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
  #176  
Old 12-29-2006, 08:40 AM
sse sse is offline
Registered User
Location: Virginia
 
Join Date: Dec 2006
Posts: 8
Mein Auto: 530i 2003
Thanks

Thanks for the reply. I am slowly learning. This is a great forum/website. I will do that although I am a little concerned that I may not be able to lock in dec rates.
sse
Reply With Quote
  #177  
Old 12-29-2006, 08:53 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 sse View Post
Thanks for the reply. I am slowly learning. This is a great forum/website. I will do that although I am a little concerned that I may not be able to lock in dec rates.
sse
well better be concerned and try to do it then just agree to a bad deal.

you will get responses in a day or two.
__________________
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
  #178  
Old 01-05-2007, 02:55 PM
lsleelee lsleelee is offline
Officially Welcomed to the 'Fest
Location: New Orleans, La
 
Join Date: Jan 2007
Posts: 471
Mein Auto: 2000 Grand Cherokee
Apologies for beating a dead horse, but I'm confused about standard/subsidized rates.

The rate on a E90 335 is 0.0015
The maximum mark-up a dealer can charge is 0.0019
Even with rolling in the SD it's 0.00205

Yet I thought I read in this thread that these rates are subsidized and the 0.00049 deduction comes from the standard rate, which appears, by it's frequent appearance on the lease rates sheet, to be 0.00322.

That would be a rate of 0.00237, well over what the dealer could charge.

I must have misunderstood, right? The 0.00049 comes out of the 0.0015, for a 0.00101 rate, right?
Reply With Quote
  #179  
Old 01-05-2007, 05:59 PM
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 lsleelee View Post
Apologies for beating a dead horse, but I'm confused about standard/subsidized rates.

The rate on a E90 335 is 0.0015
The maximum mark-up a dealer can charge is 0.0019
Even with rolling in the SD it's 0.00205

Yet I thought I read in this thread that these rates are subsidized and the 0.00049 deduction comes from the standard rate, which appears, by it's frequent appearance on the lease rates sheet, to be 0.00322.

That would be a rate of 0.00237, well over what the dealer could charge.

I must have misunderstood, right? The 0.00049 comes out of the 0.0015, for a 0.00101 rate, right?
if you get the buy rate you would take it out of the .0015 correct. The standard lease rate isn't used at all in any capacity unless you are doing a prepaid lease. The buy rates can be marked up a max of .00055 if you don't include a SD and max dealer markup. I guess recently we discovered the acquistion fee could be waived as well and marked up another .0003. Taking ED would markup the mf an additional .0003 as well.
__________________
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
  #180  
Old 01-06-2007, 12:37 AM
lilskel's Avatar
lilskel lilskel is offline
Officially Welcomed to the 'Fest
Location: Florida
 
Join Date: Jun 2005
Posts: 2,184
Mein Auto: 2011 335d ZMP
Quote:
Originally Posted by schley View Post
I guess recently we discovered the acquistion fee could be waived as well and marked up another .0003.
Are you SERIOUS!?!? My payment with $625 acquisition built into the capitalized cost is $346.79. If I take that acquisition out and bump the MF up .0003, my new payment is $341.77, that's amazing, even better if your dealer is stuck on charging $825 for the acquisition
__________________
BMWCCA Since 2007
ED 28.10.2010 335d
ED 09.07.2008 X3 PCD: 04.09.2008
ED 24.05.2006 X3
ED 27.07.2005 X3
Reply With Quote
  #181  
Old 01-06-2007, 06:54 AM
BloodRedHog's Avatar
BloodRedHog BloodRedHog is offline
G o H o g s G o !
Location: Denver, Colorado
 
Join Date: Mar 2004
Posts: 1,185
Mein Auto: 08 535i Sport/06 X5 4.8is
Quote:
Originally Posted by lilskel View Post
Are you SERIOUS!?!? My payment with $625 acquisition built into the capitalized cost is $346.79. If I take that acquisition out and bump the MF up .0003, my new payment is $341.77, that's amazing, even better if your dealer is stuck on charging $825 for the acquisition
Can we confirm this? I am about to lease a 335.

