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BMW Z4 Lease Questions

702 messages,  Last post on Apr 21, 2013 at 2:53 PM

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What is this discussion about? BMW Z4, Car Leasing, Convertible

Messages Page 17 of 71

#160 of 702 Re: Z4 Lease Info [jmcmbz] by Car_man HOST

Apr 20, 2006 (3:45 am)

Replying to: jmcmbz (Apr 17, 2006 10:48 am)
Hi jmcmbz. I'm not kyfdx, but I can answer your questions for you. If you were to lease a 2006 BMW Z4 3.0i through BMW Financial Services right now for 30 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00175 and 66%, respectively. BMW is still providing $1,200 dealer cash on the '06 Z4 3.0i and $1,500 on the 3.0si. You would be able to get the same special money factor on this car for leases up to 42 months in length. Generally speaking, the longer a lease is, the lower your monthly payment will be.
 
Car_man
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#161 of 702 Re: Leasing payments [lopz] by Car_man HOST

Apr 20, 2006 (3:47 am)

Replying to: lopz (Apr 17, 2006 11:07 am)
Hi You can find out how leases work and how to calculate lease payments by reading the following informative articles that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
As far as what the money factor and residual value for the car that you are interested in are go, I should be able to provide you with that information. Just let me know exactly what model you want, how long you want to lease it for, and how many miles per year you need to be able to drive it.
 
Car_man
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#162 of 702 Re: Leasing payments [Car_man] by buyingz4

Apr 20, 2006 (11:33 am)

Replying to: Car_man (Apr 20, 2006 3:47 am)
Hi Car Man,
 
A dealer is quoting me the following for a 2006 Z4:
 
36 months, 15k miles a year
MSRP with options: 42k$
Invoice: 39k$
MF: .0021 (APR = 5%)
Residual: 57%
 
It comes out to be around 630$ (with taxes) per month. Does it sound reasonable to you?
 
Thanks.
 
Alice

#163 of 702 Re: Z4 Lease Info [Car_man] by jmcmbz

Apr 20, 2006 (8:08 pm)

Replying to: Car_man (Apr 20, 2006 3:45 am)
Thanks Car_Man!

#164 of 702 Re: Leasing payments [Car_man] by lopz

Apr 22, 2006 (5:23 pm)

Replying to: Car_man (Apr 20, 2006 3:47 am)
Thanks, Car_Man. I read the info and now can talk the language and calculate lease payments--it's fun and I'm sure this valuable info will save me thousands over my next leases. I am planning to lease either a Z4 3.00si or Z4M, premium package and navigation, for 24months, 12k miles/yr. Please help with the money factor, residual, BMW cash back to dealers, and any other info that may be of use. (I understand you may not have sufficient data on the Z4M.)Thank you kindly.

#165 of 702 Re: Lease money factor by melbern

Apr 22, 2006 (9:14 pm)

Replying to: lopz (Apr 22, 2006 5:23 pm)
I just order a z4 3.0i
 
MSRP $43
Sale price 40.5K About 1K over invoice
 
I'm looking at leasing this car; below was what I was quoted.
 
Money factor 2.3
residual 59%
12,000 year
 
I was told that this was the best BMW finance could do and that it was absolutely not negotiable. Is this correct? I was told that this great rate was also only good until month end. As the car is just being ordered and won't be in for 6 weeks, the lease hasn't been finalized, but the above rate was locked in (incase the money factor changed before delivery.) Do you know about any special lease deals that expire at month end. Also, does the money factor very by car? I originally looked at the X5 and got a 1.55 money factor.
 
Also, what would the residual be for 10,000 miles per year?
 
Melissa

#166 of 702 Re: Lease money factor [melbern] by kyfdx HOST

Apr 23, 2006 (8:34 am)

Replying to: melbern (Apr 22, 2006 9:14 pm)
1) The lease program does end at the end of the month.. but, they can lock you in for 60 days from the expiration of the current program.
 
2) The residual and money factor does vary by model.. 59% is the correct residual for 3yr/12K.. The residual for 3yr/10K would be 60%.
 
3) They have marked up the money factor the maximum that BMWFS allows. Without a security deposit, the base MF is .0019.. They are charging you .0023 (note the decimal point). With a security deposit the base MF is .00175. The base factor is the lowest allowed, and that is set by BMWFS... Anything higher than that is to build in extra profit for the dealer. It is negotiable... but that doesn't mean they will negotiate it. If you shop around, you may find a dealer that will give you the base rate... or, this dealer may negotiate, once they realize they have competition for your business.
 
regards,
kyfdx
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#167 of 702 Buying a Z4 this weekend by lvrebel

May 12, 2006 (6:29 pm)

Car Man,
 
I'm leasing a 2006 Z4i or si this weekend and would like to get some of your thoughts.
 
I will be turning in a leased 2003 BMW 325i with 16K. The lease was a 36 month term with 12k per year. Since the vehicle is being turned back in with so few miles, can I use that as leverage to get a better deal?
 
In regard to leasing, what should I attempt to negotiate towards? Based on your previous comments, it appears I should be able to get $1500 rebate on the si and should look to negotiate 3 year, MF .0019 with 60% residual. Is this correct? I live in the city and do not drive that much, is there anything lower than 10K per year?
 
Lvrebel

#168 of 702 Re: Buying a Z4 this weekend [lvrebel] by lvrebel

May 14, 2006 (10:26 pm)

Replying to: lvrebel (May 12, 2006 6:29 pm)
Car Man,
 
We went to sit down with BMW this weekend, but the power got knocked in the area and we were not able to truly start working out a deal.
 
After test driving, we decided to go after a Z4 3.0i, but would like additional options Considering that BMWFS has a Lease Special on the 3.0i, we will be able to upgrade the options and still get the same deal?
 
We would also like to increase the term to 36 months instead of 30. What would moving the term do to the negotiated residual. The current offer has a 66% residual.
 
Thank you.
 
Lvrebel

#169 of 702 Re: Leasing payments [buyingz4] by Car_man HOST

May 18, 2006 (2:51 am)

Replying to: buyingz4 (Apr 20, 2006 11:33 am)
Hi Alice. You certainly have an appropriate used id. It appears as though the dealer that you are working with is trying to mark up your car's lease money factor in an effort to add hidden back-end profit to your deal. BMW Financial Services' current buy rate lease money factor for the 2006 Z4 3.0i is only .00175 with the payment of a security deposit (.00125 for the 3.0si). Make sure to insist that this factor us used to calculate your car's lease payment.
 
In your post you mentioned this car's MSRP and dealer invoice price. Are you getting it for dealer invoice? If so, that is a reasonable price. Don't forget though that BMW is currently providing $1,200 dealer cash on the '06 Z4 3.0i, so dealer invoice essentially amounts to $1,200 over invoice.
 
Car_man
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Messages Page 17 of 71

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