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2013 and earlier BMW 7-Series Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey hamin. Please see my response to your previous message in post #277. Thanks and let us know if you have any other questions.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello mr2009x. Is $93,475 this car's MSRP or its selling price. I need both numbers to work up a lease payment on it for you. Let me know what they both are and I'll crunch some numbers.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mr2009xmr2009x Posts: 3
    Dear Car_man,

    The MSRP is $93,475 and I am not sure how much they are willing to reduce. They are quoting aound $1600/M for a 36 months with 15K miles. I am not sure whether this is reasonable as it is lot more compared to what I am paying for the current 750Li ($1160).

    Thank you.
  • dhamiltondhamilton Posts: 873
    The new 7 is brand new, I doubt they are discounting at all. Some may make the argument of the economy blah,blah but it's not an economy driven car, that's a kia.

    It's $400.00 more a month because it's new technology, if it was the technology from 3, or 4 years ago, the price may be the same. Nothing stays the same forever, hopefully your salary has gone up, or the price of the service your job does goes up.

    Anyway, good luck with your new car, just trying to give you an idea of the mindset from the other side of the desk. The new 7 is awesome, and I'm sure you'll love it.
  • mr2009xmr2009x Posts: 3
    Thank you. Once I get a deal done, I will let you know the details so that your readers can be well informed.
  • haminhamin Posts: 12
    Dear Car-Man

    I bought 750 Li this week. here are the details ...

    750Li, 2009, Black saphire Metallic.
    Oyster Nappa, Fine line high gloss trim
    19 inch wheels
    Head Up display
    Rear automatic shades
    Rear Entertaiment package.

    MSRP 91,825...Invoice 84,475

    Got it at 86,475 ....

    what do you think about the deal .....
  • bmlexusbmlexus Posts: 755
    Hello,

    Congratulations, hope you enjoy your new car.

    I hope you'll continue posting, because many owners never come back to tell their experience.

    How comfortable is it? I've read many reviews mentioning the ride is harsh compared to LS and the S class.

    My question to you is, did you test the LS or the S class because making your decision.

    Happy driving :)
  • haminhamin Posts: 12
    Well, Once I test drove 750 Li , I did not even look at LS ....., I did look at S 550 though ....

    the new 750 Li is for sure a huge improvement......, it is much more sportier and a " live " car as compare to S550......, its interior is very very nice, imopressive and tachnology is superb....I really loved the V8 twin Turbo with 400 bhp.....that makes a big difference, very fast car .....

    I think, this car is truly amazing, very elegant, but sporty and powerful.....

    I think it is very comfortable as well......mush more leg space than even S class....

    What made my decision more easy was the fact that it all- NEW Generation and is going to stay for 7 years ( very little mid cycle refresh at 3 and half years by BMW )
    as compared to S and LS who are there for sometime and looks boring,,,

    hope this helps.....
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on getting your new 7, hamin. Thanks for taking the time to let us all know how everything turned out. $2,000 over dealer invoice is more than many other BMW models are going for right now, but I am not surprised given the fact that the '09 7 just came out and it was redesigned. Assuming that the dealer used BMW FS' buy rate to calculate your monthly payment, which you never mentioned BTW, I'd say that this is a reasonable deal.

    Say, if you have the time make sure to hop on over to the Dealer Ratings & Reviews discussion to share your thoughts on your recent dealer experience with others.

    Enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Would appreciate input: Looking to lease (for tax purposes) a 2007 Li with 28,600 miles on it. Sale price of $47,400, 3 year 15K per, $2563 due at signing, $1063 per month. Buy rate factor used is .00350 and he gave me a residual value of $19,732 at end of lease. FWIW it has every option available.
    Thanks.
  • bmwduderbmwduder Posts: 1
    I have a 2007 750LI Sport, Loaded with 20k miles on it
    It also has 20 Inch Factory M Wheels
    Payment is $1700 per month and the lease is up in June 2010
    Car is perfect
    I will pay you to get into my car. I can make my deal much more attractive than what you are looking at now.
    I am looking to get the new 750 and I don't want to get screwed on this trade in
  • haminhamin Posts: 12
    thanks car man, I have placed order for the car, and will get delivery in 6 weeks....right now dealer has quoted me 5.44 % APR through BMW FS, but he says if the rate gets better in june, they will give me that rate.......

    he says there is no incentive on new 7 yet !! ..

    any thoughts ...???///

    I can go with a credit union for 4.25% ......however .....

    tell me what you think....., Please ASAP
  • liililiili Posts: 7
    Selling? How does it work?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem hamin. What you were told is correct. BMW is not providing any support on the new 7-Series yet. As a result, if you were to lease one through BMW Financial Services, you will have to use its standard lease money factor. Its standard money factors vary by region, but they are probably around .00280, give or take right now. That's equivalent to an interest rate of around 6.72%.

