Bad News for Leasee's that want the PPK

[trfortin69]

hey all,
I just got back from the dealership and they told me if I wanted to install the Performance Package Kit, Performance exhaust and any other Performance Products you'll have to pay a penalty for the residual value, so if you spend 3500 on the exhuast and PPK then you'll only get around 500 dollars towards your residual and as a leasee you will have to apply the rest of the 3k against your monthly payment. BS...BmW can go F@%k themselves, there really forcing people away from buying their PP products. Oh well no tuning for me back to audi as soon as the lease is up.

[bulldog_yyc]

Originally Posted by trfortin69

hey all,
I just got back from the dealership and they told me if I wanted to install the Performance Package Kit, Performance exhaust and any other Performance Products you'll have to pay a penalty for the residual value, so if you spend 3500 on the exhuast and PPK then you'll only get around 500 dollars towards your residual and as a leasee you will have to apply the rest of the 3k against your monthly payment. BS...BmW can go F@%k themselves, there really forcing people away from buying their PP products. Oh well no tuning for me back to audi as soon as the lease is up.

or you can get a JB3 for like a third of the cost and remote it at the end of your lease term

[trfortin69]

Originally Posted by turkish335

or you can get a JB3 for like a third of the cost and remote it at the end of your lease term

it may come to that thanks to bmw policies

[BlackjackMulligan]

Originally Posted by trfortin69

hey all,
I just got back from the dealership and they told me if I wanted to install the Performance Package Kit, Performance exhaust and any other Performance Products you'll have to pay a penalty for the residual value, so if you spend 3500 on the exhuast and PPK then you'll only get around 500 dollars towards your residual and as a leasee you will have to apply the rest of the 3k against your monthly payment. BS...BmW can go F@%k themselves, there really forcing people away from buying their PP products. Oh well no tuning for me back to audi as soon as the lease is up.

I agree that's BS, but Audi has similar BS policies with regard to residuals. If you go with the Prestige model (the top) you lose like 5 bps on the residual over the Premium model.

When I was researching the TT roadster prior to getting my 1er, not only did it go down with prestige, but if you got S Line it went down even more..

[RiXst3r]

That is because once the car hits the wholesale channels, those features don't add all that much cost... sometimes people avoid them. I've seen cars with performance mods of any kind, even OEM ones, go for much less at wholesale because of the wear & tear risk factors, and because the average joe buyer doesn't care about that stuff like we do!

I see it all the time at auctions... people look at age, condition, and miles... they barely even consider features/options

[larryn]

On a lease, you probably shouldn't be doing heavy modding anyway. It's not your car to begin with. You're in a 2-3 yr rental.

[HPFREAK]

Originally Posted by trfortin69

it may come to that thanks to bmw policies

3500 for that kit is a waste anyway for what you get. makes no sense t pay that much. As stated above a Jb3 with a BT scan tool is your best bet for 700 bucks you get a safe power adder that can be removed in 30min and have no worries. With the 2.0 software coming out for the JB3 it will be the greated bang for the buck out there. 2.0 is still in beta testing phase right now but BMS is getting closer for sure to the final release for everyone. 2.0 works so good that people who are beta testing notice the difference right away.

[Add1ct]

if you have already spent all of your own money though on the performance suspension, it's not like there's a penalty for modding with BMW parts at the end of the lease, you just don't get any residual value, you scared the shit out of me with the title of the thread

[trfortin69]

Originally Posted by Add1ct

if you have already spent all of your own money though on the performance suspension, it's not like there's a penalty for modding with BMW parts at the end of the lease, you just don't get any residual value, you scared the shit out of me with the title of the thread

the dealership said even after the fact that I would have to pay a big penalty and they would add 3000 to my monthly over the next 2 years, so my payments would go up 125 per month. sorry didn't mean to scare you but this is what I was told at the dealship.

