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      04-10-2015, 02:35 PM   #199
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Quote:
Originally Posted by OneRib View Post
Yes they will negotiate. You can go through any BMW dealer and basically shop the car or call BMFS directly to see if they will take a lesser price.
Thanks for the info
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      04-10-2015, 03:43 PM   #200
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lets say after 36 months you decide to keep the vehicle.
does the residual become the finance?

also how about if you want to lease it for 1 more year before making that decision ? does that ever get offered?
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      04-10-2015, 04:23 PM   #201
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Originally Posted by Stargunz View Post
lets say after 36 months you decide to keep the vehicle.
does the residual become the finance?

also how about if you want to lease it for 1 more year before making that decision ? does that ever get offered?
Yes the residual amount is what is financed. Every month you total payoff amount decreases. You are welcome to buy the car at any point of the lease.

I have seen other members extend there lease, but BMWFS must approve. Most times i see it happen when an ordered car still needs to come in.
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      04-12-2015, 03:23 PM   #202
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Great post OP - thanks!
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      04-18-2015, 02:05 AM   #203
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Originally Posted by thecurryman View Post
So guys, I have got a quick question about leasing and thought it would be best posted in here. I have negotiated a lease thats like this:

M3
MSRP: 65575
Sale: 619900
Residual: 63%
MF w/ 7 MSD: .00081
Upfront charges + first month payment: 1505
Cap cost reduction: $1000

Monthly is 616 + tax.

My question is this: I qualify for the college grad incentive of $1000 which is great but is that incentive applied to the sale price or used as a cap cost reduction. It is my understanding that since its not like I am receiving a check or cash from BMW to use as a cap cost reduction then shouldn't my sale price be lowered by $1000?

Thanks guys! Love the info here, really helped with finding a good deal.
Great Deal. How much was each MSD for ? Is there a fixed amount ? I read its rounded off to 50$. Im sorry but a little unclear about this (only the amount part ....the concept of MSD & subsequent lowering of MF i get crystal clear).
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      04-18-2015, 02:17 AM   #204
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Originally Posted by bigsid05 View Post
Yes, BMW essentially controls how many cars each dealer can sell.

Right now, all ED cars, except M models, come out of a separate allocation pool. It means these are bonus sales for the dealership. And despite the limitation on allocations for ED M cars, dealerships are still willing to go pretty close to invoice.

You can negotiate further with your dealership, I got it down to $1k over invoice and others have gone lower.
Can you directly ask the Dealer of the invoice ? Is he legally bound to tell you .
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      04-18-2015, 07:56 AM   #205
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You can ask. Most will tell but not legally bound. Plus, invoice information is readily available here/on the net.

Also, regarding the MSD's, each SD is the monthly payment rounded to the $50 mark. So, if your monthly is $790, each SD would be $800. 7 SD's = $5600 in my example.

MSD's is money well "invested."

Last edited by dme330i; 04-18-2015 at 07:22 PM..
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      04-18-2015, 01:02 PM   #206
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Quote:
Originally Posted by Mav007 View Post
Can you directly ask the Dealer of the invoice ? Is he legally bound to tell you .
You're welcome to ask. Dealers do not have to legally disclose invoice pricing. Keep in mind, the invoice pricing that is discussed on this forum and available around the Internet is not necessarily what a dealer pays for the car.
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      04-18-2015, 05:28 PM   #207
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Quote:
Originally Posted by dme330i View Post
You can ask. Most will tell but not legally bound. Plus, invoice information is readily available here/on the net.

Also, regarding the MSD's, each SD is the monthly payment rounded to the $50 mark. So, if your monthly is $790, each SD would be $800. 7 SD's = $5600 in my example.

MSD's is money well invested.
Thank You very much. So if i get it right the monthly EMI is calculated 1st & then you decide how many MSDs you would like to do which further reduces the MF & eventually the EMIs or I'm completely missing something here?
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      04-18-2015, 05:30 PM   #208
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Originally Posted by MRCUR View Post
You're welcome to ask. Dealers do not have to legally disclose invoice pricing. Keep in mind, the invoice pricing that is discussed on this forum and available around the Internet is not necessarily what a dealer pays for the car.
Thank you very much. The invoice is only based on the base price right? Not the final MSRP.Since everyone adds different options for his/her likes & needs.
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      04-18-2015, 06:34 PM   #209
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Quote:
Originally Posted by Mav007
Quote:
Originally Posted by MRCUR View Post
You're welcome to ask. Dealers do not have to legally disclose invoice pricing. Keep in mind, the invoice pricing that is discussed on this forum and available around the Internet is not necessarily what a dealer pays for the car.
Thank you very much. The invoice is only based on the base price right? Not the final MSRP.Since everyone adds different options for his/her likes & needs.
There is invoice pricing not only for the base car, but also for each option.

