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  #1  
Old 09-20-2012, 09:53 AM
335Fanatic 335Fanatic is offline
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BMW Lease Program month to month locking

Quick question. Let's say I lock September's BMW Lease Program by submitting (and getting approved) an online financing application. Do I have to do the same thing in October?
So when November comes, let's say I want to use October's program...

Thanks in advance.
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  #2  
Old 09-20-2012, 10:07 AM
Justin@NCBMW Justin@NCBMW is offline
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Quote:
Originally Posted by 335Fanatic View Post
Quick question. Let's say I lock September's BMW Lease Program by submitting (and getting approved) an online financing application. Do I have to do the same thing in October?
So when November comes, let's say I want to use October's program...

Thanks in advance.
No, once approved you are locked in for 60 days. You may use the Sept or Oct program as long as it's within the lock period.
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  #3  
Old 09-20-2012, 10:32 AM
335Fanatic 335Fanatic is offline
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Quote:
Originally Posted by Justin@NCBMW View Post
No, once approved you are locked in for 60 days. You may use the Sept or Oct program as long as it's within the lock period.
Makes perfect sense, thank you!!
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  #4  
Old 09-20-2012, 12:06 PM
dzaborn dzaborn is offline
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Quote:
Originally Posted by Justin@NCBMW View Post
No, once approved you are locked in for 60 days. You may use the Sept or Oct program as long as it's within the lock period.
Do you only have to place your order within the 60 days, or take delivery of the car within 60 days?

I am going to be ordering at the very end of October (which would be within 60 days) for a November build and would like to go ahead and get my rate locked in with the September rates assuming it will still be good for an estimated December delivery date.
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  #5  
Old 09-20-2012, 12:15 PM
Justin@NCBMW Justin@NCBMW is offline
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Quote:
Originally Posted by dzaborn View Post
Do you only have to place your order within the 60 days, or take delivery of the car within 60 days?

I am going to be ordering at the very end of October (which would be within 60 days) for a November build and would like to go ahead and get my rate locked in with the September rates assuming it will still be good for an estimated December delivery date.
Take delivery within 60 days of lock
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Lease Portfolio/ED Manager
New Century BMW ~ 7 Time Center of Excellence recipient 2013 PIA winner

1139 W Main St Alhambra, CA 91081

(800) 286-4269 Main Office
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  #6  
Old 09-20-2012, 02:36 PM
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Tiefseeblau F10 Tiefseeblau F10 is offline
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How about ED? Would I have to take delivery in Munich within the 60 days (90 days in the west coast), or when my car arrives in the states?

Sent from my LG-VM701 using Bimmer App
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  #7  
Old 09-20-2012, 02:49 PM
dzaborn dzaborn is offline
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Originally Posted by Justin@NCBMW View Post
Take delivery within 60 days of lock
Thanks JustinW.

Does that mean that you have to place an order without being locked in at a rate, since order time to delivery within 8 weeks is cutting it close? I just assumed at order time that you were pre-approved at a rate and the terms of the lease/buy finalized.

So if your car takes 9 weeks to be delivered you have to go through the pre-approval process again and are subject to whatever the rate/terms are at time of delivery?
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  #8  
Old 09-20-2012, 03:12 PM
Justin@NCBMW Justin@NCBMW is offline
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Originally Posted by 02E46enroute View Post
How about ED? Would I have to take delivery in Munich within the 60 days (90 days in the west coast), or when my car arrives in the states?

Sent from my LG-VM701 using Bimmer App
You have to contract within 60/(90 west region)days
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Lease Portfolio/ED Manager
New Century BMW ~ 7 Time Center of Excellence recipient 2013 PIA winner

1139 W Main St Alhambra, CA 91081

(800) 286-4269 Main Office
(626) 570-8444 ext. 4675


Click here to email me!
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  #9  
Old 09-20-2012, 04:16 PM
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Tiefseeblau F10 Tiefseeblau F10 is offline
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Quote:
Originally Posted by Justin@NCBMW View Post
You have to contract within 60/(90 west region)days
So does that mean I can take delivery in Munich anytime after the 60 or 90 day period as long as I contract within that time frame?
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  #10  
Old 09-20-2012, 04:21 PM
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SARAFIL SARAFIL is offline
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Quote:
Originally Posted by 02E46enroute View Post
So does that mean I can take delivery in Munich anytime after the 60 or 90 day period as long as I contract within that time frame?
Not exactly. You can't contract until the car has a VIN, and there is no VIN until they build it which is within a certain time period of your pickup. Not sure what the exact time limit is, but there is a limit in how long you can wait driven by how far in advance they build ED cars.
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  #11  
Old 09-20-2012, 05:47 PM
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Tiefseeblau F10 Tiefseeblau F10 is offline
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Originally Posted by SARAFIL View Post
Not exactly. You can't contract until the car has a VIN, and there is no VIN until they build it which is within a certain time period of your pickup. Not sure what the exact time limit is, but there is a limit in how long you can wait driven by how far in advance they build ED cars.
The reason im curious because I'm considering doing ED on a 2013 528i and I'm waiting to see if and what kind of incentives or holiday cash BMW will offer towrds the end of the year. I'm trying to plan a rough draft of my trip and I would prefer to travel out to Germany around April.

