[GaoKS]

I posted this in the F80 sticky but thought I'd try my luck here as well.

Please excuse some noob questions in regards to ordering, all of my vehicles have been off the lot. For those with lots of experience ordering, I've got an allocation for an M2C and want to pick your brain, primarily, from a how the finances work, perspective.

1. Price negotiation - I saw on the sticky this is negotiated up front minus any rebates/offers. Given the car will go for MSRP, do corporate discounts need to be discussed upfront or later in the process?

2. Financing rates - when are these "locked in" am I at the mercy of whatever the best rate is when the vehicle comes in? For me this applies to both lease vs. finance decision.

3. Trade In - done at the time of purchase once the vehicle comes in correct? Has anyone traded early and had dealer keep money in escrow until the order comes in?

4. Back Out - provided no deposit is given, I have the option to back out once the car comes in without fiscal liability, correct?

5. Any other finance nuances to be aware of during this process?

[RyderSU]

Originally Posted by GaoKS

I posted this in the F80 sticky but thought I'd try my luck here as well.

Please excuse some noob questions in regards to ordering, all of my vehicles have been off the lot. For those with lots of experience ordering, I've got an allocation for an M2C and want to pick your brain, primarily, from a how the finances work, perspective.

1. Price negotiation - I saw on the sticky this is negotiated up front minus any rebates/offers. Given the car will go for MSRP, do corporate discounts need to be discussed upfront or later in the process?

2. Financing rates - when are these "locked in" am I at the mercy of whatever the best rate is when the vehicle comes in? For me this applies to both lease vs. finance decision.

3. Trade In - done at the time of purchase once the vehicle comes in correct? Has anyone traded early and had dealer keep money in escrow until the order comes in?

4. Back Out - provided no deposit is given, I have the option to back out once the car comes in without fiscal liability, correct?

5. Any other finance nuances to be aware of during this process?

1. Price negotiation is before hand. (Corporate discounts discussed at the same time).
I am discussing financing after the car comes in, but the dealer gave me a brief overview.
3. Trade-in is done when the car arrives. (they will give you a price at the time of order build and appraise it. That price will stay.)
4. I believe so(not entirely sure).
5. Make sure you have it signed. (can show example)
2.

[Vitacura]

As for #2- You can lock in the current months incentives and rates by submitting a credit app when you order the vehicle. East coast dealers get a 60 day period, while West coast dealers get 90 days before the lock expires. (That is from the end of the month you applied)

When the vehicle comes in you pick the programming from the month that serves you best, there is no mixing and matching between different months programs. (Eg. Incentive from May but Rate from June)

[DanG]

I have had a funny thing happen on item 3. The dealer wanted my car and gave me a loaner until my new car was available. So it all matters on what you are trading in and whether the dealer knows someone who is looking for your trade in.

And in my state all deposits are refundable if you decide you don’t want the car.

[GaoKS]

Originally Posted by RyderSU

1. Price negotiation is before hand. (Corporate discounts discussed at the same time).
I am discussing financing after the car comes in, but the dealer gave me a brief overview.
3. Trade-in is done when the car arrives. (they will give you a price at the time of order build and appraise it. That price will stay.)
4. I believe so(not entirely sure).
5. Make sure you have it signed. (can show example)
2.

Thanks for the response. In regards to the trade in, even though that process may take 3 months from build to arriving at dealer, the trade in price they quoted you 3 months prior still was given? In regards to the written agreement, if you wouldn't mind showing, I certainly wouldn't mind seeing it.

[GaoKS]

Originally Posted by DanG

I have had a funny thing happen on item 3. The dealer wanted my car and gave me a loaner until my new car was available. So it all matters on what you are trading in and whether the dealer knows someone who is looking for your trade in.

And in my state all deposits are refundable if you decide you don't want the car.

This was one of my larger concerns. I don't want to work through building a car only to have it come in and be miles apart on my F82. I'll be meeting with the CA next week so just wanted to be prepared to the process. In your scenario they let you keep the loaner for 2-3 months through production? Any charge?

[DanG]

Originally Posted by GaoKS

This was one of my larger concerns. I don't want to work through building a car only to have it come in and be miles apart on my F82. I'll be meeting with the CA next week so just wanted to be prepared to the process. In your scenario they let you keep the loaner for 2-3 months through production? Any charge?

No charge. It was a service loaner.

[RyderSU]

Originally Posted by GaoKS

Thanks for the response. In regards to the trade in, even though that process may take 3 months from build to arriving at dealer, the trade in price they quoted you 3 months prior still was given? In regards to the written agreement, if you wouldn't mind showing, I certainly wouldn't mind seeing it.

So they priced my car at 11,750.
They said that over 2 months (estimate time off them), that it would be $11,000 so depreciated $750 in two months, we agreed on $11,000 if the car is still in the same condition (which it is).