[boostnmuscle]

I heard from 2 diff forums that some guys got reamed for asking wut ppl are paying for a lease on the 335i...if its not allowed here could someone please PM me with info if they dont mind? I made a thread yesterday about choosing between the g35s 2007 sedan and the 335i and im just trying to get a feel for the car and see what ill be in for going in there...i want to make sure i can get the best possible deal, whether you post it in here or through PM could you just be specific on the msrp it was listed at (what options) and what downpayment was given as well as monthly payments...please state whether it was a coupe or sedan too...thanks guys

[Bimmer335i07]

[Bimmer335i07]

lol! Sorry dude, couldn't help it.

Seriously though, if you go to www.bimmerfest.com and go to the Ask Dealer section, you will get a lot of info there.

GL!

[2009BMW335]

Originally Posted by boostnmuscle

I heard from 2 diff forums that some guys got reamed for asking wut ppl are paying for a lease on the 335i...if its not allowed here could someone please PM me with info if they dont mind? I made a thread yesterday about choosing between the g35s 2007 sedan and the 335i and im just trying to get a feel for the car and see what ill be in for going in there...i want to make sure i can get the best possible deal, whether you post it in here or through PM could you just be specific on the msrp it was listed at (what options) and what downpayment was given as well as monthly payments...please state whether it was a coupe or sedan too...thanks guys

lol why wouldnt' you be allowed to ask a question???

i put $4k down on a 335i sedan and my payment was $532 a month with 12k miles a year. from south motors down in miami

[OC Guy]

Putting money down on a lease is not a wise idea. If you total your car, your lease is gone. If you want to lower your payments, go with multiple security deposits (MSDs).

[AgsWin]

Originally Posted by awesome

lol why wouldnt' you be allowed to ask a question???

i put $4k down on a 335i sedan and my payment was $532 a month with 12k miles a year. from south motors down in miami

You put $4k down on a lease??? You could have put down $4k as Multiple Security Deposits and had the same result (actually a better result since it lowers your MF) AND you get the money back at the end of the lease.

Dude, please don't recommend putting money down on a lease to any noobies.

[boostnmuscle]

can you go into detail a bit more with how this msd works? that sounds sick! put some cash down, lower your payments AND get it back at the end? explain more so i can understand it better thanks!

[Coldintake]

Originally Posted by AgsWin

You put $4k down on a lease??? You could have put down $4k as Multiple Security Deposits and had the same result (actually a better result since it lowers your MF) AND you get the money back at the end of the lease.

Dude, please don't recommend putting money down on a lease to any noobies.

This is the most uninformed post i've ever read.

1) Get your facts straight
2) Putting down 4k in MSD will NOT lower your payment remotely as much as 4k down.
3) Putting money down lowers your cap cost, whereas putting MSD only lowers your money factor.
4) Know what you're talking about before trying to sound e-hard.

[Coldintake]

Originally Posted by boostnmuscle

can you go into detail a bit more with how this msd works? that sounds sick! put some cash down, lower your payments AND get it back at the end? explain more so i can understand it better thanks!

Well if you want an appropriate response...

First off, putting the same amount of down and MSD will NOT lower your payment equally.

Putting money down you lower your cap cost(which is probably the most important thing in a lease) Hence lowering your payment. You are in essence paying your lease up front, there are not significant benefits to do this as you can probably invest your money. However, if you 'want' a certain payment e.g. No more than $550 a month, then you can pay your lease upfront and lower your payment.

Putting Multiple Security Deposits...

You put money in your lease via lowering your money factor(interest rate in a lease). Each security deposit is equal to 1 month of your payment, rounded up to next $50. I.e. if your payment is $620, you pay $650. You can put up to 7 of these (if you are a previous BMWFS customer). You can put 8 if you're not. If you're not, the first lowers your MF by .0015, then the additional 7 each lower it by .0007.

You get the money back at the end of the lease granted you've paid all your payments and don't have any damage that BMW will charge you for at the end of your lease i.e. dings, bald tires ect.

Doing the MSD program is a good idea because people calculated it and you save more than you could investing it in a risk free account.

The only problem is that your MSD do not lower your monthly payment remotely as much as putting down. So in essence, you need to have about $4-5k to put into your lease, and roughly only drop it 50 bucks a month (random number). If you put 5k into your lease via down payment, you will probably drop it by 150-200 a month.

Make informed decisions!

[AgsWin]

Originally Posted by Coldintake

This is the most uninformed post i've ever read.

