M5POST
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

Go Back   M5POST - BMW M5 Forum > F10 M5 Forum > F10 M5 Pricing, Ordering, Tracking, and European Delivery

Post Reply
 
Thread Tools Search this Thread
      12-17-2012, 12:05 AM   #23
corrado79
Private First Class
 
corrado79's Avatar
 
Drives: 2012 E93 M3
Join Date: Jan 2012
Location: Los Angeles

Posts: 198
iTrader: (0)

Quote:
Originally Posted by AGS View Post
Multiple Security Deposits.

BMW FS offers the opportunity to put down more than one security deposit (up to 7), with each one reducing the money factor on your lease by .00007. If you do all 7 it reduces the MF by .00049 which is the approximately the equivalent of 1.2%. It's a great program - for me it equated to a guaranteed, after-tax return of 9.4% on the "investment".
When do you get the deposit back, at turn in?

What happens under the totaled car example given earlier? Does the deposit get returned or is it kept by BMWFS?
__________________
2012 BMW E93 M3 | Mineral White | 6MT
corrado79 is offline  
0
Reply With Quote
      12-17-2012, 09:05 AM   #24
AGS
Captain
 
AGS's Avatar
 
Drives: 2013 F10 M5
Join Date: May 2012
Location: NJ

Posts: 702
iTrader: (0)

Quote:
Originally Posted by corrado79 View Post
When do you get the deposit back, at turn in?

What happens under the totaled car example given earlier? Does the deposit get returned or is it kept by BMWFS?
Yes, when you return the car BMW FS returns the MSDs.

If your car is totaled you should still get the money back. Your insurance plus any GAP insurance should cover the cost of the car.
__________________
Current: 2013 Monte Carlo Blue F10 M5 (ED on 9/1/12), 2014 Anvil Willys Wheeler Jeep Wrangler (weekend toy)
Previous: 2009 Carbon Black E60 M5, 2006 Silverstone II E60 M5, 2003 Sterling Grey E39 M5, 2000 Anthracite E39 540i6, 1998 Jeep Grand Cherokee 5.9 Limited, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7
AGS is offline  
0
Reply With Quote
      12-17-2012, 11:47 AM   #25
corrado79
Private First Class
 
corrado79's Avatar
 
Drives: 2012 E93 M3
Join Date: Jan 2012
Location: Los Angeles

Posts: 198
iTrader: (0)

Quote:
Originally Posted by AGS View Post
Yes, when you return the car BMW FS returns the MSDs.

If your car is totaled you should still get the money back. Your insurance plus any GAP insurance should cover the cost of the car.
The "should" get your money back makes me nervous. Sounds like BMWFS has some discretion to keep my deposit if the insurance company does not handle their business.
__________________
2012 BMW E93 M3 | Mineral White | 6MT
corrado79 is offline  
0
Reply With Quote
      12-17-2012, 12:30 PM   #26
AGS
Captain
 
AGS's Avatar
 
Drives: 2013 F10 M5
Join Date: May 2012
Location: NJ

Posts: 702
iTrader: (0)

Quote:
Originally Posted by corrado79 View Post
The "should" get your money back makes me nervous. Sounds like BMWFS has some discretion to keep my deposit if the insurance company does not handle their business.
I do not think BMF FS has discretion. I used the word "should" because I've (obviously) not researched the laws of every state to see how individual auto insurance and GAP insurance work in all situations, both where the driver is and is not at fault. It would be misleading for me to definitively state that in all cases BMW FS would have no right to withold a portion of the MSDs. Generally speaking, if you make all of your monthly payments at the end of the lease you would get all of the MSDs back unless you asked them to net an end-of-lease charges or the disposition fee (if applicable) against it. I would call BMW FS customer service and ask them how it works in your state.
__________________
Current: 2013 Monte Carlo Blue F10 M5 (ED on 9/1/12), 2014 Anvil Willys Wheeler Jeep Wrangler (weekend toy)
Previous: 2009 Carbon Black E60 M5, 2006 Silverstone II E60 M5, 2003 Sterling Grey E39 M5, 2000 Anthracite E39 540i6, 1998 Jeep Grand Cherokee 5.9 Limited, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7
AGS is offline  
0
Reply With Quote
      12-17-2012, 03:44 PM   #27
corrado79
Private First Class
 
corrado79's Avatar
 
Drives: 2012 E93 M3
Join Date: Jan 2012
Location: Los Angeles

Posts: 198
iTrader: (0)

Quote:
Originally Posted by AGS View Post
I do not think BMF FS has discretion. I used the word "should" because I've (obviously) not researched the laws of every state to see how individual auto insurance and GAP insurance work in all situations, both where the driver is and is not at fault. It would be misleading for me to definitively state that in all cases BMW FS would have no right to withold a portion of the MSDs. Generally speaking, if you make all of your monthly payments at the end of the lease you would get all of the MSDs back unless you asked them to net an end-of-lease charges or the disposition fee (if applicable) against it. I would call BMW FS customer service and ask them how it works in your state.
Fair enough. I should call BMW FS.

