[PVC]

I'm in a somewhat of a tough spot at the moment and need some advice. My current lease ends in February, which is less than 6 months away. The question is, should I

A) Start looking for an allocation?
B) Wait till around December to see if the chip shortage and inventory issues are hopefully sorted out?
C) Buy my F80 and keep it for another year?
D) Look for other alternatives like M340 or something similar?

I hate paying over MSRP and that option is probably out of the question. One thing I'm definitely planning on doing is buying the F80 and selling it for profit in the hot sellers market, but it has to be replaced by something else. And if I wait for another year, maybe the market won't be as hot when it's time to sell.

Too many variables and options. Who's got a crystal ball?

[Gfit]

Buy your lease out, order you car now and sell it when it comes in. Shortages aren't ending anytime soon. That's exactly what I did. You will pay msrp but can offset that with the once in a lifetime equity on the current lease

[frankiebones]

Don't get gouged but be willing to pay MSRP or a tick more. Dealers have all the leverage right now. Don't let the mentality of "I won't pay a dime over MSRP" prevent you from getting an allocation if it's a reasonable markup ($1,000 or so) and that's indeed the car you want to be driving. Life is short.

Dealers have never had it so good in terms of pricing power. We cannot fail to recognize the fact that the competitive landscape has drastically changed.

I paid MSRP. I was actually happy to do so because my dealer sold 2 cars at $10k over that same week and but for my strong relationship with my CA, I would have suffered the same fate.

I plan on doing very well in 2.75 years on my next G80, so it will even out.

[PVC]

I spoke to my dealer 1-2 months ago, and he said he probably won't charge me over MSRP 😁

And I guess if I'm shopping for allocations, I need to get to work right away or maybe wait another month or so?

[PVC]

Originally Posted by Gfit

Buy your lease out, order you car now and sell it when it comes in. Shortages aren't ending anytime soon. That's exactly what I did. You will pay msrp but can offset that with the once in a lifetime equity on the current lease

You're saying I should sell the G80 when I get it? That's an interesting idea

[Salespunk]

You buy and sell in a like market so strong value on your F80 means high prices on the G80. Catch 22 situation.

You can find cars at sticker right now and I would not be surprised to see significant increases in pricing next year on the order of 5-10% if shortages and inflation continue.

[Gfit]

Originally Posted by PVC

You're saying I should sell the G80 when I get it? That's an interesting idea

Sorry. No. Start working on getting an allocation and buy out/sell your currently leased car when it comes in to take advantage of the equity.

[KnightedBMW]

My current lease is up in February as well and I started trying to source an allocation in March of this year. I finally got an allocation in July and the car is hon a ship on its way to the US now. I'm hoping I'll have my car in the next few weeks.

That being said, I'll have about 4 payments left on my current lease by the time my G80 comes. I'll either sell it and net positive on the payoff or if I still happen to be upside down on the car (which I can't imagine), I'll see if BMW will take it back early since the used car market is insane. My current car is way under miles.

Worst case scenario, I have a 2nd car for a few months.

[M3Fahrer]

A,B, or C but not D

[calbears]

Originally Posted by PVC

You're saying I should sell the G80 when I get it? That's an interesting idea

Allocations for October builds were just released this week. If you need it by February, you should get on it. November builds might make it by February.

[///M ARMY]

Originally Posted by calbears

Allocations for October builds were just released this week. If you need it by February, you should get on it. November builds might make it by February.

True. Crazy to think September is next week. Getting an allocation at msrp is good right now.

[Cinco]

yes, order the car now. my RS3 lease finished this month with a residual of 31k. current private sales prices of my car with the mileage are 48-56k. so i would be doing really well, but I'm still waiting for my car to start production.

it's a horrible wait. I'd rather get my car one month early. plus i might lose the current prices as time goes on.

