Quote:
Originally Posted by Kief
It's referred to as a "collateral exchange." I had this experience with our X3 several years ago. An additional benefit in this situation b/c you are leasing, is that when your lease expires, you will actually have equity in the 2012 X b/c the residual was based on the 2011 X. As you a result, you can sell the 2012 and make a profit. We did this with our X3  |
Interesting! I had not thought of that aspect of the exchange...
So if I understand correctly, the residual value on my lease in Novemeber of 2010 for a 2011 X5 will now apply to my new 2012 with 6K less miles as of now? I am guessing I have to purchase it at lease termination for the residual value and then resell it or keep it.
Thanks for the clarification,
X
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PCD 12/3/10: 2011 X5 50i/Alpine White/Cinnamon/Bamboo: M Sport, Tech 20" 333, Cold Weather, Premium, Prem Sound, Rear Climate, rear heated seats, HUD, CA,
Wifey's ride: 2011 X5 35i SA Vermillion Red/Tobacco/Walnut Tech 20" 214, Cold, Prem Sound, rear climate, CA
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