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Question:

If you turn in a leased BMW that had say a $600 sec deposit and then leased another BMW, should you get the first deposit back and then not have to pay another? Or is the first deposit transferred to the new lease thus appearing like it was "waived?"

Matt
 

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Question:

If you turn in a leased BMW that had say a $600 sec deposit and then leased another BMW, should you get the first deposit back and then not have to pay another? Or is the first deposit transferred to the new lease thus appearing like it was "waived?"

Matt
1st one returned and second one waived. Along with disposition fee waived, $350, on first one.
 

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1st one returned and second one waived. Along with disposition fee waived, $350, on first one.
Jim, if you have MSDs (about $4000) with BMWFS on 1st one, what happens on new one? On lease, will they apply it? Or do you have to put new down, and wait for old to be returned? What if you buy, can they apply the old to reduce cost of new purchase?
 

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Jim, if you have MSDs (about $4000) with BMWFS on 1st one, what happens on new one? On lease, will they apply it? Or do you have to put new down, and wait for old to be returned? What if you buy, can they apply the old to reduce cost of new purchase?
Usually apply new and wait for old. Second part is yes. But I would have F&I Mgr. call FS and ask them if they could roll over the MSD's.
 
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