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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 41 of 71

#399 of 702 Re: 2006 Z4 3.0si [delfer] by Car_man HOST

May 08, 2007 (2:18 am)

Replying to: delfer (Apr 17, 2007 11:20 pm)
Hi delfer. BMW's lease program for 2007 models is completely different than it is for 2006 models. In fact, it is no longer providing lease support on '06s. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW Z4 3.0 Convertible with 15,000 miles per year are .00125 and 63%, respectively. You can use this lease program, along with the MSRP and selling price of the car that you are interested in to estimate what your lease payment should be. If you provide me with the pricing data I would be happy to work up a sample lease payment for you.
 
Car_man
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#400 of 702 Re: For CarMan and WRobbins ... help me with the numbers on my dream car! [ by Car_man HOST

May 08, 2007 (2:21 am)

Replying to: delfer (Apr 18, 2007 9:08 pm)
Hey delfer. $1,000 over invoice isn't that bad for a lease of a BMW Z4 heading into top-down season. You already provided me with this car's selling price, so all I need to estimate its monthly payment for you is its MSRP.
 
Car_man
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#401 of 702 Re: For CarMan and WRobbins [esfoad] by Car_man HOST

May 08, 2007 (2:25 am)

Replying to: esfoad (Apr 27, 2007 7:22 am)
Hello esfoad. You never mentioned the selling price or MSRP of the Z4 that you are interested in leasing. These are important numbers 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 this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle 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 these numbers are.
 
Car_man
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#402 of 702 Re: For anyone who know anything. [dieselzaf] by Car_man HOST

May 08, 2007 (2:28 am)

Replying to: dieselzaf (Apr 28, 2007 7:32 pm)
Welcome dieselzaf. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
BMW is not currently providing any dealer cash on the 2007 Z4. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW Z4 3.0si roadster with 10,000 miles per year are .00125 and 66%, respectively. The numbers for an otherwise identical 24 month lease are .00125 and 76%.
 
Car_man
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Prices Paid Forum

#403 of 702 Re: Car_man - Da Verdict [expunged] by Car_man HOST

May 08, 2007 (2:34 am)

Replying to: expunged (Apr 28, 2007 10:09 pm)
Hi expunged. Most of the deals that I have seen have been on Z4 roadsters, not coupes. I'm not sure if the market is much different for the coupe. The dealer invoice for the car that you described is around $42,500. That means that there is a spread of around $3,500 between this car's full MSRP and its dealer invoice price. That puts you at around $2,000 over invoice. I personally would shoot for another $1,000 off and see what happens. You may want to stop by the following discussion to see if any other community members have purchased a Z4 coupe lately and if so how much they paid for it: "BMW Z4: Prices Paid & Buying Experience".
 
When you arrive at a price that you are comfortable at, make sure that the dealer that gives it to you uses BMW Financial Services' buy rate lease money factor of .00150 to calculate your monthly payment.
 
Car_man
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#404 of 702 Re: For anyone who know anything. [expunged] by Car_man HOST

May 08, 2007 (2:36 am)

Replying to: expunged (Apr 28, 2007 10:15 pm)
Hi expunged. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW Z4 Coupe with 15,000 miles per year are .00150 and 52%.
 
Car_man
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Prices Paid Forum

#405 of 702 Re: '07 M coupe [cocobat] by Car_man HOST

May 08, 2007 (2:37 am)

Replying to: cocobat (Apr 29, 2007 12:16 pm)
Greetings cocobat. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers 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 this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle 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 these numbers are.
 
Car_man
Host
Prices Paid Forum

#406 of 702 Re: BMW Lease "PrePay" option [wl33] by Car_man HOST

May 08, 2007 (2:40 am)

Replying to: wl33 (Apr 30, 2007 6:07 pm)
Hi wl33. I believe that lessees are entitled to a prorated refund for the unused portion of their pre-paid lease if their vehicle is totaled in an accident or stolen and never recovered. You definitely should check with the F&I department of the dealership that you are working with or directly with BMW Financial Services to make sure that this is definitely the case before entering this type of lease though. I believe that BMW FS does still run a credit check on consumers who pre-pay leases. In fact, lessees still have to pay interest on pre-paid leases. BMW FS' normal lease money factors are reduced by .00080 for consumers who pay for their entire lease in advance.
 
Car_man
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Prices Paid Forum

#407 of 702 Re: For CarMan and Wrobbins ... your thoughts on this offer? [delfer] by Car_man HOST

May 08, 2007 (2:51 am)

Replying to: delfer (May 06, 2007 10:20 pm)
Hey delfer. The dealer invoice price of the car that you described is $47,320. That puts the selling price that you were quoted at right around $1,000 over invoice, which isn't bad for a convertible heading into prime top-down season. Obviously the $500 over invoice that you are shooting for is better though . I highly that you will be able to get a Z4 for below invoice right now. You still may want to stop by the following discussion to see how much other community members have paid for similar cars lately: "BMW Z4: Prices Paid & Buying Experience".
 
Using the prices that you mentioned in your post, an MSRP of $51,400 and a selling price of $48,380, and BMW Financial Services' current lease program, I estimate that your 36 month, 12,000 miles per year zero down, pre-tax monthly payment should be around $498. I used a money factor of .00100 and a residual value of 65% to arrive at this payment. With this deal at lease signing you would have to pay your car's first month's payment of $498, a security deposit of $500, BMW Financial Services' $625 acquisition fee, and any required state taxes or fees.
 
Car_man
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Prices Paid Forum

#408 of 702 Re: For CarMan and WRobbins [Car_man] by esfoad

May 08, 2007 (10:34 am)

Replying to: Car_man (May 08, 2007 2:25 am)
Thanks Car Man. The list is 51,700. The net is 48,500. This is without the wind blocker which was thrown in as a discount off the payment due at delivery along with the $629 last payment on my current lease for a total discount of $970.00. Is this enough information?

Messages Page 41 of 71

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