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Prices Paid: Buying & Leasing Experiences BMW Z4 Lease Questions
611 messages, Last post on Dec 06, 2009 at 6:43 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi sparkleyes. Whether you should lease your current Z4 again or not depends upon what sort of lease program BMW offers you. If it has an attractive program on used Z4s when your lease is up, you may want to consider leasing your car again. Keep in mind though that it will no longer be covered by its original warranty though. If the lease program is not that attractive, if its purchase option prices is reasonable you can always buy your car at lease end and continue to drive it. If the purchase price is attractive enough a third option would be to purchase your car for less than its current market value and sell it on your own or trade it in for a profit. Lastly, you can always walk away from it. Car_man Host Smart Shopper / Prices Paid Forums
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Hi baasten. As bdr127 just mentioned, BMW has not started producing 2006 Z4s yet. When they begin to arrive early next year, I highly doubt that BMW will offer any sort of dealer cash on them. It might initially offer a special lease program, but it will be different than the one that is available on the 2005 Z4. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Oct 09, 2005 3:54 am)
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Replying to: Car_man (Oct 09, 2005 3:49 am) 30 mo. lease MSRP 50,370 money factor: .00125 15k miles/year residual: 60% residual value: 30,222 cap cost: 43,606 bank (acquisition fee): 825 prior lease balance: 1200 adjusted cap cost: 44,806 mo. payment 579.91 + tax amount due at drive off: 1875 (includes bank fee) what i'm doing is rolling my last two lease payments into the cap cost and they took off an additional 1200 from the original cap cost bringing it down to 43,606. are any of these numbers negotiable more? do you think i can get a better cap cost? what do you think invoice price is for the 50k MSRP? thanks |
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Replying to: driver17 (Oct 14, 2005 7:16 am) Is it correct that I can use a 63% residual and .0010 money factor for this deal? THANKS! |
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Might also want to know the residual % for a 30 month lease, 10k/year if you have it available. Thanks!
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Replying to: tara3056 (Oct 16, 2005 12:57 pm) the deal is only for 24/30 months. if you want 36 i think the money factor doubles. also there's no dealer that gives away the car at the .0010 money factor. one i went to used .00125 the other .00155. others use .0014. the residual for 10k mi/year for 30 months i believe is 64% |
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Hi driver17. By "12/06" did you mean that your current lease runs through December 2006 or December 6th of this year? I suspect that you meant the latter. While I do not know the exact date that the restyled BMW Z4 will hit dealers, I have heard that it will be before the end of the year. So you should be able to make it to the arrival before the end of your current lease. Even if you don't, I suspect that BMW Financial Services will allow you to extend your current lease a month or two at your current payment so that you can make it to the arrival. Car_man Host Smart Shopper / Prices Paid Forums |
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Hey dugdogg. BMW Financial Services' current buy rate lease money factor for 30 month leases of the 2005 Z4 is .00100 with the payment of a security deposit ant its $625 acquisition fee. If you are paying both of these charges, then the dealer that you are working with is trying to mark-up BMW's buy rate money factor to add additional back-end profit to your deal. This sort of thing is perfectly legal, but can often be avoided by consumers who know what the buy rate is. Judging by the price of this car, I suspect that you are looking at the 3.0 model. On a loaded 2005 Z4 3.0, the margin between full MSRP and dealer invoice price is just under $4,000. After taking the $5,000 dealer cash that BMW is currently providing on this car into account, it appears as though you are only being given a discount of around $1,700 on this car. As a result, I think that you should be able to negotiate a lower selling price especially now that winter is rapidly approaching (ignore the last part of that statement if you are one of those fortunate people who live in an area that does not experience winter - unlike myself  ) Car_man Host Smart Shopper / Prices Paid Forums
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Hi tara3056. The .00100 money factor that you mentioned in your post is only available for 30 month leases of this car through BMW FS. Its money factor for any other term less than 42 months doubles to .00200. If I was in the market for this car I definitely would go with the 30 month term. Also, the 36 month, 10,000 miles per year residual value for a 2005 Z4 is only 58%. The 30 month, 10,000 miles per year residual value for this car is currently 62%. Car_man Host Smart Shopper / Prices Paid Forums |
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