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BMW Z4 Lease Questions

605 messages,  Last post on Nov 10, 2009 at 2:54 AM

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

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#552 of 605 Z4 si Lease offer by sulimios Mar 23, 2008 (11:23 am)
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. Replies to this message: Car_man (Apr 04, 2008 1:18 am)
#553 of 605 oops by sulimios Mar 23, 2008 (11:25 am)
forgot, the MSRP was $47,125 Replies to this message: sulimios (Apr 02, 2008 5:55 am)
#554 of 605 Re: oops [sulimios] by sulimios Apr 02, 2008 (5:55 am)
Replying to: sulimios (Mar 23, 2008 11:25 am) hey carman...just checking in to see if what you think!?! about my posts on 3/23
#555 of 605 Re: 2008 Z4 3.0 si Coupe [stef929rr] by Car_man HOST Apr 03, 2008 (2:36 am)
Replying to: stef929rr (Mar 10, 2008 7:21 pm) Hi stef929rr. According to the latest information that I have seen, BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW Z4 3.0si Coupe with 15,000 miles per year are .00210 and 52%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher. When negotiating your lease on this car, make sure to take the $3,000 dealer cash that BMW is currently providing on it into account.   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
#556 of 605 Re: Current Z-4 lease offer [dk90210] by Car_man HOST Apr 03, 2008 (3:27 am)
Replying to: dk90210 (Mar 16, 2008 9:16 pm) Hi dk90210. I am not sure of the exact selling price that BMW used to arrive at its advertised lease payment for the Z4, but whatever it is I suspect that you will be able to beat it. Manufacturers' advertised lease payments usually leave a little meat on the bone so to speak. It makes sense if one thinks about it. Dealers would be pretty annoyed if they advertised the best possible deals on cars or trucks. 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.   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 Replies to this message: dk90210 (Apr 24, 2008 11:52 pm) dk90210 (Apr 27, 2008 1:32 pm) Car_man (May 02, 2008 2:32 am)
#557 of 605 Re: Z4 si Lease offer [sulimios] by Car_man HOST Apr 04, 2008 (1:18 am)
Replying to: sulimios (Mar 23, 2008 11:23 am) Hey sulimios. The money factor that you were quoted is right in line with this car's current buy rate. That is a good thing. Let's take a look at the selling price. The Z4 that you are interested in probably has a spread of around $3,500 between its full MSRP and its dealer invoice price. It is good that the dealer that you are working with is giving you the entire dealer cash allowance, but if I was in the market for this car I personally would want a larger dealer discount than $1,325. Make sure to stop by the "BMW Z4 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.   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
#558 of 605 Re: Lease money factor [melbern] by 530iturk Apr 14, 2008 (12:45 pm)
Replying to: melbern (Apr 22, 2006 8:14 pm) Get a quote from another dealer (or two) and compare; off the edmunds.com site.   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.
#559 of 605 Re: Current Z-4 lease offer [Car_man] by dk90210 Apr 24, 2008 (11:52 pm)
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! Replies to this message: dk90210 (Apr 27, 2008 1:32 pm) Car_man (May 02, 2008 2:32 am)
#561 of 605 Re: Current Z-4 lease offer [dk90210] by dk90210 Apr 27, 2008 (1:32 pm)
Replying to: dk90210 (Apr 24, 2008 11:52 pm) There is an advertisement in today's LA Times for $249 per month (10K miles, 24 months) with $3850 drive-off. I contacted the dealer (McKenna BMW) and they said the car ($40400 MSRP) is being sold for $35039, which is pretty close to your advice of "invoice + 500 - 2500 BMW incentive". (by the way, the drive off consists of $2999 cap cost reduction).   There may still be a little "wiggle room" in there, but it still sounds like a pretty good deal... what do you think?

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