Ask the Car People.SM


BMW 7-Series Lease Questions

599 messages,  Last post on Apr 17, 2013 at 3:13 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? BMW 7 Series, Car Leasing, Sedan

Messages Page 41 of 60

#400 of 599 Re: Bottomline on 750 lease [nik11] by Car_man HOST

Nov 01, 2010 (3:04 am)

Replying to: nik11 (Oct 21, 2010 8:32 am)
Hi nik11. Let's crunch some numbers and see what we come up with.
 
According to my calculations, if you were to lease a 2011 BMW 740i that has an MSRP of $72,800 and a selling price of $69,600 through BMW Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $1,052.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#401 of 599 Re: Bottomline on 750 lease [Car_man] by nik11

Nov 02, 2010 (6:22 am)

Replying to: Car_man (Nov 01, 2010 3:04 am)
Car_Man,
 
Thanks. No dealer Houston giving me buy rate even with near perfect credit score. Offering .00265, with multiple security deposits can get it down which i will do, maybe 4 deposits to around .00222.
 
Also in TX so tax on whole purchase price of car adds 120$ a month to payments as well. After all taxes included getting price $1210.
 
The money factor rate is getting me.
 
Is the deal worth it, do you think incentives may improve Nov/Dec?
 
Also do you think I should maybe negotiate on car on the lot trying to get to same net cap cost, because this month there is tax credit which will save me 4300$ or so and car with hiugher MSRP/residual will also help bring down payments.?
 
The monthly paymeny price not that big issue with me just want to know I am getting a good deal or not befor I pull the trigger, thanks.

#402 of 599 740i Lease -- MF and Residual Figures by zellamsee

Nov 04, 2010 (2:16 pm)

Car-Man,
 
Any chance you have the MF and residual for a 3 year lease of a 740i, 12k miles per year? I believe the figures for October were .00210 and 57%, but I am guessing that the numbers were recently updated (for November)? Also, it appears that there currently is a $2,500 cash back incentive. Do you think I could realistically negotiate the purchase price down to the invoice price, given this incentive -- that is, even if the dealer gives me the car at invoice, do they still end up with $2,500 profit with respect to the lease?
 
Thanks much.

#403 of 599 Re: Bottomline on 750 lease [nik11] by Car_man HOST

Nov 04, 2010 (6:44 pm)

Replying to: nik11 (Nov 02, 2010 6:22 am)
Hi nik11. To me, the ideal deal on this car would be the use of the buy the lease money factor and a selling price of around $1,000 over invoice. This may not be possible in your area. Have you tried shopping around? Shoot for a deal as close to this as possible.
 
OH by the way, BMW just introduced a $2,500 cash incentive on this car for the month of November. This cash should enable you to negotiate a much more attractive selling price than you were able to get last month.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#404 of 599 Re: 740i Lease -- MF and Residual Figures [zellamsee] by Car_man HOST

Nov 04, 2010 (6:43 pm)

Replying to: zellamsee (Nov 04, 2010 2:16 pm)
I certainly do, zellamsee. BMW Financial Services' November buy rate lease money factor and residual value for a 36 month lease of a 2011 740i with 12,000 miles per year are .00220 and 54%, respectively.
 
You're correct, BMW did just introduce a $2,500 holiday credit on this car. Make sure to take this cash into account during your negotiations. That means that the dealer would indeed make $2,500 on a car that it sold at dealer invoice.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#405 of 599 Re: Bottomline on 750 lease [Car_man] by nik11

Nov 05, 2010 (1:36 pm)

Replying to: Car_man (Nov 04, 2010 6:44 pm)
Car_man,
 
Thanks. I did just do the deal. I used extra $2500 incentive plus the $3200 of MRSP that I negotiated initially so got 2011 740i with only upgrade of 19 inch wheels radial spoke sapphire black for $67100. The lease is for 15K/36 month but residual dropped to 52% and MF for any dealer in Houston is .0025. I will buy this down for sure, of course they added 1200$ in fees (acquisition included and doc fee) and something called phantom footprints for 290$ that they say is required comes with all cars. Pre tax around $1090
 
In TExas so pay 4300$ taxes upfront rolled into car, hopefully when all said and done monthly payment including taxes wil be 1200$

#406 of 599 Re: Bottomline on 750 lease [nik11] by Car_man HOST

Nov 07, 2010 (5:22 pm)

Replying to: nik11 (Nov 05, 2010 1:36 pm)
You're very welcome, nik11. Texas taxes are wild. I've never heard of phantom footprints before. Did the dealer explain what it is? Window etching?
 
Anyhow, congratulations and enjoy your awesome new ride!
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#407 of 599 I'm back Car man by jimmy24

Nov 15, 2010 (5:43 pm)

Replying to: Car_man (Oct 18, 2010 3:55 am)
I just got back from the dealership. 2011 750i. msrp 94775 reduced 6500 to 88275.
 
2500 down.
 
54% residual on 36month/36 mile lease
.00260 factor.
 
w/ tax (7%) monthly payment is about $1540/month.
 
is this a good price or do I need to shop around? I bought my last car so not in a big hurry. is there a "best time" of the year to lease a bmw.
 
thanks for all your help.
 
Jimmy

#408 of 599 Re: I'm back Car man [jimmy24] by benz2779

Nov 16, 2010 (9:15 am)

Replying to: jimmy24 (Nov 15, 2010 5:43 pm)
When you say $2,500 down... does that mean as a down payment plus inception fees or total out of pocket?? I come up with a .00210 money factor and you should be capping the car at about $83,641.00. Brings the payment to $1,274.07 with an out of pocket of $2,384.38 plus plates. Thats a 36 month term with 12,000 miles per year. What state are you registering the car in?

#409 of 599 Re: I'm back Car man [benz2779] by jimmy24

Nov 17, 2010 (11:47 pm)

Replying to: benz2779 (Nov 16, 2010 9:15 am)
Thanks for the reply. it is the 750iL. I put 750i before.
 
I understood it to be a downpayment. i'd still have to pay the first month's lease payment. I'm in Georgia and the tax for the county is 7%.
 
As an aside, I was shopping the deal and another salesman said just tell me what options you want so told him I really only want the luxury front seats, rear camera and bigger rims. Told me car would "have to be made" and would be just under 92k and that a 36 month lease w/ 12k/year is $1352 (includes 7% tax). He was giving the $2500 rebate and another 6k off that so i guess around an $84k car. (I didnt assk for residual, money factor etc so cant give to you.) Sounded like a good deal but won't do anything w/o your blessing.
 
Here's another question. If i go w/ the above, he says he has to order and it will take 6-8 weeks to get here. It doesn't seem to be an unusual package. Is that normal? is he telling me that b/c none on the lot and he doesn't want to pay to ship one from out of state? could i offer to pay that costs and if so, what would it run?
 
sorry for all the questions, but youre an awesome source to make sure i don't screw this up.
 
Jimmy

Messages Page 41 of 60

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement