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  #76  
Old 02-12-2013, 05:25 PM
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SARAFIL SARAFIL is offline
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Quote:
Originally Posted by angler View Post
So you won't loss all of the money since you will not be paying for the miles in the pull ahead months? Am I missing something?
yes, he will still have to pay. When you "add it to the payment" it doesn't really go into the payment, just an extra line item on the invoice. So let's say payment is $500 and then you add $100 a month for extra miles. It gets split out on the bill, you'll owe $600 but there are two line items. Pull ahead would cover the $500 base payment, but leaves behind the extra $100 for mileage in those months which he'd still owe.
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  #77  
Old 02-13-2013, 03:49 PM
bzcat bzcat is offline
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Originally Posted by cnyf30 View Post
So I need a bit of help. I have a 11 e90 sedan which is a lease that matures July 6, 13. last payment is june 18th. I have a deal for a 13 f30 sedan which is on the boat and will be here by march (so Im told). My question is 1: if i pay my feb, march payment, the the pull ahead will cover my remaining payments? 2: i qualify for the 750 loyalty, and the $1000 lease cash, but not the $500 turn key?, lastly my dealer informed me that I must take delivery by 4/1 in order to qualify for the pull ahead on my current 11 sedan as he advised me it expires on that date. Im in NY if that matters. Thanks for the assistance
I know as much as anyone reading this thread from the beginning so if I'm wrong, one of the CA can correct me.

1. You get 3 payment waived (April, May, June)
2. You probably do not qualify for turn key because your lease termination date (July) is not within 30 days of your new car delivery (around April 1).
3. You have 60 days from Feb 28 to take delivery and qualify for the February $750 OLP and $1000 lease cash assuming you locked in your BMWFS approval on Feb 28. The pull ahead credit is not related to normal incentive and BMWFS rate lock and will expire. Per Jon, the pull ahead involves the dealer doing a trade-in transaction so your pull ahead credit is only good as long as BMWFS will pay the dealer for the difference between stated residual and actual amount owed, up to the amount totaling 3x your monthly payment - and that date may indeed be April 1... though no CA has confirmed that yet in this thread. But in any case, the odds are that pull ahead program will be extended (that was implied in some of the responses from CAs).

Last edited by bzcat; 02-13-2013 at 03:53 PM.
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  #78  
Old 02-13-2013, 06:24 PM
cnyf30 cnyf30 is offline
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Hi, thanks. Your right, dealer will take my car cover April, May, and June's payment. Ill take delivery April 1st of the new 328i Msport that is on its way. I get the $750 loyalty, and the $1000 lease cash. Dealer really gave me a great deal.
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  #79  
Old 02-14-2013, 09:44 AM
German Expat German Expat is offline
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To understand this all correct here is what I should be able to get:

We are turning in our 328xi late May and plan to do ED for a new 328xi on June 10th 2013. We are in Colorado so should get 90 days lock. 36 month lease.

So if we lock by the end of the month we would need to lease the new car around the 28th of May and should get:

1000 Lease Cash
Up to 500$ turn key payment credit (is this subtracted from the first payment ?)

Residual seems to be 60% on the 36 month with lease factor of .00130.

How do I calculate the turn key payment credit ? Would this lower my first payment by up to 500$ (including tax ?) or can I just subtract it from the invoice and spread it out ?

Also is it really possible to lock all this in now including lease cash and turn key payment credit with lease start late May 2013 ?

Thanks for your help
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  #80  
Old 02-14-2013, 12:13 PM
mrbelk mrbelk is offline
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Quote:
Originally Posted by German Expat View Post
To understand this all correct here is what I should be able to get:

We are turning in our 328xi late May and plan to do ED for a new 328xi on June 10th 2013. We are in Colorado so should get 90 days lock. 36 month lease.

So if we lock by the end of the month we would need to lease the new car around the 28th of May and should get:

1000 Lease Cash
Up to 500$ turn key payment credit (is this subtracted from the first payment ?)

Residual seems to be 60% on the 36 month with lease factor of .00130.

How do I calculate the turn key payment credit ? Would this lower my first payment by up to 500$ (including tax ?) or can I just subtract it from the invoice and spread it out ?

Also is it really possible to lock all this in now including lease cash and turn key payment credit with lease start late May 2013 ?

Thanks for your help
Don't forget to add in the .0003 ED lease adder on the MF to cover the fact that BMWFS makes your second payment for you.

