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BMW 7 Series, Car Leasing, Sedan
#40 of 599 Re: BMW 7-Series: Lease Questions [Car_man]
Oct 12, 2006 (3:02 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 599 please help????????? 2006 750li car lease
Oct 17, 2006 (11:18 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 599 I need some opinions on this lease
Oct 19, 2006 (5:53 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 599 Re: please help????????? 2006 750li car lease [007wannabe]
by Car_man HOST
Oct 30, 2006 (3:40 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 599 Re: I need some opinions on this lease [gjd2]
by Car_man HOST
Oct 30, 2006 (3:48 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
Nov 11, 2006 (5:22 pm)
I am looking to lease a 2007 750 Li. Do you know the current money factor and residuals for November on a 36month 15K/yr lease? MSRP on the car is $91,000 and purchase price of $87,000. I was quoted a money factor of .0025 and residual of 58%... is this about right? Thanks
#47 of 599 Re: 2007 750Li [sjonas50]
by Car_man HOST
Nov 28, 2006 (3:36 am)
Here's the information that you're looking for, sjonas50. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW 750Li with 15,000 miles per year are .00200 and 58%, respectively with the payment of a security deposit at lease signing. With the deposit waived, the money factor would be .00015 higher. I believe that it is automatically waived at no charge for returning lessees. It appears as though the dealer that you are working with is marking your car's buy rate up to add additional hidden back-end profit to your deal.
Prices Paid Forum
#48 of 599 Feburary lease #'s
Feb 05, 2007 (9:26 am)
Hi Car_man and everyone online,
Its my turn again! I was able to use this great forum last time I leased (Aug of 05 for an M45). I am getting ready to place my order for a 750LI and was wondering if you had the #'s for the 24 month program.
Thanks in advance!!
#49 of 599 Leasing used 745/750
Feb 07, 2007 (8:27 pm)
I have a few questions:
1. Does BMW allow leasing used 745/750s?
2. Is it true that BMW extended original manufacturer's warranty on 2001-2003 (does anyone know exact years) cars due to quality problems?
3. Does BMW extend original manufacturer's warranty for the duration of a second lease?
4. How much can I expect to pay a month for 2003 745i that retails for about $48,000 on a 36 months 0 down lease?