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BMW Z4, Car Leasing, Convertible
#509 of 711 Need some info regarding z4 please!
Sep 24, 2007 (9:15 am)
Hello all! I'm in deep contemplation over assuming a lease on a z4 (i've never done a lease or assumption before), and could certainly use feedback from anyone here.
-2005 z4 with premium/sport package, great condition (no dings/scratches), tires good, etc. We took it over to a dealer and he evaluated the car with me and checked the tires/body/windshield/etc and things look good. He said, as it stands now, there would be no additional charges due to wear/tear.
-27 month lease with 6 months remaining. Currently 16.2k, but lease term is for 27k miles.
-the person who's going to transfer it to me is the 3rd owner and seems like a good guy.
-terms: assume lease, pay 5 months (he covered this month already), half of the lease assumption fee (225 of the 450), and the disposition fee back to bmw when the car is returned to bmw (325). So out of pocket for almost 6 months use (370 *5 + 225 + 325 = 2.4k) is about 400 per month, plus insurance.
What do you guys think? One one hand I'd like to drive a bmw and a convertible (never had either), on the other hand the weather is getting into winter so a convertible isn't quite as great (return it mar 23rd next year). One nice thing is that it's only got 16.2k miles.
Is it a good deal? Second, how do those tires run as far as lifetime. What i mean is, say i put 8k on them, now the car has 24k when i return it, do u think they'll want me to buy new tires?
I appreciate any opinions you guys have on this situation,
#510 of 711 Re: Need some info regarding z4 please! [paultman]
by kyfdx@Edmunds HOST
Sep 24, 2007 (10:40 am)
BMW usually doesn't allow assumptions within the last six months... If you are over the six month window, you might be able to pull it off, but it'll be close..
I'd check on that first..
Colorado? I wouldn't bother...
Sep 24, 2007 (11:16 am)
Yeah, BMW is going to allow the transfer so long as it's completed this week since they had lost the title or something crazy like that. But yeah, I'm aware of the <6month lease transfer limitation and it's fine in my case. What do you think of the rest of the scenario? Thanks, Paul
#512 of 711 Re: lease stuff [paultman]
by kyfdx@Edmunds HOST
Sep 24, 2007 (11:29 am)
Colorado? You won't get much use out of it.. Just when the weather starts getting nice, you'll be out of it...
Plus, if you do have cosmetic issues, or tire problems, you'll only be able to amortize the costs over 5-6 months.. There isn't a big risk, but it is there, nonetheless..
The price looks good.. but, they've had good Z4 lease deals off and on for the last 2-3 years.. I'd look for a lease that has a little longer term remaining (at least so you can drive it in nice weather).
#513 of 711 current advertised lease deal?
Sep 24, 2007 (11:30 am)
Has anyone successfully leased a Z4 at the current advertised lease price of $329? It's for a base model with automatic only.
$329 First month's payment
$2,500 Down payment
$350 Security deposit
$3,179 Cash due at signing
#514 of 711 Re: Trunk Money is not going away [misterep]
Sep 28, 2007 (12:40 pm)
I ended up buying the Boxster S over the BMW Z4. Even with all that factory money and the super low lease, I still liked the Boxster better to pay the extra money. Sorry BMW, I thought about it seriously, but in the end would have felt like I settled for the Z4. Not that it was a bad car my preference was just for the Boxster all along.
Plus my wife hated it. Said it looked like a Squid. Several others provided comments about the looks of the car that are not suited for this forum.
#515 of 711 Re: Trunk Money is not going away [voodooist]
Oct 01, 2007 (1:13 pm)
My wife and I had a similar discussion between the standard Boxster and the Z4 3.0Si. We chose the BMW because the monthly difference was too great to let go. The difference with similar equipment was almost $200 per month! Now after just hitting 5K miles on the BMW, I have to say it's a great car. However, the Boxster is also wonderful and I understand your choice.
So, best of luck with the Porsche and come back once in a while to give us the true feelings of a Boxster owner who also seriously considered the Z4.
#516 of 711 Re: Z4 3.0 SI Convertible lease w/ factory cash question [voodooist]
Oct 05, 2007 (1:32 am)
Hello voodooist. BMW is currently providing a whopping $6,500 dealer cash on the 2007 Z4 3.0si roadster. Plus the car that you described probably has a spread of around $3,500 between its full MSRP and its dealer invoice price. This gives us a total of $10,000 to play with. You are being given a discount of $9,550 on this car, which is probably equivalent to around $500 over dealer invoice and is a good deal. Just make sure that the dealer you are working with uses BMW FS' current buy rate lease money factor of .00275 (with the payment of a security deposit) to calculate your monthly payment and you're in business.
Prices Paid: Buying & Leasing Experiences Forum
#517 of 711 Re: Please Help!! 2007 Z4 M Coupe lease!! [azndavid]
Oct 05, 2007 (1:36 am)
Hi azndavid. BMW did not pull the plug on the dealer cash that it has been providing on the Z4 in October. In fact, it actually increased its dealer cash on the M coupe to $7,500 and kept the rest of its lease program the same. If you haven't pulled the trigger on this car yet, try to negotiate a selling price that is $6,500 to $7,000 below dealer invoice and then have the dealer that gives you that price calculate your monthly payment using BMW FS' current buy rate lease money factor of .00275.
Prices Paid: Buying & Leasing Experiences Forum
#518 of 711 Re: Trunk Money is not going away [esfoad]
Oct 08, 2007 (9:30 pm)
I hope I didn't give the impression that I didn't like the Z4. I did like it, but my heart was with the Boxster. By the way, I picked up my Boxster S as a Certified Pre Owned. Brand new would have been way too much. I see the Z4's all the time on the road and the look has started to grow on me. But I'm a Porsche guy now.
So far I love the Boxster. Wife and I have been taking lots of weekend trips, everything fits perfectly in the car. Even with the 19" rims and the low profile rubber the car rides like a dream. My only complaint would be the blind spots when the top is up. Then again I am coming from a 4 door car where looking over my left shoulder looked out the back side window, now it looks into a black top. I never drove the Z4 with the top up so I can't really compare. Thank goodness for heated seats and the wind deflector, with those I can keep the top down almost all the time. Driving last night with the top down on the freeway was no issue at all, even at speeds up in the 90's. I also have to say I really like the fact that I can put the top up or down while the car is moving (up to 30 mph), something I was told the BMW couldn't do. Even in the short time I have had the car it has been great to be able to drop the top on a whim, or raise it while getting a sunburn in slow traffic (note to self, keep a hat and sunscreen in the car at all times )
I think I would have been happy in the Z4 too, and certainly would like the extra money every month, but I had the opportunity to grab the Boxster so I did.
Best wishes to all, I'll keep checking back to hear how people are enjoying their Z4's