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7 Series - F01 / F02 (2009 - current)
The new re-designed 7 series F01 / F02 leads off the BMW Fxx chassis code!

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  #1  
Old 03-21-2013, 03:41 PM
gustovier gustovier is offline
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Wise decision? Lease new 2k3 or buyout

All,

I'm pretty sure I know the answer here, but just wanted to make sure I'm not missing anything.

My 2010 750xi Lease is up here next month. I have dealer playing ball with me to sell it far below residual, I only have 40k miles on it and the warranty doesn't expire till 50k/April 2014. I can have them CPO it to add more to the warranty and with taxes it comes to bout $46k total. I'll prob put about $5k upfront. Brings payment to around $878 because of the 0.9%APR with the CPO

The other option is a new 2013 750xi that I've been able to get to about $1050/month with $5k out the door (this includes paying my taxes up front). This car is a beauty White ext /black interior (a little scared of white, never did it before always black and space grey), and it has executive package & msport so it has a couple of things that mine doesn't(HUD, black ceramic controls, leather instrument, everything else I have in my current 7)

Now even though there's a brand spanking new 2013 in front of me with the nice new car smell, I'm thinking financially it just doesn't make sense given just the minor improvements between 2010-13. It will financially make better sense to keep my 2010 for at least 4 years, and sell it back and at least get a little equity out of it when I go to purchase what I hope should be a new body style in 2017 (I think its due 2015). Maybe even get rid of it in 2016 :-)

Any thoughts here guys on what I might not be thinking of?
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  #2  
Old 03-21-2013, 05:59 PM
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1bad540 1bad540 is offline
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Well it's a 2010 with 40k miles so fair to say in another 3 yrs it will have 80k, fair also to say it will maybe be worth 20k. So it will cost you 26 k to drive the car another 3 yrs.
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  #3  
Old 03-21-2013, 06:17 PM
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ChrisF01 ChrisF01 is offline
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From having a '12, (at least to me) it was a worthy upgrade going to a '13.

Financially it's a better decision, if you're happy with the car, and it hasn't stranded you, keep it.

What's worth more to you, slightly polished or cheaper?
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Last edited by ChrisF01; 03-21-2013 at 06:19 PM.
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  #4  
Old 03-21-2013, 06:56 PM
chrischeung chrischeung is online now
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Get the 2013. You can always make more money - but you won't be able to buy back this experience.
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3/12 ED 7 - thread ID 610350
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  #5  
Old 03-21-2013, 06:57 PM
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Individual750LI Individual750LI is offline
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My payment on my new 7 is around 500 more since I have negative equity on my previous 7. But the difference between the 2 doesn't make me look back once.
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  #6  
Old 03-21-2013, 07:22 PM
gustovier gustovier is offline
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I know there have been some little engine/transmisson changes and the idrive updates but What really about the 10 to 2013 makes it that much more of a better experience?

I think I'm leaning towards just buying mine out and hold fast til the redesign comes out (+1 year) and then I can truly feel like I have a new car with a truly new experience and save myself about 10k in the process. I can just see where I can find me a used sport steering wheel and airbag to hold me over (anybody have suggestions on where to look? eBay probably)
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  #7  
Old 03-22-2013, 12:39 AM
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ChrisF01 ChrisF01 is offline
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Quote:
Originally Posted by gustovier View Post
I know there have been some little engine/transmisson changes and the idrive updates but What really about the 10 to 2013 makes it that much more of a better experience?

I think I'm leaning towards just buying mine out and hold fast til the redesign comes out (+1 year) and then I can truly feel like I have a new car with a truly new experience and save myself about 10k in the process. I can just see where I can find me a used sport steering wheel and airbag to hold me over (anybody have suggestions on where to look? eBay probably)
Then go ahead and keep her, if anything you could wait out till the 2nd model year. That would give you your money's worth out of it, and you could avoid a lot of first model year glitches/quality issues. I'll be at your point in early 16/late 15 (if pull ahead is offered). I say this now in the honeymoon phase, but I'm not sure if I would want to give up this car, its just that fantastic. I wish I'd have gotten this car in the first place, ordered it exactly how I wanted it.
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Last edited by ChrisF01; 03-22-2013 at 12:42 AM.
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  #8  
Old 03-22-2013, 01:42 AM
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Individual750LI Individual750LI is offline
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Pull ahead should be in dec. I am ready for the g11!!
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  #9  
Old 03-23-2013, 12:20 PM
sdadept sdadept is offline
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Quote:
Originally Posted by gustovier View Post
All,

I'm pretty sure I know the answer here, but just wanted to make sure I'm not missing anything.

My 2010 750xi Lease is up here next month. I have dealer playing ball with me to sell it far below residual, I only have 40k miles on it and the warranty doesn't expire till 50k/April 2014. I can have them CPO it to add more to the warranty and with taxes it comes to bout $46k total. I'll prob put about $5k upfront. Brings payment to around $878 because of the 0.9%APR with the CPO

The other option is a new 2013 750xi that I've been able to get to about $1050/month with $5k out the door (this includes paying my taxes up front). This car is a beauty White ext /black interior (a little scared of white, never did it before always black and space grey), and it has executive package & msport so it has a couple of things that mine doesn't(HUD, black ceramic controls, leather instrument, everything else I have in my current 7)

Now even though there's a brand spanking new 2013 in front of me with the nice new car smell, I'm thinking financially it just doesn't make sense given just the minor improvements between 2010-13. It will financially make better sense to keep my 2010 for at least 4 years, and sell it back and at least get a little equity out of it when I go to purchase what I hope should be a new body style in 2017 (I think its due 2015). Maybe even get rid of it in 2016 :-)

Any thoughts here guys on what I might not be thinking of?
CPO warranties aren't the same as new car warranties and you should check the details on that carefully. The warranty reason alone would be enough for me to take the new car.

also, the 2013's have the mid cycle refresh with 50 more hp in the motor and several other enhancements. I would take the 2013 easily.
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  #10  
Old 03-23-2013, 02:05 PM
gustovier gustovier is offline
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Location: Chicago
 
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Mein Auto: 325ci
Quote:
Originally Posted by sdadept View Post
CPO warranties aren't the same as new car warranties and you should check the details on that carefully. The warranty reason alone would be enough for me to take the new car.

also, the 2013's have the mid cycle refresh with 50 more hp in the motor and several other enhancements. I would take the 2013 easily.
I'm going to go buy it. I still have full warranty for another year/10k miles. The cpo warranty will cover pretty much everything that will break down. I have the option of extending out Maint for a cost as well(just got all the breaks redone as well, it was covered). I save myself a a couple hundred bucks a month and will have a little bit of equity pull out of it when it's time to sell once the redesign comes out. If for some reason pirorities in my life change i also have the option of just keeping it once paid off and then have no car note. The lease option doesn't offer any of this except of course the relatively minor upgrades and new car smell. It sure was tough battling my desire just for a new toy though. Lol.
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  #11  
Old 03-24-2013, 08:22 AM
mikeriley mikeriley is offline
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what dealer were you working with? how was your experience?
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  #12  
Old 03-24-2013, 09:28 AM
gustovier gustovier is offline
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Location: Chicago
 
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Mein Auto: 325ci
Quote:
Originally Posted by mikeriley View Post
what dealer were you working with? how was your experience?
I'm in Chicagoland area. Fields gave me best price on getting my own car below residual. Laurel gave me best deal for new. I leased originally through laurel and they treated me well. But in the end the numbers win for me. I talked to every delear within 150mile radius (and New York this time). Who ever gives the best numbers wins.
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