Re-lease experience (not lease extension)

E89_77 · 09-11-2017, 03:42 PM

For the people who lease their cars, does anybody has experience with re-lease?

This is not lease extension which you can get up to 6 months if you order a new BMW.

My lease will be up in couple of months and since there is no '17 or '18 Z4 I can lease, I would like to re-lease my '15. This exists and I am asking if anybody has experience with this? How much was the payment difference?

bobmos · 09-12-2017, 11:14 AM

I am not sure how it works in the US, but in Canada it works like this. When your lease is up you can do a buyback or have your dealer assume the car at the buyback price and then re-lease it to you. It will be leased at the prevailing rates. Or, you can take a risk and reject your buyback and ask the dealer to submit a bid on the car. BMW finance will then accept or reject the bid within 24 hours. If they reject the bid the car is gone. If they accept, then you may end up with a better deal. I have seen this work on a 328 that had a 20k buyback. Dealer put in a bid of 16k and got the car...

unixphone · 09-17-2017, 04:03 PM

There is no release option. The deperciate value and maintance program does not make sense for them. You should get a car loan and purchase it.

09-11-2017, 03:42 PM	#1
E89_77 New Member 4 Rep 23 Posts Drives: 2015 z4 sDrive35i M Sport Join Date: Apr 2014 Location: Orange County, CA iTrader: (0) Garage List 2015 BMW Z4 sDrive35i [8.50]	Re-lease experience (not lease extension) For the people who lease their cars, does anybody has experience with re-lease? This is not lease extension which you can get up to 6 months if you order a new BMW. My lease will be up in couple of months and since there is no '17 or '18 Z4 I can lease, I would like to re-lease my '15. This exists and I am asking if anybody has experience with this? How much was the payment difference? __________________ 2015 BMW Z4 sDrive 35i M-Sport, DINAN Stage III (current) 2015 BMW 428i (retired) 2007 BMW Z4 3.0si (retired) 2012 BMW 328i (retired) 2009 BMW 328i (retired)
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09-12-2017, 11:14 AM	#2
bobmos Private 26 Rep 76 Posts Drives: 2018 540i, 2015 Z4 35i Join Date: Oct 2015 Location: Montreal, Canada iTrader: (0)	I am not sure how it works in the US, but in Canada it works like this. When your lease is up you can do a buyback or have your dealer assume the car at the buyback price and then re-lease it to you. It will be leased at the prevailing rates. Or, you can take a risk and reject your buyback and ask the dealer to submit a bid on the car. BMW finance will then accept or reject the bid within 24 hours. If they reject the bid the car is gone. If they accept, then you may end up with a better deal. I have seen this work on a 328 that had a 20k buyback. Dealer put in a bid of 16k and got the car...
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09-17-2017, 04:03 PM	#3
unixphone Enlisted Member 0 Rep 34 Posts Drives: 2013 X1 & 2014 Z4 Join Date: May 2014 Location: US iTrader: (0)	There is no release option. The deperciate value and maintance program does not make sense for them. You should get a car loan and purchase it.
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