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Originally Posted by emm2x
Thanks mrkbbd.
My payment monthly has been roughly around $670. And i believe the residual value (what i saw on paper) is around $38k. I drove X like a baby and without exaggerating.......the condition is flawless - from exterior to interior. Garage kept and detailed every other week. Its an 05 4.4i.
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Agree with the comments about finding out what they are going for at auction, or go in and see what they will give you on a trade to get some idea. Typically, residuals are below anticipated retail when the lease is up, this one sounds like it is at or above retail - depends on options, milage, etc. Sounds like if you turn it in, they are upside down.
I bought my E34 before the end of my lease and got it below residual from BMW. Retail was some $5-8k above the residual, so they could have made some $$'s, but not much. IMHO think you have a good negotiating position and would go for it.
