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  #26  
Old 05-15-2020, 11:38 AM
1968BMW2800 1968BMW2800 is offline
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Oh, and if we wish to "re-lease" our existing leased BMW, we can do that too.
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  #27  
Old 05-15-2020, 11:40 AM
1968BMW2800 1968BMW2800 is offline
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Call your connections at BMWNA Jon. Whisper the CPO lease idea in their ear. Somebody's gotta be the genius here. Might as well be YOU!
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  #28  
Old 05-15-2020, 11:53 AM
MG20i MG20i is offline
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Just called the BMWNA number and checked production status. New estimated completion date of 6/22.
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  #29  
Old 05-15-2020, 12:07 PM
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Just called the BMWNA number and checked production status. New estimated completion date of 6/22.
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  #30  
Old 05-15-2020, 12:10 PM
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Weaselboy Weaselboy is offline
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Sorry to hear this news Jon. Hopefully your customers are understanding when you lay the bad news on them.
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  #31  
Old 05-15-2020, 01:02 PM
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Jon Shafer Jon Shafer is offline
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Originally Posted by Ibiza View Post
That was me as my sales manager e-mailed me the BMW NA bulletin from May 13, 2020, attached is the bulletin.
.
Yes, however I have other orders that should not have been deleted that were deleted, one belonging to a longtime veteran and still active currently Bimmerfest member.

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  #32  
Old 05-15-2020, 01:35 PM
namelessman namelessman is offline
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Originally Posted by 1968BMW2800 View Post
+++

24 month CPO lease for returning leasees. Lease fee waived (or at least halved from new car lease fee). Reasonable residuals. Extend warranty coverage for entire lease term for, say, 10,000 miles/year beyond original warranty.

2 years later, back we come, sniffing around for some New Car Smell, feeling well-loved by BMWNA.
Is the issue of 2-year CPO lease associated with paying for maintenance/repair that lessees desperately try to avoid?
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  #33  
Old 05-15-2020, 01:47 PM
1968BMW2800 1968BMW2800 is offline
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Is the issue of 2-year CPO lease associated with paying for maintenance/repair that lessees desperately try to avoid?
That's part of it.

What Jon and other's who sell this brand to loyal, repeater customers are up against is not a problem of their making. BMWNA can create some mechanisms to slightly blunt the impact of what, hopefully, will be a short-term problem.

So, let's say I've got a nice X3 and I'm right at 30K miles at the end of my 3 year lease. Let's say the residual on that original lease is $30,000, and that number becomes the MSRP-like basis for the CPO re-lease. So,I'm happy to keep the car, knowing it's history, and either I pay for one scheduled maintenance at the end of the first year of the new lease, or BMW folds that cost into the new lease through the new residual or money factor, or just charges me a $425 "discounted" lease fee which more than covers the upcoming scheduled maintenance... whatever.

We are not naive. We know we pay for the "free" maintenance on our leases, one way or another. And we pay for the original factory warranty as part of the selling price of the car.

The numbers whizzes at BMWFS can figure out how this would work. I think Quack's main point, which I support, is that there is a win-win opportunity lurking here for those who right now can't get ordered cars and are basically looking for a reasonable way for BMW to help keep them in the brand.
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  #34  
Old 05-15-2020, 02:10 PM
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IMHO a CPO lease would benefit everyone. Dealers who don't have a pipeline of new models for the next 4-plus months. Consumers who have leases expiring, would like to stay with the brand, but are worried about the future. BMWFS who now has an alternative market for the cars coming off lease, rather than let them go at Mannheim for thousand$$$ less than their residual. Owners, who won't see the FMV of their current cars devastated by the glut of lease returns. Banks and finance companies, who won't see their collateral deeply underwater.

I would lease a CPO M4 vert or 650i GC in a New York minute. Especially if I didn't have to worry about that V8 grenading itself.
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  #35  
Old 05-15-2020, 02:52 PM
1968BMW2800 1968BMW2800 is offline
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Originally Posted by quackbury View Post
IMHO a CPO lease would benefit everyone. Dealers who don't have a pipeline of new models for the next 4-plus months. Consumers who have leases expiring, would like to stay with the brand, but are worried about the future. BMWFS who now has an alternative market for the cars coming off lease, rather than let them go at Mannheim for thousand$$$ less than their residual. Owners, who won't see the FMV of their current cars devastated by the glut of lease returns. Banks and finance companies, who won't see their collateral deeply underwater.