Last dumb question: Can I expect GAP insurance to be automatically included in my BMW FS lease, or do I need to request that?
__________________
2012 BMW E93 M3 | Mineral White | 6MT
corrado79 is offline  
0
Reply With Quote
      12-17-2012, 05:11 PM   #28
AGS
Captain
 
AGS's Avatar
 
Drives: 2013 F10 M5
Join Date: May 2012
Location: NJ

Posts: 702
iTrader: (0)

Quote:
Originally Posted by corrado79 View Post
Last dumb question: Can I expect GAP insurance to be automatically included in my BMW FS lease, or do I need to request that?
Yes, BMW FS leases include GAP insurance in the event of a total loss.
__________________
Current: 2013 Monte Carlo Blue F10 M5 (ED on 9/1/12), 2014 Anvil Willys Wheeler Jeep Wrangler (weekend toy)
Previous: 2009 Carbon Black E60 M5, 2006 Silverstone II E60 M5, 2003 Sterling Grey E39 M5, 2000 Anthracite E39 540i6, 1998 Jeep Grand Cherokee 5.9 Limited, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7
AGS is offline  
0
Reply With Quote
      12-26-2012, 03:17 PM   #29
KnightsCapone
A pure fighting machine with only one desire - Win
 
Drives: 2014 F10 M5 & 2009 e70 35d X5
Join Date: Dec 2008
Location: SLC, Utah

Posts: 276
iTrader: (3)

Where can I get current residuals and MF for 2013 M5?

Also, what are BMW Apps and BMW FS loyalty rebates and how do you get them?

Thanks!
KnightsCapone is offline   United_States
0
Reply With Quote
      12-26-2012, 10:59 PM   #30
dmn8
New Member
 
Drives: 2013 M5
Join Date: Oct 2008
Location: Columbus, OH

Posts: 27
iTrader: (0)

You get your money back on the msd because it is nothing more than a security deposit on the lease contract. Gap insurance would come into play if you did a cap cost reduction and had an upside down vehicle loss.
dmn8 is offline   United_States
0
Reply With Quote
      12-27-2012, 07:20 AM   #31
cmhsam
Major
 
Drives: 2013 F10 M5
Join Date: Mar 2012
Location: USA

Posts: 1,279
iTrader: (0)

Quote:
Originally Posted by gavinlibra1974 View Post
Where can I get current residuals and MF for 2013 M5?

Also, what are BMW Apps and BMW FS loyalty rebates and how do you get them?

Thanks!
http://www.ridewithg.com/index.php/2...december-2012/
cmhsam is offline  
0
Reply With Quote
      12-27-2012, 02:43 PM   #32
KnightsCapone
A pure fighting machine with only one desire - Win
 
Drives: 2014 F10 M5 & 2009 e70 35d X5
Join Date: Dec 2008
Location: SLC, Utah

Posts: 276
iTrader: (3)

Am I blind or are there no residuals for 2013 M5 on ridewithg website?
KnightsCapone is offline   United_States
0
Reply With Quote
      12-27-2012, 02:44 PM   #33
KnightsCapone
A pure fighting machine with only one desire - Win
 
Drives: 2014 F10 M5 & 2009 e70 35d X5
Join Date: Dec 2008
Location: SLC, Utah

Posts: 276
iTrader: (3)

Quote:
Originally Posted by cmhsam View Post
There are no residuals for 2013 M5 on this website?
KnightsCapone is offline   United_States
0
Reply With Quote
      12-27-2012, 08:35 PM   #34
Rohardi
Lieutenant
 
Drives: 2014 Q50S Hybrid
Join Date: Apr 2012
Location: Rhode Island

Posts: 485
iTrader: (0)

Quote:
Originally Posted by gavinlibra1974 View Post
Where can I get current residuals and MF for 2013 M5?
15,000 miles = 48%
12,000 miles = 50%
10,000 miles = 51%
Rohardi is offline  
0
Reply With Quote
      12-29-2012, 06:30 PM   #35
TheStig
Captain
 
