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BMW Z4, Coupe, Convertible
#19 of 511 Re: BMWFS Lease Numbers for Sept 2004 [vsaxena]
Sep 10, 2004 (6:20 pm)
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]
Sep 10, 2004 (11:51 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]
Sep 11, 2004 (6:09 am)
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@Edmunds HOST
Sep 11, 2004 (10:07 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.
My guess is
#23 of 511 Re: Here is my prediction... [kyfdx]
Sep 12, 2004 (7:36 am)
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
Sep 15, 2004 (12:12 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??
#25 of 511 Re: Trying to Make a Deal [wh9]
by kyfdx@Edmunds HOST
Sep 15, 2004 (12:16 pm)
Wow... so he basically wants MSRP for an '04, with the '05s hitting the lots? Maybe he wants to make a planter out of it..
I have a hard time believing he wouldn't jump at $2500 less than that.. or even $3500 less..
Business must be good.
#26 of 511 Where in GA are you?
by kyfdx@Edmunds HOST
Sep 15, 2004 (12:18 pm)
I've heard good things about Nalley.. in Decatur, I think....
#27 of 511 Re: Trying to Make a Deal [wh9]
Sep 16, 2004 (4:51 am)
Last month, I leased a 3 lilter 2004 Z4. In August they had a $4500 incentive instead of the $6500 this month. I got a price of (Invoice - 4500 + 1000). In other words, $1000 profit for the dealer. Most people are being sucessfull with just $500 for the dealer.
You should definitely be able to get (Invoice - 6500 + 500).
Someone told me last month that some BMW dealers are getting other nonpublished incentives from the manufacturer to unload the 2004 Z4 in their lots. So you may be able to get the car for (Invoice - $6500)
#28 of 511 Re: BMW Z-Series:Prices Paid & Buying Experience [lee_w]
Sep 16, 2004 (5:09 am)
I ordered a new '05 2.5 with the premium package, heated seats, beige leather, and bi-xenon lights for 36,790. Didn't know about any dealer incentives since I got my straight from the factory. Invoice was 30,400. Get's built in October for a mid November delivery.
I don't know how that compares to everyone else but I'm interested to find out.