-MrB
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  #81  
Old 02-14-2013, 02:10 PM
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justinnum1 justinnum1 is offline
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Just took advantage of these new deals. Got an F10. They gave me 750 loyalty cash. 1500 incentive for the month. Used the pull ahead program on my 2011. They also gave me 500 towards my first monthly payment which i did not expect and was nice. and 250 over invoice on the car.
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  #82  
Old 02-14-2013, 02:15 PM
German Expat German Expat is offline
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Originally Posted by justinnum1 View Post
Just took advantage of these new deals. Got an F10. They gave me 750 loyalty cash. 1500 incentive for the month. Used the pull ahead program on my 2011. They also gave me 500 towards my first monthly payment which i did not expect and was nice. and 250 over invoice on the car.
So you can get loyalty cash and the incentives and stack them ?

Nice deal.
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  #83  
Old 02-14-2013, 02:44 PM
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justinnum1 justinnum1 is offline
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So you can get loyalty cash and the incentives and stack them ?

Nice deal.
yep. they took about 2750 off the car, and then i had about 2750 in incentives.
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  #84  
Old 02-14-2013, 04:56 PM
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Quote:
Originally Posted by SARAFIL View Post
yes, he will still have to pay. When you "add it to the payment" it doesn't really go into the payment, just an extra line item on the invoice. So let's say payment is $500 and then you add $100 a month for extra miles. It gets split out on the bill, you'll owe $600 but there are two line items. Pull ahead would cover the $500 base payment, but leaves behind the extra $100 for mileage in those months which he'd still owe.
I caled bmwfs and they told me you would get the miles back as long as you were over the 15k per year minimum. It wouldn't make sense to charge you for miles that you didn't use.
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  #85  
Old 02-14-2013, 06:37 PM
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SARAFIL SARAFIL is offline
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Quote:
Originally Posted by angler View Post
I caled bmwfs and they told me you would get the miles back as long as you were over the 15k per year minimum. It wouldn't make sense to charge you for miles that you didn't use.
If you buy the extra miles as part of the lease contract (I.e. when you take delivery at the dealer) they refund unused miles over 15k. If you buy them during the lease using the midterm mileage adjustment option, they do not refund unused miles.
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  #86  
Old 02-14-2013, 07:07 PM
DBV DBV is online now
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Unless it has changed, on my last BMW lease I purchased miles half way through the lease and then never used them all. They refunded me the unused miles.

Quote:
Originally Posted by SARAFIL View Post
If you buy the extra miles as part of the lease contract (I.e. when you take delivery at the dealer) they refund unused miles over 15k. If you buy them during the lease using the midterm mileage adjustment option, they do not refund unused miles.
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  #87  
Old 02-14-2013, 09:50 PM
perlman007 perlman007 is offline
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Jon,
Thanks for all of your great work here. This forum and info is one reason why I love buying BMWs. I leased a new X3 in December and am looking for a second car. It looks like the AH3 might be best value with the Eco credit and other incentives. I can get owner loyalty, USAA, and not sure of others.

Do you deal with Virginia customers at all? If not can you recommend anyone? I would like to finalize something if the numbers are good this weekend.

Suggestions in other 'value plays' besides the AH3 would be awesome as well!
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  #88  
Old 02-20-2013, 06:42 AM
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does the $500 "turn key" cash still applies in case of early payoff? car was totaled, insurance is paying it off not me

also, do you think March will have the same, better or worse incentives?
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  #89  
Old 02-20-2013, 04:19 PM
2Cycler 2Cycler is offline
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Quote:
Originally Posted by Jon Shafer View Post
Just remember where you heard this first!



Lease/APR Cash
*Must fund via BMWFS

MY 2013 3 Series Sedans = $1,000
MY 2013 5 Series Sedan = $1,500

Order today!

Does anyone know whether the $1,000 lease cash on MY 2013 3 Series Sedans will still be available in March?

Thanks in advance.
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  #90  
Old 02-20-2013, 06:52 PM
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dima123 dima123 is offline
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Quote:
Originally Posted by Jon Shafer View Post
Just remember where you heard this first!



Lease/APR Cash
*Must fund via BMWFS

MY 2013 3 Series Sedans = $1,000
MY 2013 5 Series Sedan = $1,500

Order today!

The lease cash is applied to reduce capital cost or as a down payment? Can the active 3 eco credit be applied to reduce capital cost as well? thanks
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  #91  
Old 02-20-2013, 08:04 PM
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Jon Shafer Jon Shafer is offline
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Quote:
Originally Posted by dima123 View Post
The lease cash is applied to reduce capital cost or as a down payment? Can the active 3 eco credit be applied to reduce capital cost as well? thanks
Not sure I understand your question.

