Euro delivery lease question

steve92 · 02-07-2007, 04:01 PM

I have a 335i coupe now on the water after picking it up in january. The question is, I had heard that since I leased the car from BMW financial that they would make one payment on the lease since it is 2 months between pick and re-delivery. Has anyone heard of this or is this something that had to be negotiated. Also this was the reason I thought that the money factor was .0030 higher on a ed car.

Thanks

steve92

KL2DC · 02-07-2007, 04:03 PM

I believe all that you mentioned are part of the ED deal....you could check with BMW Financial, if still in doubt.

Aristanet · 02-07-2007, 04:26 PM

Irv told me the same thing...BMW will make your second lease payment for you.

IrvRobinson · 02-07-2007, 06:05 PM

Yes, BMW will make the second lease payment because of the 6 week wait for redelivery and approx. 8 weeks for the west coast.

mr3cho · 02-07-2007, 06:42 PM

Is the destination charge ($695) part of the price (I think called cap cost) that is leased?

I am looking at about $40k price, not including tax, title, lic. What should I be looking at as far as a lease payment with 36mo and 10k mi/yr using whatever BMW's standard mf rate?

nevermind, according to BMW's web...with $2500 down on $40k...the est. monthly is $480.

theroyalwe · 02-07-2007, 08:26 PM

don't forget to estimate tax

usually at lease inception you pay first month payment, security deposit, bank fee/acquisition fee and tag/title fees. the destination charge is always included in the MSRP of the vehicle.

check the lease tax rates in your state. in PA our normal sales tax is 6% but lease tax is 9%. give or take about $20

FieldS · 02-07-2007, 08:35 PM

Is the 2nd month payment just on leases or for purchase loans also?

4-series · 02-07-2007, 08:52 PM

just leases

mr3cho · 02-07-2007, 09:12 PM

Quote:

Originally Posted by theroyalwe

don't forget to estimate tax

usually at lease inception you pay first month payment, security deposit, bank fee/acquisition fee and tag/title fees. the destination charge is always included in the MSRP of the vehicle.

check the lease tax rates in your state. in PA our normal sales tax is 6% but lease tax is 9%. give or take about $20

ouch, 3% difference in PA.

according to an article on edmunds.com i just found, for california, it is the same as sales tax. article and dmv site says 8.25% ...although i thought my local tax was 8.75%...so maybe it is CA 8.25% + local tax. well im just trying to figure ballpark numbers

steve92 · 02-08-2007, 12:59 PM

I called bmw financial yesterday and the woman was unaware of what I was talking about, in regards to bmw making the second payment. I have now made the second payment as it was billed and then drafted. She said that she did not see it in the contract and it sounded like something I should of negotiated with the dealer.

thanks to everyone

steve

Laguna · 02-14-2007, 09:48 PM

yea i have read numerous places that BMW pays for your second payment.... question is, is that "auto paid" by them or do you pay it and then get reimbursed? i see you already sent payment.... but you should get reimbursed or have that applied to 3rd months payment then

02-07-2007, 04:01 PM	#1
steve92 New Member 4 Rep 22 Posts Drives: 2007 335i coupe Join Date: Oct 2006 Location: murrieta iTrader: (0)	Euro delivery lease question I have a 335i coupe now on the water after picking it up in january. The question is, I had heard that since I leased the car from BMW financial that they would make one payment on the lease since it is 2 months between pick and re-delivery. Has anyone heard of this or is this something that had to be negotiated. Also this was the reason I thought that the money factor was .0030 higher on a ed car. Thanks steve92
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02-07-2007, 04:03 PM	#2
KL2DC Moderator 326 Rep 17,767 Posts Drives: F36 428i,E90 328i, E85 Z4 3.0i Join Date: Jan 2006 Location: DC Metro iTrader: (23) Garage List 2015 F36 428i [0.00] 2011 E90 328i [0.00] 2006 E85 Z4 3.0i [0.00]	I believe all that you mentioned are part of the ED deal....you could check with BMW Financial, if still in doubt. __________________ Official DC Metro Registry - Current, New & Prospective Area Members Roll Call!
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02-07-2007, 04:26 PM	#3
Aristanet Private 0 Rep 62 Posts Drives: 335i Join Date: Jan 2007 Location: New York iTrader: (0)	Irv told me the same thing...BMW will make your second lease payment for you.
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02-07-2007, 06:05 PM	#4
IrvRobinson Banned 39 Rep 731 Posts Drives: X3 Join Date: Jul 2006 Location: Chicago iTrader: (0)	Yes, BMW will make the second lease payment because of the 6 week wait for redelivery and approx. 8 weeks for the west coast.
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02-07-2007, 06:42 PM	#5
mr3cho Private 2 Rep 78 Posts Drives: '98 Spyder Join Date: Feb 2007 Location: MDR iTrader: (0)	Is the destination charge ($695) part of the price (I think called cap cost) that is leased? I am looking at about $40k price, not including tax, title, lic. What should I be looking at as far as a lease payment with 36mo and 10k mi/yr using whatever BMW's standard mf rate? nevermind, according to BMW's web...with $2500 down on $40k...the est. monthly is $480.
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02-07-2007, 08:26 PM	#6
theroyalwe BMW CA 5 Rep 304 Posts Drives: MINI, all BMW's Join Date: Feb 2007 Location: SE PA iTrader: (0)	don't forget to estimate tax usually at lease inception you pay first month payment, security deposit, bank fee/acquisition fee and tag/title fees. the destination charge is always included in the MSRP of the vehicle. check the lease tax rates in your state. in PA our normal sales tax is 6% but lease tax is 9%. give or take about $20
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02-07-2007, 08:35 PM	#7
FieldS Registered 0 Rep 2 Posts Drives: NONE Join Date: Feb 2007 Location: MD, USA iTrader: (0)	Is the 2nd month payment just on leases or for purchase loans also?
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02-07-2007, 08:52 PM	#8
4-series The best BMW ever! 10 Rep 246 Posts Drives: BMW 335i Coupe Join Date: Oct 2006 Location: South Bay, CA iTrader: (0)	just leases __________________ 335i Coupe, Jet Black, Black Leatherette, Sport Package, Step Auto, Paddle Shifters, Comfort Access, Brushed Aluminum Trim, Park Distance Control, BMW Assist + Bluetooth, Navigation + i-drive *Mods: GP Thunder 8500K Angel eyes, Xenonmatch Fogs, MTEC* *Turning lights*
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02-08-2007, 12:59 PM	#10
steve92 New Member 4 Rep 22 Posts Drives: 2007 335i coupe Join Date: Oct 2006 Location: murrieta iTrader: (0)	still unsure I called bmw financial yesterday and the woman was unaware of what I was talking about, in regards to bmw making the second payment. I have now made the second payment as it was billed and then drafted. She said that she did not see it in the contract and it sounded like something I should of negotiated with the dealer. thanks to everyone steve
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02-14-2007, 09:48 PM	#11
Laguna Private 3 Rep 80 Posts Drives: M3 Join Date: Jan 2007 Location: DFW iTrader: (2)	yea i have read numerous places that BMW pays for your second payment.... question is, is that "auto paid" by them or do you pay it and then get reimbursed? i see you already sent payment.... but you should get reimbursed or have that applied to 3rd months payment then
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