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-   -   Recent 750 Purchasers (http://www.bimmerfest.com/forums/showthread.php?t=367097)

Guards Red Car 05-08-2009 12:47 PM

Recent 750 Purchasers
 
Looking to hear from you about your deal....I'm ordering a 750i Sport for ED late August...Would like to know what kind of deals you've experienced, Thanks

chrischeung 05-08-2009 01:19 PM

I recommend asking on the European Delivery forum since you're doing ED. Also don't sweat the $$$ as much - $500 here or there on a $100K car is only 0.5%. Instead, focus on service and competency of your CA and dealer IMO.

advocado 05-23-2009 09:21 AM

I picked up my 750 Li at the Welt in late April. I "think" the deal was ok, considering dealers rarely discount new models. MSRP was about 97k. Got it with European Delivery for 88k (Northern California dealer from whom I've purchased cars in the past). The E/D experience was great. Didn't really drive the car around (I've done that before). But the Welt, the factory tour and the BMW Museum were all spectacular, as was Munich. Great city; amazing beer and beer gardens!

rossbyoung 05-23-2009 09:25 PM

New 750i with engine malfunction
 
I have a new 750i (Sports package, virtually all options, black) with 600 miles and an engine malfunction warning and a badly missing engine. I have followed the EMF warnings here and will post as to my experience. My previous car was a CL55, and the comparisons between the two are interesting (to me): CL more torquey, raw; 750 more technical, better features, and more comfortable. With this failure (just an inconvenience, but annoying with less than 1K), I realize that I like, but do not love, the car.

Dealer here is strong (Grayson), and I have a good relationship with them through employee purchases and a prior 740. I will post fix details as they occur.

This forum has been helpful to me in research; thank you all.

burf 05-28-2009 05:08 PM

i hate that you can't fast forward through a multimedia from your steering wheel !!!!!!

rossbyoung 06-06-2009 04:27 AM

Computer reset
 
The issue was perhaps solved with a hard, power-off computer reboot. I have another thousand miles on the car and it is fine, although it still makes me think the underlying issue (software?) may still be out there.

baga 06-18-2009 10:24 AM

i am getting 750li ED in july. MSRP a little over 99k, got it for 88k..

hayden 06-18-2009 01:12 PM

ED in August on a 750Li with every option. MSRP was $113k, got it for $100k.

asaseaban 07-21-2009 09:40 AM

hayden,

every option including night vision for $100k?

I assume $100k is without tax and all the other fees and stuff that comes with financing or leasing, right?

hayden 07-21-2009 11:28 AM

Quote:

Originally Posted by asaseaban (Post 4365358)
every option including night vision for $100k?

I assume $100k is without tax and all the other fees and stuff that comes with financing or leasing, right?

Every option:
Black Sapphire Metallic
Black Nappa Leather
Fineline Matte Wood Trim
Camera Package
Convenience Package
Driver Assistance Package
Luxury Rear Seating Package
Luxury Seating Package
Premium Sound Package
Rear Entertainment Package
Sport Package
Active Cruise Control
Ceramic Controls
Head-up Display
Instrument panel with leather finish
Massaging rear seat
Smartphone Integration
Satellite radio with 1 year subscription
Night Vision with Pedestrian Detection

with the Gas Guzzler tax it's actually $100,890. (MSRP was $114,050) That does not include sales tax or any other misc. doc fees, etc.

Edit: It was $100,890, not $101,890. Sorry.

asaseaban 07-21-2009 08:26 PM

Hayden,
A dealership is offering me 09 750 Li ED with every option except for night vision for $99,705 (MSRP $111,420). Compare to your deal i don't think i'm getting a good deal, am i? How do i bargain for lower price or if i'm leasing how do i get a good deal with low monthly payment.

hayden 07-21-2009 08:40 PM

This is how my deal breaks down:

