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Schneur
05-24-2005, 08:33 PM
Does anyone have expiriance with this? does this help if your credit is not good enough for a standard lease?


"PrePay
If you prefer cash transactions, you can save yourself some money through PrePay leasing. Instead of paying cash for your new or Certified Pre-Owned BMW, you can pay for a portion of the car through a prepaid lease. A PrePay lease consists of a single upfront payment (including a security deposit) that will be less than the sum of monthly payments on a traditional lease. And you still have all the lease-end options of a standard lease. (Please note: The PrePay option cannot be combined with Multiple Security Deposits.) "

brian545
05-29-2005, 11:45 AM
Does not really help with credit decision thru BMWFS and the big negative is you cannot use PREPAY with any special lease rates IE. 001 Money Rate on 05 545.

Jon Shafer
05-29-2005, 05:12 PM
Does anyone have experience with this? does this help if your credit is not good enough for a standard lease?Absolutely. Credit approvals are based on risk, and getting all of the ca$h up
front definitely minimizes the risk for the lessor. Many times over the years
I was able to get wannabe BMW drivers done with the prepay option
through BMWFS (who would have otherwise not qualified)...

The next time around will be a piece of cake assuming that you maintain
satisfactory employment and credit profile.

Krochelli
05-31-2005, 05:06 PM
Does not really help with credit decision thru BMWFS and the big negative is you cannot use PREPAY with any special lease rates IE. 001 Money Rate on 05 545.

What is the prepay rate? All you would be paying interest is on the residual versus on a traditional lease, no?