Lease rate is .0015
I pay one SD to prevent a first-time lease user mark-up, right?
I then allow a .0003 mark-up to roll in acquisition fee?
I'm then at .0018.
I can then pay 7 SD's (.00007 * 7= .00049) to get down to .00131?
__________________
2008 535i l Black Sapphire l Sport l Paddles l Prem l HUD l Nav

2006 X5 4.8is l TiAg wife

2004 330i l ZHP l TiAg l Moonroof l Xenon l Alcantara I Modified CDV I RE Clutch Stop retired

1997 328is l TiAg retired
Reply With Quote
  #182  
Old 01-06-2007, 07:39 AM
lsleelee lsleelee is offline
Officially Welcomed to the 'Fest
Location: New Orleans, La
 
Join Date: Jan 2007
Posts: 471
Mein Auto: 2000 Grand Cherokee
Quote:
Originally Posted by schley View Post
The buy rates can be marked up a max of .00055
I thought it was 0.0004. A recent change?
Reply With Quote
  #183  
Old 01-06-2007, 10:45 AM
valdeztke valdeztke is offline
Registered User
Location: DC
 
Join Date: Nov 2006
Posts: 66
Mein Auto: TT 335i/SC Z06/SC CTS-V
Here to learn
Reply With Quote
  #184  
Old 01-06-2007, 11:00 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 lsleelee View Post
I thought it was 0.0004. A recent change?
you didn't finish the quote. it said if you waived your SD and aren't a present bmwfs customer.
__________________
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
  #185  
Old 01-06-2007, 12:47 PM
SignHere's Avatar
SignHere SignHere is offline
Registered Abuser
Location: Austin, TX
 
Join Date: Apr 2006
Posts: 547
Mein Auto: 2011 550i Gran Turismo
You mean

"...aren't a present BMWFS LEASE customer."
__________________
Supreme Omnipotent Bobohead-Currently seeking time off for good behavior!
Reply With Quote
  #186  
Old 01-19-2007, 06:03 PM
TropicsX5's Avatar
TropicsX5 TropicsX5 is offline
Officially Welcomed to the 'Fest
Location: Florida
 
Join Date: Jan 2007
Posts: 361
Mein Auto: Z4 X5 325I
Quote:
Originally Posted by SARAFIL View Post
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.

y

Last edited by TropicsX5; 01-19-2007 at 06:05 PM.
Reply With Quote
  #187  
Old 01-23-2007, 07:16 PM
SIILENTKARMA1 SIILENTKARMA1 is offline
Registered User
Location: NY
 
Join Date: Jan 2007
Posts: 54
Send a message via AIM to SIILENTKARMA1
Mein Auto: NOTHING
One of the sales person at Rallye Bmw in Roslyn, NY told me that in new york they only allow 3 to 4 security deposit is this right?....or is this guy bull....
Reply With Quote
  #188  
Old 01-23-2007, 07:19 PM
Leasing Motors's Avatar
Leasing Motors Leasing Motors is offline
Past Sponsor
Location: New Jersey
 
Join Date: Dec 2006
Posts: 59
Mein Auto: BMW
Thumbs up Msd

It was always my understanding that you could do anywhere between 2 and 7. You get 0.0007 point off for each MSD that you put down.

Best of Luck,
Reply With Quote
  #189  
Old 01-23-2007, 09:55 PM
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 SIILENTKARMA1 View Post
One of the sales person at Rallye Bmw in Roslyn, NY told me that in new york they only allow 3 to 4 security deposit is this right?....or is this guy bull....
SD is limited by NY state law to 750 I believe thus it precludes any MSD possibility.

Quote:
Originally Posted by Leasing Motors View Post
It was always my understanding that you could do anywhere between 2 and 7. You get 0.0007 point off for each MSD that you put down.

