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.
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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.
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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.
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.
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$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)
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.
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?
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.
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%)
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
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.
I just was told by a dealer that September Residual Value for the lease of a 750i for 36 months and 10K miles is now 52%. Is this right?. Can somebody please confirm this?
Thanks Jason. Yes, it is for a 2013. Even with an expanded build out cash from $5k to $7.5k when doing the math and comparing seems like the net effect in the lease price is not as good as it was in August with a 56% RV
Does anyone have residuals and MF for a 2014 750lix ?I was offered 1400/month on a 2014 750li x with a sticker of 111k. 12k /yr 36 months 0 down payment They wanted 4 security deposits[refundable at the end of the lease] Is this a decent lease deal? I would appreciate some help
I need some quick advice. I was contacted to turn in my current 7 early and am fine w a '13 or '14. With the package I want before any reductions at all it is about $95k.
Apparently the incentives end this month so all quick help appreciated.
Two questions. One, how much should I look to be paying on 36/15k?
Two, is there a difference financial or otherwise between the '13 and '14?
The 13 are out of production,you can only order a 14 .You might be able to find a 13 on the lot that might suit your needs .The 14 has an upgraded digital Dash cluster and touch I drive.I was offered the same money factor of 0.00125 for both 13 and 14. The residual for a 13 was 49% for 15k.The residual for a 14 for 12k is apparently 57% .
I am getting a great deal on a 740ilx with exec, m-sport, cold weather package for 860ish a month, 36 months, 0 down but 7 MSDs (basically a $87,525 car selling for $78,400)
Question for you guys....should I pull the trigger now or wait until Nov 1st and see if there is something better due to holiday incentives??
Currently BMW is offering m-sport package for free as there is an incentive on that and also a normal dealer cash incentive...just wondering if it will get any better.
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Car_man
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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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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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Car_man
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$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?
You can get a lower price than $1023/mo especially when they are trying to clear out inventory for the updated 2014 models.
Thanks
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...
Sale price is $72,907.
Thanks again
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.
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.
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
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
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%)
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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Prices Paid, Lease Questions, SUVs
12k /yr
36 months
0 down payment
They wanted 4 security deposits[refundable at the end of the lease]
Is this a decent lease deal?
I would appreciate some help
Free M-Sport package on all 7-series and $1500 of lease loyalty cash available..
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Prices Paid, Lease Questions, SUVs
With the package I want before any reductions at all it is about $95k.
Apparently the incentives end this month so all quick help appreciated.
Two questions. One, how much should I look to be paying on 36/15k?
Two, is there a difference financial or otherwise between the '13 and '14?
Thanks to all.
I am getting a great deal on a 740ilx with exec, m-sport, cold weather package for 860ish a month, 36 months, 0 down but 7 MSDs (basically a $87,525 car selling for $78,400)
Question for you guys....should I pull the trigger now or wait until Nov 1st and see if there is something better due to holiday incentives??
Currently BMW is offering m-sport package for free as there is an incentive on that and also a normal dealer cash incentive...just wondering if it will get any better.
What do you guys think??