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12-07-2021, 10:21 AM | #23 | |
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12-07-2021, 10:27 AM | #24 |
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12-07-2021, 11:09 AM | #25 |
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The problem is you have a ZHP. I also had a 2018 340i ZHP and could not make money off of it. No one knows what the car is. Yes, they only made 100 of them, but you can't book the car on KBB and since BMW did a terrible job marketing the car, people just look at it as a regular 340i M-Sport, which is far less than the $62K ZHP.
I was lucky as I transferred my lease to someone on this site. |
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12-07-2021, 11:39 AM | #26 | |
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12-07-2021, 12:03 PM | #27 | ||
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12-07-2021, 12:58 PM | #28 |
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Yes, the ZHP is listed on the window sticker. I believe it was $6995 and included various carbon bits (mirror caps, rear spoiler, exhaust tips), black grilles, MPPSK, M-rear differential. $62k was on the higher end for a 340i back in 2018, where now that is a moderately optioned m340. I have a feeling that being RWD/6MT is hurting the value of the car since the majority of drivers don't care about driving and prefer AT/xDrive?
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2022 G20 M340i PB/Oyster Last- 2018 F30 340i 6MT ZHP AW/CRed |
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12-07-2021, 01:49 PM | #29 |
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I was in the same boat with the same car (ZHP and all), but I had no interest in turning it in or letting it go, so I bought it out after my last lease payment. To me, it just shows how much BMW subsidizes their leases with over inflated residuals typically. In the past, it never really made sense to buy out your lease without an extra discount, because the residual/buyout was typically higher than the market value. Now its about equal with the value of used cars.
So in the end, i didn't feel like i got a smoking deal by buying out my lease, but I also didnt feel like I was overpaying. |
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12-07-2021, 02:00 PM | #30 | |
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12-07-2021, 02:29 PM | #31 | |
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12-07-2021, 02:50 PM | #32 | ||
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Also, if I "only" had $40k I would definitely not be paying cash for a $40k car. I'd finance a $20k car for pennys on the dollar and use the $40k to build wealth.
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12-07-2021, 04:20 PM | #33 | |
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12-07-2021, 04:43 PM | #34 | ||
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12-07-2021, 04:58 PM | #35 | |
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I just looked online and for some reason, my payoff has gone up somehow? I am on my 3rd month extension on the lease, but shouldn't the amount be going down? It was around $37k, now it shows $38,121. I've thought about buying the car out, but I don't want to go in $5k underwater on a 3-year-old car. To bad because it's actually been a great car.
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12-07-2021, 05:05 PM | #36 |
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Yes it is possible. I foolishly sold my AMG leased SUV to Vroom last summer with 8 months left on a 36 month lease. Vroom's offer covered the payoff + pocketed me $2k. At the time we were a few months into Rona and I was barely using it but now want to purchase the same vehicle used and it's easily $8k-$10k higher (retail) vs what I got from Vroom.
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