Very good deals on a BMW 7-Series lease....!

[OdramaSwimLaden]

Just a heads up really. If anyone is interested the BMW 7-Series can be found on: http://www.contracthireandleasing.com/personal/car... . There are a number of companies on here who have the 7 for a very reasonable £399 pcm EXC VAT (company) and £478 INC VAT (personal). 6x23 or 4x35.

Not bad for a £60k+ car.

That is all (I have no affiliation to this site or anyone on there). It just struck me as quite cheap.

[christofmccracke]

Really good price!
Conciderimg a fiesta is about 250 a month

[CampDavid]

Last time someone (AB) posted a leasing deal for a 635D loads of people came on saying that if they had £80k they'd buy an Aston (with twice the leasing costs) or some kind of vintage Jag. Guessing this thread will go that way.

The deal that AB got was through a BMW main agent - I'm guessing that they may well be worth tapping up for a 7 series now as theyll be trying to get rid with a new model on the way

[SteveS Cup]

Blimey! That is cheap!

[Roger Dodger]

Yes please!

[DaveH23]

Ive never owned a car on lease before so do not fully understand exactly how they work but to get a car worth so much for the price mentioned above do you need to put down a HUUUUUUUUGHH deposit?

Are you limited to mileage?

do you have to pay anything at the end?

Is it the same as HP or are they different?

Am I talking rubbish?

How exactly does it work?

[davidjpowell]

DaveH23 said:

Ive never owned a car on lease before so do not fully understand exactly how they work but to get a car worth so much for the price mentioned above do you need to put down a HUUUUUUUUGHH deposit?

Are you limited to mileage?

do you have to pay anything at the end?

Is it the same as HP or are they different?

Am I talking rubbish?

How exactly does it work?

Deposit - normally three months
Mileage - Yes
Pay Anything at the end - not unless there is damage to repair. Some are better than others at finding (inventing) damage
HP - Different. Lease you give back at the end, and are effectively just renting the car.

[CampDavid]

DaveH23 said:

Ive never owned a car on lease before so do not fully understand exactly how they work but to get a car worth so much for the price mentioned above do you need to put down a HUUUUUUUUGHH deposit? 4x or 6x the first payment

Are you limited to mileage? 10k pa I believe

do you have to pay anything at the end? No, though you will pay for any dents or damage

Is it the same as HP or are they different? Different, you're not buying the car, you're renting it in reality

Am I talking rubbish? Nope

How exactly does it work? You pay the deposit and the monthly payment for 2 years, then give it back

[DaveH23]

davidjpowell said:

Deposit - normally three months
Mileage - Yes
Pay Anything at the end - not unless there is damage to repair. Some are better than others at finding (inventing) damage
HP - Different. Lease you give back at the end, and are effectively just renting the car.

So essentially a never ending money pit with nothing to show at the end.

[Zwoelf]

CampDavid said:

The deal that AB got was through a BMW main agent - I'm guessing that they may well be worth tapping up for a 7 series now as they'll be trying to get rid with a new model on the way

The quote is for an F01 Seven, the E65 has been gone for over a year.

It's from Dick Lovett BMW and is a 6/23 10k mpa, non-maintained one presumes as it's not mentioned.

£3,225.60 deposit + 23x £537.60. So you're paying a total of £15,590.40 to run a 730d SE for two years and 20,000 miles on a Personal Contract Hire deal.

I will expect they have a few stock vehicles ready to go for September delivery to meet Q3 target.

DaveH23 said:

So essentially a never ending money pit with nothing to show at the end.

A 730d SE lists at £57,420. Do you think you would get more or less than £41,829.60 in PX in two years/20k miles' time?

Edited by Zwoelf on Wednesday 14th September 13:54

[CampDavid]

DaveH23 said:

davidjpowell said:

Deposit - normally three months
Mileage - Yes
Pay Anything at the end - not unless there is damage to repair. Some are better than others at finding (inventing) damage
HP - Different. Lease you give back at the end, and are effectively just renting the car.

