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      05-24-2012, 08:46 PM   #3
ddk632
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Drives: 17 BMW F87 M2 6MT MG HBDGR !
Join Date: Mar 2012
Location: Aventura, FL

iTrader: (2)

To elaborate on the post above, yes definitely run.

It is a 2012, and the LCI is almost here. All allocations are done for 2012 7 series, meaning only lot cars are left now. I know because I was shopping for one just last month.

First of all, go to ridewithg.com to check lease residuals and money factors. According to this site, the base rate is 0.00190 which translates to 4.56% - simply multiply by 2400 to get this number. So you are being screwed by 1% already.

Second, when negotiating for a lease, always negotiate the price first, to get the lowest number, aka highest discount off MSRP. This is where bmwconfig.com comes in. Get the build sheet from your dealer, have them email it, so you see all the options. Plug them in to bmwconfig.com and you will see the invoice price for that exact car.

Note that when I was shopping for this car list month I offered $1k over invoice and it was accepted without questions from several dealers. People here told me I could have done better. Regardless, even with $1k over invoice, you will also have a $2500 option credit on the 7 series this month, which is to be taken off from the final negotiated price, because this is a credit from BMW.

Don't let them tell you that 'the price we negotiated already reflects this option credit' that is BS and there are dealers who try this and those who are honest about it. I stop talking to the ones who pull this crap.

Finally go to leaseguide.com, plug in your MSRP, final price including discount for option credit (this is the capitalized cost, or cap cost, on which your lease is based on), the residual, money factor or interest rate, the term or length of the less in months, and finally your state tax rate.

You will get, within $20 per month, the payment that you should pay for this car.

When dealer quotes you lease numbers with just a residual percent, interest and payment, they are hiding a lot of information. You need the Cap cost, and to see if they are rolling any BS fees into your lease, which you should pay up front.

Hope this helps!

I got screwed once and swore to myself ... Never Again!!! Would hate to see anyone else get screwed, either.
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