BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
European Auto Source
Post Reply
 
Thread Tools Search this Thread
      10-19-2010, 08:44 PM   #1
Splooge911
Private First Class
8
Rep
117
Posts

 
Drives: 335i
Join Date: Oct 2010
Location: New York

iTrader: (0)

Safe Lease question

I have done the but can't find much info about Safe Lease. I see in the past it was a package you could buy. It allows you to return your lease with up to $5000 worth of damage. My sister just got the with her VW lease and it was something like $700. To me it made a lot of sense. It allows you to return the car with 4 bald tires which makes it worth it right off the bat + any other damage up to $5,000

Does anyone know if BMW still offers this? And how much?

I figure since the M3 tires go pretty quick (compared to other tires and based on exactly how hard you drive), I'd pass on the wheel and tire insurance, pray for no rim damage (never have had rim damage in the past) and look to run replacment tires right down to the end when returning the car.

Anyone think this makes sense?

That Safe Lease will also cover any big dings and dents I might end up with which (clearly) the wheel and tire package wouldn't for $1,200....
Appreciate 0
      10-19-2010, 10:14 PM   #2
Dice13
Lieutenant
United_States
8
Rep
550
Posts

 
Drives: 2011.5 AW E93 M3
Join Date: Jul 2010
Location: New Jersey

iTrader: (0)

I don't know but with all these good questions you are coming up with,I guess I have to follow this now as I will be picking up my car between 4-10 days depending on arrival at dealership. If you have anything else in that brain brewing get them out :-).
Appreciate 0
      10-19-2010, 10:44 PM   #3
geneatals
Ninja
geneatals's Avatar
Philippines
44
Rep
3,207
Posts

 
Drives: 2011.5 E90 M3
Join Date: Dec 2007
Location: So Cal (SFV)

iTrader: (2)

yes BMW does still offer the Safe Lease...

my brother just got into a 335is about 3 weeks ago and was offered this plan. From what I overheard it covers up to $5K worth of damage including tire and wheel wear and tire (different from the tire and wheel protection program which covers you throughout your lease for tire and/or wheel repair, safe lease only covers wear and tear @ lease return.)

I've been researching safe lease quite a bit as well lately as my car is getting closer to delivery. From what I've read over on bimmerfest it seems there are some things you need to go over in the fine print of this plan. Some report that safe lease only covers up to $500 per incident, and a max of $5K/10 incidents. I am unable to confirm this as my brother's safe lease contract is still being mailed to him. I've also read/heard that safe lease also covers a little mile overage as well, how many miles again I am not sure.

As far as price goes, seems it varies dealership to dealership for some reason. One dealership quoted $595, others as much as $1200 (read one person stating he was asked how much he was willing to pay for it while in the finance office, he said $499, the finance guy said "done" so perhaps, like everything else, I think it's negotiable. And before you ask, yes...you have to purchase the safe lease plan form the dealership you got your car from....

I'm still waiting to read over my brother's safe lease paperwork to see if there is in fact a $500 max coverage per incident.

I currently have the wear and tear coverage that used to be offered by BMW on my current e60 535i lease. This lease ends in december and since I have this coverage I don't have to schedule any repairs (a few scrapes to the bottom of the front bumper) or worry about purchasing tires before I return it (rft's can be costly), I'm hoping to have the same peace of mind when I return my M3 3 years from now....


I haven't actually called BMWNA regarding safe lease, but that will most likely be my next stop...


definitely weigh the cost of the plan versus coming out of pocket for minor damage tho, door dings and minor chips can be acceptable and may not get charged for, there's that lease return tool that tells you what size is acceptable and what is not in terms of damage. But like you stated earlier, tires alone might pay for itself if you don't think you're going to burn thru the set you get from the factory as well as get a good price on the safe lease plan. Back to door dings and rock chips, mobile repair services cost 100-200 at the most per repair...I think we are all pretty good at avoiding dings, rock chips can happen, but most damage we do incur we tend to fix anyway as we don't like seeing dings and chips on our cars.....
__________________
2011.5 E90 M3 AW l Black Novillo Leather | Carbon Fiber Leather Trim | ZCP | ZP2 | M-DCT | Navigation | Moonroof | 6FL l Pics/Mods
Retired: 2008 535i l AW l Black Dakota Leather l Bamboo Anthracite l ZPP l ZSP l 6FL

