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Money Factor Lock in question
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07-12-2007, 04:15 PM | #1 |
“One finds limits by pushing them”
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Money Factor Lock in question
My dealer said the money factor is locked in for 90 days. This being said from the time the contract is signed, to when: the car is actually on US soil, production is finished, or at the dealership?
It's probably the latter right? Thanks
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07-12-2007, 04:21 PM | #2 |
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Drives: 328Xi Coupe
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I think they have more leeway than they let on. I had a bit of a rough sales experience with things going wrong at various points, so my dealer was put in the position of trying to make me happy several times. I was quoted a money factor of .00160 on March 21st via email and over 3 months later on June 27th when I picked up the car they were able to give me that rate.
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07-12-2007, 05:33 PM | #3 |
Cook
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This is done just incase the money factor goes up on you. If it goes down, then you would benefit with the lower rate. However, if it goes up, you are still locked in with the money factor and residual you made your deal with. It is locked in until you take delivery.
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07-12-2007, 09:37 PM | #4 |
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Thanks
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Street Bike: Honda Grom. Track Bikes: 02 SV650/09 R6 "It is a shame for a man to grow old without seeing the beauty and strength of which his body is capable" |
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07-12-2007, 10:16 PM | #5 |
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hmm.. i didnt sign a contract, just an order form with the payment details etc on it. is that enough for locking the rate.. they ran the credit etc as well... car is due in next week
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