Last post on Dec 07, 2013 at 8:45 AM
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BMW Z4, Car Leasing, Convertible
#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.
#354 of 712 Re: I wonder if my z4 3.0si lease was an okay deal [holoduke]
Nov 05, 2006 (5:52 pm)
It sounds good to me but probaby need the details. Hey, can you give me the name of the dealer? I guess we can't share the salespersons name but the dealer name ought to do.
#355 of 712 Re: I wonder if my z4 3.0si lease was an okay deal [juanito1]
Nov 05, 2006 (9:22 pm)
sure, it was Pacific BMW in Glendale.
About details, I don't know what to state besides the ones I wrote above.
#356 of 712 Re: Please help! 2006 z4 3.0i lease questions [ip79]
Nov 28, 2006 (3:30 am)
No problem, ip79. I don't think that you are being aggressive enough with this car's selling price. If you are able to get one at dealer invoice, like you mentioned in your post, the dealer still gets to keep the whopping $5,000 dealer cash that is available on it. I personally would shoot for at least $4,000 below invoice on this car. Even, $3,000 below is much better than the price that you're shooting for.
Let's work up some lease payments and see what we come up with. According to my calculations, if you were to lease a 2006 BMW Z4 roadster 3.0 with an MSRP of $41,920 and a selling price of $34,255 ($4,000 below invoice) through BMW Financial Services right now for 28 months (this is probably the most attractive term for this model right now) with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $435. With a selling price of only $3,000 under invoice, the payment for an otherwise identical lease would be $474. I used a money factor of .00300 and a residual value of 65% to arrive at these payments.
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#357 of 712 Re: Dealer Incentives and Marketing Support [juanito1]
Nov 28, 2006 (3:41 am)
Hey juanito1. BMW has had dealer cash on the 2006 Z4 for quite some time, but it increased its dealer cash on this model to the current $5,000 / $7,000 level on October 3rd. It is scheduled run through January 2nd.
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#358 of 712 Re: I wonder if my z4 3.0si lease was an okay deal [holoduke]
Nov 28, 2006 (4:38 am)
Hi holoduke. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
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