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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 2 of 60

#10 of 599 Any advice car_man? by enemeneminemo

Nov 25, 2005 (12:03 pm)

I recently spoke with a BMW dealer here in the Los Angeles area and was very specific with him about the type of packages I wanted with my BMW--(luxury seating, 19 inch wheels, and premium sound package). He stated he could call around to see if there were any cars with my exact specification, but went on to mention that he had a car on the lot with all of my specifications plus a few more additions that would bring the price up a couple of thousand -- from the approximate 81 000 msrp that i calculated to about 83 000.
 
The best he could do was offer me a car 2000 dollars below the msrp and he offered a money factor of 0.00265 with a car residual value of 61% on a 36 month 12000 miles a year lease.
 
Is this a fair deal? Is the dealership able to compromise on the money factor to the 0.0025 rate that you quoted earlier? Do you think it is unreasonable to ask for 3000 below msrp on a 81 000 -83000 car?
 
Lastly, does it make more sense to put more money down or the least amount of money down when leasing? Is this down payment also negotiable? I do not plan on purchasing the car at the end of the lease.
 
Thanks again for your help car_man

#11 of 599 HELP ME AVOID THE DEALER TRICKS by enemeneminemo

Nov 28, 2005 (3:59 am)

Other than making sure the dealer uses the .0025 money factor and the 60% residual value on a 3 yr 12000 mile a year lease, are there any other tricks or add on prices I should be aware of?
 
Is this time of year a good time to negotiate or might there be a better time?
 
What is a reasonable negotiable price over invoice i should ask for?
 
thanks alot
any help would be appreciated

#12 of 599 Re: thanks car_man [enemeneminemo] by Car_man HOST

Dec 07, 2005 (4:41 am)

Replying to: enemeneminemo (Nov 21, 2005 12:26 pm)
You're very welcome, enemeneminemo. I'm glad that I was able to help you out.
 
Car_man
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#13 of 599 Re: Any advice car_man? [enemeneminemo] by Car_man HOST

Dec 07, 2005 (4:49 am)

Replying to: enemeneminemo (Nov 25, 2005 12:03 pm)
Hey enemeneminemo. I am not personally all that familiar with what the market is like for the BMW 7-Series right now. I can tell you that a base 2006 BMW 750i has a spread of over $6,000 between its MSRP and sealer invoice prices. As you can see, there is a lot of room to negotiate the deal that you were quoted. The fact that you are in near Los Angeles definitely works to your advantage. There is a lot of competition between dealers in your area. I would comparison shop with a few dealers to make sure that I was getting the best possible price if I was in your situation. You may also want to stop by the following discussion to see how much other community members have paid for similar cars: lee_w, "BMW 7-Series: Prices Paid & Buying Experience" #, 10 Aug 2004 5:46 am.
 
As far as the money factor goes, you need to pay a security deposit equivalent to your car's monthly payment rounded up to the nearest $50 increment to get the factor that I mentioned earlier. Your car's factor will be slightly higher if you opt to have your security deposit waived.
 
I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your 7-Series would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.
 
Car_man
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#14 of 599 Re: BMW 7-Series: Lease Questions [Car_man] by 9284life

Feb 04, 2006 (10:06 pm)

Replying to: Car_man (Aug 31, 2005 3:13 am)
Hello Car_man!
 
I have a couple of questions regarding a 2005 745Li that I am in the process of trying to lease. The asking price for the car is $66,989 and car is Orient Blue Metallic with Beige Leather and has the convenience package, luxury seating package, premium sound package, heated steering wheel, rear & sid sunshades, satellite radio, and 19 inch wheels. What price should I negoiate as the lease price?
 
What would be a good lease money factor for this car and what should the residual preentage be?
 
Thanks in advance for our assistance.

#15 of 599 Re: BMW 7-Series: Lease Questions [9284life] by bdr127

Feb 05, 2006 (7:41 pm)

Replying to: 9284life (Feb 04, 2006 10:06 pm)
Can you still lease the 2005 7-series? I thought only the 2006 was available to lease....

#16 of 599 2005 745Li Lease Questions by 9284life

Feb 05, 2006 (8:50 pm)

I am not leasing through BMW Finance, but through my Credit Union which allows leases back to 2002 vehicles.

#17 of 599 Re: BMW 7-Series: Lease Questions [9284life] by Car_man HOST

Feb 09, 2006 (3:42 am)

Replying to: 9284life (Feb 04, 2006 10:06 pm)
Hello 9284life. I am sorry to say that BMW is no longer providing any sort of lease support on 2005 7-Series models. If you want to lease an '05, you will have to do so through an independent bank. Id does have lease support on '06 7-Series models. If you decide that you want one, you're in luck because BMW just enhanced its lease program on this car for the month of February. The exact parameters of its lease program will vary depending upon how long you lease it for and how many miles per year you need to be able to drive. Since you never mentioned either of these things, for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. If you were to lease a 2006 BMW 750Li through BMW Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00200 and 58%, respectively. As far as how much you should pay for this car goes, you may be able to get an idea by visiting the following discussion: "BMW 7-Series: Prices Paid & Buying Experience".
 
Car_man
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#18 of 599 Re: BMW 7-Series: Lease Questions [Car_man] by bdr127

Feb 09, 2006 (10:04 am)

Replying to: Car_man (Feb 09, 2006 3:42 am)
Yeah, like car_man said, the 7-series lease for this month is probably the best it's ever been... I'd personally look into a brand new 2006 7 lease rather than the 2005. Plus, the back-end of the 06 is soooo much better than the 05.

#19 of 599 Re: BMW 7-Series: Lease Questions [bdr127] by 9284life

Feb 09, 2006 (6:41 pm)

Replying to: bdr127 (Feb 09, 2006 10:04 am)
Thanks for the advice and information. I will now look at leasing a 2006 7-series.

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