[rmorin1249]

Does BMWNA offer early lease terminations to spur new leases? Also, is there any credit given to low mileage? Because of the pandemic my mileage is going to be WAY under my 10K annual limit.

[TK421BMW]

I'm going to be in the same boat. I'll probably have 20k miles on my 30k mile lease. I'm going to see what resale value will be, I might be better off buying it out at the end of the lease and reselling it since purchase price is fixed and assumes higher mileage. Would be funny if the trade in value were higher, and could buy and out then trade in towards new lease. Lol.. But probably not.

[phillydilles]

Originally Posted by rmorin1249

Does BMWNA offer early lease terminations to spur new leases? Also, is there any credit given to low mileage? Because of the pandemic my mileage is going to be WAY under my 10K annual limit.

Unfortunately there's no true manufacturer's pull ahead programs from BMWNA at this time - if a dealer is offering such an incentive, be sure that they're not simply rolling the remaining payments into your new lease or taking it out of the rebates.

Your best bet if you have 6+ months left is to swap out of it, especially given the demand right now, else I'd say to sit it out till you're ready to shop.

Sadly the imaginary residuals on these aren't very conducive to Vroom or Carvana'ing them.

[Auricom]

Originally Posted by rmorin1249

Does BMWNA offer early lease terminations to spur new leases? Also, is there any credit given to low mileage? Because of the pandemic my mileage is going to be WAY under my 10K annual limit.

BMWFS offered early lease termination in the past, usually 30 to 60 or 90 depending on the model, via lease "pull-head" programs. I recall the last pull-ahead program was back in 2017 where I took advantage of 60 days on a F34 GT to F15.

I'm not aware of any official current programs.


BMWFS does offer unused lease mileage credit, though it's very mediocre compared to other automakers - Acura offers up to 15,000 unused lease miles can be rolled over to your next Acura Luxury Lease:

Unused Mileage Credit
BMWFS will offer a mileage credit in certain circumstances if you are under your contractual mileage. The credit should be added to your FS account upon leasing a new vehicle.

Percent of Contractual Miles not Utilized
10%-14.9%
15%-24.9%
25%-100%

Credit Offered for Unused Mileage
$200
$250
$300

Example: If you have a 2 year/20k lease, and you used 18k miles, you would receive a $200 credit.

Should you ground the car early, this lease credit would not apply.

NOTE: There have been reports of individuals having to reach out to BMWFS to apply the credit. Please keep your eyes on your account to ensure the credit was issued, should you be eligible.

[x5legend24]

Originally Posted by TK421BMW

I'm going to be in the same boat. I'll probably have 20k miles on my 30k mile lease. I'm going to see what resale value will be, I might be better off buying it out at the end of the lease and reselling it since purchase price is fixed and assumes higher mileage. Would be funny if the trade in value were higher, and could buy and out then trade in towards new lease. Lol.. But probably not.

Don't forget about taxes and registration when you buy. I was going to do the same on my last lease with a car that held its value well but taxes and registration put it over the top in addition to all the paper work that needs to be done

[spyfish007]

I don't expect BMW or any manufacturer to pay for unused mileage. It would be nice but not expected. Part of a lease agreement is risk assignment. As the person taking use of the asset, we have no worries about future value. BMW takes the full risk here for better or worse.

Anyway I too am in the same boat. Win some and lose some.

[Aaaaaaaaa]

Lol @ the $300 credit for having 100% unused miles.

[rmorin1249]

At the rate we are driving the X5 we will probably have about 15k miles at 3 years. The lease allows 30k. Haven't checked the residual value but I doubt it would make sense to buy it.