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BMW Z4 Lease Questions

613 messages,  Last post on Dec 07, 2009 at 6:31 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#239 of 613
Re: Incentives typically continue.. [kyfdx] by leaze4
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.
#240 of 613
Re: Current Z4 Lease Program [tee7788] by Car_man HOST
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.
 
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#241 of 613
Re: Carman, ready to order new Z4 this week, please help [dagsz4] by Car_man HOST
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.
 
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#242 of 613
Re: Any good quotes from Southern California BMW dealerships ? [theprod] by Car_man HOST
Jul 02, 2006 (6:39 am)
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Replying to: theprod (Jun 21, 2006 3:56 pm)

Welcome theprod. BMW has an outstanding lease program on the Z4 right now. If I could get a roadster, it's tough to fit my entire family in one , I would strongly consider this car. Its lease program is way better than its competitors' programs, like the Mercedes-Benz SLK or the Nissan 350Z. BMW's lease program for the Z4 is different for the 3.0i and the 3.0si. Furthermore, it varies depending upon low long you lease for and how many miles per year you are allowed to drive. If you were to lease an '06 BMW Z4 3.0i through BMW Financial Services right now for 36 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00090 and 60%, respectively. Not only is this car's lease program outstanding, but BMW is providing $1,800 dealer cash on it as well. Make sure to take this dealer cash into account when negotiating your car's capitalized cost. With it, you should be able to negotiate a lower selling price than the one that BMW's advertised lease is based upon if you are in an area that has a decent level of competition.
 
The only problem with the Z4 right now is that most BMW dealers have a surprisingly low level of inventory of them. If you want to take immediate delivery of a Z4, you will have a limited choice of options and colors to choose from. Of course, if you are not in as big a hurry you can always lock in the current lease program and have the dealer order one for you.
 
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#243 of 613
Re: Ways to lock-in the incredible lease rates? [juanito1] by Car_man HOST
Jul 02, 2006 (6:48 am)
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Replying to: juanito1 (Jun 22, 2006 6:10 pm)

Hi juanito1. A few days ago BMW extended its fantastic lease program on the Z4 through the end of August! So those of you who are considering picking up a cool roadster can do so at any point this summer .
 
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#244 of 613
Re: Z4 3.0si Lease [sloguy99] by Car_man HOST
Jul 02, 2006 (6:51 am)
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Replying to: sloguy99 (Jun 23, 2006 11:42 pm)

Welcome aboard Mac. You need to find out the selling price of the car that you want. The selling prices of leased vehicles are always negotiable. It is difficult to tell how good a deal you are getting without knowing this number. Not only will it show how much of a discount the dealer that you are working with is giving you, but it will enable you to estimate what your car's monthly payment should be. If you provide me with this number, I will be more than happy to give you my opinion of this deal.
 
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#245 of 613
Re: Lease Rates Ending? [juanito1] by Car_man HOST
Jul 02, 2006 (6:54 am)
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Replying to: juanito1 (Jun 26, 2006 7:25 am)

Hi juanito1. Late last week BMW extended its special lease program on the 2006 Z4 through August 31st.
 
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#246 of 613
Re: Incentives typically continue.. [leaze4] by Car_man HOST
Jul 02, 2006 (6:55 am)
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Replying to: leaze4 (Jun 28, 2006 10:01 am)

Congratulations on your new car, leaze4. Enjoy!
 
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#247 of 613
Re: Ways to lock-in the incredible lease rates? [Car_man] by juanito1
Jul 02, 2006 (9:31 pm)
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Replying to: Car_man (Jul 02, 2006 6:48 am)

Sweet!! Thanks Carman for all the great info. Just got the new job offer and bonus so will be buying mine off the lot next week. Also thanks again for confirming the ability to buy down the MF with extra SD's. I'll go with the zero down with 8 SD's (initial + seven extra).
#248 of 613
Re: Z4 3.0si Lease [Car_man] by sloguy99
Jul 04, 2006 (10:24 am)
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Replying to: Car_man (Jul 02, 2006 6:51 am)

Hello Car_man,
 
The car is a Z4 3.0si MSRP $48,070 (Met Paint, Premium & Sport Pkgs, Xeon Lights, Heated Seats), 12K miles per year, 3 year lease. She automatically set the selling price to Invoice ($43,800), Bank Fee $825, MF .0009, Residual of %59, No Down, which came to $591 including tax, $551 w/o tax. The drive off is $900 (1st payment plus tax and registration). I am located in Sacramento Ca where we have a tax rate of %7.75. Lease guide says it should be about $558 with tax. Is this correct? Any advice would be helpful. My TT lease ends on the 24th and I plan on getting the Z4 on the 17th.
 
Thanks in advance,
 
Mac

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