Ask the Car People.SM


BMW 7-Series Lease Questions

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

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 54 of 60

#531 of 599 Re: CarMan - Sept MF and Residuals? [gryan] by diononiz

Sep 06, 2012 (7:01 am)

Replying to: gryan (Sep 05, 2012 7:14 am)
I noticed the price on the bmwusa.com site dropped from 869 to 799. Do you happen to know if the rate or residual changed? Or is there more options credit available?

#532 of 599 2013 740i vs 2012 750i by miamivicing

Sep 08, 2012 (7:29 pm)

X5 lease is almost up and I am in the market for a 7 series. Decided to forget the 2012 750i and go for a 740i. Reasons: despite the huge discounts (incl $7k option credit) and low MF for 2012 750, BMW is currently offering this month a free M kit upgrade (a nice $4,800 credit, although it cost add $1,300 for 20' wheels that are a must to complete the M look) on the 2013, $750 in loyalty, $700 credit voucher from the iphone/ipad app, and not that bad of an adj cap cost. The 2013 also offers the LED pkg (and I am sick of yellow angel eyes like on the 2012 750, it looks too old), engine and computer upgrades giving more HP than 2012 models and with a small aftermarket upgrade incl a K/N air filter dropped in place of stock, losing the cat with some straight pipes and a minor software upgrade - this car will rock at 400+ HP! An extra kicker, on either 2013 model (750/740), you get an additional 2 miles in gas mileage (which gives me 4 extra miles on the decision of a 2013 740 over the 2012 750 - 19MPG sounds great, better my current hog). As far the choice, I guess I'm sold.
 
Now the issue: 3.48% interest or .00145 MF . The plan - CARMAN - I need to order this car b.c it doesn't exist exactly how I want it. Salesman said I can order now and lock in the residual (56%, which should only go down in time) and the current incentives. And, if in the next 8 weeks it takes to produce the car a better MF or credits come out, I can keep all the good and also have the new better credits/MF/benefit(s). Is this right? Also, when does the Winter event begin and do you think the MF will lower by Dec on this car? I'm thinking of ordering before end of this month before expiration of current credits and have production run into 1st week of Dec since the new rates usually come out in first week of the month. Pls share your thoughts with this plan, especially on whether I can expect more savings by Dec. Thanks.

#533 of 599 Re: CarMan - Sept MF and Residuals? [mkbond] by Car_man HOST

Sep 09, 2012 (7:41 am)

Replying to: mkbond (Sep 05, 2012 6:40 am)
Hey mkbond. BMW Financial Services' September buy rate lease money factor for all 2013 7-Series models is .00145. Its residual values for 36-month, 10,000 mile per year leases of these cars are as follows: 740i - 53%, 740Li - 53%, 750i - 55% and 750Li - 55%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#534 of 599 Re: CarMan - Sept MF and Residuals? [diononiz] by Car_man HOST

Sep 09, 2012 (7:44 am)

Replying to: diononiz (Sep 06, 2012 7:01 am)
Hi diononiz. The price drop on advertised leases of the 2013 model is probably a result of the fact that BMW began offering the M Sport Package for free on 2013 7-Series models in September. All future vehicles that are produced will include that option for free. If you are able to find one in stock that doesn't have that package it is eligible for $2,500.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#535 of 599 Re: 2013 740i vs 2012 750i [miamivicing] by kyfdx HOST

Sep 09, 2012 (7:49 am)

Replying to: miamivicing (Sep 08, 2012 7:29 pm)
And, if in the next 8 weeks it takes to produce the car a better MF or credits come out, I can keep all the good and also have the new better credits/MF/benefit(s). Is this right?
 
You can't pick and choose pieces of the program.... You have to take the good with the bad.. If they improve the MF and residual, but take away cash incentives, then you can't take the better stuff and keep the parts of the program that have been discontinued..
 
On the plus side, it can't get worse than the deal you've negotiated, so at least you have an upper cap...
 
regards,
kyfdx

#536 of 599 Re: 2013 740i vs 2012 750i [miamivicing] by Car_man HOST

Sep 09, 2012 (7:57 am)

Replying to: miamivicing (Sep 08, 2012 7:29 pm)
What you were told is correct, miamivicing. If you order your new car you can lock in the current lease program that is available on it and take advantage of either that program or the new one that is available when your car arrives if it is better. You cannot however mix and match different elements of the two programs. So, for example if BMW was to introduce an additional cash incentive on the 2013 7-Series, you would not be able to use that cash and the old lease program...you would have to use the new rates and residuals.
 
It's difficult to predict what automakers' future incentives programs will be like, but if I had to make an educated guess I would say that BMW's programs for December are likely to be fairly aggressive because they will likely be in a battle with Mercedes-Benz to see who sells the most vehicles for the year in the U.S.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#537 of 599 Re: 2013 740i vs 2012 750i [kyfdx] by miamivicing

Sep 09, 2012 (7:26 pm)

Replying to: kyfdx (Sep 09, 2012 7:49 am)
Thanks for your input. I understand these guy's need to make $, but not at the cost of a good customer (especially when I told the guy that I 'll also likely be getting my wife a 3 or 5 series in the coming weeks which is true). Sales tactics don't need to be fraudulent to be effective, but whatever, it all comes back to you.
 
You are right, the current terms can't get worse. I'll order the car by the end of the month, ensure I get the lowest number over invoice (which now is about $750, which I know for sure I can do better) and play the time game to see what benefits me most by the delivery date (after first week of Dec.). No matter what, the cap cost and residual won't change, which is most important. In looking at last year's deals on 7's, it appears the option $ is anywhere b/t a better MF (.00091) or $2.5k-$5k, which won't change much if the M kit option is taken away. I appreciate the info.

#538 of 599 Factory holdback by miamivicing

Sep 10, 2012 (2:31 pm)

Car MAN: Do you know what the factory holdback usually is for a 7 series? I know this usually comes in the form of a %, and since the salesman is crying about the dealership not making money except for any number over "invoice", I would like to tell him what I know the dealership gets on the back end. Also, on a 7 series that needs to be ordered, what number above invoice (as listed on Edmunds) should I be happy with accepting?

#539 of 599 Re: Factory holdback [miamivicing] by Car_man HOST

Sep 10, 2012 (3:46 pm)

Replying to: miamivicing (Sep 10, 2012 2:31 pm)
Hi miamivicing. Edmunds has an article about dealer holdback here:
 
http://www.edmunds.com/car-buying/dealer-holdback/
 
According to the article BMW technically does not have dealer holdback. Having said that, I'm sure that there is some back-end money that they get kicked back from their manufacturer...they just call it something else. Regardless of how much money the dealership is getting kicked back to it, you as a consumer are ultimately going to have to pay what the market dictates for the car that you want. I suspect that if you are in an area that has a decent level of competition that's probably $500 to $1,000 over invoice minus any available cash incentives at best on a new 7, but I am not intimately familiar with the market for it.
 
2013 7's have either $1,500 to $2,500 dealer cash or a free M Sport Package on them right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#540 of 599 Re: 2013 740i vs 2012 750i [miamivicing] by slickrich

Sep 26, 2012 (8:34 am)

Replying to: miamivicing (Sep 08, 2012 7:29 pm)
Miamivicing,
I'm looking for that $700 credit voucher for bmw iPhone/iPad that you mentioned but can't find it. Please let me know how you found it.

Messages Page 54 of 60

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement