Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options

Lease End Leverage?

EldeeEldee Member Posts: 25
edited March 1 in BMW
I am approaching the end of my lease '21 BMW X3 M40i. I would like to purchase a used Lexus GX460. If there is a spread between my buyout and the current pricing of '21 X3 M40i's comparably equipped and with similar miles.... can I leverage that equity toward the purchase of a used GX on a dealer's lot for the access to my BMW at its contract's maturity? I realize I wouldn't get 100% of the equity, but it seems to be a solid offer for a dealership to acquire a desirable lease-end vehicle AND move a used unit sitting on their lot. Thoughts?

Comments

  • Options
    kyfdxkyfdx Moderator Posts: 237,185
    Eldee said:

    I am approaching the end of my lease '21 BMW X3 M40i. I would like to purchase a used Lexus GX460. If there is a spread between my buyout and the current pricing of '21 X3 M40i's comparably equipped and with similar miles.... can I leverage that equity toward the purchase of a used GX on a dealer's lot for the access to my BMW at its contract's maturity? I realize I wouldn't get 100% of the equity, but it seems to be a solid offer for a dealership to acquire a desirable lease-end vehicle AND move a used unit sitting on their lot. Thoughts?

    An unaffiliated dealer's payoff could be different from your payoff. Only you have no way to know what it might be.

    You can try trading it, and see what they come up with.

    An X3 is not a vehicle that usually has any equity at lease end, though anything is possible.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Options
    EldeeEldee Member Posts: 25
    I'm seeing similar vehicles priced just north of 40k and my buyoout is 33k. I'm thinking if I can find the vehicle I want at a couple different BMW dealerships, then they have a dual interest in competing for my business - they move a unit currently on their lot while also taking in a vehicle they can move. Any wisdom there?
  • Options
    kyfdxkyfdx Moderator Posts: 237,185
    Eldee said:

    I'm seeing similar vehicles priced just north of 40k and my buyoout is 33k. I'm thinking if I can find the vehicle I want at a couple different BMW dealerships, then they have a dual interest in competing for my business - they move a unit currently on their lot while also taking in a vehicle they can move. Any wisdom there?

    Yeah, you'll do better at a BMW dealer, but what is the chance they'll have a specific non-BMW vehicle?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Options
    EldeeEldee Member Posts: 25
    They are a member of an Auto group that sells several different makes at different dealerships. I have identified a particular used vehicle at one of their dealerships. Make more sense now? apologies for lack of detail
  • Options
    kyfdxkyfdx Moderator Posts: 237,185
    Eldee said:

    They are a member of an Auto group that sells several different makes at different dealerships. I have identified a particular used vehicle at one of their dealerships. Make more sense now? apologies for lack of detail

    Yeah, but don't be surprised if that doesn't work out. UCMs aren't likely to just give up a unit to another store, even in the same group.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

Sign In or Register to comment.