[legaleye3000]

Is it normal to determine lease terms (monthly payment) at the time that the dealer builds the car or after the car arrives? Thanks.

[b0bab0i]

At the time the dealer builds the car.

[Presario]

Usually set before the car is built. You will have put down your $1k deposit to start the process and the lease terms, money factor and residual, will be good for 60 days for east coast orders and 90 days for west coast orders.

[mannymazz]

Originally Posted by Presario

Usually set before the car is built. You will have put down your $1k deposit to start the process and the lease terms, money factor and residual, will be good for 60 days for east coast orders and 90 days for west coast orders.

This is what I did, I actually just ordered my car yesterday. 59,450$ msrp on a 435i. My payments are 592 a month, 3500 out of pocket with taxes, fees, first month payment.

[BavarianFanatic]

There can be adjustments, but not of a significant amount. It's usually application of new incentives to reduce the payment.

[drummer]

mine was ordered officially nov, 9th /3 yr lease. i will not have a payment till it arrives. if there are any incentives from bmw .i will receive them. i gave my salesman a target payment of $ 657.00 per month ..0 down .first month and dock fees only..
I think i got em' where i want em'

[legaleye3000]

So when you build the car, at that time is there any paperwork? What do you get to lock in the monthly payment so they can't increase it on you when the car is delivered? All I got was the production sheet. Thanks.

[drummer]

that's all i got. and i told the salesman he needs to get as close as possible to my target ,otherwise i walk.

[BigDuffy]

Originally Posted by mannymazz

This is what I did, I actually just ordered my car yesterday. 59,450$ msrp on a 435i. My payments are 592 a month, 3500 out of pocket with taxes, fees, first month payment.

Are you actually paying the MSRP or is your selling price different? With MSRP at $59,450, your monthly payment is very low even with $3,500 as down payment. My negotiated selling price was $50k with 0.00125MF and 62% residual value and it still comes out to little over to $600/mo with taxes. Do you know what your MF, residual value and lease terms are?

[BavarianFanatic]

I didn't get anything in writing. We worked the deal which was in their system. I don't have trust issues so I didn't feel I needed a paper copy. Since I ordered for ED the order had to be entered months in advance. Rates and incentives did change during that time, but in my favor.

[mannymazz]

Originally Posted by BigDuffy

Are you actually paying the MSRP or is your selling price different? With MSRP at $59,450, your monthly payment is very low even with $3,500 as down payment. My negotiated selling price was $50k with 0.00125MF and 62% residual value and it still comes out to little over to $600/mo with taxes. Do you know what your MF, residual value and lease terms are?

Sale price was 54,450, the 3500 includes bank fees, taxes, and first month. 63RV, not sure on MF. Sorry did not clarify before

[Kabrich]

Originally Posted by mauicoug

Amazing, how can you order a car and not know all the details. The payment is irrelative, if you don't know the MSRP, Invoice, Selling cost, money factor and other fees. Why would you ever tell a dealer what payment you want, they will manipulate the numbers to get the payment you seek. Maybe it should only be $550 a month, with base mf and a good cap cost.

What makes you think he told the dealer what payment he wanted?

Unlike Hawaii where there is only 1 dealer per Island, on the mainland you can approach BMW multiple Dealers, give them exactly what you are asking for, ask them to price it out and have them tell you what monthly payments they can get for you.

Then easy to compare as to who has the best deal. So the rest of the info is basically not needed (unless one is looking to purchase after a lease).

[mike@x-ph.com]

You should know exactly which car you are getting with all the details, at the time the car is built(or transferred from another dealership) no paper work is needed.
My went to the dealership told them exactly what she wanted (color,interior, packages) they said they do not have it, she would have to wait 2 months because it is being sent from Germany.
After 2 months they called her, she picked up the car, signed all the papers

[legaleye3000]

I just don't want to agree on a monthly payment, have them build a car, and then 2 months later when it comes in they say that the monthly has gone up. If that happens, then I just wasted 2 months....

[legaleye3000]

Originally Posted by Ryan9095

I've only ordered cars and my CA locks in current numbers when I order my car and gives me the option of using the lease numbers when the car arrives, if it's better.

When you say locks in, do they give you that in writing?

[Ryan9095]

Originally Posted by legaleye3000

I just don't want to agree on a monthly payment, have them build a car, and then 2 months later when it comes in they say that the monthly has gone up. If that happens, then I just wasted 2 months....

You aren't obligated to take delivery of the car if you are unhappy.... but whenever I order a car my CA locks in the current agreed upon numbers. When the car arrives, if the numbers/incentives/etc. are better, I have the option of choosing them. So you shouldn't have a problem --- did you go to Braman?

[legaleye3000]

Vista. Actually this is a trade assist.

[BavarianFanatic]

It rarely goes up any significant amount if at all. The only potential for a problem is if the car is delayed beyond the 60 days that they can normally hold the rates. Incentives are normally delivery driven, so if one is set to lapse prior to the retail delivery (signing the agreement/lease) then you might lose it. At this time of year , incentives and rates usually stay flat or improve slightly. You shouldn't be concerned.