Lease Over In 2 Months... When To Start Getting #s?

hl0m4n · 10-13-2009, 04:57 PM

my lease is up in 2 months (decemeber), when should i start getting finance info, etc? november? if i find a good deal now can i sign 2 months early on the finance?

help much appreciated. thanks.

Sp82 · 10-13-2009, 05:06 PM

now...

doggiedog · 10-13-2009, 05:10 PM

I took me 6 weeks to get my 335i. Unless you don't mind picking stuff out of dealer inventory, I would do it now as well.

huan42 · 10-13-2009, 06:58 PM

OP, are you going to lease again or purchase ? Check and see if they have pull ahead program. You can lock in the rate now if you have the best deal. Time - end of year, economy etc - work in your favor now.
Good Luck

jopa489 · 10-13-2009, 07:47 PM

They might forgive your next couple of months to get you into a new car today. Start scouting inventory, if there's something you like out there it's worth talking to your SA to see what he can do.

Either that, or get the numbers nailed down and order placed for the new one if you're custom ordering it.

cloakster · 10-13-2009, 07:56 PM

Most of the time they will cover your last few payments as incentive to get you to sign the papers that day.

Also, the earlier you start decided the less decisions that you will regret after signing the papers :P (Happens with most things i buy)

SteveMD · 10-13-2009, 08:25 PM

If you are ordering a car to be built, you need to be in there between now and the end of the month since it typically takes 8 weeks. Get a good deal and order it. You will need a $500 deposit.

You can lock in October's rates which are here: http://bimmerfest.com/forums/showthread.php?t=402851 and if they improve befroe delivery, you can use those instead.

You will not need a security deposit, nor will you pay a disposition fee so you should get your original deposit back.

Good luck getting them to eat a payment or two. It's never happened for me.

If you time it right, the new one should come in just before your lease is over. If not, BMWFS will allow you to lease month to month for up to 6 months if you have a car on order but... you have to call and tell them. If you don't, you will be seeing the repo man in your driveway.

I extended my last lease two months since the car was built in SA and took forever to get to NJ.

hl0m4n · 10-13-2009, 11:13 PM

thanks for the info guys...i guess i wasn't specific enough but i want to finance the car after my lease. so my question is when should i start getting finance numbers from dealers?

Pecty · 10-14-2009, 07:48 AM

Similar situation, my lease is up in January, just wondering if anyone has used the points from a BMW Visa to pay for mileage overages or charges or anything like that. I have a small ding, probably smaller than a dime that I just noticed, I asked about it and they told me that would be looked at when I turned the car in. Anyone use points on their card for end of lease stuff? Just wondering if it would be worth fixing now, are they going to ask for eleventy billion points to fix it or is it something they are going to barely worry about.

Thanks All,

FotiosF90M5 · 10-14-2009, 08:41 AM

100% today. right now. I had my last three months paid for including a great deal for buyout.

Angry3 · 10-14-2009, 06:31 PM

Quote:

Originally Posted by hl0m4n

thanks for the info guys...i guess i wasn't specific enough but i want to finance the car after my lease. so my question is when should i start getting finance numbers from dealers?

Honestly I'm surprised nobody from your selling dealer has contacted you yet. Usually dealers start calling lessees that are coming due about 90 days out to try to get them into the dealer to look at a replacement.

No need to speculate on the buyout amount, it's right in your lease contract, or you can get it off of the BMW website. You dealer may or may not offer you a better price, the CPO market is hot and the buyout pricing structure has changed. Finance wise you can either go on your own through your own lender, or see if BMWFS has any financing specials that would apply if your car was CPOed. You will pay extra for that reconditioning/warranty of course.

Strategy wise, when my lease is up I will let them know that I plan to turn the car in, that I have no interest in leasing another BMW, and that I might consider a buyout depending on the numbers (with the CPO certification, no way in hell would I own a twin-turbo BMW without a warranty). Your dealer isn't going to offer you a good deal if he knows you've already decided to buy the car out, you need to make them work for your business. Even if you do if the dealer needs inventory and/or you have a car that's in a saleable color and options they may not budge on the buyout amount, it all depends on the circumstances.

Anyway, good luck with things.

