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|5-Series (E12,E28, E34, E39, E60) Chat relating to the BMW 5-Series of all generations. Specific models include: BMW 518, BMW 520, BMW 520i, BMW 530i, BMW 528i, BMW 530i, BMW 518i, BMW 524d, BMW 525i, BMW 525e, BMW 528e, BMW 540i, BMW 535i, BMW 520d, BMW 525td, BMW 525d, BMW 530d, BMW 525i/xi, BMW 530i/xi. (BMW 5-Series Forum)|
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| Originally posted by glaucman@Dec 16 2004, 06:29 AM |
2002 540iA Sport/43500 miles/3yr-45000mile lease ends 24 December 2004.
I would like to purchase this car and need advice on the best method.
(a)pay the residual, $32,000+tax, and only maintain the remaining BMW warranty of 4yr/48000mi.
(b)pay the residual and purchase a warranty for a 3rd party vendor like WarrantyDirect.
©turn in the car to the dealer, have it become a Certified Preowned BMW and then by it back. I am told I would pay for whatever the necesary repairs would be and I would have the BMW backed CPO warranty which is 3yr/100,000mi.
Thanks in advance.
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| Originally posted by glaucman@Dec 22 2004, 02:19 PM |
Well here was my deal on the aforementioned 2002 540iA.* I assumed ownership yesterday.
The dealer inspected the vehicle and found no issues or concerns.* He then stated I could purchase the car for the residual + $350 diposition fee + $1300.00 CPO fee.* I countered with the residual fee - $1300 CPO and reminded him that the disposition fee at the end of the lease was for the cost of reselling the vehicle which was not an issue since I was a ready buyer.* He took it and I got the car for $1300 less than the residual fee.* This amount is well below the current Kelly BB value and I have the CPO warranty.* I feel this was a win-win deal and am comfortable with it.
Thanks for the advise from all.
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