Lease Ending Soon: Buy Vs Switch??

haspi · 08-07-2011, 07:26 AM

Hi all - The lease is ending in few months for my 2009 35i. I have less than 10000 miles on it. The car is in very good condition other than one rear end accident which shows in the carfax.

(The car is fully loaded, all options other than parking sensors and trunk pass through.) I have about 46K left to pay.

Should I buy the car or leave it, what do you think?

Any chance I can negotiate with BMW finance due to accident? Any tips?

Thanks a lot

Kief · 08-07-2011, 08:19 AM

If there are still any 2011 Z around, I would jump on getting into one of them and dump the few remaining payments into the new deal (not always a smart idea, but w/these lease specials you can't go wrong). If you can't find a 2011, I would still return the car at lease end. One of the perks of a lease is when you are in an accident, you don't have to worry about the deminish value--just return it. You don't want to have to worry about the DV on the carfax when you eventually do sell it.

ZheHbKa · 08-07-2011, 08:33 AM

check local listing for similar cars, with an accident u will have a problem getting a good price for it later.
seems a little high for a buyout, i would go with a new lease with current deals

bmw-nj · 08-07-2011, 11:26 AM

I agree with what the others said above.

Huge hassle to sell a car that's been in an accident even a minor one especially a relatively high end car.

I would look to get into a lease quickly in a 2011 Z4 35i/35is unless you love the car in which case buy it out and keep it for a few years.

mike0804 · 08-07-2011, 11:34 AM

Dump it.

Mr. ///M3 RD · 08-07-2011, 12:19 PM

Quote:

Originally Posted by haspi

Hi all - The lease is ending in few months for my 2009 35i. I have less than 10000 miles on it. The car is in very good condition other than one rear end accident which shows in the carfax.

(The car is fully loaded, all options other than parking sensors and trunk pass through.) I have about 46K left to pay.

Should I buy the car or leave it, what do you think?

Any chance I can negotiate with BMW finance due to accident? Any tips?

Thanks a lot

How long was your lease? and your down payment + monthly payments? Calculate what you already spend then decide if it is worthwhile to keep the car or trade up to something higher like a 2010 or 2011.

What you paid so far and still have to pay (cash out, finance or continue the lease) will help you decide what to do

In my case all transactions were cash from a 2002 e46 to a 2008 e85 to a 2009 e89 then back to the 2011 M3 e92 (yes I lost money in all them deals, then the Z4's gave me the fun I was looking for).

Good luck, perhaps your best bet is to trade up like the others said ... just crunch the numbers then decide.

ring007 · 08-07-2011, 03:20 PM

1

Quote:

Originally Posted by Kief

If there are still any 2011 Z around, I would jump on getting into one of them and dump the few remaining payments into the new deal (not always a smart idea, but w/these lease specials you can't go wrong). If you can't find a 2011, I would still return the car at lease end. One of the perks of a lease is when you are in an accident, you don't have to worry about the deminish value--just return it. You don't want to have to worry about the DV on the carfax when you eventually do sell it.

haspi · 08-07-2011, 04:54 PM

Quote:

Originally Posted by Rolf-Dieter

How long was your lease? and your down payment + monthly payments? Calculate what you already spend then decide if it is worthwhile to keep the car or trade up to something higher like a 2010 or 2011.

What you paid so far and still have to pay (cash out, finance or continue the lease) will help you decide what to do

In my case all transactions were cash from a 2002 e46 to a 2008 e85 to a 2009 e89 then back to the 2011 M3 e92 (yes I lost money in all them deals, then the Z4's gave me the fun I was looking for).

Good luck, perhaps your best bet is to trade up like the others said ... just crunch the numbers then decide.

By the end of the lease I would have spent close to 24K (including down payment)

Thanks everyone for the input, it hurts to let a barely used car go...

