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Prices Paid: Buying & Leasing Experiences BMW Z4 Lease Questions
613 messages, Last post on Dec 07, 2009 at 6:31 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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This is the deal I think I may go with: 2005 Jet Black Z4 MSRP $39970 Selling price - $35250 Edmund's TMV- $35396 Sport Pkg. heated seats 5 sp upgrade stereo power top leather/suede combo xenon 30 month lease 10K mi/yr, $3025 down, $376/month How's this? Someone? Anyone? I'm suppose to go pickup in a few days. Thanks again!!
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Replying to: omegagen (Oct 26, 2005 12:35 pm) Thanks! |
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You're welcome dugdogg. If all of the dealers in your area are marking-up BMW FS' acquisition fee it may be difficult for you to get them to use the base $625 charge. You can always tell a dealer that one of its competitors was willing to lease you this car using the base acquisition fee but you will lease through them if they match. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi tara3056. BMW is currently providing $3,000 dealer cash on the 2005 Z4 2.5i. After taking this cash into account it appears to me as though you are being offered this car at just over dealer invoice, which is a good deal. The dealer that you are working with is not trying to mark-up BMW FS' buy rate lease money factor of .00100 either, which is a good thing. The only thing that I don't like about this deal is the down payment that you are making. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Z4 would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all. The bottom line is yes this is a good deal, but lose the down payment. If you really want to trade your current vehicle in, you can always have the dealer cut you a check for it rather than using the proceeds from it ad a capitalized cost reduction for your lease. Car_man Host Smart Shopper / Prices Paid Forums |
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Greetings toncar. You never mentioned the selling price of the car that you leased. This is an important number for anyone who is going to give you feedback on your deal because it enables them to see how much of a discount you were given and it is necessary to estimate a lease payment. If you tell us this number, I would be happy to give you my opinion on this deal. Car_man Host Smart Shopper / Prices Paid Forums
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Hi omegagen. Judging by some of the prices that I have seen other community members quoted on similar cars lately, I would say that you may be able to get the '05 Z4 2.5i that you are interested in for less than the price you were quoted. BMW is currently providing $3,000 dealer cash on this car. Furthermore, there is around a $3,000 spread between its full MSRP and dealer invoice price. You are only being given a $1,200 discount on a leftover convertible as winter quickly approaches. I suspect that you may be able to get around a $2,000 to $2,500 discount on this car if you shop around. This would put the selling price of the exact model that you are considering at $33,195 to $32,695. Also, make sure that the dealer that you are working with is using BMW Financial Services' current buy rate lease money factor of .00100 to calculate your car's lease payment. Car_man Host Smart Shopper / Prices Paid Forums |
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Hey omegagen. Despite the fact that you live in a relatively warm state, I still suspect that you can do better than $35,250 on an '05 Z4 2.5 with an MSRP of $39,970. There is $3,000 dealer cash on this car and aruond a $3,000 margin between MSRP and invoice. The price that you were quoted isn't terrible, but I suspect that you may be able to do a little better. If you were able to get this car for $1,000 over invoice, which is more than reasonable your price would be $34,970. I have seen many consumers get this car for around $500 over invoice. Also, I don't like the large down payment that you are making on this car. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Z4 would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Oct 27, 2005 2:48 am) Thanks for the advice! Now I have to call the guy back and push for more. I've not signed anything, but I have already been approved by BMWFS. Thanks again!!! |
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Replying to: Car_man (Oct 27, 2005 2:30 am) thanks for your response. the MSPR is 37059. and selling price of 32000 inluding delivery. i m gonna put down 3000 in cash include everything: tax title, registration fee etc.. and i m gonna be paying 300 a month. let me if it is a good deal |
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Replying to: Car_man (Oct 27, 2005 2:48 am) I'm confused after I read your reply later on. MSRP - $39970 Invoice - $36620 Selling price - $35250 TMV - 35396 This "deal" is $1370 under invoice. I've done better than $500 over invoice. Thanks again for your time! |
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