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BMW Z4, Car Leasing, Convertible
Nov 28, 2006 (3:36 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.
Total Due at signing: 1558.87
Security Deposit: 600
Payment incl tax: $587
#361 of 712 Re: Please help! 2006 z4 3.0i lease questions [ip79]
Nov 29, 2006 (2:22 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".
Prices Paid Forum
Nov 29, 2006 (2:33 am)
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.
Prices Paid Forum
#363 of 712 Re: Please help! 2006 z4 3.0i lease questions [Car_man]
Nov 29, 2006 (2:56 pm)
thank you car_man. you have been a great help!
#364 of 712 Re: 2007 Z4 [Car_man]
Dec 01, 2006 (8:49 pm)
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 712 Re: I wonder if my z4 3.0si lease was an okay deal [Car_man]
Dec 07, 2006 (9:33 pm)
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
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
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!
#366 of 712 Re: I wonder if my z4 3.0si lease was an okay deal [holoduke]
Dec 25, 2006 (10:01 am)
#367 of 712 Re: Please help! 2006 z4 3.0i lease questions [ip79]
Jan 08, 2007 (3:20 am)
You're very welcome, ip79.
Prices Paid Forum
#368 of 712 Re: I wonder if my z4 3.0si lease was an okay deal [holoduke]
Jan 08, 2007 (3:27 am)
Hi holoduke. OK, so you were offered a 2006 BMW Z4 3.0si that has an MSRP of $48,220 for $38,152. BMW was providing $7,000 dealer cash on this car, so that means you are being given a dealer discount of a little over $3,000 on it. This car probably has a spread of around $4,200 or so between its full MSRP and dealer invoice price, so the price that you were quoted is probably around $1,200 over dealer invoice. This isn't bad, but I would not be surprised if there was still $500 or so left to work with there. Hopefully you finalized this deal in December. Rumor has it that BMW pulled the plug on its dealer cash support on 2006 models. If that is the case, this car is going to be a whole lot more expensive to lease now than it was when you received this quote.
Prices Paid Forum
#369 of 712 Confused!
Jan 18, 2007 (8:10 pm)
Hi Car Man,
I'm looking at leasing a 2007 Z4 3.0 Convertible, with the following spec / terms:
Down Payment $2.5K
I live in S. FL. and I have excellent credit. Although I don't have an actual quote at this time, is it possible to give me an estimate of what a monthly payment might look like on a lease similar to the one I describe above?
Thanks in advance.