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BMW Z4 Lease Questions

607 messages,  Last post on Nov 27, 2009 at 6:39 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#540 of 607
Re: 2007 Z4 last lease deal [Car_man] by jojo16
Jan 15, 2008 (8:01 pm)
Reply

Replying to: Car_man (Jan 14, 2008 2:26 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 607
Re: 2007 Z4 last lease deal [jojo16] by arpadster
Jan 16, 2008 (8:50 pm)
Reply

Replying to: jojo16 (Jan 15, 2008 8:01 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 607
Question(s) for Car Man - Re Current Z-4 lease offer> by mbn1941
Jan 17, 2008 (7:25 pm)
Reply
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 607
picked up last week by zkaudio
Feb 12, 2008 (3:06 pm)
Reply
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 607
Re: Question(s) for Car Man - Re Current Z-4 lease offer> [mbn1941] by Car_man HOST
Feb 15, 2008 (2:27 am)
Reply

Replying to: mbn1941 (Jan 17, 2008 7:25 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 607
Re: picked up last week [zkaudio] by Car_man HOST
Feb 15, 2008 (2:29 am)
Reply

Replying to: zkaudio (Feb 12, 2008 3:06 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 607
Re: Question(s) for Car Man - Re Current Z-4 lease offer> [Car_man] by erdoran
Mar 05, 2008 (6:32 pm)
Reply

Replying to: Car_man (Feb 15, 2008 2:27 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
#547 of 607
Re: Question(s) for Car Man - Re Current Z-4 lease offer> [erdoran] by mbn1941
Mar 05, 2008 (6:57 pm)
Reply

Replying to: erdoran (Mar 05, 2008 6:32 pm)

Like you I have tried to get a price of $500 over dealers invoice but without success. Once I tell the dealer I want the advertised BMW Financial Services lease they tell me they are required to discount the car by $2500 to make the lease and therefore cannot discount the price further. I have tried three dealers in South Florida with more or less the same results.
#548 of 607
z4 certified opportunity by kperess
Mar 06, 2008 (4:08 pm)
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I have a line on an '06 Z4 coupe (certified) with 10,000 miles on it. The dealer sued it as a loaner. Has premium and sport packages, auto tranny with flippers. Dealer is asking $29,900. Was put into service on Jan 2 '07.
 
Any thoughts on this? I live in the upper peninsula of Michigan (so lots of snow) and am also looking at the TT as a possible toy.
#549 of 607
Re: Question(s) for Car Man - Re Current Z-4 lease offer> [mbn1941] by erdoran
Mar 06, 2008 (4:30 pm)
Reply

Replying to: mbn1941 (Mar 05, 2008 6:57 pm)

mbn1941, that sounds bogus to me, although I'm just a consumer and have no inside knowledge! If a dealer is "required" to discount $2500, there is no reason they can't CHOOSE to discount further. Check out the invoice pricing on edmunds.com. From 3/1-4/30/08 there is $2500 factory to dealer incentive on the z4i and $3000 on the z4si. I think what is happening is that they are pricing it at MSRP and giving you this "trunk money" as it is called. I don't see anything in your post that says the dealer has to SUBSIDIZE or CONTRIBUTE to the lease!

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