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-   -   ED and Lease Questions (http://www.bimmerfest.com/forums/showthread.php?t=659600)

jbailey895 11-21-2012 05:42 PM

ED and Lease Questions
 
Sorry if these are somewhat basic, I had to cancel my last ED because of the Icelandic volcano thing. Just wanted to confirm a few concepts:

1. Are most board dealers still cool w/ $500 over ED invoice?

2. For leases, MSRP is US, rt?

3. Residuals, HC, loyalty, drive app all apply?

4. Still takes 8-10 wks for West coast re-delivery? Is one pmt waived?

5. Is Lufthansa still 2 for 1?

Thanx, I tried search, but most of the answers were from back when I was planning before, so wanted to see if it had changed.

Cheers,
Joel

640GC 11-21-2012 09:07 PM

Quote:

Originally Posted by jbailey895 (Post 7207836)
Sorry if these are somewhat basic, I had to cancel my last ED because of the Icelandic volcano thing. Just wanted to confirm a few concepts:

1. Are most board dealers still cool w/ $500 over ED invoice?

2. For leases, MSRP is US, rt?

3. Residuals, HC, loyalty, drive app all apply?

4. Still takes 8-10 wks for West coast re-delivery? Is one pmt waived?

5. Is Lufthansa still 2 for 1?

Thanx, I tried search, but most of the answers were from back when I was planning before, so wanted to see if it had changed.

Cheers,
Joel

1. Depends upon the model. On the 640GC I went $1,500.00 over ED invoice.
2. Yes
3. Yes, but not USAA
4. Ours took two months, Sept 19th - Nov 19th to Texas, with Hurricane thrown in.
5. No, it's more like 5% - 10% off of their lowest price now. The 2 for 1 was on their highest priced tickets, so it works out. We flew BA.

jbailey895 11-21-2012 09:35 PM

Thanx, that info helps ;-) Hard to justify 2+ mos. without it on a short lease, but it is an adventure and an excuse to go to
Europe, . .

dkreidel 11-22-2012 07:28 AM

Quote:

Originally Posted by jbailey895 (Post 7208200)
Thanx, that info helps ;-) Hard to justify 2+ mos. without it on a short lease, but it is an adventure and an excuse to go to
Europe, . .

True, but BMWNA makes the 2nd lease payment for you while the car is on the water. However, there is no such thing as a free lunch; BMW raises the MF by .0003 on ED leases to compensate for the "free" second payment.

dk

akthorp 11-22-2012 08:58 AM

Explain #2. If you lease on ED the price is based on US MSRP? So you don't get the 7% savings that you get when you buy?

AggieKnight 11-22-2012 09:14 AM

Quote:

Originally Posted by akthorp (Post 7208729)
Explain #2. If you lease on ED the price is based on US MSRP? So you don't get the 7% savings that you get when you buy?

For the purpose of calculating the residual value, US MSRP is used. Not your sale price.

Make sense?

thumper_330 11-25-2012 08:25 AM

Quote:

Originally Posted by AggieKnight (Post 7208760)
For the purpose of calculating the residual value, US MSRP is used. Not your sale price.

Make sense?

This is exactly right. You negotiate the sale price even before you negotiate a lease... so your payment and such will all be based on the sale price not MSRP. The residual becomes a percentage of the US MSRP of your optioned out car... which means that for $500-$1000 over invoice you can be 10-11% down on US MSRP. Mine equated to about 11% off US MSRP and I put max MSD's on it... I also dropped a small down payment in there to get my payment down a bit further... kept my MSD's manageable :)


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