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      04-18-2021, 06:52 AM   #45
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Originally Posted by videoman535i View Post
Any insight into how I might properly evaluate this offer?.
Place it into a recycling bin or garbage can near you.

Most folks seemed to have received a similar marketing flyer. If you are really interested in getting a new vehicle now then visit your dealer and talk specific numbers about a specific vehicle and evaluate that.
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      04-18-2021, 10:28 AM   #46
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I need to explore if my dealer would offer a similar deal. We don't want another X5 but might consider an X3M40i. However I won't lease again. We are not driving enough thus paying for miles we aren't using.
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      04-19-2021, 07:43 AM   #47
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Quote:
Originally Posted by videoman535i View Post
Their claim is that I can replace my 2019 40i with (what I assume) is a comparable 2021 and save $74 a month due to a $1500 BMW loyalty credit and a $3500 dealer preferred customer bonus (and a possible waiving of the $350 lease disposition fee, whatever that is).

Any insight into how I might properly evaluate this offer?
Lease disposition is usually waived if you replace with another BMW, so nothing there.

The 5,000 in credits isn’t useful to gauge the deal unless you know what the total discount is off the MSRP of the new X5.

Most importantly, unless you’re going to get more out of the 2021, either in the form of additional features, options or color and trim you’d rather have, then it isn’t worth it.

If the new vehicle truly is just comparable to your existing X5 I’d say the only difference worth mentioning from the 2021 is the addition of a “mild hybrid” system which improves smoothness of engine starts after shutting off from stops.
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      04-19-2021, 06:41 PM   #48
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What is the best way to determine if our cars are currently selling for "high prices"?
I understand you can simply go to Carmax but if we want to research with data available in the internet, is there any accurate way?

I had this sentiment when I saw that <20,000 mileage 2019 x5 is currently selling for 55~51k. If we translate that with a realistic discount, it could be worth around $48k.. Comparing the trend against my lease-end buyout price ($36k, @12k use / yr), it seemed the actual value might be higher in about one year, when my lease ends.
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      05-13-2021, 08:05 AM   #49
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I received a "offer" (I use that term lightly) from my local BMW dealer offering me $51,145 for my 2019 X5. Buyout is $39,100. Lease is up in 5 months so we'd have to settle up on the remaining payments and profit would come down by $3.5K if the "offer" is real and we decide to accept it.

I've seen this form of "advertising" before - it's always been nothing more than an attempt to drag me into the dealer. However, the rise in used car prices is well publicized/documented and I checked dealer pricing on used 2019 X5's and this offer does not seem crazy.

I further understand that in most states one can exercise the purchase option and trade in the vehicle to the dealer and avoid paying sales tax (apparently there is a 10-day window observed by most states). Even if not so, there is still way more equity in the offer than the cost to buy it out and turn it in.

Anyone else getting one of there "offers"? Anyone take a trip to the dealer to investigate the legitimacy of the offer?
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      05-13-2021, 08:20 AM   #50
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We just traded our 2018 Audi Q7 Prestige with 18k miles for a 2021 Q7 Prestige at lease end. The residual was 35k, we got 45k on a trade.

I've never had that much equity on a lease trade. So the dollars are real. And they had the 18 sold the next day.

Not sure how X5s are fairing, but if this is any indication.
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      05-13-2021, 09:02 AM   #51
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Quote:
Originally Posted by parkstr8 View Post
We just traded our 2018 Audi Q7 Prestige with 18k miles for a 2021 Q7 Prestige at lease end. The residual was 35k, we got 45k on a trade.

I've never had that much equity on a lease trade. So the dollars are real. And they had the 18 sold the next day.

Not sure how X5s are fairing, but if this is any indication.
How did the work out with sales tax? What state are you located in?
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      05-13-2021, 09:12 AM   #52
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I had good luck with Vroom, they offered roughly $8K more than my lease buyout on a 2019 X3 m40i. With only 5mo remaining it was a no brainer.

Vroom buys the car and then BMWFS cuts you a check for the overage.



Quote:
Originally Posted by parkstr8 View Post
We just traded our 2018 Audi Q7 Prestige with 18k miles for a 2021 Q7 Prestige at lease end. The residual was 35k, we got 45k on a trade.

I've never had that much equity on a lease trade. So the dollars are real. And they had the 18 sold the next day.

