Dealer says no to outside lease co.
06-12-2007, 06:54 AM
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The current MF for the M5 is horrible at 0.0032. Right now LeaseCompare has 2 companies offering lower rates, with one as low as 0.00225. However, my dealer says they are not authorized to use outside lease companies. Is this a BMW policy or is the dealer trying to tie me into a higher payment?
06-12-2007, 10:33 AM
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My Ride: 2005 545i SMG, Sapphire Black/Tan, Sport Package, Cold Weather Package, NAV, Comfort Seats, Satellite Radio, Premium Sound, Sunshades
My understanding is that the outside lease company is purchasing the vehicle and then you lease it from them. Assuming that is correct, I don't see how the dealer has any say as long as they get paid the negotiated purchase price for the car. I would contact leasecompare and get their take, but I think your salesperson is full of it (what a surprise).
06-12-2007, 10:44 AM
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My Ride: 2007 E63 AMG | Obsidian Black | Schwarzes Nappa | Black BirdEye Maple | Premium II Package | Electronic Trunk Closer | Parktronic
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MBX5 is correct. Go and have leasecompare buy the M5 and you then lease from them. FYI, the MF on a M5/M6 is always horrible with BMWFS. You'll rarely ever see it drop from .0032
06-12-2007, 08:00 PM
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My Ride: M3 Convertible
Originally Posted by MBX5' post='435019' date='Jun 12 2007, 01:33 PM
My understanding is that the outside lease company is purchasing the vehicle and then you lease it from them. Assuming that is correct, I don't see how the dealer has any say as long as they get paid the negotiated purchase price for the car. I would contact leasecompare and get their take, but I think your salesperson is full of it (what a surprise).
1) Threaten to give them a bad survey. Surveys are very important and this should get their attention.
2) Go ahead and sign their lease agreement and then immediately have LeaseCompare.com pay it off and re-lease it using their better program. (this works best if you are in a state where the sales tax is on the monthly payment).
Here is a list of dealers that you may want to avoid.
Barrier Porsche, Bellevue, WA
BMW of Seattle, Seattle, WA
Capitol Honda, San Jose, CA
Carlsen Porsche, Redwood City, CA
Cherry Hill Toyota, Cherry Hill, NJ
David J Phillips, Laguna Hills, CA
Desert European Motorcars, Rancho Mirage, CA
Dreyer & Reinbold Mini & BMW, Indianapolis, IN
Esserman Volkswagen, Miami, FL
Hoehn Porsche, Carslbad, CA
Honda World Downey, Downey, CA
Kemp Ford, Thousands Oaks, CA
Les Stanford Chevrolet, Dearborn, MI
Lexus of Seattle, Lynwood, WA
Mini of Concord, Concord, CA
Montclair Volvo, Montclair, NJ
Pence Chrysler Dodge Jeep, Ashland, VA
Pitre GMC, Scottsdale, AZ
Rector Motor Car Company, Burlingame, CA
San Francisco BMW, San Francisco, CA
Smyth European, San Jose, CA
Stevens Creek Acura, Santa Clara, CA
South Motors BMW, Miami, FL
Stevens Creek Porsche Audi, San Jose, CA
Town & Country Chrysler, Seattle, WA
Wilson Automotive Group, Orange, CA
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