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You are in the Prices Paid - Buying & Leasing Experiences
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BMW Z4, Coupe, Convertible
#478 of 511 Please Provide Your Input On Dealer Quote. Thank You
Jul 08, 2007 (10:41 am)
Good Morning All,
Could someone kindly review the following lease quote provided by California dealer. Please let me know if the following is a fair deal or if I should further negotiate. Thank you
36 Month /15K - Term of lease:
-Vehicle MSRP $48,800
-Selling Price $46,460
-Bank acquisition fee & dealer documentation fee $825 & $45
-Capitalized Cost (sum of purchase price and fees) $46,460
-Residual Value 63% of msrp
-Money Factor (money factor of .00115 was used because the security deposit was waived)
36 month lease
$2,470 drive off (includes $600 security deposit)
$513 plus tax = $556 month (15k miles/year)
2007 BMW Z4 3.0si Roadster
Titanium silver metallic
Black soft top
6-speed manual transmission
#479 of 511 Re: Please Provide Your Input On Dealer Quote. Thank You [j2sin]
by kyfdx HOST
Jul 08, 2007 (12:02 pm)
1) .00115 MF because security deposit waived, but farther down the list, you state that the drive off amount includes a $600 deposit? Which is it?
2) If I assume you made a deposit, and the MF is .0010, then the payment comes out to $513/mo.+tax, just like you have it.
3) Due at signing:
$556 1st pymt
$ 45 Doc fee
$2026 Total.. The other $454? Title/registration?
The deal looks just okay.. They are marking up the acquisition fee by $200. Assuming they are using the base MF (and it looks like it), that is good. You definitely want to make a security deposit and get the base MF of .0010. I'd want a bigger discount on the selling price. Maybe enough to cover the acquisition fee?
I'd be happy with the monthly payment, if I could get the due-at-signing amount knocked down to about $1600, including the $600 security deposit.
#480 of 511 Factory to dealer incentives
Jul 18, 2007 (3:48 pm)
I can recall several years ago considering a Z4 (bought a G35 Coupe instead - mistake). At the time, BMW was offering a considerable factory to dealer incentive ($3-4K), but I can't recall the time of year. Any idea on when this can be expected? Is it a regular, yearly thing? Also, can a retail buyer expect to get the full amount of such an incentive off the price of the vehicle, or should I expect the dealer to want to keep some or all of it?
Jul 22, 2007 (1:44 pm)
This looks like a good deal. What do you think?
2006 Z4 3.0si
Black sapphire metallic
Dream red interior
M Sport seats
Hard top prep
Original warranty good to December 2010
Extend warranty good to December 2012 (what is this worth if one were to buy it separately?)
Dealer's price on the sticker is $39,795. The car was put into service in December of 2006, and the dealer picked it up at auction about 2 weeks ago. Thanks for the advice.
#483 of 511 Did I get a good price?
Aug 13, 2007 (11:55 am)
I am taking delivery of my car this week. Please comment if you think I got a good deal on it.
2007 BMW Z4 3.0si (brand new)
The MSRP on the car is $48,800. The dealer invoice is $45,380. There is a current $6,500 factory to dealer incentive on these cars, so, my final sales price is $40,980, plus I got him to throw in the windscreen (retail value of $215). Did I do OK?
#484 of 511 Did I get a good price? Part two
Aug 13, 2007 (12:18 pm)
Let me also add that we had to freight the car in from another state, so that added $400 to the invoice. He itemized it as this:
$48,880 - MSRP
$45,380 - Invoice
$-6,500 - Factory Money
$38,880 - Net invoice
$ 400 - Freight from out of state
$ 250 - Floor Mats, PDI
$ 215 - Windscreen
$39,665 - Actual Dealer Cost
$ 1,315 - Dealer Profit
$40,980 - Sale Price
I suppose I could argue the price of the windscreen is quoted as retail and NOT wholesale, and that $400 seems excessive for a 5 hour drive (then again BMW's are freighted differently than most cars). Perhaps I am having a panic attack as I am buying the car in two days, but... any thoughts? Think I should have gotten the car for lower?
I did sign a contract for the car, he never countersigned it, however. At this point, would it be crazy to try and re-negotiate or tell him I am walking away entirely? WDYT?
#485 of 511 Did I get a good price? Part three
Aug 14, 2007 (9:18 am)
OK, I contacted the salesman yesterday, and we had him take out the windscreen (I can always get this cheaper after market than he is charging me), so we settled on $40,500, which is $1,020 over his invoice costs. NOT too bad, I think! Thoughts?
#486 of 511 Re: Did I get a good price? Part three [jilly3]
Aug 31, 2007 (12:16 am)
Jilly3, congratulation to your new car. I got one question to you. Do you need to put any deposit to sign the contract? How much did you put if there's a deposit?
#487 of 511 Re: Did I get a good price? Part three [jxz024000]
Sep 04, 2007 (10:02 pm)
Yes, I put down 1k.