Lease Q: Refund on unused miles?

Leonardo629 · 04-21-2007, 05:24 PM

I'm currently leasing an '06 330i, 15000mi/yr for two years, question is...is it possible to get a refund and switch the term to say...12000mi/year?

Carnage · 04-21-2007, 05:29 PM

Quote:

Originally Posted by Leonardo629

I'm currently leasing an '06 330i, 15000mi/yr for two years, question is...is it possible to get a refund and switch the term to say...12000mi/year?

Doubtful. Would require a new lease contract.

F32Fleet · 04-21-2007, 05:35 PM

No...You'd have to prepay your lease in full, and/or pay for add'l miles up front.

Ryan 330i · 04-21-2007, 05:48 PM

nope. you get charged if you go over, but dont get a refund for unused.

findtom · 04-21-2007, 05:52 PM

I don't know if you can do this in the states... but I know a guy who always leases bimmers and uses very little mileage. He lists the car for sale for more than the residual and when he finds a buyer he brings them to the dealer on the return date and they apply the difference above the residual towards his new car.

AndrewAZ · 04-21-2007, 06:40 PM

Quote:

Originally Posted by findtom

I don't know if you can do this in the states... but I know a guy who always leases bimmers and uses very little mileage. He lists the car for sale for more than the residual and when he finds a buyer he brings them to the dealer on the return date and they apply the difference above the residual towards his new car.

You can do that here in the states also..

bmrfam · 04-21-2007, 09:23 PM

If you use just a small amount of the miles, you can get up to $400 credit towards any other negative adjustments when you turn the car in. For me, my rear tires are shot but I am 23,0000 miles under at my term. So BMW says I will most likely qualify for the max of $400 credit which will offset my bad tires.

I have heard on a board that someone got a check for the delta, but that is not what BMW NA told me directly. Just a credit up to $400 to be used only on lease turn in negative adjustments for damage et al.

darkcloud · 04-21-2007, 09:36 PM

usually if you use the same dealer and get a new car from them at lease turn in, the dealer looks the other way if you're over on milage or have normal wear issues. Obviously if you come in WAY over miles then you might have a problem but a couple thousand is usually ok.

theroyalwe · 04-21-2007, 10:38 PM

ok here's the deal... when you get your lease you get it for x amount of miles. if you get 10k and find you are using more then you can buy more miles (I think 6 months in, but you may need to be a year in). at that point you buy them at a reduced rate (.15/mi). those additional miles are refundable should you not use them.

04-21-2007, 05:24 PM	#1
Leonardo629 Lieutenant Colonel 170 Rep 1,792 Posts Drives: 2013 M3 Coupe Join Date: Sep 2006 Location: Taiwan iTrader: (10)	Lease Q: Refund on unused miles? I'm currently leasing an '06 330i, 15000mi/yr for two years, question is...is it possible to get a refund and switch the term to say...12000mi/year?
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04-21-2007, 05:35 PM	#3
F32Fleet Lieutenant General 3910 Rep 10,609 Posts Drives: 2015 435i Join Date: May 2005 Location: Southeastern US iTrader: (0)	No...You'd have to prepay your lease in full, and/or pay for add'l miles up front.
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04-21-2007, 05:48 PM	#4
Ryan 330i Major 57 Rep 1,181 Posts Drives: '09 E93 335i Join Date: Jun 2006 Location: San Francisco \| LA \| Oregon iTrader: (0)	nope. you get charged if you go over, but dont get a refund for unused. __________________ 2009 E93 335i \| Jet \| Black Dakota \| Grey Poplar \| ZPP \| ZSP \| ZCW \| Step \| Paddles \| i-Drive \| CA \| Sirius \| HD \| Logic7 \| 06FL \| 06NF \| PDC \| OEM Alarm \| LUX Retired: 2007 E92 335i Retired: 2006 E90 330i
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04-21-2007, 05:52 PM	#5
findtom Colonel 132 Rep 2,658 Posts Drives: E60 545i Join Date: Oct 2005 Location: Toronto, Canada iTrader: (0) Garage List 2005 545i [0.00]	I don't know if you can do this in the states... but I know a guy who always leases bimmers and uses very little mileage. He lists the car for sale for more than the residual and when he finds a buyer he brings them to the dealer on the return date and they apply the difference above the residual towards his new car. __________________ http://www.eyesonwalls.com 1991 Suzuki Sidekick -> 1996 Nissan Altima -> 1997 Volvo S70 -> 2006 BMW 325i -> 2005 BMW 545i -> 2008 Mercedes ML550 -> 2013 Porsche Cayenne Diesel
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04-21-2007, 09:23 PM	#7
bmrfam Private 2 Rep 77 Posts Drives: 335is vert & X5 50 Join Date: Feb 2007 Location: Laguna iTrader: (0)	If you use just a small amount of the miles, you can get up to $400 credit towards any other negative adjustments when you turn the car in. For me, my rear tires are shot but I am 23,0000 miles under at my term. So BMW says I will most likely qualify for the max of $400 credit which will offset my bad tires. I have heard on a board that someone got a check for the delta, but that is not what BMW NA told me directly. Just a credit up to $400 to be used only on lease turn in negative adjustments for damage et al.
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04-21-2007, 09:36 PM	#8
darkcloud Colonel 355 Rep 2,385 Posts Drives: 09 VW JSW Join Date: Aug 2006 Location: cleveland, oh iTrader: (2) Garage List 2006 325i [0.00]	usually if you use the same dealer and get a new car from them at lease turn in, the dealer looks the other way if you're over on milage or have normal wear issues. Obviously if you come in WAY over miles then you might have a problem but a couple thousand is usually ok. __________________ retired 06 E90 325i New: 09 VW Platinum Grey Jetta Sportwagen 2.0T SEL w/DSG, panoramic sunroof and Ipod adapter
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04-21-2007, 10:38 PM	#9
theroyalwe BMW CA 5 Rep 304 Posts Drives: MINI, all BMW's Join Date: Feb 2007 Location: SE PA iTrader: (0)	ok here's the deal... when you get your lease you get it for x amount of miles. if you get 10k and find you are using more then you can buy more miles (I think 6 months in, but you may need to be a year in). at that point you buy them at a reduced rate (.15/mi). those additional miles are refundable should you not use them. __________________
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