Last edited by geneatals; 10-19-2010 at 10:51 PM.
Appreciate 0
      10-19-2010, 10:47 PM   #4
llis
octane chick
llis's Avatar
United_States
24
Rep
1,135
Posts

 
Drives: Ms
Join Date: Oct 2010
Location: Colorado

iTrader: (1)

Garage List
2013 BMW M3 ZCP  [5.00]
2003 BMW M5  [0.00]
Question

Quote:
Originally Posted by Splooge911 View Post
Does anyone know if BMW still offers this? And how much?
I have leased twice and bought from dealer twice. In the latter case, I've been presented with upsell after upsell. Some make sense, some are nutty. On the leases, no upsells. I think if they had something like this, they would pitch it. Because just like those "insurances" they offer when you buy a TV or phone or whatever, it's a bad deal for the consumer and another opportunity for the vendor to cash in. Otherwise why would they do it?

I don't think it's likely BMW offers this. And if they did, I'd question whether it was worth it. (Would you really want to beat up your M3 and turn it in worn and wrecked?)
__________________

2013 E92 ///M3 ZCP 6MT Speed Yellow 2003 E39 ///M5
Appreciate 0
      10-19-2010, 10:49 PM   #5
Splooge911
Private First Class
8
Rep
117
Posts

 
Drives: 335i
Join Date: Oct 2010
Location: New York

iTrader: (0)

Quote:
Originally Posted by geneatals View Post
yes BMW does still offer the Safe Lease...

my brother just got into a 335is about 3 weeks ago and was offered this plan. From what I overheard it covers up to $5K worth of damage including tire and wheel wear and tire (different from the tire and wheel protection program which covers you throughout your lease for tire and/or wheel repair, safe lease only covers wear and tear @ lease return.)

I've been researching safe lease quite a bit as well lately as my car is getting closer to delivery. From what I've read over on bimmerfest it seems there are some things you need to go over in the fine print of this plan. Some report that safe lease only covers up to $500 per incident, and a max of $5K/10 incidents. I am unable to confirm this as my brother's safe lease contract is still being mailed to him. I've also read/heard that safe lease also covers a little mile overage as well, how many miles again I am not sure.

As far as price goes, seems it varies dealership to dealership for some reason. One dealership quoted $595, others as much as $1200 (read one person stating he was asked how much he was willing to pay for it while in the finance office, he said $499, the finance guy said "done" so perhaps, like everything else, I think it's negotiable. And before you ask, yes...you have to purchase the safe lease plan form the dealership you got your car from....

I'm still waiting to read over my brother's safe lease paperwork to see if there is in fact a $500 max coverage per incident.

I currently have the wear and tear coverage that used to be offered by BMW on my current e60 535i lease. This lease ends in december and since I have this coverage I don't have to schedule any repairs (a few scrapes to the bottom of the front bumper) or worry about purchasing tires before I return it (rft's can be costly), I'm hoping to have the same peace of mind when I return my M3 3 years from now....
Thats interesting. I read that when you return a car with the Safe Lease coverage, they try to find everything they can wrong with the car to put in a claim. Im sure the dealership would sell the package for a lose of $500 just cause they know they can find $1000+ worth of "damage" in 3 years

I might pass on the tire warranty and just go with this plan. I'll replace the tires halfway through the lease and then just run them down to bowling balls before i turn the car in.

I have 4 weeks to keep thinking.
Appreciate 0
      10-19-2010, 10:53 PM   #6
Splooge911
Private First Class
8
Rep
117
Posts

 
Drives: 335i
Join Date: Oct 2010
Location: New York

iTrader: (0)

Quote:
(Would you really want to beat up your M3 and turn it in worn and wrecked?)
Yes - because when you bring it in and they tell you 2 or 3 or 4 of the tires need to be replaces at $250 a piece and the bumper has a dent that is another $250 and the front fender is scatched and its going to be another $200, I can just hand it in.

Im not saying i'll take a bat to the car or just slam into curbs, but its peace of mind when someone does put a shopping cart into your door with 4 months left in your lease
Appreciate 0
      10-19-2010, 10:56 PM   #7
llis
octane chick
llis's Avatar
United_States
24
Rep
1,135
Posts

 
Drives: Ms
Join Date: Oct 2010
Location: Colorado

iTrader: (1)

Garage List
2013 BMW M3 ZCP  [5.00]
2003 BMW M5  [0.00]
That's what comprehensive is for. I can't say I'm not concerned about last-minute pita incidents with 2 months left in my current lease, but I don't think I'd be tempted to pay a premium on my current order for that extra coverage.

