quick question on buying out my 04 x5 lease
 

ok so i have an 04 x5 that my parents i guess handed down to me. its a lease. we got it brand new fully loaded as far as i can tell. were paying 700 a month and im not sure how much down and its a 3 year lease thats up in august. I got some questions. how much do you guys think thye car will be worth at that time?..l. how much should i expect to pay monthly? should i buy it out? or should i release it? thx for your help imr eally confused.

Go to KBB.com and get a value on the car, that is near how much it will be worth to buy it out if you let the dealer take it back and then attempt to buy it off the dealer. If you buy it from the dealer prior to giving it back then you would have to look at what MSRP was new, what you've paid over the life of the lease, and guesstimate. I don't believe you can 'release' a ride without turning it fully over to the dealer. As for "should you buy it", well that is up to you. Is it worth the money to you and how many miles are on it.

1)The lease has a residual amount that included with lease documents or call BMW to find out.

2) Compare market value vs residual amount

3) You might be better off leasing a new car but they are not offering lease deals on the New X5, take a look a 3 series.