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2013 and earlier BMW 7-Series Lease Questions

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  • Hi,

    What are the rates on 10k lease?

    Thanks
  • Hi gvitalik1. The money factors are the same for leases with only 10,000 miles per year, but BMW FS' 10,000 mile per year residual values are 3% higher than its 15,000 mile per year residuals.

    Car_man
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  • asun911asun911 Posts: 3
    Car Man,
    Can you tell me if this is a good lease deal on a 2011 740LI lease.
    Convenience, Lux Seat, M Sport with 20" Wheel upgrade, Premium Sound. MSRP is $90,575. Car is out of state. They would have to ship to TX. I got a cap cost of $80,575 plus $1000 to ship. Total cap cost of $81,575. Invoice is $83,250. bmwusa is offering now $3185 option credit (not sure how that works. they did not mention this at all) and $2000 build out cash (this was not mentioned either).

    MF is .00200 and Residual of 55%. Acquisition fee = $925 (seems high?), Doc fee $155 and Govt Fee of $139.05. Are all these fees legit? 36 month lease with 10K miles per year. What is the difference in cost to go 12K miles per year? Quoted monthly lease payment of $1328.87. I do have a trade in which they low balled me at $30K. I owe $28K on it so I would yield $2K. Should I use this equity on a down payment to bring down cap cost? Also $1875 tax credit for the trade in which would bring my sales tax down. They quoted monthly lease payment of $1273 with the tax credit?

    Good deal? Thanks Car man
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi asun911. The selling price that you were quoted for this car looks good. The money factor that you were quoted is a little on the high side though. BMW FS' current buy rate for the 2011 750Li is .00155. This figure drops to .00125 for loyal customers. The base acquisition fee is $725. So even though you are getting an aggressive selling price, the dealer is making some of that money back on the back end of your deal.

    Have the dealer cut you a check for any equity that you have in your trade rather than using the proceeds from it as a down payment.

    Car_man
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  • asun911asun911 Posts: 3
    Car Man,

    Thanks for the feedback. They would not negotiate above what I mentioned. I will be going to another dealer on Thursday to try to negotiate this deal with a 2011 750LI. Can you tell me if this is too aggresive to ask or is this what the market is bearing today because these are 2011 close out late models and the dealers want to move them along to make room for the 2012's in a few months.

    2011 750LI, M Sport, camera, Lux Seat, Premium Sound, Heads Up, Smart Phone, Ceramic controls. MSRP $100,915. This includes $3460 Option credit. Invoice is $92,555. BMW FS is offering $2000 Build out cash incentive till 3/31 and there is also Manufacturer to Dealer Marketing Support for $2000 also. Taking these into account, I thought to offer them $91,000 for the car. Is this too aggressive or should I offer lower considering both cash incentives?

    On my trade, I know you recommended to have them cut me a check for the equity and that is the smart thing to do, however if I do want to bring my monthly payment down, I can apply that equity to bring down my net cap cost? I know if I get in an accident, I lose that equity and any cash down payment 100%.

    I was looking at Leasecompare.com buy rates for March 2011 for a 2011 750LI, and I got .00160? I'll take .00155 if this is actual that I can negotiate with the dealer. I wanted to ask if you thought it was a good idea to take advantage of the MSD program by putting 7 additional security deposits down to bring down the MF by .00049? I know it is cash up front, but the savings would be around $2300 for the term of the lease and you get the $ back at end of lease less charges for wear tear etc.

    Also is it required that the consumer pay doc, disposition, and/or termination fees?

    Lastly, What is Due at Signing?

    Residual is 55% for 10K/year. Non negotiable, correct?

    Here in TX, we have to pay 100% of sales tax of the total value of vehicle. Is there any way out of this? Can this be negotiated with the dealer?

    Sorry for all the questions. Just want to get solid advise and I will be pullling the trigger soon and getting in a lease of a 2011 750LI or 740LI.

    Thanks again Car Man.

