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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: trt333 (Jul 14, 2006 2:34 pm) Car_man Host Prices Paid Forums |
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One local dealer has the following ad: Lease a 2006 Z4 3.0i for $189*/Mo. * = *Payment figures include $2,800 cash or trade equity down as cap cost reduction, for a 24-month lease term with 10k miles per year plus all start up fees and taxes including 1st payment, security deposit, bank fee, and all dealer registration fees. Some in stock vehicles may contain addition equipment at additional cost. Quantities are limited. See dealer for details. Price excludes tax & fees.* NOw I'm assuming that they want $2800 PLUS the first set of 1 month payment, security, all fees, taxes, etc., etc. correct? The value of the car for this is $32,795 (or so they claim = base Z4, manual, few options). Can you guys let me know what's going on and whether this sounds like an ok deal? Oh I forgot the time period is 24 months with 10K/year. I thought that even if you divide out 2800/24 months it's 115 extra per month so total would be around $300 for the lease. Would it be possible to do the 2800 as supplemental payments which I get back at the end? THANKS!!!
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...initially I was thinking they came up with the lease amount by doing: MSRP = 35,600 (base, no options) - $2,800 down payment =========== 32,800 (which is $32,795 that they have). However, also on the site it says "buy this car for $32,795", so does that mean the dealer is taking this "hit" off MSRP themselves???? |
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2006 Z4 3.0si MSRP = $48,043... $500/month (includes 7% tax) on a 36 month 12k miles/year lease with 1473.10 due at signing... Another dealership offered 475/month on basically the same car... but we had already done the deal. If you are patient, you can get great lease deals right now.
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Replying to: lokent (Jul 18, 2006 11:01 pm) Thanks in Advance
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Replying to: lokent (Jul 18, 2006 11:01 pm) Z4 3.0si - Premium, Sport & Xenons $48k MSRP Ended up at $412/month with $2950 total cash at signing (of which $450 was a security deposit). This was a 2yr, 10k miles/year lease. I had two dealers around the above numbers on similiar cars. A couple of key things during my searches: 1. It seems the 3.0si is a better lease 'value' than the 3.0i. More toys for not a huge amount of money more. 2. Work those dealers. Key point is to find a couple that have a car that you will take that is in their stock. 3. Two years lease worked out cheaper than three! 4. Walk in a few days before the end of the month. 5. Basically, if you know roughly where you'll be just tell them where you need to be on the numbers. I walked in and said to each dealer that I needed to be no more than $3k down and under $400/month. I ended up just over but an agressive target early on cuts out some negotiation time. You'll probably need to find a car before naming the price though. Happy hunting. It's a fantastic car. John.
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Can somebody let me know where I can read up on the security deposits that lower your money factor? I need to be very low on my lease cost, and will take a basic car with little options (which I do not need or use anyway). I read here that you can do additional security deposits (up to 7 of them) to lower your money factor, how does that work? THANKS!
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...went and discussed with a dealer, then took that offer to somebody else... Ended up with the best quote as follows: Base 3.0i, no options - $3755 down (of which $1355 are the fees); - $285 per month + tax = 300 total (24 months, 10K/year); Basically out of the $3,755 $2,100 (300 x 7) are the security deposits to lower the MF down, so this cut down the rate to 285. Is it an ok deal, what do you guys think? I test drove the car and it seemed ok, I liked it but wasn't too engaged, seemed a bit sterile. It's ok though. THANKS! |
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I just picked up a Z4 3.0si with an MSRP of $45795. I negotiated to $41100 with a money factor of .0005 over 30 months with 12k miles/year. $0 cap cost reduction, $447/mo including tax. $2200 drive off, including a $500 security deposit, $825 bank fee, DMV, and first month's payment. Good deal?
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Replying to: matthewsjl (Jul 22, 2006 9:20 pm) For example you had $2950 due at signing. $2950 less your security deposit of $450 = $2500. $2500 / 24 months = 104.16/month. $412 + 104.16 = $516/month. $2500 / 36 months = 69 per month... a savings of $35 / month relative to the 24 month program. So they would have had to quote you more than $447 / month (412 + 35 = 447) on a 36 month program for there to be savings over a 24 month program. (assuming $2950 due at signing for both programs) How much over $447 / month did they quote you for the 36 month option?
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