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2013 and earlier BMW 7-Series Lease Questions
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Comments
2008 750LI Sport. Luxury Seating, Rear Entertainment, Comfort, Convienence, Premium Sound. HD Radio, Satellite Radio. MSRP: 91,820. Cap Cost: 77,990. Paid 7x security deposit to buy down money factor to .00155. 2 year lease. Monthly payment: 1083 with no up front capital reduction.
My cap cost was $78.5K, $1.7K down with the same specs as yours except for HD radio and Satellite. My payments are $1,143 with tax. I went with a 3yr lease.
Just curious...you say you are getting "ripped off"....what type of deal are you getting and where are you getting it?
Good luck.
Best thing to do is not play the monthly payment game.
Here are the June rates for most BMWs including the 7-series. Assuming you qualify for the lowest rates possible, you need to negotiate the lowest sale price possible, ask for the money factor and residual used in calculating your lease. Then plug that info into a lease formula/calculator. It may be to your best interest in doing a little research regarding leasing before you pull the trigger. It could save you thousands.
I always use the following site for calculating the lease payment.
http://www.leaseguide.com/calc.htm
MSRP: $88,620.00 COST: $78,626 (includes $825 acquisition fee and license fee - so just the car sales price was $77,773)
Lease: 24 months/12k miles per year, Payment including tax is $1206.95
I paid $1850 down which included the first month payment and license fees.
Money Factor: .00205
Convenience Package, Luxury Seating Package, Premium Sound Package, Comfort Access, Sirius Radio
In terms of the rest...the only thing that it seems like they nickeled you on was adding $200 profit to acquistion fee and the .00005 to your money rate (I believe their buy rate was .0020). so...it was like they added 12 tenths of a percent to your interest....
You might of considered increasing your security deposit to buy down the money rate a bit more...but again...given its only 2 years...you probably only would have reduced your monthly another 70ish bucks or so.
But all things considered....I think you got a good deal (especially if you got the exact car you wanted!)....
Congratulations!
The 3 yr lease is a better option and the MF is high.
I put $1.7k down with a MF of .00200 on a 3yr w/ 12k miles and the same options for a payment of $1,116.00
36 month lease $798/month
Returning BMW customer, given lower finance rate
out of pocket $3800 includes taxes of approx $1800, first month, bank fee, etc
Does this seem like a good deal?
So far sounds good. I personally would put less down and have a higher monthly payment. What's you MF?
I have 2 quotes so far, one is MF .00180 and monthly payment of $895 without tax, and $969 with tax.(would only offer 2year lease)
The other quote is $798,(3 years) $814 (2 years) I assume the MF is the same, as I'm turning in a BMW & they're both offering reduced MF. I'm waiting for the details from dealer on cap cost.
I appreciate feedback, as I have to make a decision quickly.
Thanks
FYI - i picked up a 750li two months ago - MSRP $91K and got the car for $78.5K.
3yr lease $798/month with taxes paid upfront approx $1600
cap cost is $68,860. MF is .00115 residual 57%
2yr lease $813
same as above, with 67% residual.
2008 BMWW 750 IL MSRP 86978....reduced to 79,975. 15k Miles 36 month. $1140 down payment. $1140 per month.....That includes my tax. Is this a good deal....Seems like it.
CAP COST: $80,200.00 (Included $5K BMW Trunk Money)
24 Months / 15K per year
Zero Down
Drive Off included 1st month payment, registration, tax and $825 Acquisition Fee (was marked up $200)
MF .001 (Repeat BMW customer) Car was purchased last day of June and I think MF has increased for July
Monthly Payment: ~$1145.00 :shades:
KK
p.s. 2009 cars are rolling in right?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Pick up the my 2008 750il Saturday....Just need some last minute confirmation.
Maybe Fripullo can advise.
$90,000 MSRP selling for $79,975
36 month lease 15k miles $1,139 total payment including tax.
$1,189.29 down payment and that includes first month and taxes. Residual is 54% and the money factor is .00135 (returning BMW FS...x5 owner.
Is this a good/average/smoking deal?
see car_man's last post here
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
24 month lease $979
36 month lease $939
$1800 down includes all fees, tag etc.
Is this a good deal? How much lower can I negotiate the payments?
Can someone tell me what is the current residual and money factor for a Li modle for 24 month, 36 month and 48 month? I want min 15K miles a year
thanks
Keep in mind that if you are a current BMW FS lessee, you are entitled to a substantial .00100 reduction in the aforementioned money factors.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Cap price $74,120
24 month lease $967
36 month lease $932
MF is .00105
$1800 down includes all fees, tag etc.
Is this a good deal? How much lower can I negotiate the payments?
:confuse:
Thanks
Cap price $74,120
24 month lease $967
36 month lease $932
MF is .00105
dreamer8 - can you explain if you can how you can get the 0.00105 money factor, when the buy rate is minimum 0.00115 for current owners, and 0.00215 for new customers? Does the 0.00105 include additional security deposits for example?
FYI - local dealers will do invoice less $5K with the buy rate leases.
12k per year
premium sound
comfort
convenience
19 wheels
sat radio
hd
luxury seating
MSRP 88970 ACC 79780.19
residual 66%
BMW loyalty
payment1036.78
due at start 1956.42
Seeing that this is the last year of the model and we are into August here is this a good deal or should i continue to work them to see if they go lower?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks for your input and time.