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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 55 of 71

#537 of 702 Re: 2007 Z4 last lease deal [jojo16] by Car_man HOST

Jan 14, 2008 (3:26 am)

Replying to: jojo16 (Dec 23, 2007 5:27 pm)
Hello jojo16. The money factor that you were quoted for this lease looks a little high to me. If you are talking about a 2008 Z4 here, BMW Financial Services' current buy rate for non-returning customers who pay a security deposit at lease signing is only .00270. Make sure that the dealer you are working with uses this factor to calculate your car's monthly payment.
 
I see that you are considering making a $4,500 down payment on your lease. In my opinion, that is way too much money to put down. Consumers who make large down payments on leases risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. You would be better off paying as little money as possible out of your pocket at lease signing.
 
One thing that you should use to reduce your car's capitalized cost is the $2,500 dealer cash incentive that BMW is providing on leases of the '08 Z4 3.0i through BMW Financial Services right now. Negotiate a selling price that is as close to dealer invoice as possible and then have the dealer subtract this dealer cash.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#538 of 702 2007 Z4 Coupe by cole

Jan 14, 2008 (10:31 am)

Car_man - I'm looking at a 2007 Z4 Coupe and and looking for the same great info that you always provide!
 
What are the current residuals and money factors for the '07s assuming a 36/39 month lease at 15,000 miles per year?
 
Also, I assume that the TMV on Edmunds takes the $7500 rebate into consideration when it gives you the "price others are paying." Is this right?
 
Thanks!

#539 of 702 HELP Q on LEASE for 2007 3.0si Roadster by arpadster

Jan 15, 2008 (2:20 am)

Just wanted to no what deal I might have gotten?
 
2007 roadster 3.0si
premium package, sport, cold weather, 6 speed, auto top, 18" wheels, pretty much loaded no navigation, does anyone no how much nav is to put in, or do you have to get already installed. I did not no about this cash back for 6500 everyone is talking about, the price out the door that I negotiated down to was 38967.00
 
24 month lease
my payment is 400.00 a month thats including tax
the 2000.00 I put down was for lic, tax, 1st month
10k a year
I think my residual is 68%
my payment is 400.00 a month with tax
how did I do?

#540 of 702 Re: 2007 Z4 last lease deal [Car_man] by jojo16

Jan 15, 2008 (9:01 pm)

Replying to: Car_man (Jan 14, 2008 3:26 am)
Thanks Car_man
 
The next day, Christmas eve, I came back to the dealer to negotiate further.
Finally we reached an agreement slightly better than the deal the dealer offered the day before.
Monthly payment was down to $242. Lower than what I was paying for the car I traded in.
 
There might have been a room to further negotiate, but I am totally happy with the Titunium Silver Roadster.'t wait for the summer to drive top down.
It is only 120 miles driven since delivery in three weeks - it has been rainy here in seattle all time in the winter, can.

#541 of 702 Re: 2007 Z4 last lease deal [jojo16] by arpadster

Jan 16, 2008 (9:50 pm)

Replying to: jojo16 (Jan 15, 2008 9:01 pm)
what model standard or 3.0 si, its a big difference in cars. what was your down payment to get 242.00

#542 of 702 Question(s) for Car Man - Re Current Z-4 lease offer> by mbn1941

Jan 17, 2008 (8:25 pm)

I presently lease a BMW and my current lease is about to end. I am starting to look for a new car.
 
BMWUSA has posted on it's web site a lease offer for a 2008, 3.0i Z-4 with the following terms. $2,500.00 cash down with monthly lease payments of $379.00, not including sales tax, for 39 months based on MSRP of $38,450.00.
 
My question are:
 
1. Should I expect the dealer to accept an offer lower than MSRP? If yes, by how much?
 
2. May any reduction in price by the dealer be used to lower the down payment or the monthly payment required by this lease?
 
Thank you for your help.
 
Mike

#543 of 702 picked up last week by zkaudio

Feb 12, 2008 (4:06 pm)

got a very basic 08 3.0i roadster w/
39mo lease at 12k/yr w/ option to buy extra mileage until last 4 months of lease
 
-heated seats
-bmw assist
-motorized top
-metallic paint
 
(i'm forgetting somethign I'm sure)
 
for 1k total out the door and 500/mo inclusive of CA tax. so like 459 / mo ish w/o tax.

#544 of 702 Re: Question(s) for Car Man - Re Current Z-4 lease offer> [mbn1941] by Car_man HOST

Feb 15, 2008 (3:27 am)

Replying to: mbn1941 (Jan 17, 2008 8:25 pm)
Hi Mike. You absolutely should get a discount on the Z4 that you are interested in. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If I was personally in the market for a Z4 3.0i right now, I would shoot for a selling price of $500 over dealer invoice and then have the dealer that I was working with subtract the $2,500 cash incentive that is available on it from that. You can look up the invoice price of the exact model that you want by visiting the New Vehicle Pricing section of Edmunds.com.
 
Once you arrive at a selling price that you are comfortable with, have the dealer calculate your car's monthly payment using BMW Financial Services' buy rate lease money factor. Its buy rate for a 36 month lease of an '08 Z4 3.0i roadster is .00255 for returning BMW lessees or new ones who pay a security deposit at lease signing. If the dealer that you are working with tries to charge you a higher rate than that they are likely marking your car's money factor up to add additional hidden back-end profit to your deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#545 of 702 Re: picked up last week [zkaudio] by Car_man HOST

Feb 15, 2008 (3:29 am)

Replying to: zkaudio (Feb 12, 2008 4:06 pm)
Congratulations on getting your new Z4, zkaudio. Thanks for taking the time to share the details off your lease with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with everyone. Enjoy your new ride .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#546 of 702 Re: Question(s) for Car Man - Re Current Z-4 lease offer> [Car_man] by erdoran

Mar 05, 2008 (7:32 pm)

Replying to: Car_man (Feb 15, 2008 3:27 am)
Car Man, how in the world do you get $500 over invoice less 100% of the trunk money? I've been negotiating for two weeks with several different dealers, and I can't get anywhere close. I've hit every local dealer and several long-distance ones! I think I have a deal lined up that's really good, but it isn't the $500 dealer profit one. What's the secret to this? thanks

Messages Page 55 of 71

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