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BMW 7 Series, Car Leasing, Sedan
#36 of 653 ADVICE ON 2007 750Li Lease
Sep 16, 2006 (10:44 am)
Will soon begin negotiating 2007 BMW 750Li lease here in
San Diego. Looking for rock-bottom gross cap and would like to shoot for 2% over invoice. Credit score 750, annual gross greater than $200K, currently leasing 2005 325i, will need at least 15K/year,and will put down deposit (2500-5000) as needed. Goal is to spend no more than $1,000 monthly. What are my chances and what else should I be doing to bring in the deal? Also, as a single person who rarely has passengers, would I do just as well with the 750i instead of the Li?
#37 of 653 Re: ADVICE ON 2007 750Li Lease [jbfitz]
Sep 17, 2006 (3:33 pm)
Hi jbfitz. While I certainly understand your desire to keep your car's monthly payment below $1,000 a month, even if it requires a down payment to do so it really is not in your best interest as a consumer to make capitalized cost reductions on leased vehicles. I say this because if your leased BMW is totaled in an accident or stolen and never recovered during your lease, your down payment essentially disappears. I would be happy to tell you exactly how much this car will cost you to lease right now if you provide me with the full MSRP and approximate selling price of the exact model that you want. You may be able to get an idea of what sort of selling price you will be able to negotiate by visiting the following discussion: "BMW 7-Series: Prices Paid & Buying Experience".
Prices Paid Forum
#38 of 653 Re: ADVICE ON 2007 750Li Lease [Car_man]
Sep 18, 2006 (4:42 am)
The MSRP (w/ options) on the 2006 750Li was $84,900 and I got the dealer to bring the purchase price down to $80,900. I offered to put $3,500 down, they gave me a .00255 buy lease rate (MF), residual of 58% and waived my security deposit (current lessee of a 325) and came up with a monthly payment of $1,269. I declined and told them I wanted something in the $1,100-$1,200 range. They said they couldn't do it and I walked. They called me the next day and asked if I would make a deal if they took $10 or $25 off of the monthly payment. I reiterated my desire to go no higher than $1,200 per month. I believe I can do better and that the dealership probably added on to the MF BMW is currently offering on the 2006 models. If they lower the MF, I think I may get what I want.
Thanks for your advice, Car_man!
#39 of 653 Re: ADVICE ON 2007 750Li Lease [jbfitz]
Oct 09, 2006 (3:51 am)
No problem, jbfitz. Thanks for the additional information. According to my calculations, if you were to lease a 2007 BMW 750Li with an MSRP of $84,900 and selling price of $80,900 through BMW Financial Services right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $1,140. It would take around a $4,500 capitalized cost reduction to get this car's pre-tax payment down to around $1,000 a month and that's before tax. As I mentioned in my previous post though, it's not a good idea to make large down payments on leased vehicles. I used a money factor of .00200 and a residual value of 58% to arrive at this payment.
Prices Paid Forum
#40 of 653 Re: BMW 7-Series: Lease Questions [Car_man]
Oct 12, 2006 (2:02 pm)
HELP - Advice needed??
Currently have 2005 745IL (but paying on 2003 745IL) $870 month 36 month lease,12,000 miles. -
In July, ordered 2007 750LI, MSRP $83,795.00, price would be $79,703.85, 36 month lease,10,000 miles and also giving $7700 refundable security deposit (supposedly to bring price down - have done this with past 3 cars) Will pay all NY taxes,fees and 1st month payment. They are quoting me a residual of .61 and rate of 1.76 bringing the payments to $1019. Price was to be determined, upon new car prices which were not available at the time.
But $150 is not exactly "a few bucks more" as they stated. I feel like I am getting the shaft. Please help have to let them tomorrow - Friday 10/13 - Is it work it ?
#41 of 653 please help????????? 2006 750li car lease
Oct 17, 2006 (10:18 pm)
im in the market for a 2006 or 2007 bmw750li monaco blue exterior/black & lava blue interior. premium sound,comfort access,satellite radio,luxury seats,convienance package,power rear shades,19"wheels w/ performance tires. msrp $84,390 dealer dropped down to $82,990. i have a 2001 bmw 740il w/ 97,000 miles to trade; dealer says he will give me $17,000 for it.????... so the deal is: if i lease the described 06 car, it will cost me $1145.71 money factor is .00255 i live in las vegas, nv. veh cost 82,990 / residual .61 / aquisition fee is 825.00 / acqusition upfront is checked no / trade is 17,000 / payoff is 9,000 (dealer is giving to me in a check). doc fee is 399.50 / 12,000 miles a year / tax rate is 7.75% / initial payment is 8,000.... 35 payments of $1145.71 which includes tax 8000 down payment on the deal, 9000 giving back to me. they get my car and clear title. what do u think. please help
#42 of 653 I need some opinions on this lease
Oct 19, 2006 (4:53 pm)
So here's the deal they are offering the MF seems a bit high as I see in the leasing forum the mf should be .00225. Anyways, comments welcome.
Purcase price 84556
Bank fee $825
Total CAP 81381
DMV fees 604
Total Drive off $1961.46
Payment incl CA sales tax is 1300
#44 of 653 Re: please help????????? 2006 750li car lease [007wannabe]
Oct 30, 2006 (2:40 am)
Hi 007wannabe. Let me begin by saying that you would be much better off not making any sort of down payment on your lease. Consumers can and should lease any vehicle that they want without making any capitalized cost reduction. There's nothing wrong with trading in your current car when leasing a new one, just have the dealer that you are working with cut you a check for the whole thing rather than using part of the proceeds from it as a down payment for your lease.
Another thing that I don't like about this deal is the money factor that you were quoted. It appears as though the dealer that you are working with is marking your car's money factor up to add additional hidden back-end profit to your deal. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 BMW 750Li is only .00200 with the payment of a security deposit at lease signing. Make sure that the dealer you are working with uses this factor to calculate your car's monthly payment.
The dealer that you are working with is also marking up the acquisition fee that you were quoted. BMW FS' base lease acquisition fee is only $625.
I am not that familiar with what the market is like for this car right now, but you may also want to stop by the following discussion to see how much other community members have paid for similar vehicles lately: "BMW 7-Series: Prices Paid & Buying Experience".
Prices Paid Forum
#45 of 653 Re: I need some opinions on this lease [gjd2]
Oct 30, 2006 (2:48 am)
Hi gjd2. If you are talking about a 2006 model, the money factor that you were quoted is indeed too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 750Li is only .00200 with the payment of a security deposit at lease signing. It appears as though the dealer that you are working with is trying to mark your car's money factor up to add additional hidden back-end profit to your deal. They are trying to mark your car's acquisition fee up as well. BMW FS' base acquisition fee is only $625.
The selling price that you were quoted for this car isn't very good either. You aren't being given any sort of discount on this car. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I am not all that familiar with what the market is like for the 7-Series right now, but this late in the model year I would suspect that you should be given some sort of discount on a leftover 2006 model. Try stopping by the following discussion to see if any other community members have purchased similar cars lately: "BMW 7-Series: Prices Paid & Buying Experience".
Prices Paid Forum