Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier BMW 7-Series Lease Questions

2456732

Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi l0m6905. BMW has not published its lease program for the 2007 7-Series yet. It probably will not do so until they physically begin to arrive at dealers. As a result, it is difficult to say whether it would be less expensive to lease a used 7 or a new one. If I had to make an educated guess, I would say that it will probably end up being cheaper to lease an '07 7-Series when it finally arrives, but again this is just a guess.

    You definitely should not make a $5,000 down payment when leasing this car. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your 7-Series would be exactly the same, regardless of whether you had put $5,000 down, or had made absolutely no down payment at all. If you have the money laying around and want a lower monthly payment, you would be better off making multiple security deposits on your BMW than making a down payment. BMW Financial Services reduces the money factor that is used to calculate vehicles' lease payments by .00007 for each additional deposit up to a maximum of seven. The beauty of making additional deposits is that not only does it reduce your vehicle's lease payment, but you actually get that money back at the end of your lease.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • l0m6905l0m6905 Posts: 12
    would the lease payments be higher or lower if you lease a used 2004 745i instead of leasing a new 2006 750i?
    For example, lets say next month the lease is up for the 2004 525i & would like to replace it with the used 2004 745i that is selling for $59,000 with 26,000 miles would the lease payments be lower than leasing the new 2006 750i?
    (current leasing special is $5,000 down with 10,000 miles/yr for 3 years is $929.00/month...monthly payment does not include tax,title,fees, ect. please help :(
  • rroyce10rroyce10 Posts: 9,359
    ......... You should be able to purchase/lease that 04 745i for the short side of $55ish ......


    $59,000 and 26,000 miles...? .. lets hope there's a new Tag Heuer in the glove box for that kinda $$ .....



    Terry ;)
  • bimmeresqbimmeresq Posts: 15
    Does anyone know the current MF and residual % for a 2006 750i? Plus anyone have a referral to a fleet manager or intener manager in Southern California? Thanks.
  • dmason12dmason12 Posts: 13
    0.0020 buy rate and 60% resid for 36 months / 36 k miles. I got the best deal at Sterling BMW in Newport Beach. Call and ask for internet manager (can't mention name here). I got $1330 over invoice on a car that we are ordering to our exact specs. Thay may do $1000 over invoice on one in stock. Payment is 1021 + tax with total drive off of $1710. MSRP was 80,695.
  • 1220512205 Posts: 4
    I am going to sign a lease tomorrow.

    MSRP: 81,940
    Cap Cost: 78635
    MF: .0024
    Residual: 69%
    24 months, 15 miles
    Drive Off: 2900 approx.

    Please let me know if this is a decent deal.

    Thanks.
  • vsaxenavsaxena Posts: 201
    I got a 2002 745Li (nicely optioned) with 50K miles a few dings and scratches for $34K in December. The car comes with full 6yr/100L bumper to bumper to warranty (the tranny is getting replaced right now since it was jerky). I know I did well but how well was it? :D
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi vsaxena. This particular discussion is really for community members to ask questions about leasing a new BMW 7-Series. You will have a better chance getting an opinion on the price that you paid for your used 7 by stopping by the following discussion: "Real-World Trade-In Values".

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • tp1123tp1123 Posts: 1
    Is there anyone who recently leased 2006 750i with sport package only? I know most 750i's & 750 il's stock in the dealership are loaded with different packages and over $80,000...and hard to find the standard plus sport. If anyone can share the experience of getting it and how much it was, it will be greatly appreciated.

    Also, how much do I need to pay extra for 15K per year vs. 10K per year lease. BMW financial service has a special lease offer on 750i now but only offering 10K per year.
  • nrpmannrpman Posts: 5
    I'm getting ready to lease a 750Li and asked my dealer about the money factor reduction by making multiple security deposits. He says that it's illegal to do that in New York. True?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi tp1123. Changing a car's mileage from 10,000 to 15,000 miles per year allowance will lower its residual value. BMW Financial Services' 15K residual values are 3% lower than its 10K residuals. The exact impact that this has upon your car's lease payment will depend upon its MSRP, selling price, and how long you are leasing it for.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • mfreifeldmfreifeld Posts: 1
    MSRP (European delivery) 81920
    Cap cost 77320
    MF 0.0022
    Residual 72% (10K/yr)
    24 mos, 10K/year
  • nrpmannrpman Posts: 5
    Hey car_man : Do you know the new MF for the 7 series?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey nrpman. BMW Financial Services' current buy rate lease money factor for the 2006 750i is .00200 for leases up to 42 months in length.

    Car_man
    Host
    Prices Paid Forum
  • Will soon begin negotiating 2007 BMW 750Li lease here in
    San Diego. Looking for rock-bottom gross cap and would like to shoot for 2% over invoice. Credit score 750, annual gross greater than $200K, currently leasing 2005 325i, will need at least 15K/year,and will put down deposit (2500-5000) as needed. Goal is to spend no more than $1,000 monthly. What are my chances and what else should I be doing to bring in the deal? Also, as a single person who rarely has passengers, would I do just as well with the 750i instead of the Li?
  • Hi jbfitz. While I certainly understand your desire to keep your car's monthly payment below $1,000 a month, even if it requires a down payment to do so it really is not in your best interest as a consumer to make capitalized cost reductions on leased vehicles. I say this because if your leased BMW is totaled in an accident or stolen and never recovered during your lease, your down payment essentially disappears. I would be happy to tell you exactly how much this car will cost you to lease right now if you provide me with the full MSRP and approximate selling price of the exact model that you want. You may be able to get an idea of what sort of selling price you will be able to negotiate by visiting the following discussion: "BMW 7-Series: Prices Paid & Buying Experience".

    Car_man
    Host
    Prices Paid Forum
  • Thanks, Car_man,

    The MSRP (w/ options) on the 2006 750Li was $84,900 and I got the dealer to bring the purchase price down to $80,900. I offered to put $3,500 down, they gave me a .00255 buy lease rate (MF), residual of 58% and waived my security deposit (current lessee of a 325) and came up with a monthly payment of $1,269. I declined and told them I wanted something in the $1,100-$1,200 range. They said they couldn't do it and I walked. They called me the next day and asked if I would make a deal if they took $10 or $25 off of the monthly payment. I reiterated my desire to go no higher than $1,200 per month. I believe I can do better and that the dealership probably added on to the MF BMW is currently offering on the 2006 models. If they lower the MF, I think I may get what I want.

    Thanks for your advice, Car_man!
  • No problem, jbfitz. Thanks for the additional information. According to my calculations, if you were to lease a 2007 BMW 750Li with an MSRP of $84,900 and selling price of $80,900 through BMW Financial Services right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $1,140. It would take around a $4,500 capitalized cost reduction to get this car's pre-tax payment down to around $1,000 a month and that's before tax. As I mentioned in my previous post though, it's not a good idea to make large down payments on leased vehicles. I used a money factor of .00200 and a residual value of 58% to arrive at this payment.

    Car_man
    Host
    Prices Paid Forum
  • HELP - Advice needed??
    Currently have 2005 745IL (but paying on 2003 745IL) $870 month 36 month lease,12,000 miles. -
    In July, ordered 2007 750LI, MSRP $83,795.00, price would be $79,703.85, 36 month lease,10,000 miles and also giving $7700 refundable security deposit (supposedly to bring price down - have done this with past 3 cars) Will pay all NY taxes,fees and 1st month payment. They are quoting me a residual of .61 and rate of 1.76 bringing the payments to $1019. Price was to be determined, upon new car prices which were not available at the time.
    But $150 is not exactly "a few bucks more" as they stated. I feel like I am getting the shaft. Please help have to let them tomorrow - Friday 10/13 - Is it work it ?
  • im in the market for a 2006 or 2007 bmw750li monaco blue exterior/black & lava blue interior. premium sound,comfort access,satellite radio,luxury seats,convienance package,power rear shades,19"wheels w/ performance tires. msrp $84,390 dealer dropped down to $82,990. i have a 2001 bmw 740il w/ 97,000 miles to trade; dealer says he will give me $17,000 for it.????... so the deal is: if i lease the described 06 car, it will cost me $1145.71 money factor is .00255 i live in las vegas, nv. veh cost 82,990 / residual .61 / aquisition fee is 825.00 / acqusition upfront is checked no / trade is 17,000 / payoff is 9,000 (dealer is giving to me in a check). doc fee is 399.50 / 12,000 miles a year / tax rate is 7.75% / initial payment is 8,000.... 35 payments of $1145.71 which includes tax 8000 down payment on the deal, 9000 giving back to me. they get my car and clear title. what do u think. please help
This discussion has been closed.