Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences BMW 7-Series Prices Paid and Buying Experience
118 messages, Last post on Oct 21, 2008 at 8:45 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
I'm looking at an msrp of 84390 36 mths 10k residual 61% dealer is trying to get 1261 a month, with a money factor of .00240. My calculation shows the dealer making about 6% over invoice. Any comments on the money factor and the margin also is the 1300 a month security deposit a dealer option?
|
|
|
Replying to: emauro (Aug 12, 2006 10:14 am) Do you know the selling price? What is the amount due at signing? Does the monthly payment include tax? You can have the security deposit waived, but it will result in an increase in the money factor... It is a better deal to make the deposit.. I've got other comments, but I'll wait for your answers.. regards, kyfdx |
|
|
heres the latest deal I got yesterday msrp 84390 cap cost 80290 includes 625 in acqusition fees residual 61% 10k 36 mth factor .0022928 monthly including tax $1179.63 start ups First month plus registration $1445.00
|
|
|
Replying to: emauro (Aug 13, 2006 10:44 am) If they used the base factor, and you made a security deposit, then the payment would be about $1064/mo.+tax.. Don't know your tax rate, but that is what I would be shoooting for... Probably $2500-$2600 upfront, of which $1150 would be a refundable security deposit. Your are close to that, though... not bad.. regards, kyfdx
|
|
|
Replying to: kyfdx (Aug 13, 2006 10:55 am) what is the base factor .00200? Can you tell me the relationship between the security deposit and the factor.
|
|
|
Replying to: emauro (Aug 13, 2006 11:02 am) BMWFS allows the dealer to mark-up the money factor for extra profit.. The maximum mark-up is .0004, resulting in a total money factor of .0024.. If you are a first time BMW lessee, you must make a security deposit, or you may have it waived for an extra .00015 bump in the money factor.. So... base MF with a security deposit is .0020.. Base MF w/o security deposit is .00215 Maximum MF w/security deposit is .0024 Maximum FM w/o security deposit is .00255
|
|
|
Replying to: kyfdx (Aug 13, 2006 8:14 pm) I am a first time bmw lessee. The current deal calls for no security deposit. What amount of security buys the rate down .00015. also who sets the security. Is it also true BMWFS is a pass/ fail and not necessarily tied to a beacon score? Regards, ed
|
|
|
Replying to: emauro (Aug 14, 2006 4:15 am) BMWFS has always been pass/fail in the past, but I read that they are going to start tiered rate structures.. not sure when, though...
|
|
|
Replying to: kyfdx (Aug 14, 2006 7:51 am) what do you think of this deal msrp 86590 monthly $1219.33 including tax factor.00200 acquisition 625.00 capitalized 36 mths 12k 60% resid starts first ,security, $200.00 registration($2669.33) my calculation the dealer is making 4.92% margin over invoice $78745.00 Do you think theirs any more room?. Ed
|
|
|
Replying to: emauro (Aug 16, 2006 4:28 pm) A selling price of around $82,600 That's about half-way between invoice and MSRP.. Is that a good deal? No idea, really... We don't see enough sales of 7-series here to get a good feel for the market.... That is around $3850 over invoice... sounds like a lot, but I doubt that BMW dealers are willing to take skinny deals on $85K cars... Base money factor and acquisition fee are good... Doesn't look like any extra padding in there.. The lease program is pretty decent right now for an '06 model at the end of the year... That is a really strong residual, and likely much higher than real-world depreciation... I'd certainly take this lease deal before I would purchase the car... Even with $43K in payments over the next three years, you'll come out ahead over buying it.. Good luck! kyfdx |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences BMW 7-Series Prices Paid and Buying Experience
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 BMW 7 Series
Browse by Board
Browse by Topic
Today's Chats
