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BMW Z4 Prices Paid and Buying Experience

511 messages,  Last post on Aug 10, 2011 at 3:16 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? BMW Z4, Coupe, Convertible

Messages Page 3 of 52

#15 of 511 Re: BMW Z-Series:Prices Paid quick question [marcos] by cuco

Sep 08, 2004 (9:59 am)

Replying to: marcos (Sep 08, 2004 8:58 am)
Marcos,
 
  Your MSRP of $35570 has an invoice price of about $32800. What I did in negotiating for the Z4 is work from the Invoice price, not the MSRP. A few people in these forums have been able to purchase or lease a new 2004 Z4 after giving the dealer just $500 to $1000 in profit.
 
   What I would do in your case is the following:
 
   1 - Try offering the dealer (Invoice - 5000 + 500), in other words, about $28300 for the car. This gives the dealer $500 in profit. I personally wouldn't go above $1000 profit for the dealer. That is, your purchase price should be between $28300 and $28800. If not, IMO, you're paying too much. Remember, they are motivated to get rid of the 2004 roadsters. Roadsters, in general, are not selling well. If they don't go for this, be prepare to walk to another dealer or a different car. If you really want the Z4, then they are going to get some extra money from you.
 
   2 - If you are going to lease, go to the leasing forum in this site and ask the host, Car_man what the residual is for the 2004 Z4 2.5 liter this month. Remember, you have to tell Car_man the number of miles that you want to be able to drive per year and the number of months in your lease.
 
  3 - Once you have the best purchase price for the car, the residual percentage, and the current money factor of 0.002, you'll be able to figure out the monthly amount.
 
  4 - If you do your homework you should be able to do a lot better than $320 per month.
 
    For example, last month the residual for a 36 month lease and 10000 miles per year was 58%. If that residual still applies in September, then such a lease in your case should cost only about $251 a month, before taxes, and assuming $2500 down. The same, without a down payment would be about $326.

#16 of 511 Ditto.. by kyfdx HOST

Sep 08, 2004 (10:06 am)

Marcos.. good advice by cuco.
 
Forget the lease calculator on the website or what you see in the ads.. You can almost always do better.

#17 of 511 Re: Ditto.. [kyfdx] by marcos

Sep 08, 2004 (11:33 am)

Replying to: kyfdx (Sep 08, 2004 10:06 am)
Thank you so much guys...is there a calculator I can use with all this data to figure out what the monthly payment should be?
 
Thanks

#18 of 511 BMWFS Lease Numbers for Sept 2004 by vsaxena

Sep 09, 2004 (9:28 pm)

Replying to: marcos (Sep 08, 2004 11:33 am)
Though they have increased the incentive they have drastically reduced the residuals on the Z4. You may want to try leasecompare.com for third party residuals.
 
Z4 2.5i
 
Money Factor .00200 Base Rate (good for all terms and mileage)
 
24 mo/15k mi = 59% residual - 36 mo/15k mi = 51% residual
24 mo/12k mi = 61% residual - 36 mo/12k mi = 52% residual
24 mo/10k mi = 62% residual - 36 mo/10k mi = 53% residual
 
Z4 3.0i
 
Money Factor .00200 Base Rate (good for all terms and mileage)
 
24 mo/15k mi = 59% residual - 36 mo/15k mi = 50% residual
24 mo/12k mi = 61% residual - 36 mo/12k mi = 52% residual
24 mo/10k mi = 62% residual - 36 mo/10k mi = 53% residual
 
LEASE CALCULATOR
Capitalized Cost (CC) = purchase price + acquisition fee - cap cost reduction.
Residual (RD) = % of MSRP (not purchase price).
Monthly Lease payment (CC - RD)/# of months + (CC + RD) * Money Factor.
Add Tax to above.
Drive Off = security deposit, license fee, first month's payment (with 0 down payment towards cap cost reduction).
 
ALWAYS PUT 0 down towards cap cost reduction.

