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BMW 7 Series, Car Leasing, Sedan
#84 of 653 Re: BMW 7-Series: Lease Questions [Car_man]
Sep 17, 2007 (12:45 pm)
Hello Car_man. First of all great forum. Its my first time leasing a car and so I have questions if I may please.
Info: 2007 750Li with sport pkg; lux seats; rear ent; night vision; premium sound; 19" tires; convenience pkg; comfort access; power rear shades; sirus radio. I drive a lot so I've asked for 25k miles/yr. Here is what I was quoted in central Ohio for a 3 year lease:
MSRP $ 94,055
Residual $ 48,551
Adj capital cost $ 91,900
He said he came up with the price as follows
$ 91,055 selling price
$ 725 bank fee
$ 3,865 sales tax
$ 91,909 adj cost
Payment $ 1,604 per mo. ($ 1,103 dep; $389 finance; $100& change tax).
Due at sign: $1,915 (first pmt + lic plates + tax on $ 3,500 rebate).
Ext warr: $ 3,875 for additional 50k since I"m going to be driving about 75k miles in 3 years
Does not cover maint so that is an extra $ 1,895 for 6yr/100,000 miles
Lastly the other option was to lease it for 2 years to stay in warranty and payment changes to $ 1,718
The comparison on Edmunds shows invoice of $ 87,665 and what others are paying in the area at $ 91,439.
Any feedback would be greatly appreciated. Thank you in advance for your time.
#85 of 653 Re: Need Advise / Help - Money Factor [Car_man]
Sep 18, 2007 (7:20 am)
Hey Car man and others. Yesterday I had some rather intense negotiations with about three different dealers (mostly over the phone, but had met previously). Anyway two of the three had mentioned that the $3500 rebate was ONLY on the 750i. When I went to BMW's web-site it seemed to confirm that. Do you or anyone else have something different that would deny that. That would help a lot. Also, during negotiations with one of them I was told that they could only get to the "cost money factor" of .0025 I'd have to put something down or more security deposit; otherwise they'll be around .00305. They're telling me its made up of .0025 cost; plus .00015 if security deposit is waived; plus a .0004 dealer applied mark-up or something that they say "every dealer applies." Net cap cost is only about $300 over invoice though. Does this make sense to you? Are they making up discounted cap cost elsewhere like in the money factor? Also, they may have to ship the car in from about 1000 miles away and mentioned charging a few hundred for that. Is that standard? Finally, if you BMW guys at the dealership are listening/reading...hello .
#86 of 653 Re: 2007 BMW Alpina B7 Lease Questions [dxhanrahan]
Sep 29, 2007 (5:45 pm)
Hi Car man, have a question regarding leasing a 2007 750i, do you think the 3500 will just go away or would they replace it with a different program?
I have a lease expiring in about 7 weeks, and as designed the $3500 makes it somewhat attractive to lease now and eat the last two payments, if I wait seven weeks will probably be limited to 2008 models without incentives.
Thoughts? comments? suggestions?
#87 of 653 Re: BMW 7-Series: Lease Questions [ohgobucksio]
Oct 03, 2007 (7:52 pm)
750i got a quote today, $3,500 incentive still in place!!!
apply $3500 to drive off...so zero drive off and $1,135 (tax etc, included - 8.25% here in CA) per month on a 36MO/10K miles per year.
2007 750i sports package, luxury seating, convenience, comfort access, premium sound......
#88 of 653 Alpina B& lease figures
Oct 05, 2007 (8:32 am)
For anyone with knowledge I would appreciate your help.I am ready to lease an 07 Alpina B7 and here are my figures..
3 years 10,000 miles per month
Residule value 52%
Adjusted cap cost is 114,565
Money factor 0.00299
lease payments are 2055.00 tax included
Does this seem like a great lease?Advice needed
#89 of 653 Re: BMW 7-Series: Lease Questions [madmakx]
Oct 15, 2007 (9:18 pm)
That deal sounds great! What is the name of the dealership that you are dealing with? Thanks!!
#90 of 653 Re: BMW 7-Series: Lease Questions [martinf]
Oct 18, 2007 (8:09 pm)
Dealing with Long Beach BMW, let me know how it goes..I will wait until end of November until my current lease expires....
#92 of 653 740i lease
Dec 01, 2007 (10:00 am)
are there any incentives on a 740i lease? i am interested in sport, comfort, sirius and convenience package. anyone have any insight into pricing on a 15k mile lease? thanks!
#93 of 653 7 series qoute
Dec 01, 2007 (10:06 am)
i was qouted on a 750i with sport, convenience comfort and sirius $1150 per month, 15k miles and put taxes down. car lists at $82k. is that a good deal?