    A Sun911
  • broham1broham1 Posts: 8
    Carman: What are the current incentives on the 2011 740. I have read in previous posts there are options credits, build out cash ($2000) and marketing support. Can you please clarify how much in incentives is available in March and depnding on when you respond in April? As always thanks for your help and reply!
  • gvitalik1gvitalik1 Posts: 30
    Hi Carman,

    I'm looking to lease 740IL. What are the April's lease rates and special programs available on this model.

    Many Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi asun911. I believe that you are double counting the buildout cash and the dealer cash. They are the same thing. If I was in the market for this car right now, I personally would shoot for $1,000 over invoice minus the $2,000 dealer cash minus the option credit and see what happens.

    If you really want to yes you can use any equity that you have in your trade as a capitalized cost reduction for your lease. If you really want to lower your car's monthly payment you would be better off using this cash to make multiple security deposits than as a cap cost reduction.

    BMW Financial Services charges a $725 acquisition fee at lease signing and a $350 disposition fee at lease-end. The doc fee is between you and the dealer.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi broham1. BMW Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 2011 740i with 15,000 miles per year are .00165 and 52%, respectively for consumers who qualify for its top credit tiers.

    This money factor is reduced by .00030 for loyal customers.

    There is currently $2,000 in dealer cash plus option credits on the 7-Series. How much in option credits your car is eligible for depends upon how it is equipped.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gvitalik1. BMW Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 2011 740Li with 15,000 miles per year are .00160 and 52%, respectively.

    This money factor is reduced by .00030 for loyal customers.

    When negotiating your deal, don't forget about the $2,000 dealer cash and option credits that are available on the 7 right now.

    Car_man
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  • qafasqafas Posts: 1
    Hello Car man,

    Please comment on whether this seems like a good deal or not:

    2011 740i (sales demo, but less than 20 miles on it)
    MSRP $84475
    Cap cost $73450
    0 down
    2200 due at signing, including first month's payment, acquisition fee, and license fee.
    36 months, 12K miles/year

    What do you think?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi qafas. The 740i that you are interested in likely has a spread of a little over $6,000 between its full MSRP and its dealer invoice price. Add to that the $2,000 dealer cash that is currently available on this model and you have a total of at least $8,000 to play with during your negotiations. I say "at least" because BMW is providing additional cash incentives on vehicles that are equipped with certain options. It is impossible for me to tell whether the car that you are interested in has them from your post.

    You were quoted a sizable discount of $11,000 on this car. That's a good price, but again it is impossible for me to tell if it is at, below, or above invoice without knowing how this car is equipped. Either way, this looks like a pretty attractive price to me.

    Just make sure that the dealer uses BMW Financial Services' current buy rate lease money factor of .00165 (.00135 for loyal customers) to calculate your car's payment.

    Car_man
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  • gvitalik1gvitalik1 Posts: 30
    Hi,

    I'm being offered a following deal on 740LI with Convenience Pack, Prem Sound Pack, 19" Allows MSRP 80225, Selling $69995 Total Drive off $2934.44 MF 0.00160 with payment of $989 including tax.

    Are these numbers right, as it seems that both packages qualify for credit, so I think there is 2K more to play with?

    Many Thanks
  • Hi Car Man,
    I am currently in the market for a 2012 750li X Drive. What are the current lease rates for this model? Also, would you know of any incentives? Being a new model I assume there will be none but it never hurts to ask.

    Thanks!
  • Hello Car_man,

    I'm looking to lease a 2011 BMW 750LI or 2011 BMW 750LI Xdrive. What are the current lease rates & incentives available for a 36 month, 15k miles/year ?
  • mm1250mm1250 Posts: 6
    Hello Car_Man

    Looking to do a lease on a 011 750Li xDrive lease 36months 12k miles a year.

    I'm a current BMW lease customer. The MSRP of this 750LI is $98,675. What is the breakdown of all dealer rates & incentives I can try to take advantage of?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gvitalik1. The money factor that you were quoted is correct for a non-returning customer.

    As far as the selling price goes, this car probably has a spread of around $6,500 between its full MSRP and its dealer invoice price. Add to that the $2,000 dealer cash, $1,640 credit for the Premium Sound Option, and $1,545 for the Convenience package and you have a total of around $11,500 to play with during your negotiations. You were quoted a discount of $10,200. That's not bad. You might be able to squeeze a few hundred dollars more out of it, but again this deal isn't bad.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, jerseyguy70. According to the latest information that I have seen, BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2011 750Li xDrive with 15,000 miles per year are .00200 and 51%, respectively for consumers who qualify for its top credit tiers.

    The money factor is .00030 lower for loyal customers.

    While BMW is providing cash on the 2011 model, I don't believe that it has anything on 2012 models yet.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi trumaine03. BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2011 750Li with 15,000 miles per year are .00155 and 52%, respectively for consumers who qualify for its top credit tiers.

    The numbers for the 750Li xDrive are exactly the same.

    The money factors for loyal customers are .00030 lower.

    When negotiating your deal on this car, make sure to take advantage of the $2,000 dealer cash and various option credits.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello mm1250. Please see my previous post for the info that you're looking for.

    BMW FS' residual values for leases with only 12,000 miles per year are 2% higher.

    Car_man
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  • broham1broham1 Posts: 8
    Carman: A dealer is attempting to charge me a transport fee to get a car that is allegedly not in inventory. is this normal?
  • rpb3rpb3 Posts: 2
    I will come off a three-year, 10,000 mile per year lease on a 535xi at the end of August. I plan to lease again for a similar term with similar mileage limitations. I do not make down payments on leased vehicles, for the good reasons that you have described in the past. I have no interest in purchasing the vehicle at the conclusion of the lease, so residual value is important to me only in so far as it affects my monthly payment. I live in New York City, so I understand (correct me if I'm wrong) that I cannot use multiple security payments to reduce the monthly cost unless I acquire the vehicle from an out-of-state dealership, e.g. New Jersey.

    I would be interested in acquiring either a 740i or a 535GT. I will therefore appreciate your advice concerning money factors etc. and your sense of what my monthly cost would be for either vehicle reasonably well-equipped, before taxes.

    Thank you.
  • gryangryan Posts: 35
    I live in Nj and always use MSD's it is a great return on the money, I do not believe you can title the car in NY and use msd's. i know ny dealers do not quote msd's because i tried to buy from one in the past
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi broham1. The policy on swapping for vehicles varies from dealer to dealer, but it is not unusual for a dealer to attempt to charge a consumer to trade for a vehicle. If the dealer that you are working with doesn't have the exact car that you want, you may want to consider shopping around with a different dealer.

    Car_man
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  • bjaz22bjaz22 Posts: 1
    I'm looking into leasing the 2012 740i and was offered the following deal:

    2012 740i with Convenience pkg and Luxury seating pkg. Invoice is $71,230 and I'm getting it for $500 above invoice at $71,730.

    On a 36 month lease with 12k miles per year and with a total of $2,432.52 cash down the payment comes to $1,022.14 including tax.

    Is that a good deal? Are there any incentives I should be holding out for that are coming up?
  • I have a 2006 750i trade in valued at approximately 21,000. Im upside down about $9,000. I want to get out of it into a lease situation. Are there any good options/scenarios for me?
  • Car Man - can get I get current MF/Residual for 24 and 36 months? Thanks
  • Car Man - can you get the MF/Residual for the 2011 750ix? thanks
  • You certainly may. BMW FS' September buy rate lease money factor and residual value for a 24 month lease of a 2011 750xi with 15,000 miles per year are .00195 and 48%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36 month lease are .00195 and 40%.

    This car's money factors are .00030 lower for loyal customers.

    Car_man
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  • Hi Carman,

    I would like to get numbers on a B7 Alpina for a friend that is getting his in the next few days. Could you please provide me with:

    Money Factor - Buy rate
    Residual

    Here are the numbers the the dealer quoted:
    36 month lease / 10k miles a year
    MSRP: $126,825
    Selling price: $120,385 (supposedly $3000 over invoice)
    They told me the MF is .00225
    Residual = 60%

    $20,000 Down,Monthly payment $1291.18

    Thanks!
This discussion has been closed.