September Lease Rates

Deleted853 · 09-05-2013, 08:17 PM

Quote:

Originally Posted by 328AL

Do you have a reference, document or a link, I have not heard that.

Also, you never responded on my Tax question, since you make a payment, isn't it taxed as your down payment in addition to regular taxes? Do you have a brake down of you payments and charges? I'd like to run your numbers and compare them to a regular payment schedule.

My understanding is that since you're really not paying BMW all at once, the taxes are figured into the monthly payment like if I just kept the money and had it in my own personal account with autopay.

However, by the fact that you're showing all the cash to BMW and allowing it to be moved at one time to a third party escrow account, that I can't take the money back from, this is why they lower the MF, it lowers their risk.

Then, to them, its treated like receiving a monthly payment of everything with taxes included in it, when it autopays BMWFS each month.

Basically, there are only two changes 1) MF is lowered 2) Instead of me keeping the cash in my own account that I have access to, the money is moved up front into an ESCROW account from which Autopay then renders the usual monthly fee.

So, it's just like figuring a normal monthly lease, but with the difference being you're figuring it with a different MF. My question as this point is what exactly will my final MF be.

Deleted853 · 09-05-2013, 08:38 PM

Quote:

Originally Posted by 328AL

Do you have a reference, document or a link, I have not heard that.

Also, you never responded on my Tax question, since you make a payment, isn't it taxed as your down payment in addition to regular taxes? Do you have a brake down of you payments and charges? I'd like to run your numbers and compare them to a regular payment schedule.

Also, I have gathered this information from direct emails with my CA and what I read online to propose it to him. He said he thought MSD worked here as well, but I read conflicting posts on bimmerfest that might not be true. Anyway, I still have 2 weeks until I have to have it sorted.

I'm not trying to leave you in the dark. Just still at work and don't have the emails or links handy. And I haven't seen an official contract put together for this yet.

328AL · 09-05-2013, 10:52 PM

Quote:

Originally Posted by Mwm1166

Also, I have gathered this information from direct emails with my CA and what I read online to propose it to him. He said he thought MSD worked here as well, but I read conflicting posts on bimmerfest that might not be true. Anyway, I still have 2 weeks until I have to have it sorted.

I'm not trying to leave you in the dark. Just still at work and don't have the emails or links handy. And I haven't seen an official contract put together for this yet.

Please do, you might be on something here.

Everything I've read here and in other places does offer a great support to your positioning. I understand why BMW would be interested in getting your money upfront, but where is your protection for a total loss, CA emails notwithstanding? And what is your financial benefit by front loading the lease? I understand a cash flow is not your concern.

You know as well as I do, sales people may think that they know everything, but in most cases they don't. The biggest protection that we have as consumers is self-awareness; reading small print, researching online and seeking advice from others.

Thus, let know once you get all that promises and calculations in writing.

daveh85 · 09-05-2013, 11:47 PM

Picked up the new car today. Such an improvement over the e90.

Thanks for all the advice folks!

328AL · 09-06-2013, 12:52 AM

Quote:

Originally Posted by daveh85

Picked up the new car today. Such an improvement over the e90.

Thanks for all the advice folks!

Looks awesome!

Deleted853 · 09-06-2013, 02:26 AM

Quote:

Originally Posted by daveh85

Picked up the new car today. Such an improvement over the e90.

Thanks for all the advice folks!

Couldn't agree more, looks sick.

GOLFFRR · 09-06-2013, 07:35 AM

Quote:

Originally Posted by daveh85

Picked up the new car today. Such an improvement over the e90.

Thanks for all the advice folks!

congrats

Deleted853 · 09-06-2013, 01:54 PM

Quote:

Originally Posted by GOLFFRR

congrats

GOLFFRR, Can you or David chime in on the discussion we were having concerning pre-paid lease. 328AL is concerned about a total loss, but I've been told/read that, whatever part of the lease wasn't used in that case will be returned from the escrow account.

Also, I've heard conflicting accounts, can you get both the pre-pay .00080 MF reduction and also use the .00049 MSD reduction together?

Also, what other issues/advantages are there to doing prepay? Any feedback would be helpful, because it's less common, it seems there is a fair amount of misinformation out there on this subject.

GOLFFRR · 09-06-2013, 03:42 PM

^^I just Shot David a text, as soon as he get done with a customer he will post up all the answers for you guys. He is the expert

Deleted853 · 09-06-2013, 03:52 PM

Quote:

Originally Posted by GOLFFRR

^^I just Shot David a text, as soon as he get done with a customer he will post up all the answers for you guys. He is the expert

much obliged!

GOLFFRR · 09-06-2013, 10:13 PM

^^Just checked in with David he was still catching up on emails. Sorry for the slight delay he should chime in here soon as he gets caught up!

Deleted853 · 09-07-2013, 03:43 AM

Quote:

Originally Posted by GOLFFRR

^^Just checked in with David he was still catching up on emails. Sorry for the slight delay he should chime in here soon as he gets caught up!

No worries and no rush.

BMWDavid · 09-07-2013, 01:02 PM

Quote:

Originally Posted by Mwm1166

GOLFFRR, Can you or David chime in on the discussion we were having concerning pre-paid lease. 328AL is concerned about a total loss, but I've been told/read that, whatever part of the lease wasn't used in that case will be returned from the escrow account.

Also, I've heard conflicting accounts, can you get both the pre-pay .00080 MF reduction and also use the .00049 MSD reduction together?

Also, what other issues/advantages are there to doing prepay? Any feedback would be helpful, because it's less common, it seems there is a fair amount of misinformation out there on this subject.

Sales Support Rates (meaning BMW FS monthly program rates) ARE available for Pre-Pay Lease contracts. However, in order to get the 80 bps reduction, regional non-sales support rates must be used.

