03-30-2015, 08:43 PM | #111 | |
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03-31-2015, 12:56 PM | #112 | ||
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Dealer was going to dismount my PSS tires and re-install RFTs, then noticed non-OEM forged BBS wheels (fronts required spacers), and there it went. Tire brand did not matter. The fact that I got RFTs on day 0 and was thought to be returning the car with non-RFTs at the end of the least is what triggered the notification that I would have been charged for replacing PSS's (to be thrown away) with RFTs. a
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04-03-2015, 12:44 PM | #113 |
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I usually drive 45-50k miles every three years. So by year two I usually have at least 30k miles. So does that mean pull ahead is not an option for me then. I was thinking of leasing for 12k instead of 15k this time and get a new lease within the last 3-4 months.
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04-03-2015, 01:26 PM | #114 | |
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Now there are some potential pitfalls. 1- Many times M cars are not eligible for lease pull ahead 2- They may not offer lease pull ahead or have it at a time when you're eligible 3- If you wanted to stay in the lease until the end That being said, it's not a huge financial hit to pay for extra mileage and you can do that up to the day before lease maturity and get the discounted rate (0.16 vs 0.20). Also you can buy extra mileage multiple times so if you aren't sure exactly how many miles you'll need, you can always underestimate. Lastly pre-purchased extra mileage can be refunded at a prorated amount if you don't use it all.
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04-03-2015, 01:53 PM | #115 | |
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Potential benefits are if they decide in three years to make M cars eligible for lease pull ahead then I'll save to additional payment of mileage and waive disposition fees. So essentially zero downsides and a few potential upsides. Just started the process for an ED M4 this morning so crossing my fingers that everything will go smoothly. |
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04-03-2015, 03:18 PM | #116 | |
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04-03-2015, 04:33 PM | #117 |
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04-03-2015, 04:37 PM | #118 |
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Good luck. I have to wait until 7/9 myself. You will have a great time.
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04-04-2015, 02:30 PM | #120 |
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04-05-2015, 10:49 PM | #121 |
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OneRib or anyone else that knows...
Since BMW includes lease gap protection what happens to the MSDs if the car is a total loss (wreck or stolen & never found)? It seems like you always get your MSDs back if you meet the conditions of the lease agreement and have no damage at turn in; is that correct? |
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04-06-2015, 12:27 PM | #122 | |
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04-06-2015, 03:59 PM | #123 |
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I noticed lots of people saying the only thing you should put down on a lease is the MSD and first payment, roll everything else in.
I think this might depend on what State you live in though, in Illinois for instance the new tax law taxes a lease on the down payment plus monthly payments. So I read this as "fees" like acquisition fee, doc fees, DMV fees are not a "deposit" so if paid up front there should be no tax on them (7% for me) but if I roll them into the lease, then I would be charged 7% tax on them! seems silly to roll something in and have to pay taxes because of that, other states might be different. |
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04-06-2015, 05:26 PM | #125 | |
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Yes again as far as lease turn in. In fact many people will roll it into their next lease for a fresh set of MSDs.
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04-06-2015, 05:29 PM | #126 | |
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04-06-2015, 05:31 PM | #127 | |
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He is in CA and works in the finance department for Steve Thomas BMW.
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04-06-2015, 05:33 PM | #128 | |
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04-06-2015, 05:36 PM | #129 |
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In California, tax is applied to the base payment + interest payment. The base payment is the depreciation. You should download Leasematic (again I'm not affiliated, just think it's an awesome app).
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04-06-2015, 05:37 PM | #130 | |
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Wouldn't rolling it in also imply you're not paying the full amount, rather the residualized amount? If so, you're paying ~40 cents on the dollar (or a little more than that with tax).
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04-06-2015, 06:15 PM | #131 | |
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I actually did download it but since I don't use an iPhone, I have to borrow the wife's phone whenever she is around. Ditched iOS for Android so I don't even use their iPads either hahah. |
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04-07-2015, 11:36 AM | #132 |
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It may imply that, but when you roll in fees, the whole amount is paid over the lease term. You can't pay a residual for your fees.
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