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2013 and earlier BMW 7-Series Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rr4mywife. The money factor that you were quoted looks good. Does the selling price that you were quoted include the $3,500 cash incentive that is being offered by BMW, or is that being taken off from that? Either way, I wouldn't be surprised if you were able to negotiate a larger discount than this. All told, between in incentives and the spread between MSRP and invoice there's probably at least $11,000 to play with on this car. It wouldn't hurt to comparison shop some more.

    Car_man
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  • rr4mywiferr4mywife Posts: 39
    Yes, it does include the 3,500 incentive. Thanks for the advice. Will car shop this week and close a deal soon. Thanks again.
  • ekaplanekaplan Posts: 3
    I just signed a lead for 12K, 750LIx, 2012, $93,000 plus, and the lease was $1,107 plus sales tax. No money down.
  • rr4mywiferr4mywife Posts: 39
    @ekaplan .... mind if I ask what area you live in and the dealer? Thx
  • ekaplanekaplan Posts: 3
    North Shiore, Massacbusetts, prefer to not mention actual dealer but you can email me direct at ekaplan@bosoa.com to discuss further.
  • jvergarajvergara Posts: 9
    Dear Car_Man:
    Could you please let me know what are the latest available residual values and MF to lease a 2013 740i for 36 months / 10k miles per year. I plan to do a ED, so any incentives that you are aware of for this model that you could share are greatly appreciated.
    Many thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome rr4mywife. How did everything turn out?

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I;d be happy to help you out jvergara. BMW Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a 2013 740i Sedan with 10,000 miles per year are .00129 and 58% for consumers who qualify for its top credit tiers.

    Car_man
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  • rr4mywiferr4mywife Posts: 39
    Great - Thanks. I spoke to the Massachusetts dealer and we are working on a deal.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome rr4mywife. Make sure to stop back and let us all know how everything turns out.

    Car_man
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  • jvergarajvergara Posts: 9
    Many thanks Car_man. Any rebates / credits at this time that you are aware of?. I'm a current BMWFS client living in Florida
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome jvergara. BMW's providing a $3,000 cash incentive on leases of the 7 in April. There's another $750 plus the waiver of your first payment for you as a current BMW owner.

    Car_man
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  • charliemcharliem Posts: 10
    I got a quote on a 2013 BMW 750lix.
    executive package
    cold weather
    m sport package
    msrp $99,795 because it instantly discounts $3300 for m sport package.
    They told me selling price is $81,820

    I am a current BMWF customer. I have 4 months left on my current they will let me out of now at no cost.

    I need 15k miles a year for a 36 month lease

    I was quoted a payment of $1028 a month with 6% sales tax included. total down payment is $2082.

    I was told money factor is .00159 and residual is 55%.

    Does this sound right?

    What is the money factor and residual for this vehicle?

    If my credit is tier 2 what does the money factor jump to?

    Thank you
  • jasonmdbmwjasonmdbmw Posts: 117
    MF jumps to .00149 I believe and the RV is 55% like they quoted you
  • rjdoc74rjdoc74 Posts: 16
    Hi Car_man,

    What are current incentives on 2013 740i? I know there is M sport credit, $750 loyalty and $3000 dealer cash. Anything else? I hear numbers like $13000 off MSRP, is this possible? Also, I understand that MF is 0.00127 and residual is 58% for 10K miles per year, is this correct?
  • jasonmdbmwjasonmdbmw Posts: 117
    Everything you stated is correct except for the $13,000 off MSRP. Dont see how that's possible considering there are no other incentives besides the loyalty and $3000 dealer cash
  • rjdoc74rjdoc74 Posts: 16
    What about Ultimate Driving Event :)))))

    Also, my local dealer has 38 (thirty eight!) 740i's in stock. How much under invoice should I offer for one? I say at least 2-3K under.
  • jasonmdbmwjasonmdbmw Posts: 117
    As long as you sign up for it and go on the date your dealer has it, then yes you can get that but still doesnt add up to $13,000 off MSRP. The max I'm coming up with is about $10,800 and thats invoice minus the $3000, $750 loyalty, and $1000 ultimate driving event. If you qualify for the Military program then that you would get you near $13,000 off MSRP.

    And 38 740's?! Damn that is insane! What dealer is that?!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited May 2013
    Hi rjdoc74. The money factor and residual value that you mentioned are indeed correct. The cash incentives that you mentioned are correct as well. The only thing that I am aware of that you missed is the waiver of the first month's payment for loyal customers as well.

    $13,000 off MSRP sounds very aggressive. If you include the M Sport discount and all of the cash incentives that probably puts you at around dealer invoice, depending upon how the car is equipped. Most units in inventory now already include the free M Sport Package on the sticker so you'd probably be looking at around ten grand max.

