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XZLR8
08-01-2009, 06:47 PM
I don't have all the details yet, but I hear that BMWFS just released news of a $3,000 cash incentive on 2009 7ers that are delivered before the end of August. If you're in the market, it'd be worth asking about.

hayden
08-01-2009, 09:09 PM
I would love to hear more... will this apply to ED orders? I have not completed paperwork on my upcoming delivery at the end of this month.

XZLR8
08-01-2009, 10:15 PM
I would love to hear more... will this apply to ED orders? I have not completed paperwork on my upcoming delivery at the end of this month.
I have no idea about ED cars. I just got a heads up from my Sales Manager this afternoon (he apparently found out this morning), but don't have the details yet. I'd definitely ask if I were you.

BmW745On19's
08-01-2009, 10:31 PM
They're trying to move the remaining '09s because they're putting the 8-speed in them soon.

chrischeung
08-01-2009, 10:50 PM
They're trying to move the remaining '09s because they're putting the 8-speed in them soon.

Any bulletin on that? There has been no mention, and only (logical) speculation.

Spiroman
08-01-2009, 11:34 PM
Any bulletin on that? There has been no mention, and only (logical) speculation.

Only the new 760Li is getting the 8 speed transmission as of the start of its production (October I believe). The earliest that an 8 speed transmission would be made available for the rest of the 7er line would be MY2011 and production on those is over a year away.

Best regards.

Spiroman

nyranger74
08-02-2009, 07:05 AM
I am definitely going to act on that if thats true. That will help pay some of my early lease termination for my 2008 Infiniti FX35- which I wouldn't recommend to anybody. Test drove the 750Li three times. Most amazing car I ever drove.

hayden
08-02-2009, 09:17 AM
XZLR8 - Is this a dealer incentive, or customer incentive?

XZLR8
08-02-2009, 10:30 AM
XZLR8 - Is this a dealer incentive, or customer incentive?
Well, I assume it's a BMWFS thing. I'm sure it's not just my dealership because it's not like they're trying to move something out of existing inventory. I should find out more on Monday, though.

hayden
08-02-2009, 11:46 AM
I should find out more on Monday, though.

Thanks. Guards Red Car and I will be anxiously awaiting more details... :)

asaseaban
08-02-2009, 03:52 PM
moved to another post

want_a_7
08-02-2009, 04:28 PM
^^, great timing on the pick up date and $$ from BMW!!

hayden
08-02-2009, 05:33 PM
Thanks asaseaban. Thats great to hear. You did good to get your lease dated in advance... I wasn't aware they were allowed to do that. (In fact, my CA said I could not)

asaseaban
08-02-2009, 05:47 PM
Thanks asaseaban. Thats great to hear. You did good to get your lease dated in advance... I wasn't aware they were allowed to do that. (In fact, my CA said I could not)

Thanks to your helpful pointers and knowledge sharing i was bent on not repeating my mistake so i did my work, calculated things in advance and it really helped.

If interested, here are two forms (http://www.bimmerfest.com/forums/attachment.php?attachmentid=195594&d=1249255376 and http://www.bimmerfest.com/forums/attachment.php?attachmentid=195595&d=1249255376) that i created and used to do my home work. If the CA is not willing to furnish you all the information on the two forms, please request to speak with someone from finance. I've learn thru this process that sometimes the CA knows more about ED and lease than the Finance person or vice-versa. Getting information from both the CA and Finance person should help bring clarity and transparency and avoid any last minute number crunching tricks...believe me...they'll try to confuse you with the numbers.

I have the forms in a Microsoft Word format but i don't know how to upload them to this forum. If anyone knows how to please let me know. You can also email me at onipanye@gmail and request for the Word version of the forms which is interractive.

XZLR8
08-02-2009, 05:49 PM
Appreciate the confirmation, asaseaban. So glad I went ahead with a 2009.

sakura
08-03-2009, 11:21 AM
^^, great timing on the pick up date and $$ from BMW!! you're sig is funny! thanks for the laugh.

hayden
08-04-2009, 08:07 AM
XZLR8 - Were you able to get any more details. A user on the Ask-A-Dealer forum is claiming he can't get his CA to find any details on the program...

I'm still waiting for an email reply from my CA.

XZLR8
08-04-2009, 08:16 AM
XZLR8 - Were you able to get any more details. A user on the Ask-A-Dealer forum is claiming he can't get his CA to find any details on the program...

I'm still waiting for an email reply from my CA.
Yesterday, my Sales Manager sent me an updated lease quote, taking the $3000 program into account. According to him, it's a BMWFS "Lease Cash Rebate" that was released on August 1 and is available on any 2009 7ers delivered by the end of the month. He noted that there is always the possibility that BMW will carry the rebate over to September, as they've done with rebates on other models, but the current word is that it's for August only.

hayden
08-04-2009, 08:19 AM
Awesome, thanks!

XZLR8
08-04-2009, 08:21 AM
Awesome, thanks!
One thing he did mention... and I think this might be pretty standard...

You do pay the tax on the rebate, so the actual gain is a bit less than the $3,000.

XZLR8
08-04-2009, 08:46 AM
Another "incentive" to remember is the BMWCCA rebate of $1500 on 7ers!

BMR2009
08-04-2009, 08:56 AM
You must be a member for 1 year before elligible, and before purchase of your new BMW.

Guards Red Car
08-04-2009, 08:57 AM
"BMWFS "Lease Cash Rebate" that was released on August 1 and is available on any 2009 7ers delivered by the end of the month"

Wow...great news...Signing my lease papers within 2 weeks for ED August 27 - Really good timing!

XZLR8
08-04-2009, 09:04 AM
You must be a member for 1 year before elligible, and before purchase of your new BMW.
Yep... totally worth the investment. (And not a bad magazine, either.)

Guards Red Car
08-04-2009, 11:48 AM
http://www.bmwusa.com/Standard/Content/FinancialServices/LeaseOffers.aspx

Special lease offers on 2009 750i/750Li - Also, 1.9% APR Financing!!

idworkin
08-04-2009, 02:49 PM
I see a $3000 lease cash offer on the 650, but nothing listed for the 750 -- can anyone confirm/provide details?

XZLR8
08-04-2009, 03:01 PM
I see a $3000 lease cash offer on the 650, but nothing listed for the 750 -- can anyone confirm/provide details?
The odd thing is that the 7 wasn't listed at all yesterday when I checked. I don't know what the delay is with BMWFS getting the listing correct.

hayden
08-04-2009, 04:33 PM
I see a $3000 lease cash offer on the 650, but nothing listed for the 750 -- can anyone confirm/provide details?

I'm wondering the same thing!

hayden
08-04-2009, 07:57 PM
email from my CA:


Yes you lucked out, because usually they exclude euro delivery vehicles from any special incentives, but I just read it and it is not excluded.
Each $1000 drops the payment around $28 and change per month.


:thumbup:

my next question is... the BMW website shows the extra mileage charge to be $.20 at lease end. I thought the 7 series was $.25 at lease end? ($.22 mid term)

XZLR8
08-04-2009, 08:08 PM
my next question is... the BMW website shows the extra mileage charge to be $.20 at lease end. I thought the 7 series was $.25 at lease end? ($.22 mid term)
According to my Sales Manager friend:

Early buy is $.20 at lease inception
Early buy during the lease is $.21
End of term penalty is $.25

hayden
08-04-2009, 08:11 PM
but look at this:

http://www.bmwusa.com/Standard/Content/Vehicles/2009/7/750LiSedan/SpecialOffers.aspx


At lease end, lessee will be liable for disposition fee ($350.00), any excess wear and use as set forth in the lease agreement and excess mileage charges of $.20 per mile for miles driven in excess of 10,000 miles per year.

XZLR8
08-04-2009, 08:14 PM
but look at this:

http://www.bmwusa.com/Standard/Content/Vehicles/2009/7/750LiSedan/SpecialOffers.aspx
Odd, but I know that's never been the case on any 7 I've owned. Maybe it's a mis-print or maybe it's specific to the stated deal? Don't know.

I just know that I inquired about purchasing extra miles (I put about 20-22K on the car per year) and was told the numbers that I quoted in my last post.

hayden
08-04-2009, 08:16 PM
I was told the same as you. I wonder if we can use that fine print and get them to honor that rate? I guess I'll email my CA and see what he says.

XZLR8
08-04-2009, 08:17 PM
I was told the same as you. I wonder if we can use that fine print and get them to honor that rate? I guess I'll email my CA and see what he says.
I think the fine print of the lease agreement you sign means more than any ad, frankly.

hayden
08-04-2009, 08:21 PM
I think the fine print of the lease agreement you sign means more than any ad, frankly.

Most certainly. I haven't seen a BMW lease agreement before, but I assumed that $.25 figure was input by the finance guy on the form (rather than pre-printed - as only the 7 series has that high of a mileage penalty). If thats the case... it may be worth a minutes effort. :)

XZLR8
08-04-2009, 08:24 PM
Most certainly. I haven't seen a BMW lease agreement before, but I assumed that $.25 figure was input by the finance guy on the form (rather than pre-printed - as only the 7 series has that high of a mileage penalty). If thats the case... it may be worth a minutes effort. :)
That's my recollection, yes.

This is your first BMW or just your first BMW lease? Sorry if you covered this and I was just, rather predictably, not paying attention.

hayden
08-04-2009, 08:27 PM
This is your first BMW or just your first BMW lease?

Both. I've always purchased (Mercedes) in the past and have kept my cars for an average of 5-7 years. I had expected to purchase this F02 as well, but the lease just made more sense financially. Hard to argue with the numbers!