Base European Delivery MSRP $72,040
Camera Package $685
Convenience Package $1,545
Driver Assistance Package $1,230
Luxury Rear Seating Package $3,185
Luxury Seating Package $2,275
Premium Sound Package $1,820
Rear Entertainment Package $2,000
Sport Package $4,460
Active Cruise Control $2,135
Ceramic Controls $590
Head-up Display $1,090
Instrument panel with leather finish $1,090
Massaging rear seat $180
Smartphone Integration $135
Satellite radio with 1 year sub. $540
Night Vision with Pedestrian Detection $2,365
Destination & Handling $825
Gas Guzzler Tax $1000
Dealer Profit $1700
________________________
Total Cost $100,890

These are all simply invoice prices + the dealer profit as stated. Theoretically you can do better since most members suggest you should only need to pay between $500- $1000 to the dealer, vs. my $1700.

hayden 07-21-2009 08:43 PM

Quote:

Originally Posted by asaseaban (Post 4367385)
A dealership is offering me 09 750 Li ED with every option except for night vision for $99,705 (MSRP $111,420).

My math shows they are trying to make exactly $2925 off the deal. Try to get them lower.

asaseaban 07-22-2009 02:31 AM

Hayden,

That's what i thought too. I've requested for the price drop so i'm waiting to hear from the dealership. Will let you know what they say.

asaseaban 07-22-2009 07:54 AM

This is the reply i received from the dealership

"Dear Sir,

The pricing I sent you is the best possible price, we do not sell the 7 Series for wholesale cost, we are only making $2k profit on the deal. Actually when we do a Euro Delivery it does come out of our allocation as well as an additional unit.

Also, I have alreay submitted the paperwork and the car has started production so I cannot change it. I was just emailed by the ED department and your confirmed delivery date is 9/5/09. They should be sending you a CC with it as well very soon.

Thank you for accepting my email,"



$2k profit? I thought dealership makes around $1k or so on ED profit?

hayden 07-22-2009 08:04 AM

Quote:

Originally Posted by asaseaban (Post 4368219)
we are only making $2k profit on the deal.

$2k is a lot. So I assume they reduced the price by $925 to claim that the profit is only $2k?

Quote:

Originally Posted by asaseaban (Post 4368219)
Actually when we do a Euro Delivery it does come out of our allocation as well as an additional unit.

I suspect that's a lie. I would ask one of the CA's on the board, or call BMW ED department to confirm that and also check on the "status" of your car to see if it indeed has already been produced. 800-932-0831. My guess is it has, since I have a 8/27 delivery and my car went into production last Friday.

Quote:

Originally Posted by asaseaban (Post 4368219)
Also, I have alreay submitted the paperwork and the car has started production so I cannot change it.

They can change the price anytime they want before you sign the final purchase agreement. The PO you signed doesn't have pricing.

hayden 07-22-2009 08:06 AM

asaseaban - where are you located? is this a big dealer, or remote with small volume?

asaseaban 07-22-2009 08:31 AM

It's a big dealership. Here is their info

BMW of Sterling
21826 Pacific Blvd
Sterling, VA 20166-9283
(571) 434-1944

hayden 07-22-2009 10:21 AM

Quote:

Originally Posted by asaseaban (Post 4368335)
It's a big dealership.

I'm fairly certain it doesn't come out of their allocation. Let me know when you find out for sure...

asaseaban 07-22-2009 12:08 PM

The dealership is saying that a Bulletin was recently issued for all ED cars to come out of their allotment. They won't show me the Bulleting but they claim that's why my order is coming from their allocation.

I just received my VIN and the tracking shows "Scheduled for Production" so now i need to gather all the information i need to get the best deal possible. I got really screwed on my first lease so i'm being extra, extra, extra careful and watchful this time.

Not sure if i should ask this question here but
how do i determine if i'm getting the correct percentage or Residual value?
How do i determine the money factor (MF) or the lease interest rate?
If i do Multiple Security Deposit (MSD) how do i ensure is refundable or return at lease end?
Since i'm a returning BMWFS customer i can skip the Security Deposit (SD) but what if the dealership insist on SD as requirement for the lease?
Lastly, what figure should i look for on the paperwork? the $99,705 ED that i'm being offered or the $111,420 MSRP?

hayden 07-22-2009 12:56 PM

Quote:

Originally Posted by asaseaban (Post 4368962)
The dealership is saying that a Bulletin was recently issued for all ED cars to come out of their allotment.

