[LAwolverine]

At the time that I leased my car, I was commuting 60 miles a day so I went for 15k miles per year just to be safe. 9 months ago, I switched jobs and moved closer to my job where my commute now is no more than 4 miles round trip. I have about a year and a half left on my lease.

I've spoken to my service adviser and he basically told me that i was SOL, but i wanted to ask you guys if you've been in a similar situation and if you had any solutions. I know I can swap my lease (which is something I've been considering), however I'm more interested in whether or not BMW will offer any incentives if I turn in my car with with my mileage well below what I'm paying for.

[aas5]

Originally Posted by LAwolverine

At the time that I leased my car, I was commuting 60 miles a day so I went for 15k miles per year just to be safe. 9 months ago, I switched jobs and moved closer to my job where my commute now is no more than 4 miles round trip. I have about a year and a half left on my lease.

I've spoken to my service adviser and he basically told me that i was SOL, but i wanted to ask you guys if you've been in a similar situation and if you had any solutions. I know I can swap my lease (which is something I've been considering), however I'm more interested in whether or not BMW will offer any incentives if I turn in my car with with my mileage well below what I'm paying for.

BMW offers a small incentive at the end of the lease. You should check with your CA but I was told it was either $200 or $300 if you have at least 10% of your total unused miles. I had a 10K annual mileage limit on my previous car and they told me if I brought it back with 27K or less I would get that amount. I think there was a higher incentiveif you used less than 80% and then an even higher incentive for 70%. It's not much and I suspect you are looking for a way to save more.

You may also check to see if a dealer wants to buy your car at the end of the lease if they can make money on it but I suspect it's a low probability unless you really drive very little.

[MasterP]

In theory your residual is based on you driving 15K annual miles. So if you come in under that by a significant margin, then your car would be worth more than the residual.

I had clients who drove 10K miles a year, but contracted @ 15K miles a year since it gave them a better chance of being able to trade out earlier since they assume they are ahead of the depreciation curve.