[Delmoney335]

Curious what others with leases coming to an end this year are going to do, keep/sell/return?

My '21 G80 lease ends in July , thinking of keeping it at least for now as I believe there will be some decent equity in it. Low miles 12k and good condition, even though not X drive, I am pretty confident that it will be worth more than the lease end residual.

I don't necessarily plan to sell it right after, I love the car and as the cost of a new one has increased since 2021, wouldn't make much sense to get a new one unless I needed/wanted X-Drive.

Now if discounts off MSRP start up again and rates decline, maybe that math would change.

Anyone with experience buying out at lease end in Florida recently ? I am reading that the laws have changed and buyouts must be done through a dealer.

[Berzerker]

You can easily get a discount on a G82 if you're looking for that. Your G80 definitely has equity given low mileage, pre-inflation prices, and lower interest rates.

I would think the equity makes the price increases a wash, but if you like the car just keep it!

[Vmaxx]

Originally Posted by Delmoney335

Curious what others with leases coming to an end this year are going to do, keep/sell/return?

My '21 G80 lease ends in July , thinking of keeping it at least for now as I believe there will be some decent equity in it. Low miles 12k and good condition, even though not X drive, I am pretty confident that it will be worth more than the lease end residual.

I don't necessarily plan to sell it right after, I love the car and as the cost of a new one has increased since 2021, wouldn't make much sense to get a new one unless I needed/wanted X-Drive.

Now if discounts off MSRP start up again and rates decline, maybe that math would change.

Anyone with experience buying out at lease end in Florida recently ? I am reading that the laws have changed and buyouts must be done through a dealer.

Get it appraised so you know exactly. Something like carmax or online buyers like vroom or Carvana will give you an idea of current value. Also know that you’ll pay taxes again if you buy it at lease end. That part sucks the most because you’re paying taxes twice for the same car.

[Chrono9084]

Pretty sure you only pay taxes on the depreciated value of the car for the lease. You then pay tax on the rest of the car when you buy it at the end. Should mostly be a wash right? Maybe I'm wrong.

[Vmaxx]

Originally Posted by Chrono9084

Pretty sure you only pay taxes on the depreciated value of the car for the lease. You then pay tax on the rest of the car when you buy it at the end. Should mostly be a wash right? Maybe I'm wrong.

It depends on the state. Some states require you pay tax on full amount.

[Delmoney335]

It may depend on the state. In some you pay the taxes upfront and others pay on the monthly payment, which is the case in FL. So I think I’d pay only tax on the residual.

[dtronics]

I just bought out a BMW lease a couple months ago. It was my first time buying a lease and it was a very easy process. I had a X5 with under 7k miles on it my wife wanted to keep it.

BMW has rules against selling your car to companies like Carvana and if you bring your own financing or plan to cut a check, you need to go through a process of mailing checks, waiting for titles, etc.

I was ordering a G80 at the same time and my dealer handled the whole process for me. They did a lease return inspection which consisted of a guy looking at the car for under 5 mins. The only additional costs were taxes on the residual amount along with a $250 registration fee. I kept my plates and I was in and out of the dealer in about 15-20 mins. Super easy process.

[MugenNeuspeed]

Be careful with dealers, lot of them like to cpo them and tack on additional charges

[GabesSlowM4]

So I financed my vehicle but have never leased before. I find myself moving into a new vehicle every two years. Would you guys recommend I lease when it's time to? Currently my monthly is $1,250. That was with 8k down. I do like to mod with exterior and exhaust components. Which is why I tend to finance. I hardly tune unless the car is completely paid off to avoid warranty issues. If I can revert the car to stock would you guys suggest leasing going forward. Apologies if this is seen as hijacking OP's post!

[Soylent]

That’s what I vaguely remembered that you can’t sell a leased vehicle anymore to Carmax or similar for profit. What about any equity in the leased vehicle put towards a new lease? Or does BMW own that equity?

[dtronics]

Originally Posted by Soylent

That’s what I vaguely remembered that you can’t sell a leased vehicle anymore to Carmax or similar for profit. What about any equity in the leased vehicle put towards a new lease? Or does BMW own that equity?

Yes. I had two leases expiring. I bought out one of the leases and used the equity in the second lease return towards a G80.

You can return a BMW lease to any BMW dealer so you can shop around.

[Ibiza]

Originally Posted by Soylent

That’s what I vaguely remembered that you can’t sell a leased vehicle anymore to Carmax or similar for profit. What about any equity in the leased vehicle put towards a new lease? Or does BMW own that equity?

Leasehaker has a service that you will get a quote for your lease buyout and have 3 days to accept. It’s probably a BMW dealership making the offer/bid.

[road rage richie]

Originally Posted by GabesSlowM4

So I financed my vehicle but have never leased before. I find myself moving into a new vehicle every two years. Would you guys recommend I lease when it's time to? Currently my monthly is $1,250. That was with 8k down. I do like to mod with exterior and exhaust components. Which is why I tend to finance. I hardly tune unless the car is completely paid off to avoid warranty issues. If I can revert the car to stock would you guys suggest leasing going forward. Apologies if this is seen as hijacking OP's post!

There is a lot at play with Lease vs Purchase. Using the "shop from home" feature on my local dealers website (Sales tax in NYS is different from NM I am sure): I ran the numbers for a $91,795 M3: 36 month 10K lease with $7700 upfront (all taxes, fees only $19.00 cap cost) is $1513.79 per month for a total of $60,682.65 ($495 disposition fee not included) with a RV of $52,323.

To buy with $7700 down (car is $100,142.00 with tax and fees) and a 60 month loan @ 5.29 its $1756.80 per month. After 36 months its a total of $70,994.80 with $39,926.09 left on the note.

With the purchase we have paid $10,312.15 more than the lease but there is $12,936 more paid off. In New York if we trade it in we get a sales tax credit up to the value of the trade. So if I were to trade it in for $50K and buy a $50K car I would be up $5k. I would purchase.

In NY the sales tax on the RV would be about $4500 so if you wanted to buy it after the lease its much much better to finance.

If you are going to drive the car for 30k miles and not get another one after it may be better to lease.

Back in the day my accountant used to write off 5/7ths of a lease via our business but I think the code has changed and we do it by miles now.

Unless mf (interest rate) is really low or the RV is set really high its better to buy. From what I have seen post pandemic leasing has been terrible.