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Prices Paid: Buying & Leasing Experiences BMW Z4 Prices Paid and Buying Experience
496 messages, Last post on Dec 05, 2009 at 5:39 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Purchased a new Jet Black with Beige leather Z4 manual for my brother in the San Jose CA area for $500 over basic cost. The dealer passed on $3000 of the $3500 incentive. This came to about $6200 below MSRP. They did add the MACO and training fees. Also got 2.9% for 60 months, though their buy rate is 1.9%. Dealer was Stevens Creek BMW. The car had Sports, Performance, Convenience, Xenon and heated seats. He threw in the wind deflector ($185 retail) instead of the floor mats when we picked up the car. The buying experience was pleasant; they have a car listed on EBay and were dealing, so the price was not an issue. The APR markup was something which did bother us, but we did not push it too much. We were offered the 6yr/100,000 maintenance and warranty plan. We passed on them now but might consider them in the future. |
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Replying to: lee_w (Aug 10, 2004 2:52 am)
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Replying to: zman4 (Aug 13, 2004 11:34 am) |
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Replying to: lee_w (Aug 10, 2004 2:52 am)
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Just leased a 2004 Z4. MSRP: $44920 Purchase price: $37861. (About invoice - $3500). Took advantage of part of $4500 manufacturer-to-dealer incentive. 36-month closed end lease, 10000 miles per year. Money Factor: 0.0019 Down Payment: $2500 Residual (58%): $26053 Acquisition Fee: $525 Refundable Deposit: $400 Because I put $2500 down, I went ahead and payed about $200 for the dealer to etch every piece of glass with serial numbers to decrease the chances of having the car stolen. The $200 fee also buys the insurance to get the $2500 downpayment back in case of total loss. Dealer included the Z4 floor mats for free. Total due at signing (includes down payment): $4239 Monthly lease: $397 State: N.J. (6% tax), included in monthly payment. |
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Replying to: gatorsfn28 (Aug 14, 2004 1:59 pm) Is it a 2.5 or a 3.0 liter Z4?
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Bought another for myself. $500 over dealer cost. 36m/10K year. |
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Replying to: cuco (Aug 22, 2004 11:45 am)
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Replying to: gatorsfn28 (Sep 04, 2004 10:37 am) Here are my 2 cents. If you still have not bought, good for you. BMW is offering the dealers $5000 in incentive to unload the 2004 2.5 liter Z4. It's $6500 for the 2004 3.0 liter Z4. I learned in the leasing forum at www.edmunds.com that it is not a good idea to put money down on a lease. If the car is totaled or stolen, you do not get your deposit back. In my case, I did put $2500 down so my wife would feel better at paying $397 per month for her lease instead of $470 per month. Here are my calculations on your car. A 2004 2.5 liter Z4 with auto and power top has an MSRP of $36280 and an Invoice of $33535. These numbers are from www.carsdirect.com First the calculations without putting any money down. 1 - Assume that the dealer makes $1000. You may be able to get the dealer to go for just $500 in profit for him. It depends on how motivated they are to unload the 2004. I had no problem in getting mine at $1000 above dealer cost. 2 - (Invoice - 5000 + 1000) = $29525 3 - I got 58% residual on 10000 miles per year, last month. I don't know if the residuals have changed in September. Car_man at the leasing post may be able to help you with the actual residual number. The residual will also be smaller if you need more than 10000 miles per year on the lease. 4 - 58% of the MSRP = $21042. 5 - (29525 - 21042) / 36 = $235.64 to pay down the difference between the purchase price and the residual value over 36 months. 6 - Interest per month (29525 + 21042) * 0.002 = $93.13 7 - Total lease, before taxes, no money down. 235.64 + 93.13 = $328.77 Your'll have an acquisition fee, deposit and first month payment. If you decide to put down an extra $3000, then the payment should be about $247. This is a lot lower than what you were quoted. The above numbers will change depending on the miles per year you actually need, the residual now in September for the 2004 model and the actual price above dealer cost. The above numbers are $1000 above the dealer cost, which is (Invoice - $5000). Good luck, let us know how you did.
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I am considering getting a Z4 (or Z3 w/lo miles) for commute purposes... it has two seats and the car pool requires 3 unless you only have two seats! my dilemma is... purchase used, new or lease. i live approx 40mi from my destination (80 per day) so i am not certain that a lease would be effective. i have looked at used but they are pretty pricey... almost as much as new w/o the incentives. can someone give me advice on this? i have a trade-in (98 LR RR4.6HSE w/51Kmi) so purchasing from a dealer in either case is pretty essential. if i buy used, how much wiggle room do i have and if new is it more beneficial due to warranty, incentives, financing, etc. thanks...i appreciate any assistance you can offer!
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