proTUNING Freaks
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

Go Back   BMW M3 and BMW M4 Forum > BMW F80 M3 / F82 M4 Forum > F80 M3 / M4 Pricing, Ordering, European Delivery

Post Reply
 
Thread Tools Search this Thread
      03-30-2015, 08:43 PM   #111
OneRib
Colonel
United_States
1078
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Quote:
Originally Posted by golovko View Post
Not sure if this has been answered before but I am taking advantage of the pull ahead program. Right now I have about 7 months left on my lease but when I turn in the car there will be about 4.5 months left. Currently I am just at 20k miles (36 months/10k miles). Even without pull ahead I will be well under the 30k miles at the end of my lease. Are they going to be calculating my miles at roughly 833 miles a month for this last year minus whatever months I have left at turn in?
No they just expect you to be under 30k miles when you turn it in. One advantage of lease pull ahead. Though in your case it doesn't matter.
__________________
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15
My AY M3 ED
Appreciate 1
      03-31-2015, 12:56 PM   #112
afadeev
Colonel
afadeev's Avatar
1115
Rep
2,537
Posts

Drives: F80 M3
Join Date: Jan 2012
Location: NYC

iTrader: (0)

Quote:
Originally Posted by tzsgti View Post
Quote:
Originally Posted by afadeev
Definitely true.

I had my previous 335ix leased, and had swapped out wheels and tires within first year in favor of 18" BBS wheels with PSS's. Drove that way to pre-lease-return inspection, and had a lovely $2.5+K estimated cost to "return wheels and tire to stock".

Put OEM wheels and RFTs back on the night prior to lease return date, and had a clean return the next day (after some haggling over the size of a few dings, net of mileage overage that was zeroed out later).
different wheels though that's a noticeable modification vs. another brand tires or incorrect rating.
I wanted to be crystal clear for anyone searching archives in the future - the major hold-up on lease pre-inspection were non-RFT tires.
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
__________________
'19 TM3P (BK/BK)
'15 F80 M3 (SO/SS)
ex-'17 I01 i3-BEV (PB/DD), ex-'15 I01 i3-REX, ex-E90, E46, E36's, E30's
Appreciate 0
      04-03-2015, 12:44 PM   #113
M4LF
Second Lieutenant
United_States
43
Rep
253
Posts

Drives: BMW M4
Join Date: Jan 2009
Location: CA

iTrader: (0)

Quote:
Originally Posted by OneRib View Post
No they just expect you to be under 30k miles when you turn it in. One advantage of lease pull ahead. Though in your case it doesn't matter.
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.
Appreciate 0
      04-03-2015, 01:26 PM   #114
OneRib
Colonel
United_States
1078
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Quote:
Originally Posted by mso4 View Post
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.
It may be perfect for you. By 2.5 years you with be at about 40k and it would be cheaper to prepay the extra mileage at $0.16/mile rather than take the 2% residual hit for a 15k/year lease.

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.
__________________
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15
My AY M3 ED
Appreciate 0
      04-03-2015, 01:53 PM   #115
M4LF
Second Lieutenant
United_States
43
Rep
253
Posts

Drives: BMW M4
Join Date: Jan 2009
Location: CA

iTrader: (0)

Quote:
Originally Posted by OneRib View Post
It may be perfect for you. By 2.5 years you with be at about 40k and it would be cheaper to prepay the extra mileage at $0.16/mile rather than take the 2% residual hit for a 15k/year lease.

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.
Actually come to think of it, it should still benefit me to do 12k even though I need 15k. In terms of total payments it's a wash: $28,796 for 15k and $28,747 for 12k plus extra 0.16 at the end. In terms of money due at signing it's slightly better at $7813 (7 MSDs, zero down) for 15k vs $7421 for 12k miles.

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.
Appreciate 0
      04-03-2015, 03:18 PM   #116
OneRib
Colonel
United_States
1078
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Quote:
Originally Posted by mso4 View Post
Actually come to think of it, it should still benefit me to do 12k even though I need 15k. In terms of total payments it's a wash: $28,796 for 15k and $28,747 for 12k plus extra 0.16 at the end. In terms of money due at signing it's slightly better at $7813 (7 MSDs, zero down) for 15k vs $7421 for 12k miles.

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.
You seem to have a very good grasp of it, so I'm sure you'll be fine. When are you trying to do ED?
__________________
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15
My AY M3 ED
Appreciate 0
      04-03-2015, 04:33 PM   #117
M4LF
Second Lieutenant
United_States
43
Rep
253
Posts

Drives: BMW M4
Join Date: Jan 2009
Location: CA

iTrader: (0)

Quote:
Originally Posted by OneRib View Post
You seem to have a very good grasp of it, so I'm sure you'll be fine. When are you trying to do ED?
Thanks. I'm trying to confirm 6/5 as we speak so a little nervous haha
Appreciate 0
      04-03-2015, 04:37 PM   #118
OneRib
Colonel
United_States
1078
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Quote:
Originally Posted by mso4 View Post
Thanks. I'm trying to confirm 6/5 as we speak so a little nervous haha
Good luck. I have to wait until 7/9 myself. You will have a great time.
__________________
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15
My AY M3 ED
Appreciate 0
      04-04-2015, 11:46 AM   #119
evobeatsti
Private First Class
27
Rep
105
Posts

Drives: 2016 M3
Join Date: Mar 2015
Location: Los Angeles

iTrader: (0)

this should be stickied!
Appreciate 0
      04-04-2015, 02:30 PM   #120
OneRib
Colonel
United_States
1078
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Quote:
Originally Posted by evobeatsti View Post
this should be stickied!
Thanks. Don't know the process for it becoming a sticky. I just try and update the original post as I learn more or things change. I also will give it a bump every once in a while for new members so it's not buried.
Appreciate 0
      04-05-2015, 10:49 PM   #121
MatthewDavid
Captain
117
Rep
727
Posts

