Third-party buyouts may seem like the easiest and most stress-free method for you to get out of your BMW lease. But when you want to save more money or even earn more money from your leased car, can their offer you that? Are they better than dealerships?
I certainly don’t think so.
Like most car lenders, BMW financial services restrict third-party lease buyouts. So if you got your BMW lease financed by BMW financial or any of these auto lenders that restrict lease buyout by a third party, you might want to reconsider going to Carvana, CarMax or Vroom to sell your lease.
Trading in your financed car with VIP is quite easy. It involves a few simple steps;
If you want to save hundreds to thousands of good cash when you trade in your leased BMW with us, the first step will be to find the residual value of your car. Before getting in touch with any dealership, including VIP, you need to find out the residue value of your car. The result, which will be an estimated value, will give you a clue of what to expect.
When you bring your car to the dealership, we will carefully carry out an appraisal on your car and determine the final value of your car.
The next step will be to find out the buyout or trade-in value of the vehicle. The buyout price is always listed on your monthly statement. You can also contact your dealership or leasing company and enquire about your car’s trade-in value.
To find the equity on your car, you subtract the current market value from the trade-in value. The result is your equity.
The price of used cars is so high now, so there’s every chance you’d have positive equity on your car. With the money remaining, you can pay off your loan and even make a down payment for another car—if you want a replacement. If you don’t want a replacement, you can walk away with more money in your pocket.
However, if you have negative equity and don’t have the money to pay off the buyout value, VIP can help you negotiate with your auto lender or bank. We can rollover the balance to your new BMW lease.
The main advantage of trading in your BMW lease with dealerships like VIP is that it allows you room to negotiate a fair bargain—unlike third parties like Carvana, CarMax, or Vroom. Whether you want to lease a new car from the dealership or walk away with your check, VIP dealership offers a smooth and effortless transaction process. We can also take care of all the necessary paperwork and talk with your bank or credit union, making the whole process money and time-saving.
Want to save more when you trade-in your car today? Reach out to us at 1204 Hylan Blvd, Staten Island, NY 10305 https://viplease.com/.