 |
|
|
|
Next: transmission slack?
|
| Author |
Message |
External
Since: Aug 10, 2007
Posts: 14
|
(Msg. 1) Posted: Wed Aug 22, 2007 5:21 pm
Post subject: Leasing and money factor
Archived from groups: alt>autos>bmw (more info?)
|
|
|
>From what I can tell, negotiating a price and the money factor, which
you don't have control over, are the only two variables with a lease.
I plan to order a configured car, which will take about two months to
come in. During those two months the money factor can fluctuate. How
much can it fluctuate though?
The way pre ordering works is that you put up $1000. That goes toward
a down payment. Say the MSRP is $35000 and I negotiate $34600, a very
practical price. Is that negotiation done at the time of signing or
once the car comes in? If the dealer shows me monthly cost during
signing using the current money factor, those cost won't be valid once
the car arrives...since the new money factor will be used. The dealer
could then increase the money factor even if it actually goes down. I
won't know if he did it or if it was natural and don't have any
control over that part. Can anyone comment on how it works?
Thanks,
Brett |
|
| Back to top |
|
 | |
External
Since: Aug 23, 2007
Posts: 3
|
(Msg. 2) Posted: Thu Aug 23, 2007 8:04 pm
Post subject: Re: Leasing and money factor [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
|
"brett" <account.DeleteThis@cygen.com> wrote in message
news:1187828509.268921.142040@z24g2000prh.googlegroups.com...
> >From what I can tell, negotiating a price and the money factor, which
> you don't have control over, are the only two variables with a lease.
Well, like everything else about a car deal, the money factor is negotiable.
The dealer gets a wholesale factor from whoever is doing the financing and
they usually mark it up to you. It's difficult to get the real numbers, but
sometimes calling around to multiple dealers will give you an idea.
Mike
> I plan to order a configured car, which will take about two months to
> come in. During those two months the money factor can fluctuate. How
> much can it fluctuate though?
>
> The way pre ordering works is that you put up $1000. That goes toward
> a down payment. Say the MSRP is $35000 and I negotiate $34600, a very
> practical price. Is that negotiation done at the time of signing or
> once the car comes in? If the dealer shows me monthly cost during
> signing using the current money factor, those cost won't be valid once
> the car arrives...since the new money factor will be used. The dealer
> could then increase the money factor even if it actually goes down. I
> won't know if he did it or if it was natural and don't have any
> control over that part. Can anyone comment on how it works?
>
> Thanks,
> Brett
> |
|
| Back to top |
|
| |
External
Since: Aug 10, 2007
Posts: 14
|
(Msg. 3) Posted: Thu Aug 23, 2007 8:33 pm
Post subject: Re: Leasing and money factor [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
|
On Aug 23, 8:04 pm, "Mikep" <mi....TakeThisOut@NOSPAMturboware.com> wrote:
> "brett" <acco....TakeThisOut@cygen.com> wrote in message
>
> news:1187828509.268921.142040@z24g2000prh.googlegroups.com...
>
> > >From what I can tell, negotiating a price and the money factor, which
> > you don't have control over, are the only two variables with a lease.
>
> Well, like everything else about a car deal, the money factor is negotiable.
> The dealer gets a wholesale factor from whoever is doing the financing and
> they usually mark it up to you. It's difficult to get the real numbers, but
> sometimes calling around to multiple dealers will give you an idea.
>
> Mike
>
>
>
> > I plan to order a configured car, which will take about two months to
> > come in. During those two months the money factor can fluctuate. How
> > much can it fluctuate though?
>
> > The way pre ordering works is that you put up $1000. That goes toward
> > a down payment. Say the MSRP is $35000 and I negotiate $34600, a very
> > practical price. Is that negotiation done at the time of signing or
> > once the car comes in? If the dealer shows me monthly cost during
> > signing using the current money factor, those cost won't be valid once
> > the car arrives...since the new money factor will be used. The dealer
> > could then increase the money factor even if it actually goes down. I
> > won't know if he did it or if it was natural and don't have any
> > control over that part. Can anyone comment on how it works?
