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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 6 of 71

#45 of 702 Re: Re: Re: BMW Z4: Lease Questions by Car_man HOST

Oct 17, 2005 (3:19 am)

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
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#46 of 702 Re: Re: 30 month Z4 lease by Car_man HOST

Oct 17, 2005 (3:28 am)

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
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#47 of 702 Re: Re: Re: BMW Z4: Lease Questions by Car_man HOST

Oct 17, 2005 (3:30 am)

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
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#48 of 702 Re: Re: 30 month Z4 lease [Car_man] by dugdogg

Oct 17, 2005 (3:09 pm)

Replying to: Car_man (Oct 17, 2005 3:28 am)
thanks car_man
  no i am not paying the security deposit so that's why the money factor is higher i guess. that's fine with me. the diff between .001 and .00125 is not that much and i dont have to drop 1k for a deposit. the acquisition fee however is 825 at both places i've been to. no one seems to budge from that. how do i negotiate that lower if you said it should be 625?
 
in any case, i can try to negotiate lower but this is from a friend and i feel weird trying to lowball him. a $600/mo payment on a 50k MSRP car is a pretty damn good deal thanks to the money factor.

#49 of 702 Re: Re: 30 month Z4 lease [dugdogg] by tara3056

Oct 19, 2005 (10:43 am)

Replying to: dugdogg (Oct 17, 2005 3:09 pm)
Dugdogg - that sounds high because we have been given a lease offer on a $42,000 car for $353.70 (includes tax) per month. Granted, we have a small trade-in and are paying some cash out-of-pocket, but still.
 
***********
 
It took some negotiating, but we have been given a lease offer that looks like this:
 
2005 Z4 2.5
MSRP: $41,820
Our purchase price: $36,000
30 months
0.0010 money factor
$1500 trade-in PLUS $2020 cash to cover Acq fee ($625), security deposit ($400), 1st payment ($353.70), and about ~$641 in down payment cash.
 
Monthly payment = $336.86 .......... with tax = $353.70.
 
The dealer seems to think this is a fantastic offer he is making us, and for the most part, I would agree. (As well he should - we live way up north and are coming up on the nasty winter season, plus it is a 2005). However, we hadn't really planned on having to come up with so much cash up front.
 
Bottom line - he's holding the car for us while we make a decision. We're worried about the Z4 in snow, so we're going to ask if we'll be allowed to put snow tires on it.
 
Car-man and everyone: Is this a great deal?

#50 of 702 Re: Re: 30 month Z4 lease [tara3056] by bdr127

Oct 19, 2005 (11:36 am)

Replying to: tara3056 (Oct 19, 2005 10:43 am)
Dugdogg - that sounds high because we have been given a lease offer on a $42,000 car for $353.70 (includes tax) per month. Granted, we have a small trade-in and are paying some cash out-of-pocket, but still.
 
The MSRP alone is almost $9000 higher... plus a trade-in and additional cash down. Figure about $35 change in payment per $1000 in total amount leased for 30 months. That right there should explain the big difference in payment.

#51 of 702 BMW Z4: Lease Question [Car_man] by toncar

Oct 23, 2005 (6:53 am)

Replying to: Car_man (Sep 06, 2005 4:21 am)
Hi
I got great feedback from all your post. I am currently leasing a 2005 Z4, MSPR of 37095. I got a lease offer of:
299/month include taxes. $3200 total down include all taxes registration fees etc. Do you think i got a great deal? Please let me know. Wat should my residual value be?
I m looking to buy the car monday you feedback ASAP would be greatly appreciated.

#53 of 702 Z4 2.5 lease..Need HELP! Of course! by omegagen

Oct 24, 2005 (5:00 pm)

I am in the middle of lease negotiations on a white Z4 2.5.
 
MSRP $38195
 
Selling Price $34000
 
Terms I was quoted: 30 months $367, 10K/year, $3400 down(includes TTT)
 
It seems that the monthly should be lower. Salesman says he can't get a Z4 that would meet the $299/month lease special. What do you think??
 
There are at least 3 dealerships within 200 miles, so I won't hesitate to look elsewhere...just business to me! Loyalty to no one!
 
Thanks a bunch!!!!

#54 of 702 Re: Z4 2.5 lease..Need HELP! Of course! [omegagen] by toncar

Oct 24, 2005 (7:51 pm)

Replying to: omegagen (Oct 24, 2005 5:00 pm)
I dunno how much you sales tax is, but i think you can do better then that. You may be able to get a selling price of arround 33500, and get 500 less. Plus ask for more miles like 12K trust me you will need them. My dealer told me he is not making any money on my Z4 I think i got a good deal. Plus I live in the north, I can't drive the car in the winter. try to push to 3000 down and see what their reaction. what state u live in?

Messages Page 6 of 71

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