599 messages,
Last post on Apr 17, 2013 at 3:13 PM
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BMW 7 Series, Car Leasing, Sedan
#256 of 599 Re: 2008 BMW 750LI Lease... [MSUHOCKEY7]
by Car_man HOST
Jan 30, 2009 (4:24 am)
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
#257 of 599 Re: 2008 BMW 750LI Lease... [MSUHOCKEY7]
by Car_man HOST
Jan 30, 2009 (4:29 am)
Hi MSUHOCKEY7. Please see my previous post. Thanks and let us know if you have any other questions.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#258 of 599 bmw 750i 2009 leasing
by campion
Feb 02, 2009 (10:29 am)
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
#259 of 599 BMW 750Li lease
by Mongo716
Feb 12, 2009 (7:36 am)
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
#260 of 599 Re: bmw 750i 2009 leasing [campion]
by Car_man HOST
Feb 20, 2009 (5:16 am)
Hi campion. I have not seen BMW's lease program for the 2009 7-Series yet. I suspect that BMW will publish it the first week of March...if not sooner. Please feel free to check back with me and post a quick reminder and I will be happy to let you know if I have heard anything new.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#261 of 599 Re: BMW 750Li lease [Mongo716]
by Car_man HOST
Feb 20, 2009 (5:19 am)
Hi Mongo716. The money factor that you mentioned is right in line with BMW Financial Services' current buy rate for a lease of this car with a waived security deposit to a non-returning customer.
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
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Prices Paid: Buying & Leasing Experiences Forum
#263 of 599 2009 bmw 700series lease questions
by campion
Mar 10, 2009 (12:45 pm)
i have received a qoute for a 750i bmw 10,000k 36 months $1223.66 + tax inception fees of $.2619 includes 1st months payment,5%tax,bank fee,reg,docs and state ma.inspection i'd like some opinions. attn carman[ no options included]
#264 of 599 BMW 750 Li 2009, need advice
by hamin
Mar 11, 2009 (9:23 am)
Dear Car Man ;
I have had excellant experience of buying two cars after receiving input and guidance from you ......
I need to ask you about your thoughts on new 7 series 2009 .
I was interested for 535 i , but changed mind because model of 5 series is going to change soon and current model is on the market for 5 yrs + .... needless to say, I will be getting excellant deal on 5 series at present though......
Now I have decided to buy new 750 Li ...I want to keep the new one ~ 6 - years or so, especially, this is a new generation and model will not change for some years or to come ....
with current condition of economy and overall lower BMW sales, do you think I can get a good deal on this new one?? ....especially, if I am buying this......and not leasing.....
Do you think I can get it close to invoice?? any info on APR ????.....
help greatly needed and appreciated....
kindest regards
#265 of 599 Dear Car-man
by isha1
Mar 11, 2009 (7:37 pm)
Just wondering if you had the money factor and residual for the 2009 750LI, 36 month lease, 12k miles/yr? Thanks