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Prices Paid: Buying & Leasing Experiences BMW 7-Series Lease Questions
167 messages, Last post on Jun 30, 2008 at 12:31 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: nlproductions (May 06, 2008 6:51 pm) Please post your deal if you make one. I am also looking to lease one before the June 1 price increase. Good luck.
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Replying to: jackk1 (May 09, 2008 9:21 pm) 3 Year 15k lease on 750i -Lowered Residual from 55% to 54% -If you are current BMW FS customer you are eligible for .0010 money factor. In the past you needed to be previous 7 series inorder to get .0010 for a new 7 series. Now you qualify for 7 series at .0010 even if you were a 5 series owner. Just got mine
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Replying to: bigdaddybruin (May 10, 2008 9:08 am) Would you consider posting your details - MSRP, options and your cap cost? Also what dealership you delt with, it would be a great help to me! |
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I'd appreciate some feedback on whether I got a good deal or not. 2008 750LI Sport. Luxury Seating, Rear Entertainment, Comfort, Convienence, Premium Sound. HD Radio, Satellite Radio. MSRP: 91,820. Cap Cost: 77,990. Paid 7x security deposit to buy down money factor to .00155. 2 year lease. Monthly payment: 1083 with no up front capital reduction. |
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Replying to: californiami (Jun 19, 2008 3:00 pm) My cap cost was $78.5K, $1.7K down with the same specs as yours except for HD radio and Satellite. My payments are $1,143 with tax. I went with a 3yr lease.
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