You are here: Forums Prices Paid: Buying & Leasing Experiences BMW Z4 Lease Questions

BMW Z4 Lease Questions

606 messages,  Last post on Nov 16, 2009 at 6:57 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

Messages Page 58 of 61 1 ... 55 56 57 58 59 60 61 Prev Next Last

Go To Msg # Search This Discussion

#566 of 606 Re: Z4 Lease [dk90212] by kyfdx HOST May 05, 2008 (6:03 pm)
Replying to: dk90212 (May 05, 2008 4:34 pm) Try it this way..   $34,615 CAP cost (no reduction) $450 security deposit .0022 MF (lowered by security deposit) Due at signing = $1161 (no cap red, no tax on cap red, add sec.dep) Payment = $412.12/mo.+tax = $446.12/mo.   You pay 68.29/mo. X 24 mo. = $1641 more over life of lease.   But, you pay $1339 less upfront and get $450 security deposit back at end of lease, for a total of $1789 less.. NET SAVINGS = $148   If you can knock the selling price down any, you'll save about $4.75/mo., for every $100 less you pay for the car..   Good luck!
#567 of 606 Re-leasing car at the end of 24 month lease by dantm May 06, 2008 (6:57 am)
So my 2006 Z4 lease is coming to an end this summer (3 months). BMW sent me info w.r.t. different options but they won't allow me to discuss re-lease terms with them prior to 60 days before lease end (apparently because of changing residuals and money factors).   I had some questions for the group:   (1) is there anywhere where I could find the ballpark numbers for my car (i.e. if my lease was ending today or in 1-2 months, what would be the numbers I'd be looking at;   (2) do they let me keep the miles if I'm under or they re-set to 0 upon the start of the new lease (i.e. if I used 15K of a 20K lease and I renew for a 20K lease, will I end up with 25K?).   (3) in general are re-lease options a good idea?   Any other thoughts please let me know. I had a great deal on my 2006 and I would not mind keeping it for another ~2 years.   Thanks!!
#568 of 606 2008 Z4 3.0si Roadster - ls this a good deal? by joasav Jun 29, 2008 (5:25 pm)
Hello Car_Man, Kyfdx,   I have a dilemma. I am going to the dealer to close the deal tomorrow but don't know if I am getting the best deal. This is the first time I am leasing a car and I am almost come to my end in getting my Z4 3.0si. I also figure I would go with 12k miles.   Any help on reducing the money factor or anything else to lower the monthly payment would be appreciated.   Thanks   South Florida - BMW Fort Lauderdale MSRP $50,200 (INCLUDES AUTO, PREMIUM & SPORTS PKG, XENON LIGHTS, BLACK LEATHER SEATS, M SPORTS SEATS, JET BLACK WITH BLACK AUTO SOFT TOP). END OF JUNE DISCOUNT $6,225 NEGOTIATED PRICE $43,975 TERM : 24 MONTHS RESIDUAL VALUE 73% MONEY FACTOR : .00215 MILES : 10,000 PER YEAR   LEASE PAYMENT : $359.00 TAXES 6% $21.54 TOTAL MONTHLY PAYMENT : $380.54   DOWN PAYMENT $2,500 BANK FEES $625 SALES TAXES $700 SECURITY DEPOSIT $400 TAG $250 1ST PAYMENT $359 TOTAL DUE ON DELIVERY DAY $4,834 Replies to this message: Car_man (Jul 07, 2008 1:20 am) bigmoneywasted (Oct 31, 2008 2:23 pm) Car_man (Nov 06, 2008 5:33 pm) and 3 more...
#569 of 606 lease rates by erdoran Jun 29, 2008 (6:16 pm)
http://www.bimmerfest.com/forums/showthread.php?t=290404 And read the sticky on MSDs (multiple security deposits) - do those instead of a down payment
#570 of 606 Re: 2008 Z4 3.0si Roadster - ls this a good deal? [joasav] by Car_man HOST Jul 07, 2008 (1:20 am)
Replying to: joasav (Jun 29, 2008 5:25 pm) Hi joasav. Erdoran is right. You would be much better off making multiple security deposits on the Z4 that you are interested in leasing than a $2,500 down payment. Unlike a down payment which is just gone, you actually get the security deposits back at the end of your lease. Each additional deposit that you make reduces your car's month factor by .00007.   The money factor that you were quoted looks good, assuming that you are having the security deposit waived. The selling price that you are being given on this car looks good, too. There is around a $4,000 spread between its full MSRP and dealer invoice price. Add to that the $3,000 dealer cash that is available on it and there's a total of $7,000 to work with. So you're at around $700 over invoice.   Other than the down payment, this looks like a good deal to me.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: bigmoneywasted (Oct 31, 2008 2:23 pm) Car_man (Nov 06, 2008 5:33 pm) choosinu (Nov 06, 2008 10:28 pm) and 2 more...
#571 of 606 First time Z4 lease by nazgul1 Jul 09, 2008 (5:53 pm)
