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BMW 7-Series Lease Questions

607 messages,  Last post on Jun 14, 2013 at 9:12 PM

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

Messages Page 45 of 62

#436 of 607 Re: 740 Li Lease ? [Car_man] by asun911

Mar 22, 2011 (5:56 pm)

Replying to: Car_man (Mar 22, 2011 5:03 pm)
Car Man,
 
Thanks for the feedback. They would not negotiate above what I mentioned. I will be going to another dealer on Thursday to try to negotiate this deal with a 2011 750LI. Can you tell me if this is too aggresive to ask or is this what the market is bearing today because these are 2011 close out late models and the dealers want to move them along to make room for the 2012's in a few months.
 
2011 750LI, M Sport, camera, Lux Seat, Premium Sound, Heads Up, Smart Phone, Ceramic controls. MSRP $100,915. This includes $3460 Option credit. Invoice is $92,555. BMW FS is offering $2000 Build out cash incentive till 3/31 and there is also Manufacturer to Dealer Marketing Support for $2000 also. Taking these into account, I thought to offer them $91,000 for the car. Is this too aggressive or should I offer lower considering both cash incentives?
 
On my trade, I know you recommended to have them cut me a check for the equity and that is the smart thing to do, however if I do want to bring my monthly payment down, I can apply that equity to bring down my net cap cost? I know if I get in an accident, I lose that equity and any cash down payment 100%.
 
I was looking at Leasecompare.com buy rates for March 2011 for a 2011 750LI, and I got .00160? I'll take .00155 if this is actual that I can negotiate with the dealer. I wanted to ask if you thought it was a good idea to take advantage of the MSD program by putting 7 additional security deposits down to bring down the MF by .00049? I know it is cash up front, but the savings would be around $2300 for the term of the lease and you get the $ back at end of lease less charges for wear tear etc.
 
Also is it required that the consumer pay doc, disposition, and/or termination fees?
 
Lastly, What is Due at Signing?
 
Residual is 55% for 10K/year. Non negotiable, correct?
 
Here in TX, we have to pay 100% of sales tax of the total value of vehicle. Is there any way out of this? Can this be negotiated with the dealer?
 
Sorry for all the questions. Just want to get solid advise and I will be pullling the trigger soon and getting in a lease of a 2011 750LI or 740LI.
 
Thanks again Car Man.
 
A Sun911

#437 of 607 March Incentives by broham1

Mar 29, 2011 (5:50 pm)

Carman: What are the current incentives on the 2011 740. I have read in previous posts there are options credits, build out cash ($2000) and marketing support. Can you please clarify how much in incentives is available in March and depnding on when you respond in April? As always thanks for your help and reply!

#438 of 607 740LI April Rates by gvitalik1

Apr 04, 2011 (10:42 am)

Hi Carman,
 
I'm looking to lease 740IL. What are the April's lease rates and special programs available on this model.
 
Many Thanks

#439 of 607 Re: 740 Li Lease ? [asun911] by Car_man HOST

Apr 05, 2011 (4:35 pm)

Replying to: asun911 (Mar 22, 2011 5:56 pm)
Hi asun911. I believe that you are double counting the buildout cash and the dealer cash. They are the same thing. If I was in the market for this car right now, I personally would shoot for $1,000 over invoice minus the $2,000 dealer cash minus the option credit and see what happens.
 
If you really want to yes you can use any equity that you have in your trade as a capitalized cost reduction for your lease. If you really want to lower your car's monthly payment you would be better off using this cash to make multiple security deposits than as a cap cost reduction.
 
BMW Financial Services charges a $725 acquisition fee at lease signing and a $350 disposition fee at lease-end. The doc fee is between you and the dealer.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#440 of 607 Re: March Incentives [broham1] by Car_man HOST

Apr 05, 2011 (4:38 pm)

Replying to: broham1 (Mar 29, 2011 5:50 pm)
Hi broham1. BMW Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 2011 740i with 15,000 miles per year are .00165 and 52%, respectively for consumers who qualify for its top credit tiers.
 
This money factor is reduced by .00030 for loyal customers.
 
There is currently $2,000 in dealer cash plus option credits on the 7-Series. How much in option credits your car is eligible for depends upon how it is equipped.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#441 of 607 Re: 740LI April Rates [gvitalik1] by Car_man HOST

Apr 05, 2011 (4:40 pm)

Replying to: gvitalik1 (Apr 04, 2011 10:42 am)
Hi gvitalik1. BMW Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 2011 740Li with 15,000 miles per year are .00160 and 52%, respectively.
 
This money factor is reduced by .00030 for loyal customers.
 
When negotiating your deal, don't forget about the $2,000 dealer cash and option credits that are available on the 7 right now.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#442 of 607 Good deal on 740i lease? by qafas

Apr 05, 2011 (8:37 pm)

Hello Car man,
 
Please comment on whether this seems like a good deal or not:
 
2011 740i (sales demo, but less than 20 miles on it)
MSRP $84475
Cap cost $73450
0 down
2200 due at signing, including first month's payment, acquisition fee, and license fee.
36 months, 12K miles/year
 
What do you think?

#443 of 607 Re: Good deal on 740i lease? [qafas] by Car_man HOST

Apr 06, 2011 (4:12 pm)

Replying to: qafas (Apr 05, 2011 8:37 pm)
Hi qafas. The 740i that you are interested in likely has a spread of a little over $6,000 between its full MSRP and its dealer invoice price. Add to that the $2,000 dealer cash that is currently available on this model and you have a total of at least $8,000 to play with during your negotiations. I say "at least" because BMW is providing additional cash incentives on vehicles that are equipped with certain options. It is impossible for me to tell whether the car that you are interested in has them from your post.
 
You were quoted a sizable discount of $11,000 on this car. That's a good price, but again it is impossible for me to tell if it is at, below, or above invoice without knowing how this car is equipped. Either way, this looks like a pretty attractive price to me.
 
Just make sure that the dealer uses BMW Financial Services' current buy rate lease money factor of .00165 (.00135 for loyal customers) to calculate your car's payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#444 of 607 Re: 740LI April Rates [Car_man] by gvitalik1

Apr 08, 2011 (2:16 pm)

Replying to: Car_man (Apr 05, 2011 4:40 pm)
Hi,
 
I'm being offered a following deal on 740LI with Convenience Pack, Prem Sound Pack, 19" Allows MSRP 80225, Selling $69995 Total Drive off $2934.44 MF 0.00160 with payment of $989 including tax.
 
Are these numbers right, as it seems that both packages qualify for credit, so I think there is 2K more to play with?
 
Many Thanks

#445 of 607 Lease Rates by jerseyguy70

Apr 08, 2011 (3:45 pm)

Hi Car Man,
I am currently in the market for a 2012 750li X Drive. What are the current lease rates for this model? Also, would you know of any incentives? Being a new model I assume there will be none but it never hurts to ask.
 
Thanks!

Messages Page 45 of 62

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