So lets say I put a deposit towards the end of any programs or incentives, wait for a VIN and pay for the car within the 90 day lock period (i'm in the west coast), can I fly out to Munich and take delivery of my car anytime after 90 day lock period as long a I contract and pay for the car within the 90 day period?
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  #12  
Old 09-20-2012, 06:55 PM
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miamiboyca miamiboyca is offline
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Quote:
Originally Posted by 02E46enroute View Post
...take delivery of my car anytime after 90 day lock period as long a I contract and pay for the car within the 90 day period?
Yes and no. You have to contract (sign the papers) within the lock in period. You can take delivery after the lock in is over. Keep in mind though, there is probably a limit on how much time after you sign the paperwork you can pick up the car. BMW is not going to build a car and let is sit for 4 months until you pick it. They base your production on when you plan to pick up the car. You actually pick a date and they confirm it. Production will be based on the delivery date. Also keep in mind that you have to make payments after you sign which is why my CA has me signing 10 days before pick up.

Here is an example
Lock in 9/2/2012 - you must sign within 90 days or 12/1/2012 (since you are from California)
Sign 12/1/2012 and schedule delivery for 1/1/2013 Drive it for 2 weeks and drop off on 1/15/2013

First payment is due 1/1/2013 (ED BMW makes first payment) for you.

It takes 6-10 weeks for the car to make it back to your dealer. (lets go with worse case scenario of 10 weeks since you are in California. So car in California dealership on 4/1/2013

This means you make the 2/1 and 3/1 payments while you are waiting on the car. Just something to keep in mind. Hope it helps.
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  #13  
Old 09-20-2012, 10:31 PM
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Tiefseeblau F10 Tiefseeblau F10 is offline
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Quote:
Originally Posted by miamiboyca View Post
Yes and no. You have to contract (sign the papers) within the lock in period. You can take delivery after the lock in is over. Keep in mind though, there is probably a limit on how much time after you sign the paperwork you can pick up the car. BMW is not going to build a car and let is sit for 4 months until you pick it. They base your production on when you plan to pick up the car. You actually pick a date and they confirm it. Production will be based on the delivery date. Also keep in mind that you have to make payments after you sign which is why my CA has me signing 10 days before pick up.

Here is an example
Lock in 9/2/2012 - you must sign within 90 days or 12/1/2012 (since you are from California)
Sign 12/1/2012 and schedule delivery for 1/1/2013 Drive it for 2 weeks and drop off on 1/15/2013

First payment is due 1/1/2013 (ED BMW makes first payment) for you.

It takes 6-10 weeks for the car to make it back to your dealer. (lets go with worse case scenario of 10 weeks since you are in California. So car in California dealership on 4/1/2013

This means you make the 2/1 and 3/1 payments while you are waiting on the car. Just something to keep in mind. Hope it helps.
Thanks for the help . Its exactly how I plan on taking delivery of my car. Sign on the last day of the lock period and fly to Munich three to four weeks later. I also plan on doing PCD as well. I'm just waiting to see what kind of incentives, holiday cash, and finance rates BMW will offer towards the end of the year.

I plan on financing, but I assume the same lock rules apply regardless of anyone leasing or financing.

Last edited by Tiefseeblau F10; 09-20-2012 at 11:33 PM.
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  #14  
Old 09-21-2012, 08:33 AM
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miamiboyca miamiboyca is offline
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Quote:
Originally Posted by 02E46enroute View Post
Thanks for the help . Its exactly how I plan on taking delivery of my car. Sign on the last day of the lock period and fly to Munich three to four weeks later. I also plan on doing PCD as well. I'm just waiting to see what kind of incentives, holiday cash, and finance rates BMW will offer towards the end of the year.

I plan on financing, but I assume the same lock rules apply regardless of anyone leasing or financing.
Check with your CA about how much time you can delay pick up.

I am doing the exact same thing, ED, followed by PDC delivery and Greg P at Pacific has made it a breeze. Check him out when its time.
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