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View Full Version : Lease rate on ordered car


WOODYBROWN
12-25-2008, 11:21 AM
Lease on my 550 over mid-March. Will be ordering a new 550 as I want to spec it out myself.
I will likely need to commit in a few weeks to get the car in time (although I know BMW will extend the present lease for up to a few months if I have a confirmed order).
My question is, I have no idea as to whether lease rates will go up or downby the time I take delivery.
Can I have it both ways in terms of locking in rate, but have the option to renegote if the rates drop?

Corgidog
12-25-2008, 03:02 PM
Lease on my 550 over mid-March. Will be ordering a new 550 as I want to spec it out myself.
I will likely need to commit in a few weeks to get the car in time (although I know BMW will extend the present lease for up to a few months if I have a confirmed order).
My question is, I have no idea as to whether lease rates will go up or downby the time I take delivery.
Can I have it both ways in terms of locking in rate, but have the option to renegote if the rates drop?

If I understood my CA correctly, you are protected for 60 days after you sign. If the rates go down, you benefit and if they go up, you get the rate in effect when you signed.

Elias
12-26-2008, 05:35 AM
If you look at the recent developments at BMW they are trying to ween us off the Leasing and steer us more towards financing outright. I would venture to guess that for the next six to twelve months lease rates will be going up as well as pricing.