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BMW 7 Series, Car Leasing, Sedan
#45 of 655 Re: I need some opinions on this lease [gjd2]
Oct 30, 2006 (2:48 am)
Hi gjd2. If you are talking about a 2006 model, the money factor that you were quoted is indeed too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 750Li is only .00200 with the payment of a security deposit at lease signing. It appears as though the dealer that you are working with is trying to mark your car's money factor up to add additional hidden back-end profit to your deal. They are trying to mark your car's acquisition fee up as well. BMW FS' base acquisition fee is only $625.
The selling price that you were quoted for this car isn't very good either. You aren't being given any sort of discount on this car. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I am not all that familiar with what the market is like for the 7-Series right now, but this late in the model year I would suspect that you should be given some sort of discount on a leftover 2006 model. Try stopping by the following discussion to see if any other community members have purchased similar cars lately: "BMW 7-Series: Prices Paid & Buying Experience".
Prices Paid Forum
Nov 11, 2006 (4:22 pm)
I am looking to lease a 2007 750 Li. Do you know the current money factor and residuals for November on a 36month 15K/yr lease? MSRP on the car is $91,000 and purchase price of $87,000. I was quoted a money factor of .0025 and residual of 58%... is this about right? Thanks
#47 of 655 Re: 2007 750Li [sjonas50]
Nov 28, 2006 (2:36 am)
Here's the information that you're looking for, sjonas50. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW 750Li with 15,000 miles per year are .00200 and 58%, respectively with the payment of a security deposit at lease signing. With the deposit waived, the money factor would be .00015 higher. I believe that it is automatically waived at no charge for returning lessees. It appears as though the dealer that you are working with is marking your car's buy rate up to add additional hidden back-end profit to your deal.
Prices Paid Forum
#48 of 655 Feburary lease #'s
Feb 05, 2007 (8:26 am)
Hi Car_man and everyone online,
Its my turn again! I was able to use this great forum last time I leased (Aug of 05 for an M45). I am getting ready to place my order for a 750LI and was wondering if you had the #'s for the 24 month program.
Thanks in advance!!
#49 of 655 Leasing used 745/750
Feb 07, 2007 (7:27 pm)
I have a few questions:
1. Does BMW allow leasing used 745/750s?
2. Is it true that BMW extended original manufacturer's warranty on 2001-2003 (does anyone know exact years) cars due to quality problems?
3. Does BMW extend original manufacturer's warranty for the duration of a second lease?
4. How much can I expect to pay a month for 2003 745i that retails for about $48,000 on a 36 months 0 down lease?
#50 of 655 Re: Leasing used 745/750 [eric312]
Feb 07, 2007 (9:03 pm)
1. You can lease a CPO 745/750 thru BMWFS.
2. BMW extended the NEW car warranty an additional 2yrs or 50k miles from the in service date for model years 02 and 03. Not so sure abt the 01s.
3. I dont think so - but if the vehicle has a CPO stamp, it automatically qualifies for a CPO extended warranty. The CPO warranty is not as solid as the NEW car warranty, but its still better than nothing
4. I have no clue - sorry. If you're looking at an 03, look for one that has a prod date of 7/03 or later.
#51 of 655 Advice for Lease on 2007 BMW 750Li
Feb 13, 2007 (10:16 am)
I am currently negotiating with a couple different Houston Tx dealerships on a 36mo, 15000mi/yr lease. MSRP w/options on the car is $86,690, but I worked the dealer down to $84,500+TTL. They are offering a residual of 58% and a MF of .0024. We pay 6.25% sales tax. The dealer wants first months payment of $1,458.30 + 182.50 (license/title fees) as down payment. Is this a good deal? Please help!
#52 of 655 Re: Advice for Lease on 2007 BMW 750Li [mdp61]
Feb 13, 2007 (9:28 pm)
Another Houston Leasing company you may try is Interstate Auto Leasing. Hope this helps. Good Luck!!
#53 of 655 Re: Advice for Lease on 2007 BMW 750Li [mdp61]
Feb 14, 2007 (3:10 pm)
I used an online lease calculator and came up with a monthly payment of $1,326.94 with the numbers you provided. I used an acquisition fee of $625 but the dealer can charge up to $825 (I think).
FWIW, you can put multiple security deposits to lower the money factor. I think you can put down a max of 7 security deposits. In most cases, this shaves off abt $40 from the monthly payment.
#54 of 655 Advice on 2007 750i Lease
Feb 22, 2007 (9:58 am)
I am new to the forum. It looks like a very valuable service. Can you please advise as to the current lease numbers (MF, Residual Value, expected CAP cost) for a 36 month lease, 10,000 miles/year on a 2007 750i.
The Retail value is $82,495 with the option I have selected.
From some recent posts I was expecting the following:
Residual Value: 61% of the Retail price
Cap Cost: I saw one post with a $4100 discount off Retail. For this car, that would be $78,395
Are these reasonable and attainable today? I am in the LA area.