Last post on Dec 07, 2013 at 8:45 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW Z4, Car Leasing, Convertible
#291 of 712 Re: 2006 Z4 3.0i....GOOD DEAL? [ragster07]
Jul 30, 2006 (7:32 am)
Hi ragster07. The dealer invoice price of the car that you described is around $37,225. This means that you are getting your car for right around dealer invoice. This is an OK price, but given the $1,800 dealer cash that BMW is currently providing on this car I personally would shoot for a price that is a little lower. Also, the money factor that you were quoted for this car is a little high. BMW Financial Services' current buy rate lease money factor for the 2006 Z4 3.0i is only .00090 with the payment of a security deposit at lease signing. Make sure that the dealer that you are working with uses this factor to calculate your car's monthly payment.
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#292 of 712 Re: Money Factors and Residual Value Rates [wt1257]
Jul 30, 2006 (7:50 am)
I'm glad that you have enjoyed this discussion so much, wt1257. BMW's lease program for the 3.0i and 3.0is are different. The program that you mentioned is still valid for a 36 month lease of an '06 Z4 3.0i roadster with 10,000 miles per year. If you were to lease with 12,000 miles per year instead of 10,000 miles per, this car's residual value would be 1% lower. BMW is still providing $1,800 dealer cash on '06 Z4 3.0i roadster models and $2,000 on 3.0is roadster models.
Making additional security deposits on a leased vehicle has no impact upon its residual value. Instead additional deposits lower vehicles' money factors. Specifically, BMW FS will lower your vehicle's factor by .00007 for each additional deposit that you make, up to a maximum of seven additional deposits.
Prices Paid Forum
#293 of 712 Re: Buying or trading a leased 2004 Z4 [BeamerMan]
Jul 30, 2006 (8:06 am)
Welcome back, BeamerMan. I;m sorry to hear that you broke your wrist. I hope that you are feeling better now. How far under your car's total mileage allowance are you? I suspect that you are quite a bit under it. At first glance I have a feeling that you probably would be able to buy your car and either sell it on your own or trade it in on a new vehicle and make a little money in the process, but you probably should stop by the following discussion and get the opinion of the community members who hang out there as well: "Real-World Trade-In Values".
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P.S. I'm jealous of your heated garage
#294 of 712 Re: Z4 Coupe 3.0si [Car_man]
Jul 30, 2006 (9:40 am)
Ya the car is beautiful...but that payment is just ugly. =)
They won't budge from MSRP. I guess i'm just going to have to wait.
I might just go for a quick 12 month Infiniti G35 lease and see if the numbers improve next year.
Thanks for the reply...Cheers!
#295 of 712 2006 Z4 3.0si....GOOD DEAL?
Jul 30, 2006 (3:03 pm)
Seems to be a great time to lease a new Z4. I would have never expected that BMW would be so aggressive on pricing and lease deals. My wife has had her eye on a Z4 for awhile and when I saw the deals people we getting I couldn't believe it.
Here is the deal I negotiated today over email/phone with a SF Bay Area dealer. Lucked out that they had the car with the exact options and color we wanted
- '06 Z43.0SI: MSRP $49,345
- Incl. Sport, Premium, Steptronic, heated seats, Xenons
Offered $44,210 and to my surprise they accepted without any haggling. 24 mo. lease with 71% residual and .0009 money factor, the payment is $453.61 + tax. The MF seems to be the only one they are giving me trouble on, as from what I have read here on the board it should be .0005. Is this correct?
We are also considering buying down the MF. If my math is correct, I can make 7 security deposits totaling around $3100, and this will save me about $40 per month on the payment. I don't think I could find a better and safer investment that would pay that kind of interest. Am I missing something here?
All in all, seems like a pretty sweet deal and we plan to drive the 2 hrs to the dealer tomorrow afternoon to pick her up.
Any suggestions on how to get them to move on the MF rate if it should indeed be .0005?
#296 of 712 need help with expectations on lease
Jul 30, 2006 (5:41 pm)
how much should I expect to pay to lease a Z4 3.0i MSRP of 42395 for 36 months and 15k miles per year. What should I be shooting for in regards to price and terms? I am leasing this car in south Florida.
#297 of 712 Re: Buying or trading a leased 2004 Z4 [Car_man]
Jul 31, 2006 (5:54 am)
Thanks Carman. My allowed mileage is 45,000 miles and I have 12k. What do you think? Beamerman.
#298 of 712 Re: 2006 Z4 3.0si....GOOD DEAL? [lalakrsfan]
Jul 31, 2006 (8:33 am)
Do you mind sharing the name of the Bay Area dealer? My local dealers are pretty arrogant since they are the only game in town and I'm willing to drive to the better deal.
#299 of 712 Re: 2006 Z4 3.0si....GOOD DEAL? [lalakrsfan]
Jul 31, 2006 (8:48 am)
What was the cash due at signing. If zero cash down, that sounds like a good deal.
My deal was $2950 down ($450 security deposit in there) and $412/month on 24 months and 10k miles. I believe the MF I had was 0.0005 but it took a single security deposit to get there.
The only option you have over me is steptronic.
The dealer has $1000 profit in the car over invoice less the dealer cash back of $2000.
#300 of 712 Re: 2006 Z4 3.0si....GOOD DEAL? [matthewsjl]
Jul 31, 2006 (10:32 am)
zero cash down on the deal. Now I think I understand, the .0009 they quoted was probably w/o the security deposit. I'll be sure to get the .0005.
I'm not sure what you meant by your last sentence. Are you saying you paid $1000 under invoice on yours?