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Prices Paid: Buying & Leasing Experiences BMW 7-Series Lease Questions
169 messages, Last post on Jul 06, 2008 at 7:06 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: jabes30 (Apr 08, 2008 12:55 pm) |
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Hello Folks! -- A question for Mr. Car_Man; Am looking at doing a 24 month lease on an 08 750Li -- would appreciate your review to see if I'm getting a good deal - or where there's room to negotiate further with the dealer here in Florida... 2008 750Li Black/Black Leather/Dark Wood Convenience Package, Luxury Seating Package, Premium Sound Package, Sport Package, Comfort Access, HD Radio, Sirius Radio $89,620 MSRP $79,200 Selling Price Lease 24mo. x $1416  12,000 miles per year 1st payment only due at signing 67% residual (68% for 10,000 miles per year) .00215 buy-rate with no security deposit .00255 money factor on lease Is this a good deal? Also working on the acquisition fee - getting it down to $625. Thanks -- Mike
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Replying to: zornesp (Apr 08, 2008 7:10 pm) Not a good deal at all. Cap cost is good but Money factor is not. Even with the higher .00255 Money factor your payment before taxes should only be $1,153. with the correct money factor of .00200 it should be $1076. A bit higher then that if you do not pay security deposit. So the dealer is taking you for a expensive ride... Not sure what you mean by "buy rate"... Anyhow good luck...
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Replying to: iggso (Apr 09, 2008 4:34 pm)
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Replying to: zornesp (Apr 09, 2008 10:29 pm)
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Replying to: iggso (Apr 11, 2008 6:27 pm)  ( states that requires you to pay taxes on the FULL cap purchase price (we're down to $77K on the $89K MSRP) -- we've got ~6300 in taxes to pay over the 2 years added to our monthly lease (or write a $6200 check up front and pay the taxes separately). We got the MF down to .00215, acq fee to $625, and selling price to $77,290 - our monthly payments (before taxes) are $1039, Heck of a good deal. Working on figuring out a way to potentially initially register the vehicle in Florida while doing the finance deal (i.e. finally get around to getting a Florida license - they allow "part time" licenses and allow you to keep your state license. Register the car in Florida (Miami - Dade county is the deal place) - have the tags sent to us in Texas; and re-register the car in Texas later this year. As we have a condo in Miami - I already consider myself a "part-time" resident - we spend 3-4 months a year there; just never thought about getting a FL Drivers License. Anyone ever done this before? Will be a big savings on the monthly payment -- our monthly taxes will be arounmd $65 a month (total payment 1103) vs $262 for Texas Taxes (the 6300 / 24 months), or a payment of 1301. Nearly $200 month savings over 24 months, $4800 (or in my mind, close enough to call it $5K). Appreciate feedback/thoughts
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Replying to: zornesp (Apr 11, 2008 10:09 pm) My guess is that it won't be any different from a Florida resident moving to Texas with a leased car.. If they are only paying tax on the payment in Florida, they'll have to pay Texas taxes on the value of the car, once they move. It's not the same as owning a car that you've already paid the full tax on.. So... if you can lease the car as a Florida resident, more power to you... but, I think you'll have to keep the Florida registration for the entire term of the lease to realize any savings. regards, kyfdx |
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Two questions. I am looking at a 2008 750li with a MSRP of 91,975. Is there still an incentive for this vehicle, similar to the $5000 that was due to expire on April 30? With a cap cost of $80k what would the 24 month 15k mi. payment be using the May rates? Thanks.
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Replying to: jackk1 (May 04, 2008 4:40 pm) Cap cost of 80k is pretty good on your build, and that does mean you are getting the 5k. rebate included. I hope that is with zero down! Based on April rates (again extended through 5/5) your monthly payment should be (before taxes) $1121.91 If you add 7 refundable security deposits your payment will be $1053.41 Also just for example if you do 12k instead of 15k lease you will lower your payment to $1048.94 ($979.45 with 7 MSD) Good luck... |
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Car Man: 1. Has the 5K incentive been extended through May? 2. If not, was is the current promotion? 3. What are the May residual & money factors for the 750i on a 24 month / 15K lease? Thanks so much for all your help! Every two years I look forward to your expertise.
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