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BMW Z4, Car Leasing, Convertible
Oct 10, 2006 (2:34 am)
Hi addi. BMW is not currently providing any lease support on the 2006 X4 Coupe. As a result, if you were to lease one through BMW Financial Services, you would have to use its standard lease money factor. Its current standard factor is right in line with the factor that you were quoted. The residual values that you posted are right in line with what the residuals for a lease of this car with 12,000 miles per year are right now.
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#345 of 712 Z4 Coupe
Oct 10, 2006 (5:46 am)
Thanks much for the info. I am thinking of using a new BMW dealer for my next lease. Your info helps me to make that decision. My lease is up March 2007. As we get closer to January 2007, I might have further questions for you. If BMW has a pull-through program, I might have to act sooner.
You are appreciated.
#346 of 712 Car_Man advice
Oct 14, 2006 (11:59 am)
Can you please take a look at these numbers? The dealer is in SE PA. Advice much appreciated.
2006 BMW z4 3.0si roadster
$4,848 Total due at signing
$3,500 Security Deposit
$530 24 Months with 15K/year
Rate after security deposit: 0.00251
#347 of 712 Please help! 2006 z4 3.0i lease questions
Oct 26, 2006 (1:53 pm)
I live in Los Angeles and am looking to lease a 2006 z4 3.0i for 24 month with zero drive off. I would like to add automatic trans, premium package and leather. I am trading in a 2004 Honda Accord EX-V6 fully loaded (all standard features) with 44,000 miles and in great condition (as described by Kelly Blue Book). My payoff on the Accord is $17600. what should i expect my monthly payments to be and what can i reasonably expect to get for the trade-in?
Thank you in advance.
Oct 31, 2006 (2:50 am)
You're very welcome, Addi. Let me know if you have any other questions.
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#349 of 712 Re: Car_Man advice [expunged]
Oct 31, 2006 (2:56 am)
Hi expunged. The money factor that you were quoted for this car is right in line with BMW Financial Services' buy rate for one with seven additional security deposits. This is a good sign because it means that the dealer that you are working with is not trying to mark your car's money factor up to add additional hidden profit to your deal.
I would be happy to give you my opinion of this deal, but you never mentioned this car's selling price. This is a very important number for you as a consumer to know because the selling prices of leased vehicles are negotiable, just as if you were paying cash for them. Without knowing what this car's selling price is, you don't know how much of a discount you are being given on it. BMW is providing a whopping $7,000 dealer cash on the 2006 Z4 3.0si roadster right now, so you should be able to negotiate a very low selling price on one. Find out what this car's price is and I'll let you know what I think.
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#350 of 712 Re: Please help! 2006 z4 3.0i lease questions [ip79]
Oct 31, 2006 (3:04 am)
Hi ip79. In order to figure out what your car's lease payment should be you need to know its selling price. BMW is providing a whopping $5,000 dealer cash on the 2006 Z4 3.0i roadsters right now. This cash will enable you to negotiate a very attractive selling price on one.
There's nothing wrong with trading in your current car when leasing a new one, however it would be in your best interest as a consumer to have the dealer cut you a check for your Accord rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making down payments on leased vehicles. Consumers who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".
Anyhow, find out the Z4's selling price and I'll estimate what its lease payment should be.
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#351 of 712 Re: Please help! 2006 z4 3.0i lease questions [Car_man]
Oct 31, 2006 (10:18 am)
Thank you Car_man for your response!
The invoice on the 2006 Z4, equipped as i want, is $38255 and the MSRP is $41920. let's say the selling price is $38255. I absolutely agree with you regarding not putting any down payment on a lease and i always do zero drive-off. In this case however i may be upside down on the 2004 Accord because of the millage and i would like to roll the negative (if any)into the new lease. The Edmunds value for the Accord is approximately $18000 and my payoff is $17500, but i don't know if this is a realistic amount to expect from a dealer on a trade in. Also, how can i reliably find out what the residual is for the 24,30 and 36 month as well as the money factor/percentage? Again thank you for all your help!
#352 of 712 Dealer Incentives and Marketing Support
Nov 04, 2006 (8:34 am)
The family is looking at another Z4. I couldn't find anything else on the web indicating the incentives. Are you saying there is now $5K dealer cash on a 3.0i and $7K dealer cash on the 3.0si? When did this start and how long is this incentive marked for at BMW? If that is the case, the deals are better than ever if my area has inventory.
#353 of 712 I wonder if my z4 3.0si lease was an okay deal
Nov 05, 2006 (5:45 pm)
I got my Z4 3.0si last tuesday. (October 31, 2006)
The deal was..
Metalic Color (Titanium Silver)
Hardtop prep (didn't ask for it, but anyway...)
Total money due at signing was $3,400 which includes 1st mo payment + registration + downpayment.
$395/mo including tax.
It's a 24 month lease with 10000miles/yr.
Can somebody tell me if this was a good or bad deal and also let me know what the money factor was?
I live in Los Angeles county by the way.