That’s correct. You cannot use a fleet discount on loaners or demos. Every model is different but it’s mostly, Holiday Credit, iPerformance Credit (on plug-ins), Loyalty on specific modes (not all), Corp Fleet, College Grad and UDE cash if you’ve got it. That it.
Stony Brook and LL Bean are both on the list.
No that school is not on the list. Every vehicle is specific so if you’d like a quote you can go to my profile page and email me the required information listed there. Sorry but I just don’t do estimated payments. Too many variables.
Seriously? Are there dealers in certain markets that are still giving MSD’s? Because I have heard nothing from BMW NA.
See comments above about estimations and how to get an exact quote. And for that model, 36 months is the sweet spot (as it is with almost all models).
Sounds like a good strategy. I don’t know anything about using credit card rewards but I don’t see why it would be any different than using your BMW credit card to do the one-pay. Let me know if you find anything out.
Apparently it’s an east coast thing, Client Advisors have been contacting clients and asking if they want to roll over MSDs into new leases. What wasn’t clear if this was a true roll over into a new lease based on the existing MSDs (e.g. if you had $2000 in existing MSDs could you only roll that $2000 into a new MSD) or just eligibility to use the MSD program again.
Aahhhhh…no they are not actually applying security deposits to the new deals and lowering the money factors. They’re just using fancy verbiage to basically say…do you want to take your refundable MSD’s from your last deal and use that money to a) pay down your payoff if negative or b) to cover your drive-offs/cap reduction on the next lease.
It’s all semantics. BMW is not allowing MF reduction with security deposits anywhere.
Not exactly, apparently they are used to buy down the MF. I honestly am not sure how it works as my wife and I didn’t use MSD on either of our leases, so I’m not eligible. But see this post for a recent reference to using MSD to lower MF: BMW MSD Program Being Discontinued
It works the same way the previous MSD program worked, however, you need to be grandfathered in and the reduction is only .0005 per MSD. It’s listed on my paperwork as a security deposit, just as it was with my previous lease. You can also add more money if necessary due to a higher monthly payment. My MSD amount went from $3,150 to $3,850 (contributed $700 more).
Thank you Dave. Do you know how I would get this applied to a car I’m looking at currently? I called the dealership and they told me there are no more fleet incentives.
Also, I initially assumed “4 series” includes the M4, but now am thinking that might not be correct. Please let me know if that was an incorrect assumption.
If they’re not willing to work with you than find a dealer that is. The $500 Corp Fleet Incentive for the 4 Series is on ALL 4 Series, including the M4.
Seriously! There’s only a handful of 2017’s left so if that car has the options you want I wouldn’t walk, I would run down there today and sign before someone else does. The 2018’s aren’t even going to be within $10,000 of that kind of savings.
I’m new to LH. I’m looking for a lease deal on a 430i sDrive convertible and M4 convertible. Preferably 2017s if available. Can you provide me with a price quote? Located in Los Angeles.
I’m off today and tomorrow but will be back on Thursday. I should be able to get back to you by Friday since Thursday is last day of the month and I have a number of appointments. In the meantime…
Hehe hasn’t happened yet, but maybe they just haven’t noticed.
I do think electric cars will take over one day (and teslas are really fun to drive actually), but until then I’ll get as many manual gear changes in as I can.