I would lease a CPO M4 vert or 650i GC in a New York minute. Especially if I didn't have to worry about that V8 grenading itself.
Yup.
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  #36  
Old 05-15-2020, 04:12 PM
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Ibiza Ibiza is offline
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Originally Posted by quackbury View Post
I would lease a CPO M4 vert or 650i GC in a New York minute. Especially if I didn't have to worry about that V8 grenading itself.
Interested in a 2018 M4 convertible competition package, executive, 20" inch black 666M, premium, Apple car play, heated air vent and steering wheel, Tanzanite Blue and full silverstone merino, etc.?? Only issue is a SCH from a stage 2 tune. 21,000 miles.

BMW NA is going to encourage the cancelled P1 customers to pick over dealership stock.
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  #37  
Old 05-16-2020, 01:59 PM
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Jon Shafer Jon Shafer is offline
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Originally Posted by Ibiza View Post
Interested in a 2018 M4 convertible competition package, executive, 20" inch black 666M, premium, Apple car play, heated air vent and steering wheel, Tanzanite Blue and full silverstone merino, etc.?? Only issue is a SCH from a stage 2 tune. 21,000 miles.

BMW NA is going to encourage the cancelled P1 customers to pick over dealership stock.
And dealership stock is completely devoid of or depleted as far as "enthusiast spec" cars go, the ones that forum-members tend to covet...

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  #38  
Old 05-16-2020, 02:25 PM
Autoputzer Autoputzer is offline
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Originally Posted by quackbury View Post
IMHO a CPO lease would benefit everyone. Dealers who don't have a pipeline of new models for the next 4-plus months. Consumers who have leases expiring, would like to stay with the brand, but are worried about the future. BMWFS who now has an alternative market for the cars coming off lease, rather than let them go at Mannheim for thousand$$$ less than their residual. Owners, who won't see the FMV of their current cars devastated by the glut of lease returns. Banks and finance companies, who won't see their collateral deeply underwater.

I would lease a CPO M4 vert or 650i GC in a New York minute. Especially if I didn't have to worry about that V8 grenading itself.
Leasing a BMW in it's fourth and fifth year of life could put the lessee on the hook for oil changes, spark plugs, engine and cabin air filters, and maybe a brake fluid change. A lot of BMW's need front brake pads and a rotor turn or replacement before 60k miles. Somewhere between the first and second lease, you're also going to be buying at lease four tires (six if you have a staggered set up).

At the end of a CPO lease, BMW FS would have a well-used, un-CPO-able BMW that might not meet the standards for ending up on a BMW dealer's used car lot.

It wouldn't make sense to offer CPO leases to the general public. But, for lessees keeping their current BMW, it's be a good alternative. Although, BMW FS writing another lease for cars coming off lease would cut the dealers out of any profit. BMW seems o.k. doing that by selling off-lease cars back to the lessees, though.

Last edited by Autoputzer; 05-16-2020 at 07:12 PM.
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  #39  
Old 05-16-2020, 06:47 PM
Rsb1 Rsb1 is offline
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Originally Posted by Jon Shafer View Post
I should preface what I am about to say with an acknowledgement of gratitude. take a while before things normalized.

I never in my wildest dreams expected to see what happened today...


.
SARS-CoV-2 has truly changed everything. It is disheartening to see all the lives that have been touched directly or indirectly by this @!%K. I have had to isolate myself from my wife and kids for the last 2 months due to my constant work exposure. Although my new M550 is absolutely one of the best cars I have ever driven, I don't enjoy my rides anymore, I am either missing my family or am nervous about my next shift...Please stay safe and take care of yourself. The orders will get fixed, and factories will start producing... life will get back to being normal. I can't wait to start complaining about number of times I have to wash Azurite black or why there are watermarks on the car with ceramic coating. They all seem so trivial now.
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  #40  
Old 05-16-2020, 07:44 PM
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quackbury quackbury is offline
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Originally Posted by Autoputzer View Post
Leasing a BMW in it's fourth and fifth year of life could put the lessee on the hook for oil changes, spark plugs, engine and cabin air filters, and maybe a brake fluid change. A lot of BMW's need front brake pads and a rotor turn or replacement before 60k miles. Somewhere between the first and second lease, you're also going to be buying at lease four tires (six if you have a staggered set up).