[Tyga11]

Be willing to refuse delivery if your car arrives without any of the options you've ordered. I've seen too many horror stories on here

[luckylingy]

You can extend your lease month-to-month for up to 6 months, so you have some flexibility on timing your switch, if you decide to get a new one.

[TheStanman]

The Used market is hotter than New currently. In theory, selling your used car and buying new makes the most financial sense. But depends on your lease terms and if you can find car at MSRP.

Buying out your lease and waiting a year to buy new is the easiest and most straight-forward path.

I work in the vehicle valuation space and we're predicting used prices to fall ~10% in the next year. But everything is volatile it's hard to say for sure.

[vj123]

I would start looking for an allocation now as it might take a while for your dealer to get an allocation. Working in the industry, i can tell you that chip shortage is going to last well into 2022 and not going to get better anytime soon.

[LuvMyE92]

I believe used car prices peaked in June, and although still high, will likely fall as new car supply starts to catch up to demand.

But that's only my opinion.

So, to the OP, I'd suggest ordering your car as soon as an allocation comes up, and then you can reevaluate the fate of the F80 whenever it comes in.

I don't know if "LA" means L.A. or Louisiana, but here where I am, when you buy out a lease, you pay sales tax on the payout amount, which can be substantial in some states.

[2011ninja]

Originally Posted by Cinco

yes, order the car now. my RS3 lease finished this month with a residual of 31k. current private sales prices of my car with the mileage are 48-56k. so i would be doing really well, but I'm still waiting for my car to start production.

it's a horrible wait. I'd rather get my car one month early. plus i might lose the current prices as time goes on.

Holy Smack!!!

What year is the RS3 and how many miles?

[merlin3008]

If I were you, I would start looking for an allocation today. At best, if you find a dealer without much of a wait list, you could secure a week 45 production slot. That would get you a car in December or January. I wouldn't wait as nobody really knows how many allocations will be made available.

I'd also take advantage of the used car market now. Cars, especially sports cars, tend to sell better around here in the Summer. I actually sold my AMG car last month even though my M3 isn't expected until November. I took $8,000 out of that lease and rolled it into my M. In the meantime, I bought a little VW to take me back and forth to the train station. I'll sell it for what I paid for it when the BMW arrives.

[Bch53211]

No need to buy out lease to sell. Carmax or Carvana will pay off the lease payoff and pay you any extra equity . Carvana will give you a quote without looking at car on their website . Carmax will want to do an in person appraisal at one of their locations which takes less than 1/2 hour. I did both and Carmax offered me about 500 more than Carvana. I did this with my 18 m3 comp and got 7400 over payoff - couldn’t have been any easier . As far as extending the lease , bmw a will extend 2 extra months no questions asked and more beyond that if you have an order for a new car. One thing to keep in mind is Carvana and Carmax say they will not buyout a payoff if it’s less than 60 days to maturity . They will likely still do it but you need to get approval on a case by case basis . BMW does have some verbiage stating that they will not allow a payoff to I dealership but this is not true I did it no questions asked and called BMW FS before hand to make sure

[Bch53211]

I live in the Milwaukee area I posted on here a few weeks back there is a dealer here with an m4 allocation, not sure if it’s still available but I could ask . Def not over msrp and maybe even a little under - was surprised only one person contacted me despite all the complaints that allocations are so hard to find . I have an order in with production starting any day now , I got 7% under msrp but I have a good relationship with my dealer and have leased 2 previous m cars with them in past.

[Gfit]

Originally Posted by Bch53211

I live in the Milwaukee area I posted on here a few weeks back there is a dealer here with an m4 allocation, not sure if it’s still available but I could ask . Def not over msrp and maybe even a little under - was surprised only one person contacted me despite all the complaints that allocations are so hard to find . I have an order in with production starting any day now , I got 7% under msrp but I have a good relationship with my dealer and have leased 2 previous m cars with them in past.

Agreed. I'm 40 min from NYC and spoke to my dealer yesterday. No list and they get 3-5 allocations a month at msrp. They are out there.