What's a good lease price for a 740i? Help!

[Padfan9]

Hi - I own an M5 and I'm trying to get my mom a great deal on a 2021 740i lease.

MSRP: 94,745

36 month lease, 10k miles per year

5k down max

What is a really good deal? Current offer is roughly $1,050 including tax per month.

[Lawguy]

You might want to reach out with a private message to Next Level Auto Brokers. He posts on the M5 boards about leases. I talked to him a couple of times and he had far better numbers than the dealer and can get all the different BMW models.

[Malu59RT]

https://forum.leasehackr.com/c/marketplace/7

Lots of brokers post here, and can help you find a good deal. Never put money down, roll it into the monthly payment. You can pay MSD's that help lower the MF, but you get that money back at the end of the lease.

Hope this helps!

An example calculator, you can adjust to find what works:

Calculator

[Padfan9]

Originally Posted by Malu59RT

https://forum.leasehackr.com/c/marketplace/7

Lots of brokers post here, and can help you find a good deal. Never put money down, roll it into the monthly payment. You can pay MSD's that help lower the MF, but you get that money back at the end of the lease.

Hope this helps!

An example calculator, you can adjust to find what works:

Calculator

Thank you. Any chance you could give me a number you think is a good deal? We are returning a car early, with 4-5 payments left, so we need to get it from this Bmw dealership. Trying to figure out where I should land.

Returning our lease that is up in May, $586 is currently monthly payment. MSRP on 2021 740i is $94,760 and it will be a 36 month lease with 10k miles per year.

If we put down 3k to cover drive off etc, what is a good payment? I'm not 100% sure what the current money factor is.

[davecraze]

You can likely do ~150-200/month better than that from one of the brokers on LeaseHackr (including Next Level Auto Brokers). You will need to find one that covers your part of the country.

Examples:

https://docs.google.com/spreadsheets...gid=1911616781

[Padfan9]

Originally Posted by davecraze

You can likely do ~150-200/month better than that from one of the brokers on LeaseHackr (including Next Level Auto Brokers). You will need to find one that covers your part of the country.

Examples:

https://docs.google.com/spreadsheets...gid=1911616781

I got $1250 a month for a 750i at 119k msrp 5k down and 10/36.

[Al Pinã]

Whatever you decide, just make sure you never put money down to decrease your lease payment. MSD's are one thing, but plunking down cash is risky because you lose it all if the car is ever wrecked and totaled.

[Padfan9]

Originally Posted by ALPINA_DREAMS

Whatever you decide, just make sure you never put money down to decrease your lease payment. MSD's are one thing, but plunking down cash is risky because you lose it all if the car is ever wrecked and totaled.

Yes, true. I have gap coverage, but anything under 5k isn't a huge deal to put down... I've heard of ppl putting down 30-40k, crazy...

I asked about MSD, nobody had any idea what I was talking about.

[Kmish]

Originally Posted by Padfan9

Yes, true. I have gap coverage, but anything under 5k isn't a huge deal to put down... I've heard of ppl putting down 30-40k, crazy...

I asked about MSD, nobody had any idea what I was talking about.

You miss the point. You can only lose money by putting money down on a lease.
If you have a total loss before your lease is up, you lose the pro rata portion of your capital cost reduction. There is no incentive to apply capital cost reduction, only disincentive.

[Padfan9]

Originally Posted by Kmish

You miss the point. You can only lose money by putting money down on a lease.
If you have a total loss before your lease is up, you lose the pro rata portion of your capital cost reduction. There is no incentive to apply capital cost reduction, only disincentive.

Ok, but if your don't total your car, which I hope doesn't happen of course, then I don't see it as a mistake. I get it.

[SW17LS]

Basically, you take that $5,000 and divide it by 36, you get $138.89. Add that to your payment and you get $1,388.89 which would be your payment with $0 drive off. Putting money down is just prepaying rent.

Take the $5,000 and put it in a savings account and pay $138.89 of the payment out of it every month, the cost is the same without the downside risk of losing the downpayment.

Putting anything down on a lease is a mistake because putting that money at risk provides you no benefit.

[Al Pinã]

Originally Posted by SW17LS

Basically, you take that $5,000 and divide it by 36, you get $138.89. Add that to your payment and you get $1,388.89 which would be your payment with $0 drive off. Putting money down is just prepaying rent.

Take the $5,000 and put it in a savings account and pay $138.89 of the payment out of it every month, the cost is the same without the downside risk of losing the downpayment.

Putting anything down on a lease is a mistake because putting that money at risk provides you no benefit.

Very well said. I've tried to get this point across to many others with mixed results.

You're literally better off putting the money in a shoebox under your bed than giving it to BMW Financial upfront.

[SW17LS]

I use the apartment analogy. If you were renting an apartment would it ever occur to you to prepay rent upfront so the monthly rent is less? No. When you lease a car essentially, you are renting it.