[meechy6ix0]

Has anyone successfully taken delivery after their rate lock expired and got their original rate at the time of order due to QC/other delay?

I ordered in September at .00093 and now I hear the rate is .00158 which is completely ridiculous. Especially since it was luck of the draw on who gets delayed, as other cars orders in November and December ARE ALREADY delivered.

[vj123]

There were reports that your dealer could contact corporate and request an extension so that original rate could be honored.

[modat]

Originally Posted by vj123

There were reports that your dealer could contact corporate and request an extension so that original rate could be honored.

My dealer said they would do that for me. Lets see what happens when I take delivery.

As a backup, I got approved through penfed and plan on brining that check to the dealership when I take delivery.

[meechy6ix0]

Originally Posted by vj123

There were reports that your dealer could contact corporate and request an extension so that original rate could be honored.

I'm hearing the same, was hoping there would be cases of it happening already. Keeping finger's crossed. The rate increase is potentially going to cost near $4000.

[meechy6ix0]

Originally Posted by modat

My dealer said they would do that for me. Lets see what happens when I take delivery.

As a backup, I got approved through penfed and plan on brining that check to the dealership when I take delivery.

My dealer said they would try, let's see what happens!

[adr_M3]

I asked my CA today and he said they reached out to BMW but were told that they could not go beyond the 120 day rate lock. Anticipating this, I've secured a more competitive rate with a local LA credit union.

[Delmoney335]

Originally Posted by meechy6ix0

Has anyone successfully taken delivery after their rate lock expired and got their original rate at the time of order due to QC/other delay?

I ordered in September at .00093 and now I hear the rate is .00158 which is completely ridiculous. Especially since it was luck of the draw on who gets delayed, as other cars orders in November and December ARE ALREADY delivered.

This was last year but I ordered March 2021 and delivery In July. They did honor the original rate .00086 back then. It had gone up to .00093 by July I believe.

[meechy6ix0]

Originally Posted by adr_M3

I asked my CA today and he said they reached out to BMW but were told that they could not go beyond the 120 day rate lock. Anticipating this, I've secured a more competitive rate with a local LA credit union.

I guess I'll be reaching out to Alaska Credit Union soon to have a backup plan.

[meechy6ix0]

Originally Posted by Delmoney335

This was last year but I ordered March 2021 and delivery In July. They did honor the original rate .00086 back then. It had gone up to .00093 by July I believe.

That's better news. By far the worst purchasing experience I've been through.

[merlin3008]

My dealer did that for me. My car was allocated in August, delayed three months due to the RAM stop sale and delivered in February. It was supposed to delivered in November. The finance manager was able to get BMWFS to honor my original money factor.

My argument was simple. I did everything right. Other cars sailed right through and it seemed to be up to BMW which cars were delayed and which were not. It's not my fault that BMW allocated a car that they didn't have the parts to complete.

Something worked. I was expecting a protracted argument, but it wound up being a nonevent.

[Delmoney335]

Originally Posted by meechy6ix0

That's better news. By far the worst purchasing experience I've been through.

Yea the situation now is a mess. So I'm not sure many dealers are willing to do any favors. Good luck !

[SpeedyATL]

It was my understanding that on a lease of an ordered car, it is your choice whether you take the lease terms when you place the order or when the car is delivered. Same with the incentives as well.

I have no experience testing this, but when I was considering leasing for my ordered CV, that is what I found.

[merlin3008]

Originally Posted by SpeedyATL

It was my understanding that on a lease of an ordered car, it is your choice whether you take the lease terms when you place the order or when the car is delivered. Same with the incentives as well.

I have no experience testing this, but when I was considering leasing for my ordered CV, that is what I found.

You are correct, but most cars are delivered within three months of ordering. In this case, you have a rate lock period. Once that expires, technically you need to reapply and take current terms.

[adr_M3]

Has anyone used PenFed's car buying service to qualify for their lowest rates with a car on order with a specific dealer? I see they're still offering 1.49% for 60 months.

[meechy6ix0]

Originally Posted by merlin3008

My dealer did that for me. My car was allocated in August, delayed three months due to the RAM stop sale and delivered in February. It was supposed to delivered in November. The finance manager was able to get BMWFS to honor my original money factor.

My argument was simple. I did everything right. Other cars sailed right through and it seemed to be up to BMW which cars were delayed and which were not. It's not my fault that BMW allocated a car that they didn't have the parts to complete.

Something worked. I was expecting a protracted argument, but it wound up being a nonevent.

I'm going to have to make that happen. Put a deposit down and everything while other cars ordered and built after just flew straight to delivery. I'm not going to pay $4000 for their mistake.