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Prices Paid: Buying & Leasing Experiences 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
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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 |
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Replying to: joasav (Jun 29, 2008 5:25 pm) 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
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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?
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Replying to: nazgul1 (Jul 09, 2008 5:53 pm) 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. |
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Replying to: nazgul1 (Jul 09, 2008 5:53 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Jul 07, 2008 1:20 am) 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. |
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Replying to: bigmoneywasted (Oct 31, 2008 2:23 pm)  ! Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Nov 06, 2008 5:33 pm) 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
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Replying to: choosinu (Nov 06, 2008 10:28 pm)  Okay, I got one; another one that is. I am set to return 2006 Z4 3.0i in 3 weeks, so I went out today and got my new one 2008 Z4 3.0si. I would've gone for the "M" but I drive in too much stop and go So Calif traffic to contend with the manual transmission. This has been a great car for those of you who are wondering. Here's the deal I got today: Thousand Oaks, Ca - RusnakBMW Space Gray (options metallic paint, premium, sport, steptronic, heated seats, xenon lights, and M sport seats) MSRP 51,250 Negotiated Price 43,500 Residual Value 60% 30,750 Money Factor: . 00230 Miles: 15,000 Term 36 months Lease Payment = 526.30 Tax 8.25% = 43.42 Motnhly Pay = 569.72 Down Payment 0.00 Sec Deposit 0.00 Bank Fees 925.00 Tax on Bank Fee 76.31 License Fee 358.00 CA Tire Fee 8.75 1st Payment 569.72 Total Drive off 1937.78 |
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Replying to: choosinu (Nov 06, 2008 10:28 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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