Last post on Nov 29, 2013 at 9:22 AM
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BMW 7 Series, Car Leasing, Sedan
#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
Nov 11, 2006 (4:22 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 653 Re: 2007 750Li [sjonas50]
Nov 28, 2006 (2:36 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 653 Feburary lease #'s
Feb 05, 2007 (8:26 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 653 Leasing used 745/750
Feb 07, 2007 (7:27 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?
#50 of 653 Re: Leasing used 745/750 [eric312]
Feb 07, 2007 (9:03 pm)
1. You can lease a CPO 745/750 thru BMWFS.
2. BMW extended the NEW car warranty an additional 2yrs or 50k miles from the in service date for model years 02 and 03. Not so sure abt the 01s.
3. I dont think so - but if the vehicle has a CPO stamp, it automatically qualifies for a CPO extended warranty. The CPO warranty is not as solid as the NEW car warranty, but its still better than nothing
4. I have no clue - sorry. If you're looking at an 03, look for one that has a prod date of 7/03 or later.
#51 of 653 Advice for Lease on 2007 BMW 750Li
Feb 13, 2007 (10:16 am)
I am currently negotiating with a couple different Houston Tx dealerships on a 36mo, 15000mi/yr lease. MSRP w/options on the car is $86,690, but I worked the dealer down to $84,500+TTL. They are offering a residual of 58% and a MF of .0024. We pay 6.25% sales tax. The dealer wants first months payment of $1,458.30 + 182.50 (license/title fees) as down payment. Is this a good deal? Please help!
#52 of 653 Re: Advice for Lease on 2007 BMW 750Li [mdp61]
Feb 13, 2007 (9:28 pm)
Another Houston Leasing company you may try is Interstate Auto Leasing. Hope this helps. Good Luck!!
#53 of 653 Re: Advice for Lease on 2007 BMW 750Li [mdp61]
Feb 14, 2007 (3:10 pm)
I used an online lease calculator and came up with a monthly payment of $1,326.94 with the numbers you provided. I used an acquisition fee of $625 but the dealer can charge up to $825 (I think).
FWIW, you can put multiple security deposits to lower the money factor. I think you can put down a max of 7 security deposits. In most cases, this shaves off abt $40 from the monthly payment.