BMWFS Improves the MSD Program!

Originally Posted by DJHakim

Sad, but true. I get taxed on the total up-front fees. When MSD kicks in, it ups the up-fronts and ups the taxes accordingly. Yuk!!

so it is possible that illinois isn't the worst state in our union for tax liability in leasing? Do you have to pay tax on the total cap cost? illinois yes

do you have to pay sales tax if you purchase the vehicle at lease end, although you already paid tax on it at the outset of the lease? illinois yes

do you have to pay sales tax on the total negotiated cap cost at the lease inception when assuming a lease in illinois upon assumption? illinois yes


f'd up for sure......

Wow, maybe CA isn't so expensive after all!

hi there..

i was wondering if anyone can help me?? i will be picking up my car next week and ive been doing a lot of research on here for all the things i will need to know about leasing. and thanks to all of you, i got $750 over invoice on my '07 525i. but the only thing is that ive read on here that i can do MSD for promo rate. when i talked to my salesman, he said that its not possible. he said that if i can get any documentation and others are doing MSD's on the promo, he would give it to me. can anyone help me w/ this? Is MSD's better than prepaid? Can doing the prepaid be done on the promo rate??

thanks in advance to everyone! u are simply the greatest!!

lisalisa

Originally Posted by lisalisa573

hi there..

i was wondering if anyone can help me?? i will be picking up my car next week and ive been doing a lot of research on here for all the things i will need to know about leasing. and thanks to all of you, i got $750 over invoice on my '07 525i. but the only thing is that ive read on here that i can do MSD for promo rate. when i talked to my salesman, he said that its not possible. he said that if i can get any documentation and others are doing MSD's on the promo, he would give it to me. can anyone help me w/ this? Is MSD's better than prepaid? Can doing the prepaid be done on the promo rate??

thanks in advance to everyone! u are simply the greatest!!

lisalisa

by the promo rate I think you mean the buy rate... and the answer is yes you can combine the two.... call bmwfs , to confirm to get a name and number and then call the salesman back to get the rate........

bump

Originally Posted by lisalisa573

hi there..

i was wondering if anyone can help me?? i will be picking up my car next week and ive been doing a lot of research on here for all the things i will need to know about leasing. and thanks to all of you, i got $750 over invoice on my '07 525i. but the only thing is that ive read on here that i can do MSD for promo rate. when i talked to my salesman, he said that its not possible. he said that if i can get any documentation and others are doing MSD's on the promo, he would give it to me. can anyone help me w/ this? Is MSD's better than prepaid? Can doing the prepaid be done on the promo rate??

thanks in advance to everyone! u are simply the greatest!!

lisalisa

Yesterday I leased a Z4 3.0is. BMWFS buy rate is .0005. I put 7 security deposits $3850,
and got .00001 rate. Then we added .0002 for the dealer so my rate is .00021 .5%.
What a deal ! This saved $40 per month or $1440 over the 36 months. Simple interest is 480/3850 = 12.47% tax free. If I had not done this the rate would have been .0007.

In working a lease deal for a Z4 3.0si I found out that BMWFS will not allow a money factor rate of less than .00005. I was offered the buy rate on my lease of .0005. I was going to put 7 msds down to get it to .00001 but BMWFS would not allow it. So I could only put down 6 msds to get it to .00008. Still a nice deal though!

I need your help!!

My dealer says that they don't now any thing about MSD program. I just contacted BMW finance and they are telling me that they haven't seen any lease agreement with more than 1 security deposit.

By looking at this forum I can tell that many people have benefited from this program but in my case both dealer and BMW finance representative are denying it!

Any help is appreciated.

I just did 7 MSD's for a total reduction of .00049

Originally Posted by BOMOW

I need your help!!

My dealer says that they don't now any thing about MSD program. I just contacted BMW finance and they are telling me that they haven't seen any lease agreement with more than 1 security deposit.

By looking at this forum I can tell that many people have benefited from this program but in my case both dealer and BMW finance representative are denying it!

Any help is appreciated.

Damn!

Who is your dealer??

BMW of Santa Maria, CA

Originally Posted by BOMOW

BMW of Santa Maria, CA

Not at all surprised. Perhaps they have never done an MSD deal before.

I was the GSM of Cutter BMW (now BMW Santa Barbara), the next closest dealer to the South from 1998-2003. During that time BMW of Santa Maria averaged approximately 3-4 new BMWs sold per month. They used to be paired with a Chevrolet point, with which they did pretty well. Since I retired they opened a new BMW-exclusive showroom, and actually sell some BMW product now. They are still (obviously) lacking in critical experience. 69 miles to the South is BMW of Santa Barbara. They should be able to help you.

Originally Posted by SARAFIL

In a bulletin released today, BMWFS made some changes to the MSD (multiple security deposit) program.

The current program is up to 5 over the required amount, and a 0.00005 reduction in the money factor for each one.

The new program is up to 7 over the required amount, and a reduction of 0.0007 per.

Does anyone have a copy of this bulletin? We are working on a lease deal for an X3 (ED in August) and the finance person at the dealership insistst that the rule is 5 MSD's for a reduction of .00005 per, rather than 7 for .00007 per. She showed us a bulletin from December 2005 with that rule, and we'd love to find a document showing her the change.

Thanks!

Originally Posted by knmol

Does anyone have a copy of this bulletin? We are working on a lease deal for an X3 (ED in August) and the finance person at the dealership insistst that the rule is 5 MSD's for a reduction of .00005 per, rather than 7 for .00007 per. She showed us a bulletin from December 2005 with that rule, and we'd love to find a document showing her the change.

Thanks!

