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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 26 of 61

#247 of 599 Re: 2008 750LI [hawaiian2] by Car_man HOST

Dec 03, 2008 (5:46 am)

Replying to: hawaiian2 (Dec 02, 2008 10:28 pm)
Aloha hawaiian2. I need to start things off by saying that I'm jealous. It's 40 degrees outside my window right now. Wow, $13,000 is quite a discount for a Hawaiian dealer. I've always heard that there is so little competition there that dealers aren't usually willing to provide much in the way of discounts. Still, this offer is way above dealer invoice. There is probably around a $7,000 spread between this car's MSRP and dealer invoice price. Add to this the $10,000 incentive that BMW paid its dealers on any '08 7-Series units that they had in inventory and there's a total of $17,000 or so to play with in negotiations. That probably puts the offer that you were quoted at around $4,000 over invoice. If you were in the continental U.S., I would say that there is still room to negotiate, but you're in Hawaii. As I mentioned earlier, this hampers your ability to negotiate somewhat. Of course, that's a small price to pay for living in paradise . There's some room there, so give negotiation a shot, but don't be surprised if this is as good as it gets.
 
Ideally, you would wait until the scheduled end of your current lease to get a new vehicle so that you don't have to waste the remaining payments on your S.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#249 of 599 BMW by hawaiian2

Dec 08, 2008 (12:21 am)

Aloha Car_man!
 
Just wanted to say thank you for your email. I did wait and play the poker game with them and got what i wanted. I got deal down to $1995.00 and three years lease at $995.00 Tx included fully loaded 750LI Black on Black.

#250 of 599 Re: BMW [hawaiian2] by Car_man HOST

Dec 17, 2008 (7:24 pm)

Replying to: hawaiian2 (Dec 08, 2008 12:21 am)
That's great hawaiian2. Thanks for taking the time to report back and let us all know how everything turned out. Don't forget to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience if you haven't already. Enjoy your sweet new ride .
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#251 of 599 by eric312

Jan 12, 2009 (10:21 pm)

Car man,
 
Is it still possible to lease 2008 750? If yes, what are the current deals?
 
Thank you

#252 of 599 2008 BMW 750LI Lease... by MSUHOCKEY7

Jan 19, 2009 (6:44 pm)

Mr. Car Man,
 
I am in the market for a car and have been looking around at various cars. One of the local BMW dealerships sent out a 2008 Blowout email with different cars. One of them was the 2008 BMW 750LI. I am curious to see if this is a good deal? They want $5995 down, 36 months, 10k miles plus inception fees.$599.00 a month I asked them for an itemization of these fees and this is what they came back with. It seems like it is excessive but want to see what are legit charges and what are JOKES.. I very interested in getting the most bang for my buck but want to get some confirmations on this. It is a new car with only 25 miles on it.
  
$10,816.40= TOTAL FEES....
 
$5,995.00 Cash Money Down
$599.00 First Payment
$600.00 Refundable Security Deposit
$2003.33 NJ Taxes (Other States may vary)
$875.00 Bank Fee
$185.00 Doc Fee
$268.77 NJ Supplemental Taxes
$7.50 Tire Fee
$282.80 DMV Charges
 
Specs of the car are as follows:
 
Model
 0879 750Li
 USD 79,900.00
 Color
 354 Titanium Silver Metallic
 N/C
Upholstery
 U6SW Black Nasca Leather
 N/C
 Options
 ZLS Luxury Seating Package
 2,200.00
 248 Heated steering wheel
 N/C
 415 Power rear sunshade
 N/C
 416 Power rear sunshade and rear side-windows s...
 N/C
  451 Active seat for driver
 N/C
 453 Ventilated front seats
 N/C
   464 Ski bag
 N/C
  496 Heated rear seats
 N/C
 ZPS Premium Sound Package
 1,800.00
  
 672 6-disc CD changer
 N/C
  677 Logic7 sound system with Surround Sound and...
 N/C
 R6 19" Light-alloy wheels Star Spoke (style231) wi...
 1,300.00
  
 438 Dark Ash wood trim
 N/C
  Net Total
 85,200.00
Destination Charge
 825.00
 Total Suggested Price
 86,025.00
   
Thanks, any help is appreciated..
 
I eagerly wait your reply.
 
MM

#253 of 599 Re: 2008 BMW 750LI Lease... [MSUHOCKEY7] by cctdi

Jan 20, 2009 (5:00 pm)

Replying to: MSUHOCKEY7 (Jan 19, 2009 6:44 pm)
I got my 750Li from DeSimone BMW of Mt. Laurel here in South Jersey not too long ago with 16k off the 89k MSRP; this dealer had sold me 3 Bimmers so far, including a 08 535xi in late Spring. Now, it is the best time to negotiate the even lower price, all 7er has to go to give the room for 09 7er; then again, there are not that many 08 7ers left, to my knowledge, only a few left in a few dealerships. The 08 7er is a wonderful car indeed, if you want to get a premium luxurious car to keep, this is it.

#254 of 599 Re: 2008 BMW 750LI Lease... [MSUHOCKEY7] by MSUHOCKEY7

Jan 22, 2009 (4:21 pm)

Replying to: MSUHOCKEY7 (Jan 19, 2009 6:44 pm)
Mr. Car Man or Mr. kyfdx,
 
I have been checking back on the board daily to see if either of you would offer up some feedback. Can either of you post something one way or the other. Or if you dont know just let me know. I thank you very much.
 
MM

#255 of 599 Re: [eric312] by Car_man HOST

Jan 30, 2009 (4:08 am)

Replying to: eric312 (Jan 12, 2009 10:21 pm)
Hi eric312. Technically it is still possible to lease an '08 750i if you can find one. BMW paid dealers ten grand apiece to report them as sold back at thee end of October.
 
BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 750i with 15,000 miles per year are .00155 and 50%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#256 of 599 Re: 2008 BMW 750LI Lease... [MSUHOCKEY7] by Car_man HOST

Jan 30, 2009 (4:24 am)

Replying to: MSUHOCKEY7 (Jan 19, 2009 6:44 pm)
Hi MSUHOCKEY7. Let me begin by saying that $6,000 is way too much money to put down on a lease. I always advise consumers not to make any sort of capitalized cost reduction when leasing. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, you would be much better off going with a zero down lease.
 
You should roll the sales tax into your car's payment as well for the same reason that I laid out above. New Jersey allows lessees to do so.
 
Something else that I notices about this deal is that the dealer is attempting to mark up BMW Financial Services' acquisition fee. BMW FS charges a base acquisition fee of $725 on every vehicle that it leases. This dealer is trying to slip a little extra profit into your deal by marking this fee up $150. If I was leasing from this dealer, I personally would insist that they drop the markup.
 
You posted a lot of information, but you left out the two most important numbers...this car's selling price and money factor. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, you don't know how much of a dealer discount you are being given. Let us know what it is and I am sure that either myself or another knowledgeable community member will gladly give you their opinion on it.
 
BMW Financial Services' current buy rate lease money factor for the 2008 750Li is .00155. If the dealer is charging you any more than this, they are marking up your car's factor to add additional hidden profit to your deal. BMW dealers are notorious for doing this. Make sure to insist that they use the buy rate.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 26 of 61

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