Lease transfers can take weeks to complete.
MOVING FORWARD, LET’S KEEP THIS THREAD CLEAN AND EASY TO READ, since it’s supposed to be a FAQ.
05/2019: .00165 MF Does anyone have any suggestion on how to get dealers to remove acquisition fees? Mileage under 5k is subject to a residual reduction of $0.25/mile less 500 miles. The car must have 2500 miles and 3 months of service (un-verified information), If the loaner has > 5,000 miles, there is a further 7% residual drop in addition to the mileage penalty. Current PHEV One Life codes
This is an ongoing document that relies on crowd sourcing our knowledge and experiences. ... an option to return the vehicle to us and not pay the GFV amount at the end of the lease term, ... *The BMW One app is compatible with Android OS 13.3 and above, and iOS 10.0 or later. With all the activity on Leasehackr Forum, it’s easy to lose track of the knowledge being shared. BMW Demo Deals ~ SoCal, Frequently Updated! Corp Fleet is a specified incentive and it is different on every model. They have to be on the contract as the main or co. Of all the incentives College grad is the most strict. EX: loaner has 5000 miles. If your car is totaled after you drive off from the dealer you just lost all those thousands of dollars. They do NOT qualify for Corporate fleet, USAA or any OL codes.
I have done it with Toyota for sure.
MSDs work by lowering the money factor (MF) on a lease. A professional inspection would be one way to mitigate the risk involved. 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.
05/2018: .00166 MF A question we haven't really delved into is whether or not the money factor is 0 and you get to save all the interest charge. Is it possible to lease two cars with College Grad incentive?
09/2016: .00136 MF. Reference: https://www.bmwusa.com/explore/bmw-value/bmw-maintenance/terms-and-conditions.html, Ultimate Care and Ultimate Care+ can be purchased to reduce cost of servicing beyond the 3 year or 36k mile period for higher mileage leases.
Excess Wear and Tear You can identify if your employer is a participant of this program, and the exact incentive amount here. (20% or more before incentive) and are using a shorter term like 24mos. Monthly Payment Months MSRP; 2020 BMW 2 Series Gran Coupe Lease Deals: $174 * 36: $39,295: 2020 BMW 3 Series Lease Deals
Graduation The purpose of this Wiki is to be a central repository for all things related to leasing a BMW. This post is awesome! Loaners are not applicable. A lease is the least expensive way to drive a vehicle. They’ll remove it but it’ll cost additional interest.
25%-100%, Credit Offered for Unused Mileage The new lessee takes full responsibility for any damage or liability on the vehicle. Further restrictions may apply to each model.
The acquisition fee can be waived in exchange for an MF increase of .0005, which may be more favorable for shorter lease terms. 2019 430i coupe loaner deal - how to improve?
Does anyone know what the money factor is on a single pay lease? MSDs, USAA and OL codes can also be used, provided the vehicle has less than 5,000 miles. I’m also going to move all of the old questions to the landfill to make this easier to read.
Everyone is an expert, and no one is 100% correct. Percent of Contractual Miles not Utilized
Rebates range from $250 to $1,500 based on model.
So one advantage of a single-pay lease is that I'm not paying any finance charge, but losing the opportunity cost of the escrow. Obviously it’s not true. Lord knows I was lost on the forum thank you!! 03/2019: .00177 MF
Instructions on how to get a BMW OL incentive - 2020 Ultimate Drive Events UDE Share Deals & Tips
2017 3-Series, 24/ 10, 24/ 12, 36/ 10, 36/ 12, MF, Rebates Please keep your eyes on your account to ensure the credit was issued, should you be eligible. (Correction and information Courtesy @BMW_Dave). Penalty would be 5000 - 500 miles *.25 = $1,125 residual penalty.
The way a BMW one pay lease works is they hold your money in your BMW FS Lease account and deduct the payment every month.
This incentive also applies to Owner’s Choice programs. BMW FS charges a disposition fee of $350 for all leases.
These events usually consist of auto cross, extended test drives, and for a fee (250/half day), an abbreviated M performance driving school. Please Forgive Me - Another Newbie Question, Another BMW Question, This time about loaners, BMW 320 i x-drive lease end confusion- Please help.
Exec/Demo cars can be leased and qualify for lease cash, corp fleet, loyalty + recent grad provided an equivalent new model of the same year has lease support from BMWFS. A maximum of 7 security deposits are allowed up to a maximum of .00035. You can choose to pre-pay 100% of the lease payment in exchange for an MF decrease of .0003. On a one pay lease, the amount you pay is not treated like cap reduction. Unlike a down payment (i.e., a capitalized cost reduction), you get this amount back at lease-end. This is only worth it on shorter terms where the difference between RV and sell price/incentives is lower than average.
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.
Worth it when you hack cheaper loaners practically down to nothing. 12/2016: .00134 MF $250 I guess I got caught up with the pre-pay button on the leasehackr calculator. I think it might only work on hybrid models?
Lease Cash apply to cars with more than 5k miles?
I called MINI FS today and told them to apply it to the new BMW account under my wife’s name.
It is not combinable with corporate fleet. Here’s our first stab at a brand-specific Wiki. Thanks--this I understand. 01/2019: .00188 MF I’ve seen mixed answers on this.
In order to get the same deal you have to pay out the same amount of money again. I’m really hoping to get a demo/loaner - can you please explain that part ? Should you ground the car early, this lease credit would not apply.
You can choose to pre-pay 100% of the lease payment in exchange for an MF decrease of .0003.
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