Excluding the $1k OL code you got 9.6% off MSRP, which is decent. A quick search will reveal that 10%+ pre-incentive with base MF is certainly achievable.
Congrats and don’t forget to apply for the $500 CCA rebate.
Conquest is taxed incentive. Anyways, good deal on the discount. But should have done MSDs, would have saved about 32/m or 1150 over life of the lease.
Thanks! I would’ve put msds, but I would rather put the cash back in my business. I’ll make around 10-12% a month on the low end. I appreciate the feedback.
I actually faced a similar dilemma when thinking about MSD’s. On the one hand I can get a greater rate of return if I invested that cash, but ultimately I saw it as, using it on MSD’s is guaranteed return with no risk.
Obviously if you’ve got your own business that’s different than just investing in a personal investment account.
I love this forum and I have a silly question. Is there a thread I can read on some of the lingo? I understand the MF, residual, capitalized cost but I don’t understand the MSD. Multiple security deposits? So it’s almost like a down payment but u get the money back at end of lease?
Msd= It’s payments to Bmw up front to lower your mf ie interest rate. These payments are given back to the customer upon lease end unless you default or bmw goes bankrupt. Think of it as a certificate of deposit(CD) w. Bmw which they pay you interest in the form of a lower interest rate then the principle is returned to you upon completion of the lease.
New car purchases/leases qualify for $500+ rebates if submitted within 15 days of purchase. You have to be a BMW CCA (Car Club of America) member to be eligible, however you can purchase a 3 year membership and be immediately eligible. Everything you need to know is here: https://www.bmwcca.org/vehicle_rebate