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2013 and earlier BMW 7-Series Lease Questions
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Hope that helps. Let me know what you end up doing...good luck!
One other thing. I see that you are considering making a $5,000 down payment on your lease. You would be much better off keeping that money in the bank, even though it means that your monthly payment will be a little higher. I say this because if your car is totaled there is a good chance that your down payment will disappear.
Car_man
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What is the money factor for 750i for 39 months or BMW only leases for 36 months? Also, what is the residual? What do you think is the reasonable discount off MSRP right now given the economy and end of the model year?
Thank you.
Thats great news. Is this for new customers or returning loyalty? What is the loyalty money factor for returning customers?
Car_man
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Car_man
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Car_man
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thanks
Car_man
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thanks
I have a two part question for you. First part is the $7500 dealer allowance that BMW is offering. Is this only applicable if the car is being purchased and not leased or is it valid on leasing as well?
Second question, based on the following figures can you tell me what you feel my total lease payment should be based on BMW's current MF and residual. The dealer and I don't seem to coming up with the same amounts. (I am a current BMW leasee)
MSRP $89,270
Cap cost $79270
36 month, 12K
Sales Tax 6%
No money down except first payment, acq. fee, and tags
Thanks for your help!!
The dealership manager told me he's losing money if the car goes below 12,000 off. That's where he's at now with a total payment of $1100 for a 36 month lease.
How did you get $15K off and what are being quoted for a lease payment?
Car_man
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Let's work up a sample lease payment for you and see what we come up with. According to my calculations, if you were to lease a 2008 BMW 750Li that has an MSRP $89,270 and a capitalized cost of $79,270 through BMW Financial Services right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $1,051.
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I want to know one more thing before I buy, how much does BMW charge for additional miles upfront? Is it 0.15 cents a mile? If so is it possible for me to do a 10000 miles a year and buy whatever miles I want upfront? Doing the math it seems like there is a savings if I do that rather than paying 4% for the residual. Let me know soon
Thanks
What is the money factor and residual for 750i for November?
Thank you.
Most banks do not allow the purchase of additional miles on low mileage leases, i.e. those with 10,000 or 12,000 miles per year, only on 15,000 mile leases.
Car_man
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Car_man
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At the end of October, BMW paid its dealers a $10,000 dealer cash allowance on any 7-Series models that they reported as sold. Chances are that you can take this allowance into account during your negotiations.
Car_man
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$90470 MSRP
$73850 Cap cost
$3517 drive off which included a $1100 security deposit
Do you have any information on pricing and money rates for the new model yet
Congratulations on your new bmw, hope you have many many happy miles with your new car,
Btw what car did you drive before, which was replaced by the 7series?
I am just curious, didn't you want to wait for a week or so to check out the new 7 series? or have you already seen it?
When bmw gives you 3 years warranty, is everything covered on that?
Car_man
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Car_man
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In short, the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The key to getting a good deal on a lease is to shop around and negotiate as low a selling price as possible on the car that you want. Once you have arrived at a selling price that you are comfortable with, have the dealer calculate its monthly payment using BMW Financial Services' buy rate lease money factor for it, which is currently .00155.
Car_man
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BMW is providing a ton of support on the 2008 7 right now in the form of dealer cash, special financing rates, and a special lease program.
Car_man
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Did BMW add new programs for month end? Do you know if there will be any new specials in December?
$90470 MSRP
$73850 Cap cost
$3517 drive off which included a $1100 security deposit
After spotting my first new 7 series today, I was quite surprised how good looking it was in person.
I hope you won't regret not getting the new 7 series, without looking or testing it.
No reply’s since your purchase?
Car_man
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Just wanted to run this by you to see if I am getting a good deal or not. Day before yesterday I went to BMW/Honolulu to lease a jet black 750LI MSRP 90,000.
They offered the vehicle at $77,000. Original they wanted $5500/No security deposit/36 months/$995 w/tx/Pay off the S550 payment of $2404.00
Now they offered the vehicle at $77,000 and pay off the remainder of my S550 ($2404.00) a down of $3500.36 months/1056 tx included. When I calculated the new payment, I discovered that they buried the $2196 in the 3 years lease. What do you think? Is this a good deal. I told them I want to keep the $3500 down and pay the $995.00
Thanks
Ideally, you would wait until the scheduled end of your current lease to get a new vehicle so that you don't have to waste the remaining payments on your S.
Car_man
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Just wanted to say thank you for your email. I did wait and play the poker game with them and got what i wanted. I got deal down to $1995.00 and three years lease at $995.00 Tx included fully loaded 750LI Black on Black.
Car_man
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Is it still possible to lease 2008 750? If yes, what are the current deals?
Thank you
I am in the market for a car and have been looking around at various cars. One of the local BMW dealerships sent out a 2008 Blowout email with different cars. One of them was the 2008 BMW 750LI. I am curious to see if this is a good deal? They want $5995 down, 36 months, 10k miles plus inception fees.$599.00 a month I asked them for an itemization of these fees and this is what they came back with. It seems like it is excessive but want to see what are legit charges and what are JOKES.. I very interested in getting the most bang for my buck but want to get some confirmations on this. It is a new car with only 25 miles on it.
$10,816.40= TOTAL FEES....
$5,995.00 Cash Money Down
$599.00 First Payment
$600.00 Refundable Security Deposit
$2003.33 NJ Taxes (Other States may vary)
$875.00 Bank Fee
$185.00 Doc Fee
$268.77 NJ Supplemental Taxes
$7.50 Tire Fee
$282.80 DMV Charges
Specs of the car are as follows:
Model
0879 750Li
USD 79,900.00
Color
354 Titanium Silver Metallic
N/C
Upholstery
U6SW Black Nasca Leather
N/C
Options
ZLS Luxury Seating Package
2,200.00
248 Heated steering wheel
N/C
415 Power rear sunshade
N/C
416 Power rear sunshade and rear side-windows s...
N/C
451 Active seat for driver
N/C
453 Ventilated front seats
N/C
464 Ski bag
N/C
496 Heated rear seats
N/C
ZPS Premium Sound Package
1,800.00
672 6-disc CD changer
N/C
677 Logic7 sound system with Surround Sound and...
N/C
R6 19" Light-alloy wheels Star Spoke (style231) wi...
1,300.00
438 Dark Ash wood trim
N/C
Net Total
85,200.00
Destination Charge
825.00
Total Suggested Price
86,025.00
Thanks, any help is appreciated..
I eagerly wait your reply.
MM
I have been checking back on the board daily to see if either of you would offer up some feedback. Can either of you post something one way or the other. Or if you dont know just let me know. I thank you very much.
MM
BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 750i with 15,000 miles per year are .00155 and 50%, respectively.
Car_man
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You should roll the sales tax into your car's payment as well for the same reason that I laid out above. New Jersey allows lessees to do so.
Something else that I notices about this deal is that the dealer is attempting to mark up BMW Financial Services' acquisition fee. BMW FS charges a base acquisition fee of $725 on every vehicle that it leases. This dealer is trying to slip a little extra profit into your deal by marking this fee up $150. If I was leasing from this dealer, I personally would insist that they drop the markup.
You posted a lot of information, but you left out the two most important numbers...this car's selling price and money factor. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, you don't know how much of a dealer discount you are being given. Let us know what it is and I am sure that either myself or another knowledgeable community member will gladly give you their opinion on it.
BMW Financial Services' current buy rate lease money factor for the 2008 750Li is .00155. If the dealer is charging you any more than this, they are marking up your car's factor to add additional hidden profit to your deal. BMW dealers are notorious for doing this. Make sure to insist that they use the buy rate.
Car_man
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