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2013 and earlier BMW 7-Series Lease Questions

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Comments

  • 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: 38,518
    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
    Host
    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.
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,869
    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: 167
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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.