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I think they would probably both have similar lease rates, while the F10 may have slightly higher residual. In Canada, the 7 normally has higher lease rates than the 5 by at least 1%, often 2%. However, in this scenario the 5 will be a new car, so it's going to be higher than typical as well. I'm going to guess the rates will be very similar on both cars.
I went to our local dealership and looked at the interior of the new F07, compared to the F01. They are actually very similar, though the F01 had a few nice touches like the leather dash, which added to the overall fit and finish of its material. I'd expect the F10 to be pretty similar to the F01, so it all boils down to whether you prefer the drive or the ride of the car...
Also, coming from a 550i, you may find the 740 a bit on the slower side? You're losing 40hp/torque, and gaining a lot of weight.
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