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  1. #1
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    Yes | No

    F01 Residuals... Painful

    Talked to my dealer today and was given the just released 24-month residuals on the new 7... 49% on the SWB and 50% on the LWB.

    Ouch.<small>
    '08 BMW 650i | TitaniumSilver/Black
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  2. #2
    MBkiller
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    Yes | No

    But...

    It seems there is a special money factor rate for returning 7-series customers.

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    Yes, but still...

    A 24 month lease on a $96K car was something like $2400/month.<small>
    '08 BMW 650i | TitaniumSilver/Black
    '07 BMW X5 4.8i | SpaceGray/Black
    '09 BMW 328xiT | AlpineWhite/Saddle [on order]

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    That stinks. I hope that is wrong


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    Yes | No

    It's not, here's the info...

    Rates and residuals are out. 50% on 24mo and 45% on 36mo. That's for 15K/yr. Add 2% for 12K and 3% for 10K. Base rate is 0.0026, but there is a special rate for returning 7 series customers, 0.0009. So the rate is awesome, but the residuals stink.

    In fairness, the residuals are more in line with what they should be. They were unrealistically generous before, and as a result BMW is taking a huge bath on lease turn ins. Returning customers should expect their payment to be at least $300 more per month, and much higher depending on how you equip the car (as the prices have gone up) and the terms and mileage of the lease. Even with the promotional rate, I'm looking at about a $400-600 increase from my current car depending on how much the dealer will discount the new car.

    The higher payments and the drowning economy don't bode well for sales.

  6. #6
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    I think I will pass on the 7 I ordered:(


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    My numbers...

    Now, granted, these weren't set in stone numbers (instead, just a rounded up estimate given in conversation with a buddy at the dealership), but I was quoted $2400 on a 24 month lease with no money down and 15K miles per year. If you use any of the available lease calculators online, it's right near that, so I don't think that's way off.

    When I had my last 7, which was similarly equipped (loaded SWB Sport) to the '09 car that I spec'd, the same lease was just under $1400. I'm not sure how I feel about the '09 anyway (need to SEE one), but I can tell you that it's not worth an additional $1000/month to me, that's for sure.

    That said, I would assume that the residuals will normalize a bit after a few months in production. The X6 5.0i (which I have been eyeing, too) went from a 49% residual LAST month (on a 24 month lease) to 62% this month. Craziness.<small>
    '08 BMW 650i | TitaniumSilver/Black
    '07 BMW X5 4.8i | SpaceGray/Black
    '09 BMW 328xiT | AlpineWhite/Saddle [on order]

  8. #8
    Kung J Lee
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    Re: F01 Residuals... Painful

    Would buying it be an attractive option than leasing in this case? At least no time confrain.

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