Hot tip that could save you thousands on your next lease
Don't lease a car before you read this!
How to save thousands on your next lease
From one of our readers:
I have been a reader of your website for a few months now and love reading your info. I've been negotiating for a 330xi and I learned about an interesting program that you may want to bring to your readers attention. BMW has a program called Multiple Security Deposits where you put down up to 10 monthly payments up front. This will be refunded at the end of your lease. Using the numbers I negotiated, I can put down $6,000 in MSD's. This will reduce my monthly payment by $78. (78 x 36 = $2,808) That's $2,808 off the price of your lease. To put this in comparison, you are earning a GUARANTEED rate of return of 15.6%. (2,808 return / 3 years is $936 per year / 6,000 investment = 15.6%) That is because BMW does not tie this program to interest rates, so with rates incredibly low now and not looking to rise anytime soon, this is a wonderful investment.
Sincerely,
Michael
The multiple security deposit option has been around for a while and we highly recommend it. It is a great way to save dollars you will have to spend anyway…Ask your dealer if their lenders offer the option next time you go in to negotiate a lease. Thanks Michael!
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