The Multiple Security Deposit program is not available on Pre-Pay Lease contracts. I"ll find out about the gap coverage and how it pays out on the pre-pay lease Monday. Have a great weekend!

328AL · 09-07-2013, 02:24 PM

Quote:

Originally Posted by BMWDavid

Sales Support Rates (meaning BMW FS monthly program rates) ARE available for Pre-Pay Lease contracts. However, in order to get the 80 bps reduction, regional non-sales support rates must be used.

The Multiple Security Deposit program is not available on Pre-Pay Lease contracts. I"ll find out about the gap coverage and how it pays out on the pre-pay lease Monday. Have a great weekend!

Thank you David!

GOLFFRR · 09-07-2013, 02:33 PM

Thanks David!

drsprings · 09-08-2013, 04:17 PM

I read this thread and seems like its bad news for someone trying to lease a 2013 335i xdrive Sedan even with the build-out cash

Deleted853 · 09-08-2013, 06:59 PM

Quote:

Originally Posted by BMWDavid

Sales Support Rates (meaning BMW FS monthly program rates) ARE available for Pre-Pay Lease contracts. However, in order to get the 80 bps reduction, regional non-sales support rates must be used.

The Multiple Security Deposit program is not available on Pre-Pay Lease contracts. I"ll find out about the gap coverage and how it pays out on the pre-pay lease Monday. Have a great weekend!

At that point, it sounds like the best program is still just a standard 36 month lease with 7 MSD's. Does BMW cover the 2nd lease payment on an ED lease?

carzaddict · 09-08-2013, 07:02 PM

Quote:

Originally Posted by Mwm1166

At that point, it sounds like the best program is still just a standard 36 month lease with 7 MSD's. Does BMW cover the 2nd lease payment on an ED lease?

from what i remember reading a while ago.........no they do not. you're paying for a car to sit on a boat

328AL · 09-08-2013, 07:16 PM

Quote:

Originally Posted by Mwm1166

At that point, it sounds like the best program is still just a standard 36 month lease with 7 MSD's. Does BMW cover the 2nd lease payment on an ED lease?

Yes, I believe they do.

I was a worthwhile exercise, I learned something new.

ssedha · 09-08-2013, 08:52 PM

Quote:

Originally Posted by carzaddict

from what i remember reading a while ago.........no they do not. you're paying for a car to sit on a boat

That is incorrect. You pay a higher MF cause bmwfs makes the second payment of your lease while the car is in transit.

carzaddict · 09-08-2013, 10:53 PM

interesting, thanks for the clarification

ssedha · 09-11-2013, 09:05 AM

So am I correct to assume that there is no Build Out credit on the 14' 335 models? The only available incentives are the Loyalty Cash ($500) and the UDE ($1000)? Even then it's getting tight to actually use the UDE at this moment if you do a special order!!!

14' 335 - $500 Loyalty & $1000 UDE
14' 435 - $500 Loyalty & $1000 UDE
14' AH3 - $500 Loyalty & $3500 Eco Credit & $1000 UDE

Does this sound right?

09-05-2013, 11:47 PM	#92
daveh85 Enlisted Member 7 Rep 40 Posts Drives: 2018 M550 Join Date: Dec 2007 Location: Woodinville, WA iTrader: (0)	Picked up the new car today. Such an improvement over the e90. Thanks for all the advice folks!
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09-06-2013, 03:42 PM	#97
GOLFFRR 10791 Rep 27,588 Posts Drives: GOLFFRR cart Join Date: Mar 2009 Location: we sell BMWs to "ALL" US states iTrader: (4)	^^I just Shot David a text, as soon as he get done with a customer he will post up all the answers for you guys. He is the expert __________________ BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties!
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09-06-2013, 10:13 PM	#99
GOLFFRR 10791 Rep 27,588 Posts Drives: GOLFFRR cart Join Date: Mar 2009 Location: we sell BMWs to "ALL" US states iTrader: (4)	^^Just checked in with David he was still catching up on emails. Sorry for the slight delay he should chime in here soon as he gets caught up! __________________ BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties!
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09-07-2013, 02:33 PM	#103
GOLFFRR 10791 Rep 27,588 Posts Drives: GOLFFRR cart Join Date: Mar 2009 Location: we sell BMWs to "ALL" US states iTrader: (4)	Thanks David! __________________ BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties!
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09-08-2013, 04:17 PM	#104
drsprings Enthusiast 3 Rep 3 Posts Drives: 2015 335i xdrive sedan Join Date: Aug 2013 Location: United States iTrader: (0)	I read this thread and seems like its bad news for someone trying to lease a 2013 335i xdrive Sedan even with the build-out cash
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09-08-2013, 10:53 PM	#109
carzaddict Lieutenant Colonel 158 Rep 1,573 Posts Drives: 2015 Cadillac Escalade ESV Join Date: Aug 2013 Location: NJ iTrader: (0)	interesting, thanks for the clarification __________________ 2015i Cadillac Escalade ESV
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09-11-2013, 09:05 AM	#110
ssedha First Lieutenant 22 Rep 353 Posts Drives: Uber / Lyft / CTA Join Date: May 2011 Location: Chicago, IL iTrader: (0)	So am I correct to assume that there is no Build Out credit on the 14' 335 models? The only available incentives are the Loyalty Cash ($500) and the UDE ($1000)? Even then it's getting tight to actually use the UDE at this moment if you do a special order!!! 14' 335 - $500 Loyalty & $1000 UDE 14' 435 - $500 Loyalty & $1000 UDE 14' AH3 - $500 Loyalty & $3500 Eco Credit & $1000 UDE Does this sound right?
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