XZLR8
08-04-2009, 08:29 PM
Both. I've always purchased (Mercedes) in the past and have kept my cars for an average of 5-7 years. I had expected to purchase this F02 as well, but the lease just made more sense financially. Hard to argue with the numbers!
Ah, well, I hope you'll be happy with the change. I've been fairly faithful to BMW for a number of years, short flings with Lexus and Audi notwithstanding, and just can't see myself straying from the fold any time soon.

hayden
08-04-2009, 08:35 PM
I hope you'll be happy with the change.

Thanks - I expect I'll be really pleased with the F02. I'm sure the Welt experience will add to the joy of the car and ensure I come back to BMW again.

That's their entire reasoning behind ED afterall, right?

idworkin
08-05-2009, 09:47 AM
OK, finally got confirmation n the $3K from my CA. His email said:

Wow, I am impressed ***8211; the official release from BMW did not come out until about 3pm. Those Bimmer boards are amazing

:thumbup: :thumbup: for Bimmerfest!

XZLR8
08-05-2009, 10:00 AM
:thumbup: :thumbup: for Bimmerfest!
Yea, us!

hayden
08-05-2009, 03:51 PM
The excess mileage was indeed just a typo. From BMWFS:


Thank you for your reply. The mileage charge for each model beneath the BMW 7 Series is $.20 per each additional mile. The mileage charge for each 7 Series vehicle remains at $.25 per each additional mile. We apologize for the confusion caused by our website, and will look into this matter further.

hayden
08-06-2009, 10:05 PM
FYI they finally got their act together. They fixed the mileage charge and stated the lease cash offer in the fine print:

http://www.bmwusa.com/Standard/Content/Vehicles/2009/7/750LiSedan/SpecialOffers.aspx

Lease financing available on 2009 BMW 750Li Sedan vehicles, registered outside of NY, only at participating BMW centers on leases assigned to BMW Financial Services NA, LLC/Financial Services Vehicle Trust through August 31, 2009. Monthly lease payments of $1,039.00 for 36 months based on MSRP of $87,025.00 (total lease payments including acquisition fee is $37,404.00). For vehicles registered outside of NY, $8,314.00 due at signing includes first month’s payment, down payment and security deposit. For vehicles registered in NY, $8,013.00 due at signing (includes $1,039.00 first month’s payment, $5,500.00 down payment, and $749.00 security deposit). Monthly payment also includes a $3,000 lease cash offer being made by BMW of North America, LLC. Lease cash is applied to lease contract in the form of capitalized cost reduction and is disclosed as such on the lease contract. Excludes tax, title, license, and registration fees. Lease financing subject to credit approval. Dealer contribution may affect terms. Lessee must cover insurance and all items not covered under the BMW Maintenance Program. At lease end, lessee will be liable for disposition fee ($350.00), any excess wear and use as set forth in the lease agreement and excess mileage charges of $.25 per mile for miles driven in excess of 10,000 miles per year. Purchase option at lease end for $37,404.00 excludes taxes. Lessee acquires no ownership interest unless purchase option is exercised. See participating BMW centers for details and vehicle availability. For more information call 1-800-334-4BMW. Special lease rates and pricing may not be reflected throughout www.bmwusa.com. All figures presented are estimates only. Actual selling price may vary. Please see your BMW center for details.

XZLR8
08-06-2009, 10:19 PM
Way to keep 'em in line, hayden. :)

asaseaban
08-07-2009, 03:03 AM
FYI they finally got their act together. They fixed the mileage charge and stated the lease cash offer in the fine print:

http://www.bmwusa.com/Standard/Content/Vehicles/2009/7/750LiSedan/SpecialOffers.aspx

I guess i got lucky on my second lease about the excess mileage because it states $.20 per mile but but on my first lease it was $.25

ccap
08-07-2009, 07:23 AM
Here is what my CA said about the deal with the 7's
$3000 customer loyalty on a lease.

dealer incentive on instock cars

36 month lease with a residual of 45% on a 750li

$5500 off the sticker

rate around 3% rate

Does everyone agree that this is the deal or can more be done???

asaseaban
08-07-2009, 07:41 AM
Here is what my CA said about the deal with the 7's
$3000 customer loyalty on a lease.

dealer incentive on instock cars

36 month lease with a residual of 45% on a 750li

$5500 off the sticker

rate around 3% rate

Does everyone agree that this is the deal or can more be done???

