[kobechrome]

This is my own bonehead move - if I signed leasing papers tonight based on a different money factor that was discussed during negotiations - do I have any recourse (they put the money factor as a "rent charge" on the leasing paper)?

[marseille82]

Let get this right: You negotiated a MF few month back, but when you actually signed the papers they used the current one??
If that is what you mean, your negotiated MF should've been locked for 60 days (or 90 days in West Coast) when you got approved for the loan by BMWFS. So if you applied let's say in November and it was .00135, it should have been good for 60 or 90 days. But then January it's time to sign, and the MF is .00130, they should use .00130 because it's lower.

I'm no expert but that's how I understands it.

[kobechrome]

Thanks - this helps. I went to talk to them this morning and its been corrected.

[chrisny]

You don't negotiate a money factor. You negotiate a purchase price, BMW FS sets the promotions each month, including money factor and residual rate. These can change each month with the new program. When you put in your credit application, you're locked in for 60 days, as stated above. If that expires, you have to put in new credit app and lock in new rates. If the promotion gets better by the time of delivery, you can also use the new, better rate even if your rate lock hasn't expired.

Did your payment, due at signing, or residual change from the price you were quoted when you negotiated the deal? That's really all that matters.