Best of Luck,
NY doesn't allow it because of the SD cap.
__________________
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
  #190  
Old 01-23-2007, 11:42 PM
SIILENTKARMA1 SIILENTKARMA1 is offline
Registered User
Location: NY
 
Join Date: Jan 2007
Posts: 54
Send a message via AIM to SIILENTKARMA1
Mein Auto: NOTHING
Thanks Schley.....
Reply With Quote
  #191  
Old 01-24-2007, 05:00 AM
sk330i sk330i is offline
Caveman
Location: NYC
 
Join Date: Oct 2002
Posts: 291
Mein Auto: X1
Schley is right. The security deposit is capped at a max of $749 in NY. I put down 1 MSD when I signed the new lease last night. I am a current BMWFS customer so I didn't have to pay the "mandatory" SD.
Reply With Quote
  #192  
Old 01-24-2007, 01:58 PM
SIILENTKARMA1 SIILENTKARMA1 is offline
Registered User
Location: NY
 
Join Date: Jan 2007
Posts: 54
Send a message via AIM to SIILENTKARMA1
Mein Auto: NOTHING
Quote:
Originally Posted by sk330i View Post
Schley is right. The security deposit is capped at a max of $749 in NY. I put down 1 MSD when I signed the new lease last night. I am a current BMWFS customer so I didn't have to pay the "mandatory" SD.
I was told by another dealer not to long ago over the phone that security deposit would not make a difference in the money factor, the person kept saying the only thing that would decrease your payments is the cap cost reduction which is down payment. i said am not looking to put a down payment. i said it was to my knowledge security deposits will decrease your money factor. she said no. Now am thinking is she saying no because of the limit we have here in Ny, which really wont make a difference since we are not able to put down 7-9 deposits?....

and the dealer i mention in a earlier post i forgot to mention, the person said i would be able to put at most 3-4 but it will not decrease it by .00007 each, but by .00004 or .00005, since he said it has changed..would this make a big difference in my money factor which eventually would lower my lease payment per month due to lower lease interest.

Are these 2 dealers correct?
Reply With Quote
  #193  
Old 01-24-2007, 06:46 PM
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 SIILENTKARMA1 View Post
I was told by another dealer not to long ago over the phone that security deposit would not make a difference in the money factor, the person kept saying the only thing that would decrease your payments is the cap cost reduction which is down payment. i said am not looking to put a down payment. i said it was to my knowledge security deposits will decrease your money factor. she said no. Now am thinking is she saying no because of the limit we have here in Ny, which really wont make a difference since we are not able to put down 7-9 deposits?....

and the dealer i mention in a earlier post i forgot to mention, the person said i would be able to put at most 3-4 but it will not decrease it by .00007 each, but by .00004 or .00005, since he said it has changed..would this make a big difference in my money factor which eventually would lower my lease payment per month due to lower lease interest.

Are these 2 dealers correct?
Bottom line is this: If you are going to register the car in NY then you can do a maximum total of SD of 750. Thus you don't have an opportunity to go over that meaning NO MSD under any circumstances in the state of NY. Anything in terms of you checking ot see if the dealer is truthful or not is immaterial. With that premise you can answer all questions on your own.
__________________
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
  #194  
Old 01-24-2007, 07:16 PM
SIILENTKARMA1 SIILENTKARMA1 is offline
Registered User
Location: NY
 
Join Date: Jan 2007
Posts: 54
Send a message via AIM to SIILENTKARMA1
Mein Auto: NOTHING
Quote:
Originally Posted by schley View Post
Bottom line is this: If you are going to register the car in NY then you can do a maximum total of SD of 750. Thus you don't have an opportunity to go over that meaning NO MSD under any circumstances in the state of NY. Anything in terms of you checking ot see if the dealer is truthful or not is immaterial. With that premise you can answer all questions on your own.
No problem.
Reply With Quote
  #195  
Old 01-25-2007, 05:49 AM
sk330i sk330i is offline
Caveman
Location: NYC
 
Join Date: Oct 2002
Posts: 291
Mein Auto: X1
Quote:
Originally Posted by schley View Post
...meaning NO MSD under any circumstances in the state of NY.
You can do MSD in NY. However, if you are REQUIRED to put down a SD (ie. new BMWFS lease customer) then you can't put any additional SD to lower the mf since it will most likely go over the limit of $749, unless your monthly payment is less than $350.