Now windshield glass coverage, where I live? That's a different story.
__________________

2013 E92 ///M3 ZCP 6MT Speed Yellow 2003 E39 ///M5
Appreciate 0
      10-19-2010, 11:04 PM   #8
geneatals
Ninja
geneatals's Avatar
Philippines
44
Rep
3,207
Posts

 
Drives: 2011.5 E90 M3
Join Date: Dec 2007
Location: So Cal (SFV)

iTrader: (2)

Quote:
Originally Posted by llis View Post
That's what comprehensive is for. I can't say I'm not concerned about last-minute pita incidents with 2 months left in my current lease, but I don't think I'd be tempted to pay a premium on my current order for that extra coverage.

Now windshield glass coverage, where I live? That's a different story.


this is the debate I often read of and go back and forth with personally...I already pay insurance, why double up?

but even with comp coverage you have to pay your deductible, so you could opt for the lower deducitble, pay a higher monthly and file claims til the cows come home....or hopefully get a good price on safe lease, and just not worry about it.....seems the money would balance out either way...
__________________
2011.5 E90 M3 AW l Black Novillo Leather | Carbon Fiber Leather Trim | ZCP | ZP2 | M-DCT | Navigation | Moonroof | 6FL l Pics/Mods
Retired: 2008 535i l AW l Black Dakota Leather l Bamboo Anthracite l ZPP l ZSP l 6FL
Appreciate 0
      10-19-2010, 11:13 PM   #9
Splooge911
Private First Class
8
Rep
117
Posts

 
Drives: 335i
Join Date: Oct 2010
Location: New York

iTrader: (0)

Quote:
Originally Posted by geneatals View Post
this is the debate I often read of and go back and forth with personally...I already pay insurance, why double up?

but even with comp coverage you have to pay your deductible, so you could opt for the lower deducitble, pay a higher monthly and file claims til the cows come home....or hopefully get a good price on safe lease, and just not worry about it.....seems the money would balance out either way...
Thats not apples to apples. With insurance, you pay a deductible (usually $500) and your insurnce goes up. This is pretty much you buy this for $500-$700 and it gives you $5000 of wear and tear. Try to replace your tires during your lease so you can run them down to low tread before handing in the car and you owe nothing. Regular insurance you talk about wouldn't cover that. The tires alone pay for the package and incase anything else happens to the car, your golden
Appreciate 0
      10-19-2010, 11:22 PM   #10
geneatals
Ninja
geneatals's Avatar
Philippines
44
Rep
3,207
Posts

 
Drives: 2011.5 E90 M3
Join Date: Dec 2007
Location: So Cal (SFV)

iTrader: (2)

Quote:
Originally Posted by Splooge911 View Post
Thats not apples to apples. With insurance, you pay a deductible (usually $500) and your insurnce goes up. This is pretty much you buy this for $500-$700 and it gives you $5000 of wear and tear. Try to replace your tires during your lease so you can run them down to low tread before handing in the car and you owe nothing. Regular insurance you talk about wouldn't cover that. The tires alone pay for the package and incase anything else happens to the car, your golden
sounds like your decision has been made
__________________
2011.5 E90 M3 AW l Black Novillo Leather | Carbon Fiber Leather Trim | ZCP | ZP2 | M-DCT | Navigation | Moonroof | 6FL l Pics/Mods
Retired: 2008 535i l AW l Black Dakota Leather l Bamboo Anthracite l ZPP l ZSP l 6FL
Appreciate 0
      10-19-2010, 11:26 PM   #11
Splooge911
Private First Class
8
Rep
117
Posts

 
Drives: 335i
Join Date: Oct 2010
Location: New York

iTrader: (0)

Quote:
Originally Posted by geneatals View Post
sounds like your decision has been made
naaa im just talking outloud... if i get the safe lease, my rim will crack 2 weeks later. If i get the wheel and tire package, someone will put a shopping cart into my door and bumper 3 weeks before I turn the car in....
Appreciate 0
      10-19-2010, 11:35 PM   #12
geneatals
Ninja
geneatals's Avatar
Philippines
44
Rep
3,207
Posts

 
Drives: 2011.5 E90 M3
Join Date: Dec 2007
Location: So Cal (SFV)

iTrader: (2)

Quote:
Originally Posted by Splooge911 View Post
naaa im just talking outloud... if i get the safe lease, my rim will crack 2 weeks later. If i get the wheel and tire package, someone will put a shopping cart into my door and bumper 3 weeks before I turn the car in....
Murphy's Law....