Here is the breadown according to BMW lease offer info:
$1,039*/month for 36 months Vehicle Registered outside N.Y.
***8226; $1,039 First months payment
***8226; $5,500 Down payment
***8226; $1,050 Security Deposit
***8226; $725 Acquisition fee
***8226; $8,314 Cash due at signing

Vehicle Registered in N.Y.
***8226; $1,039 First months payment
***8226; $5,500 Down payment
***8226; $749 Security deposit
***8226; $725 Acquisition fee
***8226; $8,013 Cash due at signing

If the above is what your CA is talking about then subtract $3000 from the Cash due at signing and that'll be your out of pocket cost. For the $8,314 Cash due at signing you'll pay $5314 and for the $8,013 Cash due at signing you'll pay $5013.

FYI, the $5500 is downpayment and not off sticker price. Taking it off sticket price will only reduce the price of the car but will not reduce the MF. Having it as a down payment will reduce your MF and that's huge.

hayden
08-07-2009, 08:29 AM
I guess i got lucky on my second lease about the excess mileage because it states $.20 per mile but but on my first lease it was $.25

You lucked out. Does it show that rate on your BMWFS account online?

I bet your dealership is going to get a call from BMWFS. They might be charged for the difference if you do end up paying for excess mileage.

asaseaban
08-07-2009, 08:37 AM
You lucked out. Does it show that rate on your BMWFS account online?

I bet your dealership is going to get a call from BMWFS. They might be charged for the difference if you do end up paying for excess mileage.

My lease is "Signed and Delivered" and yes it does show in BMWFS. I don't plan on going over the mileage. However, if this "error" was with my first dealership that screw me on the lease...then i'll rack up miles and have them pay the difference just as a pay back :-(

SARAFIL
08-07-2009, 10:21 AM
I guess i got lucky on my second lease about the excess mileage because it states $.20 per mile but but on my first lease it was $.25

Your dealer made a mistake, it is $0.25 for a 7-series and BMW Financial will not fund that contract. You will have to sign a new contract with the correct mileage penalty listed on it.

I worked at a BMW & MINI dealership. If the dealer makes a mistake on something like the residual, BMWFS will charge the dealer for the difference unless the dealer submits a new contract signed by the customer... but for a mileage penalty error, the customer has to sign a new contract with the correct rate- BMWFS will not accept the incorrect contract.

hayden
08-07-2009, 10:32 AM
Your dealer made a mistake, it is $0.25 for a 7-series and BMW Financial will not fund that contract. You will have to sign a new contract with the correct mileage penalty listed on it.

I worked at a BMW & MINI dealership. If the dealer makes a mistake on something like the residual, BMWFS will charge the dealer for the difference unless the dealer submits a new contract signed by the customer... but for a mileage penalty error, the customer has to sign a new contract with the correct rate- BMWFS will not accept the incorrect contract.

Isn't that the dealers problem now? They have a signed and executed contract. What if the customer refuses to come in and sign a revised one...

asaseaban
08-07-2009, 10:47 AM
Your dealer made a mistake, it is $0.25 for a 7-series and BMW Financial will not fund that contract. You will have to sign a new contract with the correct mileage penalty listed on it.

I worked at a BMW & MINI dealership. If the dealer makes a mistake on something like the residual, BMWFS will charge the dealer for the difference unless the dealer submits a new contract signed by the customer... but for a mileage penalty error, the customer has to sign a new contract with the correct rate- BMWFS will not accept the incorrect contract.

When i a dealership took me for a ride and i called BMWFS they told me since i already signed the lease agreement there was nothing they could. Had they refuse my new lease agreement i would have seek legal action based on their statement to me that "...a signed lease is a binding contract and that i'll have to pay the fines and penalty if i wish to terminate the lease." even though i didn't want to terminate the lease but get a do-over. No way the dealership is getting a do over from. Its not my fault when a dealership makes a mistake/error and screw themselve up.

timhutter@sbcgl
08-12-2009, 06:37 PM
I am about to pull the trigger on a lease on a SWB and here is what I worked out using the $3,000 rebate. 36 month w/ 12,ooo miles. Let me know if you think this is in line with what you have been seeing:

M.S.R.P.: $ 99,220.00
INITIAL CAP COST: $ 91,720.00
Customer Cash Down: $ 5,000.00
ADJUSTED CAP COST: $ 87,678.62
DRIVEOFF: $ 5,000.00
Money Factor: 0.00090
Resid. 46%
Base Monthly Rental: $ 1,287.70
County Sls Tax: 8.7500%$ 112.67
MONTHLY PAYMENT: $ 1,400.37


Cheers

asaseaban
08-12-2009, 07:59 PM
Does the $5000 driveoff include the $3000 lease cash?

SARAFIL
08-12-2009, 10:50 PM
Isn't that the dealers problem now? They have a signed and executed contract. What if the customer refuses to come in and sign a revised one...

It's not the dealer's problem, it's a problem for BMWFS because BMWFS can not hold them to it for 3 years until the lease is over and they know if there will be an over-mileage charge and how much it is. BMWFS will not fund the contract because they obviously do not want to be put in that position, which means there is no lease on the car and you can not drive it. It's between you and your dealer how you want to fix it in terms of any extra compensation, but it has to be fixed.

