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Prices Paid: Buying & Leasing Experiences BMW Z4 Lease Questions
573 messages, Last post on Jul 21, 2008 at 3:29 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: thewyz (Sep 15, 2005 5:31 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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You're welcome foxyroxy. Thank you for the kind words  . Car_man Host Smart Shopper / Prices Paid Forums |
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Hi thewyz. Given the fact that BMW is currently providing $4,500 dealer cash on the 2005 Z4 3.0, you should be able to get one for well below dealer invoice. Shoot for $39,000 to $39,500 on the car that you are interested in and see what happens. For additional feedback on how much you should pay for this car, make sure to stop by the following discussion: "BMW Z4: Prices Paid & Buying Experience". 24 months is definitely the way to go when leasing a 2005 Z4 right now. BMW's money factor for that term, .00100, is half of what it is for longer leases. You absolutely should insist that the dealer that you are working with use BMW's buy rate money factor to calculate your car's lease payment. Remember that your factor will be a little higher if you opt to have your security deposit or acquisition fee waived. Using BMW's base lease program for this car, an MSRP of $47,000 and a selling price of $39,500, I estimate that it should have a 24 month, 12,000 miles per year, zero down, pre-tax monthly payment of around $482. Car_man Host Smart Shopper / Prices Paid Forums |
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Hey thewyz. Not only is the second dealer that you got a quote from marking up your car's money factor quite a bit, but they are also marking-up BMW Financial Services' base acquisition fee by $200. I personally would not do business with them unless they budged on these two items. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 20, 2005 3:17 am) I've contacted four dealers in the area (first 4 within 100 miles) and they all insist that the MF and acquisition fee markup is "standard" and that all deallers add to it. Any advise on how to be more persuasive? Is it possible to deal with BMW finance directly instead of going through the dealer?
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Car_Man: Need your help. Looking to lease a Z4 in Oklahoma City. No other dealer within 100 miles. The MSRP is $47,994. They are offering .0014 money factor. Appears they have marked up money factor from other messages. The MSRP is $47994, and agreed to a purchase price $41,494, approx. $2500 under invoice. They are offering $560 per month (after some negotiation) for 24 month lease, 10k per year , with following down; first month ($560), security ($600), tax, title, and license ($1575, OK charges 3.25% use tax on full value of vehicle, whether leased or purchased), for a total of $2675 down at time of purchase. It sounds to me getting the money factor at .001 would save about $25 - $30 per month. It appears you believe I should get another $1000 off price. That all taken into consideration, what do you think a fair lease is, with the down payment shown above, considering I would have to go to Dallas to deal with another dealer. Thanks Frank |
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Replying to: thewyz (Sep 20, 2005 5:36 am) |
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No problem thewyz. Unfortunately, you cannot deal directly through BMW Financial Services. You have to go through a BMW dealer to lease your new Z4. The marking-up of vehicles' lease money factors is not required by BMW. While many dealers mark factors up, if it comes down to selling a car or not selling a car most will do away with the mark-up and use the buy rate money factor to calculate a vehicle's payment. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi Frank. The fact that there are no other BMW dealers within 100 miles doesn't help your bargaining position any. As you seem to already be aware, it appears as though there is some money factor mark-up going on with your deal. $2,500 under dealer invoice would be a great deal for a 2005 Z4 2.5i because there is only $2,500 dealer cash on it right now. However, it looks as though you are getting the 3.0L model. BMW is currently providing $4,500 dealer cash on the '05 Z4 3.0i, which means that you are really getting this car for around $2,000 over invoice. I suppose that this isn't bad given the lack of competition in your area, but I have definitely seen better deals on this car. Car_man Host Smart Shopper / Prices Paid Forums |
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First of all, I would like to thank everyone for their valuable information that we all can learn from...... Secondly, I need some numbers and opinions....... This is what I want to order - 2005 Z4 2.5i Toledo Blue Metallic (Exterior) Beige leather (Interior) Light Popular Grain Wood Trim Black fully-auto soft-top Power front seats MANUAL TRANSMISSION Wind Deflector This is the dealer's offer: $34,365 plus Tax 6%, New tag retail $250.00, Transfer $150.00, Dealer Fee $379.50, Lemon Law fee $2.00, Tire,Battery fee $6.50. If you Lease there is a Lease Fee of $70.49 to the State of Florida. Questions: 1- what amount is the sales tax applied to (cap cost, lease cost, etc.)? 2- what are the residual values for 36, 39 and 48 month leases? what should money factors be, respectively? 3-TMV 'What Others are Paying' is $35,106. Is this a good deal? Thank you! |
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