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BMW 7-Series Lease Questions
Last post on Apr 17, 2013 at 3:13 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
BMW 7 Series, Car Leasing, Sedan
#294 of 599 Re: BMW 750 Li 2009, need advice [bmwduder]
May 18, 2009 (12:44 pm)
You got killed on that deal, 1700 a month?
I have an 08 loaded w/ sport on a 3 year/15k with 0 down and I'm paying a little under 1200 a month. It looks as if your lease is even longer than 36 mos if it doesn't go back till june of next year. Its going to take you offering it for 600-700 a month less than your payment to make it even attractive to someone willing to take over a lease. Just go look on leasetrader....
#295 of 599 2009 750 LI Lease
May 29, 2009 (5:23 am)
I would like your input on a price I have been offered. Here are the specs :
36 month lease, 12000miles/yr
MSRP - 103520, selling price - 102500, money factor - .0013, residual - 46445
Should I not put money down, should i be getting a better deal? The dealer states this is a great deal and it ends tomorrow (saturday may 30th).
I am also thinking about just buying it. What do you think? Thanks for the input and advice.
#296 of 599 Re: 2009 750 LI Lease [fabgreg]
May 30, 2009 (1:13 pm)
In my own experience with new 7 , you are not been given a good deal...rather its quite a rip off!!! .....
BMW is not offering any Lease support on new 7 , so buying is better than leasing this one.......
If you buy, ( which I think you should ), you should be paying around 1500-2000$ above INVOICE price......that means about at least 4-5 K less than the MSRP...
I got 750 Li in April, ( car coming in 2 weeks ), and paid 2000 $ above invoice.....
DONOT Put any money down., if you are leasing ....
hope it helps ...
#297 of 599 Re: 2009 750 LI Lease [hamin]
May 30, 2009 (9:46 pm)
Thanks for the advice. I will let you know how it works out.. How long does it take to come in when you order? 8 weeks?
#298 of 599 Re: 2009 750 LI Lease [fabgreg]
May 31, 2009 (7:50 am)
I placed order in second week of April and will get it around first week of June....
I did shop around on internet/ email .......and did get a better deal out of my home town......., so will be going there to pick the car.......
plz do shop around......, email is the best to negotiate
#299 of 599 Re: BMW 750 Li 2009, need advice [hamin]
Jun 29, 2009 (11:41 pm)
I am a new user on this board and in the market of 09 750 LI. Looks like you got a good deal. The dealer in houston says there is no rebates or credits. Can you share the dealership and town you bought it.
Jul 03, 2009 (1:16 pm)
Just negotiated a 36 months lease for my parents on an '09 750Li: Convenience, Camera, Luxury Seating, Premium Sound, 19" wheels and satellite radio. MSRP $94,870, negotiated cap cost $90,050.
Current lease program runs MF of .0009 and residual of 47% with 12,000 miles per year, so monthly payment at $1,084.00; $6,531.86 up front including 7% NJ sales tax and first payment.
#301 of 599 Re: Data Point [arkay402]
Jul 05, 2009 (9:21 pm)
Thanks but i don't understand the math. 90050 Cap cost. 53% of that is 47726. Less your DP 6500 leaves 41226 divided by 36 leave payment of 1145 plus tax. No taking into account MF of .009. Am I not understanding something here.
#302 of 599 Re: Data Point [ar1]
by kyfdx HOST
Jul 06, 2009 (4:09 am)
The residual amount is 47% of MSRP, not of the CAP cost.. I didn't crunch the numbers, but that will change your depreciation calculation by about $60/mo, right there..
#303 of 599 Re: Data Point [arkay402]
Jul 06, 2009 (5:41 am)
I have been buying BMW 7 series fully loaded since the 90's. I live in SI but lease all my cars in NJ. I have always leased from Open Road thru a "gentleman" named Jerry Cohen, not your typical salesman! I do get a price from him and always check around for a better deal, to date I have not found any other dealer who could even come close. Extremely happy with service department, but Mr. Cohen is a extreme pleasure to deal with. My 07 lease expires in October, so I will again be in the market. Give them a call, more specifically Jerry, you have nothing to loose.