At the end of a CPO lease, BMW FS would have a well-used, un-CPO-able BMW that might not meet the standards for ending up on a BMW dealer's used car lot.

It wouldn't make sense to offer CPO leases to the general public. But, for lessees keeping their current BMW, it's be a good alternative. Although, BMW FS writing another lease for cars coming off lease would cut the dealers out of any profit. BMW seems o.k. doing that by selling off-lease cars back to the lessees, though.
The way you are phrasing it? Maybe not.

But WHAT IF the CPO Supreme cars (the ones you could lease) had a thorough reconditioning before they were offered to the public? You know, the sort of reconditioning that 90% of the American public thinks CPO cars get int he first place? Tires at 8/32nds instead of 3/32nds, etc.?

And WHAT IF the CPO Supreme Lease Program included all scheduled maintenance to the earlier of 30,000 from the CPO Supreme Lease inception, or 60,000 miles total? With a warranty that would extend to the sooner of 5 years from the car's in-service date, or 60,000 miles total? The CPO Supreme Lease Program would be for 24 months, so the cars that qualify for the program would be covered for service and warranty for 5 years / 60,000 miles total?

At the end of that 2 Year CPO Supreme Lease, the cars would be sold at auction, and the buyers would purchase 5 model-year-old cars with +/- 60,000 miles on the clock, and the assurance that all maintenance had been performed by a BMW Center, and not by Billy Bob's QuiKee Oil Change, Barbecue and Pawn Shop?

I mean, there's some dude who comes on this board with spreadsheets out the ying-yang, purporting to show that BMW's are generally reliable to 100,000 miles, and that the depreciation in years 3 through 5 is negligible. So what's wrong with two deployments through BMWFS before being released to the general public? Unless, of course, you think the Lord of the Spreadsheets is smoking the funny stuff and his numbers aren't reliable?

Would I pay $3,000 more in cap cost to lease a CPO BMW for 2 years, maintenance included, compared to buying one of the current un-reconditioned CPO vehicles (like the 330 I picked up for Mrs. Quack with the 3/32nd tires)? You're damn tootin' I would.
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Last edited by quackbury; 05-16-2020 at 07:46 PM.
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  #41  
Old 05-16-2020, 08:47 PM
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SARS-CoV-2 has truly changed everything. It is disheartening to see all the lives that have been touched directly or indirectly by this @!%K. I have had to isolate myself from my wife and kids for the last 2 months due to my constant work exposure. Although my new M550 is absolutely one of the best cars I have ever driven, I don't enjoy my rides anymore, I am either missing my family or am nervous about my next shift...Please stay safe and take care of yourself. The orders will get fixed, and factories will start producing... life will get back to being normal. I can't wait to start complaining about number of times I have to wash Azurite black or why there are watermarks on the car with ceramic coating. They all seem so trivial now.
^^^ My nomination for post of the month ^^^
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  #42  
Old 05-17-2020, 07:12 AM
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And dealership stock is completely devoid of or depleted as far as "enthusiast spec" cars go, the ones that forum-members tend to covet...

What is your take on what the cancelled P1 customers are doing? Are they waiting for a MY2021 as per the bulletin, but this doesn't solve the ED issue for the M2 and M5 orders that were cancelled. That is just awful!
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  #43  
Old 05-17-2020, 07:49 AM
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I’m in that boat - I was waiting on an ED date confirmation for an M2 (yes I contacted Jon but out of state lease deals are understandably too much brain damage). I’ve been in contact with my guy and he’s confident it’ll work out. I’m also still in touch with my old sales guy, who moved over to the service side for another perspective. While he didn’t have any fresh news, he’ll pass along anything pertinent.
Another thing to think about is how the EU is closed until at least June 15. An American passport holder couldn’t fly there now even if we wanted to.
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  #44  
Old 05-17-2020, 08:46 AM
1968BMW2800 1968BMW2800 is offline
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Originally Posted by Rsb1 View Post
SARS-CoV-2 has truly changed everything. It is disheartening to see all the lives that have been touched directly or indirectly by this @!%K. I have had to isolate myself from my wife and kids for the last 2 months due to my constant work exposure. Although my new M550 is absolutely one of the best cars I have ever driven, I don't enjoy my rides anymore, I am either missing my family or am nervous about my next shift...Please stay safe and take care of yourself. The orders will get fixed, and factories will start producing... life will get back to being normal. I can't wait to start complaining about number of times I have to wash Azurite black or why there are watermarks on the car with ceramic coating. They all seem so trivial now.
+++
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  #45  
Old 05-17-2020, 09:11 AM
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Ibiza Ibiza is offline
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Another thing to think about is how the EU is closed until at least June 15. An American passport holder couldn’t fly there now even if we wanted to.
Europe wants to have summer tourism this year, as it's an giant unknown. Which EU country's are going to require a mandatory 14 day quarantine?

