Mulitple Security Deposits 101: What Are They & Why Are They So Popular Here? - Page 8 - Bimmerfest - BMW Forums



Go Back   Bimmerfest - BMW Forums > BMW Buyers Guide - Dealers, resources, pricing, tips and trick > Ask-A-BMW-Dealer

Ask-A-BMW-Dealer
Talk to our team of BMW Client Advisors from supporting BMW dealerships. Get all of your BMW pricing, ordering, buying, financing, and leasing questions answered here!

Reply
 
Thread Tools Display Modes
  #176  
Old 12-05-2017, 07:32 AM
AksNasZasNas AksNasZasNas is offline
Officially Welcomed to the 'Fest
Location: Jersey
 
Join Date: May 2013
Posts: 326
Mein Auto: ELECTRIFi3D
Mulitple Security Deposits 101: What Are They & Why Are They So Popular Here?

Is it possible to get MSDs for a second vehicle that is being added? Or, do you have to return the prior car that has the MSDs? (I have 10 months to go but want to add a car right now.) Id appreciate any help.

Separately, Im glad my intel about MSDs coming back was correct. So happy to give back to the Fest community.

ETA: I know that the doc floating around says you have to rollover MSDs. Wondering if others have had success getting a second car with MSDs nonetheless.

Last edited by AksNasZasNas; 12-05-2017 at 07:39 AM.
Reply With Quote
Sponsored Links
Advertisement
 
  #177  
Old 12-05-2017, 11:19 AM
rkinra's Avatar
rkinra rkinra is offline
Officially Welcomed to the 'Fest
Location: Washington, DC
 
Join Date: Dec 2006
Posts: 956
Mein Auto: 2017 X5 3.5d & 330xi
Quote:
Originally Posted by AksNasZasNas View Post
Is it possible to get MSDs for a second vehicle that is being added? Or, do you have to return the prior car that has the MSDs? (I have 10 months to go but want to add a car right now.) Id appreciate any help.

Separately, Im glad my intel about MSDs coming back was correct. So happy to give back to the Fest community.

ETA: I know that the doc floating around says you have to rollover MSDs. Wondering if others have had success getting a second car with MSDs nonetheless.
I just tried to do that and was told that BMWFS wont allow MSDs on a second vehicle (unless of course its a roll over).

I was really hoping that I could do it, because it would have dropped by lease by $30/mo.
__________________
Current:

Mine: 2017 X5 3.5d Space Grey | Black Dakota | Fineline Oak | /// M-Sport w/ Adaptive M Suspension + 20" 469M | ZCW | ZDA | ZDB + ACC Stop & Go | ZPP | Multi Contours + Comfort Rear Seats | Rear Window Shades | Parking Assistant | HK Stereo | Apple CarPlay

Hers: 2017 330xi Alpine White | Venetian Beige | ZPP | ZDA | NAV | Apple CarPlay


Previous:
2014 535i /// M-Sport w/ 704
2011 Range Rover Sport HSE LUX
2009 535i
2007 525i
2002 330ci

BMW CCA # 309838


Reply With Quote
  #178  
Old 12-05-2017, 09:40 PM
dima123's Avatar
dima123 dima123 is offline
Officially Welcomed to the 'Fest
Location: new york
 
Join Date: Jul 2005
Posts: 961
Mein Auto: 15 3gt, 15 x1,16 340xi
Quote:
Originally Posted by MJBrown62 View Post
Eastern Region:

New England/Upstate New York/PA down to DC/Virginia.

