First two payments

greentrbo95gst · 06-09-2013, 11:27 PM

When doing ED, BMW NA is supposed to cover the first two pmts, correct?

alexey21 · 06-10-2013, 12:35 AM

I heard only the second one. Even though I am getting billed for my second month so I might have to call em

m3m3m3 · 06-10-2013, 12:43 AM

Quote:

Originally Posted by alexey21

I heard only the second one. Even though I am getting billed for my second month so I might have to call em

They only cover the second and usually you need to call to make sure it's applied

Rohardi · 06-10-2013, 08:16 AM

You make the first payment when you take care of the financing and final paperwork prior to your trip. BMWNA takes care of the second payment. I have heard that you have to make sure they apply the payment to your account as well...

greentrbo95gst · 06-10-2013, 12:11 PM

Not sure how they calculate it, but apparently my third pmt is already due and the car is still on the boat for another 3 weeks. I spoke with BMW FS and my 1st was made on 4/27 when I signed the paperwork, picked up the car in Munich on May 10th, 2nd pmt was on May 27th and now the 3rd payment is due June 27th and I will not see the car until July 20th. Does all this sound right?

alexey21 · 06-10-2013, 01:37 PM

Yes that sounds right.

Call BMWNA just in case and explain to them the situation. Maybe they will be nice and do something for you.

Im guessing your already paying your 3rd payment soon and don't have your car yet because you live in California, which means its a lot longer for redelivery. Unless your not in California then I dont know.

greentrbo95gst · 06-10-2013, 02:58 PM

BMWNA cant do anything about the contract signed with the dealer. It's fine.
I guess it just didnt make sense to pay for the car that is not even here yet.

M54ccibo · 06-10-2013, 03:35 PM

That's normal @greentrbo95gst. I paid #1 (9/1), they paid #2 (10/1), and my 3rd payment I put up on 11/1 and the car was back mid November.

CW

greentrbo95gst · 06-10-2013, 09:15 PM

Quote:

Originally Posted by M54ccibo

That's normal @greentrbo95gst. I paid #1 (9/1), they paid #2 (10/1), and my 3rd payment I put up on 11/1 and the car was back mid November.

CW

I feel better now.

PatrickC23 · 06-10-2013, 09:24 PM

Is this for leases only?

Rohardi · 06-10-2013, 09:50 PM

Quote:

Originally Posted by PatrickC23

Is this for leases only?

Lease or finance with BMWFS

m3m3m3 · 06-10-2013, 10:02 PM

Quote:

Originally Posted by greentrbo95gst

Not sure how they calculate it, but apparently my third pmt is already due and the car is still on the boat for another 3 weeks. I spoke with BMW FS and my 1st was made on 4/27 when I signed the paperwork, picked up the car in Munich on May 10th, 2nd pmt was on May 27th and now the 3rd payment is due June 27th and I will not see the car until July 20th. Does all this sound right?

That's right. Only thing is next time try to sign your lease closer to your pickup date. Because you ended up paying almost half a month of lease but didn't pick up the car yet..

I signed mine 5 days before munich pickup...

PatrickC23 · 06-10-2013, 10:04 PM

Quote:

Originally Posted by Rohardi

Lease or finance with BMWFS

How did I miss this? When did they start to cover payments for ed?

greentrbo95gst · 06-10-2013, 10:09 PM

They've always been doing it, but I believe your dealer needs to disclose it to you.

M54ccibo · 06-11-2013, 10:45 AM

Quote:

Originally Posted by m3m3m3

That's right. Only thing is next time try to sign your lease closer to your pickup date. Because you ended up paying almost half a month of lease but didn't pick up the car yet..

I signed mine 5 days before munich pickup...

Yes, true that you want to sign as close as possible, however, most dealers will ask to sign 10 days prior. In my case, I signed 7 days before delivery...but the fact that us West coasters have an extended shipping timeline by a couple weeks we normally have our 3rd payment due prior to Stateside redelivery.

alfa159q4 · 06-11-2013, 09:51 PM

Quote:

Originally Posted by Rohardi

Lease or finance with BMWFS

My dealer told me lease only? Is he lying?

Rohardi · 06-11-2013, 09:57 PM

Quote:

Originally Posted by alfa159q4

My dealer told me lease only? Is he lying?

I could be wrong, but I think its both l finance...

alfa159q4 · 06-11-2013, 10:02 PM

Quote:

Originally Posted by Rohardi

I could be wrong, but I think its both l finance...