#19 of 511 Re: BMWFS Lease Numbers for Sept 2004 [vsaxena] by cuco

Sep 10, 2004 (7:20 pm)

Replying to: vsaxena (Sep 09, 2004 9:28 pm)
vsaxena,
 
 Thanks for the post. I've been trying to get the residuals for the Z4 for this month. Where do you get these numbers?
 
  I leased my Z4 last month. Last month, the 3 liter 10K miles, 36 month lease had a residual of 58% and a manufacturer-to-dealer incentive of $4500. My lease came out to $397 per month, including taxes in N.J. I just went through the calculations for my car, based on the 53% residual and $6500 incentive. I went ahead and assumed that I would get the $2000 extra incentive between August and September for my lease, and the number came out to about $400 a month.
 
  That is, leasing this month would have cost the same, even with the $2000 extra for the incentive.
 
  I guess what this means is that 3 years from now, I may be able to get the car for 53% of the MSRP instead of the 58% MSRP from last month. It seems the residual takes a deep drop right after the manufacturer stops taking orders for the previous model year car, as it happened for BMW in August.

#20 of 511 Re: BMWFS Lease Numbers for Sept 2004 [cuco] by vsaxena

Sep 11, 2004 (12:51 am)

Replying to: cuco (Sep 10, 2004 7:20 pm)
Got them from roadfly.
 
Your calculations are indeed correct. They had to drop the residuals by the amount they were increasing the incentives for. Otherwise the depreciation on a car stickered for $48.5K would have been just $11K over three years!!
 
 The only issue is that we will have to negotiate the residual lower. The current wholesale price of 2003 Z4s 3.0 is in the low 30s. It is very likely that three years from now, the price of a 2004 Z4 will be in the low 20s and not the high 20s which our residuals currently are.

#21 of 511 Re: BMWFS Lease Numbers for Sept 2004 [vsaxena] by cuco

Sep 11, 2004 (7:09 am)

Replying to: vsaxena (Sep 11, 2004 12:51 am)
vsaxena,
 
  It is obviously too early yet to know if we'll keep the car 3 years from now. It will depend on what other new roadsters and deals are out there at the time.
 
  My wife does love the Z4. It is a fun car to drive ... I only get to drive it when the boss lets me! Everytime I do drive it, I'm riding around with a huge smile on my face. It's definitely going to be hard to stay within the alloted miles with this car.

#22 of 511 Here is my prediction... by kyfdx HOST

Sep 11, 2004 (11:07 am)

In three years:
1) You decide you want to buy your car.. Residual is $25K. Payments $500/mo for 60 months for a 3-year old car. Only one more year of warranty left.
2) It is August of '07.. The all new Z5 (not a real car) is just not moving.. they have big incentives.. You can lease a brand new one for under $500/mo. with nothing down...
 
I think you'll choose #2.. and be happy for the last three years, and looking forward to the next three.
 
regards,
kyfdx
 
My guess is

#23 of 511 Re: Here is my prediction... [kyfdx] by cuco

Sep 12, 2004 (8:36 am)

Replying to: kyfdx (Sep 11, 2004 11:07 am)
kyfdx,
 
   You're right, once you go leasing you don't go back. We'll probably just turn the car in and lease again.
 
   With so much competition going on in the auto industry, and all kinds of innovations going into cars all the time, it's more appropriate to lease. In addition, when you lease, you don't have to deal with having to find a buyer eventually for an old car. I suppose most people now-a-days only get the trade-in-value when they get rid of their cars. You also don't have to deal with the cost and aggravation of repairs.
   
   You do need a second car in the household, one with front wheel drive, for those that live in the Northeast and have to deal with winter snow.

#24 of 511 Trying to Make a Deal by wh9

Sep 15, 2004 (1:12 pm)

My dealer would only come $6500 off the MSRP for th Z4 3.0, not the invoice. I walked away. Best time to buy and deal is when you don't need a car. Has anyone gottn the incentives off invoice??

Messages Page 3 of 52

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