Latest Industry News
March 18, 2022
Posted by Chloe Taylor

Trade-In Your BMW With VIP Auto Lease Over Carvana & Save Big

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;

Find The Residual Value Of Your Car

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.

Check The Buyout Price

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.

Find The Equity

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.

VIP Dealership Over Third Party

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

VIP Auto Lease
The Best Lease Deals in NY, NJ, & CT, Guaranteed.

* Lease prices may reflect conquest, rebates, one pay or loyalty incentives.
   Please inquire for more information. VIP Auto Group is not franchised dealer.
* Zero down leases are subject to state taxes, bank fees, title fees, first month   
  payments and registration fees.
View Deals now
VIP Auto Lease is a full service car leasing company that puts the power of buying a new car in the customer’s hands. Since opening our doors in 2007, we’ve made sure that our promise stays true: no pushy salespeople, no haggling, and a guarantee that to our dear customers that we will provide the lowest possible price with industry class service. We offer nationwide delivery and 100% virtual or in-person ordering (your choice). We are frequented by residents of the greater Tri-State (NY, NJ & CT) area as well as Nassau & Suffolk county Long Island. We service all of New York City including Brooklyn, Queens, Bronx, Manhattan & Staten Island, NY. So Wherever and whoever you are, feel free to take advantage of our guaranteed best prices on ANY make & model now.

Review From Ashley Smith: This was my first experience using a leasing company. In the past, I leased my cars directly through the dealership and always felt that I didn’t receive a fair price. I had such a pleasant experience with VIP Auto Lease from the first time I called to when my car was delivered. Michael Jeffries was a pleasure to work with. He was very responsive and able to get me a great deal. He made the leasing process smooth and easy. I was so impressed there were no hidden fees and that the car was delivered right to my house! I will definitely use VIP Auto Lease again in the future! Thank you again!

Aggragate Rating 4.9/5 Out Of 899 Reviews

Read & Rate Us Now By Clicking Here

© 2021- All Rights Reserved, VIP Auto Lease and brands are the property of their respective owners.
Mon - Fri / 10:00AM - 7:00PM
Saturday / 10:00AM - 4:00PM
Sunday / Closed
1204 Hylan Blvd,
Staten Island, NY 10305
Quick links
© 2021- All Rights Reserved, VIP Auto Lease and brands are the property of their respective owners.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram