BMW Lease Discount Ends Soon
If you have good credit and are thinking about leasing a BMW, you may want to do it this month to take advantage of BMW's multiple security deposit (MSD) discount while it's still available - BMW is ending the discount starting May 1st.
The MSD discount is an "interest rate reduction" given to those who put down multiple security deposits on their lease (which is fully refundable). BMW allows you to stack 7 security deposits into the down payment, reducing your interest rate by up to 1.3% - which translates into savings of around $50 per month in some cases, or close to $2,000 on a 36 month lease.
I got tipped off to this on the Bimmerfest.com forums, I urge you to check out the post for more info. Note that NY residents have never been allowed to take advantage of the MSD discount, although I read you can get around this by leasing the vehicle from a NJ dealership.
P.S. - If you're going to lease a BMW, you should also take advantage of a little-known AARP incentive that can get you additional discounts of up to $5,000 - (you can be any age to become an AARP member). See this post for more info.
As always, I recommend using TrueCar No Haggle and CarsDirect to see the lowest prices your local dealers are willing to offer.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.Latest Weekly Car Buying Tips
May 2024
- Top 100 Cheapest Lease Deals May 16, 2024
- Cars With the Largest Rebates May 16, 2024
- Which Cars Better to Lease or Buy May 16, 2024
- Real Prices of Pickup Trucks May 16, 2024
- Best 0% Finance Deals May 2024 May 12, 2024
- Best Bang for Your Buck Lease Deals May 09, 2024
- Best Electric, Hybrid Lease Deals May 09, 2024
- Biggest Discounts on New Cars May 09, 2024
- Biggest Price Drops on New Cars (Spring 2024) May 02, 2024
- Best Car Deals Around the Country May 02, 2024
- Real Prices of Compact Cars May 02, 2024
- New Cars You Should Wait to Buy May 02, 2024
April 2024
- New Cars with the Most Available Inventory Apr 25, 2024
- Best Car Deals by Category Apr 25, 2024
- Top 100 Cheapest New Cars for 2024 Apr 25, 2024
- Real Prices of New Compact SUVs Apr 25, 2024
- Worst Cars to Lease Right Now Apr 18, 2024
- Real Prices of Midsize Cars Apr 18, 2024
- Price Comparison of Subcompact SUVs Apr 11, 2024
- Real Prices of Large SUVs Apr 04, 2024
- Largest Hidden Dealer Rebates Apr 04, 2024