Welcome to Bimmerfest -- The #1 Online Community for BMW related information! Please enjoy the discussion forums below and share your experiences with the 200,000 current, new and past BMW owners. The forums are broken out by car model and into other special interest sections such as BMW European Delivery and a special forum to voice your questions to the many BMW dealers on the site to assist our members!

Please follow the links below to help get you started!

Go Back   Bimmerfest - BMW Forums > The Best of Bimmerfest! > Ask-A-Dealer

Ask-A-Dealer
Talk to our team of BMW Client Advisors. Get all of your buying/financing/leasing questions answered here!

Reply
 
Thread Tools Display Modes
  #26  
Old 03-03-2006, 02:32 PM
NukezDoc NukezDoc is offline
Registered User
Location: St. Louis, MO
 
Join Date: Mar 2006
Posts: 3
Mein Auto: '03 Honda Accord Coupe
In figuring out my lease, I'm assuming that the total MSD is subtracted from the capitalized cost?
Reply With Quote
  #27  
Old 03-03-2006, 03:27 PM
adrian's bmw's Avatar
adrian's bmw adrian's bmw is offline
'Fest Sponsor
Location: BMW/MINI of South Atlanta
 
Join Date: Feb 2003
Posts: 6,718
Mein Auto: 2013 BMW AH 3 M Sport
Quote:
Originally Posted by NukezDoc
In figuring out my lease, I'm assuming that the total MSD is subtracted from the capitalized cost?
No, it isn't. If you have 7 security deposits, it's a .00049 reduction in the money factor, not the cap cost.
Reply With Quote
  #28  
Old 03-03-2006, 04:18 PM
missing23's Avatar
missing23 missing23 is offline
Banned
Location: Chicago...one day...
 
Join Date: Feb 2002
Posts: 6,160
Mein Auto: 06 EZGO TXT, chipped!
Quote:
Originally Posted by SARAFIL
The Security Deposits are refunded if the car is totalled. BMWFS will only keep a portion of the Security Deposit to pay unpaid charges at the end of the lease... excess wear and tear, mileage, late payments, etc.
This is good info...but excess wear and tear on a totalled car?
Reply With Quote
  #29  
Old 03-03-2006, 06:34 PM
NukezDoc NukezDoc is offline
Registered User
Location: St. Louis, MO
 
Join Date: Mar 2006
Posts: 3
Mein Auto: '03 Honda Accord Coupe
Quote:
Originally Posted by adrian's bmw
No, it isn't. If you have 7 security deposits, it's a .00049 reduction in the money factor, not the cap cost.
Oops. I figured this out after playing with MS Excel for a while. Some serious wishful thinking on my part.
Reply With Quote
  #30  
Old 03-03-2006, 06:49 PM
SARAFIL's Avatar
SARAFIL SARAFIL is offline
I know a thing or two...
Location: Northeast USA
 
Join Date: Feb 2003
Posts: 7,400
Mein Auto: '13 BMW 335xi
Quote:
Originally Posted by greginaz1
This is good info...but excess wear and tear on a totalled car?
It was a general statement about all cases, not just the case when your car is totalled.
Reply With Quote
  #31  
Old 03-04-2006, 11:25 AM
chicagolab's Avatar
chicagolab chicagolab is offline
Officially Welcomed to the 'Fest
Location: Chicago, IL
 
Join Date: Feb 2006
Posts: 533
Mein Auto: TiAg 330i 2006/E90 via ed
MSD for Owner's Choice???

I live in Illinois and am wondering if MSD to bring down the money factor is available for the Owners Choice(lease style)program or just with traditional leases?
Reply With Quote
  #32  
Old 03-04-2006, 06:46 PM
compwhiz compwhiz is offline
Officially Welcomed to the 'Fest
Location: Chicagoland
 
Join Date: Jun 2004
Posts: 179
Mein Auto: 2013 535xi, 2009 335i C
No. MSD applies to leases only.
Reply With Quote
  #33  
Old 03-07-2006, 07:35 AM
brkf's Avatar
brkf brkf is offline
Not Wearing Pants
Location: Earth
 
Join Date: May 2003
Posts: 13,311
Mein Auto: Moped
My sales guy tried to talk me out of the 7 msds yesterday...lol. "They really don't make much of a difference." Really? I see a $37 a month savings. That's a nice chunk of dough over 24 months.

