535Xi ED June

Hello All,

I am planning to do an ED for 535xi in June. Some of the current incentives expire on April 1 2013.

Is is a correct assumption that if I do the deal this week I can lock in the rates and incentives for 60 days past April 1 2013. Please advise.

My 335xi lease is ending in May 2013.

Thanks!
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60 days back from the day you close on the loan/lease (90 days in California). So if your loan/lease date is, lets say, June 10, you can lock after April 11-12, but have to cross your fingers that when April comes the same (or better) incentives continue. I have a June 21 ED, so I am in the same boat waiting to see the offers for April.

Wouldn't you get the better of your "March Lock-in" or what ever deal is available in June?

He can't lock in March if he has a June ED and does not live in Cali. Has to be 60 days.

Originally Posted by neurom

He can't lock in March if he has a June ED and does not live in Cali. Has to be 60 days.

Technically, it's 90 days if the selling dealer is West Coast regardless of where the buyer resides. I think it's moot in this instance though.

My CA adivsed me that I can lock in the current incentives that expire on April 1, 2013. The lock on the east cost will hold good for 60 days after April 1, 2013. Therefore if I do my Ed paperwork in last week of May I will be good.

Originally Posted by saranr

My CA adivsed me that I can lock in the current incentives that expire on April 1, 2013. The lock on the east cost will hold good for 60 days after April 1, 2013. Therefore if I do my Ed paperwork in last week of May I will be good.

Can you clarify, is your loan/lease start date on or before May 31? And when is the date of your ED, if you wouldn't mind sharing? Mine is June 21, got me thinking I should lock before the end of the month and if the incentives are not renewed then consider closing 3 weeks early on the loan instead of 2 weeks, which was my plan.

To add to this discussion, I talked to my CA about this, he is knowledgeable about ED, tells me that the incentives can be locked for 60 days prior to the PHYSICAL PICKUP DATE, not the date you close on the loan/lease. Either your CA or mine are mistaken (and my CA can also beat up your CA). He does tell me the incentives ought to be continued, although I would be confident that the loyalty is more likely than APR/lease cash offers.

Originally Posted by neurom

Can you clarify, is your loan/lease start date on or before May 31? And when is the date of your ED, if you wouldn't mind sharing? Mine is June 21, got me thinking I should lock before the end of the month and if the incentives are not renewed then consider closing 3 weeks early on the loan instead of 2 weeks, which was my plan.

I will double check again. Working on my ED dates for June 5/6th. I will sign the paperwork by last week of May and will be locking this month incentives to be safe.
- loyalty 750; BMw incentive $1500; Turn key program (first month payment waiver) buying within 30 days of current lease expiration; Base MF (.00130) and 63% residual.