[shag]

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!

[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

[shag]

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?

[bobblehead]

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.