$600 security deposit on a 135

tharpa · 04-15-2008, 07:57 PM

my payments are 599 a month, it's a lease.

can someone explain this further and is this something i can negotiate?

is this a normal charge?

Robert · 04-15-2008, 08:02 PM

Have it in writing that the deposit is refundable, and a receipt of the deposit.

Space gray · 04-15-2008, 08:09 PM

If you're not a previous/current leasing customer, then you can't waive the security deposit requirement. The exception is if you agree to an increase in the money factor, I think it's 0.00015.

drand · 04-15-2008, 08:51 PM

It is the next $50 increment over your monthly payment. Also I don't think you get the money back if you waive it and go for the MF increase.

shawshank772 · 04-15-2008, 10:03 PM

Man I didnt know a lease was that much money!!! But the car is worth it, I must admit

tharpa · 04-16-2008, 02:38 PM

damn expensive. that's a 24 month lease. with 4k+ down incl fees. also including tax into the monthly.

Space gray · 04-16-2008, 04:24 PM

Quote:

Originally Posted by tharpa

damn expensive. that's a 24 month lease. with 4k+ down incl fees. also including tax into the monthly.

Before you put money down on the lease, research whether Multiple Security Deposits will work for you. Your money down could be gone if your car is stolen or totaled.

e90_m3 · 04-16-2008, 04:39 PM

$600 for lease? I pay $550/mo to buy the car...granted I downed $16K. What's the residual # to buy the car at the end of term?

dbtheo · 04-16-2008, 04:39 PM

Quote:

Originally Posted by spacegray

If you're not a previous/current leasing customer, then you can't waive the security deposit requirement. The exception is if you agree to an increase in the money factor, I think it's 0.00015.

this is correct

amybang · 04-16-2008, 04:45 PM

What is this deposit for? To ensure that you'll take delivery of the car you ordered? In which case, $600 is pretty good if it applies to your first payment. I put a $1000 deposit down to secure the order, but it's part of my downpayment for purchase as well.

amy!

sadu77 · 04-16-2008, 11:48 PM

i put down 500 secuirty. comes off the down payment when the car comes in. my ca is the best.

mprhead5 · 04-17-2008, 03:50 AM

I have to put down 9% to reserve my car through military sales so 600 isn't bad.

I noticed that the residuals didn't seem to be as good as I would have hoped. BMW's always hold their value well. I was surprised to see that the 3 year residuals where that bad. I think it makes more sence to purchase than to lease this car as far as the numbers go.

04-15-2008, 07:57 PM	#1
tharpa Private First Class 1 Rep 110 Posts Drives: Join Date: Apr 2008 iTrader: (0)	$600 security deposit on a 135 my payments are 599 a month, it's a lease. can someone explain this further and is this something i can negotiate? is this a normal charge?
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04-15-2008, 08:02 PM	#2
Robert Major General 414 Rep 6,968 Posts Drives: 135i -> is350 -> Tesla M3 perf Join Date: Aug 2005 Location: Socal iTrader: (1)	Have it in writing that the deposit is refundable, and a receipt of the deposit. __________________ - There's nothing in my pocket other than knives and lint
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04-15-2008, 08:09 PM	#3
Space gray First Lieutenant 247 Rep 337 Posts Drives: 2022 iX 50 Join Date: Nov 2007 Location: San Francisco, CA iTrader: (1) Garage List 2022 BMW iX50 [0.00] 2017 BMW M3 [0.00]	If you're not a previous/current leasing customer, then you can't waive the security deposit requirement. The exception is if you agree to an increase in the money factor, I think it's 0.00015.
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04-15-2008, 08:51 PM	#4
drand Private First Class 7 Rep 186 Posts Drives: X3 M40 Join Date: Jun 2008 Location: Oregon iTrader: (0)	It is the next $50 increment over your monthly payment. Also I don't think you get the money back if you waive it and go for the MF increase. __________________ 135i May 3,2008 ED - Retired M235i Sept. 15, 2014 ED - Retired
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04-15-2008, 10:03 PM	#5
shawshank772 Major 120 Rep 1,159 Posts Drives: 08 135i and 16 M3 Join Date: Aug 2007 Location: Chicago iTrader: (1)	Man I didnt know a lease was that much money!!! But the car is worth it, I must admit
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04-16-2008, 02:38 PM	#6
tharpa Private First Class 1 Rep 110 Posts Drives: Join Date: Apr 2008 iTrader: (0)	damn expensive. that's a 24 month lease. with 4k+ down incl fees. also including tax into the monthly. __________________
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04-16-2008, 04:39 PM	#8
e90_m3 Private 5 Rep 74 Posts Drives: Join Date: Dec 2007 iTrader: (0)	$600 for lease? I pay $550/mo to buy the car...granted I downed $16K. What's the residual # to buy the car at the end of term?
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04-16-2008, 04:45 PM	#10
amybang ... and Orca too! 29 Rep 845 Posts Drives: 128i Convertible (AW/CR) Join Date: Apr 2008 Location: Belmont, MA iTrader: (0)	What is this deposit for? To ensure that you'll take delivery of the car you ordered? In which case, $600 is pretty good if it applies to your first payment. I put a $1000 deposit down to secure the order, but it's part of my downpayment for purchase as well. amy!
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04-16-2008, 11:48 PM	#11
sadu77 Second Lieutenant 8 Rep 252 Posts Drives: Join Date: Mar 2008 iTrader: (0)	i put down 500 secuirty. comes off the down payment when the car comes in. my ca is the best. __________________ Titanium Silver 6 speed man Black Boston Leather Gray Poplar Trim Nav system Comfort access Power/Heated seats Sattelite radio Ipod Production number 398****
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04-17-2008, 03:50 AM	#12
mprhead5 Private First Class 9 Rep 146 Posts Drives: Join Date: Nov 2007 iTrader: (0)	I have to put down 9% to reserve my car through military sales so 600 isn't bad. I noticed that the residuals didn't seem to be as good as I would have hoped. BMW's always hold their value well. I was surprised to see that the 3 year residuals where that bad. I think it makes more sence to purchase than to lease this car as far as the numbers go.
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