Looking into leasing a BMW 7 Series? Find answers below to the most frequently asked questions.
- What does a
lease cost on a BMW 7 Series? The lease on a
new BMW 7 Series depends on the model. The 750i xDrive Sedan lease will be
higher than the 740e xDrive iPerformance,
so the best way to find out is to visit our lease page for our current lease offers.
- Is it possible
to lease a BMW 7 Series with $0 down? Yes, it's possible to lease a BMW
7 Series with $0 down-payment but you will have to give us a call at (570)
338-6955 to discuss it. All lease offers on our website require down payment.
Note that $0 down doesn't mean $0 at signing; there are additional fees that
need to be paid before you get the keys (sales tax, registration fee,
acquisition fee, and first month's
payment).
- What fees in
addition to the down payment are due at signing? When leasing a
BMW 7 Series in addition to the down payment the following fees are due at
signing:
- Acquisition fee
- Registration fee
- Title fee
- Acquisition fee
- Security deposit (for buyers with less than
stellar credit)
- Sales tax
If you have further questions, give us a call at (570)
338-6955 to speak with one of our leasing
specialists.
- How do I tell if
I should lease or buy? There's an easy
way to tell - find out how many miles you drive a year. If it's less than
10,000 miles, leasing makes more sense. While there are leases for high-mileage
drivers if you drive more than 10,000 miles a year, financing a vehicle is a
better deal.
- Is maintenance
included in the lease payment of BMW Series 7? All new vehicle
leased vehicles are covered by BMW original warranty that includes the
factory-recommended maintenance services such as engine oil, engine filter, brake fluid and spark plug changes.
To learn more about BMW's new vehicle warranty check out the
official BMW
Ultimate Care page.
- Is there a
limit on the miles a BMW 7 Series can be driven per year? Yes, there's a
10,000-mile cap per 12 months. It's possible to purchase additional miles when
signing the lease or at the end of the lease period. If you know you'll be
driving more than the allowed 10,000 miles/year, prepaying for additional miles
is a better deal (even though you won't get a refund for miles you didn't
drive).
- Is it possible
to buy additional miles since I expect to drive more? Yes, you can
prepay for additional miles at lease sign or pay for the overage at the end of
the lease term. If you choose to pay at
lease sign know that you won't get a refund for the miles you bought but didn't
drive. If you choose to pay at the end of the lease for the miles above the
limit, know that you'll be charged $0.25 per mile (as of writing this).
Usually, prepaying for miles is a better deal.
- Is GAP insurance
included in the BMW 7 Series lease? No, GAP
insurance can be purchased separately; it is not included in the BMW 7 Series
lease. For a good deal shop around and compare offers from a few companies.
- Is it possible
to purchase the BMW 7 Series I have been leasing at the end of the lease term? Yes, you can do
that. The buyout price is spelled out in your lease contract. One thing not so
many people know is that you can buy the vehicle at any point during the lease.
If you are thinking about buying out your Series 7 Beemer, give us a call at
(570) 338-6955.
- Is it possible
to end my lease early? Yes, you can
end the lease of your BMW 7 Series before the end of the lease contract. Be
aware that there are early cancellation fees that will be charged. However,
depending on what you want to do next, these charges can be minimized or
completely waived. The vehicle can be returned at any BMW authorized dealership in Pennsylvania or the U.S. for that matter.
- My lease is
about to expire. Can I extend it? Yes, an
expiring lease can be extended. You can re-lease
for another 12-24 months while looking for a deal on your next car or truck. To
discuss it or if you have further questions call BMW of Wyoming Valley at (570)
338-6955.
- Can a BMW
lease be transferred/assumed? Yes, you can
transfer the lease of your BMW Series 7 car to someone else given you have more
than 6 monthly payments remaining. Be aware that there's a $500 initiation fee
to do that.
- Can I lease a
pre-owned BMW 7 Series car? Yes, you can
lease a pre-owned BMW 7 Series. Check
out our certified pre-owned BMWs and call our finance department at (570)
338-6955 to discuss lease terms.
- Will BMW lease
with bad credit? It's possible
but keep in mind that the lease offers you see advertised are for drivers with
excellent credit. If your credit is less than stellar call our finance
department at (570) 338-6955 and one of our lease specialists will work with
you.