Question about end of lease.

lance · 06-25-2009, 03:17 PM

I have a 2007 335 2Dr and my lease is going to expire in October of this year. The bad thing is that I have 50110 miles on it and I only had 36,000 mile lease. I moved in the middle of my lease so my daily commute tripled! I am thinking about keeping the car and financing after my lease is up. Also I'm looking into purchasing an extended warranty but I called and BMW told me for a 36/36000 extended warranty it would run $2110.00 with a $100.00 detuctable. Should I wait till I refinance for the warranty and are there any tips about refinancing an end lease car?

Thanks in advance,
Lance

HappyG · 07-03-2009, 10:46 PM

I may be mistaken, but I was under the assumption that an extended warranty could not be purchased after the vehicle passes 50K. Did you disclose your current odometer when speaking with BMW?

That's a tough situation to be in...that's a hefty amount over mileage. You have options, but none are too favorable. GL.

David 12 · 07-04-2009, 11:58 AM

The most important tip is to only consider buying the car at lease end if you are getting a great deal. You probably have a high residual and from what I have read here, BMW won't start seriously negotiating until close to lease end.

With that many miles, I would lean toward walking away.

06-25-2009, 03:17 PM	#1
lance Second Lieutenant 22 Rep 269 Posts Drives: 09 335i Coupe Join Date: May 2006 Location: USA iTrader: (0)	Question about end of lease. I have a 2007 335 2Dr and my lease is going to expire in October of this year. The bad thing is that I have 50110 miles on it and I only had 36,000 mile lease. I moved in the middle of my lease so my daily commute tripled! I am thinking about keeping the car and financing after my lease is up. Also I'm looking into purchasing an extended warranty but I called and BMW told me for a 36/36000 extended warranty it would run $2110.00 with a $100.00 detuctable. Should I wait till I refinance for the warranty and are there any tips about refinancing an end lease car? Thanks in advance, Lance __________________ 09 335i Space Gray
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07-03-2009, 10:46 PM	#2
HappyG Major 47 Rep 1,007 Posts Drives: 06 BMW 330i / 6SP Join Date: May 2006 Location: CA iTrader: (13) Garage List 2006 330i [0.00]	I may be mistaken, but I was under the assumption that an extended warranty could not be purchased after the vehicle passes 50K. Did you disclose your current odometer when speaking with BMW? That's a tough situation to be in...that's a hefty amount over mileage. You have options, but none are too favorable. GL. __________________ Si vis Pacem, Para bellum. Have a nice day!
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07-04-2009, 11:58 AM	#3
David 12 Major 115 Rep 1,048 Posts Drives: 2019 BMW X5 50i BSM, M Sport Join Date: Jan 2007 Location: Omaha iTrader: (0)	The most important tip is to only consider buying the car at lease end if you are getting a great deal. You probably have a high residual and from what I have read here, BMW won't start seriously negotiating until close to lease end. With that many miles, I would lean toward walking away.
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