Lease buyout process question

HkazemiHkazemi Member Posts: 1
edited July 2022 in BMW

I went to one of the biggest BMW dealerships in the Bay Area to buy out my lease. The process was a bit off to me. Among the papers that I signed, in some I was the seller, in others I was the buyer.

I asked about it and they said this is the normal lease buyout paperwork. Then the price on the paper was $750 higher than residual, which again I was told it's the paperwork fee but they didn't breakdown it on receipt and instead put the car price as residual + $750 (they charged for the licence, plate, etc separately). I am just very confused about why I was both seller and buyer? What was the catch?

They also forced me for a free service that I don't get why? It took 2 hours.

Comments

  • kyfdxkyfdx Moderator Posts: 267,627
    Hkazemi said:

    I went to one of the biggest BMW dealerships in the Bay Area to buy out my lease. The process was a bit off to me. Among the papers that I signed, in some I was the seller, in others I was the buyer.

    I asked about it and they said this is the normal lease buyout paperwork. Then the price on the paper was $750 higher than residual, which again I was told it's the paperwork fee but they didn't breakdown it on receipt and instead put the car price as residual + $750 (they charged for the licence, plate, etc separately). I am just very confused about why I was both seller and buyer? What was the catch?

    They also forced me for a free service that I don't get why? It took 2 hours.

    In my experience, you can buyout your leased vehicle directly from BMWFS, without involving a dealer.

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