[trfortin69]

Originally Posted by Brad@PSI MOTORS

3500 for that kit is a waste anyway for what you get. makes no sense t pay that much. As stated above a Jb3 with a BT scan tool is your best bet for 700 bucks you get a safe power adder that can be removed in 30min and have no worries. With the 2.0 software coming out for the JB3 it will be the greated bang for the buck out there. 2.0 is still in beta testing phase right now but BMS is getting closer for sure to the final release for everyone. 2.0 works so good that people who are beta testing notice the difference right away.

i'll keep my eyes out for that

[trfortin69]

Originally Posted by larryn

On a lease, you probably shouldn't be doing heavy modding anyway. It's not your car to begin with. You're in a 2-3 yr rental.

True, true, however I still might keep my car at the end of my lease so any money I put into it will be worth it, however not if they are going to surcharge me at the end of the lease for added residual costs.

[Add1ct]

Originally Posted by trfortin69

the dealership said even after the fact that I would have to pay a big penalty and they would add 3000 to my monthly over the next 2 years, so my payments would go up 125 per month. sorry didn't mean to scare you but this is what I was told at the dealship.

if you're leasing a car with the kit installed then yes, it's like paying 3000 extra over 2 years. if you lease the car and then spend your own 3000 then I don't think so. as I recall from the BMW perf parts press releases these parts are fine for those leasing, you just have to pay the full cost of the parts- ie you're leasing the car, but you're buying the parts

[trfortin69]

Originally Posted by Add1ct

if you're leasing a car with the kit installed then yes, it's like paying 3000 extra over 2 years. if you lease the car and then spend your own 3000 then I don't think so. as I recall from the BMW perf parts press releases these parts are fine for those leasing, you just have to pay the full cost of the parts- ie you're leasing the car, but you're buying the parts

I hope so

[Sal@AUTOcouture]

Originally Posted by RiXst3r

That is because once the car hits the wholesale channels, those features don't add all that much cost... sometimes people avoid them. I've seen cars with performance mods of any kind, even OEM ones, go for much less at wholesale because of the wear & tear risk factors, and because the average joe buyer doesn't care about that stuff like we do!

I see it all the time at auctions... people look at age, condition, and miles... they barely even consider features/options

hit the nail on the head

[bbadillo]

I could see where if you bought the upgrade they tacked it into the total value of the car and you paid in your lease the difference, but your saying you buy the upgrade, then you have to also pay as if it came out of the shop like that from the get go? WTH

[trfortin69]

Originally Posted by bbadillo

I could see where if you bought the upgrade they tacked it into the total value of the car and you paid in your lease the difference, but your saying you buy the upgrade, then you have to also pay as if it came out of the shop like that from the get go? WTH

so basically they are going to surcharge me whatever the difference in the residual will be, so If I pay 3k for the PK and they only give 500 towards the residual then I have to tack on 2500 to my remaining payments...it's crazy! so I applied for a loan and got a finance rate of 4.5% 60 months to buy out my lease, I screwed bmw twice now I can get the PK and not have to pay surcharge and they won't be getting any of my finance fees on the lease. Dopes!!!

[Add1ct]

so basically, the PPK, and other performance parts need to be paid for by the customer and don't get the same residual as the car. that's what I thought

[trfortin69]

Originally Posted by Add1ct

so basically, the PPK, and other performance parts need to be paid for by the customer and don't get the same residual as the car. that's what I thought

yes, basically a double whammy! and double whammy sucks!!

[Add1ct]

yea but if you leased the car like me, and then bought the parts knowing you weren't getting any residual then it doesn't feel liek a double whammy. if you leased the car like me and it's turning out to be a lemon like mine and you have to take the parts out after only a year and sell them like i may have to then yes it sucks!

[trfortin69]

Originally Posted by Add1ct

yea but if you leased the car like me, and then bought the parts knowing you weren't getting any residual then it doesn't feel liek a double whammy. if you leased the car like me and it's turning out to be a lemon like mine and you have to take the parts out after only a year and sell them like i may have to then yes it sucks!

man that does suck

[Add1ct]

yea as much as it may end up sucking, it's nowhere near as annoying as the bimonthly dealer trips of late