Weird thing is, I did 10 MSDs with the same salesguy 3 years ago. At that time he tried to talk me out of it too.
Reply With Quote
  #34  
Old 03-07-2006, 07:39 AM
missing23's Avatar
missing23 missing23 is offline
Banned
Location: Chicago...one day...
 
Join Date: Feb 2002
Posts: 6,160
Mein Auto: 06 EZGO TXT, chipped!
Quote:
Originally Posted by blueguydotcom
My sales guy tried to talk me out of the 7 msds yesterday...lol. "They really don't make much of a difference." Really? I see a $37 a month savings. That's a nice chunk of dough over 24 months.

Weird thing is, I did 10 MSDs with the same salesguy 3 years ago. At that time he tried to talk me out of it too.
Probably because like most BMW salespeople he doesn't understand them...
Reply With Quote
  #35  
Old 03-11-2006, 11:24 PM
brkf's Avatar
brkf brkf is offline
Not Wearing Pants
Location: Earth
 
Join Date: May 2003
Posts: 13,311
Mein Auto: Moped
Quote:
Originally Posted by greginaz1
Probably because like most BMW salespeople he doesn't understand them...
I was told today that if I had insisted on the 7 MSDs, then the dealership would have to change my MF of 0.00245 (ED extra of 0.0003 and dealer markup of 0.0002) to something higher. Am I missing something? Can they really do that? The MSD program is through BMWFS, not the dealership. How can they change my agreed upon MF if I choose to use MSDs?

Confused...
Reply With Quote
  #36  
Old 03-12-2006, 11:49 AM
schley's Avatar
schley schley is offline
This is the Cubs year)
Location: Saudi Arabia (no I'm not kidding)
 
Join Date: May 2005
Posts: 4,001
Mein Auto: camel
Quote:
Originally Posted by blueguydotcom
I was told today that if I had insisted on the 7 MSDs, then the dealership would have to change my MF of 0.00245 (ED extra of 0.0003 and dealer markup of 0.0002) to something higher. Am I missing something? Can they really do that? The MSD program is through BMWFS, not the dealership. How can they change my agreed upon MF if I choose to use MSDs?

Confused...

wow... I'm curious about that answer as well, it would be another let down if we find out that you are being deceived by a dealer.
__________________
2006 Z4 3.0si -pickup 9/23/06- turned in 8/2/08, titanium silver, black leather, aluminum, step, premium, sport, heated seats
2006 330i e90 ED -Sold 10/23/06
BMWCCA # 350430
Reply With Quote
  #37  
Old 03-12-2006, 11:51 AM
twodachs twodachs is offline
Registered User
Location: Indiana
 
Join Date: Jun 2005
Posts: 25
Mein Auto: '94 Miata R '06 330ci
Does the MSD's then affect only the "rental" portion of the lease calculation and not the "depreciation" portion? I'm assuming the MSD dollar amount for the MF buy down is paid with a separate check to BMW Financial (ex. $4200 ... for a 7 SD buydown of .00049 on a previously calcuated lease of $594.00).
Reply With Quote
  #38  
Old 03-12-2006, 11:55 AM
bennett64 bennett64 is offline
Officially Welcomed to the 'Fest
Location: NY
 
Join Date: Mar 2006
Posts: 130
Mein Auto: 14 ActiveHybrid 3/YukonXL
My SA said New York doesn't allow multiple security deposits. True?
Reply With Quote
  #39  
Old 03-12-2006, 12:12 PM
brkf's Avatar
brkf brkf is offline
Not Wearing Pants
Location: Earth
 
Join Date: May 2003
Posts: 13,311
Mein Auto: Moped
Called another dealer and asked...same run-around: nobody uses those, bmw doesn't want people to use them, they don't make much difference, it's a waste of your money. WTF?

