I have an appointment to look at a new 2 Series this week. The lease on my '20 F22 is coming due in April and the dealer is "searching for well-maintained vehicles to expand [their] pre-owned inventory and [is] interested in purchasing [my] BMW." I'm preparing myself for the pittance they're probably going to offer for my car that just turned over 6500 miles on a 30k lease.
And the crazy used car valuations? Despite being several years into this nonsense, the residuals for leases are still nowhere near fair for the prospective lessee. They might be a percent or two higher than they were before the pandemic, but the real-world value is somewhere closer to +20% these days.
It's getting hard to justify a BMW when the prices keep going up and consumers are still forced to accept the reality of no MSRP rebates, insulting incentives, and unreliable loyalty discounts.