Can You Negotiate a Lease Buyout?

If you’re thinking about buying your lease, you may be searching for the answer to the question, “Can you negotiate a lease buyout?” In short, yes. Most BMW lease agreements include an estimated BMW lease buyout price in the contract, but in most cases, it’s possible to negotiate a better deal. Learn more with our finance team at Rusnak BMW today!

How to Negotiate a Lease Buyout

When the time comes to determine if you want to buy or lease another your next vehicle, you’ll want to consider the following before and during the end of your BMW lease negotiation:

1. Do your research ahead of time – Leasing contracts often include an estimate of the vehicle’s value at the end of the contract. If your research reveals that the market price of the vehicle is significantly lower than the estimated value, you’ll have the leverage to negotiate a better price.
2. Contact your financer in advance – Your dealer might not be the sole determiner of the BMW lease buyout price, especially if you’ve secured financing through someone other than the dealer. You’ll want to negotiate directly with the financer to see if they’ll accept a lower total cost for the vehicle.
3. Make an offer – After your research and setting your finances in order, visit the dealer with a lease buyout offer. If you’ve done your work and can show that the estimate in the contract is inaccurate, dealers will generally offer you a price closer to what you’ve requested.

For more information, check out our car-buying tips and tricks at Rusnak BMW.

How to Choose the Right BMW Lease Buyout

Since some contracts allow an early lease buyout before the BMW lease ends, it’s good to know the key differences between the two:

• The price of a lease-end buyout is usually set in the contract at the start of your lease. It’s based on the residual value at the end of the leasing term. In some cases, you can start the end-of-lease negotiation for a better price.
• An early lease buyout is great for drivers hoping to avoid mileage and service penalties. Pricing for this is determined by the amount you still owe on the lease and the vehicle’s estimated remaining value at the end of the term.

Learn More About Your BMW Lease Options!

Once you understand how to negotiate a car lease buyout, we’re sure you’ll be ready to start your next Malibu adventure in a model you love. If you have any questions about the content above, our BMW X4 lease specials, BMW X6 lease specials, or lease returns, don’t hesitate to contact us!