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BMW 7-Series Lease Questions

599 messages,  Last post on Apr 17, 2013 at 3:13 PM

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

Messages Page 23 of 60

#221 of 599 2008 Li Lease Question and $7500 Incentive by del735

Oct 21, 2008 (5:34 am)

Car Man,
I have a two part question for you. First part is the $7500 dealer allowance that BMW is offering. Is this only applicable if the car is being purchased and not leased or is it valid on leasing as well?
 
Second question, based on the following figures can you tell me what you feel my total lease payment should be based on BMW's current MF and residual. The dealer and I don't seem to coming up with the same amounts. (I am a current BMW leasee)
MSRP $89,270
Cap cost $79270
36 month, 12K
Sales Tax 6%
No money down except first payment, acq. fee, and tags
 
Thanks for your help!!

#222 of 599 Re: 2008 Li Lease Question and $7500 Incentive [del735] by shawn757

Oct 21, 2008 (2:42 pm)

Replying to: del735 (Oct 21, 2008 5:34 am)
They are only giving you $10000? I am being quoted $15000 off MSRP. Since you are a current customer you should be able to get the buyrate mf WITHOUT security deposit.

#223 of 599 Re: 2008 Li Lease Question and $7500 Incentive [shawn757] by del735

Oct 21, 2008 (4:05 pm)

Replying to: shawn757 (Oct 21, 2008 2:42 pm)
Shawn,
The dealership manager told me he's losing money if the car goes below 12,000 off. That's where he's at now with a total payment of $1100 for a 36 month lease.
 
How did you get $15K off and what are being quoted for a lease payment?

#224 of 599 Re: 2008 Li Lease Question and $7500 Incentive [del735] by shawn757

Oct 21, 2008 (4:27 pm)

Replying to: del735 (Oct 21, 2008 4:05 pm)
There is like $6500 between the invoice and MSRP + $7500 incetive. They also have backend money I was told. But I don't know how much exactly. Your sales manager is not being straight forward with you saying he is losing money. Car that I am looking at is just above $90000 and they are willing to give off $15000 off MSRP. The payment would be just over $1000 like $1031 and some cents including tax. But they want a security deposit to get down the money factor to .00110. This is for 15K miles with minimum drive off $2200 + the security deposit.

#225 of 599 Re: Should I Lease 08 750lI [shawn757] by Car_man HOST

Oct 21, 2008 (6:04 pm)

Replying to: shawn757 (Oct 16, 2008 4:10 pm)
No problem shawn757. BMW Financial Services recently raised its base acquisition fee from $625 to $725.
 
Car_man
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#226 of 599 Re: 2008 Li Lease Question and $7500 Incentive [del735] by Car_man HOST

Oct 21, 2008 (6:18 pm)

Replying to: del735 (Oct 21, 2008 5:34 am)
Hi del735. The $7,500 dealer cash that BMW is providing on the 2008 7-Series is not compatible with its special lease program.
 
Let's work up a sample lease payment for you and see what we come up with. According to my calculations, if you were to lease a 2008 BMW 750Li that has an MSRP $89,270 and a capitalized cost of $79,270 through BMW Financial Services right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $1,051.
 
Car_man
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#227 of 599 Re: 2008 Li Lease Question and $7500 Incentive [Car_man] by shawn757

Oct 31, 2008 (2:35 pm)

Replying to: Car_man (Oct 21, 2008 6:18 pm)
Hey Car man,
  I want to know one more thing before I buy, how much does BMW charge for additional miles upfront? Is it 0.15 cents a mile? If so is it possible for me to do a 10000 miles a year and buy whatever miles I want upfront? Doing the math it seems like there is a savings if I do that rather than paying 4% for the residual. Let me know soon
Thanks

#228 of 599 Re: 2008 Li Lease Question and $7500 Incentive [shawn757] by eric312

Nov 02, 2008 (8:41 pm)

Replying to: shawn757 (Oct 31, 2008 2:35 pm)
Do you know if BMW allows 39 months lease on 750i or only 36 months?
What is the money factor and residual for 750i for November?
Thank you.

#229 of 599 Re: 2008 Li Lease Question and $7500 Incentive [shawn757] by Car_man HOST

Nov 03, 2008 (5:24 am)

Replying to: shawn757 (Oct 31, 2008 2:35 pm)
Hi shawn757. I am not sure how much BMW FS charges for additional miles purchased at lease signing. It probably has an excess mileage penalty of $0.25/mile at lease end, so your guess of $0.15 to $0.20 is probably right. A dealer should be able to tell you for certain. I doubt that dealers can mark up pre-paid miles.
 
Most banks do not allow the purchase of additional miles on low mileage leases, i.e. those with 10,000 or 12,000 miles per year, only on 15,000 mile leases.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#230 of 599 Re: 2008 Li Lease Question and $7500 Incentive [eric312] by Car_man HOST

Nov 03, 2008 (5:25 am)

Replying to: eric312 (Nov 02, 2008 8:41 pm)
Hi eric312. I don't believe that BMW was allowing 39 month leases of any models in October. I have not seen BMW's new November lease program yet, but I suspect that I will either today or tomorrow. If you still need the new program info then, post a quick reminder for me in this discussion and I will let you know what I have been able to find out.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 23 of 60

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