I did some calculations on these websites and ran some numbers for the dealer and was told i am $9600 off the cap cost. Not sure how or where they get this difference in cap cost but here is my logic.

Here are some calculations that I did on the 2012 740il. This is what I would be interested in to lease the 2012 BMW 740il on your lot for a term of 36 months, 12K miles per year.

MSRP - $83,735

Base Cap Cost - $76,900 (selling price of the vehicle)

Down Payment – $4,000. I also know that I will 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. Therefore the cap cost reduction would be $6500.

Adjusted Cap Cost - $70,400

Residual value on the 7 series right now 57%. Therefore the residual value is $47,723.

http://www.ridewithg.com/index.php/2...ates-may-2012/
Money factor on the 7 series for May is .00190.

http://www.ridewithg.com/index.php
/2012/05/2012-bmw-lease-rates-may-2012/

Term – 36 months

Sales Tax – 6.75%

Therefore the monthly payment with tax should be $912.02.

Depreciation - $22677

Finance (rent) charge - $8080

Total Sales Tax - $2515

Total of all payments - $32833

Total Lease Cost - $39,771.75