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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

What is this discussion about? BMW 7 Series, Car Leasing, Sedan


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#155 of 169
Re: 750i May Rates [jackk1] by bigdaddybruin
May 10, 2008 (9:08 am)
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Replying to: jackk1 (May 09, 2008 9:21 pm)

Still offering $5000 from Factory
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
#156 of 169
Re: 750i May Rates [bigdaddybruin] by nlproductions
May 12, 2008 (10:26 am)
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Replying to: bigdaddybruin (May 10, 2008 9:08 am)

Big Daddy Bruin
 
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!
#157 of 169
Terms on 2008 750LI Lease by californiami
Jun 19, 2008 (3:00 pm)
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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.
#158 of 169
Re: Terms on 2008 750LI Lease [californiami] by fripullo
Jun 20, 2008 (3:52 pm)
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Replying to: californiami (Jun 19, 2008 3:00 pm)

You got a good deal.
 
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.
#159 of 169
Re: Terms on 2008 750LI Lease [californiami] by nayyer
Jun 24, 2008 (9:38 pm)
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Replying to: californiami (Jun 19, 2008 3:00 pm)

Californiami can you please tell where you picked up this car from, it seems i am getting ripped off. any help woulld be great.
#160 of 169
Re: Terms on 2008 750LI Lease [nayyer] by fripullo
Jun 25, 2008 (1:34 am)
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Replying to: nayyer (Jun 24, 2008 9:38 pm)

Sterling BMW in Newport. Stay away from Irvine and Crevier they are not good business people.
#161 of 169
Re: Terms on 2008 750LI Lease [nayyer] by californiami
Jun 25, 2008 (7:59 am)
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Replying to: nayyer (Jun 24, 2008 9:38 pm)

I got mine at Concord BMW in Concord, California. They are easy and motivated to move the 2008 7 Series cars currently on their lot (they won't offer this deal for cars they have to order or trade for). I tried to work with East Bay BMW in Pleasanton....but would say...stay away from them.
 
Just curious...you say you are getting "ripped off"....what type of deal are you getting and where are you getting it?
 
Good luck.
#162 of 169
Re: Terms on 2008 750LI Lease [californiami] by nayyer
Jun 25, 2008 (12:43 pm)
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Replying to: californiami (Jun 25, 2008 7:59 am)

well i just got back from a BMW dealership. Here is the price of the car 90,575, they wont tell me the seeling price basically its like 11k off he said. 24 month lease for $1299 a month with 2,900 down let me know what u think. also deal from last night was 83k car 9k off with 20k trade allowance i have no trade thou. 24 month lease 1392 with 2,800 down . i dont know first time leasing so i really dont know what to do. maybe when of you guys cal help me out. my email is Nayyertahoe-partners.com. please help. or call 708-955-9107
#163 of 169
Re: Terms on 2008 750LI Lease [nayyer] by gforce11
Jun 25, 2008 (4:18 pm)
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Replying to: nayyer (Jun 25, 2008 12:43 pm)

A dealer that won't give you a sale price isn't a dealer you should be working with.
Best thing to do is not play the monthly payment game.
Here are the June rates for most BMWs including the 7-series. Assuming you qualify for the lowest rates possible, you need to negotiate the lowest sale price possible, ask for the money factor and residual used in calculating your lease. Then plug that info into a lease formula/calculator. It may be to your best interest in doing a little research regarding leasing before you pull the trigger. It could save you thousands.
#164 of 169
Re: Terms on 2008 750LI Lease [gforce11] by californiami
Jun 26, 2008 (1:01 pm)
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Replying to: gforce11 (Jun 25, 2008 4:18 pm)

Agree with gforce11. Dealer has to share the capital cost (eg. selling price) with you. 11k off is not bad...but you are still leaving at least 2k on the table. Push for a low money rate (at least .0020)...anything higher, the dealer is making profit on the lease. Assume your residual is in the 66-67% range assuming a two year lease with like 12k annual mileage.
 
I always use the following site for calculating the lease payment.
 
http://www.leaseguide.com/calc.htm

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