Drives: 2015 F82 M4 BSM/CCBs
Join Date: Oct 2008
Location: San Francisco, CA

iTrader: (0)

Garage List
2015 F82 M4  [0.00]
2012 E92 M3 ZCP  [0.00]
2008 E92 M3  [4.50]
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?
Appreciate 0
      04-06-2015, 12:27 PM   #122
Mako
(Sold) 2000 M Roadster, 2006 M Coupe, 2016 M3
United_States
801
Rep
2,206
Posts

Drives: '20 X3MC DG/SO '19 Volvo XC90
Join Date: Jul 2009
Location: Chicago suburbs

iTrader: (0)

Quote:
Originally Posted by MatthewDavid View Post
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?
I believe the MSD is a security deposit insuring that you make your monthly payments, that's it! So even if they try to ding you for $500 at lease turn-in, I don't think they withhold that from your MSD refund, I think its a different issue all together (could be wrong on this). They way I always understood it is that your 7 MSDs are really just like paying them 7 months in advance.
Appreciate 0
      04-06-2015, 03:59 PM   #123
Mako
(Sold) 2000 M Roadster, 2006 M Coupe, 2016 M3
United_States
801
Rep
2,206
Posts

Drives: '20 X3MC DG/SO '19 Volvo XC90
Join Date: Jul 2009
Location: Chicago suburbs

iTrader: (0)

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.
Appreciate 0
      04-06-2015, 04:07 PM   #124
MFNATIK
Major General
MFNATIK's Avatar
United_States
1453
Rep
2,997
Posts

Drives: 17 F80 ZCP, 05 M3C
Join Date: Aug 2014
Location: SoCal

iTrader: (0)

For CA, do we pay taxes on the depreciation? Or is it the total purchase price?
Appreciate 0
      04-06-2015, 05:26 PM   #125
OneRib
Colonel
United_States
1078
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Quote:
Originally Posted by MatthewDavid View Post
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?
You are correct. If the car is totaled, you get the MSD's back. It happens as soon as BMW gets the check from the insurance company. The only time you could have an issue ion that situation is if the insurance company refuses to pay off on the vehicle. I would say that's going top be rare and would involve illegal activities most times.

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.
__________________
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15
My AY M3 ED
Appreciate 0
      04-06-2015, 05:29 PM   #126
OneRib
Colonel
United_States
1078
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Quote:
Originally Posted by Mako View Post
I believe the MSD is a security deposit insuring that you make your monthly payments, that's it! So even if they try to ding you for $500 at lease turn-in, I don't think they withhold that from your MSD refund, I think its a different issue all together (could be wrong on this). They way I always understood it is that your 7 MSDs are really just like paying them 7 months in advance.
They won't withhold it if you pay what's owed on the lease first. Generally if you have MSD's you would just let them subtract any owed money out first. Then you get the rest. No point in paying it first. Only issue would be if there are disputed charges. BMW is pretty straightforward with their lease turn ins; it should not be a big issue for most.
__________________
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15
My AY M3 ED
Appreciate 0
      04-06-2015, 05:31 PM   #127
OneRib
Colonel
United_States
1078
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Quote:
Originally Posted by MFNATIK View Post
For CA, do we pay taxes on the depreciation? Or is it the total purchase price?
Don't know CA rules for leasing. I would ask GOLFFRR.
He is in CA and works in the finance department for Steve Thomas BMW.
__________________
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15
My AY M3 ED
Appreciate 0
      04-06-2015, 05:33 PM   #128
OneRib
Colonel
United_States
1078
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Quote:
Originally Posted by Mako View Post
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.
That is exactly correct and why most advocate paying your fees up front and also why MSDs are popular. MSDs are not taxed as a down payment, so Illinois would not touch that money. It also isn't income when you get it back.
__________________
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15
My AY M3 ED
Appreciate 0
      04-06-2015, 05:36 PM   #129
MatthewDavid
Captain
117
Rep
727
Posts

Drives: 2015 F82 M4 BSM/CCBs
Join Date: Oct 2008
Location: San Francisco, CA

iTrader: (0)

Garage List
2015 F82 M4  [0.00]
2012 E92 M3 ZCP  [0.00]
2008 E92 M3  [4.50]
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).


Quote:
Originally Posted by MFNATIK View Post
For CA, do we pay taxes on the depreciation? Or is it the total purchase price?
Appreciate 0
      04-06-2015, 05:37 PM   #130
MatthewDavid
Captain
117
Rep
727
Posts

Drives: 2015 F82 M4 BSM/CCBs
Join Date: Oct 2008
Location: San Francisco, CA

iTrader: (0)

Garage List
2015 F82 M4  [0.00]
2012 E92 M3 ZCP  [0.00]
2008 E92 M3  [4.50]
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).

Quote:
Originally Posted by Mako View Post
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.
Appreciate 0
      04-06-2015, 06:15 PM   #131
MFNATIK
Major General
MFNATIK's Avatar
United_States
1453
Rep
2,997
Posts

Drives: 17 F80 ZCP, 05 M3C
Join Date: Aug 2014
Location: SoCal

iTrader: (0)

Quote:
Originally Posted by MatthewDavid View Post
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).
Thanks for confirming. This is why this forum is so awesome.

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.
Appreciate 0
      04-07-2015, 11:36 AM   #132
OneRib
Colonel
United_States
1078
Rep
2,448
Posts

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Quote:
Originally Posted by MatthewDavid View Post
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).
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.
__________________
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15
My AY M3 ED
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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 Off



All times are GMT -5. The time now is 09:06 AM.




f80post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST