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European Delivery
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  #1  
Old 02-24-2006, 05:28 PM
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chicagolab chicagolab is offline
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ED lease question

just want to know if it is a standard procedure for a dealer to increase the money factor in a European Delivery lease by0.0003 e.g. current money factor on 330i is .0019 the dealer says since I may do a euro delivery they increase the money factor to .0022 does this sounds right?????????????????????
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  #2  
Old 02-24-2006, 05:30 PM
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SARAFIL SARAFIL is offline
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Quote:
Originally Posted by chicagolab
just want to know if it is a standard procedure for a dealer to increase the money factor in a European Delivery lease by0.0003 e.g. current money factor on 330i is .0019 the dealer says since I may do a euro delivery they increase the money factor to .0022 does this sounds right?????????????????????

Yes... but, in exchange, BMWFS covers the 2nd payment which would occur while the vehicle was in transit (you pay the first payment upfront when you sign the contracts).
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  #3  
Old 02-24-2006, 05:31 PM
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- BMW FS will pay the second payment for the customer (on lease only). This payment will appear on the customer's first invoice as a credit. If the customer opts for a Pre-Pay Lease, the total amount due should be reduced by one monthly payment.

- A lease rate adder of .0003 will be added to the published applicable rate for all ED leases.

http://www.bimmerfest.com/forums/showthread.php?t=77465
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Last edited by Me530; 02-24-2006 at 05:37 PM.
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  #4  
Old 02-24-2006, 05:39 PM
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MarcusSDCA MarcusSDCA is offline
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The .0003 add will increase your total lease payments by about 1.3 payments...... they give you back one payment and keep the extra. So that Gumby Clock and the free sandwich isn't really free.
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Old 02-24-2006, 05:40 PM
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Thanks

Thanks, just making sure the deal is square. Ordered my car today for ED pick up on April 21, awaiting confirmation..TiSilver 330i, steptronic, navigation, sunshades.
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  #6  
Old 02-24-2006, 05:41 PM
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MarcusSDCA MarcusSDCA is offline
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Quote:
Originally Posted by chicagolab
just want to know if it is a standard procedure for a dealer to increase the money factor in a European Delivery lease by0.0003 e.g. current money factor on 330i is .0019 the dealer says since I may do a euro delivery they increase the money factor to .0022 does this sounds right?????????????????????
It's actually .00195 plus .0003, or .00225.
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  #7  
Old 02-24-2006, 05:52 PM
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chicagolab chicagolab is offline
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thanks

Thanks, just making sure the deal is square. Ordered my car today for ED pick up on April 21, awaiting confirmation..TiSilver 330i, steptronic, navigation, sunshades.
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  #8  
Old 02-24-2006, 05:56 PM
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FYI dealer reported BMW will not cover a month of lease payments if leased through "Owner's Choice" lease program in IL
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  #9  
Old 02-24-2006, 11:45 PM
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What is this "Owner's Choice" lease program? Is that part of BMWFS or not?

Far as I know, BMWFS will cover one lease payment for ED although they make it back with the 0.0003 surcharge. That would stink to get the surcharge and miss out on the freebie month.
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  #10  
Old 02-25-2006, 06:51 AM
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Quote:
Originally Posted by Ågent99
What is this "Owner's Choice" lease program? Is that part of BMWFS or not?

Far as I know, BMWFS will cover one lease payment for ED although they make it back with the 0.0003 surcharge. That would stink to get the surcharge and miss out on the freebie month.
Owners Choice is through BMW FS - its like leasing except you own the car. At the end of the term, you can "sell" the car back to BMW at a prearranged price (residual), make the balloon payment to take ownership of the car, or refinance the balloon amount and keep making payments. Its available in states where the leasing laws suck, like in IL.
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2014 550i M Sport, European Delivery May 2014
2013 X3 35i, Dealer Delivery July 2012

Gone, but not forgotten:
2006 530i
, European Delivery June 2005
2008 335i Coupe 6MT, PCD November 2007
2011 550i M Sport, European Delivery May 2011


BMWCCA #350568
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