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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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#257 of 613
Re: Scam or good deal? [kyfdx] by shinybean
Jul 11, 2006 (2:40 pm)
Reply

Replying to: kyfdx (Jul 09, 2006 7:32 am)

Thanks much kyfdx. I emailed them and here's the breakdown they sent back:
 
$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.
#258 of 613
Re: Scam or good deal? [shinybean] by kyfdx HOST
Jul 11, 2006 (5:19 pm)
Reply

Replying to: shinybean (Jul 11, 2006 2:40 pm)

"Should I email back and say I won't pay the doc fees and ask why the down payment went up?"
 
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
#259 of 613
Also... by kyfdx HOST
Jul 11, 2006 (5:22 pm)
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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
#260 of 613
Re: Also... [kyfdx] by shinybean
Jul 11, 2006 (6:00 pm)
Reply

Replying to: kyfdx (Jul 11, 2006 5:22 pm)

Thank you again. Your help is much appreciated. I asked him to knock $1000 off the upfront and roll the bulk of the remainder into the payment. That much up front does make me a little nervous. I'll post the results.
#261 of 613
New Z4 3.0si lease by mburgh711
Jul 12, 2006 (4:38 pm)
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I just leased Z4 3.0si Premium pkge, heated seats, auto. Can I just say... LOVE the car. If anyone is considering the car, get it. I cant see a better Car value out there. The SI seems a much better choice given the extra standard equipment and lower money factor.
 
Paying 458/month, 30months, 10k miles - I hope its a good deal:)
Paid aquisition,first,security, title/plates,upfront $1818.00
Basically $1200 dealer profit or 800 under invoice. I havent seen enough "deals" posted recently on here so I hope this helps any shoppers.
Could have got the car $500 dealer profit because of a competitive situation but didnt want to wait 4 weeks in July to order.
#262 of 613
Re: New Z4 3.0si lease [mburgh711] by topspin
Jul 13, 2006 (2:40 pm)
Reply

Replying to: mburgh711 (Jul 12, 2006 4:38 pm)

Sounds like a pretty good deal. What was your MSRP and negotiated price? Did you get .00050 mf and 65% res?
 
Thanks In Advance
#263 of 613
Z4 3.0si lease dealer cash question by urqmvsu
Jul 14, 2006 (7:09 am)
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Currently working a lease deal for an on the ground 3.0si for July with known $2000 dealer cash (options not exactly configured as desired).I am aware of the great lease rates/residuals on a 30 month lease.
Dealer originally told me could also order for delivery prior to 8/31/06 as lease money factors will be the same and dealer cash would also be available. Now being told that no dealer cash will be available for August delivery.
 
Question: Do you know if indeed BMW announced this early that no dealer cash in August ..or a ploy to have me act on current on the ground Z4. In research appears dealer cash has been increasing and available since April. Is it worth the risk to wait until early August to order once dealer cash is known? Do not want a surprise if order now.
 
Thanks
#264 of 613
Lease Question & Problem w/2006 Z4 by trt333
Jul 14, 2006 (2:34 pm)
Reply
Hi, I'd appreciate some advice. I just leased a 2006 Z4 and I'm having a problem...when I stop at a red light, after about 7 seconds, the car downshifts, causing an appreciable jolt. Has anyone else experienced this problem? At first the dealership stated that this was NOT normal, then after a "software update" was unsuccessful they stated that this was a feature of the new motor called neutral idle control.
 
Also, Car_Man, or anyone else...did I get a good or bad deal?
 
36month lease with $4,000 down and $409/mo. The sticker price of the car was $43,120 but we negociated down to $38,800. There was also a $500 refundable security deposit.
 
I'd greatly appreciate any help. Thanks a lot.
#266 of 613
Re: Carman, ready to order new Z4 this week, please help [adam90] by Car_man HOST
Jul 16, 2006 (5:43 am)
Reply

Replying to: adam90 (Jul 11, 2006 8:42 am)

Rather than using the $3,000 that you are considering using as a capitalized cost reduction, aka a down payment, for your Z4 you can use this money to make additional security deposits on it. Each additional deposit reduced the money factor that is used to calculate the interest portion of your car's monthly payment by .00007. Consumers are allowed to make up to an additional seven deposits on leases through BMW Financial Services, provided their money factor does not drop below zero. The advantage of making additional security deposits over a down payment is that like a down payment the deposits cause your monthly payment to drop, but unlike a down payment you actually get your security deposits back when you return your vehicle.
 
Car_man
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