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  #1  
Old 10-26-2012, 09:42 AM
just_mm just_mm is offline
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Location: los angeles
 
Join Date: Oct 2012
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Mein Auto: 335i
Lease End Questions (thinking to buy)

Hi guys, got a quick question, my lease is ending tomorrow , and I'm considering buying it, as I prefer the e90's over the f30's. I had a few questions.

as I understand it, with the CPO program, I can buy the car for Residual price+cost of CPO (how much is that by the way), and then BMWFS will make 500 dollar payments for the first 3 months? This seems like a great deal because if the CPO is around 1.5K (my guess), they're pretty much CPOing it for free. - I also understand that then I WILL NOT be able to take advantage of the 0.9% rate, which is fine, but what rate are they going to offer me? what is baseline? is it like leases where they're going to try jacking up the rate as profit?

what do i have to watch out for? Do i have to return to original leasing dealership to complete this transaction ? or can i do it at any bmw dealership? (since all they are doing is essentially transferring ownership to me). would be great to know what rates to look forward to before going in to do this?

also Jon mentioned that there will be great programs coming out in the next week or so, is this anything that applies to used/CPO vehicles or just support for new models?

thanks.
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  #2  
Old 10-26-2012, 10:03 AM
Justin@NCBMW Justin@NCBMW is offline
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Location: SoCal
 
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Posts: 972
Mein Auto: MY13 X5 50i
Quote:
Originally Posted by just_mm View Post
Hi guys, got a quick question, my lease is ending tomorrow , and I'm considering buying it, as I prefer the e90's over the f30's. I had a few questions.

as I understand it, with the CPO program, I can buy the car for Residual price+cost of CPO (how much is that by the way), and then BMWFS will make 500 dollar payments for the first 3 months? This seems like a great deal because if the CPO is around 1.5K (my guess), they're pretty much CPOing it for free. - I also understand that then I WILL NOT be able to take advantage of the 0.9% rate, which is fine, but what rate are they going to offer me? what is baseline? is it like leases where they're going to try jacking up the rate as profit?

what do i have to watch out for? Do i have to return to original leasing dealership to complete this transaction ? or can i do it at any bmw dealership? (since all they are doing is essentially transferring ownership to me). would be great to know what rates to look forward to before going in to do this?

also Jon mentioned that there will be great programs coming out in the next week or so, is this anything that applies to used/CPO vehicles or just support for new models?

thanks.
You will not qualify for the 3/payment offer if you buy out your own car
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Justin W.
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New Century BMW ~ 7 Time Center of Excellence recipient 2013 PIA winner

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  #3  
Old 10-26-2012, 10:20 AM
just_mm just_mm is offline
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Location: los angeles
 
Join Date: Oct 2012
Posts: 2
Mein Auto: 335i
really? i had another lease i turned in last month and the lease end gentleman said that it could be done if i decided to keep the car (it was actually his idea), he took in the car gave me 24 hours to get back to him with a decision, but eventually i let that one go and re-leased another. have the programs changed or vary by bmw center?
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  #4  
Old 10-26-2012, 10:27 AM
Justin@NCBMW Justin@NCBMW is offline
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Location: SoCal
 
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Quote:
Originally Posted by just_mm View Post
really? i had another lease i turned in last month and the lease end gentleman said that it could be done if i decided to keep the car (it was actually his idea), he took in the car gave me 24 hours to get back to him with a decision, but eventually i let that one go and re-leased another. have the programs changed or vary by bmw center?
Program has not changed and it does not vary by Center...he gave you the wrong info because he did not fully READ the entire bulletin
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Justin W.
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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  #5  
Old 10-28-2012, 10:38 PM
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Greg@Pacific BMW Greg@Pacific BMW is offline
Greg Poland Pacific BMW
Location: Glendale, CA
 
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Mein Auto: 2011 X5 3.5 M sport
I concur with Justin no 3 payments if you buy your own car and CPO it... The whole purpose of this program is to generate new business.
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