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BMW 7 Series, Car Leasing, Sedan
Sep 11, 2009 (8:13 am)
I am currently leasing a 2007 750 LI with only 12,000 miles on it, the lease expires mid October. I have dealt with my current dealership in NJ since the early 90's, leasing every 3 years. I have been 100% happy with all my 7 series BMW's, as well as the dealership/salesman. When inquiring regarding the exact same features in the 2010 BMW 750 LI with AWD, I have been told that my lease would go up approximately + $326 more than what I am paying now which is $1020 = $1346 monthly for 3 years. Currently have 12,000 miles yearly, would go down to the minimum mileage, as I don't put on the high mileage any more. I am totally disappointed, but I will start looking for other vehicles pronto ~ 2010 Lexus 460 L AWD, 2010 Audi A8 - any suggestions?
In this day of recession how is it possible for a vehicle to jump this much in price? What ever happened to BMW customer loyalty! Thank you for your imput -
#312 of 653 Re: 7 SERIES 2010 [maxandmatt2]
Sep 11, 2009 (8:44 am)
The problem is the recession - price has not jumped - lease rates have. Default rates are up, residual values are down, so lease rates are up. If there wasn't a recession, lease rates would be better.
As to BMW customer loyalty, there is a $3,000 incentive for prior BMW leasing clients.
#313 of 653 New 7 Series Loyalty?
Sep 11, 2009 (4:26 pm)
I'm currently leasing a BMW and looking to get into a new 2010 750i. On MSRP of about $94K, they were offering a discount of $1,000. 24 month with $5k down was $2250 a month with 12k miles a year. My lease is up this month so I was hoping there may be loyalty money that I have read on previous posts. Any luck? Is this a deal? I live in Austin, TX. A colleague of mine was also talking about some sort of pre-paid lease where you make all payments up front to get a better deal. Sounds risky? Does the $3,000 incentive still exist this month as posted in an ealier post?
#314 of 653 BMW 750 Lease
Sep 15, 2009 (3:58 pm)
I just wanted to give everyone an update on my experience in Virginia. I have a 2007 BMW 530xi coming off lease in the next month or so. Although I was happy with my car, I was looking to upgrade. I was really just looking to get another one but there was a 2009 750 loaded and on the lot. The dealership was ready to deal. It was fully loaded for an MSRP of 96,000. They were willing to take 4000 off sticker, plus 3000 off loyalty for a lease, so I was basically getting the car at invoice. I though long and hard, even drove it for a few days, and it is as advertised and then some. However, though the lease rates seemed OK, the residual was 47%, and it still added up to $1568/month. The bottom line was I found it hard to justify leasing a car with that much depreciation. I have always felt that the 5 series was the perfect balance between the 3-series (too small) and the 7-series (too big), as well as making more sense if the cost to benefit ratio. I finally settled on the 550.
Sep 19, 2009 (3:48 pm)
Looking to get rid of my 2006 750i. Drove by dealer and stopped in. 2009 750i is amazing. First price from the sales person (this is in Los Angeles, by the way) was $3500 down, 12k miles, 36 months, $1375/month including tax. The only thing the car didn't have was rear entertainment (don't care). Does this sound good? I'm figuring I can get him down to about $1300 per month. The money factor is .9 but I don't know what that means. I have no interest in buying the car later. Help appreciated.
#316 of 653 Re: New 7 Series Loyalty? [xlr8n]
Sep 28, 2009 (2:31 am)
Hi xlr8n. The dealer is only offering you a $1,000 discount on this car? Given the fact that this car has $6,000 loyalty cash on top of a sizable dealer margin I personally would want much more than a grand knocked off of the price if I was in the market for a 750i.
Prices Paid: Buying & Leasing Experiences Forum
Sep 30, 2009 (9:46 pm)
I'm looking at a 750Lxi with an MSRP of $107,608.
Looking for a 2 year lease *possible 3 year* here in Utah. $5k down and 12,000 miles a year.....What would be a good monthly pricing point? I've NO interest in purchasing the vehicle at the end of the lease and will mostly likely get a different car when the lease is finished. I'm VERY new to the leasing strategy but it seems the best bet for me.
#318 of 653 Re: 2009 750i [hobsfla]
Oct 01, 2009 (4:24 am)
This would be $1480.00 with no $$ down. Theres no bargain here. A residual of 47% puts you at a disadvantage with your monthly.
#319 of 653 Re: Help! [coogiman]
Oct 01, 2009 (4:26 am)
A two year lease on a 750 with an MSRP of $107,608 and e soft residual will cost you more than a house! At the very least, look at a 3 year lease.
Oct 02, 2009 (1:58 am)
Hi coogiman. I see that you are considering making a $5,000 down payment on your lease. Even though your monthly payment would be a little higher, you would be better off going with a zero down lease. I always advise consumers not to make any capitalized cost reduction when leasing because those who make one risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered.
I would be happy to work up a sample lease payment on this car for you. Have you entered into any negotiations yet or do you have a target selling price? I ask because I need a selling price to calculate this car's monthly payment. If not, I can come up with an approximate selling price that we can use in our calculations. I just need to know if you are a returning BMW Financial Services lessee. It makes a difference because BMW is providing a ton of loyalty cash on leases of this car right now.
Prices Paid: Buying & Leasing Experiences Forum