SARAFIL
08-12-2009, 10:57 PM
When i a dealership took me for a ride and i called BMWFS they told me since i already signed the lease agreement there was nothing they could. Had they refuse my new lease agreement i would have seek legal action based on their statement to me that "...a signed lease is a binding contract and that i'll have to pay the fines and penalty if i wish to terminate the lease." even though i didn't want to terminate the lease but get a do-over. No way the dealership is getting a do over from. Its not my fault when a dealership makes a mistake/error and screw themselve up.


It's different though... the first lease was properly executed, you just wanted to get out because you realized after the fact that you got a bad deal. There was nothing "wrong" with the first lease other than the fact that you did not like what you paid. The second scenario has a legitimate error that needs to be fixed somehow.

As I mentioned before, if it was something where BMWFS could associate a cost with it upfront (ex: the dealer used the wrong residual that was too high, they calculated your sales tax wrong, the amount financed was over the amount you were approved for) they would just deduct that amount from the amount they pay your dealership and be done with it. The problem with the mileage charge is that they can not just charge the dealership because there is no way to determine how much until your lease is over. They (BMWFS) also should not have to eat the difference because the dealer made a mistake. Unfortunately there is no way to fix it other than changing the contract.

timhutter@sbcgl
08-18-2009, 09:28 AM
Does the $5000 driveoff include the $3000 lease cash?

No, the $3000 will be used for further cap reduction. I will write a check for $5,000 at signing.

asaseaban
08-18-2009, 09:30 AM
No, the $3000 will be used for further cap reduction. I will write a check for $5,000 at signing.

OK. Then it will be calculated as $8000 down payment to reduce your cap cost. So you should see your Adjusted Cap Cost reflect minus $8000

Your new figures should be something like this

M.S.R.P.: $ 99,220.00
INITIAL CAP COST: $ 91,720.00
Customer Cash Down: $ 5,000.00
Lease Cash Rebate: $3000.00
Cap Cost Reduction: $8000.00
ADJUSTED CAP COST: $ 83,720.00
Amount due at signing and delivery: $ 5,000.00
Money Factor: 0.00090
Resid. 46%: $45641.20
Lease Term: 36 months
County Sls Tax: 8.7500%
Depreciation: $38079.00
Finance (Rent) Charge: $4191.00
Total Sales Tax: 4399.00
Base Monthly Rental: $ 1,174.17 + $102.74 tax
MONTHLY PAYMENT: $ 1,276.91

NOTE: The above calculation does no include any additional lease cost such as processing fee, title, registration, license, dealer business tax, additional warranty or service, etc.

You can use these two forms (see link below) that i created to plugin the numbers above, and then send it to your CA to provide the missing number or call the CA and get the rest of the numbers. The objective here is that you do your home work so you and the CA has some kind of agreement as to what the numbers will be. This way when you go to the dealership you're doing less negotiation and number crunching with the CA and the Finance person. You do not want to be negotiating and crunching numbers infront of the CA and the Fianance because that's when things get confusing and mathetically you get confused and sign a deal that seems good but once you get home, relax and go over the deal...it's totally not as good as you thought.

http://www.bimmerfest.com/forums/attachment.php?attachmentid=195595&d=1249255376
http://www.bimmerfest.com/forums/attachment.php?attachmentid=195594&d=1249255376

hayden
08-18-2009, 03:45 PM
Here are my lease details, signed today:

M.S.R.P.: $ 114020.00
Agreed upon Cap Cost: $ 100890.00

Customer Cash at Signing: $ 4000.00
BMW Lease Cash Rebate: $3000.00
Total Due at Signing: $7000.00

Cap Cost Reduction: $3728.52
ADJUSTED CAP COST: $98086.48

Money Factor: 0.00135 (.0009 Base +.0003 for ED +.00015 for first time BMW lease without a sec. deposit)
Residual: $53589.40 (47%)
Lease Term: 36 months, 36k total miles
Depreciation: $44497.08
Finance (Rent) Charge: $7371.44
MONTHLY PAYMENT: $ 1,440.79 + $126.07 sales tax (8.75%)

Other fees:
Acquisition fee: $925 (marked up from $785)
License Fees: $1260.00
Sales/Use Tax: $3.94
DMV Elec. Title: $29.00
Sales Tax on Cap. Reduction: $326.25
Doc. Prep Fee: $45.00
California Tire Fee: $8.75

P.S.: A similarly equipped S550 would have had an MSRP of $118,295 ($110,014 discounted ED price) and would have had a monthly payment of $2202 (inc. tax - with a .00395 MF)... :yikes: A full $636 more expensive per month! No thanks.

asaseaban
08-18-2009, 04:04 PM
Congratulations. You are now officially a 7er owner. Hope your BMW experience and expectation(s) far exceed your Mercedes dreams :-)

hayden
08-18-2009, 04:14 PM
Congratulations. You are now officially a 7er owner. Hope your BMW experience and expectation(s) far exceed your Mercedes dreams :-)

Thanks. Odd feeling to walk out of the dealership with only an envelope of papers and an iPod cable...