I'm not a math expert, BUT if 7 MSDS will drop an MF 0.00049 and you can see a $700-900 savings for 3 grand down over two years, that seems like a big difference and a great ROI.

Weirdest thing, I heard about MSDs from a Beverly Hills dealership in 03. That guy got my email about a possible 330i purchase and turned me on to MSDs and leasing. Ever since all other dealers/salesguys get ansty when I mention them.
Reply With Quote
  #40  
Old 03-12-2006, 12:21 PM
x3Bruin x3Bruin is offline
Dog fight anyone?
Location: Fairfax, VA
 
Join Date: Oct 2005
Posts: 1,066
Mein Auto: '05 X3 3.0i & '06 330i
Quote:
Originally Posted by blueguydotcom
I'm not a math expert, BUT if 7 MSDS will drop an MF 0.00049 and you can see a $700-900 savings for 3 grand down over two years, that seems like a big difference and a great ROI.
It about 9.5% per year ROI - but tax free so is effectively about 12-13% return per year.

I think the F&I guys find it a hassle to enter the extra data into the form.
Reply With Quote
  #41  
Old 03-13-2006, 06:18 PM
dima123's Avatar
dima123 dima123 is offline
Officially Welcomed to the 'Fest
Location: new york
 
Join Date: Jul 2005
Posts: 840
Mein Auto: 12 528xi, 12 x5 35d,11 z4
can this be applied for ED and NY licenses....
__________________
Current cars
SOON to be 2013 AH3
2011 z4 3.0i
2012 x5 35d
2012 528xi

Past rides
2010 BMW 528i
2009 BMW 328xi
2006 Bmw X3
2004 BMW 325i

SOON to be 2013 AH3
Reply With Quote
  #42  
Old 03-14-2006, 12:47 PM
piku piku is offline
Registered User
Location: Cali
 
Join Date: Mar 2003
Posts: 533
Mein Auto: 06 VW GLI
I have a question.

Let's say my monthly payment before MSD was $463 and after MSD is applied it goes down to $438. Will the security deposits be, $500 or $450 each?

.
Reply With Quote
  #43  
Old 03-14-2006, 05:26 PM
missing23's Avatar
missing23 missing23 is offline
Banned
Location: Chicago...one day...
 
Join Date: Feb 2002
Posts: 6,160
Mein Auto: 06 EZGO TXT, chipped!
Quote:
Originally Posted by piku
I have a question.

Let's say my monthly payment before MSD was $463 and after MSD is applied it goes down to $438. Will the security deposits be, $500 or $450 each?

.
It would be $450.
Reply With Quote
  #44  
Old 03-17-2006, 11:10 AM
bavarian06 bavarian06 is offline
Registered User
Location: Southern CA
 
Join Date: Mar 2006
Posts: 15
Mein Auto: E90 330i, G35 6M, S2K AP2
Does anyone know if dealers will let you put 7 security deposits? Meaning, has it been done?

I figured 7 SD comes out to be $3,800 based on my monthly. This translates to over $1,200 in savings over 36 months. $3,800 secured in a 5% CD yields roughly $600. So it makes sense to do the MSD.

If they dont, I figure I'll just drop $3,800 as down to reduce to the capital cost. It translates to almost the same thing in the costs associated in leasing for 36 months with 7 MSD.
Reply With Quote
  #45  
Old 03-17-2006, 12:29 PM
missing23's Avatar
missing23 missing23 is offline
Banned
Location: Chicago...one day...
 
Join Date: Feb 2002
Posts: 6,160
Mein Auto: 06 EZGO TXT, chipped!
Quote:
Originally Posted by bavarian06
Does anyone know if dealers will let you put 7 security deposits? Meaning, has it been done?

I figured 7 SD comes out to be $3,800 based on my monthly. This translates to over $1,200 in savings over 36 months. $3,800 secured in a 5% CD yields roughly $600. So it makes sense to do the MSD.

