Last post on Dec 07, 2013 at 8:45 AM
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BMW Z4, Car Leasing, Convertible
#303 of 712 Re: 2006 Z4 3.0si....GOOD DEAL? [kyfdx]
Jul 31, 2006 (11:39 pm)
Thanks kyfdx, I somehow missed that red text!
We live in the Sacramento area and drove down to BMW of Fremont to sign the paperwork and pick up the car. We ended up going with the 36 mo lease. I drilled the sales guy and the finance guy hard on the money factor, and they would not budge off the .0009 number unless I wanted to make additional security deposits. At that point we had driven two hours and as much as I wanted to turn a walk out the door, I couldn't bring myself to do it, not to mention that this was the only car in all of Northern Cali that had the exact color and options we wanted, and plus my wife would have been really pissed off. I knew we were still getting a good deal so I gave up and we signed the papers and drove our new baby home.
Other than the MF issue, I was very pleased with the buying experience and would recommend this dealer to others. For future reference, any suggestions on how I could have handled the MF issue better other than the "be prepared to walk away" option? Is the MF rate based on credit score? Ours avg. out to 730, which I would think is high enough to qualify for the best rate. Any comments or advice is appreciated.
#304 of 712 Re: 2006 Z4 3.0si....GOOD DEAL? [lalakrsfan]
Aug 01, 2006 (7:03 pm)
I didn't really look at the base price of the car in the lease screens.
I know that the dealer only made about $800 on the car.
Basically on the si:
1. $2,000 dealer cash back. Effectively, this means that the invoice price is reduced by $2,000. If the dealer wants $500 profit, you'll end up $1,500 under the pre-dealer-cash-back invoice price.
2. The lease rates on the si are better than on the 3.0i - coupled with the better dealer cash on the si makes them lease better.
I think you got a great deal at zero down.
Aug 03, 2006 (2:39 pm)
what should the residual be for 15k per year on a 36 month lease of a z4 3.0i? the money factor is .00090 correct?
#306 of 712 Re: Z4 Coupe 3.0si [topspin]
Aug 15, 2006 (2:01 am)
You're welcome, topspin.
Prices Paid Forum
#307 of 712 Re: need help with expectations on lease [slaughter5111]
Aug 15, 2006 (2:09 am)
Hi slaughter5111. This is an interesting time to lease a Z4. BMW is providing very aggressive incentives on it right now, specifically an attractive lease program plus $1,800 dealer cash on the '06 Z4 3.0i roadster. Normally when a vehicle has a high level of incentives it means that dealers are probably willing to sell it for pretty close to dealer invoice. However according to a number of dealers that I have spoken with lately, there aren't many cars out there. If dealer inventory in general and specifically the Z4 is in short supply dealers might now be willing to go as low as one might initially think. You should be able to get a good idea of what sort of selling price to expect to pay for this car by visiting the following discussion: "BMW Z4: Prices Paid & Buying Experience". Once you have an approximate selling price for the exact car that you want let me know and I will be happy to estimate what its monthly payment should be for you.
Prices Paid Forum
#308 of 712 Re: Buying or trading a leased 2004 Z4 [BeamerMan]
Aug 15, 2006 (2:13 am)
Well you certainly are way under your car's mileage allowance, BeamerMan. This definitely increases the chances that it is worth more on the open market than it will cost you to buy it. Check out the discussion that I mentioned earlier to see what the community members in that area think.
Prices Paid Forum
#309 of 712 Re: residual [slaughter5111]
Aug 15, 2006 (2:16 am)
Yes, slaughter5111, the money factor that you mentioned is BMW Financial Services' current buy rate for the 2006 Z4 3.0i roadster. This car's 36 month, 15,000 mile per year residual value is currently 57%. When you are negotiating your lease on it, don't forget about the $1,800 dealer cash that BMW is currently providing on it. It will help you to negotiate an attractive capitalized cost.
Prices Paid Forum
#310 of 712 Re: need help with expectations on lease [Car_man]
Aug 15, 2006 (7:02 am)
When I was looking, there were very few 3.0i's in the system. There were more 3.0si's but most were well optioned.
Given that sales were up significantly in June (by about 50% I believe), there may be little inventory on the ground.
#311 of 712 3.0i lease deal
Aug 18, 2006 (6:20 pm)
Just got a Z4 3.0i, 6MT, ZSP, LAXX, Xenon, Metallic for the following terms:
Selling Price: $35,000
Down Payment: $0
Capped Fees: $825 bank fee + $499 dealer fee
Adj Capped Cost: $36,324
24 months, 12k miles/year
MF: 0.00041 (after 7 addtl security deposits, $3,150)
Base Monthly Payment: $367.84
7% Sales Tax: $25.75
Total Monthly Payment: $393.59
Does that sounds like as good of a deal as I think? I was pretty happy with it...
#312 of 712 assuming a lease
Aug 19, 2006 (5:13 pm)
The Z4 seems like a good candidate for assuming someone else's lease. What do you guys think? I'm not sure I want a roadster for the next two-three years, so I am thinking of picking up the last year or so of someone's lease.