Nitty gritty leasing stuff. ('08 coupe)

Subw00er · 12-05-2008, 11:30 PM

Can someone tell me if this stuff is correct for an '08 M3 coupe (36 month lease). I qualify for the owner loyalty program.

residual is 55%
money factor is .0005
security deposit is waived for owner loyalty

BTW, I asked my dealer about using security deposits to lower the Money Factor. He said that their dealership doesn't do them and never has?! Is this a dealer prerogative?

CJF · 12-06-2008, 12:01 AM

you should be able to get MF of 0.00025 with owner loyalty and no security deposit.

Ali.K_BMW · 12-06-2008, 08:04 AM

coupes are .00050 He will not be able to get.00025 (sedan only )

Subw00er · 02-12-2009, 10:05 AM

Sorry to bring back an old thread. But what is the deal now with owner loyalty on the coupe and sedan? I was just told that owner loyalty doesn't work for '08's anymore?!

dchen2 · 02-12-2009, 04:42 PM

Quote:

Originally Posted by Subw00er

Sorry to bring back an old thread. But what is the deal now with owner loyalty on the coupe and sedan? I was just told that owner loyalty doesn't work for '08's anymore?!

Unfortunately as of 2/2/09 08 M3 coupes are no longer supported for leases. Meaning no special money factor or propped up residuals.

08 M3 sedans and verts still have the .00025 MF and 52-55% residual (depending on miles/year) until 3/2.

No M cars qualify for the owner loyalty incentives either unfortunately.

rampage76 · 02-17-2009, 01:40 AM

Quote:

Originally Posted by dchen2

Unfortunately as of 2/2/09 08 M3 coupes are no longer supported for leases. Meaning no special money factor or propped up residuals.

08 M3 sedans and verts still have the .00025 MF and 52-55% residual (depending on miles/year) until 3/2.

No M cars qualify for the owner loyalty incentives either unfortunately.

Hi, just to confirm... the is the MF of .00025 is for all buyers, not just loyalty customers? I spent all day working with a dealership who was telling me that .00058 was the absolute lowest I could get my MF even with 2 SD's.

BMWDavid · 02-21-2009, 09:52 AM

They marked up the money factor by 40 points to .00065 (common practice) and took only one security deposit out. They didn't listen to you when you mentioned you are previous BMW FS, and should have security waived, hence the .00058. If they had listened your rate should have been .00051. The money factor .00025 is the buy rate. It is the dealer's option to mark up the money factor. All dealerships do it. Work your deal and see if you can get a break on it. 40 points equals .96%APR.

FYI, security deposit reduction drops the money factor by .00007 or 0.16%. If you are able to get them to go to the .00025 and want to reduce the rate. You are only allowed 2 deposits which will bring the MF to .00011. An additional security deposit reduction would drop the MF to .00004 which is below the minimum .00005 BMW FS allows under the current guidelines.

Diesel///M · 02-23-2009, 04:43 PM

what is mf?? i am sorry for the stupid question

BaLLzZz · 02-23-2009, 06:23 PM

Quote:

Originally Posted by Diesel335i

what is mf?? i am sorry for the stupid question

Money Factor

and

Residuals

Are the only 2 things that matter other then the negotiated price over invoice when it comes to a lease

12-05-2008, 11:30 PM	#1
Subw00er Bates '08 Interlagos Launch 126 Rep 1,230 Posts Drives: 440i xGC, ZL1, JCW Join Date: Nov 2005 Location: NY iTrader: (2)	Nitty gritty leasing stuff. ('08 coupe) Can someone tell me if this stuff is correct for an '08 M3 coupe (36 month lease). I qualify for the owner loyalty program. residual is 55% money factor is .0005 security deposit is waived for owner loyalty BTW, I asked my dealer about using security deposits to lower the Money Factor. He said that their dealership doesn't do them and never has?! Is this a dealer prerogative?
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12-06-2008, 12:01 AM	#2
CJF Private First Class 16 Rep 113 Posts Drives: White machine Join Date: Dec 2008 Location: CA iTrader: (0)	you should be able to get MF of 0.00025 with owner loyalty and no security deposit.
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12-06-2008, 08:04 AM	#3
Ali.K_BMW Colonel 111 Rep 2,164 Posts Drives: 2020 BMW 330i xDrive Join Date: Aug 2008 Location: United States iTrader: (7) Garage List 2013 BMW 335i [0.00]	coupes are .00050 He will not be able to get.00025 (sedan only ) __________________ Former BMW Client Advisor
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02-12-2009, 10:05 AM	#4
Subw00er Bates '08 Interlagos Launch 126 Rep 1,230 Posts Drives: 440i xGC, ZL1, JCW Join Date: Nov 2005 Location: NY iTrader: (2)	Sorry to bring back an old thread. But what is the deal now with owner loyalty on the coupe and sedan? I was just told that owner loyalty doesn't work for '08's anymore?! Last edited by Subw00er; 02-12-2009 at 10:27 AM..
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02-21-2009, 09:52 AM	#7
BMWDavid 435 Rep 860 Posts Drives: MSport F30 Join Date: Apr 2006 Location: BMW Secret Test Facilities iTrader: (0) Garage List 2011 BMW M3 Sedan [0.00] 2005(sold but not f ... [10.00] 2006 X3 [0.00] 1984 633csi [0.00]	They marked up the money factor by 40 points to .00065 (common practice) and took only one security deposit out. They didn't listen to you when you mentioned you are previous BMW FS, and should have security waived, hence the .00058. If they had listened your rate should have been .00051. The money factor .00025 is the buy rate. It is the dealer's option to mark up the money factor. All dealerships do it. Work your deal and see if you can get a break on it. 40 points equals .96%APR. FYI, security deposit reduction drops the money factor by .00007 or 0.16%. If you are able to get them to go to the .00025 and want to reduce the rate. You are only allowed 2 deposits which will bring the MF to .00011. An additional security deposit reduction would drop the MF to .00004 which is below the minimum .00005 BMW FS allows under the current guidelines. __________________
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02-23-2009, 04:43 PM	#8
Diesel///M Colonel 71 Rep 2,320 Posts Drives: E92 ///M Join Date: Apr 2007 Location: IN NY/NJ, missing FL iTrader: (21)	what is mf?? i am sorry for the stupid question
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