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Old 04-17-2015, 12:02 PM   #1
joeyckl
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Join Date: Apr 2015
Location: Ontario
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Worth buyback after lease?



Hi,

I am new to this forum. I would like to know some of your ideas. I've leased my first BMW F30 320i xdrive 2013. I love it very much. However, I would want to know if anyone have any issues with this car. My lease will be over next year of Oct 2016. The buyback value of this car is 23k and the value of the lease is 24k. I am wondering if I should finance another pre-owned or refinance mine. Currently my mileage for this car is around 24,000 km.

Thanks!
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Old 04-17-2015, 01:11 PM   #2
T.Dot_E30
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Sounds like you have a low mileage for the age, plus you know the history.

Unless you have a reason such as wanting another model, or if there is an accident history or major issues that make you not want this car, then I would recommend buying it out vs buying another used car with unknown history.
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Old 04-17-2015, 02:56 PM   #3
joeyckl
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I guess its true.

Thank you very much!
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Old 10-18-2015, 11:07 AM   #4
4doors
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Quote:
Originally Posted by joeyckl View Post
Hi,

I am new to this forum. I would like to know some of your ideas. I've leased my first BMW F30 320i xdrive 2013. I love it very much. However, I would want to know if anyone have any issues with this car. My lease will be over next year of Oct 2016. The buyback value of this car is 23k and the value of the lease is 24k. I am wondering if I should finance another pre-owned or refinance mine. Currently my mileage for this car is around 24,000 km.

Thanks!
The problem with buying out a lease car is the value is tied to whatever deal was made when the car was purchased, not the current market value. Often the market value is lower than the lease buyout. As you get close to Oct 2016, BMW will likely offer you something to get you into another car. Loyalty credit, early return, etc . . . That may be attractive. Plus, next year you can get either the LCI version of the 320 or even the 2017 version of the car. Also, 3 months before lease end start looking on Autotrader and leasebusters to see what car prices are like for your car, then decide.
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