I don't think that is realistic. Dealers aren't going to give out the
money factor over the phone. Some will say it based on your credit,
although it isn't. Others will won't you to come in. >> Stay informed about: Leasing and money factor |
|
| Back to top |
|
| |
External
Since: Aug 10, 2007
Posts: 14
|
(Msg. 4) Posted: Thu Aug 23, 2007 8:34 pm
Post subject: Re: Leasing and money factor [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
|
On Aug 23, 6:12 pm, pltrgyst <pltrg....TakeThisOut@covad.net> wrote:
> On Wed, 22 Aug 2007 17:21:49 -0700, brett <acco....TakeThisOut@cygen.com> wrote:
> >....Is that negotiation done at the time of signing or
> >once the car comes in? If the dealer shows me monthly cost during
> >signing using the current money factor, those cost won't be valid once
> >the car arrives...since the new money factor will be used. The dealer
> >could then increase the money factor even if it actually goes down. I
> >won't know if he did it or if it was natural and don't have any
> >control over that part. Can anyone comment on how it works?
>
> With our dealer, everything was locked in and signed at time of
> order. Don't know if that's universal, though.
>
> -- Larry
I confirmed my local dealer does it the same way. Were you concerned
about the rate dropping by the time the car reached you?
Brett >> Stay informed about: Leasing and money factor |
|
| Back to top |
|
| |
External
Since: Sep 15, 2003
Posts: 9
|
(Msg. 5) Posted: Thu Aug 23, 2007 9:12 pm
Post subject: Re: Leasing and money factor [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
|
On Wed, 22 Aug 2007 17:21:49 -0700, brett <account.RemoveThis@cygen.com> wrote:
>....Is that negotiation done at the time of signing or
>once the car comes in? If the dealer shows me monthly cost during
>signing using the current money factor, those cost won't be valid once
>the car arrives...since the new money factor will be used. The dealer
>could then increase the money factor even if it actually goes down. I
>won't know if he did it or if it was natural and don't have any
>control over that part. Can anyone comment on how it works?
With our dealer, everything was locked in and signed at time of
order. Don't know if that's universal, though.
-- Larry >> Stay informed about: Leasing and money factor |
|
| Back to top |
|
| |
External
Since: Nov 30, 2004
Posts: 54
|
(Msg. 6) Posted: Fri Aug 24, 2007 11:11 am
Post subject: Re: Leasing and money factor [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
|
On Thu, 23 Aug 2007 20:34:53 -0700, brett <account.RemoveThis@cygen.com> wrote:
>On Aug 23, 6:12 pm, pltrgyst <pltrg....RemoveThis@covad.net> wrote:
>> With our dealer, everything was locked in and signed at time of
>> order. Don't know if that's universal, though.
>
>I confirmed my local dealer does it the same way. Were you concerned
>about the rate dropping by the time the car reached you?
Why would I have cared? Our contract called for a fixed price in dollars, with
the contract effective on the date when we picked up the car in Munich. Nothing
that happened in the two months between signing the contract and accepting the
car could have any effect on what we paid.
-- Larry >> Stay informed about: Leasing and money factor |
|
| Back to top |
|
| |
External
Since: Aug 10, 2007
Posts: 14
|
(Msg. 7) Posted: Sat Aug 25, 2007 9:56 am
Post subject: Re: Leasing and money factor [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
|
On Aug 24, 8:11 am, pltrgyst <pltrg....DeleteThis@spamlessxhost.org> wrote:
> On Thu, 23 Aug 2007 20:34:53 -0700, brett <acco....DeleteThis@cygen.com> wrote:
> >On Aug 23, 6:12 pm, pltrgyst <pltrg....DeleteThis@covad.net> wrote:
> >> With our dealer, everything was locked in and signed at time of
> >> order. Don't know if that's universal, though.
>
> >I confirmed my local dealer does it the same way. Were you concerned
> >about the rate dropping by the time the car reached you?
>
> Why would I have cared? Our contract called for a fixed price in dollars, with
> the contract effective on the date when we picked up the car in Munich. Nothing
> that happened in the two months between signing the contract and accepting the
> car could have any effect on what we paid.
>
> -- Larry
Do you know when they stop taking orders for 2008 models for example?
I know lease incentives for the new models are running in the spring.
I'm just not sure if I will order a new model before the year is out.
There is probably some cut off date.
If I'm going to wait that long, I was thinking to take advantage of
lease incentives after the new year. But do those apply to custom
orders?