Realistically, the earliest ED for US customers will be July 2020, as 4 months (March through June), will have to be rescheduled between July through September. Just like BMW NA cancelled P1 status 111 and 112 orders, I foresee ED pick-ups being cancelled due to the limited availability at the Welt due to social distancing.
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  #46  
Old 05-17-2020, 11:10 AM
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Very true Ibiza - I wonder if the bulk of those ED slated deliveries from the last few months weren’t sent to their respective destinations anyway for local delivery? I was told that they don’t like to hold cars in Germany for more than a couple weeks after they’re built.
Maybe Jon or someone who (unfortunately) went through the cancellation of an ED once the borders shut down can comment.
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  #47  
Old 05-18-2020, 05:03 AM
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Shon528 Shon528 is offline
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Very true Ibiza - I wonder if the bulk of those ED slated deliveries from the last few months weren't sent to their respective destinations anyway for local delivery? I was told that they don't like to hold cars in Germany for more than a couple weeks after they're built.
Maybe Jon or someone who (unfortunately) went through the cancellation of an ED once the borders shut down can comment.
I posted on another thread that my car was one of those that got stuck mid-production when the factory had temporarily closed. My original ED was supposed to be 4/21. Another gentleman who was scheduled for the same week chose to switch to stateside delivery. I'm staying the course, for now, and am currently rescheduled for 7/7. Will the EU borders be reopened to US passport holders by then? That's the wild card. If not and there is a reasonable amount of certainty of making this happen at the end of July, I would be open to that as well. However, at that point we'd be looking at if they would be willing to hold a car in Germany that was completed at the end of May and also if my flights will still be as favorable. Delta already cancelled my outbound 3pm flight on an A350 and we're now on a 6pm on a 777-200. Still have the Delta One Suites .
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Last edited by Shon528; 05-18-2020 at 05:32 AM.
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  #48  
Old 05-18-2020, 11:29 AM
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quackbury quackbury is offline
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Originally Posted by Shon528 View Post
I'm staying the course, for now, and am currently rescheduled for 7/7. Will the EU borders be reopened to US passport holders by then? That's the wild card.
Relax. Once Bill Gates implants his chip in you, the IAIP (International Artificial Intelligence Police) will be able to verify your ,movements for much longer than 14 days, and confirm you were not in contact with anyone carrying COVID Cooties. You'll be fine.

Watch your speed on the autobahn though. The Eye in the Sky will be watching you.
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Current BMW's:

2020 540i MSport
2017 330i Sport

Prior BMW's
2018 340i RWD 6MT MSport
2017 540i MSport
2016 428 GC MSport
2015 X1 35i xDrive
2015 X1 28i xDrive
2014 535i MSport
2014 328i SportWagon
2011 535ix MSport
2011 X5 35D
2008 ///M3 Vert
2008 X5 3.0
2007 X5 3.0
2006 X5 3.0
2006 550iA SP
2003 540iA M-Technic
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  #49  
Old 05-18-2020, 12:47 PM
namelessman namelessman is offline
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Relax. Once Bill Gates implants his chip in you, the IAIP (International Artificial Intelligence Police) will be able to verify your ,movements for much longer than 14 days, and confirm you were not in contact with anyone carrying COVID Cooties. You'll be fine.
The latest "Meet The Press" had a segment talking about the ingredients behind disinformation bonfires that fuel conspiracy theories.

Since such tactics are used from all sides, including foreign plus domestic, so inquisitive minds need to work overtime to digest.
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  #50  
Old 05-18-2020, 03:03 PM
1968BMW2800 1968BMW2800 is offline
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I'm watching. Be scared.
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