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You are in the Prices Paid - Buying & Leasing Experiences
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BMW Z4, Coupe, Convertible
#164 of 511 Also looking for affirmation
Apr 07, 2005 (8:32 pm)
While shopping for "something else" I test-drove a pre-owned Z4, and liked it! I then found one that I thought I would buy, and had made what I considered a decent deal. Then, while looking for other info on the web, I found this forum, and maybe wondering if I am doing a smart thing (being smitten sometimes makes you lose focus).
details: 2003 Z4, jet black, tan leather, 2.5, 5-speed, premium pkg, convenience pkg, xenons, heated seats, wood trim, foglights, premium hi-fi.
less than 3,400 miles. from a BMW dealer, and is CPO. so that's the balance of the 50k original factory warranty, plus 2 add'l years and another 50k for 100k total
(I understand that the second 50k isn't as comprehensive as the first 50k, but the CPO plan looked pretty good to me).
Purchase price: $30k.
Thoughts? For me, it's a lot of money, and I just want to be prudent with it.
Apr 07, 2005 (11:56 pm)
Just bought mine (end of March).
3.0, PrPkg, SpPkg, Xen, Heat, Step
$41k cap cost. mf = .0022
I'm fairly certain others could do better, but owing to the complexity of my situation, this dealer really went to bat for me and thus I am more than happy with it and more than willing to give them something on both the cap cost and the mf.
Oh, and fwiw, he DID try to raise the fee from $625 to $825, but grinned rather sheepishly when I called him on it.
Second fwiw, I had to walk out (literally) on this deal, get in my car, and drive home. During said drive, they called 4x, so I know this deal (and probably one even better for less complex deals) is not difficult to achieve.
Apr 09, 2005 (12:49 am)
I'm seeing wildly different prices here on 2.5 and 3.0.
I'm now thinking of leasing as it may be a better option as I plan on only keeping the car for 3 years.
I'm looking for either a 2.5 or 3.0, but want it fully loaded WITH navigation. I figure I'm getting a new car, why scrimp on the creature comforts
1) I'm located in Seattle area, just wondering what people have managed to swing in terms of deals lately. I that "thankthepasser" scored a fairly nicely equipped 3.0 for the invoice price that Edmunds quoted me for a fully equipped 2.5! Only diff I see is navigation.. seems like "Thankthepasser" got a GREAT deal.. or are there other options that he is missing?
2) Is the Money Factor to shoot for these days 0.0020?
3) Is the standard "acquisition fee" $625 or $675?
Apr 09, 2005 (4:04 pm)
Does the current $4500 dealer incentive on the 3.0 apply to cars that are ordered, or just to cars already on the lot? I can't find the car I really want anywhere, and if I get it, it will have to be ordered.
#168 of 511 Re: Dealer Incentives [rockhound_ms]
Apr 10, 2005 (6:12 am)
the car would have to be delivered before the incentive period is over....
unless th eincentive period is extended.
#169 of 511 Got pricing today from dealer..
Apr 10, 2005 (6:56 pm)
I went to the dealer today and he gave me some figures to think about. Pricing is for 2005 models (brand new).
-Both have premium audio and M sport seats, WITHOUT navigation
-~$40,000 with $1500 dealer profit
-includes $2500 incentive and further $1500 discount
-~$42,250 with $1500 dealer profit
-includes $4500 incentive and further $2000 discount
The salesguy showed me his computer screen and stated that the MSRP is 8% above invoice price, and showed me his screen with a "wholesale" cost, which he said is the same thing as the Invoice. I did notice that there were charges for "MACO" ($200) and "Training" ($180). Not sure if I shoudl be paying those.
WHen asked about "money factor" for leases, he stated it was 0.0024 (5.76%).
Any comments on the above pricing, "wholesale" vs. invoice and the money factor?
#170 of 511 Re: Got pricing today from dealer.. [tmchow]
by kyfdx HOST
Apr 10, 2005 (9:35 pm)
1) Did the dealer happen to show you the MSRP on these two examples?
2) Training is broken out on the dealer's invoice, but it all adds up to the same invoice price you see from other sources.. MACO is a regional or local advertising charge that the dealer pays to BMWNA for that particular car.
3) The "base rate" money factor is .0020, so the dealer is marking up the rate the maximum allowed (not good).
#172 of 511 Discussion re-opened
by kirstie_h HOST
Apr 14, 2005 (6:40 am)
BMW Z4 enthusiasts - We noticed there's been a lot more interest in this vehicle lately, so the regular (non-pricing) BMW Z4 discussion has been reactivated. Enjoy!
Host, Future Vehicles & Smart Shopper discussions
#173 of 511 2004 Z4 2.5 Sport Package
Apr 25, 2005 (12:08 pm)
Well, here we are sports car owners! We have a Cadillac Escalade and a Dodge Super cab Hemi, but we always wanted a fun car, two seater convertible! At our ages, it was soon to get one or forget it! This last Saturday we went to breakfast, went to a Golf shop, and then we decided to just browse the dealerships for a sports car. I told my husband I always wanted red with tan leather and tan top. That was my only criteria, except it had to be a 2 seater and very sporty! We went to GMC dealers first to check out the vets. I am not too crazy for the new body style and the used ones did not meet my criteria. We then went to a Honda dealer to check their 2 seater out, well, comparing it to my Escalade, the Honda deffinetly was a cheaply built car. Then my husband decided to go a BMW/Cadillac dealer close to our home. We drove onto the lot, and their set this gorgeous Z4, red with tan top and interior. We had never drove a BMW, so the salesman told us to take it out for a ride, which we did for 45 minutes! It was a blast to drive. We returned to the lot and their stood another couple about our age looking at another Z4, black on black. without leather and the sports package. We drove up in the red one with the top down and she turned to her husband and said something like WOW, needless to say, this Z4, low mileage, 10,000, with the 100,000 mile maintenance program, and all the bells and whistles, had found new owners. The dealership had just got in it on a trade for another BMW.
Anyway, at 57 years of age, we are having a blast driving this car. We put the top down on Saturday night and cruised the downtow streets! There are a lot of us baby boomers enjoying their dream of owning a sports car, and now we are one of them. We feel very fortunate to have found this car and be able to afford it!