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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
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Replying to: rvd72 (Sep 19, 2006 11:48 am) |
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Replying to: bigmoe1 (Sep 14, 2006 2:35 am) Is this a good deal? Thanks
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Replying to: rohan25 (Sep 22, 2006 8:24 am) |
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this is the deal i have so far. is there any more room to go down? 2006 750i (new) sport convenience comfort access premium sound luxury seating rear shades hd radio satellite radio residual 60% 3 yr / 36k miles msrp: $82790 cap cost: $77760 (edmunds says invoice is $75585) i am a first time leaser. MF is .00215 but i will add 7 refundable security deposits ($7700) to bring the MF down to .00166 monthly: $1074 (including tax) drive off would be $10045 refundable security would be $7700 i don't think there is much room in the MF but maybe the price? RVD. |
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margin over invoice is 2.8% good might want to consider putting down one deposit of 1100.00 mf would be .00200 payment would be 1107 including tax. don't know your zip using 7% tax. Take the 7700.00 buy an i bond yielding 6.75 % you would be ahead $200.00 as opposed to giving it to bmw. |
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Replying to: jvpr (Mar 21, 2006 12:10 pm) Starting out like this, you're going wind up like half the MDs/JDs in America: buried up to their eyeballs in debt at 60, renting luxury cars on a 36 month treadmill that they can't get off of, and unable to enjoy life or contemplate retirement. |
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Looking at a '07 750i with the following features Sport Package Luxury Seating Comfort Access Premium Sound Convenience Package High Definition radio Satellite Radio MSRP is $85,790 "wholesale" is $79,440 The "wholesale price" contains 2 items I am unfamiliar with (1) MACO - $380 and (2) Training Service Fee $180 - are these bogus? Also the Lease quote is $1500 over "wholesale" = $80,940 + $870 aquistion fee (which seems $245 too high based on the input I have seen on this forum that the acutal fee is $625) bringing the Adjusted Cap Cost to $81,810. Money Factor seems in line at .0020 with security deposit and .00215 without. 58% residual with 15,000 miles on a 36 month lease, also appears fair. My concern is the $850 in "extra fees" and if the "whlesale price" seems fair. I'm I being taken and ?? Thanks for the input.
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Replying to: ajgolf (Dec 22, 2006 4:58 pm) 2) I'm guessing the $870 includes $825 for acquisition fee and $45 for the document fee (California, right?). The acquisition fee is marked up the maximum $200 allowed by BMWFS (extra profit for the dealer). 3) With MACO, your "wholesale" price seems pretty close.. I didn't spec it out exactly, but it is definitely in the right range ($200 +/-) .0020 is the base money factor... Be sure to make the security deposit... the MF bump is a bad deal.. Taking everything into account... if you get the base MF, then the deal is under $2K over "cost".. Not bad for an $85K car.. Did they quote you a payment? You'll want to see if the payment and the upfront money match all of the other numbers... regards, kyfdx
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Replying to: kyfdx (Dec 22, 2006 7:47 pm) To answer your Qs - the payment with $3,094 drive off (which includes a $1250 security deposit) is $1,239. Without the security drive off is $1,865 ($1229 less, not sure how that worked??) and payment is $1,261 This is $22 per month more x 36 month = $792 over life of the lease. By my calculations if I do NOT put down the deposit I am ahead $437 -- $1228 (less drive off)- $792 (increased payment). So why would I want to put the security deposit down as you indicted? Thanks again, ajgolf
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