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Prices Paid: Buying & Leasing Experiences 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
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Hi. I am interested in leasing a 2008 BMW Z4 3.0 si coupe. Could you please tell me the residual value and the money factor on this car? I am looking at a 36 month lease. I live in the NYC area and was quoted $41,200 with an MSRP of $45375. What would be my lease payments without a cap cost reduction? I am looking to include taxes in my monthly payments. Thanks. 
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Replying to: erdoran (Mar 06, 2008 4:30 pm)  $369 w/ $2500 down) but I have a few questions: 1) How do they arrive at those numbers? What is the negotiated cost? Residual? Money Factor? 2) I have seen similar specials at my local dealers here in Southern California that play on this lease special, including 39 months $399 w/ $3000 drive-off, and even 36 months $459 w/ $0 drive off! Of these, which way would be better - Less drive-off and more monthly, or vice versa? 3) How much more would/should I pay if I wanted to extend the lease to 12K miles per year? 15K miles? By the way, the special can be found here at http://www.edmunds.com/new/2008/bmw/z4/100954196/incentives.html Thanks for your help!!!
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Hey Car man: Went to the BMW dealer yesterday to try out the Z4si. Nice, not sure I like it as much as the '05 2.0T TT that I had, but it was pretty nice and I was hoping to get a decent lease deal. Already having done the research, I knew what the current residuals and rates were as well as the $3k factory to dealer incentive. This was their first offer for 2yr 10k miles per year--gave me the $3k off the MSRP and then an additional $1325 which came out to a selling price of $42,800. After doc fee and Acquisition fee (what is this?), the cap cost was $43,470. Calculating $2500 down, they had the residual at .74 and the rate at .0022 they came out with a payment of $519.95. I had gone in there using the Edmunds TMV value which for my area (upstate ny) was $200 under invoice. After taking into account the $3000 and taxes, and the various fees, I came out around $331/month. I guess my question is about where should I come out?? I mean, I realize that was their 1st offer and they will come down, but can I expect them to come down to $331/month? My other questions have to do w/ these various fees: Doc Fee = $45; Acquisition Fee = $625; Security Deposit = $550; Upfront fees = $170 Are these actual fees to the dealership or is this just another area where they're making a profit?! I appreciate your wise words of wisdom car man!! Thanks.
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forgot, the MSRP was $47,125
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Replying to: sulimios (Mar 23, 2008 11:25 am) |
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Replying to: stef929rr (Mar 10, 2008 7:21 pm) Using the prices that you mentioned in your post, an MSRP of $45,375 and a selling price of $41,200, and the aforementioned lease program, I come up with a zero down, pre-tax monthly payment of around $602 (with 12,000 miles per year). Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: dk90210 (Mar 16, 2008 9:16 pm) As far as the other parameters of the advertised lease go, BMW used a money factor of .00220 and a residual value of 64% to arrive at that payment. If you were to lease with 15,000 miles per year instead of 10,000, this car's residual value would be 3% lower. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: sulimios (Mar 23, 2008 11:23 am) The fees that you were quoted seem reasonable to me. A doc fee of $45 is very low compared to what many other dealers charge. BMW Financial Services charges a $625 acquisition fee on every vehicle that it leases. Individual dealers cannot waive this charge. In fact, many dealers try to mark it up to add additional, hidden profit to deals, but your dealer is not. BMW FS' charges the security deposit as well. I don't know what the other $170 for "upfront fees" is but if it covers things like registration, etc... then it is probably legit. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: melbern (Apr 22, 2006 8:14 pm) I did. I got three quotes and went with the best one. Had to travel 45 miles to get it, but it was worth it. Make sure you go through the internet manager at the respective dealer to get the best savings. BTW, it was from Steve Thomas BMW (North of Los Angeles). The money factor in your quote seems high. |
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Replying to: Car_man (Apr 03, 2008 3:27 am) > Given the fact that you are in the ultra competitive Southern California market > and that BMW is providing $2,500 dealer cash on the 2008 Z4 3.0i roadster, > you probably will be able to negotiate a selling price that's well below dealer > invoice. Thanks for the tip. I noticed the Regional Adjustment of -$364 for Southern California indeed puts the TMV below invoice, but does the current $2500 Dealer Incentive also apply? So am I looking at something that is literally thousands below invoice? Or is that just the spread between the MSRP and the Dealer Invoice? This looks like a great time to be buying a Z4. I've finally decided on the car itself... now it's time to deal!!! Wish me luck!
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