Last post on Jun 14, 2013 at 9:12 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 7 Series, Car Leasing, Sedan
#161 of 607 Re: Terms on 2008 750LI Lease [nayyer]
Jun 25, 2008 (7:59 am)
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?
#162 of 607 Re: Terms on 2008 750LI Lease [californiami]
Jun 25, 2008 (12:43 pm)
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 607 Re: Terms on 2008 750LI Lease [nayyer]
Jun 25, 2008 (4:18 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 607 Re: Terms on 2008 750LI Lease [gforce11]
Jun 26, 2008 (1:01 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.
#165 of 607 Re: Terms on 2008 750LI Lease [fripullo]
Jun 30, 2008 (12:49 am)
Could you all please tell me if I got a good deal on this - just got the car today:
MSRP: $88,620.00 COST: $78,626 (includes $825 acquisition fee and license fee - so just the car sales price was $77,773)
Lease: 24 months/12k miles per year, Payment including tax is $1206.95
I paid $1850 down which included the first month payment and license fees.
Money Factor: .00205
Convenience Package, Luxury Seating Package, Premium Sound Package, Comfort Access, Sirius Radio
#166 of 607 Re: Terms on 2008 750LI Lease [ruzz]
Jun 30, 2008 (9:23 am)
IMO...you got a pretty good deal. Just off the numbers you gave...seems like you got them to sell it to you at invoice...and give you a good majority of the $5k dealer incentive....didn't spec it exactly...but assume they kept maybe $1k...maybe a bit less.
In terms of the rest...the only thing that it seems like they nickeled you on was adding $200 profit to acquistion fee and the .00005 to your money rate (I believe their buy rate was .0020). so...it was like they added 12 tenths of a percent to your interest....
You might of considered increasing your security deposit to buy down the money rate a bit more...but again...given its only 2 years...you probably only would have reduced your monthly another 70ish bucks or so.
But all things considered....I think you got a good deal (especially if you got the exact car you wanted!)....
#167 of 607 Re: Terms on 2008 750LI Lease [ruzz]
Jun 30, 2008 (12:31 pm)
Not the best...see previous post.
The 3 yr lease is a better option and the MF is high.
I put $1.7k down with a MF of .00200 on a 3yr w/ 12k miles and the same options for a payment of $1,116.00
Jul 06, 2008 (2:20 pm)
36 month lease $798/month
Returning BMW customer, given lower finance rate
out of pocket $3800 includes taxes of approx $1800, first month, bank fee, etc
Does this seem like a good deal?
#169 of 607 Re: Lease on 750i [hellohitsme]
Jul 06, 2008 (7:06 pm)
I'm assuming you mean Cap Cost and not MSRP which is circa $89K
So far sounds good. I personally would put less down and have a higher monthly payment. What's you MF?
#170 of 607 Re: Lease on 750i [fripullo]
Jul 07, 2008 (3:26 am)
I meant MSRP - this is the 750i, not the iL.
I have 2 quotes so far, one is MF .00180 and monthly payment of $895 without tax, and $969 with tax.(would only offer 2year lease)
The other quote is $798,(3 years) $814 (2 years) I assume the MF is the same, as I'm turning in a BMW & they're both offering reduced MF. I'm waiting for the details from dealer on cap cost.
I appreciate feedback, as I have to make a decision quickly.