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      02-07-2007, 04:01 PM   #1
steve92
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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

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      02-07-2007, 04:03 PM   #2
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I believe all that you mentioned are part of the ED deal....you could check with BMW Financial, if still in doubt.
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      02-07-2007, 04:26 PM   #3
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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
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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
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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
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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
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Is the 2nd month payment just on leases or for purchase loans also?
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      02-07-2007, 08:52 PM   #8
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just leases
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      02-07-2007, 09:12 PM   #9
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Quote:
Originally Posted by theroyalwe View Post
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
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      02-08-2007, 12:59 PM   #10
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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

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      02-14-2007, 09:48 PM   #11
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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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