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BMW Z4 Lease Questions

702 messages,  Last post on Apr 21, 2013 at 2:53 PM

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

Messages Page 58 of 71

#567 of 702 Re-leasing car at the end of 24 month lease by dantm

May 06, 2008 (7:57 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 702 2008 Z4 3.0si Roadster - ls this a good deal? by joasav

Jun 29, 2008 (6:25 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

#569 of 702 lease rates by erdoran

Jun 29, 2008 (7:16 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 702 Re: 2008 Z4 3.0si Roadster - ls this a good deal? [joasav] by Car_man HOST

Jul 07, 2008 (2:20 am)

Replying to: joasav (Jun 29, 2008 6:25 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
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Prices Paid: Buying & Leasing Experiences Forum

#571 of 702 First time Z4 lease by nazgul1

Jul 09, 2008 (6:53 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?

#572 of 702 Re: First time Z4 lease [nazgul1] by hannab

Jul 16, 2008 (3:49 pm)

Replying to: nazgul1 (Jul 09, 2008 6:53 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 702 Re: First time Z4 lease [nazgul1] by Car_man HOST

Jul 21, 2008 (3:29 am)

Replying to: nazgul1 (Jul 09, 2008 6:53 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
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Prices Paid: Buying & Leasing Experiences Forum

#574 of 702 2008 Z4 3.0si Roadster - ls this a good deal? [Car_man] by bigmoneywasted

Oct 31, 2008 (3:23 pm)

Replying to: Car_man (Jul 07, 2008 2:20 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.

#575 of 702 Re: 2008 Z4 3.0si Roadster - ls this a good deal? [bigmoneywasted] by Car_man HOST

Nov 06, 2008 (6:33 pm)

Replying to: bigmoneywasted (Oct 31, 2008 3:23 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

#576 of 702 Re: 2008 Z4 3.0si Roadster - ls this a good deal? [Car_man] by choosinu

Nov 06, 2008 (11:28 pm)

Replying to: Car_man (Nov 06, 2008 6:33 pm)
Hello Car_man,
 
Do you have the residual and money factor for 08 Z4 si 36 mo 15K miles? I am trying to validate numbers a dealer is giving me. Here's what I have gotten from him so far:
 
Negotiated price - 43,500 (includes metallic paint, premium, sport, nav, steptronic, heated seats and zenon headlights)
 
Dealer says MSRP is 50750. That only makes sense if nav is not in the car. I get 52550 MSRP and 48380 invoice from this site,.for the options listed.
 
Dealer says payment will be 578 incl tax based on 60% residual 30450. and 2.3 mf from BMW financial. He says I am getting loyalty discount on car but doesn't say what that equates to. The 2.3 is also not making sense. They show purchase apr of 2.9 which would result in different mf rate, provided that is the basis.
 
Hopefully you can help, my current lease is up this month Z4 i and I would be paying 20 dollars more than I pay now for my 2006 if the payment amount is correct and the car is new with more options, but I just can't get the numbers to work in lease calculator.
 
Thanks in advance

Messages Page 58 of 71

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