I will check if there are any 11's left.

epbrown · 08-08-2011, 01:03 AM

There must be - last I heard Z4s were averaging almost 200 days on dealer lots. The Z-cars are always late bloomers. A retired car salesman stopped me at the grocery store to admire my Z3 coupe and reminisced about how slow they were to sell.

08-07-2011, 07:26 AM	#1
haspi Private First Class 13 Rep 118 Posts Drives: SDrive35i Join Date: Sep 2009 Location: . iTrader: (0)	Lease Ending Soon: Buy Vs Switch?? Hi all - The lease is ending in few months for my 2009 35i. I have less than 10000 miles on it. The car is in very good condition other than one rear end accident which shows in the carfax. (The car is fully loaded, all options other than parking sensors and trunk pass through.) I have about 46K left to pay. Should I buy the car or leave it, what do you think? Any chance I can negotiate with BMW finance due to accident? Any tips? Thanks a lot
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08-07-2011, 08:19 AM	#2
Kief Major General 4439 Rep 5,731 Posts Drives: '24 iX50; '23 i4 M50 Join Date: Dec 2009 Location: Vereinigte Staaten von Amerika iTrader: (26)	If there are still any 2011 Z around, I would jump on getting into one of them and dump the few remaining payments into the new deal (not always a smart idea, but w/these lease specials you can't go wrong). If you can't find a 2011, I would still return the car at lease end. One of the perks of a lease is when you are in an accident, you don't have to worry about the deminish value--just return it. You don't want to have to worry about the DV on the carfax when you eventually do sell it. __________________ __________________ '24-I20 iX 50; '23-G26 i4 M50; '22-G82 M4Cx;20-G05 M50i; '20-F82 M4CS; '18-F80 M3CS; '18-F80 M3CS; '18-F85 X5M; '18-G01 X3M40i; '18-F80 M3ZCP; '17-F80 M3ZCP; '15-F15 X5; '15-F82 M4; '12-E92 335is; '11-E70 X5d; '11-E89 Z435is;'09-E89 Z435i; '08-E92 335i; '06-E90 330i; '05-E83 X3; '04-E83 X3; '03-E46 325Ci* *retired
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08-07-2011, 08:33 AM	#3
ZheHbKa Lieutenant Colonel 78 Rep 1,793 Posts Drives: the Wind Join Date: Jul 2007 Location: NYC iTrader: (0) Garage List 2014 BMW 335 Xi [10.00]	check local listing for similar cars, with an accident u will have a problem getting a good price for it later. seems a little high for a buyout, i would go with a new lease with current deals __________________ 2014 F30 335 X-Drive \| 6-MT \| Alpine White/Coral Red \| ZMM ZDH ZDA \|
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08-07-2011, 11:26 AM	#4
bmw-nj Captain 99 Rep 700 Posts Drives: 2014 BMW 335 xdrive M sport Join Date: Apr 2011 Location: Hillsborough, NJ iTrader: (1)	I agree with what the others said above. Huge hassle to sell a car that's been in an accident even a minor one especially a relatively high end car. I would look to get into a lease quickly in a 2011 Z4 35i/35is unless you love the car in which case buy it out and keep it for a few years.
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08-07-2011, 11:34 AM	#5
mike0804 Enlisted Member 4 Rep 30 Posts Drives: 2011 BMW Z4 3.5is Join Date: Jul 2011 Location: Atlanta, GA iTrader: (0) Garage List 2016 Chevrolet Corv ... [0.00] 2014 Chevrolet Corv ... [10.00]	Dump it.
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08-08-2011, 01:03 AM	#9
epbrown Colonel 60 Rep 2,128 Posts Drives: BMW M Coupe, Porsche Boxster S Join Date: May 2007 Location: Chicago, IL iTrader: (0)	There must be - last I heard Z4s were averaging almost 200 days on dealer lots. The Z-cars are always late bloomers. A retired car salesman stopped me at the grocery store to admire my Z3 coupe and reminisced about how slow they were to sell.
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