Not sure how X5s are fairing, but if this is any indication.
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      05-13-2021, 10:00 AM   #53
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Quote:
Originally Posted by mgiannetto View Post
I received a "offer" (I use that term lightly) from my local BMW dealer offering me $51,145 for my 2019 X5. Buyout is $39,100. Lease is up in 5 months so we'd have to settle up on the remaining payments and profit would come down by $3.5K if the "offer" is real and we decide to accept it.

I've seen this form of "advertising" before - it's always been nothing more than an attempt to drag me into the dealer. However, the rise in used car prices is well publicized/documented and I checked dealer pricing on used 2019 X5's and this offer does not seem crazy.

I further understand that in most states one can exercise the purchase option and trade in the vehicle to the dealer and avoid paying sales tax (apparently there is a 10-day window observed by most states). Even if not so, there is still way more equity in the offer than the cost to buy it out and turn it in.

Anyone else getting one of there "offers"? Anyone take a trip to the dealer to investigate the legitimacy of the offer?
The problem is that the huge equity left in your car will get wiped out by outrageous new (pretty much at MSRP now) or used car prices. You only win if you don’t need to get another car.
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      05-13-2021, 10:28 AM   #54
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We got over 6500 off the MSRP of the high spec'd Q7 - and then 2k more with the Costco program.

It really depends on the brand, car, stock, etc.

I just found out they sold the Q7 for 53, after giving us 45. lol

Quote:
Originally Posted by javapro View Post
The problem is that the huge equity left in your car will get wiped out by outrageous new (pretty much at MSRP now) or used car prices. You only win if you don’t need to get another car.
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      05-22-2021, 11:08 PM   #55
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Quote:
Originally Posted by munich5 View Post
I had good luck with Vroom, they offered roughly $8K more than my lease buyout on a 2019 X3 m40i. With only 5mo remaining it was a no brainer.

Vroom buys the car and then BMWFS cuts you a check for the overage.
Thanks for sharing this. Any info on how this would work if your current BMW lease had MSDs? We live in NY, but got our X5 from a PA dealer and had 7 MSDs (approx. $3500 I believe)….will Vroom etc. return the MSDs amount as well?
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      05-23-2021, 06:42 AM   #56
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Originally Posted by metalblaze View Post
Thanks for sharing this. Any info on how this would work if your current BMW lease had MSDs? We live in NY, but got our X5 from a PA dealer and had 7 MSDs (approx. $3500 I believe)….will Vroom etc. return the MSDs amount as well?
If you are paying off the lease early then you have the option of putting the MSDs towards the payoff. If you don't then they will be refunded to you after the lease is paid.
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      05-23-2021, 06:46 PM   #57
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Just got an offer from the dealership for an upgrade 24months early. Didn't know they would do 2 year pull in early deals.

On the fence right now since i rarely drive. Only have 7k on my car im running aftermarket wheels meaning the original wheels and tires have 200 miles on them. I may just sell private party.
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      05-23-2021, 06:53 PM   #58
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Quote:
Originally Posted by Chloros View Post
Just got an offer from the dealership for an upgrade 24months early. Didn't know they would do 2 year pull in early deals.

On the fence right now since i rarely drive. Only have 7k on my car im running aftermarket wheels meaning the original wheels and tires have 200 miles on them. I may just sell private party.
Since leased cars belong to BMW FS, with the current market they want to move as many new cars and know the used market is hot. So a win-win as long as your long term plan is to stay on a lease.

In any case, I suppose you will end up paying more. This can be a slippery slope. Unfortunately, I see more than a few people making poor financial decisions. So as long as you are comfortable. Don't be rushed into spending more $. My 2 cents worth.
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      05-23-2021, 07:27 PM   #59
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Originally Posted by FCX5 View Post
Since leased cars belong to BMW FS, with the current market they want to move as many new cars and know the used market is hot. So a win-win as long as your long term plan is to stay on a lease.

In any case, I suppose you will end up paying more. This can be a slippery slope. Unfortunately, I see more than a few people making poor financial decisions. So as long as you are comfortable. Don't be rushed into spending more $. My 2 cents worth.
Completely agree with you. I figured i would end up paying more which is the last thing i want to do. I do want to move up to a V8 but figured the best approach would be to private sale.
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