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Prices Paid: Buying & Leasing Experiences BMW Z4 Lease Questions
612 messages, Last post on Dec 06, 2009 at 8:21 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: juanito1 (Jul 07, 2006 9:28 am) Mac
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Replying to: sloguy99 (Jul 07, 2006 2:25 pm) |
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I ran across this deal advertising a 2006 z4 3.0i lease for $224/month (24 months), $2500 down + tax,tag,title,deposit. I'm new to leases and am looking for a 2-year lease to try out a convertible before I make a purchase commitment. This deal seems a little too good to be true. Should I ask for more information? Is there anything in particular I should ask about to make sure I'm not getting reeled in? Thanks.
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Replying to: shinybean (Jul 09, 2006 5:09 am) Ask about the fees... One fee that I'm sure you'll find, and that is legitimate is the acquisition fee.. The base fee is $625, but dealers are permitted to mark it up to $825.. Then, you might get a "dealer fee", or "document fee" or "PDI fee" or "Prep fee".. All of these are garbage fees and only serve to add to dealer profit... Without fees, the deal looks great.... If you roll the $2500 downpayment into the lease, you are around $330/mo. with nothing down... However, add in a marked up acquisition fee and $500 of other miscellaneous fees and then the deal is just okay... You really need to know the details and the final numbers.. This could turn out to be a great deal, but you might have to negotiate on the final numbers. What makes the Z4 lease deals so great, is the program offered by BMWFS.... What can make them not so good is the dealer fee add-ons, and money factor mark-ups... regards, kyfdx
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Replying to: juanito1 (Jul 02, 2006 9:31 pm)  . Car_man Host Prices Paid Forums |
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Replying to: sloguy99 (Jul 04, 2006 10:24 am) Car_man Host Prices Paid Forums |
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Replying to: Car_man (Jul 02, 2006 6:27 am)
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Replying to: kyfdx (Jul 09, 2006 7:32 am) $3994 down with 6% assumed tax = $239.64 1st payment = 237.44 Refundable Security Deposit = $250.00 Doc fee = 399.00 Doc Fee Tax = 23.94 Tag Fee = $42.00 Total _______________ $5186.02 I don't know what happened to the $2500 down. I'm guessing the acquisition fee is wrapped up in there. I know the $400 document fee is BS. Based on this , it looks like I'd be paying a little over $10K over two years. It averages around $420/month assuming i get the security deposit back. Any advice? Should I email back and say I won't pay the doc fees and ask why the down payment went up? Thanks again.
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Replying to: shinybean (Jul 11, 2006 2:40 pm) Yeah.. that would be a good way to start... I'm sure they are adding $625 or $825 for the acquisition fee, but it looks more like $1200 added into the down payment, plus $400 for a doc fee.... It sure looks like you could pare $900-$1000 off of your upfronts.... That brings your monthly cost down to about $380.. which would be really good.. regards, kyfdx |
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If you get your upfronts down to, say... $4200, then I'd want to roll about $3000 of that into the lease... Sure, it will add $125/mo. to the lease payment... but, I'd rather have the money in my pocket... The total cost is about the same.. regards, kyfdx
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