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08-07-2011, 08:44 AM | #1 |
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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 |
08-07-2011, 10:45 AM | #3 | |
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Drives: Jet Black 2007 328i Saloon
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08-07-2011, 11:32 AM | #4 |
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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. |
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08-07-2011, 11:51 AM | #5 | |
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-Tim |
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08-07-2011, 12:02 PM | #6 |
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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 =) |
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08-07-2011, 02:31 PM | #7 |
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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. |
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08-08-2011, 07:37 AM | #8 |
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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.
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08-13-2011, 09:33 PM | #10 |
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08-14-2011, 08:50 PM | #11 |
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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.
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08-15-2011, 09:02 PM | #12 | |
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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 |
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08-16-2011, 08:03 PM | #13 |
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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.
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08-16-2011, 08:24 PM | #14 |
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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.
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