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2013 and earlier BMW 7-Series Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Enate. BMW Financial Services doesn't offer 10 year leases. To be honest with you, that's an awfully long time to lease for anyhow. Really the longest that anyone should lease a BMW for is 42 months. That's the longest term that its special lease program is available for.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for Jose. BMW Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 740i with 10,000 miles per year are .00127 and 56% for consumers who qualify for its top credit tiers.

    When negotiating your deal on this car, make sure to take advantage of the $5,000 dealer cash that BMW is currently providing on it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • sai1sai1 Posts: 21
    Car_man, can you please post the July residual and money factor for a 2013 740i lease for 36 months with 15,000 miles per year. Thanks in advance for your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sai1. BMW Financial Services' July buy rate lease money factor and residual value for a 36-month lease of a 2013 740i with 15,000 miles per year are .00127 and 53% for consumers who qualify for its top credit tiers.

    When negotiating your deal on this car, make sure to take advantage of the $5,000 dealer cash that BMW is currently providing on it. That should make a big difference in the selling price.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • sai1sai1 Posts: 21
    Many thanks for the quick response Car_man.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome sai1.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Carman, any idea what these factors are for August? Thanks
  • bknycbknyc Posts: 57
    edited August 2013
    $86,200 ($90,800/M package credit of $4600)
    $1023 per month(including NJ tax of 7% and luxury tax), 36 months/15k miles per year and just 1st month payment out of pocket due at signing (all other fees included in deal) "Sign &Drive" as they kept on referring to it..

    Plus I have the Driving Experience coupon for $1000, which I'll use for either 1st month or apply towards lease price.

    Dark Graphite Metallic/Black Dakota Leather, Cold Weather (ZCW), Exec Package (ZEC), M Sport Package (ZMP/7MP)

    Thoughts?
  • The only discount is the M-Sport Package Credit, I feel like you can get a better deal if you negotiate for a lower selling price and then apply the M-Sport Credit.

    You can get a lower price than $1023/mo especially when they are trying to clear out inventory for the updated 2014 models.
  • bknycbknyc Posts: 57
    Thanks for the response. Discount is greater than the M package of $4600 but don't have the sale price. I know they are using a 53% residual but don't know the overall discount. Any thoughts on what they are willing to discount to move '13s?

    Thanks
  • I work in Socal as a broker.

    Different than retail, but I would try to get as close to invoice as possible before adding the M-sport credit.

    I would need to know invoice and selling price before I can comment further on the offer you have.

    Some dealers I work with are a little stingy with their prices on the outgoing 7 series, others are not.

    Try to find a dealer with multiple units on the lot.

    My knowledge of the 740iL X drive is limited....we don't have that in LA...
  • bknycbknyc Posts: 57
    edited August 2013
    Invoice is $90,800 -$4600 (M package credit) $86,200 net.
    Sale price is $72,907.

    Thanks again
  • Maybe someone else can chime in here who knows more than I do.

    But...

    If you selling price is $72,907 I don't think a payment of $1023/mo is reasonable. It seems a little too high.
  • Hello Car_ Man,

    I was wondering if you could tell me the money factor and residual for a 2013 740i/740Li lease for 36 months with 15,000 miles per year. Thanks in advance for your help.
  • kyfdxkyfdx Posts: 27,708
    2013 750LiX

    MF = .00125

    36mo. 15K/yr
    Residual = 55%

    M-Sport package option credit or $1500 cash on non-M Sport models.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 27,708
    2013 740i
    36 mo. 15K/yr
    MF = .00125
    Residual = 54%

    2013 740Li
    36mo. 15K/yr
    MF = .00125
    Residual = 55%

    $1500 cash on non M-Sport models

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • bknycbknyc Posts: 57
    Just leased a 2013 740Li X in NJ-
    Black Sapphire-Saddle/Black Napa Leather

    $95.5k list (including $4600 M package which is credited back)
    36 months 15k miles per year--sign and drive (no money or 1st payment at delivery)
    $1075 per month (including NJ sales tax of 7%)
  • brb0pcbbrb0pcb Posts: 1
    edited August 2013
    I am in need of some quick bottom line guidance on this topic. Can someone give me some reasonable target to shoot for in this type of lease? BMW 7 series Li. sticker is 82k and i need 15000 miles/year. I am flexible in the combination of what I put down and a monthly payment but just need help in figuring out what is reasonable to negotiate as the price (e.g., 75k) and then what is reasonable as an upfront payment and lease. Was offered about $7500 down and $780/mo including ist payment, fees and taxes (Drive off) for 10,000 miles/yr. (South Florida) but don't have a clue as to whether that's a good deal. Need advice before i go back. I don't need to get the absolute lowest deal but just a decent one and don't understand (or have time to) all the intricacies of the lease game. Can someone just give me an idea of what is reasonably acheivable on both the down payment and monthly? Real life experience would be great too. Thanks much
  • sai1sai1 Posts: 21
    brb0pcb, configure your exact car on bmwconfig.com. The site will give you the MSRP and Invoice. Take the invoice price of your configuration and subtract incentives ($5000 BMW Cash, $1500 loyalty if you are a current BMW owner, $1000 certificate if you recently attended a BMW ultimate driving event). Invoice – incentives should be a good price to aim for.

    On lease terms, as far as I am aware, for a 740i, the August residual for 36 month/15K miles is 53% and the money factor is .00127. One of the forum moderators can confirm this for you (not sure if 740i and Li have the same terms). Input your MSRP, negotiated price, residual and money factor in an online lease calculator and you will get a monthly payment.

    Generally speaking, a $82K MSRP car will roughly have an invoice of $76K. Subtracting incentives from invoice (assuming you qualify for all incentives) will yield you a price of $68,500. At the above terms, this gives you a monthly payment of ~$836 before tax with zero down payment. Keep in mind that all of this is based on August incentives/terms. I have no idea if these will carry over into September. The forum moderators can help you with this.

    I wouldn't recommend making a down payment on a lease (you will lose it if the car is totaled in an accident). If monthly payments are too high for you with zero down, IMHO, park the money in a bank and apply some of it towards your payment each month. Alternately, you can use the money to make multiple security deposits upfront. This will reduce your money factor (interest rate) and therefore decrease your monthly payment. My understanding is that these security deposits are refundable at the end of your lease, but please confirm this with your dealer.

    Hope this helps.
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