Not all of the "east coast"

Just for clarity.

mjb
A bmw dealer called me to do pull ahead on one of the cars due in march. Said MSD still exists if you currently have it on your car. Any truth to this? Dealer is New Jersey.
__________________
Current cars
2016 340 xdrive m-sport
2015 x1 28i
2015 328 gt



Past rides
2013 Activehybrid 3
2012 x5 35d
2012 528xi
2011 z4 3.0i
2010 BMW 528i
2009 BMW 328xi
2006 Bmw X3
2004 BMW 325i
Reply With Quote
Sponsored Links
Advertisement
 
  #179  
Old 12-06-2017, 06:41 AM
Shon528's Avatar
Shon528 Shon528 is offline
Officially Welcomed to the 'Fest
Location: Boston, MA
 
Join Date: Oct 2003
Posts: 1,346
Send a message via AIM to Shon528 Send a message via Yahoo to Shon528
Mein Auto: '16 GLE350
Quote:
Originally Posted by dima123 View Post
A bmw dealer called me to do pull ahead on one of the cars due in march. Said MSD still exists if you currently have it on your car. Any truth to this? Dealer is New Jersey.
Yes it is for certain east coast markets. If it is being offered to you, then it will apply. MF reduction is less than it used to be though.
__________________
Boston CCA 383036
'20 M340i (on order, ED 4/2020)
'19 MB GLS450
'07 4Runner V8 Limited 4WD

Gone: '17 340i 6mt, MPPSK, PCD 2/17, '16 GLE350, '06 LR3 HSE, '14 320i 6MT ZSP ZPP PCD 5/14, '12 ML350 diesel, '11 Accord 5mt, '10 MDX, '08 Accord 5mt, '06 Xterra 6mt, '98 528i, '95 Mazda Millenia
Reply With Quote
  #180  
Old 12-06-2017, 10:40 AM
LycanNyc's Avatar
LycanNyc LycanNyc is offline
BMWCCA '505245
Location: NYC/NJ
 
Join Date: Apr 2012
Posts: 1,354
Send a message via AIM to LycanNyc
Mein Auto: F80 ZCP
Quote:
Originally Posted by dima123 View Post
A bmw dealer called me to do pull ahead on one of the cars due in march. Said MSD still exists if you currently have it on your car. Any truth to this? Dealer is New Jersey.
Which dealer? What car?
__________________
Custom CTS Turbo FMIC + Custom CTS Turbo Downpipe + E30 BM3 OTS Map *PM if any questions on X4 M40i and mods*

7/14 - 3/16 | 14' X3 Msport
3/16 - 7/18 | 16' X4 M40i LBB
7/18 -Present | 17' F80 ZCP
WishList - X3M or X4M

Member: BMWCCA #505245
Reply With Quote
  #181  
Old 12-06-2017, 12:59 PM
AksNasZasNas AksNasZasNas is offline
Officially Welcomed to the 'Fest
Location: Jersey
 
Join Date: May 2013
Posts: 326
Mein Auto: ELECTRIFi3D
Quote:
Originally Posted by rkinra View Post
I just tried to do that and was told that BMWFS wont allow MSDs on a second vehicle (unless of course its a roll over).



I was really hoping that I could do it, because it would have dropped by lease by $30/mo.


Thanks for info. Ill report back if I get a different result.
Reply With Quote
  #182  
Old 12-21-2019, 01:20 PM
Jon Shafer's Avatar
Jon Shafer Jon Shafer is offline
Bimmerfest Founder
Location: BMW of Santa Maria
 
Join Date: Dec 2001
Posts: 14,879
Mein Auto: E92 M3 Cp + E30 325
MSDs are back, btw. The rate reduction is .00005 for each up to a total of 7. Max reduction is .00035.

Still worthwhile!



BMW FINANCIAL SERVICES
New Multiple Security Deposit Program

BMW of North America in conjunction with BMW Financial Services are pleased to announce that the Multiple
Security Deposit (MSD) Rate Reduction Program will continue through January 2, 2020 and will be available
for all customers who choose to either put down multiple security deposits on their new lease, or
transfer the balance from their existing lease at lease end.

The structure for the program will be a money factor reduction of 5 points for every security deposit, with a
maximum of 7 security deposits and a .00035 rate reduction. The contracted rate may not go below 0.00005.