If you configure an M3/4 on True Car, it will give you the MSRP and invoice pricing. That invoice pricing is accurate. Many people have been able to secure deals that are only about $1,000 above invoice pricing.
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      04-18-2015, 06:46 PM   #210
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Quote:
Originally Posted by Mav007 View Post
Thank You very much. So if i get it right the monthly EMI is calculated 1st & then you decide how many MSDs you would like to do which further reduces the MF & eventually the EMIs or I'm completely missing something here?
I actually think its the other way around. You have you monthly payment established after you tell them how many MSD's. Then you round up to the nearest $50 multiply that by the number of MSDs.

Someone correct me if I'm wrong.
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      04-18-2015, 07:21 PM   #211
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Quote:
Originally Posted by OneRib View Post
I actually think its the other way around. You have you monthly payment established after you tell them how many MSD's. Then you round up to the nearest $50 multiply that by the number of MSDs.

Someone correct me if I'm wrong.
That's correct.

Also, I've done MSD's 3 times now. I typically get my MSD's back within 3-4 weeks after the lease has terminated.
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      04-18-2015, 07:42 PM   #212
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Quote:
Originally Posted by dme330i View Post
That's correct.

Also, I've done MSD's 3 times now. I typically get my MSD's back within 3-4 weeks after the lease has terminated.
Thanks for confirming.
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      04-18-2015, 07:55 PM   #213
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Quote:
Originally Posted by OneRib View Post
I actually think its the other way around. You have you monthly payment established after you tell them how many MSD's. Then you round up to the nearest $50 multiply that by the number of MSDs.

Someone correct me if I'm wrong.
Got it & the Amount of each MSD entirely depends on you & i saw from the thread that Max number is 7 (.00007 MF) each. Eg if i had to make 7 MSDs of 500$ each (3500$) will bring down the MF by .00049 which finally equals to .00081 (.00130-.00049) *2400=1.94APR.
dme330i Thank you. Since i plan to be with BMW for a long long time (just like it many folds over an AUDI or A Merc) and LEASE ONLY , Is it a good thing to do the MSDs to keep APR low?
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      04-18-2015, 07:58 PM   #214
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Quote:
Originally Posted by MRCUR View Post
There is invoice pricing not only for the base car, but also for each option.

If you configure an M3/4 on True Car, it will give you the MSRP and invoice pricing. That invoice pricing is accurate. Many people have been able to secure deals that are only about $1,000 above invoice pricing.
I went to the true car site. They have clubbed in the options package even those that i don't want e.g.. Not a fan of driver assistant package at all but they've put it with executive & suspension & not option of alloys but got a general idea.I mean if the dealer can pull off 5-7% MSRP that would be a good point to being with. Thanks once again.
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      04-18-2015, 08:35 PM   #215
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Quote:
Originally Posted by Mav007 View Post
Got it & the Amount of each MSD entirely depends on you & i saw from the thread that Max number is 7 (.00007 MF) each. Eg if i had to make 7 MSDs of 500$ each (3500$) will bring down the MF by .00049 which finally equals to .00081 (.00130-.00049) *2400=1.94APR.
dme330i Thank you. Since i plan to be with BMW for a long long time (just like it many folds over an AUDI or A Merc) and LEASE ONLY , Is it a good thing to do the MSDs to keep APR low?
Yes in your situation MSD's make perfect sense.
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      04-18-2015, 08:37 PM   #216
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Quote:
Originally Posted by Mav007 View Post
I went to the true car site. They have clubbed in the options package even those that i don't want e.g.. Not a fan of driver assistant package at all but they've put it with executive & suspension & not option of alloys but got a general idea.I mean if the dealer can pull off 5-7% MSRP that would be a good point to being with. Thanks once again.
Truecar does allow you to select your options yourself but it can be a little confusing to get there. You want to make sure that you pick configure options after you input the make and model of car. If you let truecar decide, it just puts in the most commonly chosen options.
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      04-23-2015, 06:56 PM   #217
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Thanks Onerib. Awesome post. I'm in my first lease ever. You said that the car can pretty much be sold to anybody (I'm assuming non-BMW dealer as well). So, I talked to a dealer, who wants me to make a deal on on of their vehicles. They wanted to know my payoff, my monthlys, my mileage, time left.