    Car_man
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  • rjdoc74rjdoc74 Posts: 16
    Thank you both. I am hoping to see more aggressive intensives in June. It would be great to see a little residual bump and dealer cash increase to $5k. That would put lease payment on a $76000 MSRP car with free M sport at low $600/month. Now that would be a deal!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rjdoc74. BMW's May lease program for the 7 is scheduled to run through July 1st. I don't expect BMW to make any significant unscheduled enhancements to its offers for this model in June, but you never know. A lot will depend upon what the May sales were like, which we find out on Monday.

    Car_man
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  • roman7roman7 Posts: 15
    Hi car_man! Can you figure the best deal on the 2013 BMW 750LI x drive, MSRP is $110725 (that already includes $3300 credit for M package) and I will have a loyalty credit $750 and $3000 from BMW if I lease for 36 month with 10K miles per year and would like to use another $3000 down payment. The BMW site says about a special $979 plus taxes.
    Is any way to get this deal on 2013 BMW 750 IL x drive with MSRP $110725?
    Please help to clear up the deal. The money factor is 0.0027 I think is good till July 05, 2013
    Thank you!
  • roman7roman7 Posts: 15
    Hi Car man! I have a quote on 2013 BMW 740 LI xdrive on 36 month lease with 10K per year $1205 +tax, MSRP $100475, sale price $93935 and down payment just $3750 (3000+750 money from BMW).
    Is it right deal?
    I have had $1175 with taxes from other lease calculators! Am I right?
    Please help me out!
    Thank you! :confuse:
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi roman7. The $979 advertised payment that you have seen is based upon a vehicle that has an MSRP of $95,725, so a car with an MSRP of $110,725 will almost certainly have a higher payment. That's even the case if you are able to negotiate a larger discount than the one that was used in the official advertised payment.

    I would be happy to work up a sample lease payment on the exact car that you are interested in for you. However, in order for me to do so I need you to provide me with a selling price for it, or at least its dealer invoice price. You can look up this car's invoice price over in the New Vehicle Pricing section of Edmunds.com.

    The .00270 money factor that you were quoted is way out of line. BMW FS' buy rate for this model is .00127 for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks for the additional information, roman7. The selling price that you were quoted looks good.

    Let's work up a payment on this car and see what we come up with. I get a zero down, pre-tax monthly payment of around $1,184. With the $3,750 down payment that payment drops to $1,075.

    Car_man
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  • enateenate Posts: 1
    Hello, Car-Man,

    Was hoping you could help me with a lease? 2013 740i with sticker of $77,841 w m sport on it. I have BMW drive $1000 and the $3000 build out. Was hoping you can tell me what my payment would on a 10k year lease a total of $3500 out of pocket 36 months. Was also thinking of doing the MSD program to lower the money factor if you could please include info on that as and what it would do to the payment. please let me know if there is any other incentives you would know of that would help a non BMW owner. Thank you in advance for all your help and advice.

    Sincerely,

    Enate
  • roman7roman7 Posts: 15
    Thank you Car_man! I appreciate a lot! We have checked my credit and the dealer said it's tier II, and BMW needs use the MF 0.00167 instead 0.00127 for 36 month with 10K a year.
    So, the dealer come up with $1890 my first payment and fees to drive out, $3750 money like a down payment from BMW and sale price $93935, MSRP $100345, RV - 58% and payment with taxes (7.9%) - 1253.21
    Is it sounds right and attractive? Or I have to work harder and take extra off from dealer's profit?
    Thank you!
  • dude39dude39 Posts: 1
    Thought I would share this since this forum helped me so much.

    Just leased an 2013 740i with saddle napa leather, lighting, m sport package, BMW apps, and contour seats. Deal points as follows

    MSRP $82,045
    Selling Price $72,600. (Reflects $3,000 rebate and ultimate driving event)
    36 month lease
    15k mi/yr
    MF.00127
    Residual 55 percent
    $5,750 drive off
    Payment is $833 plus tax

    Thanks to this forum for the data. It helped me a lot.
  • fabeneagfabeneag Posts: 3
    This forum has been very helpful so I thought I would share my recent lease from a Boston-area dealer :

    740 LiX with Executive Package, M Sport, Cold Weather, Lighting, Bang & Oelsen

    MSRP was $92,395.

    36 months lease with 12,000 miles worked out to $1,050 per month including sales tax. $2,500 total out of pocket up front. Deal also included the dealership making one of my last four lease payments on my 535 ($850), BMW making the last three payments and applying the $3,000 BMW Credit and the $750 Loyalty Credit.

    It's a LOT more car than my 535 for only $200 per month more payment.
  • jvergarajvergara Posts: 9
    Dear Carman,
    Would you please let me know the MF and Residual for a 10k yr 36 month lease for a 740i flr the month of July as soon as they are available?. I have excellent credit and I am also a BMWFS current client
    Many thanks!
    Jose
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