I do think there are other companies that offer wheels and tire protection packages for much less than what you were quoted for...I think even AAA has a plan....
__________________
2011.5 E90 M3 AW l Black Novillo Leather | Carbon Fiber Leather Trim | ZCP | ZP2 | M-DCT | Navigation | Moonroof | 6FL l Pics/Mods
Retired: 2008 535i l AW l Black Dakota Leather l Bamboo Anthracite l ZPP l ZSP l 6FL
Appreciate 0
      10-19-2010, 11:49 PM   #13
TurboFan
Ski bum
TurboFan's Avatar
94
Rep
6,207
Posts

 
Drives: sideways
Join Date: Aug 2007
Location: Knee deep in the pow

iTrader: (8)

BMW leases are fairly forgiving. Anything under 2" on the body panel is a minor incident, and are no charge. More than 2 but under 4" is like $500.

The M3 doesn't use RFT's, so you can put friggin touring tires from Sears on it for turn-in. There are some cheap tires available. And you only need 2/32" of tread. You can usually find something that close to bald for pennies on the dollar.

I've leased a bunch of cars, and (knock on wood) I've never paid anything at turn-in. I thought my 335 was going to cost me some bucks, too.
__________________

1999 e46 328i Ti Silver / Black[retired]
2007 e90 335xi Jet Black / Black[retired]
2011 e70 X5 35d Vermillion Red / Cinnamon
2011 e92 M3 LeMans / Fox Red extended
Appreciate 0
      10-20-2010, 12:06 AM   #14
geneatals
Ninja
geneatals's Avatar
Philippines
44
Rep
3,207
Posts

 
Drives: 2011.5 E90 M3
Join Date: Dec 2007
Location: So Cal (SFV)

iTrader: (2)

Quote:
Originally Posted by TurboFan View Post
BMW leases are fairly forgiving. Anything under 2" on the body panel is a minor incident, and are no charge. More than 2 but under 4" is like $500.

The M3 doesn't use RFT's, so you can put friggin touring tires from Sears on it for turn-in. There are some cheap tires available. And you only need 2/32" of tread. You can usually find something that close to bald for pennies on the dollar.

I've leased a bunch of cars, and (knock on wood) I've never paid anything at turn-in. I thought my 335 was going to cost me some bucks, too.
sounds like you've been fortunate enough to have a not so meticulous end of lease inspection....hope that stays that way...

my current lease end in december so I'll be having my lease end inspection soon, this is my first BMW right now so not sure how picky they are, but have read both sides of the spectrums....
__________________
2011.5 E90 M3 AW l Black Novillo Leather | Carbon Fiber Leather Trim | ZCP | ZP2 | M-DCT | Navigation | Moonroof | 6FL l Pics/Mods
Retired: 2008 535i l AW l Black Dakota Leather l Bamboo Anthracite l ZPP l ZSP l 6FL
Appreciate 0
      10-20-2010, 12:23 AM   #15
brandonwuwux3
Captain
United_States
22
Rep
703
Posts

 
Drives: Jet black E92 m3 DCT
Join Date: Jul 2010
Location: SOCAL 626

iTrader: (2)

my mom paid 900 bucks for safe lease on her 2009 e92 335!
Appreciate 0
      10-20-2010, 12:41 AM   #16
TurboFan
Ski bum
TurboFan's Avatar
94
Rep
6,207
Posts

 
Drives: sideways
Join Date: Aug 2007
Location: Knee deep in the pow

iTrader: (8)

Quote:
Originally Posted by geneatals View Post
sounds like you've been fortunate enough to have a not so meticulous end of lease inspection....hope that stays that way...

my current lease end in december so I'll be having my lease end inspection soon, this is my first BMW right now so not sure how picky they are, but have read both sides of the spectrums....
The girl at the local bimmer dealer is know as a hard-ass. I took it in for a pre-inspection, and she pointed out some things to fix. Total was $50 for a local touch-up paint pro. She walked around with the little tool BMW sends, noting easily 7-8 dents. All under 2", no charge!

