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Prices Paid: Buying & Leasing Experiences BMW 7-Series Lease Questions
346 messages, Last post on Dec 03, 2009 at 10:12 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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 |
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Replying to: MSUHOCKEY7 (Jan 19, 2009 5:44 pm) |
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Replying to: MSUHOCKEY7 (Jan 19, 2009 5:44 pm) 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
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Replying to: eric312 (Jan 12, 2009 9:21 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: MSUHOCKEY7 (Jan 19, 2009 5:44 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: MSUHOCKEY7 (Jan 22, 2009 3:21 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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i am enterested in leasing a 759i bmw 2009 i see the list prices have come out the car i will be ordering has no options a 3yr lease and 10 miles per year once the other lease factors come out what payment figure should i go for in mass. or florida also any news when they would available
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Car Man, I'm interested to know if this is a reasonable offer. I'm not current on BMW's rates and everything. Below is an offer they made me for leasing a new 2008 750Li model. I had taxes and everything rolled in. The due at start is first month payment and registration (I'm using plates from my old car on the new one so that saved a little). MSRP: $85725 Your Cost: $67540 Miles: 12,000 per year Residual: $44577 (52%) Rate: .00170% Payment: $942.80 Due at Start: $1160.30 Is this a good deal or should I go back and and push for a better rate and or price? Thanks
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Replying to: campion (Feb 02, 2009 9:29 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Mongo716 (Feb 12, 2009 6:36 am) The selling price that you mentioned looks good to me. It takes the $10,000 final payment that dealers were provided on '08 7-Series models and a sizable dealer discount into account. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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