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01-20-2010, 12:45 AM | #1 |
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putting deposit on F10
what do you think of putting $2000 deposit down on a new F10 535xi ? good idea or bad idea? my 2007 E92 335 lease is coming to an end this feb, I called my dealer and they told me if I put $2000 deposit for a new car they would renew my lease for another 6 months. what do you guys think ?
Thanks. Last edited by shipill; 01-20-2010 at 01:57 AM.. |
01-20-2010, 01:28 AM | #2 |
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Well their request for a deposit in the meantime makes sense. They are willing to extend your lease, so it's understandable that they would want to make sure you keep your word on buying a 5 (or something else) afterwards.
This won't get you an accurate understanding, but I'd consider driving a 2010 535xi and a 750i to get a potential possible feel for the new 5. At least you'll get a feeling, somewhat. |
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01-20-2010, 08:21 PM | #3 |
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$2,000 is too much. $500 is reasonable. Negotiate the deal on X dollars over invoice plus the new lease at the BMW Buy Rate.
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01-20-2010, 11:20 PM | #4 |
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any of us can have our lease extended by BMW Financial, so the dealer is not doing you any special favors. So why would you put a deposit down on a car again? Keep your money, get the extension on your lease and when you are ready to buy or lease, negotiate your best deal, I usually go out to several BMW dealers in my area via internet, tell them what i want and what i want to pay over invoice. Then let them respond. Consider Euro Del, nice little discount of about 7%.
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01-21-2010, 12:44 AM | #5 |
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Really? I'm sorry for the information then. A few years back my dad wanted to do exactly that, and he had to put a deposit down. Perhaps BMW FS Canada and NA are different.
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01-21-2010, 05:28 PM | #6 |
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bdardashti you are 100 % correct. You can extend your lease with BMWFS as long as you have a production or order number on a new BMW.
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