Quote:
Originally Posted by cmirandabu
Interesting point for sure..Here is another situation..What if by the end of the lease the car is worth more than the buyout amount? Given that you put down reasonable amount of money down for a lease and your mileage is still low. Couldn't you just buy it out, sell it privately for more $$ ??
I bet you can sell a 5-6 year old M2 no problem.
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Exactly my thought. Based on the MSRP for my configuration, the car is only going to be worth about $32,700 (does not include taxes) after 3 years. Pretty sure I could buy out the car, and sell for more than that amount. Hence, I would have been paying less than financing for 3 years and I could get back some of my money for selling the car for more than the buyout amount.
Is the buyout amount purely based on the residual or is it different?