Last post on Feb 16, 2013 at 11:05 PM
You are in the BMW 5-Series
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BMW 5 Series, Sedan
#2279 of 12737 VOB BMW in Maryland
Feb 14, 2002 (8:53 am)
I am starting the fun process of zeroing in on my dream BMW. The nearest dealer to me is VOB BMW in Rockville, MD. Does anyone have experience with them or have a particular sales person. I'm doing the 530 vs 540 dance right now (thanks to the great discussions on this board). Does anyone think I'll notice much differnce between my existing car (1994 Isuzu Trooper) and a new BMW ?
Feb 14, 2002 (9:45 am)
That's so cool that you can do that multiple security deposit thing in California. Here in NY you can't. I wonder if I could do it if I bought the car in Jersey & registered it in NY...
#2281 of 12737 Multiple Security Deposits
Feb 14, 2002 (9:55 am)
I'd be curious why you can't do multiple sec deposits in NY. It is a plan offered by BMW Finance (see their web site) and unless for some reason it is illegal in NY I don't know why you wouldn't be able to do it. I plan to do it in PA. According to my math, it translates into close to an 18% annual return on my deposit after tax. I can't think of another fixed income investment that even comes close to that. Curiously, I've only had one dealer mention it to me as an option.
#2282 of 12737 RE: VOB BMW in Maryland by rlowrie
Feb 14, 2002 (10:00 am)
From a '94 Trooper, I think you'd probably be wowed by a new Camry, let alone a 5-series. If you'll be ordering a 5/6-speed and sport package (very highly recommend both, by the way), I'd recommend you start with the 525i and move your way up as necessary. Unless, of course, you've got $60k burning a hole in your pocket and are eager to part with it. If you don't get any replies about VOB here, you may want to try posting at www.bimmer.org as well.
Feb 14, 2002 (10:34 am)
somebody on the 3 series board (or maybe here) said that it is illegal in NY.
#2284 of 12737 Getting a Good Deal
Feb 14, 2002 (11:07 am)
Seems like based on what millerro3 said earlier that a way to get a good deal if you're really a cash buyer is: Push for a low price but allow them to bump the finance rate. Then, simply pay off the loan.
Of course, you could be nice and wait 90 days (?) so the dealer doesn't get charged back for it...
Feb 14, 2002 (1:13 pm)
That's not true, I just sold an X5 to a customer from Brooklyn and he is doing multiple security deposits. Good way to start off my day!
#2286 of 12737 RE: VOB BMW in Maryland
Feb 14, 2002 (1:49 pm)
Don't know about VOB, but have had good experiences with Tischer BMW in Silver Spring. Talk to Mike Mills, who is a long time BMW enthusiast as well as very fair.
#2287 of 12737 jim52... re: Mulitple Security Deposits
Feb 14, 2002 (2:02 pm)
help me understand about the 18% ROI because of multiple security deposits - don't you just get back what you put in (the multiple deposits), less upfront dealer fees? that to me means negative return. what am i missing?
Feb 14, 2002 (2:23 pm)
So what is the limit to the amount of security deposits one can put down? Do you think there is a way for me to do that and get a 325Ci for $400/month 3 years 15,000/per year assuming the car is equipped With a Sport Package/Sunroof/Heated Seats/Bi-Xenon Headlights? and you'd sell it to me for $1500 over (maybe less since I'd be doing this in December). So am I right in saying that by putting down multiple security deposits lowers the money factor?