10-13-2009, 04:57 PM	#1
hl0m4n Major General 2309 Rep 5,627 Posts Drives: BMW Join Date: Nov 2006 Location: NY iTrader: (58)	Lease Over In 2 Months... When To Start Getting #s? my lease is up in 2 months (decemeber), when should i start getting finance info, etc? november? if i find a good deal now can i sign 2 months early on the finance? help much appreciated. thanks. __________________ Cars: 07 335i ► 08 328i ► 11 328xi ► 13 M3 ► 17 M4 ► 14 M6
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10-13-2009, 05:06 PM	#2
Sp82 Colonel 171 Rep 2,000 Posts Drives: F15 X5/G30 5er Join Date: Feb 2006 Location: DFW, Tx iTrader: (1)	now...
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10-13-2009, 05:10 PM	#3
doggiedog Captain 38 Rep 757 Posts Drives: 09 E90 335i 6MT SG/BL Join Date: Nov 2008 Location: Fort Lee, NJ iTrader: (0)	I took me 6 weeks to get my 335i. Unless you don't mind picking stuff out of dealer inventory, I would do it now as well.
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10-13-2009, 06:58 PM	#4
huan42 Private 2 Rep 71 Posts Drives: e90, e92 Join Date: Sep 2007 Location: Midwest - USA iTrader: (2)	OP, are you going to lease again or purchase ? Check and see if they have pull ahead program. You can lock in the rate now if you have the best deal. Time - end of year, economy etc - work in your favor now. Good Luck
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10-13-2009, 07:47 PM	#5
jopa489 Major General 124 Rep 6,594 Posts Drives: Anything with Wheels Join Date: Mar 2009 Location: USA iTrader: (9)	They might forgive your next couple of months to get you into a new car today. Start scouting inventory, if there's something you like out there it's worth talking to your SA to see what he can do. Either that, or get the numbers nailed down and order placed for the new one if you're custom ordering it. __________________ X7 LCI // Incoming C7 ZR1 ZTK // Sebring + TRX // Hydro + Raptor Gen1 Roush // Tuxedo
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10-13-2009, 07:56 PM	#6
cloakster Lieutenant 34 Rep 407 Posts Drives: 2012 VW GLI Join Date: Apr 2009 Location: Toronto, Ontario iTrader: (0)	Most of the time they will cover your last few payments as incentive to get you to sign the papers that day. Also, the earlier you start decided the less decisions that you will regret after signing the papers :P (Happens with most things i buy)
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10-13-2009, 08:25 PM	#7
SteveMD Colonel 201 Rep 2,485 Posts Drives: 2016 F10 535i MSport Join Date: Dec 2005 Location: Raventown! iTrader: (3)	If you are ordering a car to be built, you need to be in there between now and the end of the month since it typically takes 8 weeks. Get a good deal and order it. You will need a $500 deposit. You can lock in October's rates which are here: http://bimmerfest.com/forums/showthread.php?t=402851 and if they improve befroe delivery, you can use those instead. You will not need a security deposit, nor will you pay a disposition fee so you should get your original deposit back. Good luck getting them to eat a payment or two. It's never happened for me. If you time it right, the new one should come in just before your lease is over. If not, BMWFS will allow you to lease month to month for up to 6 months if you have a car on order but... you have to call and tell them. If you don't, you will be seeing the repo man in your driveway. I extended my last lease two months since the car was built in SA and took forever to get to NJ. __________________ 2006 E90 330i (retired) 2009 E90 335i (retired) 2012 E70 X5 50i M Sport (retired) 2016 F10 535i M Sport
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10-13-2009, 11:13 PM	#8
hl0m4n Major General 2309 Rep 5,627 Posts Drives: BMW Join Date: Nov 2006 Location: NY iTrader: (58)	thanks for the info guys...i guess i wasn't specific enough but i want to finance the car after my lease. so my question is when should i start getting finance numbers from dealers? __________________ Cars: 07 335i ► 08 328i ► 11 328xi ► 13 M3 ► 17 M4 ► 14 M6
	Appreciate 0 Quote

10-14-2009, 07:48 AM	#9
Pecty Double Underhook Suplex 12 Rep 111 Posts Drives: 2018 F80 M3 Join Date: Jan 2007 Location: NJ iTrader: (0) Garage List 2018 F80 M3 [0.00]	Similar situation, my lease is up in January, just wondering if anyone has used the points from a BMW Visa to pay for mileage overages or charges or anything like that. I have a small ding, probably smaller than a dime that I just noticed, I asked about it and they told me that would be looked at when I turned the car in. Anyone use points on their card for end of lease stuff? Just wondering if it would be worth fixing now, are they going to ask for eleventy billion points to fix it or is it something they are going to barely worry about. Thanks All, __________________ 119x 12oz bottles of beer in six hours 1 bottle every 3 minutes Andre Rene Rousimoff aka Andre the Giant
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10-14-2009, 08:41 AM	#10
FotiosF90M5 ///M Specialist South Shore BMW 800 Rep 7,109 Posts Drives: 2021 M5 Comp BHG/Silverstone Join Date: Jan 2007 Location: South Shore, MA iTrader: (62)	100% today. right now. I had my last three months paid for including a great deal for buyout. __________________ 2021 M5 COMPETITION LCI Brands Hatch Gray on SIlverstone, carbon roof, comp wheels, Mperf splitter, carbon pro spoiler, carbon diffuser , carbon paddles, executive pkg. Dinan HAS, RaceChip, dinan spacers, FC stud kit, etc
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