Fair price for 2012 model?

[tico1028]

Hey guys, I currently have a 2011 M3, but I'm looking to lease a 2012 7-series. I don't really know what's a "good deal" or not. Here's what my lease looks like:

2012 750li
36 mo, 12k miles/year
Msrp: a hair over 90k
No options, no special color.
$1192/mo with about $3k down.
Monthly payments are all-in.

Thoughts?

[Djvolume]

Originally Posted by tico1028

Hey guys, I currently have a 2011 M3, but I'm looking to lease a 2012 7-series. I don't really know what's a "good deal" or not. Here's what my lease looks like:

2012 750li
36 mo, 12k miles/year
Msrp: a hair over 90k
No options, no special color.
$1192/mo with about $3k down.
Monthly payments are all-in.

Thoughts?

Shitty deal I got a2011 104 msrp 0 down 1400 a month

[NlckyBlack]

Originally Posted by Djvolume

Shitty deal I got a2011 104 msrp 0 down 1400 a month

Not exactly the steal of the century deal either

[BMWrules7]

Originally Posted by NlckyBlack

Not exactly the steal of the century deal either

Considering my 2011 was significantly more per month with zero down and nearly the same msrp, I would say he got a fine deal.

My dealer knows I have lollipops on my cheeks.

[cracker123]

Originally Posted by tico1028

Hey guys, I currently have a 2011 M3, but I'm looking to lease a 2012 7-series. I don't really know what's a "good deal" or not. Here's what my lease looks like:

2012 750li
36 mo, 12k miles/year
Msrp: a hair over 90k
No options, no special color.
$1192/mo with about $3k down.
Monthly payments are all-in.

Thoughts?

1. Run from this deal you are getting ripped off. Today I can get the above deal for $1078.38 (Including Florida Taxes) with a $1K down. So over the term of the deal you will be paying ~$6000 more than what you can really get this car for.
2. The 2013 models are getting a LCI which means BMW will have incentives in the next month or few weeks on the 2012 models which means even higher savings.

I can get the car for $500 over invoice + 62% residual + .00208 MF (Dealer markup included) from a florida dealer.

[TomasCro]

hi im sorry for droping in like this , im from europe we dont have this kind a leases here so i dont understand if someone can explain. Basicly you rent a car for a year? You pay monthly rent and then return the car after a year or what? i dont understand how this sytem works:P ty very much

[Djvolume]

Originally Posted by TomasCro

hi im sorry for droping in like this , im from europe we dont have this kind a leases here so i dont understand if someone can explain. Basicly you rent a car for a year? You pay monthly rent and then return the car after a year or what? i dont understand how this sytem works:P ty very much

Do you guys have google in Europe? Don't wanna sound like a d*ck but I'm sure it will help you understand better

[rondocap]

Ha

[Fastbuck]

Originally Posted by Djvolume

Do you guys have google in Europe? Don't wanna sound like a d*ck but I'm sure it will help you understand better

Fail

[NlckyBlack]

Originally Posted by BMWrules7

Considering my 2011 was significantly more per month with zero down and nearly the same msrp, I would say he got a fine deal.

My dealer knows I have lollipops on my cheeks.

Comparing one bad deal to a worse deal doesn't make it a good deal.

[Salespunk]

BMW USA is showing $975/mo with $5K drive off right now which means that you should be able to get the $975 for near zero down.

[Djvolume]

Originally Posted by Fastbuck

Fail

Fastback why don't u explain us then

[Fastbuck]

Originally Posted by Djvolume

Fastback why don't u explain us then

Basically, you could post your crass comment in response to 95% of the posts here. If it bothers you that someone posts a question that YOU think is dumb, then let it go.

[Djvolume]

Originally Posted by Fastbuck

Basically, you could post your crass comment in response to 95% of the posts here. If it bothers you that someone posts a question that YOU think is dumb, then let it go.

I don't think it's dumb at all for someone who is unfamiliar with leasing google is a best way, but it seems like u can't explain either

[BMWrules7]

Originally Posted by NlckyBlack

Comparing one bad deal to a worse deal doesn't make it a good deal.

To the contrary, it most certainly does! Lol!

[FadeToBlack]

Originally Posted by Djvolume

I don't think it's dumb at all for someone who is unfamiliar with leasing google is a best way, but it seems like u can't explain either

DB comment.

Leasing in Europe is different than US in terms of numbers, so instead of trying to look smart, actually try to explain. Look it up. Try Google.

And to answer the question: yes, in the US it's more like renting. The residuals fluctuate depending on mileage and year, whilst in Europe for the most part are fixed no matter what.