I voluntarily put 1 SD down to lower the mf since SD is not required for me as a current BMWFS customer.
Reply With Quote
  #196  
Old 01-25-2007, 06:45 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 sk330i View Post
You can do MSD in NY. However, if you are REQUIRED to put down a SD (ie. new BMWFS lease customer) then you can't put any additional SD to lower the mf since it will most likely go over the limit of $749, unless your monthly payment is less than $350.

I voluntarily put 1 SD down to lower the mf since SD is not required for me as a current BMWFS customer.
you are correct, thanks for clarifying.
__________________
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
  #197  
Old 01-26-2007, 11:35 AM
BayAreaBMWFan BayAreaBMWFan is offline
Back in California
Location: San Francisco Bay Area
 
Join Date: Aug 2004
Posts: 3,251
Mein Auto: '12 328 Vert; '09 Odyssey
BTW, just confirmed by JSpira that you can buy a car from a NJ/CT dealer and do MSDs while still registering the car in NY
__________________
2012 328Ci Black/Black ZPP
2011 528 Black/Black Retired ZPP ZP2 BMW Apps
2005 330Ci SparkGraphite/Gray Retired ZHP, Step, Nav, Xenon, Heated Seats, PDC
2007 X3 3.0si AlpiWhite/Tobacco ED Retired Step, ZSP, ZPP, ZCW, PDC, Nav, Xenon, Privacy Glass, Servotronic, Cargo Net
2002 745Li Slate Green Metallic/Beige Retired; Perfect baby-hauler
2006 525 TiAg/Black Retired
2004 3.0 Z4 Black/Black/Black SMG Retired
2003 525iA TiAg/Gray Retired;King of all Bimmers, the E39
Reply With Quote
  #198  
Old 01-26-2007, 08:29 PM
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 BayAreaBMWFan View Post
BTW, just confirmed by JSpira that you can buy a car from a NJ/CT dealer and do MSDs while still registering the car in NY
wow that is a great loophole that I had never heard and should be kept in mind by anyone in the the big apple or upstate or anywhere in NY for that matter.
__________________
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
  #199  
Old 01-28-2007, 09:14 AM
Steve Espo Steve Espo is offline
Registered User
Location: New York
 
Join Date: Jan 2007
Posts: 45
Mein Auto: 2007 335i Coupe
I have a question regarding the "special Lease offers" on the BMW website. 335i Coupe Base with Auto trans $499/mo. That equates to a .00102 MF, considering a .0003 add for Euro delivery the rate should be .00132 if you allow .0004 dealer add I should at worst get a .00172 MF on a 36 month lease with $2500 down. Is my logic correct or are the advertised deals just a sham? My rate offer was .00245 with .0003ED and .0004 dealer mark up. This would get the rate down to .00175 which is what the Captive rate is listed as on the sticky post for Jan. My head is spinnin g, HELP
Reply With Quote
  #200  
Old 01-28-2007, 10:38 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 Steve Espo View Post
I have a question regarding the "special Lease offers" on the BMW website. 335i Coupe Base with Auto trans $499/mo. That equates to a .00102 MF, considering a .0003 add for Euro delivery the rate should be .00132 if you allow .0004 dealer add I should at worst get a .00172 MF on a 36 month lease with $2500 down. Is my logic correct or are the advertised deals just a sham? My rate offer was .00245 with .0003ED and .0004 dealer mark up. This would get the rate down to .00175 which is what the Captive rate is listed as on the sticky post for Jan. My head is spinnin g, HELP
I didn't read your post except for "are the advertised deals just a sham". YES THEY ARE. You can negotiate a better deal farily easily with knowledge on this forum.
__________________
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
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 12:32 AM.


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