Let her know that the program changed in the end of February and starting with the March program it is 7x 0.0007. Ask her to call BMWFS with you present in the office and on the speakerphone. I think the only constraint is that the money factor can not be lower than 0.00005 after the MSDs. In the case of the z4 3.0si it becomes 0.00001 after 7 MSDs.

Good idea - thanks.

We are also going to be talking to the other local dealer on Monday, because we're pretty annoyed by how this dealership has been operating. They are also trying to insist that we need to sign/start the lease a full 30 days before pick-up in Munich (they dispute the 14 day rule) - let me get this straight, you want me to start a 24 month lease, not drive for 30 days, then after 10 days of driving, give up the car again for another 6-8 weeks?? I don't think so!

Anyway, we really appreciate all you guys on bimmerfest. We have learned a ton about leasing and ED and BMW pricing, which has helped us immensely. When we sat down at the leasing table the payment was around $480 (for an X3, 1000 over ED invoice, with heated seats, premium sound, metallic paint, premium pkg and nav - and nothing down), and by the time we got up to leave it was $299, and this is with the wrong info for the MSD program and a couple of extra fees we are disputing. We could not have done this without your help!!

Thanks!

Originally Posted by knmol

Good idea - thanks.

We are also going to be talking to the other local dealer on Monday, because we're pretty annoyed by how this dealership has been operating. They are also trying to insist that we need to sign/start the lease a full 30 days before pick-up in Munich (they dispute the 14 day rule) - let me get this straight, you want me to start a 24 month lease, not drive for 30 days, then after 10 days of driving, give up the car again for another 6-8 weeks?? I don't think so!

Anyway, we really appreciate all you guys on bimmerfest. We have learned a ton about leasing and ED and BMW pricing, which has helped us immensely. When we sat down at the leasing table the payment was around $480 (for an X3, 1000 over ED invoice, with heated seats, premium sound, metallic paint, premium pkg and nav - and nothing down), and by the time we got up to leave it was $299, and this is with the wrong info for the MSD program and a couple of extra fees we are disputing. We could not have done this without your help!!

Thanks!

I ran into the same ignorant or flat out untruthful (take your pick) sales advisors when I negotiated my brothers ed lease and his mother in law's x3 lease. I called bmwfs and got a representative to confirm these issues. I got her name and hours worked and she agreed to answer any questions the dealership may have.
Give your sales advisor the name and hours of the person you spoke to and give them a chance to rectify the situation before taking further action.

If the sales advisor still says that after talking to your contact person at bmwfs, then go down to the dealership and call the person together on speakerphone.

When I gave the first of 2 SA's that agreed to my offer a chance to call on his own, he still came back with his ignorant stance (max of 5 msd/30 days lease sign before ed). I told him to call my contact at bmwfs and if he still doesn't find out the correct answers that then I would be on my way down so we can both call my contact at bmwfs. He then told me that he would email me back in a 5 minutes. He said after checking through some "paperwork" that 7 msd's are indeed correct at .00007, however the dealership won't budge on signing 30 days before pick up date.

I told him that you know bmwfs that is funding the lease requires 14 and why would you need 30? I said I want to come down so we can confirm this together. He said regardless of bmwfs policy his dealership wouldn't allow a 14 day period.

I simply told him I'm going with another dealership and good day.

Gave the 2nd dealer who agreed to my offer my bmwfs contact and hours and he said he called and couldn't confirm 7 msd's at .00007 (still said it was 5 at .00005). He also said that I cannot combine the buy rate with msd. I told him I want to come down and call the bmwfs contact with you.

Again, he said let me email you back in 10 minutes. SURE enough he magically confirmed everything, after he in fact called himself, before his finance guy said he called but actually just said he called and didn't. (I wonder why he didn't want anyone to know the truth, could it be more $ for him).

The SA told me he was too embarrassed to sell me a car now, but did agree to my entire offer.

Did all negotiation through email and NO phone calls or personal visits. Caused minimal time committment and was able to work it out in a fraction of the time it would have taken in person or on the phone, and with less aggrevation.

I highly recommend offering through email and keeping that as the only means of communication until you have to come in to sign your lease.

I also wouldn't recommend ever stepping foot into a dealership...negotiated two ED leases so far at a very good over invoice price, buy rates, 7 MSD's, 14 days prior to pickup...before that bought my VW over the phone by calling about 20 dealerships and going back and forth on price, then went to pick it up 3 hours later

I'm really confused... at the start of this thread there's a statement made about not being able to do MSD with a special because when you do MSD you get the "base rate" which is pretty high. On the last page I read that you get do MSD even with a promo rate. So which is it? I'm really confused.

Originally Posted by mecklaiz

I'm really confused... at the start of this thread there's a statement made about not being able to do MSD with a special because when you do MSD you get the "base rate" which is pretty high. On the last page I read that you get do MSD even with a promo rate. So which is it? I'm really confused.

You can do MSD w/ the advertised buy rates you see on this forum. Enjoy making the 10% return minimum)

MSD with promo buy rates...prepaid lease gets base rates, not promo rates

Just wanted to let you know that I'm viewer number 6,000 of this thread....
You guys can continue now...

has anyone from NY did this recently? I ask my salesperson about this today for a Z4 and she said it is not done in NY.

OK. I just got off the phone iwth BMWFS and confirmed that the MSD program is not available in NY. bummer.

Where exactly can I find information on the MFs (base and promotional) for each model? The content on the BMWFS website is reduced to minimum without much detail.

Originally Posted by Greg220

Where exactly can I find information on the MFs (base and promotional) for each model? The content on the BMWFS website is reduced to minimum without much detail.

in the ******** Captive Lease Rates July 2006..or something like that.