Hi Car_Man and Kyfdx,   I am in the process of leasing a Z4 and could really use some advice. This is my first time leasing a car and despite all the online research I've done, I'm still not sure whether I'm getting a good deal. Here are the details of the deal I'm getting:   MSRP: 44,350 Invoice: 41,535 Selling Price: 39,635 Bank Fee: 825   Down payment: 2500 (this is negotiable, i can change this to whatever i want)   Net Cap: 37,960 Tax: 8.5% = 217 License & Reg: 327.75 Doc Fee: 55 Security deposit: 500 (i can increase this to 8 times the sec dep and get the corresponding .0007 decrease in money factor per deposit) Term: 36 month Mileage: 10000 Residual Factor: 63% Money Factor: .0022   Lease payment: 459.28.   Does this sound about right? Also, is the selling price around what you would expect or can I still negotiate a lower rate? Replies to this message: hannab (Jul 16, 2008 2:49 pm) Car_man (Jul 21, 2008 2:29 am)
#572 of 606 Re: First time Z4 lease [nazgul1] by hannab Jul 16, 2008 (2:49 pm)
Replying to: nazgul1 (Jul 09, 2008 5:53 pm) You did not say if this was a coupe or convertible, however, from the 63% residual it must be a convert. I am also looking at a Z4. There is currently a manufacturer to dealer incentive of $3000 on this car, so your selling price of $1900 below invoice or $1100 above dealer cost is fair. However, the current BMWFS base MF rate on this car is .00200, so your dealer is marking it up .0002, which BMWFS allows them to do, but in this soft market (that is why there is $3000 "trunk money") you should not have to accept. Also, the BMWFS bank fee is $625, so your dealer is marking that up $200, also allowed, but in this soft market, do not accept it. Otherwise it seems to me a fair deal for both you and the dealer.     IMHO, do not put the $2500 down payment, use that money to give multiple security deposits to get a MF lower than the base rate of .002.   Good luck.
#573 of 606 Re: First time Z4 lease [nazgul1] by Car_man HOST Jul 21, 2008 (2:29 am)
Replying to: nazgul1 (Jul 09, 2008 5:53 pm) Hi nazgul1. You never mentioned exactly what model Z4 you are interested in, but assuming that it is the 3.0i roadster the selling price that you were quoted looks pretty good to me. It is really equivalent to around $800 over invoice after the $2,500 dealer cash and $200 acquisition fee mark-up that the dealer is making are taken into account. Just make sure that the dealer that you are working with uses BMW Financial Services' buy rate lease money factor of .00200 to calculate your car's monthly payment instead of the slightly marked-up one that you mentioned.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#574 of 606 2008 Z4 3.0si Roadster - ls this a good deal? [Car_man] by bigmoneywasted Oct 31, 2008 (2:23 pm)
Replying to: Car_man (Jul 07, 2008 1:20 am) Hello, I just signed my lease on a 2008 Z4. Will hopefully pick it up tomorrow. I am posting my numbers here since this site was so helpful to me. Feel free to critique the deal but please be kind to the newbie. I cut and pasted the earlier post substituting my numbers for ease of comparision.   Columbus Ohio MAG BMW MSRP $41,950 (INCLUDES AUTO, SPORTS PKG, XENON LIGHTS, HEATED SEATS, ETC). NEGOTIATED PRICE $37,325 TERM : 36 MONTHS RESIDUAL VALUE 63% MONEY FACTOR : .00116 MILES : 10,000 PER YEAR    LEASE PAYMENT = $337.79 TAXES 6.75% = $22.80 TOTAL MONTHLY PAYMENT = $360.59    DOWN PAYMENT $2,500 BANK FEES $925 SALES TAXES $818.67 SECURITY DEPOSIT $2800 = (7*400) TAG $86.50 1ST PAYMENT $360.59 TOTAL DUE ON DELIVERY DAY $5966.83   Total on delivery is high since I paid both a down payment and 7 fold MSD. The MSD reduced total cost by $1100. I could not negotiate the down payment away since they used that to underwrite the low monthly rate, intially advertised on the BMW website at $349+tax for the base model. On Oct 28, 2008 that base rate went up to $399+tax, so I believe them when they said I had to finish this deal by the end of this month, on Halloween. Replies to this message: Car_man (Nov 06, 2008 5:33 pm) choosinu (Nov 06, 2008 10:28 pm) choosinu (Nov 08, 2008 8:56 pm) Car_man (Nov 17, 2008 5:05 pm)
#575 of 606 Re: 2008 Z4 3.0si Roadster - ls this a good deal? [bigmoneywasted] by Car_man HOST Nov 06, 2008 (5:33 pm)
Replying to: bigmoneywasted (Oct 31, 2008 2:23 pm) Congratulations on getting your new Z4, bigmoneywasted. Thanks for taking the time to share the details of your lease with everyone. If you'd like, you can also hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride !   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: choosinu (Nov 06, 2008 10:28 pm) choosinu (Nov 08, 2008 8:56 pm) Car_man (Nov 17, 2008 5:05 pm)

Messages Page 58 of 61 1 ... 55 56 57 58 59 60 61 Prev Next Last

Go To Msg # Search This Discussion

You are here: Forums Prices Paid: Buying & Leasing Experiences BMW Z4 Lease Questions