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BMW Z4, Car Leasing, Convertible
#516 of 702 Re: Z4 3.0 SI Convertible lease w/ factory cash question [voodooist]
by Car_man HOST
Oct 05, 2007 (2:32 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 702 Re: Please Help!! 2007 Z4 M Coupe lease!! [azndavid]
by Car_man HOST
Oct 05, 2007 (2:36 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 702 Re: Trunk Money is not going away [esfoad]
Oct 08, 2007 (10:30 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
#519 of 702 I may do the M Coupe Lease now
Oct 15, 2007 (8:58 am)
I also have been cross shopping the Cayman and M Coupe.
With my preference going to the Cayman.
After driving the BMW then the M Coupe you realize why the Porsche is the better car.
But I digress..I am leaning to the M Coupe for the economics of it.
Carman. Im sort of a lease beginner.
Im turning my wifes BMW 325i in for a M Coupe 2 months early.
Do you think its possible to put down 1st month and tags and get a payment of $575 including tax for 2 years with current programs?
The car is a tick over $54K I tried a lease calculator but it got me nowhere.
The sticker price is: $54,725
SELLING PRICE is $44,320
Here are the two offers I got from the guy:
No money down,$616 a month. 24mo only with 10,000miles per year.
$2500 down, $504 a month. 24mo only with 10,000miles per year.
You great insight is appreciated.
Oct 16, 2007 (9:42 pm)
A dealer offered $5K down and $580 per month with tax.
The catch being that $4500 of the down is multiple security deposits which I get back at the end.
Not sure about this...any info about this security deposit issue would greatly help.
#522 of 702 Re: Got an offer [andrewinla2]
Oct 18, 2007 (11:53 am)
But what is the selling price, etc. Without that info, no one can tell if it's a good deal or not. The multiple security deposits are to bring the money factor (interest rate equivalent) down. It's not always a good idea to put a lot down on a lease. For example, you put $5,000 down. A month later the car gets stolen or totaled. The insurance pays out to the leasing company but you're $5,000 out of pocket.
I'm not 100% sure on the figures but a lease on a Z4M should look something like this at the moment (this is for my state of Oregon so your tax and tags will vary)'
Z4M with premium package;
Selling Price: $44,000 (Edmunds TMV - marketing support of $7,500)
Lease Term: 24 months
Money factor: 0.0275
Security deposit: $450
Acquisition fee: $550
Tax and tags: $128 (Oregon!)
So, with,say, $2000 down (total down here would be $3128, gives us a monthly of $455 + tax. Of course, this will be higher for states with higher DMV fees. Also, you'd need to find a dealer willing to sell at the TMV minus the marketing support.
Oct 18, 2007 (9:41 pm)
The car has premium package no nav and no heated seats.
SELLING PRICE $44,320
So not sure why my payment if so different from yours.
I appreciate you posting a response.
#524 of 702 Re: THANK YOU [andrewinla2]
Oct 19, 2007 (1:56 pm)
Can you ask them to confirm the money factor and residual that they are using? That's a good price from them but I wonder if they are bumping up the money factor.
#525 of 702 Re: Please Help!! 2007 Z4 M Coupe lease!! [Car_man]
Oct 19, 2007 (9:27 pm)
I'm looking at a loaded 2007 Z4 (have a 2003 Z4; going to sell).
I have always bought in the past, but leasing is looking attractive (putting less miles on the car and keeping only four years now).
I see you quoting 24 month leases, but the dealer says the 36 month is a much better deal. Comment? He quoted residual of 69% but I saw 68% in a post in this forum.
I've worked a tentative discount that will apply either way (sale or lease). Nice thing about lease is not having to pay the sales tax (8.25%) up front.
I love the car (except for the run flats).