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Sedans BMW 7-Series BMW 7-Series Lease Questions
346 messages, Last post on Dec 03, 2009 at 10:12 AM
You are in the BMW 7-Series Forum. Your Hosts are pat & karens
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a BMW 7-Series. Thanks. Car_man Host Smart Shopper / Prices Paid Forums
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Hi, I'd appreciate it if you could provide BMW's money factor and residual value for a 36 month lease on a 2006 BMW 750 and 760. Thanks, Steve |
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Hi Steve. Here is the information that you are looking for. If you were to lease a 2006 BMW 750i 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 .00250 and 60%, respectively. the numbers for an otherwise identical lease of a 2006 BMW 760i are .00280 and 50%. Car_man Host Smart Shopper / Prices Paid Forums |
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Car_Man, I have an interesting situation that I would appreciate some insight on. I have ordered a 2006 650CiC that will be delivered Nov 21, 05. I will be turning in a 2004 745Li to BMW Finance at the same dealer as the lease ends Nov 15, 06. Here is the interesting situation. I originally leased a 2002 745Li for 4 years. In 2004 they bought the 2002 back and gave me the 2004 due to the problems I had with the 2002. The lease remained in place and the residual value on the lease was left as that established based on the 2002 745Li 48 month (residual $45K). The 2004 has a much higher trade-in value than the residual. The dealer has offered to give me the difference between the residual value and what they determined to be the current trade-in value in cash or a pay down on the Adjust Cap. They have offered $52,750 as the trade-in value. They have also stated that if I sell the car between now and when I pick up the new vehicle they will honor the sale to the buyer at the price agreed and give me the creidt at the sale price less $500. If I find a buyer for the 2004 that will pay more than $52,750 they will sell it to them and eliminate me having to buy the car, pay sales tax and resell it. Is it pracitical for me to try to find a buyer under these circumstances? The car is prefect and is worth more than the $52,750 but is it worth my efforts to try to make a few thousand more on the deal??? Are there any red flags in this deal that I have not noticed??? Thanks, Steve LL Oconomowoc, Wi
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This certainly is an interesting situation, Steve. Even though I am sure having so many problems with your 2002 7-Series was really annoying, you are making out now by being able to buy your '04 model for the price of an '02. I'm surprised that BMW Financial Services would let this happen. I guess that's the price that BMW has to pay for selling you a messed up car in the first place. It sounds to me as though your dealer is willing to do a pass through so to speak and help you avoid paying sales tax on your 7-Series twice if you decide to sell it on your own for a $500 fee. While this technically really is not legal, this sort of thing happens all the time. If you can find a buyer who is willing to pay you substantially more for your current car than the dealer is willing to give you for it as a trade, this sort of deal might be worth your while. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: sltools (Nov 02, 2005 3:18 am) Your right .. this is a very interesting and "rare" situation ...... keep in mind the dealer has nothing to do with the lease .. it's between you and the lease company ... just make sure BMWF agree's with all of the figures and the residual is in play from the 02, etc etc .... As far as the trade figure (depending on the miles, color and the condition) $52,750 is a little on the low side .... Me personally.? .. I would run this dude down Retail Rd .. get with the detail gods, finish any service and run a big fat Ad, the Milwaukee area does big $$ on the big imports ..... $59,900 *asking* and wave bye bye at the first $57,9/$58,9 ... it's a rare situation you're in, you might as well take advantage of it ... Terry 
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hello car_man I have several questions if you dont mind... First, I am looking to lease a 750Li BMW with the luxury seating and entertainment packages; with the 19 inch tires. I was curious to know if you could work up a sample lease payment for me. I am interested in leasing for approximately 36 months 12000 miles a year. I am not sure exactly what the buy rate lease money factor is or what the residual value percentage would be. To be honest I am not sure how I would go about finding out what these values are. Secondly, are there any significant benefits to getting the sports package - if you buy the 19 inch wheels and are looking for a vehicle with a smooth ride. I am not sure exactly sure what the sports package adds-does it give the car more horsepower? Maybe this option isnt for me. It sounds like negotiating approximately 3000 dollars off the msrp is about as good as i am going to get on this vehicle? I am assuming tax on the car is not included in the msrp price and will factor in when the lease payment is determined--therefore i am wondering if it is better to lease a car in another state with lower sales tax rates. Are there other tricks I should look out for when negotiating the vehicle's price? ie will the dealer try to decrease the residual value in the calcualations or add other unnecessary charges? Does it cost more if they have to order the car for you? sincerely appreciated....
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Replying to: enemeneminemo (Nov 17, 2005 4:51 pm) The following discussion would be a better place for you to discuss the merits of various options for this car: "BMW 7-Series". $3,000 below MSRP is probably around $1,000 to $1,500 over dealer invoice, which is a reasonable price for this car. You're right, sales tax is not included in vehicles MSRPs. Unfortunately, you will not benefit from leasing your vehicle in a state that has a lower sales tax rate than your home state does. States prevent this sort of thing from happening by forcing consumers who purchase out of state to pay their home state's sales tax rate when they go to register their vehicle. Dealers do not have the authority to alter vehicles' residual values. They do however often have the authority to mark-up vehicle's money factors to add additional back-end profit to deals. Make sure that the base money factor that I mentioned earlier is being used to calculate your car's lease payment. While vehicles that are ordered do not cost any more, dealers prefer to sell vehicles that they already have in stock and are usually willing to discount vehicles that they already have more than one that they will have to order. Car_man Host Smart Shopper / Prices Paid Forums |
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thanks so much for all your helpful advice-- i think your advice about making sure the dealership is using a fair lease money factor is an important point that many people who are leasing cars probably dont even know or think about. thanks again
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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
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