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BMW Z4 Lease Questions

702 messages,  Last post on Apr 21, 2013 at 2:53 PM

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What is this discussion about? BMW Z4, Car Leasing, Convertible

Messages Page 37 of 71

#356 of 702 Re: Please help! 2006 z4 3.0i lease questions [ip79] by Car_man HOST

Nov 28, 2006 (4:30 am)

Replying to: ip79 (Oct 31, 2006 11:18 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.
 
Car_man
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#357 of 702 Re: Dealer Incentives and Marketing Support [juanito1] by Car_man HOST

Nov 28, 2006 (4:41 am)

Replying to: juanito1 (Nov 04, 2006 9:34 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.
 
Car_man
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Prices Paid Forum

#358 of 702 Re: I wonder if my z4 3.0si lease was an okay deal [holoduke] by Car_man HOST

Nov 28, 2006 (5:38 am)

Replying to: holoduke (Nov 05, 2006 6:45 pm)
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.
 
Car_man
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Prices Paid Forum

#359 of 702 Re: Please help! 2006 z4 3.0i lease questions [Car_man] by ip79

Nov 28, 2006 (11:02 am)

Replying to: Car_man (Nov 28, 2006 4:30 am)
Thanks again Car_man! Two quick follow-up questions, if i may? 1. When does the incentive on 2006 Z4's end? 2. What can i reasonably expect to get in the traid for my 2004 Accord V6 EX with 46,000 miles in excellent condition?

#360 of 702 2007 Z4 by garota

Nov 28, 2006 (4:36 pm)

Here is the offer I'm getting from a dealer (who is also telling me that the 2006 Z4 3.0i's are in short supply in the western region...is that true? how can I find out?. Also, the dealer cash does not apply to the 2007, according to the dealer.
 
It is a 2007 Alpine White on Black Leatherette Z4 3.0i. It has the fully automatic soft top, the bluetooth and BMW Assist combination, heated front seats, and steptronic automatic transmission.
 
MSRP: $40445
Selling: $39445
Residual: 63%
Interest: .0019
Term: 36
Miles: 45,000
 
Total Due at signing: 1558.87
Security Deposit: 600
Payment incl tax: $587

#361 of 702 Re: Please help! 2006 z4 3.0i lease questions [ip79] by Car_man HOST

Nov 29, 2006 (3:22 am)

Replying to: ip79 (Nov 28, 2006 11:02 am)
No problem, ip79. BMW's current incentive program is scheduled to run through January 2nd. As far as your Accord goes, you can find out approximately what it is worth as a trade 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".
 
Car_man
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Prices Paid Forum

#362 of 702 Re: 2007 Z4 [garota] by Car_man HOST

Nov 29, 2006 (3:33 am)

Replying to: garota (Nov 28, 2006 4:36 pm)
Hi garota. What you were told about the dealer cash not being available on 2007 models is correct. While I am not intimately familiar with what the inventory situation is like for this model in your area, I suspect that most dealers probably are running fairly low on leftover 2006 Z4s by now. I actually was a little surprised when BMW initially introduced its aggressive promotion on the 2006 Z4 because most of the dealers in my area did not even have many in inventory back then.
 
As far as the specific deal that you were quoted goes, I believe that the car that you described has a spread of slightly over $3,000 between its full MSRP and dealer invoice price. You are only being given a $1,000 discount on it. Furthermore, BMW Financial Services' current buy rate lease money factor for this car is only .00150 for consumers who pay a security deposit at lease signing and .00165 for consumers who opt to have their deposit waived (returning lessees get it waived for free). It appears as though the dealer that you are working with is marking this car's money factor up to add additional hidden, back-end profit to your deal. If I was in your shoes, I would shop around to see if I could find a dealer that was willing to use this car's buy rate to calculate its monthly payment and to provide me with a larger discount than $1,000.
 
Car_man
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Prices Paid Forum

#363 of 702 Re: Please help! 2006 z4 3.0i lease questions [Car_man] by ip79

Nov 29, 2006 (3:56 pm)

Replying to: Car_man (Nov 29, 2006 3:22 am)
thank you car_man. you have been a great help!

#364 of 702 Re: 2007 Z4 [Car_man] by hairysoda

Dec 01, 2006 (9:49 pm)

Replying to: Car_man (Nov 29, 2006 3:33 am)
PLEASE HELP ME.. I AM INTERESTED IN LEASING A 06 M ROADSTER-- WHAT IS THE TRUNK MONEY AND FOR A 24 MTH LEASE WITH 15K MILES WHAT WOULD A GOOD DEAL BE..

#365 of 702 Re: I wonder if my z4 3.0si lease was an okay deal [Car_man] by holoduke

Dec 07, 2006 (10:33 pm)

Replying to: Car_man (Nov 28, 2006 5:38 am)
Hi Car_man, here it is
 
MSRP was 48,220 (2006 Z4 3.0si, Titanium Silver, Automatic, Premium Package, Heated Seats, Xenon HL, Hardtop Prep)
10,000 Miles/Year, 24 Months
 
Amount due at lease signing or delivery
1. capitalized cost reduction. $1,809.72
2. First Monthly Payment. $395.95
5. Initial Registration Fees. $311.00
7. Sales/Use Tax. $55.28
8. Acquisition Fee. $625.00
10. Sales Tax on capitalized cost reduction. $149.30
11. Document Preparation fee. $45.00
12. California Tire fee $8.75
Total: $3,400
 
My Monthly payment is determined as shown below
A. Gross Capitalized Cost. $38,151.50
B. Capitalized Cost Reduction. -$1,809.72
C. Adjusted Capitalized Cost. =$36,341.78
D. Residual Value. -$32,789.60
E. Depreciation and any Amortized Amounts. =3,552.18
F. Rent Charge. +$5,226.33
G. Total of Base Monthly Payments. =$8,778.51
H. Lease Payments. / 24 Payments
I. Base Monthly Payment. = $365.77
J. Sales/Use Tax. +$30.18
K. ---
L. Total Monthly Payment. = $395.95
 
These all sound like Greek to me. Could you help me figuring out if this deal is good or not? Thanks Car_man!

Messages Page 37 of 71

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