1) Get your facts straight
2) Putting down 4k in MSD will NOT lower your payment remotely as much as 4k down.
3) Putting money down lowers your cap cost, whereas putting MSD only lowers your money factor.
4) Know what you're talking about before trying to sound e-hard.

Okay, let me explain this to you as apparently nobody has. If you put down $4000 on a lease and you drive your car for a month, and WHAM! you get in an accident and it is totalled or your car gets stolen, well then your $4000 is BYE BYE!. Insurance will pay off your totaled car and you got a big bag of nothing. If, however, that $4000 was in MSD's, then you would get a nice big fat check from BMWFS for $4000.

Now I don't know what "e-hard" is, and I deffinately dont wanna know what it is from another guy. Take your e-hard on and go somewhere else.

[C4talyst]

lol...i found this thread entertaining and informative...seriously!

[BMW F22]

For a pretty loaded sedan you should only be paying about $500/mo.
Over here we can get sedans for as low as $500 over invoice so that saves a nice $80 or so on the monthly payments.

[Coldintake]

Originally Posted by AgsWin

Okay, let me explain this to you as apparently nobody has. If you put down $4000 on a lease and you drive your car for a month, and WHAM! you get in an accident and it is totalled or your car gets stolen, well then your $4000 is BYE BYE!. Insurance will pay off your totaled car and you got a big bag of nothing. If, however, that $4000 was in MSD's, then you would get a nice big fat check from BMWFS for $4000.

Now I don't know what "e-hard" is, and I deffinately dont wanna know what it is from another guy. Take your e-hard on and go somewhere else.

Apparently you lack reading comprehension as well. Take a look at my second post.

[vegaszen]

Originally Posted by Coldintake

Apparently you lack reading comprehension as well. Take a look at my second post.

I have a question:

If I look at dirty pictures online,
Am I getting an "e-hard on"?

[vegaszen]

Originally Posted by AgsWin

Okay, let me explain this to you as apparently nobody has. If you put down $4000 on a lease and you drive your car for a month, and WHAM! you get in an accident and it is totalled or your car gets stolen, well then your $4000 is BYE BYE!. Insurance will pay off your totaled car and you got a big bag of nothing. If, however, that $4000 was in MSD's, then you would get a nice big fat check from BMWFS for $4000.

Now I don't know what "e-hard" is, and I deffinately dont wanna know what it is from another guy. Take your e-hard on and go somewhere else.

oh,
here's the thing

[Coldintake]

Originally Posted by vegaszen

I have a question:

If I look at dirty pictures online,
Am I getting an "e-hard on"?

If you'd like.

[drwtsn32]

Originally Posted by Coldintake

You can put up to 7 of these (if you are a previous BMWFS customer). You can put 8 if you're not. If you're not, the first lowers your MF by .0015, then the additional 7 each lower it by .0007.

Is this really true? The base MF on a 335xi is 0.00275. So if I (being a new BMWFS customer) do two security deposits, my MF drops by 0.0015 + 0.0007 or 0.0022? That means the resulting MF is only 0.00055. That would make a friggin HUGE dent in the monthly payment... more so than putting that same amount down to reduce the cap cost.

[drwtsn32]

After doing a quick google search, I think you're off by a factor of 10. It looks like MSDs normally reduce the MF by 0.00007 each. So if you do 7 of those you only reduce the MF by 0.00049 which doesn't change your payment that much (at least on the 335xi I'm looking at).

[elucas730]

Originally Posted by AgsWin

Okay, let me explain this to you as apparently nobody has. If you put down $4000 on a lease and you drive your car for a month, and WHAM! you get in an accident and it is totalled or your car gets stolen, well then your $4000 is BYE BYE!. Insurance will pay off your totaled car and you got a big bag of nothing. If, however, that $4000 was in MSD's, then you would get a nice big fat check from BMWFS for $4000.

Is this right? I know insurance will pay off your totaled car IF you have Gap Insurance. But if you DON'T have Gap Insurance, then aren't you obligated to pay BMWFS any difference, so it's the same either way? Then again, if you DO get gap insurance and don't get into an accident, you're just losing money with that, too. Either way, it's an incredibly moot point to bring up because how many people get into an accident with ~$35,000 in damages in the first month they own their car?

Oh, and to the OP...the reason that people get flamed for posting this is because you can easily find an online lease calculator and figure out the payments for yourself. This website here: http://forums.roadfly.com/forums/fin...8458168-1.html gives you the MF and the residual for the BMW you are looking at and this website: http://www.leaseguide.com/calc.htm is a lease calculator.

