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  #376  
Old 10-14-2010, 10:27 AM
erdoran erdoran is offline
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I'd watch out for more tricks...or perhaps find another dealer. You're fortunate to be well-enough informed to catch this "error" on their parts; I'd wonder what other "errors" they will make (or have made) that won't be as easy to catch....
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  #377  
Old 10-14-2010, 10:35 AM
Peripatetic Peripatetic is offline
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Originally Posted by erdoran View Post
I'd watch out for more tricks...or perhaps find another dealer. You're fortunate to be well-enough informed to catch this "error" on their parts; I'd wonder what other "errors" they will make (or have made) that won't be as easy to catch....
You're absolutely right. I had already caught a few other "errors" like using the "wrong" sale price when calculating payments. Unfortunately they are about $1000 better than the other dealer near me right now (after the corrections). And the other guys don't want to negotiate nor get me the color I want, so I'm kind of stuck with them. I hope everything works out despite their nefarious ways. I wish BMW would just sell their cars directly over the web. I'd be all over that.
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  #378  
Old 10-27-2010, 10:17 AM
DaleJ DaleJ is offline
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MSD question - how to cacluate the amount

Let's say I calculate the lease and without any additional MSD the monthly is $651.
That makes the deposit $700. After adding the first MSD it then drops the monthly to say, $649.
Or, I add up 7 MSDs and it drops the monthly well below $650.

Do I still use $700 for all MSDs or do I use $650 for all, or $700 until the drop below $650 monthly then only $650 after that?
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  #379  
Old 10-27-2010, 10:29 AM
erdoran erdoran is offline
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Calculate the payment based on the number of MSDs you are planning to use, and base the MSD figure on the final payment. For your example, you'd use $650 x 7 for your MSDs if your payment with 7 MSDs is $650 or less.

Another neat cost-savings trick is if your payment is just a hair above a $50 increment (say $652/mo) then put down enough of a cap cost reduction to drop the payment to $649.99 or thereabouts, and that will make $650 the figure to multiply, rather than $700, which it would be with that $652 payment.
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  #380  
Old 11-02-2010, 08:29 AM
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TXPearl TXPearl is offline
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Quote:
Originally Posted by erdoran View Post
Calculate the payment based on the number of MSDs you are planning to use, and base the MSD figure on the final payment. For your example, you'd use $650 x 7 for your MSDs if your payment with 7 MSDs is $650 or less.

Another neat cost-savings trick is if your payment is just a hair above a $50 increment (say $652/mo) then put down enough of a cap cost reduction to drop the payment to $649.99 or thereabouts, and that will make $650 the figure to multiply, rather than $700, which it would be with that $652 payment.
Just did an MSD deal and that's not how they calculated my security deposit amount - they started with the pre-MSD money factor payment amount.

Good idea on your second point.
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  #381  
Old 11-02-2010, 08:40 AM
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SARAFIL SARAFIL is offline
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Originally Posted by TXPearl View Post
Just did an MSD deal and that's not how they calculated my security deposit amount - they started with the pre-MSD money factor payment amount.

Good idea on your second point.
they over-charged you then. Should be calculated on the payment after the rate reduction.
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  #382  
Old 11-02-2010, 08:42 AM
erdoran erdoran is offline
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Call bmwfs and ask how much they show you having as your security deposit. Check how much your paperwork shows as your security deposit. do they agree? Hopefully you had the dealership itemize so that your security deposit shows up as a line item.
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  #383  
Old 11-02-2010, 12:14 PM
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My paperwork agrees with the amount of the deposit I paid. I don't think the dealer is pulling a fast one - it seems like they just didn't understand the deposit process. If so, then BMWFS is holding $350 of my money for 24 months for "free". Given that I'd be earning about 0.01% interest on that money right now, it's not even worth a phone call to verify. But next time, I'll know better. Thanks for the clarification.
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  #384  
Old 11-02-2010, 12:34 PM
erdoran erdoran is offline
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You really should call or email bmwfs and confirm that they have the same amount as on your contract....trust me on this one!
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  #385  
Old 11-02-2010, 01:02 PM
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Please elaborate for us - did you have an experience where BMWFS claimed you did not make the full security deposit?
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  #386  
Old 11-02-2010, 01:30 PM
erdoran erdoran is offline
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I didn't because I watched my paperwork like a hawk...and I saw where the dealership had tried to bury some more $$ in the lump sum driveoff they quoted me. But in general I tend to be very cautious in business dealings, and if there is a discrepancy I make sure it isn't going to come back & bite me. A phone call to BMWFS will only take a few minutes and chances are they will have whatever the dollar amount you paid for MSDs in their records as well....but if they don't you're in a position to go back to the dealership for a refund of the excess $$. If you want until lease turn-in and there is a discrepancy you're SOL at that point most likely.