So essentially a never ending money pit with nothing to show at the end.

Yep. Same as buying any car. You're looking at £19000 all in to run the car for three years. As an example, if bought a 7 series, you'd lose that in interest charges on the money/loss of profit on the cash invested, the depreciation etc which would be greater than 20k

[Greenie]

DaveH23 said:

davidjpowell said:

Deposit - normally three months
Mileage - Yes
Pay Anything at the end - not unless there is damage to repair. Some are better than others at finding (inventing) damage
HP - Different. Lease you give back at the end, and are effectively just renting the car.

So essentially a never ending money pit with nothing to show at the end.

Contract Hire-the clue's in the name.

How much do think your BMW 7 series is going to depreciate in 3 years when you have something to "show at the end".

It's a good deal.

[CampDavid]

Zwoelf said:

CampDavid said:

The deal that AB got was through a BMW main agent - I'm guessing that they may well be worth tapping up for a 7 series now as they'll be trying to get rid with a new model on the way

The quote is for an F01 Seven, the E65 has been gone for over a year.

It's from Dick Lovett BMW and is a 6/23 10k mpa, non-maintained one presumes as it's not mentioned.

£3,225.60 deposit + 23x £537.60. So you're paying a total of £15,590.40 to run a 730d SE for two years and 20,000 miles on a Personal Contract Hire deal.

I will expect they have a few stock vehicles ready to go for September delivery to meet Q3 target.

Ooh, didn't spot that! I only really pay attention to the ones that are close to my budget - I can't see me blowing that much on a big saloon when old ones are so very cheap (and cooler)

[hadenough!]

CampDavid said:

Last time someone (AB) posted a leasing deal for a 635D loads of people came on saying that if they had £80k they'd buy an Aston (with twice the leasing costs) or some kind of vintage Jag. Guessing this thread will go that way.

The deal that AB got was through a BMW main agent - I'm guessing that they may well be worth tapping up for a 7 series now as theyll be trying to get rid with a new model on the way

The deal that ABs dad got...

[OdramaSwimLaden]

CampDavid said:

- I'm guessing that they may well be worth tapping up for a 7 series now as theyll be trying to get rid with a new model on the way

This is the 2011 model!

[OdramaSwimLaden]

Zwoelf said:

CampDavid said:

The deal that AB got was through a BMW main agent - I'm guessing that they may well be worth tapping up for a 7 series now as they'll be trying to get rid with a new model on the way

The quote is for an F01 Seven, the E65 has been gone for over a year.

It's from Dick Lovett BMW and is a 6/23 10k mpa, non-maintained one presumes as it's not mentioned.

£3,225.60 deposit + 23x £537.60. So you're paying a total of £15,590.40 to run a 730d SE for two years and 20,000 miles on a Personal Contract Hire deal.

I will expect they have a few stock vehicles ready to go for September delivery to meet Q3 target.

DaveH23 said:

So essentially a never ending money pit with nothing to show at the end.

A 730d SE lists at £57,420. Do you think you would get more or less than £41,829.60 in PX in two years/20k miles' time?

Edited by Zwoelf on Wednesday 14th September 13:54

Exactly. £30k ish

http://www.pistonheads.com/sales/3074034.htm

[Daniel1]

Im going to spend the afternoon configurating one i think. Then pay for it with my monopoly money

[Zwoelf]

OdramaSwimLaden said:

Zwoelf said:

A 730d SE lists at £57,420. Do you think you would get more or less than £41,829.60 in PX in two years/20k miles' time?

Edited by Zwoelf on Wednesday 14th September 13:54

Exactly. £30k ish

http://www.pistonheads.com/sales/3074034.htm

Less, bearing in mind that's an AUC retail price, rather than what the same sort of car would fetch the private owner in PX/on the private market.

[carreauchompeur]

A cracking deal, just as that 635d was.

[sjc]

Is it only a cracking deal if you were originally thinking of buying one? It would pain me to shell out and lose nigh on 16 grand in 2 years to drive a car I wouldn't have otherwise bought.