E90Post
 


TNT Racewerks
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > Canada > Lease rate protection



Reply
 
Thread Tools Search this Thread
      08-28-2013, 11:57 AM   #1
shag
The Black Wagon Man
shag's Avatar
Canada
10
Rep
460
Posts

 
Drives: '14 328xdT M Sport
Join Date: Jan 2008
Location: Canada

iTrader: (0)

Lease rate protection

Hi there,

Can someone explain to me how lease rate protection works when one orders a car from the factory? Obviously there is a freeze on both the residual value & APR, but what if both go down? Will I keep the old residual value with the new APR, or is it the lowest final payment? If the order is made in Aug but the car is delivered in Oct, if Sept numbers are better, will I get that deal? I've had different answers depending on the CA/dealer...

Thanks!
__________________

'14 328d xDrive Touring M Sport, BSM/CR.
Appreciate 0
      08-28-2013, 02:45 PM   #2
bobblehead
Brigadier General
bobblehead's Avatar
Canada
49
Rep
3,758
Posts

 
Drives: warp speed
Join Date: Aug 2009
Location: Toronto, On

iTrader: (0)

usually, bmw canada does not adjust the rate & residual value for the 1st 3 months for the new model year,ie. '14, therefore, by the time you actually have your car, the rates & residual will likely remain unchanged. The next change for interest rate and residual will most likely happen in December
Appreciate 0
      08-28-2013, 03:35 PM   #3
shag
The Black Wagon Man
shag's Avatar
Canada
10
Rep
460
Posts

 
Drives: '14 328xdT M Sport
Join Date: Jan 2008
Location: Canada

iTrader: (0)

Quote:
Originally Posted by bobblehead
usually, bmw canada does not adjust the rate & residual value for the 1st 3 months for the new model year,ie. '14, therefore, by the time you actually have your car, the rates & residual will likely remain unchanged. The next change for interest rate and residual will most likely happen in December
I know that but you're not quite answering the question... Besides, I am talking about a Touring which is available since May I believe?

In case it does happen, how does it work - does one keep their residual value but get the lower APR?
__________________

'14 328d xDrive Touring M Sport, BSM/CR.
Appreciate 0
      08-28-2013, 05:35 PM   #4
bobblehead
Brigadier General
bobblehead's Avatar
Canada
49
Rep
3,758
Posts

 
Drives: warp speed
Join Date: Aug 2009
Location: Toronto, On

iTrader: (0)

well, the best is to put that in writing that says you are entitled to the better residual and interest rate on either the date of signing and the date of delivery.
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 12:52 AM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST