Last post on Dec 07, 2013 at 8:45 AM
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BMW Z4, Car Leasing, Convertible
#278 of 712 Re: 2006 Z4 3.0si [topspin]
Jul 24, 2006 (8:52 pm)
I am currently traveling in China on business and do not have access to the lease details.
The dealership was Global Imports in Atlanta, Georgia.
I am pretty sure that the money factor was the captive rate of .00005...
My money due at signing included the $500 security deposit.
I think that the residual percentage is set by BMW financial and cannot be modified by the dealership. You can find the residual % on the web for a 2006 Z4 3.0si...
The amount due at signing was a little complicated because we paid for the $400 OEM wind deflector in the money due at signing. They gave it to us at dealer cost and I cannot remember the agreed to amount. The rest of the amount due at signing were standard fees.
#279 of 712 Re: 2006 Z4 3.0si [lokent]
Jul 26, 2006 (6:48 am)
You're absolutely right about the two year vs three year lease thing.
I can't remember the numbers in detail now but we tried 24, 30 and 36 months in the calculator at the dealer. It just worked out that for some reason 24 months worked out better. It wasn't much better - we're talking less than five dollars difference.
I see what you're saying about the cash down. That's a really good way to look at it. If you then take the cash down proportionally for a two year lease, yes, it works out more expensive than a 3 year lease.
I'm still happy with a pretty loaded 3.0si over two years for $412!
#280 of 712 Z4 Coupe 3.0si
Jul 26, 2006 (7:23 pm)
Anyone try leasing a Z4 Coupe 3.0si yet? Couple weeks ago I was being quoted $900+ for 36mos /15k /$1500 drive off (res 50% / .00315 mf) I think the msrp was around $46,000.
#281 of 712 2006 Z4 3.0i....GOOD DEAL?
Jul 26, 2006 (8:23 pm)
Spoke to a dealer today and here is the deal I managed to negotiate out for a 30-month, 10000 miles/yr lease on a 3.0i 6-MT with Metallic Paint, Premium Package and Premium Sound System.
Base Cap Cost: $37350 + $695 (acquisition fee) = $38045
Down Payment: $200
Net Cap Cost: $37845
Money Factor: .00115
Monthly Pay: 437.43 + tax
Is this good enough to go for it? I'm new on the leasing front, and would appreciate any advice. Thanks.
#282 of 712 Re: 2006 Z4 3.0si [matthewsjl]
Jul 28, 2006 (9:58 am)
You should be happy. You got a great deal on an amazing car. Many may prefer a 24 month lease to a 36 month lease and would jump at the opportunity to get such a great deal.
This is great information to know.
#283 of 712 Re: 2006 Z4 3.0i....GOOD DEAL? [ragster07]
Jul 28, 2006 (10:14 am)
Still looks like a good deal but i think they're getting you a bit on the residual. As i understand from Carman, the 15k/yr has a residual of 65%. 12K 67% and 10k68%. So you have a few pts of negotiating it seems.
#284 of 712 Re: 2006 Z4 3.0i....GOOD DEAL? [ragster07]
Jul 28, 2006 (10:21 am)
I don't think this is a very good deal...
It has been possible to lease a similarly equipped 3.0si (MSRP around $48,000) with a 36 month/12k mile lease for around $465/month (before tax) with a similar dive-off.
You could probably get a little better deal on a 10k / year lease. The captive money factor for the 3.0si has been much better than the 3.0i and in my opinion is the best option for a lease.
#285 of 712 Money Factors and Residual Value Rates
Jul 28, 2006 (11:02 am)
I'm looking to lease an 06 Z4 and wanted to clarify on the going money factor and residual rates. Car_man stated a whlie back that the MF for a 3YR/10K lease was .0009 with a residual of 60%. Is this still the case and how much do these change with by bumping the lease up to 12K a year?
What about moving to a 2.5YR lease? Also, is the $1800 dealer cash still being offered?
Finally, here has been much discussion about paying sec. deposits instead of actual money down...do these additional sec. deposits change the residual rate?
Great discussion here and this has been really a lot of hepl already. Thanks.
#286 of 712 Buying or trading a leased 2004 Z4
Jul 29, 2006 (11:35 am)
Well Carman you helped me get this 04 z4 and now maybe can help again. OK here we go. I have 12 months remaining at 547.00/month. I only have 12,000 miles on the car,broke my wrist a year ago. The buyback is 25,000.00. What would you do? I understand if I buy it back I would pay 5 percent taxes again. I live in Maryland. I also hear d I could trade in for the equity. Right now the car books for 32,500.00 so I could have 7000.00 in profit if I sold it. The car is primo. kept in a heated garage and detailed every 4 months. Please give me your usual excellent advice.
#287 of 712 Re: What's iffy with this deal? [dantm]
Jul 30, 2006 (6:48 am)
Hi dantm. It is difficult for me to say what the advertised lease that you saw includes without actually taking a look at it. Having said this, given its unbelievably low monthly payment I think that it is safe to assume that the entire $2,800 is a capitalized cost reduction and that you would still have to pay your car's first month's payment, security deposit, and acquisition fee on top of that.
You would be better off making additional security deposits on your lease than making a large down payment. BMW Financial Services allows consumers to make up to seven additional deposits on leased vehicles. Each additional deposit lowers your car's money factor by .00007. The lower your vehicle's money factor is, the lower its monthly payment will be. The advantage of making additional security deposits is unlike down payments you actually get your deposits back at lease-end.
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