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European Delivery
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  #1  
Old Yesterday, 05:26 PM
VitaminHan VitaminHan is offline
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What does BMW pays the 2nd payment mean?

I am trying to figure out what means by BMW pays the 2nd payment when the car is in transportation. Supposedly I place an order in late October, and pick up in January, I will pay the first payment a few days before the pickup, which accounts for the January payment. February payment will be picked up by BMW, and I will start paying monthly from March, am I correct? Thanks
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  #2  
Old Yesterday, 06:15 PM
bmw325 bmw325 is online now
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Quote:
Originally Posted by VitaminHan View Post
I am trying to figure out what means by BMW pays the 2nd payment when the car is in transportation. Supposedly I place an order in late October, and pick up in January, I will pay the first payment a few days before the pickup, which accounts for the January payment. February payment will be picked up by BMW, and I will start paying monthly from March, am I correct? Thanks

That's correct.

But it's not really free. You pay a higher money factor with ED which typically works out to you paying slightly more over the course of the lease than what 1 payment would be.
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  #3  
Old Yesterday, 06:32 PM
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Also BMWFS often "forgets" that you are entitled to have them make the second payment. Just don't be surprised if they try to get you to make that second payment - just don't yield!
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Old Yesterday, 06:37 PM
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Kamdog Kamdog is offline
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Here is what it means: you pay the first payment, and BMW makes the next payment. Which usually coincides with your sitting home from your ED trip while your car sits on the boat.
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  #5  
Old Yesterday, 06:41 PM
VitaminHan VitaminHan is offline
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Originally Posted by Trinitony View Post
Also BMWFS often "forgets" that you are entitled to have them make the second payment. Just don't be surprised if they try to get you to make that second payment - just don't yield!
so if I see BMW tries to charge the 2nd payment, what do I do? Call them up and tell them to waive it?
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  #6  
Old Yesterday, 07:06 PM
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so if I see BMW tries to charge the 2nd payment, what do I do? Call them up and tell them to waive it?
Yes. Tell them that it is an ED car and the second payment is to be paid by them.

Last edited by Trinitony; Yesterday at 07:09 PM.
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  #7  
Old Yesterday, 09:21 PM
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dkreidel dkreidel is offline
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Originally Posted by Trinitony View Post
Yes. Tell them that it is an ED car and the second payment is to be paid by them.
This is leased ED cars only; no forgiveness of second payment on financed cars.
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  #8  
Old Today, 08:22 AM
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Originally Posted by dkreidel View Post
This is leased ED cars only; no forgiveness of second payment on financed cars.
Good point!
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