TheStig's Avatar
 
Drives: M5///
Join Date: Jan 2011
Location: Central NJ

Posts: 744
iTrader: (4)

Can Someone Explain to me how this MSD / MF Thing works?
__________________
Gone But Not Forgotten:|04 CLK55 Amg|07 GT500|08 335i FBO E92 6MT|09 E92 M3 DCT|
TheStig is offline   United_States
0
Reply With Quote
      12-31-2012, 07:40 AM   #36
AGS
Captain
 
AGS's Avatar
 
Drives: 2013 F10 M5
Join Date: May 2012
Location: NJ

Posts: 702
iTrader: (0)

You can put down up to 7 security deposits, and for each one you "buy-down" the money factor by .00007. So the current money factor is .00125, if you put down the maximum MSDs you would reduce the MF to .00076 [.00125 - (.00007 * 7)]
__________________
Current: 2013 Monte Carlo Blue F10 M5 (ED on 9/1/12), 2014 Anvil Willys Wheeler Jeep Wrangler (weekend toy)
Previous: 2009 Carbon Black E60 M5, 2006 Silverstone II E60 M5, 2003 Sterling Grey E39 M5, 2000 Anthracite E39 540i6, 1998 Jeep Grand Cherokee 5.9 Limited, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7
AGS is offline  
0
Reply With Quote
      01-01-2013, 07:09 PM   #37
KnightsCapone
A pure fighting machine with only one desire - Win
 
Drives: 2014 F10 M5 & 2009 e70 35d X5
Join Date: Dec 2008
Location: SLC, Utah

Posts: 276
iTrader: (3)

Can anybody tell me what the BMW apps and FS Loyalty rebates are and how to get them?

Also, are there any other rebates that I can get?

This will be my third lease in a row with BMW Financial.

Thanks in advance
KnightsCapone is offline   United_States
0
Reply With Quote
      01-02-2013, 10:15 AM   #38
FLOMACKS
First Lieutenant
 
FLOMACKS's Avatar
 
Drives: 2013 M5
Join Date: Jul 2012
Location: Atlanta, GA

Posts: 323
iTrader: (0)

If you're a returning BMWFS customer, you're eligible for the rebate. You get the apps from the apps store.
__________________
2014 911 C2S- Agate, MT, PDCC, SC, SE
2013 F-10 M5 -Silverstone, black, Exec, B&O, 20's
FLOMACKS is offline  
0
Reply With Quote
      01-02-2013, 01:58 PM   #39
KnightsCapone
A pure fighting machine with only one desire - Win
 
Drives: 2014 F10 M5 & 2009 e70 35d X5
Join Date: Dec 2008
Location: SLC, Utah

Posts: 276
iTrader: (3)

How much of a rebate are the FS loyalty and BMW apps rebates?
KnightsCapone is offline   United_States
0
Reply With Quote
      02-26-2013, 01:47 PM   #40
greentrbo95gst
Colonel
 
greentrbo95gst's Avatar
 
Drives: 2013 Azurite Black M5
Join Date: Jan 2011
Location: Orange County

Posts: 2,292
iTrader: (1)

How much does each of the 7 security deposits have to be to get a MF discount?
__________________
2013 M5 Azurite Black.....World's fastest 1/4 mile F10 M5 11.07@128.68mph

Sponsored by www.dtmhaus.net
E60 M5, E39 M5, E46 SC'd, F15 Diesel
greentrbo95gst is offline  
0
Reply With Quote
      02-26-2013, 06:04 PM   #41
AGS
Captain
 
AGS's Avatar
 
Drives: 2013 F10 M5
Join Date: May 2012
Location: NJ

Posts: 702
iTrader: (0)

Quote:
Originally Posted by greentrbo95gst View Post
How much does each of the 7 security deposits have to be to get a MF discount?
Each security deposit equals one month's payment.
__________________
Current: 2013 Monte Carlo Blue F10 M5 (ED on 9/1/12), 2014 Anvil Willys Wheeler Jeep Wrangler (weekend toy)
Previous: 2009 Carbon Black E60 M5, 2006 Silverstone II E60 M5, 2003 Sterling Grey E39 M5, 2000 Anthracite E39 540i6, 1998 Jeep Grand Cherokee 5.9 Limited, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7
AGS is offline  
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 09:28 PM.




m5post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST