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Originally Posted by 335xray
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,
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I must have missed this post as out here in PA we are dealing with crazy flooding rains...
Yes, the residual stays the same. The only thing that changes is the VIN and you will sign some additional paperwork. And yes, you now have 6k "free" miles since you can still turn in the 2012 with 36k miles (if that was your original lease term).
With regards to selling the 2012 when your lease matures, PM me and I can tell you how it worked for me.
Quote:
Originally Posted by 335xray
Final update:
They finally "fixed" our X5 by replacing the refluctor ring sensor which is a sensor on the fly wheel and I am now driving the "lemoned" truck till the enw truck arrives as it is much roomier and has more ammenities than the stipped 328 loaner we have had. My wife wants no part of the truck so she is driving mine and I get hers, but that is fine by me.
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I'm surprised they "fixed" the 2011 and still providing a collateral exchange. Plus you are allowed to drive it in the interim!