I turned it in with RFTs - my old winter tires I'd driven all summer Still had usable tred depth, and they were RFT. All was good.
__________________

1999 e46 328i Ti Silver / Black[retired]
2007 e90 335xi Jet Black / Black[retired]
2011 e70 X5 35d Vermillion Red / Cinnamon
2011 e92 M3 LeMans / Fox Red extended
Appreciate 0
      10-20-2010, 07:52 AM   #17
Splooge911
Private First Class
8
Rep
117
Posts

 
Drives: 335i
Join Date: Oct 2010
Location: New York

iTrader: (0)

Quote:
Originally Posted by TurboFan View Post
BMW leases are fairly forgiving. Anything under 2" on the body panel is a minor incident, and are no charge. More than 2 but under 4" is like $500.

The M3 doesn't use RFT's, so you can put friggin touring tires from Sears on it for turn-in. There are some cheap tires available. And you only need 2/32" of tread. You can usually find something that close to bald for pennies on the dollar.

I've leased a bunch of cars, and (knock on wood) I've never paid anything at turn-in. I thought my 335 was going to cost me some bucks, too.
There are no cheap tires out there for the 19 inch rims
Appreciate 0
      10-20-2010, 02:30 PM   #18
TurboFan
Ski bum
TurboFan's Avatar
94
Rep
6,207
Posts

 
Drives: sideways
Join Date: Aug 2007
Location: Knee deep in the pow

iTrader: (8)

eh, I have 18's from the factory. Great for winter and track. Non-OEM 19's for show.
__________________

1999 e46 328i Ti Silver / Black[retired]
2007 e90 335xi Jet Black / Black[retired]
2011 e70 X5 35d Vermillion Red / Cinnamon
2011 e92 M3 LeMans / Fox Red extended
Appreciate 0
      10-20-2010, 03:06 PM   #19
Splooge911
Private First Class
8
Rep
117
Posts

 
Drives: 335i
Join Date: Oct 2010
Location: New York

iTrader: (0)

Quote:
Originally Posted by TurboFan View Post
eh, I have 18's from the factory. Great for winter and track. Non-OEM 19's for show.
I ordered the convertible. Great for show. Not for winter or track.
Appreciate 0
      10-20-2010, 03:26 PM   #20
Dice13
Lieutenant
United_States
8
Rep
550
Posts

 
Drives: 2011.5 AW E93 M3
Join Date: Jul 2010
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by TurboFan View Post
The girl at the local bimmer dealer is know as a hard-ass. I took it in for a pre-inspection, and she pointed out some things to fix. Total was $50 for a local touch-up paint pro. She walked around with the little tool BMW sends, noting easily 7-8 dents. All under 2", no charge!

I turned it in with RFTs - my old winter tires I'd driven all summer Still had usable tred depth, and they were RFT. All was good.
7 -8 dents I don't blame her for being a hard ass. Even though no charge still a lot of dents.
Appreciate 0
      10-20-2010, 07:16 PM   #21
TurboFan
Ski bum
TurboFan's Avatar
94
Rep
6,207
Posts

 
Drives: sideways
Join Date: Aug 2007
Location: Knee deep in the pow

iTrader: (8)

Quote:
Originally Posted by Dice13 View Post
7 -8 dents I don't blame her for being a hard ass. Even though no charge still a lot of dents.
Agreed, but she's known in the local group as just being nit-picky. It's her job, I don't fault her, and she's very honest in the pre-turn in inspection. She goes around with the little card from BMW and tells you exactly what to expect. Mine were door dings, rock chips / dings, etc. The roads around here aren't kind to cars.
__________________

1999 e46 328i Ti Silver / Black[retired]
2007 e90 335xi Jet Black / Black[retired]
2011 e70 X5 35d Vermillion Red / Cinnamon
2011 e92 M3 LeMans / Fox Red extended
Appreciate 0
      10-20-2010, 09:05 PM   #22
geneatals
Ninja
geneatals's Avatar
Philippines
44
Rep
3,207
Posts

 
Drives: 2011.5 E90 M3
Join Date: Dec 2007
Location: So Cal (SFV)

iTrader: (2)

I'm more worried about scrapes to the bumper...I know we all do our best to maneuver/angle down driveways to avoid scraping, but sometimes it happens...do they check the bottom part of the bumpers and ding you for damage there?
__________________
2011.5 E90 M3 AW l Black Novillo Leather | Carbon Fiber Leather Trim | ZCP | ZP2 | M-DCT | Navigation | Moonroof | 6FL l Pics/Mods
Retired: 2008 535i l AW l Black Dakota Leather l Bamboo Anthracite l ZPP l ZSP l 6FL
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 04:08 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST