[Namelss]

I guess I'm part of the first wave. My '22 M5C is my first BMW and my first German car since my '86 mkII GTI.

I set out to purchase a CT5 Blackwing but my local dealer had other ideas so I bought the M instead. Love it.

[LASpartan]

Selling my 2021 M5 (Snapper Rocks Blue) between now and December (when my lease ends) to get into an Audi e-tron GT. I love and adore my car, but I am ready to save money (having a kid has changed my finances considerably) and go electric. However, in the back of my mind I do plan to buy another F90 again down the road when I can

[ResIpsaLoquitur]

Originally Posted by fun2drv

First wave here (2019 Competition), and now entering the second wave with one of the last 2023’s that I picked up 3 weeks ago. This is my 7th BMW and 5th ///M car. The 2023 is a carbon copy of the 2019. I have never bought the same car, BUT I truly love the F90 platform. Looking forward to many more years of big smiles!!!

Congratulations once again!

Went essentially down the same path with carbon copies, but ‘19 and ‘22 for me as shown above. Even with other cars I loved, DD and otherwise, and a lot of cars owned, I had never done that. Wouldn’t have believed it if someone had told that would be the case just a few years prior.

Says a lot about this car if you ask me.

[ResIpsaLoquitur]

Originally Posted by Ex_Stig

Sold my M5 CS a few weeks ago. Currently very comfortable in my '24 X7 M60i while I hope/wait for the G99 M5 Touring.

I wasn't the first wave for this model M5, but I was one of the first with the M5 CS.

I'll always be lurking in this forum though.

Nice to see you here again.

[PDOT]

Originally Posted by LASpartan

Selling my 2021 M5 (Snapper Rocks Blue) between now and December (when my lease ends) to get into an Audi e-tron GT. I love and adore my car, but I am ready to save money (having a kid has changed my finances considerably) and go electric. However, in the back of my mind I do plan to buy another F90 again down the road when I can

How are you going about selling your lease?

[LASpartan]

Originally Posted by PDOT

How are you going about selling your lease?

I’m not selling the lease, just purchasing the car at lease end and then selling it. The buy out is $67k so I think I have some room.

[AHall]

When I read the title of first wave, I was thinking first owner. As leases end or people sale their cars and others pick them up as second owners it will be interesting to see how the subjects and discussions change. Not good or bad just different. I plan to hold my M5 long term so I will be around for the long haul.

[JOHNBMWM5]

I am first second third fourth and now fifth Wave loved them all, and this one is staying...............

[sb335xi]

2nd wave M5c, coming from a first wave F30

[ResIpsaLoquitur]

Originally Posted by sb335xi

2nd wave M5c, coming from a first wave F30

Photos or it didn’t happen.

Kidding of course, but, seriously — photos.

[micvite]

Originally Posted by PDOT

How are you going about selling your lease?

You sell the right to buy the lease. So say the cars buyout is 60k and you think you can get 70k for it, before lease ends you post it up for 70k if someone buys it you transfer them the right to buy the lease for 10k then they go and figure out how to pay for the other 60k or in turn sell it themselves

[micvite]

Originally Posted by LASpartan

I’m not selling the lease, just purchasing the car at lease end and then selling it. The buy out is $67k so I think I have some room.

Depending on mileage and stuff you might have a bit of wiggle room, but the taxes are gonna eat into that as well. Realistically the market is somewhere in the low to mid 70s for these cars rn from what I'm seeing, maybe high 70s for super low mileage ones. Might not be worth buying it out and instead just trying to sell the lease even if you don't get full price (since you don't have to pay taxes on the car)

[LASpartan]

Originally Posted by micvite

You sell the right to buy the lease. So say the cars buyout is 60k and you think you can get 70k for it, before lease ends you post it up for 70k if someone buys it you transfer them the right to buy the lease for 10k then they go and figure out how to pay for the other 60k or in turn sell it themselves

Doesn't BMW restrict lease transfers once there are 6 months remaining on the lease? My goal is just to payoff the down payment on the next car with the proceeds from the M5. My best bet is to go iX or i5, but I will likely go Audi.

[PDOT]

Originally Posted by micvite

You sell the right to buy the lease. So say the cars buyout is 60k and you think you can get 70k for it, before lease ends you post it up for 70k if someone buys it you transfer them the right to buy the lease for 10k then they go and figure out how to pay for the other 60k or in turn sell it themselves

How would I do that at a dealership if I wanted to trade it in?

[cdubbzz]

I guess I'm 2nd wave? I raced an M5C in my Stage III S7 on race gas and we were neck and neck. As they say, if you can't beat 'em join 'em, so I picked up a CPO LCI M5 last month. Love the car!

[micvite]

Originally Posted by LASpartan

Doesn't BMW restrict lease transfers once there are 6 months remaining on the lease? My goal is just to payoff the down payment on the next car with the proceeds from the M5. My best bet is to go iX or i5, but I will likely go Audi.

You're not transferring the lease itself. You're selling the right to buy the car at the END of the lease. It's essentially like title skipping but legal lol.... it's how you're able to trade in the car at any dealership instead of just a bmw one (or at least you could before i think they tried to or did change things during covid) think of it like nfts, you're selling hopes and dreams instead of the actual car and you get paid for it😂

[micvite]

Originally Posted by PDOT

How would I do that at a dealership if I wanted to trade it in?

You just go to dealership negotiate what the trade is worth (ideally after u agree on purchase price) and then give them a power of attorney to buy the car from bmw at whatever your buy out is

[jivom5]

First wave here, 2nd m5, 5th M car. Might be my last unless I get into an m3cs when my lease is up

[LASpartan]

Originally Posted by micvite

think of it like nfts, you're selling hopes and dreams instead of the actual car and you get paid for it😂

Finally I’m on the right side of that transaction.

[Ex_Stig]

Originally Posted by micvite

You're not transferring the lease itself. You're selling the right to buy the car at the END of the lease. It's essentially like title skipping but legal lol.... it's how you're able to trade in the car at any dealership instead of just a bmw one (or at least you could before i think they tried to or did change things during covid) think of it like nfts, you're selling hopes and dreams instead of the actual car and you get paid for it😂

Yeah, BMWFS closed that loophole around October of ‘22.

[micvite]

Originally Posted by Ex_Stig

Yeah, BMWFS closed that loophole around October of ‘22.

Whoops, my bad! Is it only in terms of trading to a dealer or is doing it private party also blocked off?

[Ex_Stig]

Originally Posted by micvite

Whoops, my bad! Is it only in terms of trading to a dealer or is doing it private party also blocked off?

They have made it so you can only sell to a BMW dealer or buy it out yourself.