BMW 1 Series Coupe Forum / 1 Series Convertible Forum (1M / tii / 135i / 128i / Coupe / Cabrio / Hatchback) (BMW E82 E88 128i 130i 135i)
 





 

Post Reply
 
Thread Tools Search this Thread
      08-07-2011, 08:44 AM   #1
timmerweb
Private
4
Rep
74
Posts

Drives: Red 325i prem/sport/nav/leathr
Join Date: May 2005
Location: Ottawa, Canada

iTrader: (0)

Way under my lease mileage

My 128 leave is ending in just a few months, and I think I 'll be going with a 135 this time (since the 2012 128 has been so thoroughly do-contented).

As it turns out, I'm WAY under my mileage allowance on the lease. I actually purchased extra, 27,000kms a year, since historically that had been the kind of mileage I was doing (actually been averaging slightly more than that). But then because I changed to a job that was way closer to home and various other factors, my mileage for the last 3 years had only averaged 20,000kms a year. So I may actually be as much as 20,000 under my total allowance.

Now I realize that this is part of the leasing game and a risk that I accepted going into things. But I'm just wondering if I can extract any additional favours on my new lease because of this? (i.e. better price) Is it an advantage to a dealership to accept a low-mileage lease return? I have at least 3 dealerships I can work with.


-Tim
Appreciate 0
      08-07-2011, 09:24 AM   #2
shinobi_135i
New Member
0
Rep
7
Posts

Drives: 2011 135i M sport
Join Date: Jun 2011
Location: GTA

iTrader: (0)

Sell Privately
Appreciate 0
      08-07-2011, 10:45 AM   #3
mlifxs
Diamond Geezer
mlifxs's Avatar
212
Rep
2,385
Posts

Drives: Jet Black 2007 328i Saloon
Join Date: Nov 2007
Location: Florida

iTrader: (6)

Garage List
Quote:
Originally Posted by timmerweb View Post
My 128 leave is ending in just a few months, and I think I 'll be going with a 135 this time (since the 2012 128 has been so thoroughly do-contented).

As it turns out, I'm WAY under my mileage allowance on the lease. I actually purchased extra, 27,000kms a year, since historically that had been the kind of mileage I was doing (actually been averaging slightly more than that). But then because I changed to a job that was way closer to home and various other factors, my mileage for the last 3 years had only averaged 20,000kms a year. So I may actually be as much as 20,000 under my total allowance.

Now I realize that this is part of the leasing game and a risk that I accepted going into things. But I'm just wondering if I can extract any additional favours on my new lease because of this? (i.e. better price) Is it an advantage to a dealership to accept a low-mileage lease return? I have at least 3 dealerships I can work with.


-Tim
not that I really know, but I'm thinking: you paid for extra mileage; that money has been collected and booked. They would value the residual based on the actual mileage of the car, not relative to what you already paid in as an allowance.
Appreciate 0
      08-07-2011, 11:32 AM   #4
PHR
phr
25
Rep
351
Posts

Drives: F90 M5
Join Date: Dec 2009
Location: Toronto

iTrader: (4)

dealerships would rather have you walk out with a brand new car then the old one you came in with, talk to them, be real with them, and see if they will drop some $$ off your quote, if they don't, you can easily sell it private

talk to BMW financial, and they will help get you the car for much lower than the listed price on your lease agreement.
Appreciate 0
      08-07-2011, 11:51 AM   #5
timmerweb
Private
4
Rep
74
Posts

Drives: Red 325i prem/sport/nav/leathr
Join Date: May 2005
Location: Ottawa, Canada

iTrader: (0)

Quote:
Originally Posted by PHR View Post
dealerships would rather have you walk out with a brand new car then the old one you came in with, talk to them, be real with them, and see if they will drop some $$ off your quote, if they don't, you can easily sell it private

talk to BMW financial, and they will help get you the car for much lower than the listed price on your lease agreement.
Lower than the buyback price on my lease agreement? I was assuming that price was set in stone, but you're saying its actually negotiable. Do you have any experience with this that you can share?


-Tim
Appreciate 0
      08-07-2011, 12:02 PM   #6
PHR
phr
25
Rep
351
Posts

Drives: F90 M5
Join Date: Dec 2009
Location: Toronto

iTrader: (4)

well my uncle bought his car after his lease return, and he talked to his financial department, (was a lexus btw) and they give it to him for about 2gz less than the listed price on his agreement.

However, about a few months back, when i was having some trouble with my car, BMW told me if i wanted to get out of my lease, i could talk to BMW financial, and they would work something out. But i know, they will definitly work out a deal with you, a sales guy at BMW once told me, they will do anything to keep a used car coming back.

nonetheless, it does not hurt to try =)
Appreciate 0
      08-07-2011, 02:31 PM   #7
NorthernDancer
Colonel
843
Rep
2,266
Posts

Drives: 08 Sedona 128 & 06 330xiT 6MT
Join Date: Apr 2011
Location: Ottawa On Canada

iTrader: (3)

Options

1. Sell privately especially if its manual trans & more so if sport pkg.
2. Talk to the 3 dealers individually & work one against the other; the lease return value may be fixed in stone but definitely not the price of the new 135. I think a low mileage 3 year old 1 series would be a valuable asset for a dealer.
Appreciate 0
      08-08-2011, 07:37 AM   #8
Bahuba
Private First Class
Bahuba's Avatar
20
Rep
179
Posts

Drives: MR 2014 M235i
Join Date: Nov 2008
Location: Ottawa, Canada

iTrader: (0)

I will be in the same boat in Feb. My 135 has only 27Km and I'll be about 20k under plan when its due. My plan is to buy it out and to sell privately at a later date (should I decide to get a 1M if they are still avail). Keep in mind Ottawa is a small market and selling a high priced used car can be time consuming. Before you decide to sell privately do your homework and check if the price is worth the hassle. I went thru this before with my G35. It took 4 months to sell but I got my price in the end.
Appreciate 0
      08-12-2011, 01:43 PM   #9
Yvette
Major General
Canada
759
Rep
7,408
Posts

Drives: M
Join Date: Sep 2006
Location: Vancouver

iTrader: (19)

try and see if the dealershop can buyout your car instead returning the car.
Appreciate 0
      08-13-2011, 09:33 PM   #10
timmerweb
Private
4
Rep
74
Posts

Drives: Red 325i prem/sport/nav/leathr
Join Date: May 2005
Location: Ottawa, Canada

iTrader: (0)

Quote:
Originally Posted by e90sexion View Post
try and see if the dealershop can buyout your car instead returning the car.
What do you mean by that? What would be the advantage to the dealership of this?

One thing I've noticed is that the black book value ($19k-$21k) is well below my residual ($25k).


-Tim
Appreciate 0
      08-14-2011, 08:50 PM   #11
NorthernDancer
Colonel
843
Rep
2,266
Posts

Drives: 08 Sedona 128 & 06 330xiT 6MT
Join Date: Apr 2011
Location: Ottawa On Canada

iTrader: (3)

Tim, tell me

what has BMW de-contented from the 2012 128? As I see it the sun roof may now be optional [no loss for me; don't use one much and they're $5K to fix if they break] but heated seats, and Xenon are standard.
Appreciate 0
      08-15-2011, 09:02 PM   #12
timmerweb
Private
4
Rep
74
Posts

Drives: Red 325i prem/sport/nav/leathr
Join Date: May 2005
Location: Ottawa, Canada

iTrader: (0)

Quote:
Originally Posted by NoirthernDancer View Post
what has BMW de-contented from the 2012 128? As I see it the sun roof may now be optional [no loss for me; don't use one much and they're $5K to fix if they break] but heated seats, and Xenon are standard.
No navigation package, no comfort access, to 18 inch wheels. I have all of these on my 2008 128i.

BMW's packaging is frustrating me quite a bit. For example, you can't get sports seats and the heated steering wheel in combination. This is why I'm considering either buying out my lease, or getting a 328 coupe instead.


-Tim
Appreciate 0
      08-16-2011, 08:03 PM   #13
NorthernDancer
Colonel
843
Rep
2,266
Posts

Drives: 08 Sedona 128 & 06 330xiT 6MT
Join Date: Apr 2011
Location: Ottawa On Canada

iTrader: (3)

Tim

OK, now I understand. Either way [keep 128 or buy 328] you'll be a winner. And by the way, 1 or 2 days ago, I saw 3 1 series on Innes Road near 10th Line, a white, maybe a green then a light blue vert.
Appreciate 0
      08-16-2011, 08:24 PM   #14
Raudy
Enlisted Member
8
Rep
40
Posts

Drives: 135cv/JB/CR/m-sport/JB4/prem
Join Date: Sep 2010
Location: ct

iTrader: (0)

not even going to try the conversion...

So I had a 07 335xi and I purchased a 3 year 60K mile lease. They told me when I leased it that anything over the typical 45K mile lease is actually cool because if you do not use all o the miles they will refund after the lease is up. So when I traded in my car with @1000 miles left that gave me that X the normal mileage rate ($0.15/mile i think) after a few weeks by check I got like $150 back. I would just ask the sales advisor you are dealing with. good luck.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:46 PM.




1addicts
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST