Thread: Rate Lock
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      01-15-2020, 09:29 AM   #18
Wxnatscaps
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Drives: 2020 X5 40i Arctic Grey
Join Date: Jun 2019
Location: Northern Virginia

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Quote:
Originally Posted by FishJ View Post
Interesting thread, great conversation.

So I have a X5 2020 on order, and I signed my quote sheet first week of December. I expect the car will show up end of Feb. Since then the BMW interest rates on leases have dropped 1%. I feel I should be able to negotiate the final contract with the new rates in place.

I assume I am correct? This is my first time ordering a car from factory.
Yes, you are correct. You get the best of both worlds when locking - if rates/incentives worsen when you "sign", you keep the more favorable rates/incentives. If they improve, you can get the better rates/incentives.
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