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BMW Z4 Lease Questions

573 messages,  Last post on Jul 21, 2008 at 3:29 AM

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

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#167 of 573 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 Replies to this message: lvrebel (May 14, 2006 10:26 pm) Car_man (May 18, 2006 3:11 am) Car_man (May 18, 2006 3:07 am)
#168 of 573 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 Replies to this message: Car_man (May 18, 2006 3:11 am)
#169 of 573 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 Host Smart Shopper / Prices Paid Forums
#170 of 573 Re: Z4 Lease Info [jmcmbz] by Car_man HOST May 18, 2006 (2:53 am)
Replying to: jmcmbz (Apr 20, 2006 8:08 pm) You're welcome, jmcmbz.   Car_man Host Smart Shopper / Prices Paid Forums
#171 of 573 Re: Leasing payments [lopz] by Car_man HOST May 18, 2006 (3:01 am)
Replying to: lopz (Apr 22, 2006 5:23 pm) No problem, lopz. You were smart to read those articles. Consumers who try to lease vehicles without understanding how it works are often taken advantage of. According to the latest information that I have seen, if you were to lease a 2006 BMW Z4 3.0i convertible through BMW Financial Services right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00175 and 59%, respectively. The numbers for an otherwise identical lease of an '06 Z4 3.0si .00125 and 59%. When negotiating your lease on the Z4 that you want, make sure to take the $1,200 dealer cash that is available on the 3.0i convertible and $1,500 that is on the 3.0si into account. This cash will help you to negotiate an attractive capitalized cost.   BMW is not currently providing any sort of lease support on the M roadster. As a result, if you were to lease one through BMW FS right now, you would have to use its standard lease money factor. Its standard factor varies depending upon what part of the country one is in, but it should be around .00310 right now. BMW FS' 36 month, 12,000 mile per year residual value for the '06 M roadster is currently 56%.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: lopz (May 18, 2006 9:14 am) Car_man (Jun 08, 2006 4:04 am)
#172 of 573 Re: Buying a Z4 this weekend [lvrebel] by Car_man HOST May 18, 2006 (3:07 am)
Replying to: lvrebel (May 12, 2006 6:29 pm) Hi Lvrebel. Unless your current car is worth considerably less than its lease-end purchase option price and you can convince the dealer that you are working with to take your current leased vehicle as a trade, the fact that you are well below your allowed mileage will not help you get a better deal on your new car.   The two most important aspects of leases to focus on are vehicles' selling prices and their money factors. Try to negotiate as attractive a selling price as possible on the new Z4 that you are interested in, taking the dealer cash that is currently available on it into account. Once you have arrived at an attractive price, have the dealer that you are working with use BMW Financial Services' buy rate lease money factor, .00125 for 36 months, to calculate its monthly payment. I believe that 10,000 miles per year is the lowest mileage allowance that BMW FS offers.   Car_man Host Smart Shopper / Prices Paid Forums
#173 of 573 Re: Buying a Z4 this weekend [lvrebel] by Car_man HOST May 18, 2006 (3:11 am)
Replying to: lvrebel (May 14, 2006 10:26 pm) Hey Lvrebel. The fact that you want additional options on your Z4 will have no impact upon its lease program. The only thing that adding extra options will do is increase your car's price and in turn increase its monthly payment.   Are you sure that the 66% residual value that you mentioned is right? BMW Financial Services' current residual value for a 30 month lease of an '06 Z3 3.0i roadster is only 56% with 15,000 miles per year. If you were to lease for 36 months, the residual would drop to 51% with 15,000 miles per year.   Car_man Host Smart Shopper / Prices Paid Forums
#174 of 573 Re: Leasing payments [Car_man] by lopz May 18, 2006 (9:14 am)
Replying to: Car_man (May 18, 2006 3:01 am) Car Man,   In April I ordered a 3.0si, with the intention of leasing for 24 mo., 12k miles (residual 70%). I was offered an $1,800 discount and a money rate of .00165, which I had read in this forum was the going money rate at the time. Now you tell us that the money factor is .00125. Does this mean that the .00165 included the .0004 the dealer can tag on and I didn't realize it or that the money factor has dropped .0004 from what it was in April? The car has now arrived and I'm ready to close at the end of May (I'm out of town until then), and I'd like to know if I can still get the now lower money factor or I should honor the original aggreement. By the way, when you say the residual is 59% you mean on a 36-month/12k, not a 24-month/12k lease, correct? Replies to this message: Car_man (Jun 08, 2006 4:04 am)
#175 of 573 Thoughts? by lvrebel May 18, 2006 (3:58 pm)
Car Man,   I am just about to complete a deal for a Z4 3.0si. They have offered price of $47082.25 ($862 over invoice), MSRP is $50670, with a residual of 60% and MF of .00165. They did not want to come down on the MF so they adjusted the invoice price down. I am putting down $3000. They are not charging security deposit or any additional charges (except county taxes, registration). What are your thoughts on this deal?   Thanks. Lvrebel Replies to this message: Car_man (Jun 08, 2006 4:06 am)
#176 of 573 Car-Man? by lopz May 19, 2006 (7:42 am)
Where are you when we need you?

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