Hi
If I sign the deal on a ED delivery car, do I need to lock in the money factor at that time, or can I do that later?
The trend seems to be that the money factor is going down as the year progresses. But at the same time I do not want the MF to go up.....
How have you guys solved this?
I am closing the deal Thursday (but do not take delivery until July 29th in Munich) morning so I would appreciate some input.
Thanks,
David
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| Reply » Lock in money factor |
Would appreciate some guidance, I am finalizing the deal tomorrow!!
Thanks,
David
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| Reply » Lock in money factor |
Quote: Would appreciate some guidance, I am finalizing the deal tomorrow!!
Thanks,
David |
You can lock the rate now. It's good for 60 days. If it goes down, you'll get the lower rate.
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| Reply » Lock in money factor |
Quote: | You can lock the rate now. It's good for 60 days. If it goes down, you'll get the lower rate. | The rate lock may be for longer than 60 days. The rule reads that the rate lock
is valid for 60 days following the expiration of the rate bulletin under which the
approval was granted.
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| Reply » Lock in money factor |
Quote: The rate lock may be for longer than 60 days. The rule reads that the rate lock
is valid for 60 days following the expiration of the rate bulletin under which the
approval was granted. |
Oh ok thanks for correcting me Jon.
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| Reply » Lock in money factor |
Quote: | Oh ok thanks for correcting me Jon. | Sorry, I wasn't trying to correct you, but rather clarify; I've seen rate locks last
as long as 150 days...
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Lock in money factor