Car Lease is ending..What to do?

[Anonymous]

2013 BMW 750i xDrive AWD.. It was my dream car but I do want the new S550... My payments are 1,013/Month It was a 24 month lease.. I love this car and maybe I will give it to my daughter If I buy it.. Do you re pull your credit when you buy it?

[SamsungHDTV]

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@Anonymous wrote:

2013 BMW 750i xDrive AWD.. It was my dream car but I do want the new S550... My payments are 1,013/Month It was a 24 month lease.. I love this car and maybe I will give it to my daughter If I buy it.. Do you re pull your credit when you buy it?

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The only re-pull your credit if you finance it. If you buy cash, then no.

[guydiver]

Don't tell my daughter.  She only got a Civic

[Anonymous]

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@guydiver wrote:

Don't tell my daughter.  She only got a Civic

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Hahaha This option I think will be better then the process of buying her a car... Its a 2013 it has 16,000 miles on it

[Anonymous]

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@Anonymous wrote:

2013 BMW 750i xDrive AWD.. It was my dream car but I do want the new S550... My payments are 1,013/Month It was a 24 month lease.. I love this car and maybe I will give it to my daughter If I buy it.. Do you re pull your credit when you buy it?

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If you are thinking of buying it, why not get the value and get a good auto rate from a CU after finding out how much it cost.   That way, you save yourself a lot of moeny and have some bargaining power in getting the price of the car down? 

[Luscher]

When I bought my lease they treated it as a new buy, and I had to pay taxes on it, but couldn't get the 0% apr. It may no sense. But I'm glad I bought it, and I refinanced with DCU at 1.49%. So I highly suggest looking into DCU for financing