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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 18 of 71

#171 of 702 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
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#172 of 702 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
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#173 of 702 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
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#174 of 702 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?

#175 of 702 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

#176 of 702 Car-Man? by lopz

May 19, 2006 (7:42 am)

Where are you when we need you?

#177 of 702 Just leased Z4 3.0i in LA Area by andrewinla2

May 22, 2006 (8:35 am)

The MSRP was $39,996.
Negotiated price of $36,767
24 months with $4,000 down
$349 including tax (323 without TAX)per month.
10K miles per year.
 
Was this a good deal?
 
This was McKenna BMW in Norwalk, CA
It was for ad car.

#178 of 702 Low MFs.. (Thanks to leasecompare.com @ bimmerfest) by vsaxena

Jun 05, 2006 (3:46 pm)

The 30 month special residual is 65% for 12K Miles for 3.0
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms
 
Z4 3.0i Convertible / Compare Instant Lease Quotes
 
24 mo/15k mi – Residual Value 69% of MSRP – .00090 Base Money Factor Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00090 Base Money Factor Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00310 Base Money Factor Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00310 Base Money Factor Rate
 
Z4 3.0si Convertible / Compare Instant Lease Quotes
 
24 mo/15k mi – Residual Value 68% of MSRP – .00050 Base Money Factor Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00050 Base Money Factor Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00310 Base Money Factor Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00310 Base Money Factor Rate

#179 of 702 Re: Low MFs.. (Thanks to leasecompare.com @ bimmerfest) [vsaxena] by dhanley

Jun 07, 2006 (12:17 pm)

Replying to: vsaxena (Jun 05, 2006 3:46 pm)
Question: are those really fantastic rates? They do look pretty darn good.
 
I just speced a z4 3.0is at $46,215. In illinois you pay sales tax on the lease up front (grumble). Assuming I get $2000 off sticker, and pay no money down on a 36 month lease, that comes out to $585.48/mo with 12K miles a year.

#180 of 702 Re: Low MFs.. (Thanks to leasecompare.com @ bimmerfest) [dhanley] by kyfdx HOST

Jun 07, 2006 (12:23 pm)

Replying to: dhanley (Jun 07, 2006 12:17 pm)
Don't forget the $2000 dealer cash on that model.. You should probably be shooting for at least $4K off MSRP..
 
And, yes.... those are fantastic rates.. the special 30 month residual is the best deal...
 
regards,
kyfdx
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Messages Page 18 of 71

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