Purchasing my off-lease X5

[FrankZ]

I am considering purchasing my own soon-to-come-off-lease 2005 X5 - but the residual value is ridiculously high considering the current market value for these vehicles (around $36k). Does anyone know if BMWFS offers any incentives (i.e., discounts from the residual value) to encourage the purchase of these vehicles? If so, how much and what is the best way to negotiate such a discount? Thanks.

[rvancil]

Usually when you turn a car in for a lease you are strictly held to the lease terms...They most likely will not deal with you on your truck, and that price sounds pretty high unless its a 4.8is fully loaded with low miles...I would just turn it in and get into something new...my fully loaded 4.8is with 30k miles just cost me $30k...It was a steal considering the bank and insurance company valued it at $53,000!!

[golfer4life]

You don't normally purchase a car at lease end when you're upside down unless you REALLY love the car and want to keep it.

Why would you buy something that costs more that what it's worth?

This is one of the benefits of leasing, you can just walk away at the end of the lease and get a brand new car.

I agree with the previous post, just get into a new one and turn in the old car.

BMWFS will waive the lease termination fee if you finance a new BMW with them. Then you can negotiate with the SA when you get the new BMW to cover the excess mileage, depending on how much miles you went over.