    I'm not sure what BMW's standard finance rates are currently, but I suspect that you would have little trouble beating them by arranging financing on your own through an independent bank or credit union.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mlad11mlad11 Posts: 19
    You got killed on that deal, 1700 a month?
    I have an 08 loaded w/ sport on a 3 year/15k with 0 down and I'm paying a little under 1200 a month. It looks as if your lease is even longer than 36 mos if it doesn't go back till june of next year. Its going to take you offering it for 600-700 a month less than your payment to make it even attractive to someone willing to take over a lease. Just go look on leasetrader....
  • fabgregfabgreg Posts: 4
    Hello,
    I would like your input on a price I have been offered. Here are the specs :
    2009 loaded
    36 month lease, 12000miles/yr
    MSRP - 103520, selling price - 102500, money factor - .0013, residual - 46445

    10,000 down
    monthly $1689

    Should I not put money down, should i be getting a better deal? The dealer states this is a great deal and it ends tomorrow (saturday may 30th).

    I am also thinking about just buying it. What do you think? Thanks for the input and advice.
  • haminhamin Posts: 12
    Hi:

    In my own experience with new 7 , you are not been given a good deal...rather its quite a rip off!!! .....

    BMW is not offering any Lease support on new 7 , so buying is better than leasing this one.......

    If you buy, ( which I think you should ), you should be paying around 1500-2000$ above INVOICE price......that means about at least 4-5 K less than the MSRP...

    I got 750 Li in April, ( car coming in 2 weeks ), and paid 2000 $ above invoice.....

    DONOT Put any money down., if you are leasing ....

    hope it helps ...
  • fabgregfabgreg Posts: 4
    Thanks for the advice. I will let you know how it works out.. How long does it take to come in when you order? 8 weeks?
  • haminhamin Posts: 12
    Yup:
    I placed order in second week of April and will get it around first week of June....
    I did shop around on internet/ email .......and did get a better deal out of my home town......., so will be going there to pick the car.......

    plz do shop around......, email is the best to negotiate
  • ar1ar1 Posts: 2
    Hi,
    I am a new user on this board and in the market of 09 750 LI. Looks like you got a good deal. The dealer in houston says there is no rebates or credits. Can you share the dealership and town you bought it.

    Thanks.
  • arkay402arkay402 Posts: 3
    Just negotiated a 36 months lease for my parents on an '09 750Li: Convenience, Camera, Luxury Seating, Premium Sound, 19" wheels and satellite radio. MSRP $94,870, negotiated cap cost $90,050.

    Current lease program runs MF of .0009 and residual of 47% with 12,000 miles per year, so monthly payment at $1,084.00; $6,531.86 up front including 7% NJ sales tax and first payment.
  • ar1ar1 Posts: 2
    Thanks but i don't understand the math. 90050 Cap cost. 53% of that is 47726. Less your DP 6500 leaves 41226 divided by 36 leave payment of 1145 plus tax. No taking into account MF of .009. Am I not understanding something here.
  • kyfdxkyfdx Posts: 29,225
    The residual amount is 47% of MSRP, not of the CAP cost.. I didn't crunch the numbers, but that will change your depreciation calculation by about $60/mo, right there..

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • I have been buying BMW 7 series fully loaded since the 90's. I live in SI but lease all my cars in NJ. I have always leased from Open Road thru a "gentleman" named Jerry Cohen, not your typical salesman! I do get a price from him and always check around for a better deal, to date I have not found any other dealer who could even come close. Extremely happy with service department, but Mr. Cohen is a extreme pleasure to deal with. My 07 lease expires in October, so I will again be in the market. Give them a call, more specifically Jerry, you have nothing to loose.
  • davidc1davidc1 Posts: 168
    I crunched the numbers and it still doesn't work. Off by couple hundred. Lease on my 7 expires in six months and I was curious.
  • Dealer offered me a 2009 750li with camera, 19 inch wheels, and preium leather for 1100+ tax a month, however i have to put almsot 6500 out of pocket.
  • Just so you guys know, there is a $3,000 lease cash incentive available AND BMW just threw in another $3,000 incentive if you are a current BMW driver for a total of $6,000.
  • Where is thi soffer available?
  • Hi aminoacids1. The $6,000 cash incentive on leases of the 2009 7-Series for loyal customers and $3,000 for everyone else definitely exists. Don't worry about proving it to the dealer. They know it exists as well. It they deny it, they're just trying to trick you.

    Car_man
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  • It does exist as I have it on my offer sheet on a new 750i. The question is how much I can get the dealer to kick in. Right now I have the dealer giving me $3500 off of the sticker.
This discussion has been closed.