Recent content by mungosocal

You mentioned a 24 month lease. Get the 30 month lease so you qualify for the $2500 (?) California state rebate. 30 month is the minimum for eligibility on a lease, and I think that also happens to be a sweet spot in BMW's residuals.

I am not in the business, just passing along what the other folks over at bimmerfest already know. Not sure about locating other cars for you. With all the other models folks would just custom order the car exactly like they wanted and still get a great price. The i3 is conceivably different.

I never heard of having to do anything. Maybe that is how the broker gets paid. When I am ready to buy I am going straight to Greg Poland at Pacific BMW in Glendale. He will give you rock bottom or as close as you can get to it without any of the work. Folks who broker are usually just another...

Yes, MSDs are due upfront at driveoff. IMO the best way to lease a BMW is for the MSDs to be your only payment at signing, pay no "cap reduction" and roll every other cost into the lease. If you give every competing dealer that structure, it also allows you to simply compare monthly lease costs...

There is a equation for the security deposit amount and I think it is something like an amount equal to one payment rounded to the nearest $50, with a maximum of 7 MSDs allowed. Some people get nervous about the security deposits, especially if they haven't leased before with BMW, and I can...

Leases have finance charges just like conventional financing does, and they are referred to as the money factor (MF). The better your credit, the loweryour financing cost. A security deposit is a method of reducing the cost of financing as well. Basically, if you damage the car they keep your...

Let me add that using MSDs is an advanced financing technique that BMW doesn't advertise very aggressively, and many of the dealership sales people won't even be aware of it. If they aren't aware of it, that can be a signal that you're not dealing with the right people.

How to use multiple security deposits (MSDs) on any BMW lease: http://www.bimmerfest.com/forums/showthread.php?t=809480 The gist of it is that money you put down as cap reduction on a lease can be lost if the car is wrecked. You get similar benefit by using your money to reduce the money...

Please consider putting 0 down and instead paying multiple security deposits to buy the money factor down. Looks a lot like the car I will want to buy in about 12 months unless the new model 330e is compelling. I would hope you could get your monthly payment down to the low 400s including...

Consider that by ditching your lease you will lose the $2500 California rebate you are eligible for (30 month lease). That alone covers six months of lease payments. If you have already claimed the rebate, you are violating the terms of the rebate by ditching the vehicle and exposing yourself to...

Timing isn't right for me, but if it was I'd want to know if you were expecting to be paid out for your security deposit, and if your payment is inclusive of tax. BMWFS makes it pretty easy to get this done so it might be worth a call to them on your part to understand some of the details if you...