Re: Leasing and money factor

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Re: Leasing and money factor

pltrgyst

25 Aug 2007 22:21

>Do you know when they stop taking orders for 2008 models for example?

Probably two and a half months before the 09s are supposed to be available.

>If I'm going to wait that long, I was thinking to take advantage of
>lease incentives after the new year. But do those apply to custom
>orders?

Don't know where you're located, but the dealers around Washington DC sell
everything they are allocated. They have no on-hand new stock to sell. To them,
every sale is a custom order, and they don't care if it's lease or purchase.

-- Larry

brett

25 Aug 2007 16:56

> >> With our dealer, everything was locked in and signed at time of
> >> order. Don't know if that's universal, though.
[quoted text clipped - 8 lines]
>
> -- Larry

Do you know when they stop taking orders for 2008 models for example?
I know lease incentives for the new models are running in the spring.
I'm just not sure if I will order a new model before the year is out.
There is probably some cut off date.

If I'm going to wait that long, I was thinking to take advantage of
lease incentives after the new year. But do those apply to custom
orders?

Thanks,
Brett

pltrgyst

24 Aug 2007 15:11

>> With our dealer, everything was locked in and signed at time of
>> order. Don't know if that's universal, though.
>
>I confirmed my local dealer does it the same way. Were you concerned
>about the rate dropping by the time the car reached you?

Why would I have cared? Our contract called for a fixed price in dollars, with
the contract effective on the date when we picked up the car in Munich. Nothing
that happened in the two months between signing the contract and accepting the
car could have any effect on what we paid.

-- Larry

brett	24 Aug 2007 03:34
> >....Is that negotiation done at the time of signing or > >once the car comes in? If the dealer shows me monthly cost during [quoted text clipped - 8 lines] > > -- Larry I confirmed my local dealer does it the same way. Were you concerned about the rate dropping by the time the car reached you? Brett

pltrgyst

24 Aug 2007 01:12

>....Is that negotiation done at the time of signing or
>once the car comes in? If the dealer shows me monthly cost during
[quoted text clipped - 3 lines]
>won't know if he did it or if it was natural and don't have any
>control over that part. Can anyone comment on how it works?

With our dealer, everything was locked in and signed at time of
order. Don't know if that's universal, though.

-- Larry

brett

23 Aug 2007 00:21

>From what I can tell, negotiating a price and the money factor, which

you don't have control over, are the only two variables with a lease.
I plan to order a configured car, which will take about two months to
come in. During those two months the money factor can fluctuate. How
much can it fluctuate though?

The way pre ordering works is that you put up $1000. That goes toward
a down payment. Say the MSRP is $35000 and I negotiate $34600, a very
practical price. Is that negotiation done at the time of signing or
once the car comes in? If the dealer shows me monthly cost during
signing using the current money factor, those cost won't be valid once
the car arrives...since the new money factor will be used. The dealer
could then increase the money factor even if it actually goes down. I
won't know if he did it or if it was natural and don't have any
control over that part. Can anyone comment on how it works?

Thanks,
Brett

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