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Discussion Starter · #1 · (Edited)
I have been considering leasing a 535XiT. I locked in on February's OLP rate which was 0.00045 off the base rate (which was 0.00225 at the time). The current base rate is 0.00190 but the OLP dropped to 0.0001 (as far as I can tell from this forum). If I was to finalize a lease one of the four(!) 535XiTs my local dealer has in stock in the next 3 days, shouldn't my rate be 0.00145 (0.00190-0.00045)?

As far as I can tell, my CA has quoted me a number with a money factor of 0.0018. Given that there is talk of a drop in residual values next month, I am considering pulling the trigger ASAP even though my current (non-BMW) lease is not up for a few months.

Thanks to all for any input.
 

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Flying monkey herder
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8,170 Posts
you cant mix and match olp programs. they're only valid for the program they were intro'ed with.

ie: the 0.00045 reduction with the 0.00225 buy rate and the 0.0001 reduction with the 0.00190 buy rate.

you cant take the OLP from last month with the rates from this month.
 

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Discussion Starter · #3 ·
OK, so when my CA says I have locked in OLP for 90 days, that means I am locked into a rate (in this case 0.0018) not a reduction in the base rate (minus 0.00045). Thanks for the clarification.
 

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Flying monkey herder
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correct. if you noticed, the changes in the program keep the OLP rate the same while lowering the rate for new lessees.

for bmwfs, its a way to attract new customers while keeping the same OLP rate.
 
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