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BMW Z4 Lease Questions

601 messages,  Last post on Nov 08, 2009 at 9:18 AM

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

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#573 of 601 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 601 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 601 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)
#576 of 601 Re: 2008 Z4 3.0si Roadster - ls this a good deal? [Car_man] by choosinu Nov 06, 2008 (10:28 pm)
Replying to: Car_man (Nov 06, 2008 5:33 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 Replies to this message: choosinu (Nov 08, 2008 8:56 pm) Car_man (Nov 17, 2008 5:05 pm)
#577 of 601 Re: 2008 Z4 3.0si Roadster - ls this a good deal? [choosinu] by choosinu Nov 08, 2008 (8:56 pm)
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
#578 of 601 Re: 2008 Z4 3.0si Roadster - ls this a good deal? [choosinu] by Car_man HOST Nov 17, 2008 (5:05 pm)
Replying to: choosinu (Nov 06, 2008 10:28 pm) Hi choosinu. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW Z4 3.0si roadster with 15,000 miles per year are .00230 and 60%, respectively. As you can see, these numbers are in line with what the dealer quoted you. A money factor of .00230 is equivalent to an interest rate of around 5.5%. That's the going rate for a lease of this model right now. Manufacturers frequently charge different interest rates for leases and loans on the same vehicle.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#579 of 601 2009 Z4 Roadster by Joepa_Lions Dec 18, 2008 (4:00 am)
I just heard that BMW has released the 2009 Z4 roadster. Does anyone know what the MSRP will be and what I might expect to pay to lease one.
#580 of 601 take over lease? by mortal1 Jan 13, 2009 (2:50 pm)
Hello all,   Lately I've gotten the sports car itch. I was looking at taking over a lease for 600/mo. I also have to pay a transfer free of 500 and a end lease fee of 300. I was wondering what all could be negotiated when it comes to taking over a lease? Could I negotiate the payment or is that locked in by the financing company?   I'm assuming I could get the seller to pay the fees, or at least one of the two. I've never done anything like this so I'm a wee bit lost. Replies to this message: Car_man (Jan 15, 2009 2:54 am)
#581 of 601 Re: take over lease? [mortal1] by Car_man HOST Jan 15, 2009 (2:54 am)
Replying to: mortal1 (Jan 13, 2009 2:50 pm) Hi mortal1. Of course, I don't know how the particular car that you are interested in is equipped, but $600 per month seems like a lot of money for a BMW Z4. Have you compared the cost of leasing a new one with the cost of this assumption. You may find that going with the assumption doesn't make financial sense.   The payment on the lease that you are considering assuming was set by BMW Financial Services, or whichever bank it is being leased through long ago. It cannot be altered, but people who are interested in assuming leases are often able to negotiate some sort of kickback from the individual who wants to get out of their lease, ssuch as "OK, I'll assume your lease but you have to throw in a grand and pay all of the fees."   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#582 of 601 New Z4i lease rate question by jcginTX Jan 31, 2009 (6:43 pm)
I am looking at a new Z4 i convertible with premium and many features but no sport. Sticker is $43,700 and I get the same number when I add up the features on Edmunds.   Dealer offered $4,000 off the sticker right up front. This gets it to $39,550 which is under Edmunds invoice best as I can tell.   36 month 15k lease would be MF .003 with 60% residual   I see a November posting with a MF of .0023 for a 36/15 with 60%. Is this still valid?   I see the $3,000 dealer incentive in November, is this still valid? Replies to this message: Car_man (Feb 24, 2009 2:46 am)

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