Hi folks,

Here’s our first stab at a brand-specific Wiki. With all the activity on Leasehackr Forum, it’s easy to lose track of the knowledge being shared. The purpose of this Wiki is to be a central repository for all things related to leasing a BMW.

Please feel free to contribute! This is an ongoing document that relies on crowd sourcing our knowledge and experiences.

Last Reviewed: 3/27/17 by @michael

_Last Reviewed: 3/20/19 by @mp11477

Multiple Security Deposits (MSD)

With BMW FS, you can reduce your monthly payment by placing multiple security deposits upfront. Unlike a down payment (i.e., a capitalized cost reduction), you get this amount back at lease-end. MSDs work by lowering the money factor (MF) on a lease. MF is essentially the interest rate on a lease; lowering the MF reduces the finance charge you pay.

A security deposit is equal to your monthly payment (including tax) rounded to the nearest $50. A maximum of 7 security deposits are allowed. Each security deposit lowers the money factor by .00005. MSDs can be a good ROI.

Related thread(s): Downside of MSDs?

Executive and Demo Cars

Info subject to change, and is relevant as of 2/1/18
Exec/Demo cars can be leased and qualify for lease cash, loyalty + recent grad provided an equivalent new model of the same year has lease support from BMWFS. USAA and OL codes can also be used, provided the vehicle has less than 5,000 miles. Mileage under 5k is subject to a residual reduction of $0.25/mile less 500 miles. EX: loaner has 5000 miles. Penalty would be 5000 - 500 miles *.25 = $1,125 residual penalty.

If the loaner has > 5,000 miles, there is a further 7% residual drop in addition to the mileage penalty. You will also lose ANY incentives (Lease Cash, USAA, OL Codes, ETC…)

If the loaner has > 7,500 miles, there is a 9% residual drop in addition to the mileage penalty.
You will also lose ANY incentives (Lease Cash, USAA, OL Codes, ETC…)

Corporate/Demo loaners would continue to receive the free maintenance plan for 3 years/36k upon lease inception. However, the clock starts on initial in-service date, NOT the date of you beginning the lease. In other words, if you take a 3/36 term 6 months and 5,000 miles after the car was put into demo service, you would receive 30 months/31k miles of coverage.

Corporate Fleet Program

Beginning 1/1/2019, the Corporate Fleet Program has changed.

Corp Fleet is a specified discount off MSRP and it is different on every model. It cannot be combined with any Lease / APR, Conquest or Loyalty Credits. It is also NOT available to customers who currently own a BMW or have owned one in the last 12 months.

Dealerships do not have access to the list of approved companies either. Customers must apply for the Corporate Sales Program (CSP) claim certificate via their employee benefits web portal and present the certificate at time of purchase or factory order. They must also provide a recent paycheck stub from within the last 30 days along with a copy of their vehicle registration.
(Courtesy @BMW_Dave)

Expected Discount/Selling Price

This very generalized information, but discounts vary by location, time, and model. Search for recent transactions. A sedan like the 3-series will likely be discounted more than an SUV, or an all-new, redesigned model

European Delivery

ED is less advantageous than before, but it’s a great experience and good for those who want to custom order their BMW
More info on ED can be found at the link below:

Maintenance and F&I Add-Ons

Excess Wear and Tear
Wheel and Tire Insurance

Historic Money Factor (MF) Data

Unlike most other brands, the money factor for BMW FS leases is the same regardless of model (with rare exceptions).
03/2019: .00177 MF
01/2019: .00188 MF
10/2018: .00182 MF
05/2018: .00166 MF
01/2018: .00152 MF
03/2017: .00140 MF
02/2017: .00134 MF
01/2017: .00134 MF
12/2016: .00134 MF
11/2016: .00136 MF
10/2016: .00136 MF
09/2016: .00136 MF


Build Out/Option Credit
Driving Event or OL Code


BMW Car Club of America provides a means for members to obtain a post-sale rebate from the purchase or lease of new cars under 1,000 miles. Loaners are not applicable. Rebates range from $250 to $1,500 based on model. Individuals who purchase a club membership of three or more years will now immediately qualify for the Membership Reward Rebate Program. A 3 year membership costs $134.00 (as of 3/20/2019)

To obtain membership, and to learn more about the rebates, and the club please click the link below:

Acquisition Fee and Waiver

The acquisition fee for leases through BMW FS is $925. Dealers can no longer mark it up for additional profit. The acquisition fee can be waived in exchange for a money factor (MF) addition of .00050, which may be more favorable for shorter lease terms.

Disposition Fee

BMW FS charges a disposition fee of $350 for all leases. This fee is waived if you lease or finance a vehicle through BMW FS upon turn in.

Alternative Financial Products - Owners Choice (for TX, GA, IL)

BMW has a special financial product for Texas, Georgia and Illinois called Owners Choice which is similar to a balloon loan but with the advantages of a lease. It was intended to circumvent the issues related to customers potentially paying double tax on a lease and then taxed again on the vehicle buyout. Owners Choice puts the vehicle registration under the customers name to avoid the double taxation, this means for PHEV’s that have not been registered that the customer can benefit from the Federal and State tax rebates creating some of the best deals possible.



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Hi Michael,
May be this needs to be updated. OL aka Driving Event Certs are applicable on loaners is what was confirmed by BmwDave.




  • Residual hit over 5k + 7.5k
  • MF Adjustment for MSDs
  • Updated Corporate Fleet Program details
  • Added OL + USAA to available Incentives
  • Added Euro Delivery link
  • Added BMWCCA info

Thanks to @bmw_dave who laid out the new Corp Fleet rules back in Jan in his thread.

I’m also going to move all of the old questions to the landfill to make this easier to read. No offense to anyone’s post that I moved, however, many of the questions are old and outdated anyways, and in an effort to make this post easier to read, I felt they should be moved.

I’m also going to leave @MConte05 's historical 3 series data simply as a data point.