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Originally Posted by pglover19
Hello,
I need your help in determining what to do with this lease deal that is maturing in 4 months. This is a 39 month lease on a 2005 X5 3.0i that currently have 12,200 miles. The lease end date is 11/15/2008. The vehicle is in pristine condition. The residual value is $29,627.00. The vehicle is black sapphire metallic, beige leather, cold weather package, premium package, rear climate package, automatic transmission, heated steering wheel, and BMW rain/wind reflectors. The vehicle was involved in an accident and repaired by an authorized BMW repair shop. The amount of damage to the rear of the vehicle totaled around $1,400.
Do I keep the vehicle, sell it, or return it to BMW? This is an excellent vehicle.
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YOu can do better.. but its up to you. 29K isn't horrible, but these ars are going for 24 to 26K all dat around the dallas and houston areas with low miles and still under warranty.
I just purchased a 2005 4.4 for less than that.
I don;t know how much your lease payments were, but I'm positive if you add them to the residual price of your car, you still have time to do better on another buy but not that one.