- #61 of 136
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Re: BMW 6-Series: Lease Questions [Car_man]
by knottyhottie
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Oct 26, 2006 (2:06 pm)
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Replying to: Car_man (Oct 09, 2006 2:40 am)
I really appreciate your help and input on all these leasing questions from me! =) I got to negotiate with a local dealer on the 07 coupe which I realize would be best for me to get. MSRP is $80,240 and the residual is 55% at $44,132. The adjusted cost that they're giving me is $76,815.88. The money factor is 0.00340 for 3 years, 15K miles. They said they need $4,500 down and my monthly payment will be $1,319.11 before taxes.
Does that sound right to you? Do you think I can negotiate down some more?? Any advice is welcome and appreciated! TIA
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- #62 of 136
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Re: BMW 6-Series: Lease Questions [knottyhottie]
by Car_man HOST
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Oct 29, 2006 (5:38 am)
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Replying to: knottyhottie (Oct 09, 2006 12:15 pm)
You're welcome, knottyhottie. If there is a huge difference between the selling price that you can negotiate on a 2006 model and the price that this dealer is willing to sell a 2007 model for it might be worth your while to lease a leftover '06 model. I would be happy to calculate sample lease payments on both a 2006 model and a 2007 model to show you what the difference would be like if you provide me with their MSRPs and selling prices.
Car_man
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- #63 of 136
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Re: m6 lease [raja2]
by Car_man HOST
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Oct 29, 2006 (5:40 am)
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Replying to: raja2 (Oct 11, 2006 11:17 pm)
Wow, those certainly are some huge monthly payments, raja2. Given this car's lack of lease support and extremely high price, it definitely is going to be expensive to lease. I would be happy to use BMW's current lease program to estimate what your monthly payment should be like on the car that you are interested in right now. It would be a big help if you would provide me with its full MSRP and approximate selling price first though.
Car_man
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- #64 of 136
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Re: 650i Lease [mpdreamer]
by Car_man HOST
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Oct 30, 2006 (2:19 am)
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Replying to: mpdreamer (Oct 13, 2006 8:53 pm)
You're welcome, mpdreamer. BMW Financial Services' 36 month, 10,000 mile per year residual value for a 2007 BMW 650Ci is 58%. The residual for an otherwise identical lease off a 2006 model is 56%.
Car_man
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- #65 of 136
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Re: BMW 6-Series: Lease Questions [knottyhottie]
by Car_man HOST
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Oct 30, 2006 (2:28 am)
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Replying to: knottyhottie (Oct 26, 2006 2:06 pm)
No problem, knottyhottie. The dealer really doesn't need a $4,500 down payment. They are just asking you for one to make your vehicle's monthly payment look more reasonable. It is actually in your best interest as a consumer not to make any sort of down payment. I always advise consumers not to make down payments when leasing because if their leased vehicle is totaled in an accident or stolen and never recovered, their down payment essentially disappears.
The selling price that you were quoted for this car is reasonable IF it does not take the large down payment that you were asked for into account. I think that the money factor that you were quoted is slightly high, but not horrible. I just double checked the payment that you were quoted and came up with the exact $1,319.11 that you were told. So the bottom line is that this is a good payment for a lease with no down payment, but not a very good one for a lease with a $4,500 down payment.
Car_man
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- #66 of 136
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Re: BMW 6-Series: Lease Questions [Car_man]
by knottyhottie
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Oct 31, 2006 (3:03 pm)
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Replying to: Car_man (Oct 30, 2006 2:28 am)
Hi Car_man,
Thanks for getting back to me! =)
I think I found a better deal at a different dealership. The msrp on this car is $81,440 and their giving it to me for $79,500 but the difference is it's a 39 month lease whereas the other dealer gave me a 36 month lease. I would prefer to have it for less months, but the money factor this dealer gave me is .00259. The GM said he'll get me the lease for $1,355. Does that sound about right to you?
Do you think I can negotiate lower??? Thanks!
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- #67 of 136
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6 Series Lease
by drlease
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Nov 07, 2006 (11:28 am)
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Knottyhottie,
How much is due at inception? My leading bank usually does better. With $0 cap reduction, the payment is $1391.55+Tax, total due at inception is just first month and CA license Plates. If you tell me what county you are in I can give you with Tax. If that price includes tax with no money down, you have a winner. 
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- #68 of 136
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Re: BMW 6-Series: Lease Questions [knottyhottie]
by Car_man HOST
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Nov 08, 2006 (2:32 am)
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Replying to: knottyhottie (Oct 31, 2006 3:03 pm)
No problem, knottyhottie. It sounds like this deal is being run through a bank other than BMW Financial Services. I don't know what sort of residual value this bank is using for this car, but its money factor is lower than BMW's. A $2,000 discount on this car sounds reasonable to me. I just ran a sample 36 month, 15,000 mile per year lease on this car using BMW Financial Services' current program and I came up with a zero down, pre-tax monthly payment of around $1,265. I don't know how much sales tax added onto your monthly payment, but you actually may be better off leasing this car through BMW FS.
Car_man
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- #69 of 136
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Re: 6 Series Lease [drlease]
by knottyhottie
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Nov 08, 2006 (10:19 am)
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Replying to: drlease (Nov 07, 2006 11:28 am)
It's zero down, with $0 cap reduction. I'm in Orange County. The payment that the manager gave me was with a 39 month lease, tax not included. I just have to pay the security deposit of $2,173. What are your thoughts? Thanks for your help 
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- #70 of 136
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Re: BMW 6-Series: Lease Questions [Car_man]
by knottyhottie
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Nov 08, 2006 (10:22 am)
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Replying to: Car_man (Nov 08, 2006 2:32 am)
Hi Car_man, the manager told me he's using US Bank for the deal b/c my credit is good. The quote he gave me was for a 39 month lease, with zero down and 15K miles per year. If the money factor is lower with this bank, why would the payment be higher than through BMW FS? Unless the residual value US Bank has is lower than BMW FS, right? Thanks for your help
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