- #232 of 610
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Lease payment adjustment for mileage?
by tomclarke1
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Jun 25, 2006 (6:52 pm)
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Interested in advertised Z4 lease/30month/329monthly/10,000miles a yr
Question is, if I need to lease for approx 15,000 miles a yr, how much should
my lease rate rise...is there a rule of thumb.....what is the math? thanx
Anything else to consider?
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- #233 of 610
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Re: Lease payment adjustment for mileage? [tomclarke1]
by kyfdx HOST
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Jun 26, 2006 (2:55 am)
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Replying to: tomclarke1 (Jun 25, 2006 6:52 pm)
In this case, the residual will be 3% lower than a 10K/yr lease..
On a $40K car that will add $1200 to your depreciation... For a 30 month loan, about $40/mo. more..
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- #234 of 610
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Lease Rates Ending?
by juanito1
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Jun 26, 2006 (7:25 am)
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Kyfdx:
Do you know if these fabulous Z4 lease rates end at the end of the month or will they typically continue?
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- #235 of 610
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Re: Lease Rates Ending? [juanito1]
by kyfdx HOST
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Jun 26, 2006 (7:37 am)
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Replying to: juanito1 (Jun 26, 2006 7:25 am)
I wouldn't hazard a guess on the rates... The factory to dealer cash rarely goes away, but lease incentives can vary a lot...
They put these incentives in place to move cars... Who knows how successful that has been?
If you are wondering if you should wait for maybe a better deal? Absolutely no idea.... The deals are good now.. they may be better or worse next month... No way to know ahead of time...
Sorry...
kyfdx
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- #236 of 610
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Re: Incentives typically continue.. [kyfdx]
by leaze4
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Jun 26, 2006 (9:58 am)
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Replying to: kyfdx (Jun 23, 2006 3:23 pm)
I focused on the payment, but edmunds says the MSRP is 37,045. Final offer is 24mo/24K, $629 due at signing (1st mo. payment + tags/registration for 2 yrs) and $429/mo. It includes a 10% tax (DC) per month.
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- #237 of 610
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Re: Incentives typically continue.. [leaze4]
by kyfdx HOST
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Jun 26, 2006 (11:35 am)
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Replying to: leaze4 (Jun 26, 2006 9:58 am)
That actually looks pretty darn good...
Nothing wrong with focusing on the payment, if you are also focusing on your upfront money... After all... you are renting the car by the month..
That sure looks like a cheap way to drive a $37K car for two years...
Congratulations!
kyfdx
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- #238 of 610
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Re: Lease Rates Ending?
by juanito1
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Jun 26, 2006 (12:06 pm)
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Replying to: kyfdx (Jun 26, 2006 7:37 am)
Thanks. I'll take my chances until the end of the holiday weekend. The 9 units on the lot have not moved in two months at both local dealers in my area.
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- #239 of 610
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Re: Incentives typically continue.. [kyfdx]
by leaze4
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Jun 28, 2006 (10:01 am)
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Replying to: kyfdx (Jun 26, 2006 11:35 am)
Thanks for all the information in the thread, it certainly helped as I was dealing with the sales managers, & got me from $495/mo to $429(incl. tax)/mo with no upfront money (24K/24mo). It certainly allowed me to deal from a better position. Thanks again.
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- #240 of 610
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Re: Current Z4 Lease Program [tee7788]
by Car_man HOST
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Jul 02, 2006 (6:16 am)
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Replying to: tee7788 (Jun 10, 2006 7:27 am)
Hey tee7788. What is thie car's full MSRP? This number would be helpful for me because it will show me how much of a discount you are being given and it will enable me to calculate what your lease payment should be using BMW FS' actual lease program. Let me know and I'll tell you what I think.
Car_man
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Prices Paid Forums
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- #241 of 610
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Re: Carman, ready to order new Z4 this week, please help [dagsz4]
by Car_man HOST
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Jul 02, 2006 (6:27 am)
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Replying to: dagsz4 (Jun 13, 2006 4:36 am)
Hi dagsz4. Let me begin by saying that you definitely should not put $4,000 down when leasing. Consumers can and should lease any vehicle that they are interested in without making any sort of capitalized cost reduction. If you put thousands of dollars down, you risk losing your money if your car is totaled in an accident or stolen and never recovered. All you have to pay at lease signing are your vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment, BMW FS' $595 acquisition fee, and any required taxes or fees. If you have the money to make a large down payment, you would be better off using it to make multiple security deposits on your lease. BMW Financial Services allows lessees to buy down their vehicles' money factors by making additional deposits. For every extra deposit that you make (up to seven extra), the money factor that is used to reduce your car's payment is reduced by .00007. Making additional deposits is better than making a cap cost reduction because unlike with a down payment you actually get the extra deposits back at lease-end.
You should be able to get an idea of how much you should pay for this car right now no visiting the following discussion: "BMW Z4: Prices Paid & Buying Experience" . When negotiating your deal, make sure to take the $1,800 dealer cash that BMW is currently providing on it into account.
Car_man
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Prices Paid Forums
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