Here's my real world numbers followed by a couple questions. I called BMWFS, and my payoff on my 2014 228i is 36,800. The MSRP, including the $950 destination charge, came to $41,600. I've made 10 out of 36 payments I think. Also researched trade in values on KBB and the car was only coming at about $31k. I only have a little over 5,000 miles though if that makes a difference.

So, here are my questions. Does this mean that for anyone, including a dealer, to buy my car, BMWFS has to get $36,800 in their hands? Assuming, for sake of argument, that dealer only wants to give me $31k, I suppose that means that I need to come up with another $5,800? On the other end of possible scenarios, is this $36,800 number a good thing if I were to see the lease to the end. Obviously, in 2 more years, there will be more depreciation, but it seems that the high buyout number at this point would mean it's worth more at the end. I could be completely wrong in my understanding of this point though. I had suggested to the dealer I wait until I build more equity, but how can I build more equity if the car is constantly depreciating? If I truly wanted to get a different car (btw, I'm very happy with my Bimmer, but just exploring options), would it make more sense to be further into the lease?

I apologize for all the questions, but the buyout scenario is extremely confusing to me, and I'm hoping with some real world numbers, you can help me make more sense of this. Thanks for any replies in advance. Loving this thread.
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      04-23-2015, 08:28 PM   #218
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Quote:
Originally Posted by angelbones View Post
Thanks Onerib. Awesome post. I'm in my first lease ever. You said that the car can pretty much be sold to anybody (I'm assuming non-BMW dealer as well). So, I talked to a dealer, who wants me to make a deal on on of their vehicles. They wanted to know my payoff, my monthlys, my mileage, time left.

Here's my real world numbers followed by a couple questions. I called BMWFS, and my payoff on my 2014 228i is 36,800. The MSRP, including the $950 destination charge, came to $41,600. I've made 10 out of 36 payments I think. Also researched trade in values on KBB and the car was only coming at about $31k. I only have a little over 5,000 miles though if that makes a difference.

So, here are my questions. Does this mean that for anyone, including a dealer, to buy my car, BMWFS has to get $36,800 in their hands? Assuming, for sake of argument, that dealer only wants to give me $31k, I suppose that means that I need to come up with another $5,800? On the other end of possible scenarios, is this $36,800 number a good thing if I were to see the lease to the end. Obviously, in 2 more years, there will be more depreciation, but it seems that the high buyout number at this point would mean it's worth more at the end. I could be completely wrong in my understanding of this point though. I had suggested to the dealer I wait until I build more equity, but how can I build more equity if the car is constantly depreciating? If I truly wanted to get a different car (btw, I'm very happy with my Bimmer, but just exploring options), would it make more sense to be further into the lease?

I apologize for all the questions, but the buyout scenario is extremely confusing to me, and I'm hoping with some real world numbers, you can help me make more sense of this. Thanks for any replies in advance. Loving this thread.
Glad you enjoyed the post. The issue you're having is quite common in a lease, because when you lease, there is usually no down payment. This is a benefit if you plan to keep your vehicle but a quick turn around to buy don't make much sense. Also most want a high residual to lower payments on a lease, but that makes the buyout high (artificially high in many cases).

You would do better to swap the lease to someone else and then buy the car you want from the other dealer.

Now you can try and negotiate a lower price with BMWFS, but they aren't likely to deal this early into a lease when you are not buying another BMW.
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      04-24-2015, 06:09 PM   #219
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Sorry if this has been asked already, but why can't you do anything if there are less than 6 months left?
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      04-24-2015, 07:06 PM   #220
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Sorry if this has been asked already, but why can't you do anything if there are less than 6 months left?
I'm not sure exactly what you're referring to, but you can still terminate the lease if you want to by "buying" the car or trading it in. I don't believe BMWFS allows you to transfer the lease once you're in the last 6 months, probably because it's simply not worth their time.
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