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Anyone Ever Off-Lease Purchase Their E38? More... (archive)

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Posted by Force98 on June 28, 2001 at 17:31:07:

Our '99 740iL will come off lease in eight months, and my wife really wants to buy it. It only has 15,200 miles on it, has been mostly trouble-free, and looks better than the day we bought it. The E65 is probably a blessing in disguise as the dropping values of the E38 should allow me an excellent bargaining chip with BMW Financial Services, especially since the car comes off lease when the E65 is due in showrooms. I'm sure I could buy the car for a lot less than the residual value as listed in my lease contract, knowing what the cars are going for at auction. My dealer says they can purchase the vehicle from BMWFS, then sell it back to me as a CPO for less than the contract residual value. I think I'll try and deal with BMWFS first, then the dealer if that doesn't work out.

Comments? Suggestions?

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