Security Deposit Calculation
Security Deposit are calculated by rounding the customer's payment up to the nearest $50
increment.
For example, if the customer's monthly payment is $425, each security deposit should
be $450. If the customer transfers $3,150 (7 x $450), they will receive the maximum
rate reduction of 35 points.
The monthly payment should be calculated with the rate reduction first. If the
customer's payment is $425, but calculated at $399 once the 35 point reduction is
applied, then the security deposit maximum is $2,800 (7 x $400).
If the customer's current security deposit amount exceeds the maximum needed for
the rate reduction, the surplus can be remitted to the customer at lease end.
Security Deposits cannot exceed $749 for New York lessees.

.
Attached Thumbnails
Click image for larger version

Name:	_ad4e9f0852854c13bc0caac18ad1a9fd-1.jpg
Views:	123
Size:	62.9 KB
ID:	876253  
__________________

No-Haggle/Internet Special Pricing NEW BMW SALES email me for a quote: [email protected]

Last edited by Jon Shafer; 12-21-2019 at 01:51 PM.
Reply With Quote
  #183  
Old 01-26-2020, 07:25 PM
MauiSteve MauiSteve is offline
Registered User
Location: Maui, HI
 
Join Date: Apr 2019
Posts: 51
Mein Auto: 2020 M Sport 540i
Well January 2, 2020 has come and gone... Is this program still available to new lease customers or not?

Does asking for the inclusion of this program in your new lease contract tend to ruffle the feathers of the F&I guy?
__________________
2020 540i MSport | Alpine White | Mocha Nappa | Aluminum Rhombicle | Exec Pkg | Luxury Seating | Bowers & Wilkins | Parking Assistance Pkg | MSport Brakes | Ceramic Controls | Space Saver Spare |
Reply With Quote
  #184  
Old 01-26-2020, 07:28 PM
GreenLantern GreenLantern is offline
Officially Welcomed to the 'Fest
Location: SoCal and NorCal
 
Join Date: Mar 2013
Posts: 153
Mein Auto: Habe ein Deutsches Auto
Quote:
Originally Posted by MauiSteve View Post
Well January 2, 2020 has come and gone... Is this program still available to new lease customers or not?

Does asking for the inclusion of this program in your new lease contract tend to ruffle the feathers of the F&I guy?
Curious to know myself. I've always loved doing 7 MSDs.
Reply With Quote
  #185  
Old 01-26-2020, 07:40 PM
mffalrrel mffalrrel is online now
Officially Welcomed to the 'Fest
Location: Vancouver, WA
 
Join Date: Jul 2011
Posts: 116
Mein Auto: M550i, Porsche 911 Turbo
So why would I lease a BMW if I can't write it off, and I have the capability to pay cash? I tend to keep my cars for at least 10 years.

Thanks!
Reply With Quote
  #186  
Old 01-26-2020, 08:23 PM
Jon Shafer's Avatar
Jon Shafer Jon Shafer is offline
Bimmerfest Founder
Location: BMW of Santa Maria
 
Join Date: Dec 2001
Posts: 14,879
Mein Auto: E92 M3 Cp + E30 325
Quote:
Originally Posted by mffalrrel View Post
So why would I lease a BMW if I can't write it off, and I have the capability to pay cash? I tend to keep my cars for at least 10 years.

Thanks!
Because if you max out your MSDs you can actually make money, at least beat what you might earn if you compare to interest rates banks are paying nowadays.

And, if you are a returning/loyal BMW owner, you qualify for both Lease Credits and Owner Loyalty credits that you would *not* be entitled to if you simply stroked a check for your new BMW,. If for example you were getting a 2020 X3 or X4 M40i, you would miss out on $4,750.00 in FREE MONEY.
__________________

No-Haggle/Internet Special Pricing NEW BMW SALES email me for a quote: [email protected]
Reply With Quote
Reply

See More Related BMW Stories


Forum Navigation
Go Back   Bimmerfest - BMW Forums > BMW Buyers Guide - Dealers, resources, pricing, tips and trick > Ask-A-BMW-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


All times are GMT -7. The time now is 12:23 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
© 2001- VerticalScope Inc. All rights reserved.