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Prices Paid: Buying & Leasing Experiences BMW Z4 Lease Questions
613 messages, Last post on Dec 07, 2009 at 6:31 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: kyfdx (Sep 11, 2005 6:13 am) Thanks
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Replying to: slaughter5111 (Sep 11, 2005 6:23 am) Due at signing: 1st pymt, security deposit, title/license.. Approx. $1400-$1500 total, depending on your local fees.. I rolled the $625 acquistion fee into the cap cost, resulting in a cap cost of $37,625... Actually, considering the $2500 dealer incentive, I would be shooting for a price about $1000 lower than that... At a selling price of $36K, the payment would be $498/mo.+ tax.. with the same upfront.. regards, kyfdx |
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You're very welcome foxyroxy. Car_man Host Smart Shopper / Prices Paid Forums |
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Thanks for the help vsaxena. You're right, 24 months is definitely the way to go if one was to lease a 2005 BMW Z4 this month. One minor correction to your post though, BMW FS' buy rate is only .00200 for leases up to 42 months, not .00280. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi CarMan & kyfdx, I have been negotiating a lease on an '05 Z4 2.5 as follows: 12,000 mile per year, Money Factor of .00100, Residual of 65%. Based on the MSRP of $35,745.00 (including destination charge), a Base Cap Cost of our agreed on price of $31,695.00, 65% Residual of $23,234.00, .00100 Money Factor, 24 month term and 7% Tax, my calculations show a payment of $407.47+ $28.52 Tax per month. I just received the following email from the salesperson and I am confused as to what the "buy" rate and "sell" rate means: Our “buy” rate is .001, we sell the money at .0014. We also “roll” the $675 acquisition fee into the deal rather than charging it as part of the start up cost. As a result, the payment is $458.51 plus tax for a total of $490.61. The first month is collected up front plus security deposit, tag and fees for a total of $1,244.77. You have $1,000 on deposit, so the total amount due at signing is $244.77. I have re-written the buyer’s order. When would you like to stop in? Is he just trying to sell me on a higher rate by saying the .00100 rate is his "buy" rate? Or is the .00100 rate really unavailable? Ive seen it referred to as a "Base Rate", but I'm not sure what that means. Please help, I was ready to go in and sign but now I'm not so sure. 
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Replying to: foxyroxy (Sep 14, 2005 3:31 pm) "sell rate" means they are marking up the money factor for extra profit on your deal. In fact, .0004 is the maximum they are allowed to mark it up.. The base rate acquisition fee is $625, not $675, so they are marking that up, as well.. Rolling the acquisition fee into the lease is a good thing... it is less you have to pay upfront, so nothing wrong with that... To put a number on it, the money factor mark-up is adding $22-$23 per month plus tax to this deal... It looks like your tax rate is 7%... If they use the base rate and the base acquisition fee, then your payment would be about $434/mo. plus tax, or about $465/mo tax inclusive.... So, about $25/mo. less than his number... regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Sep 14, 2005 3:42 pm) I have to compliment you and Car Man. I'm incredibly impressed with and very grateful for the professional assistance I have received on this web site. For someone like me who knew absolutelyl nothing about leasing, being able to ask someone who does makes all the difference. My sincere thanks to you both for all of your help! 
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Replying to: foxyroxy (Sep 15, 2005 6:10 am) regards, kyfdx |
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Replying to: Car_man (Aug 31, 2005 2:15 am) I have a couple of questions about a lease on a 3.0 Z4. First about the price: - Hendrick BMW in Charlotte NC is selling this with MSRP about $47k (Premium and Sports packages, Xenon lights and heated seats and manual transmission). - According to Edmunds price, invoice is about $43k and others are paying about $41.5k. - What is a reasonable price to expect to pay? Second about lease numbers: - it sounds like a 24 month lease is the way to go these days - I was offered a money factor of 0.00155. Can I reasonably expect to negotiate down to the 0.001 money factor? Is there something I can do to encourage them to offer it? - They did confirm the 65% 12k mi and 63% 15k mi residual values - What final lease payment should I expect? Thanks! |
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Replying to: thewyz (Sep 15, 2005 4:31 pm) - Money factor of 0.0014 - they won't budge on that. They acknowledge that BMW finance is offering 0.001, but they are holding on to their markup - They are adding a doc fee of $299 and acquisition fee of $825. Are these reasonable? Please help! Thanks |
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