Tell me you are right

m3m3m3 · 06-12-2013, 03:39 PM

Quote:

Originally Posted by alfa159q4

Tell me you are right

I'm pretty sure it is lease only since for ED BMW marks up the money factor but they pay the 2nd month, so it's is pretty close in terms of overall dollars

06-09-2013, 11:27 PM	#1
greentrbo95gst Brigadier General 1229 Rep 4,104 Posts Drives: 21 M5 Comp Join Date: Jan 2011 Location: Orange County iTrader: (6)	First two payments When doing ED, BMW NA is supposed to cover the first two pmts, correct? __________________ Current: 21 M5 Comp, 17 X5M, 06 M3, 14 Ferrari FF, Tesla Model S Performance.
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06-10-2013, 08:16 AM	#4
Rohardi Lieutenant 19 Rep 505 Posts Drives: 2014 Q50S Hybrid Join Date: Apr 2012 Location: Rhode Island iTrader: (0)	You make the first payment when you take care of the financing and final paperwork prior to your trip. BMWNA takes care of the second payment. I have heard that you have to make sure they apply the payment to your account as well...
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06-10-2013, 12:11 PM	#5
greentrbo95gst Brigadier General 1229 Rep 4,104 Posts Drives: 21 M5 Comp Join Date: Jan 2011 Location: Orange County iTrader: (6)	Not sure how they calculate it, but apparently my third pmt is already due and the car is still on the boat for another 3 weeks. I spoke with BMW FS and my 1st was made on 4/27 when I signed the paperwork, picked up the car in Munich on May 10th, 2nd pmt was on May 27th and now the 3rd payment is due June 27th and I will not see the car until July 20th. Does all this sound right? __________________ Current: 21 M5 Comp, 17 X5M, 06 M3, 14 Ferrari FF, Tesla Model S Performance.
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06-10-2013, 01:37 PM	#6
alexey21 Lieutenant 60 Rep 422 Posts Drives: Turbo Join Date: Apr 2012 Location: Philly iTrader: (0)	Yes that sounds right. Call BMWNA just in case and explain to them the situation. Maybe they will be nice and do something for you. Im guessing your already paying your 3rd payment soon and don't have your car yet because you live in California, which means its a lot longer for redelivery. Unless your not in California then I dont know.
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06-10-2013, 02:58 PM	#7
greentrbo95gst Brigadier General 1229 Rep 4,104 Posts Drives: 21 M5 Comp Join Date: Jan 2011 Location: Orange County iTrader: (6)	BMWNA cant do anything about the contract signed with the dealer. It's fine. I guess it just didnt make sense to pay for the car that is not even here yet. __________________ Current: 21 M5 Comp, 17 X5M, 06 M3, 14 Ferrari FF, Tesla Model S Performance.
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06-10-2013, 12:35 AM	#2
alexey21 Lieutenant 60 Rep 422 Posts Drives: Turbo Join Date: Apr 2012 Location: Philly iTrader: (0)	I heard only the second one. Even though I am getting billed for my second month so I might have to call em
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06-10-2013, 03:35 PM	#8
M54ccibo Major 85 Rep 1,489 Posts Drives: '16 GT4 Join Date: Apr 2012 Location: Orange County, CA iTrader: (0)	That's normal @greentrbo95gst. I paid #1 (9/1), they paid #2 (10/1), and my 3rd payment I put up on 11/1 and the car was back mid November. CW __________________ Current: '16 GT4 Past ///Ms: '13 F10 M5, Alpine Weiss III/Sakhir Orange Full '10 E60 M5, Space Gray/Black
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06-10-2013, 09:24 PM	#10
PatrickC23 Colonel 183 Rep 2,245 Posts Drives: '16 991.1 911 GTS, '16 F85 X5M Join Date: Apr 2012 Location: NNJ iTrader: (0) Garage List 2013 BMW ///M5 [0.00]	Is this for leases only?
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06-10-2013, 10:09 PM	#14
greentrbo95gst Brigadier General 1229 Rep 4,104 Posts Drives: 21 M5 Comp Join Date: Jan 2011 Location: Orange County iTrader: (6)	They've always been doing it, but I believe your dealer needs to disclose it to you. __________________ Current: 21 M5 Comp, 17 X5M, 06 M3, 14 Ferrari FF, Tesla Model S Performance.
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