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BMW Z4 Lease Questions

573 messages,  Last post on Jul 21, 2008 at 3:29 AM

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What is this discussion about? BMW Z4, Car Leasing, Convertible

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#522 of 573 Re: Got an offer [andrewinla2] by cluedweasel Oct 18, 2007 (11:53 am)
Replying to: andrewinla2 (Oct 16, 2007 9:42 pm) 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;   MSRP: $55,200   Selling Price: $44,000 (Edmunds TMV - marketing support of $7,500)   Lease Term: 24 months Money factor: 0.0275 Residual: 68% 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.
#523 of 573 THANK YOU by andrewinla2 Oct 18, 2007 (9:41 pm)
The car has premium package no nav and no heated seats. .   Dealer discount: MSRP $54,725 SELLING PRICE $44,320   So not sure why my payment if so different from yours. I appreciate you posting a response. Replies to this message: cluedweasel (Oct 19, 2007 1:56 pm)
#524 of 573 Re: THANK YOU [andrewinla2] by cluedweasel Oct 19, 2007 (1:56 pm)
Replying to: andrewinla2 (Oct 18, 2007 9:41 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 573 Re: Please Help!! 2007 Z4 M Coupe lease!! [Car_man] by 530iturk Oct 19, 2007 (9:27 pm)
Replying to: Car_man (Oct 05, 2007 2:36 am) 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). Replies to this message: 530iturk (Oct 23, 2007 9:06 pm) Car_man (Nov 08, 2007 3:49 am)
#526 of 573 24 moth by andrewinla2 Oct 19, 2007 (10:20 pm)
The BMW dealer said 24 month is more attractive at this time for Z4 Coupe.   Not sure if this applies to other models.
#527 of 573 Re: Please Help!! 2007 Z4 M Coupe lease!! [530iturk] by 530iturk Oct 23, 2007 (9:06 pm)
Replying to: 530iturk (Oct 19, 2007 9:27 pm) Got more info.   24 mo. residual on 3.0si - 69% 24 mo. residual on 3.0m - 68%   36 mo. residual on 3.0si - 59% 36 mo. residual on 3.0m - 57%   Slim pickings on 2007 Z4 unless you want an automatic, coup, or M.   Watchout. Some dealers are trying to sell new leftover 2006 Z4 M with the same discount available on the 2007 M's ($10K at least).
#528 of 573 M Roadster by chimmaera Oct 31, 2007 (12:41 pm)
Hey everyone, Im about to lease an 07 M Roadster, 6500 under invoice. Do you guys think I should do it today before the end of the month or wait to see if the incentives get any better for November? Do you know if they will be available immediately tomorrow? Replies to this message: Car_man (Nov 08, 2007 4:05 am)
#529 of 573 Re: I may do the M Coupe Lease now [andrewinla2] by Car_man HOST Nov 08, 2007 (3:30 am)
Replying to: andrewinla2 (Oct 15, 2007 8:58 am) Greetings andrewinla2. Since you are new to the world of 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.   Let's work up a lease payment on the car that you're interested in and see what we come up with. According to my calculations, if you were to lease a 2007 M Coupe that has an MSRP of $54,725 and a selling price of $44,320 through BMW Financial Services right now for 24 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $585. With $2,500 down this payment would drop to around $474, but it is not a good idea to make such a large down payment when leasing. Consumers who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#530 of 573 Re: Got an offer [andrewinla2] by Car_man HOST Nov 08, 2007 (3:34 am)
Replying to: andrewinla2 (Oct 16, 2007 9:42 pm) Hi again andrewinla2. It is much better to make multiple security deposits when leasing a BMW than it is to make a down payment. At lease-end you actually get your security deposits back (assuming that you are under mileage and that your car is in good shape) while a down payment just disappears.   BMW Financial Services provides a .00007 money factor reduction for every additional security deposit that lessees make. If you were to make the maximum of seven additional deposits, you would be able to reduce the money factor that is being used to calculate your monthly payment by .00049. This would drop the monthly payment on the lease that I just calculated for you by around $39 per month, to approximately $545.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#531 of 573 Re: Please Help!! 2007 Z4 M Coupe lease!! [530iturk] by Car_man HOST Nov 08, 2007 (3:49 am)
Replying to: 530iturk (Oct 19, 2007 9:27 pm) Hi 530iturk. It sounds like you are new to leasing. If so, 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.   Generally speaking, the longer a lease is the lower the monthly payment will be. A 36 month lease of a BMW Z4 would definitely have a lower monthly payment than a 24 month lease would right now. In case you are interested, BMW Financial Services' November buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW Z4 3.0 roadster with 15,000 miles per year are .00275 and 55%, respectively. This car's 12,000 mile per year residual value would be 2% higher and the 10k residual would be 3% higher than the 15k resid.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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