my 335 years ago.

['Cane]

Originally Posted by Vishal50028

I did that with my 335 years ago.

Yeah, that’s pretty much unchanged from years ago. What’s changed is if you want to get a 3rd party payoff, they don’t allow that anymore.

[jscotttt]

Originally Posted by ash_schwin

Believe it or not, I have sold 4 cars through Facebook marketplace. The only caveat is that you have to be patient to filter through the 10:1 ratio of questions 'Is this still available?' spam messages to serious interested buyers. I have sold a car on AutoTrader before as well and transaction went smooth. Easiest sale was selling the car to CarMax but obviously didn't get the maximum value of the car.

I was actually wondering if anyone tried this so thanks!

[IAmSpeed]

In recent years, I've sold two cars to dealers and three cars in the private market. Selling to a dealer offers convenience but fetches a lower value. On the other hand, selling privately yields higher value despite requiring more time and effort—such as showcasing the car, answering numerous inquiries, handling title transfers, and sometimes accommodating pre-purchase inspections or test drives. I typically provide comprehensive information upfront to minimize repetitive questions and streamline the process.