Reduce capital cost = cap cost reduction = down payment in lease terminology.

Are you asking if it applied as a discount on the selling price?

No.

Yes, Eco Credit is also applied as cap reduction/down payment.

The alternative would be to have the rebates applied towards lease "drive-offs" (i.e. first month's payment, license fees, ...etc.).

Quote:
Originally Posted by 2Cycler View Post
Does anyone know whether the $1,000 lease cash on MY 2013 3 Series Sedans will still be available in March?

Thanks in advance.
Nobody knows except for factory brass at the HQ. Play it safe, apply to BMWFS and get a lock.
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  #92  
Old 02-20-2013, 08:06 PM
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Originally Posted by Jon Shafer View Post
Not sure I understand your question.

Reduce capital cost = cap cost reduction = down payment in lease terminology.

Are you asking if it applied as a discount on the selling price?

No.

Yes, Eco Credit is also applied as cap reduction/down payment.

The alternative would be to have the rebates applied towards lease "drive-offs" (i.e. first month's payment, license fees, ...etc.).
Can the lease cash and loyalty be used as down payments?
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  #93  
Old 02-21-2013, 03:33 PM
bzcat bzcat is offline
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Originally Posted by dima123 View Post
Can the lease cash and loyalty be used as down payments?
Does your state charge sales tax on cap reduction (i.e. increase the "drive off" amount)? If so, why would you want to pay extra sales tax? Apply it towards acquisition and DMV fees.

Last edited by bzcat; 02-21-2013 at 03:34 PM.
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  #94  
Old 02-21-2013, 04:14 PM
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Jon Shafer Jon Shafer is offline
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I just re-read what I wrote earlier, and I made a error. Eco-Credit is the exception. It is not applied as a rebate, it is dealer cash
used to reduce the selling price. Sorry... Sometimes when multitasking I work too fast.
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  #95  
Old 02-21-2013, 04:22 PM
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dima123 dima123 is offline
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Originally Posted by Jon Shafer View Post
I just re-read what I wrote earlier, and I made a error. Eco-Credit is the exception. It is not applied as a rebate, it is dealer cash
used to reduce the selling price. Sorry... Sometimes when multitasking I work too fast.
No Worries Jon. Your the best.
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  #96  
Old 02-21-2013, 04:29 PM
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Jon Shafer Jon Shafer is offline
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No Worries Jon. Your the best.
Thanks, and to answer your question above, lease cash and loyalty rebate can be used as down payment.
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  #97  
Old 02-21-2013, 04:44 PM
EDF30 EDF30 is offline
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Originally Posted by Jon Shafer View Post
I just re-read what I wrote earlier, and I made a error. Eco-Credit is the exception. It is not applied as a rebate, it is dealer cash
used to reduce the selling price. Sorry... Sometimes when multitasking I work too fast.
Thanks for your help Jon. Just to get this straight, the eco credit can be used to reduce selling price, but the $1000 lease cash can't be used this way, only for down payment or for upfront costs like 1st payment, registration, doc fees etc
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  #98  
Old 02-21-2013, 05:02 PM
EDF30 EDF30 is offline
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PS Jon

Unless I am doing something wrong using leaseguide.com to calculate a lease, applying the $1000 lease cash to the sales price or as a down payment makes no diference to the monthly lease cost, they are equal.
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  #99  
Old 02-21-2013, 06:17 PM
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SARAFIL SARAFIL is offline
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Originally Posted by EDF30 View Post
PS Jon

Unless I am doing something wrong using leaseguide.com to calculate a lease, applying the $1000 lease cash to the sales price or as a down payment makes no diference to the monthly lease cost, they are equal.
Yes, it doesn't impact the payment but does impact the amount due at signing. If it is cash down, you will have to pay sales tax on it... if it reduces the sale price, no tax. So you'll get the $1000 cash down but have to cover the tax (i.e. $70 if you have 7% tax rate in your state)
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  #100  
Old 02-21-2013, 07:03 PM
EDF30 EDF30 is offline
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Originally Posted by SARAFIL View Post
Yes, it doesn't impact the payment but does impact the amount due at signing. If it is cash down, you will have to pay sales tax on it... if it reduces the sale price, no tax. So you'll get the $1000 cash down but have to cover the tax (i.e. $70 if you have 7% tax rate in your state)
thanks, from your history here I always trust content by Sarafil
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