[Cabby]

Every situation is different, comparing your lease deal to others gives you a remote idea, but there are so many factors involved, it's hard to make a good comparison.

The only things that matter on a lease as far as a "good deal" is your negotiated price of the car (ie. cap cost) and the MF rate.

Once those are decided, it's math and going to be the same for everyone. If you're cap cost, MF, and length of the lease are the same as someone else, and the payments are not, then someone has some basic math problems.

MSD's are great, it lowers the MF factor significantly, and you get all that money back at the end, there's really no down side.

It won't lower your payment as much down payments that lower the cap cost, but it will lower it more than posted by other folks. Especially if your original quoted monthly payment has an inflated MF and you are a first time BMWFS customer.

Here an example on a 335i sedan.

Original quote from dealer for MSRP of ~$46,5000
MF = .00230 (.00004 markup + .00015 for first time customer)
Down Payment = $5,0000
Monthly Payment = $572

With 8 MSD's
MF = .00126 (remove the markups and subtract .00049)
Total Security Dep. = $4800
Monthly Payment = $568

Not only was the MSD program a lower payment, I also get that $4800 back at the end of the lease.

So the MF is important and negotiable. As someone suggested before, there is a great discussion on the MSD program at bimmerfest forums in the Ask-A-Dealer forum.

Good Luck!

[drwtsn32]

Originally Posted by elucas730

Is this right? I know insurance will pay off your totaled car IF you have Gap Insurance.

All BMWFS leases include gap insurance. In fact I think most car leases include it.

Losing the money you put as a down payment on a lease seems like a definite possibility. Since there is a risk there, it seems like a no brainer to just put the money into some account, and each month withdraw the amount your payment would have dropped if you put all of it as a down payment.

The difference in how much you pay is negligible. Check it out.. here are the numbers:

No Down Payment

Purchase Price  $50,000.00
Down Payment    $0.00

Cap Cost        $50,000.00

Term (Months)   36

Residual %      63%
Residual Value  $31,500.00

Depreciation    $18,500.00

Money Factor    0.00175
Interest Rate   4.20%

Depreciation Fee  $513.89
Finance Fee       $142.63

Base Payment    $656.52

Sales Tax %     8.0%
Sales Tax       $52.52

Monthly Payment	$709.04

$5K Down Payment

Purchase Price  $50,000.00
Down Payment    $5,000.00

Cap Cost        $45,000.00

Term (Months)   36

Residual %      63%
Residual Value  $31,500.00

Depreciation    $18,500.00

Money Factor    0.00175
Interest Rate   4.20%

Depreciation Fee  $375.00
Finance Fee       $133.88

Base Payment    $508.88

Sales Tax %     8.0%
Sales Tax       $40.71

Monthly Payment	$549.59

Ok, so the payment drops from $709 to $550. A difference of $159. Well, if you just take that $5,000 and divide it by 36, you get about $139.

So putting all that money down instead of throwing it into an account only saves you (in the above example) about $20 per month, and you have that risk of losing the money if the vehicle gets totaled.

The per month difference can be minimized or maybe even eliminated if you put what would have been your down payment into an interest-bearing account.

[drwtsn32]

Originally Posted by Cabby

Here an example on a 335i sedan.

Original quote from dealer for MSRP of ~$46,5000
MF = .00230 (.00004 markup + .00015 for first time customer)
Down Payment = $5,0000
Monthly Payment = $572

With 8 MSD's
MF = .00126 (remove the markups and subtract .00049)
Total Security Dep. = $4800
Monthly Payment = $568

I don't think that's right. Subtract the markups and 0.00049 from the first MF and you get 0.00162, not 0.00126.

I don't know what some of your other details are..like residual, term, or if your payment includes sales tax or not. But if I compare those two MF's on a $46.5K car, 36 month, 63% residual, no sales tax, this is what I get:

First option, $5K down payment so cap is $41.5K. MF is 0.0023. Payment is about $500.

Second option, no down payment so cap is $46.5K. MF is 0.00162. Payment is about $600. Even if I use the MF of 0.00126, your payment is still $573.

It seems obvious that putting my down decreases the payment more significantly, but because of the risk of losing that money why do it? Just put it in an account like I outlined in my previous post.

I'm definitely not arguing against MSDs.. that seems to be the smartest way to go. I'm just arguing against doing a down payment.