511 messages,
Last post on Aug 10, 2011 at 3:16 PM
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Prices Paid - Buying & Leasing Experiences Forum.
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BMW Z4, Coupe, Convertible
#27 of 511 Re: Trying to Make a Deal [wh9]
by cuco
Sep 16, 2004 (5:51 am)
wh9,
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]
by soldieringer
Sep 16, 2004 (6:09 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.
#29 of 511 Residuals have gone up....
by vsaxena
Sep 16, 2004 (4:40 pm)
BMWFS 2005 Lease Programs – Effective 9/16/2004
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms
They have increased the residuals but increased the money factor. With the incentives you can now lease a 3.0 with an MSRP of $48K+ for $475/month + tax assuming the dealer makes a $500 profit.
Z4 2.5i
24 mo/15k mi – 62% Residual Value – Money Factor .00240 Base Rate
36 mo/15k mi – 55% Residual Value – Money Factor .00240 Base Rate
48 mo/15k mi – 44% Residual Value – Money Factor .00255 Base Rate
60 mo/15k mi – 37% Residual Value – Money Factor .00255 Base Rate
Z4 3.0i
24 mo/15k mi – 62% Residual Value – Money Factor .00240 Base Rate
36 mo/15k mi – 55% Residual Value – Money Factor .00240 Base Rate
48 mo/15k mi – 43% Residual Value – Money Factor .00255 Base Rate
60 mo/15k mi – 36% Residual Value – Money Factor .00255 Base Rate
#30 of 511 Re: Trying to Make a Deal [wh9]
by wh9
Sep 19, 2004 (12:48 pm)
Thanks to all who responded to my inquiry. I am located in Augusta, GA. Taylor BMW is the local dealer here. I purchase rather than lease due to the mileage that I put on a car.
The salesman was only reducing the price off MSRP not invoice. He got pretty perturbed at me when I asked for the $6500 of invoice and then add back in $1000 for their profit. Oh well! Their loss. I'll go look elsewhere.
#31 of 511 Re: Trying to Make a Deal [kyfdx]
by wh9
Sep 20, 2004 (5:40 am)
I drove by the dealer lot on Sunday to see if the 3.0 I was trying to mak a deal on was there and it still is. The salesman was high pressure and said others were looking at it last week. I said let them have it...first come first served. I offered him Invoice - $6,500 + $1000 profit. He didn't like that. The 2.5 one that they had is gone. I think I might try AAA car buying service and look at my other options as well, such as finding a used 04 with low miles on it...I've seen them out there...will keep looking for the best deal.
#32 of 511 Re: Trying to Make a Deal [wh9]
by cuco
Sep 20, 2004 (9:36 am)
wh9,
if you go to the www.BMWusa.com website, you can get a list of dealers in Georgia. Then, you go to the website for each one of those dealers and you can check on their inventory of 2004 Z4.
When you check the inventory at a dealer, find the one with the options that you're willing to live with. Then, you write down the MSRP and the stock number for that car at that dealer. You then go to www.carsdirect.com or this site, and find the invoice price for the that car, with the exact same options listed for the one at the dealers.
Now you're ready to go to the dealer and offer the (Invoice - 6500 + 500) for the car.
Good luck. Let us know how you do.
#33 of 511 "Correct" pricing
by z4girl
Sep 22, 2004 (1:28 pm)
I am planning to buy a new Z4 2.5 on the West coast in a week or so. With those options I want to have, the invoice price according to three different web sites (Kelley BB, Edmunds, a third one) is about $39,000, and retail is around $42,500.
At a dealership I was quoted a price that is around $42,000, and they will subtract the $5,000 factory rebate BMW has at the moment. That would equal to about $37,000. Any ideas how low the dealership could go with the price? If I have understood correctly, that $5,000 factory rebate doesn't have an impact on the profit the dealership will receive on the car. In that case they probably could take off another $1,000 on the price? Any advice?
Sep 22, 2004 (2:36 pm)
Z4girl,
You should be able to get the car for $34500. That is (Invoice - 5000 + 500).
The price you were quoted is too high. Just about everyone is getting this price with the $500 to $1000 profit for the dealer, AFTER subtracting the $5000 from the INVOICE price.
Good Luck.
P.S. You'll love the Z4.
#36 of 511 Re: Residuals have gone up.... [vsaxena]
by gocard1
Sep 22, 2004 (6:25 pm)
Vsaxena --
Few followup questions:
1.Is the $475/month lease rate you mention in your 9/16/04 message above for a 24, 36, 48, or 60 month lease?
2. How many miles per year?
3. Is this for a 2004 or 2005 (guess is an '04)?
4. Down payment/capital reduction?
5. Does money factor change if you use 12k or 10k miles instead of 15k?
Also, for anyone, any latest and greatest lease pricing info for Southern California area (including dealership) for a 3.0 for a 36 or 48 month, 12k yr. lease?
Thanks!