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Prices Paid: Buying & Leasing Experiences BMW 7-Series Lease Questions
204 messages, Last post on Sep 05, 2008 at 3:04 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Jan 11, 2008 4:20 am) can you give me the same as above but for a 10K mile per year lease? Are the rates different at all for the 750i? What are they for a 24 months lease?
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Help!!"> I'm looking to lease a 2008 750i sedan in the next couple of months ,and was wondering if you get a sense that BMW FS is going to increase the current $5000 capitalized cost reduction incentive in anticipation of the new 2009 inventory with body style change?
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Replying to: jim53 (Jan 11, 2008 2:40 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: gildrv (Feb 11, 2008 1:11 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hello Car_man: Can you provide me with some information. I am a current 745i owner. My lease with BMW financial services is expiring next month. Can you tell me what the current Dealer Incentives and the Money Factor is for a 2008 750i with 12K miles per year. Also, when do the those figures expire. I read (not that I believe everything I read on the internet, but it can't hurt to verify) somewhere that BMW financial services was offering a special incentive to returning 7 series owners. Is there any truth to this. Thanks for all your help Car_man! |
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Replying to: jb2inboca (Feb 19, 2008 3:56 pm) 24 month / 12k-mi residual is 67% and carries a buy rate mf of .00200. 36 month / 12k-mi residual is 57% and carries a buy rate mf of .00200. Rates good through Feb 29.
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Replying to: ocautoseeker (Feb 22, 2008 3:51 am) Thanks for the info ocautoseeker! |
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Hi , I hate to sound stupid but I must admit that I am. I cant figure out what a good lease is . I see " Residual" and "Buy Rate" , but I dont understand. I have a 745i sport that is coming off the lease in April. My dealer says that the new deal ends tomorrow. He says it's a special deal for 7 series owners. The car I picked cost $88945.00 on a 2 year lease ( I want 3 years but the deal is only 2years). He quoted me $830 a month with 7k down with 12k miles. He said he could get me 15k for the same price. I want the BEST deal !!! What should this car cost me? Also, I love my sport package but hate the seats. I am thinking of getting the air ride system that he says can adjust to the sport suspension? Do you have any recomendations? Thanks Rich
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Replying to: wease944 (Feb 28, 2008 8:26 pm) Buy rate is the base cost of the money from a lending institution. So, assume the buy rate money factor is .00200 (current buy rate mf for 24 & 36 mo terms) , which equates to 4.8% apr. If this were the buy rate (the lowest rate available), this is the rate you'd want the dealer to use to calculate your payments. Now, dealer's CAN mark this rate rate up to what they call a sell rate to make additional profit, but if you have decent credit and you're aware of the buy rate for the particualr model you're looking at, that's the rate you should get. Tomorrow is the end of the month, so the dealer could very well be pushing you to do something to hit his quota, but deals aren't going away on the 7series as it's up for a redesign and you're most-likely going to see incentives continue. I definitely DO NOT recommend you putting $7k into a lease.
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