Thanks,
Brett >> Stay informed about: Leasing and money factor |
|
| Back to top |
|
| |
External
Since: Nov 30, 2004
Posts: 54
|
(Msg. 8) Posted: Sat Aug 25, 2007 6:21 pm
Post subject: Re: Leasing and money factor [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
|
On Sat, 25 Aug 2007 09:56:55 -0700, brett <account.DeleteThis@cygen.com> wrote:
>Do you know when they stop taking orders for 2008 models for example?
Probably two and a half months before the 09s are supposed to be available.
>If I'm going to wait that long, I was thinking to take advantage of
>lease incentives after the new year. But do those apply to custom
>orders?
Don't know where you're located, but the dealers around Washington DC sell
everything they are allocated. They have no on-hand new stock to sell. To them,
every sale is a custom order, and they don't care if it's lease or purchase.
-- Larry >> Stay informed about: Leasing and money factor |
|
| Back to top |
|
| |
External
Since: May 23, 2005
Posts: 189
|
(Msg. 9) Posted: Sat Aug 25, 2007 6:41 pm
Post subject: Re: Leasing and money factor [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
|
"pltrgyst" <pltrgyst.RemoveThis@spamlessxhost.org> wrote in message
news:tj91d3tuddoa20r9r2d9tsoloek1inqpni@4ax.com...
> On Sat, 25 Aug 2007 09:56:55 -0700, brett <account.RemoveThis@cygen.com> wrote:
>
>>Do you know when they stop taking orders for 2008 models for example?
>
> Probably two and a half months before the 09s are supposed to be
> available.
>
>>If I'm going to wait that long, I was thinking to take advantage of
>>lease incentives after the new year. But do those apply to custom
>>orders?
>
> Don't know where you're located, but the dealers around Washington DC sell
> everything they are allocated. They have no on-hand new stock to sell. To
> them,
> every sale is a custom order, and they don't care if it's lease or
> purchase.
>
> -- Larry
That seems to be the case as my suburban MD dealer's e-mail promos
invariably advertise their CPO vehicle stock. Every new BMW I've bought has
been custom ordered - but waiting is half the fun!
Tom K. >> Stay informed about: Leasing and money factor |
|
| Back to top |
|
| |
External
Since: Nov 30, 2004
Posts: 54
|
(Msg. 10) Posted: Sat Aug 25, 2007 11:17 pm
Post subject: Re: Leasing and money factor [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
|
On Sat, 25 Aug 2007 18:41:43 -0400, "Tom K." <tkorth1.TakeThisOut@spamspamcomcast.net>
wrote:
>> Don't know where you're located, but the dealers around Washington DC sell
>> everything they are allocated. They have no on-hand new stock to sell. To
>> them,every sale is a custom order, and they don't care if it's lease or
>> purchase.
>
>That seems to be the case as my suburban MD dealer's e-mail promos
>invariably advertise their CPO vehicle stock. Every new BMW I've bought has
>been custom ordered - but waiting is half the fun!
Eaxctly -- along with tracking the car through production on the BMW Web site,
etc.
And, of course, if you don't pick the car up in Munich, you're just a fool.
-- Larry >> Stay informed about: Leasing and money factor |
|
| Back to top |
|
| |
| Related Topics: | Tell me about 1983 533i issues - I am contemplating buying my first BMW. I have owned numerous VW, Volvo, Saab and Peugeots, and my Mother drives an 83 528e, so I think I have a reasonable expectation of what I am in for. What are particular trouble spots to look out for? The car in....
E39 535 missfire - My motor was serviced just before I bought it a few weeks ago but I am noticing it misfires when idling. Otherwise it performs OK and I am happy with it but before I have the electrics stripped out I thought I better check here to see if it is a common..
benzinemeter K100RS 1987 - Hallo, is het mogelijk om eeen benzinemeter te plaatsen op mijn K100RS van '87? Henri
kicking out of first - Hi everyone I have what I think is a problem on a 5 speed '90 535i. On occassion when I start off after being stopped there is a loud bang and the shifter is thrown out of first. This happens as I am letting the clutch out. If I give sufficient throttl...
Water in E39 back footwells - The bottom of each back passenger footwell recently became wet (and smelly). The right side is sodden, and the left side is wet. There's no water or trace of dampness that I can find in the front footwells. The A/C condensate drain appears to be.. |
|
You can post new topics in this forum
You can reply to topics in this forum
You can edit your posts in this forum
You can delete your posts in this forum
You can vote in polls in this forum
|
|
|
|
|
|
|
FAQ
Profile
Private Messages
Log in