I would think that BMWFS know exactly how much you are supposed to pay in MSDs and that's why I am a little concerned that you paid too much and nothing was said. It gets my antennae going, that's all.
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  #387  
Old 11-03-2010, 05:11 AM
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I hear what you're saying. However, my paperwork is all clean - nothing fishy, and like you, I check it thoroughly. If there's a dispute at lease end, I want something in writing to support my position (and not what someone at BMWFS told me on the phone almost two years before). I have a lease contract and a first monthly statement (which comes directly from BMWFS) that both agree with my deposit amount. I'm not sure what I'd say to someone on the phone - my guess is they'd have no idea about the MSD deposit calculation.
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  #388  
Old 11-03-2010, 05:36 AM
erdoran erdoran is offline
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If you have something directly from BMWFS showing your deposit amount is what you think it is then you are good to go--it may even show up on "your account" section of their website. If your statement from BMWFS shows a DEPOSIT balance of what you paid then again you are good.

BMWFS should know the proper way to calculate the MSD, so that's why I am recommending confirming & fixing things now if they need to be fixed. It sounds like you have it under control and are satisfied that BMWFS shows the amount on deposit is what you paid. end of story. It's your $$ and if you are satisfied that you have your ducks in a row then no problem.
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  #389  
Old 01-09-2011, 10:48 PM
ramyar ramyar is offline
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Are these msd numbers still valid for 2011?
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  #390  
Old 01-10-2011, 08:52 AM
Mace14 Mace14 is offline
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Are these msd numbers still valid for 2011?
Yes. .00007 per MSD, total of 7 additional SD's with a maximum mark down of .00049.
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  #391  
Old 03-03-2011, 07:52 AM
docderwood docderwood is offline
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I thought I read somewhere that the lowest MF you can get is .0005 using MSD's, is this true?

Thanks!
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  #392  
Old 03-17-2011, 05:14 PM
jrothen4 jrothen4 is offline
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Is it possible to only do 2 or 3 security deposits? I dont want to tie up 4900 for the next 3 years. Thanks
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  #393  
Old 03-17-2011, 05:35 PM
ksoze ksoze is offline
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Is it possible to only do 2 or 3 security deposits? I dont want to tie up 4900 for the next 3 years. Thanks
You can do as many as you want up to 7.
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  #394  
Old 03-19-2011, 10:55 AM
sk-mia sk-mia is offline
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Yes, the 0.0005 is the lowest that BMW FS will allow.
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  #395  
Old 03-19-2011, 11:18 AM
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Yes, the 0.0005 is the lowest that BMW FS will allow.
0.00005 (four zeros)
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  #396  
Old 03-23-2011, 09:35 PM
flyingbyhere flyingbyhere is offline
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Does this reduction apply to the model specific rates? (X3 .00200) Or is it off a higher "standard" rate?
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  #397  
Old 06-14-2011, 09:24 AM
obi.wan obi.wan is offline
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Had a hard time finding it and looks as if others had similar question so bump

I always thought this was a sticky... is it... I cant tell today
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Last edited by obi.wan; 06-14-2011 at 09:26 AM.
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  #398  
Old 06-14-2011, 10:36 AM
ZoomVT ZoomVT is online now
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It used to be. I dont know why it isnt anymore. But i did read somewhere else that the Admins were trying to reduce the number of sticky threads in the forums.
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  #399  
Old 06-15-2011, 07:53 PM
mrMTB mrMTB is offline
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Quick MSD question. I'm working from the Excel calculator that was posted around in one of the threads, and I'm extending it a bit to allow me to do some modeling of my options. When you apply MSDs to your lease, do you figure the deposit amounts from the initial payment amount, or the payment amount with the MSD discount applied?
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  #400  
Old 06-15-2011, 07:55 PM
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SARAFIL SARAFIL is offline
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Quote:
Originally Posted by mrMTB View Post
Quick MSD question. I'm working from the Excel calculator that was posted around in one of the threads, and I'm extending it a bit to allow me to do some modeling of my options. When you apply MSDs to your lease, do you figure the deposit amounts from the initial payment amount, or the payment amount with the MSD discount applied?
payment after rate reduction
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