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BMW 7-Series Lease Questions

599 messages,  Last post on Apr 17, 2013 at 3:13 PM

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What is this discussion about? BMW 7 Series, Car Leasing, Sedan

Messages Page 22 of 61

#207 of 599 Should I Lease 08 750lI by mann1970

Oct 07, 2008 (6:39 pm)

Hi, I am looking to lease 2008 750LI with pretty much all the available options. The one I am looking at has MSRP $92800 and I am geting almost $15K off from the MSRP. With $5000 down and MF of .00225 my payment would be $1175 with taxes on 36 month and 12K miles per year lease. I am not current BMW owner so I can not get the lower MF. IS this a good deal on 08 model. My dilema is should i wait for the 09 model till spring or summer or buy the 08 model. Will I be able to find good deals on 09. Dealer is telling me it will go for full MSRP. What do you think car man? and input from other new 08 owners would be appreciated. I need to make this decision in next few days.
 
Thanks for your input and time.

#208 of 599 Re: lease 750li in August need help [californiami] by mann1970

Oct 07, 2008 (6:54 pm)

Replying to: californiami (Aug 28, 2008 3:11 pm)
I am looking at similar car with 92800 MSRP and geting $15K off the MSRP. On 3 year lease with 12 K miles my payment is coming to $1175 with taxes. The money factor they are giving me is .00225 (I am not previous BMW owner) Which dealer did you use to get your deal? and what was your motivation to get the 08 model when the 09 is coming out in March? I am going through this dilema. Should I buy the 08 or wait for 09?

#209 of 599 Re: lease 750li in August need help [mann1970] by californiami

Oct 08, 2008 (8:51 am)

Replying to: mann1970 (Oct 07, 2008 6:54 pm)
IMHO....15k off the 92.8k car is a sweet deal....a couple of things for you to consider....i wasn't a previous 7 series owner either...but they gave me their buy rate (at that point it was .0020)....then I increased my security deposit 8x to buy down the money factor even more....I also intentionally leased it for two years vs. three....the monthly worked out better than the three year...and then I figured, I could swap it out for the newer model after the 2009 year had some time to work out its kinks (each new 7 series model has never been bug free its first year) and so that I wouldn't have to deal with gouge pricing that I thought would be happening during the early months of the new car launch.
Hope that helps. Let me know what you end up doing...good luck!

#210 of 599 Re: lease 750li in August need help [californiami] by mann1970

Oct 08, 2008 (9:00 am)

Replying to: californiami (Oct 08, 2008 8:51 am)
Thanks for the quick input. I will keep you posted on my move.

#211 of 599 Re: Should I Lease 08 750lI [mann1970] by Car_man HOST

Oct 13, 2008 (5:30 pm)

Replying to: mann1970 (Oct 07, 2008 6:39 pm)
Hi mann1970. If you haven't pulled the trigger on your lease yet, you're in luck...BMW significantly enhanced its lease program on it on Friday. BMW Financial Services' new buy rate lease money factor for a 36 month lease of an '08 750Li is .00110...less than half of the previous factor. This should shave more than $100 per month off of your car's payment. If I was personally in the market for a new 7-Series, I definitely would lease one now using this new program rather than waiting for the 2009 model. I don't think that it's going to get any better than this for a while.
 
One other thing. I see that you are considering making a $5,000 down payment on your lease. You would be much better off keeping that money in the bank, even though it means that your monthly payment will be a little higher. I say this because if your car is totaled there is a good chance that your down payment will disappear.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#212 of 599 Re: Should I Lease 08 750lI [Car_man] by mann1970

Oct 13, 2008 (6:23 pm)

Replying to: Car_man (Oct 13, 2008 5:30 pm)
Car_Man, thanks for the update. I did pull the trigger on Sunday on Michigan Blue 750LI with Cream Beige. MSRP 93620 and got 14620 off the MSRP. I was able to take the benefit of the low MF. I did a two year lease with 12K mile per year. I used Coast BMW in San Luis Obispo. Good people to deal with.

#213 of 599 Re: Should I Lease 08 750lI [Car_man] by eric312

Oct 13, 2008 (6:28 pm)

Replying to: Car_man (Oct 13, 2008 5:30 pm)
Car_man,
 
What is the money factor for 750i for 39 months or BMW only leases for 36 months? Also, what is the residual? What do you think is the reasonable discount off MSRP right now given the economy and end of the model year?
 
Thank you.

#214 of 599 Re: Should I Lease 08 750lI [Car_man] by shawn757

Oct 13, 2008 (6:51 pm)

Replying to: Car_man (Oct 13, 2008 5:30 pm)
Car man,
Thats great news. Is this for new customers or returning loyalty? What is the loyalty money factor for returning customers?

#215 of 599 Re: Should I Lease 08 750lI [mann1970] by Car_man HOST

Oct 14, 2008 (6:26 pm)

Replying to: mann1970 (Oct 13, 2008 6:23 pm)
No problem, mann1970. Congratulations on getting your cool new ride. Enjoy and if you'd like, you can stop by the Dealer Ratings & Reviews section of Edmunds.com to tell everyone about your recent dealer experience.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#216 of 599 Re: Should I Lease 08 750lI [eric312] by Car_man HOST

Oct 14, 2008 (6:30 pm)

Replying to: eric312 (Oct 13, 2008 6:28 pm)
Hi eric312. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW 750Li with 15,000 miles per year are .00110 and 50%, respectively. I am not personally all that familiar with what the market is like for this car right now, but if I was interested in one in this sort of market I would shoot for a significant discount...as close to dealer invoice as possible. You may be able to get an idea of how much you should pay by visiting the "BMW 7-Series Prices Paid and Buying Experience" discussion.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 22 of 61

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