One week 'till departure... :D

Spiroman
08-18-2009, 04:44 PM
Thanks. Odd feeling to walk out of the dealership with only an envelope of papers and an iPod cable...

One week 'till departure... :D

Enjoy, hayden - please keep us in the loop with lots of photos!

Best regards.

Spiroman

asaseaban
08-18-2009, 05:03 PM
Enjoy, hayden - please keep us in the loop with lots of photos!

Best regards.

Spiroman

I heard the Welt has computers with internet access so send us live pictures. Also all the hotels you listed seem to have internet access so send us live updates and details of your trip. This will help you avoid the 12 hour window altogether :)

Enjoy every bit of your trip because you have some agonizing weeks ahead of you to patiently wait for redelivery in the US.

I will be there 9/5 so i'll be on standby for any new updates I can expect or look forward to at the Welt and factory tour.

Have a safe and fun-field trip.

timhutter@sbcgl
08-24-2009, 10:37 PM
OK. Then it will be calculated as $8000 down payment to reduce your cap cost. So you should see your Adjusted Cap Cost reflect minus $8000

Your new figures should be something like this

M.S.R.P.: $ 99,220.00
INITIAL CAP COST: $ 91,720.00
Customer Cash Down: $ 5,000.00
Lease Cash Rebate: $3000.00
Cap Cost Reduction: $8000.00
ADJUSTED CAP COST: $ 83,720.00
Amount due at signing and delivery: $ 5,000.00
Money Factor: 0.00090
Resid. 46%: $45641.20
Lease Term: 36 months
County Sls Tax: 8.7500%
Depreciation: $38079.00
Finance (Rent) Charge: $4191.00
Total Sales Tax: 4399.00
Base Monthly Rental: $ 1,174.17 + $102.74 tax
MONTHLY PAYMENT: $ 1,276.91

NOTE: The above calculation does no include any additional lease cost such as processing fee, title, registration, license, dealer business tax, additional warranty or service, etc.

You can use these two forms (see link below) that i created to plugin the numbers above, and then send it to your CA to provide the missing number or call the CA and get the rest of the numbers. The objective here is that you do your home work so you and the CA has some kind of agreement as to what the numbers will be. This way when you go to the dealership you're doing less negotiation and number crunching with the CA and the Finance person. You do not want to be negotiating and crunching numbers infront of the CA and the Fianance because that's when things get confusing and mathetically you get confused and sign a deal that seems good but once you get home, relax and go over the deal...it's totally not as good as you thought.

http://www.bimmerfest.com/forums/attachment.php?attachmentid=195595&d=1249255376
http://www.bimmerfest.com/forums/attachment.php?attachmentid=195594&d=1249255376

Thanks for the feedback. Here are the exact terms provided by my CA. I am going to pick up car tomorrow:

Quote Number: 183083 16) Accessories (W):
Contract Date: 08/12/09 17) Service Contract:
Lease Institution: BMWL 18) Tire & Wheel:
Stock Number: CY35200 19) DOC Fee:
M.S.R.P.: $ 99,220.00 20) Total Upft/Acq Fee: $ 53.75
L.E.V. Rt/Amt: 46.00%$ 45,641.20 21) Total Cap/Acq.Fee: $ 925.00
Mileage Window:
INITIAL CAP COST: $ 91,720.00 22) Smog Fee:
Trade Window (W): 23) CA Tire Fee:
Customer Cash Down: $ 5,000.00 24) Security Deposit:
Total Cap Reduction: $ 4,966.38 25) Total Cash Surplus:
ADJUSTED CAP COST: $ 87,678.62 26) DRIVEOFF: $ 5,000.00
Money Factor: 0.00090 27) Cash Cap Reduction: $ 1,966.38
Term: 36 28) CapTax1 Rt/Amt: 8.7500% $ 434.56
First Payment Date: 09/12/09 Base Monthly Rental: $ 1,287.70
One Pay Amount: 29) County Sls Tax: 8.7500%$ 112.67
Rebate: $ 3,000.00 30) MONTHLY PAYMENT: $ 1,400.37
License Fee: $ 1,112.00 31) Working Cash (W): $ 5,000.00
and : ̣

idworkin
08-26-2009, 02:38 PM
Anyone have any advance insight into September programs?

I see on the 'ask a dealer' board that the pull-ahead program now applies to all bmw's who's lease expires before the end of the year, so that takes care of the remaining payments on my '08 550, and I have a dealer quoting me $12K off MSRP on a 750i (excluding the $3K lease cash back) - so the only question is whether that $3K will improve in the next week, or if I should jump on this deal now...

-- ira

XZLR8
08-26-2009, 02:55 PM
I see on the 'ask a dealer' board that the pull-ahead program now applies to all bmw's who's lease expires before the end of the year, so that takes care of the remaining payments on my '08 550, and I have a dealer quoting me $12K off MSRP on a 750i (excluding the $3K lease cash back) - so the only question is whether that $3K will improve in the next week, or if I should jump on this deal now...
Hey, that's good news for me, too.

XZLR8
08-26-2009, 04:37 PM
I just talked to my dealer about the pull ahead program extension. He noted -- and had the memo from BMW to back it up -- that it only applies to MY2006 and 2007 vehicles, not MY2008. Are you hearing something different from your dealer, idworkin?

ccap
08-26-2009, 04:38 PM
Guys...What about this deal for a 750iL

36month, 15k miles
MSRP $94,870.00
$5,500 off
$3,000 Lease incetive
45% residual
.00090 rate, it is the buy rate
$925 acuisition fee, plus reg.

I think the lease is approx $1,350.00 monthly
Can I do better

idworkin
08-26-2009, 04:48 PM
I just talked to my dealer about the pull ahead program extension. He noted -- and had the memo from BMW to back it up -- that it only applies to MY2006 and 2007 vehicles, not MY2008. Are you hearing something different from your dealer, idworkin?

I spoke to 2 dealers - 1 is still investigating, the other read a memo that said that the pull-ahead was available on ALL cars, but only MY2006 and 2007. This memo may not have been the most recent (it's not unusual to get info from the bimmerfest boards before the dealers have it).

The post on the 'ask a dealer' board was a little unclear about this - I've posted there asking for clarification. If it does apply to MY2008, I see a new 750i in my not-too-distant future...

XZLR8
08-26-2009, 04:51 PM
I spoke to 2 dealers - 1 is still investigating, the other read a memo that said that the pull-ahead was available on ALL cars, but only MY2006 and 2007. This memo may not have been the most recent (it's not unusual to get info from the bimmerfest boards before the dealers have it).

The post on the 'ask a dealer' board was a little unclear about this - I've posted there asking for clarification. If it does apply to MY2008, I see a new 750i in my not-too-distant future...
My dealer sent me the BMW memo that says MY2006 and 2007 and said that the most recent addition was for x-Drive vehicles, which were previously excluded. Like you, I asked for clarification on the other board.

My 7 is supposed to be in Friday or Monday, so a little help from the pull ahead program would be fantastic, but I wasn't expecting it.

asaseaban
08-26-2009, 06:43 PM
Anyone have any advance insight into September programs?

I see on the 'ask a dealer' board that the pull-ahead program now applies to all bmw's who's lease expires before the end of the year, so that takes care of the remaining payments on my '08 550, and I have a dealer quoting me $12K off MSRP on a 750i (excluding the $3K lease cash back) - so the only question is whether that $3K will improve in the next week, or if I should jump on this deal now...

-- ira

Personally, i'll jump on the $3k lease cash rebate deal. Looking at how the stock market has being rallying lately and what Cash for Clunckers (CC) has done to auto sales i doubt the recent lease rebate will be extended...much more be increased.

A bird in hand is worth two in the bush. IMHO.

XZLR8
08-27-2009, 06:44 AM
Personally, i'll jump on the $3k lease cash rebate deal. Looking at how the stock market has being rallying lately and what Cash for Clunckers (CC) has done to auto sales i doubt the recent lease rebate will be extended...much more be increased.

A bird in hand is worth two in the bush. IMHO.
I don't think the deal will get any better, either, but I bet the $3000 is extended, if for no other reason than it's for MY2009, which are no longer being produced. It will be a good way to help clear out the remaining 2009s before the 2010s hit the dealers.

hayden
08-30-2009, 01:31 PM
XZLR8 - Have you picked it up yet? If so, lets see a new post with lots of pictures! :)

XZLR8
08-30-2009, 06:17 PM
XZLR8 - Have you picked it up yet? If so, lets see a new post with lots of pictures! :)
I pick it up tomorrow evening. Can't wait. Here's what I posted yesterday:

http://www.bimmerfest.com/forums/showthread.php?t=394398

XZLR8
08-30-2009, 06:19 PM
BTW, I learned something exciting on Saturday. In addition to the $3000 cash incentive being offered on '09 7ers, there is now an additional $3000 cash for existing BMWFS customers who are going from one lease to another. I think it was just announced within the last couple days. Also, the incentives were originally supposed to expire at the end of August, but they've been extended.

Good news!

ccap
08-31-2009, 08:20 AM
I just signed the papers. THank god I didnt sign then On Thursday. The additional 3k came out Friday morning. $1,500 over invoice and 6k off. Good deal I think

asaseaban
08-31-2009, 09:00 AM
BTW, I learned something exciting on Saturday. In addition to the $3000 cash incentive being offered on '09 7ers, there is now an additional $3000 cash for existing BMWFS customers who are going from one lease to another. I think it was just announced within the last couple days. Also, the incentives were originally supposed to expire at the end of August, but they've been extended.

Good news!

Do you have the bulletin number/id for this additional $3k for exisiting BMWFS customer's going from one lease to another? My CA doesn't seem to be aware of this.

asaseaban
08-31-2009, 09:06 AM
I just signed the papers. THank god I didnt sign then On Thursday. The additional 3k came out Friday morning. $1,500 over invoice and 6k off. Good deal I think

Can you provide more information about this additional $3k or tell me what CA you dealt with so i can contact for more information? My CA doesn't seem to be aware of this.

XZLR8
08-31-2009, 10:06 AM
Do you have the bulletin number/id for this additional $3k for exisiting BMWFS customer's going from one lease to another? My CA doesn't seem to be aware of this.
I don't have a bulletin number. My guy called me on Friday to let me know, then on Saturday, the Sales Manager sent me an update quote. It was a brand new "just announced" program on Friday. I think the only stipulation is that you have to be an existing FS customer.

asaseaban
08-31-2009, 11:33 AM
:freakdanc:freakdanc:freakdanc:freakdancI don't have a bulletin number. My guy called me on Friday to let me know, then on Saturday, the Sales Manager sent me an update quote. It was a brand new "just announced" program on Friday. I think the only stipulation is that you have to be an existing FS customer.

Thanks for posting this information. Just got confirmation from my CA as well. I'm going to re-sign my lease tomorrow. Don't know how this happened but i signed my lease about two weeks ago and apparently the Residual Value was calculated wrong so BMWFS rejected the lease. I was contacted to resign the lease and now i'm getting a total of $6000 cash rebate instead of the $3000. Bimmerfest ROCK!!!:freakdanc:

asaseaban
08-31-2009, 06:41 PM
I resigned my lease today (but it was predated to 8/28/209) and received the full $6k lease cash rebate. See attached pdf for my lease agreement.

timhutter@sbcgl
09-01-2009, 09:27 AM
I turned in my 06 in on Wed 26th and picked up my new 750i SWB. Signed the lease and went home. Got an e-mail on Saturday from the dealer's GM telling me about the additional $3K. He asked me if I wanted to come back in and redo the lease, which I did yesterday. Saved me another $60 a month on the lease. They handled it real well, would recommend anyone in SoCal check them out (Irvine BMW).

zibawala
09-10-2009, 12:58 AM
I resigned my lease today (but it was predated to 8/28/209) and received the full $6k lease cash rebate. See attached pdf for my lease agreement.

Wow! So you are doing European delivery! on 2010 750i

Can you please simplify your order contract for us?

1. Retail price of car over all and for ED?
2. Discounted price( Invoice plus?)
3. Money factor
4. Residual %
5. Lease term, is it 3 years /36K miles?
6. Sales tax for u?
7. Any extra down payment you made?
8. How did they adjust 6K rebate? as Down? or Paid off drive off etc?

How much is drive off?

Thanks

20C4S
09-10-2009, 02:07 AM
got the full 6k yesterday. what % do the have in profit from invoice to msrp? i didn't bother to ask since the deal was pretty good already. my sticker was $98,220.00. after discount was around 92k.

was also looking at 09, 10 S550. BMW deal just blew away Mercedes... :bigpimp:

zibawala
09-10-2009, 02:17 AM
got the full 6k yesterday. what % do the have in profit from invoice to msrp? i didn't bother to ask since the deal was pretty good already. my sticker was $98,220.00. after discount was around 92k.

was also looking at 09, 10 S550. BMW deal just blew away Mercedes... :bigpimp:

So it is US delivery. MSRP 98K, selling price 92K( including 6K cash allowance)?

What were your lease terms?

Thanks

20C4S
09-10-2009, 02:24 AM
So it is US delivery. MSRP 98K, selling price 92K( including 6K cash allowance)?

What were your lease terms?

Thanks

LA. 6k off msrp. plus 6k additional rebate so total 12k off.

36 months 10k per year. $4,500.00 drive off. payment around $1,350.00 including CA tax, argh at 9.75%... :mad:

zibawala
09-10-2009, 02:54 AM
LA. 6k off msrp. plus 6k additional rebate so total 12k off.

36 months 10k per year. $4,500.00 drive off. payment around $1,350.00 including CA tax, argh at 9.75%... :mad:

Dude! For 92K car your payments are great. Can you please pm me your lease quote/agreement? How much was deposit? Money factor? Residual?

I am in the middle of ordering and would really appreciate your help. Btw which dealership in LA? I am in North CA and yes! 9.75% sucks!