I've posted in the ED forum, so lets see what others say. Hopefully a CA will respond.

http://www.bimmerfest.com/forums/sho...d.php?t=385163


Quote:

Originally Posted by asaseaban (Post 4368962)
I just received my VIN and the tracking shows "Scheduled for Production" so now i need to gather all the information i need to get the best deal possible.

Call the automated line at (800) 831-1117 to verify. Sometimes the website is not updated. If you are indeed "scheduled for production" that means it hasn't started yet, but I'm sure its just a matter of days for your delivery date.

Quote:

Originally Posted by asaseaban (Post 4368962)
how do i determine if i'm getting the correct percentage or Residual value?

2009 BMW 750Li as of July 2009:
24 Month Residual 50% of MSRP .00090 Base Rate
36 Month Residual 45% of MSRP .00090 Base Rate
48 Month Residual 33% of MSRP .00265 Base Rate
60 Month Residual 28% of MSRP .00265 Base Rate

(Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all term)

Quote:

Originally Posted by asaseaban (Post 4368962)
How do i determine the money factor (MF) or the lease interest rate?

As long as your term is 36 months or less, your MF is .0009 + .0003 for ED, for a total of .0012


Quote:

Originally Posted by asaseaban (Post 4368962)
If i do Multiple Security Deposit (MSD) how do i ensure is refundable or return at lease end?

Do a search on that issue... there is lots of discussion on it.


Quote:

Originally Posted by asaseaban (Post 4368962)
Since i'm a returning BMWFS customer i can skip the Security Deposit (SD) but what if the dealership insist on SD as requirement for the lease?

As far as I know you should not be required to supply a SD if you are a previous customer.


Quote:

Originally Posted by asaseaban (Post 4368962)
Lastly, what figure should i look for on the paperwork? the $99,705 ED that i'm being offered or the $111,420 MSRP?

You can do the calulation based on this:
http://www.bimmerfest.com/pdf/pricin...es-pricing.pdf

asaseaban 07-22-2009 01:46 PM

WOW! That's a lot of useful information you've given me. I had no clue about any of these stuff. No wonder I got screwed big time on my first and current lease.

I was just asked to come in and sign the PO and stuff. Is the PO different from the lease agreement?
Can I sign the PO now and then the lease agreement later?
I heard I can wait atleast two weeks prior to the delivery date before I sign the lease. Does that hold water or the dealership can insist I close everything now?

Thanks a bunch for all the information you have given me. I feel so empowered and educated now you have no idea.

hayden 07-22-2009 01:54 PM

Quote:

Originally Posted by asaseaban (Post 4369331)
I was just asked to come in and sign the PO and stuff. Is the PO different from the lease agreement?

The PO is just the European Delivery "Purchase Order". It is not the purchase agreement and has no pricing information on it. It simply verifies your car, color, options and pick-up date. You will need to sign that soon, and provide a deposit of between $500 - $1000.

Quote:

Originally Posted by asaseaban (Post 4369331)
Can I sign the PO now and then the lease agreement later? I heard I can wait atleast two weeks prior to the delivery date before I sign the lease. Does that hold water or the dealership can insist I close everything now?

You don't want to sign the lease paperwork now, because that will start your lease now. Two weeks is ok, but I will be going in 7 days prior to pickup to sign the paperwork. That means I will be paying my lease for 7 days before I even have the car. (In addition to the weeks waiting for it to arrive back from Europe... although BMW will make 1 payment on your behalf) However, I do suggest you get your final settled pricing and figures in writing. That way you wont have to worry about anything changing between now and then.

Quote:

Originally Posted by asaseaban (Post 4369331)
Thanks a bunch for all the information you have given me. I feel so empowered and educated now you have no idea.

Happy to help. Check out the European Delivery forum and wiki. They provide lots of great information.

asaseaban 07-22-2009 04:44 PM

Thanks. The ED forum has a lot information that i'm adding to my arsenal. I have a feeling my second lease is gonna be much better than my first lease thanks to you.

JSpira 07-23-2009 06:48 AM

Quote:

Originally Posted by hayden (Post 4368657)
I'm fairly certain it doesn't come out of their allocation. Let me know when you find out for sure...

I've addressed the question re allocation here


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