QUOTE FROM AUTO SPIES:
If you’re buying the line that 7’s are hard to come by an orders are outstripping the supply, don’t believe it.
The spies went out on a mission with our handy “Auto Spies BS decoder” and uncovered the fact that not only are sales of the new seven slow, but massive inventories are building up at BMW dealers (see pictures above).
And the 2003 7’s are just around the corner…
So BMW just announced to their dealers, an aggressive lease program on 2002 7’s.
Here’s how the deal shakes out…
2002 740i [[typo?? I think they meant the 745i]] (MSRP of around $70K)
$799 for 36 months with around $4K of drive offs…
This number is based on a selling price of the car at $2500 over invoice (trust us, you can get this car for between invoice and $500 over if you make some calls and do your homework). That would mean you could get the $799 car for even less…
Our advice is to find a dealer who has a lot of them in stock and grind them..(We found over 30 7’s on the ground at Irvine BMW)
To put this in perspective, we chatted with owners who leased the SAME car before this program started, who are paying $1250 per month for the same lease!
How do you think these owners are going to feel when they find out that if they had just listened to the Spies, they could have been saving over $450 per month!
That’s $16K over the full term of the lease!