06-13-2020, 01:22 PM | #1 |
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MSDs
Are msd available to new owners who didn't have them on there previous lease. That is what a dealership told me today. Told me you had to be grandfathered in. As anybody else come across this. Thanks
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06-13-2020, 01:38 PM | #2 | |
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TLDR; The rate reduction is .00005 for each up to a total of 7. Max reduction is .00035. BMW FINANCIAL SERVICES New Multiple Security Deposit Program BMW of North America in conjunction with BMW Financial Services are pleased to announce that the Multiple Security Deposit (MSD) Rate Reduction Program will continue through January 2, 2020 and will be available for all customers who choose to either put down multiple security deposits on their new lease, or transfer the balance from their existing lease at lease end. Note that the program has been continued and there has not been any program changes communicated. https://www.bimmerfest.com/forums/sh...809480?page=19 The structure for the program will be a money factor reduction of 5 points for every security deposit, with a maximum of 7 security deposits and a .00035 rate reduction. The contracted rate may not go below 0.00005. Security Deposit Calculation - Security Deposit are calculated by rounding the customer's payment up to the nearest $50 increment. - For example, if the customer's monthly payment is $425, each security deposit should be $450. If the customer transfers $3,150 (7 x $450), they will receive the maximum rate reduction of 35 points. - The monthly payment should be calculated with the rate reduction first. - If the customer's payment is $425, but calculated at $399 once the 35 point reduction is applied, then the security deposit maximum is $2,800 (7 x $400). - If the customer's current security deposit amount exceeds the maximum needed for the rate reduction, the surplus can be remitted to the customer at lease end. - Security Deposits cannot exceed $749 for New York lessees.
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Current BMWs - '20 X5 xDrive40i M Sport, '20 BMW M550i | Past BMWs - '03 E39 540iT M Sport, '06 E53 4.8is, '11 E70 M Sport LCI
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06-13-2020, 04:13 PM | #3 | ||
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06-13-2020, 04:22 PM | #4 | |||
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Note that the program has been continued and there has not been any program changes communicated. https://www.bimmerfest.com/forums/sh...809480?page=19
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Current BMWs - '20 X5 xDrive40i M Sport, '20 BMW M550i | Past BMWs - '03 E39 540iT M Sport, '06 E53 4.8is, '11 E70 M Sport LCI
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06-13-2020, 05:04 PM | #5 | |
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