BMWFS Canada - extending lease question

bunnn · 07-21-2011, 09:28 PM

Our X5 is due for return on the last week of November, and we haven't decided on what to replace it with yet. Is it possible to extend our lease with BMW Canada without being sure that we'll be taking another BMW? Thanks in advance.

bobbyz · 07-21-2011, 09:44 PM

I'm pretty sure BMW will extend your lease ONLY if you have another BMW on order to replace it.

bunnn · 07-21-2011, 11:03 PM

I've read various things, but they are experiences from the US. It ranges from 1 week to 2 months for decision without production number, and 4 if you have a BMW replacement. I will be calling them to ask, but wanted to see if anyone had experience here. We've also leased a couple of cars from them already, maybe they we could use this.

bobblehead · 07-22-2011, 05:48 AM

Replaced with X5M

alpineweiss · 07-22-2011, 11:50 AM

The lease on our X5 was extended from May 2010 to Nov 2010, because we too did not know what to replace it with. Six months is the maximum as we were told and we never made a promise that we would replace it with another BMW.
Then in December, with no SUV, we went to the dealer and ordered one of the first new X3.

Jaypod · 07-22-2011, 11:56 AM

Best to just give them a call Ben.

I know of two instances where people extended their leases (cant remember the exact amount of time), with no commitment to buy another BMW. 1 ended up buying the lease out, the other bought a Range Rover. This was a few years back so not sure if anything has changed.

STALKER · 07-22-2011, 12:19 PM

I have extended mine twice on previous cars. No issues and no BMW on order at the time. This was a few years back, so not sure if they have changed their policy at all.

bobbyz · 07-22-2011, 12:23 PM

Wow. Did you guys call BMW financial directly to arrange the extention, or did your dealer take care of it for you?

Vise · 07-22-2011, 01:00 PM

Lease extensions are pretty normal actually, its even one of the options offered by BMW FS as part of their lease end package. Call your dealer or BMW FS directly, they`ll hook you up.

bobbyz · 07-22-2011, 01:10 PM

Quote:

Originally Posted by Vise

Lease extensions are pretty normal actually, its even one of the options offered by BMW FS as part of their lease end package. Call your dealer or BMW FS directly, they`ll hook you up.

No Longer part of "the package"..just got my package for my M3 that expires Feb. 1st...surprised the package came so early. The new loyalty sales pitch is they want to get you out 3 months early no charge and into a new BMW.

Vise · 07-22-2011, 02:41 PM

My bad, must have been thinking about my wife`s lease end package for her Mercedes from earlier this year. Although I`m sure BMW FS would still do something if you wanted to extend your lease, they`ll always take your money whenever possible.

bunnn · 07-22-2011, 07:17 PM

Thanks for the advice guys. Unfortunately, as tempting as the x5m is, it's essentially the same car with a bigger engine. We looked at some alternatives, and right now the '12 Cayenne S is at the top of our list; there's a huge waitlist on these though. I will call BMW FS and find out Monday. Thanks again.

07-21-2011, 09:28 PM	#1
bunnn Colonel Drives: like a grandma Join Date: May 2009 Location: Toronto Posts: 2,199 iTrader: (12)	BMWFS Canada - extending lease question Our X5 is due for return on the last week of November, and we haven't decided on what to replace it with yet. Is it possible to extend our lease with BMW Canada without being sure that we'll be taking another BMW? Thanks in advance. __________________ Cheers Ben
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07-21-2011, 11:03 PM	#3
bunnn Colonel Drives: like a grandma Join Date: May 2009 Location: Toronto Posts: 2,199 iTrader: (12)	I've read various things, but they are experiences from the US. It ranges from 1 week to 2 months for decision without production number, and 4 if you have a BMW replacement. I will be calling them to ask, but wanted to see if anyone had experience here. We've also leased a couple of cars from them already, maybe they we could use this. __________________ Cheers Ben

07-22-2011, 11:56 AM	#6
Jaypod BimmerPost Supporting Vendor Drives: Frozen M3 Join Date: Nov 2008 Location: Toronto Posts: 4,681 iTrader: (7)	Best to just give them a call Ben. I know of two instances where people extended their leases (cant remember the exact amount of time), with no commitment to buy another BMW. 1 ended up buying the lease out, the other bought a Range Rover. This was a few years back so not sure if anything has changed. __________________ \| Alpinestars \| OMP \| HANS \| Pagid \| AiM \| Stilo \| JRZ \| Brembo \| Stoptech \|

07-22-2011, 12:19 PM	#7
STALKER Brigadier General Drives: 2008 E90 M3 Join Date: Feb 2009 Location: Toronto, ON Posts: 3,408 iTrader: (5)	I have extended mine twice on previous cars. No issues and no BMW on order at the time. This was a few years back, so not sure if they have changed their policy at all. __________________ 2008 AW/FR E90 M3-SOLD 2013 991 C4S-Produced, but not delivered.

07-22-2011, 01:00 PM	#9
Vise Captain Drives: E90 M3 Join Date: Feb 2006 Location: Toronto, Canada Posts: 880 iTrader: (7) Garage List 2011.75 E90 M3 [5.00]	Lease extensions are pretty normal actually, its even one of the options offered by BMW FS as part of their lease end package. Call your dealer or BMW FS directly, they`ll hook you up. __________________ Current: 2011 BMW M3 Sedan Alpine White / Fox Red Novillo Leather Past: 2008 BMW M3 Sedan Melbourne Red / Black Novillo Leather

07-21-2011, 09:44 PM	#2
bobbyz Second Lieutenant Drives: E90 M3 Join Date: Aug 2006 Location: Canada Posts: 284 iTrader: (0)	I'm pretty sure BMW will extend your lease ONLY if you have another BMW on order to replace it.

07-22-2011, 05:48 AM	#4
bobblehead Colonel Drives: warp speed Join Date: Aug 2009 Location: Toronto, On Posts: 2,545 iTrader: (0)	Replaced with X5M

07-22-2011, 11:50 AM	#5
alpineweiss Private Drives: E90 M3, F25 X3 Join Date: Nov 2007 Location: Toronto Posts: 53 iTrader: (1)	The lease on our X5 was extended from May 2010 to Nov 2010, because we too did not know what to replace it with. Six months is the maximum as we were told and we never made a promise that we would replace it with another BMW. Then in December, with no SUV, we went to the dealer and ordered one of the first new X3.

07-22-2011, 12:23 PM	#8
bobbyz Second Lieutenant Drives: E90 M3 Join Date: Aug 2006 Location: Canada Posts: 284 iTrader: (0)	Wow. Did you guys call BMW financial directly to arrange the extention, or did your dealer take care of it for you?

07-22-2011, 02:41 PM	#11
Vise Captain Drives: E90 M3 Join Date: Feb 2006 Location: Toronto, Canada Posts: 880 iTrader: (7) Garage List 2011.75 E90 M3 [5.00]	My bad, must have been thinking about my wife`s lease end package for her Mercedes from earlier this year. Although I`m sure BMW FS would still do something if you wanted to extend your lease, they`ll always take your money whenever possible. __________________ Current: 2011 BMW M3 Sedan Alpine White / Fox Red Novillo Leather Past: 2008 BMW M3 Sedan Melbourne Red / Black Novillo Leather

07-22-2011, 07:17 PM	#12
bunnn Colonel Drives: like a grandma Join Date: May 2009 Location: Toronto Posts: 2,199 iTrader: (12)	Thanks for the advice guys. Unfortunately, as tempting as the x5m is, it's essentially the same car with a bigger engine. We looked at some alternatives, and right now the '12 Cayenne S is at the top of our list; there's a huge waitlist on these though. I will call BMW FS and find out Monday. Thanks again. __________________ Cheers Ben

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