If they dont, I figure I'll just drop $3,800 as down to reduce to the capital cost. It translates to almost the same thing in the costs associated in leasing for 36 months with 7 MSD.
I put down 10 security deposits back when that was the program in 03...so yes it can be done...the salesguy might not be up on the program so call your dealer and ask to speak with the finance guy.

Absolutely DON'T put $3800 down because you won't get that back if you total the car during the lease.
Reply With Quote
  #46  
Old 03-17-2006, 12:58 PM
bavarian06 bavarian06 is offline
Registered User
Location: Southern CA
 
Join Date: Mar 2006
Posts: 15
Mein Auto: E90 330i, G35 6M, S2K AP2
Quote:
Originally Posted by greginaz1
Absolutely DON'T put $3800 down because you won't get that back if you total the car during the lease.

I never though of that. I guess that would be true, insurance company will only pay the value of the car and not factor the amount of your down. So I guess I better demand the MSD. Is there any reason why the dealer wouldn't want you to do it? I figure they earn less since they are charging you a lower rate.
Reply With Quote
  #47  
Old 03-17-2006, 01:11 PM
missing23's Avatar
missing23 missing23 is offline
Banned
Location: Chicago...one day...
 
Join Date: Feb 2002
Posts: 6,160
Mein Auto: 06 EZGO TXT, chipped!
Quote:
Originally Posted by bavarian06
I never though of that. I guess that would be true, insurance company will only pay the value of the car and not factor the amount of your down. So I guess I better demand the MSD. Is there any reason why the dealer wouldn't want you to do it? I figure they earn less since they are charging you a lower rate.
The insurance would only pay off the lease...with nothing coming back to you.

No reason they wouldn't do it...split the 0.0004 MF markup with them (+0.0002) and they will be happy.
Reply With Quote
  #48  
Old 03-17-2006, 03:19 PM
bavarian06 bavarian06 is offline
Registered User
Location: Southern CA
 
Join Date: Mar 2006
Posts: 15
Mein Auto: E90 330i, G35 6M, S2K AP2
What do you mean by split half?

0.00195 MF for the 330i equals to 0.00146 after the 7 MSD or .00049 reduction.
Reply With Quote
  #49  
Old 03-17-2006, 08:06 PM
missing23's Avatar
missing23 missing23 is offline
Banned
Location: Chicago...one day...
 
Join Date: Feb 2002
Posts: 6,160
Mein Auto: 06 EZGO TXT, chipped!
Quote:
Originally Posted by bavarian06
What do you mean by split half?

0.00195 MF for the 330i equals to 0.00146 after the 7 MSD or .00049 reduction.
BMW dealers can mark up the MF buy rate by 0.0004...if you split the difference on that with them that should make them happy.

If you don't understand what I am saying you need to do some research on this board by utilizing the search function.
Reply With Quote
  #50  
Old 03-18-2006, 10:03 PM
bavarian06 bavarian06 is offline
Registered User
Location: Southern CA
 
Join Date: Mar 2006
Posts: 15
Mein Auto: E90 330i, G35 6M, S2K AP2
Geez, I'll remember not to ask you for help.

I didn't heed your advise (whole splitting junk) and the sales man just lowered the MF to adjust for the FULL reduction of 0.00049. Signed for my car today, I'm happy.


Quote:
Originally Posted by greginaz1
If you don't understand what I am saying you need to do some research on this board by utilizing the search function.
Reply With Quote
Reply

Bookmarks


Forum Navigation
Go Back   Bimmerfest - BMW Forums > The Best of Bimmerfest! > Ask-A-Dealer
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
BMWFS Lease Program - October 2005 dencoop Ask-A-Dealer 3 10-12-2005 03:41 PM
MSD program changing?? FIA Ask-A-Dealer 2 06-04-2003 10:17 PM
Newsflash!!!! MSD program has changed!!!! Jon Shafer Ask-A-Dealer 16 05-18-2003 09:46 AM


All times are GMT -7. The time now is 04:47 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
© 2001-2011 performanceIX, Inc. All Rights Reserved .: guidelines .:. privacy .:. terms