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BMW 7-Series Lease Questions
184 messages, Last post on Jul 23, 2008 at 9:33 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: kyfdx (Feb 29, 2008 4:57 am)
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Replying to: jim53 (Feb 29, 2008 5:17 am) |
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| So what should the lease price be on a car that has a msrp of $88945.00 on a 2 year lease . Edmunds tmv says $82500.00.. | |
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Replying to: ocautoseeker (Feb 22, 2008 3:51 am)
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Replying to: jb2inboca (Mar 03, 2008 9:20 am) I bought it at Prestige Bmw in NJ. |
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A friend of mine picked up a 750i with MSRP of around 81000 with zero down for 880 per month + tax (24 months lease). That $5000 dealer cash incentive really helps... |
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I am seeing some great lease rates being advertised on the 750 series with no mention of it being offered only to prior 750 leasees....basically an msrp of $81k+ with $1500 down would be $898 per month. Has anyone seen this for us newbies to the 750 series?
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Replying to: rjgill55 (Mar 16, 2008 1:59 pm) You should be able to get under $898 on 750 with zero down for 81k-MSRP. This assumes a .002 Money Factor. Remember that you can lower it further with adding Multiple Security Deposits to your lease.... I would Say on 81k MSRP you should try to negotiate a Cap Cost of around 70k-71k. |
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I have read that the current base money factor is .0020. I have also read that the money factor can be reduced with a security deposit. Can a $1000.00 security deposit enabl eme to get a mmoney factor below .0020, if so what will that money factor be. I am evaluating the following terms posted on the BMW website. Cap Cost $85,270.00 Payment $3,500.00 Secury Deposit (1000.00) Net Cap Cost $81,770.00 Residual 58% $49,456.60 Money Factor ? Term 36 Payment $999.00
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Replying to: broham1 (Mar 18, 2008 6:48 pm) Each extra security deposit reduces the Money Factor by .00007. And you can do around 7 of these. So you can reduce the money factor from .002 to about .0015 Also ask about single payment lease that reduces the money factor significantly Also don't forget that the Acquisition fee BMW charges is $625, but the dealership will try to charge you $825, so that is negotiable. MACO is a vaild charge and should be $250, Training can be around $180. So I would call these fees reasonable. As the dealership does pay them (not on European delivery) |
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