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BMW Z4 Lease Questions

707 messages,  Last post on Jun 11, 2013 at 3:00 PM

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

Messages Page 7 of 71

#59 of 707 Re: Re: Re: 30 month Z4 lease by Car_man HOST

Oct 27, 2005 (3:28 am)

Hi tara3056. BMW is currently providing $3,000 dealer cash on the 2005 Z4 2.5i. After taking this cash into account it appears to me as though you are being offered this car at just over dealer invoice, which is a good deal. The dealer that you are working with is not trying to mark-up BMW FS' buy rate lease money factor of .00100 either, which is a good thing. The only thing that I don't like about this deal is the down payment that you are making. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Z4 would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all. The bottom line is yes this is a good deal, but lose the down payment. If you really want to trade your current vehicle in, you can always have the dealer cut you a check for it rather than using the proceeds from it ad a capitalized cost reduction for your lease.
 
Car_man
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#60 of 707 Re: BMW Z4: Lease Question by Car_man HOST

Oct 27, 2005 (3:30 am)

Greetings toncar. You never mentioned the selling price of the car that you leased. This is an important number for anyone who is going to give you feedback on your deal because it enables them to see how much of a discount you were given and it is necessary to estimate a lease payment. If you tell us this number, I would be happy to give you my opinion on this deal.
 
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#61 of 707 Re: Z4 2.5 lease..Need HELP! Of course! by Car_man HOST

Oct 27, 2005 (3:36 am)

Hi omegagen. Judging by some of the prices that I have seen other community members quoted on similar cars lately, I would say that you may be able to get the '05 Z4 2.5i that you are interested in for less than the price you were quoted. BMW is currently providing $3,000 dealer cash on this car. Furthermore, there is around a $3,000 spread between its full MSRP and dealer invoice price. You are only being given a $1,200 discount on a leftover convertible as winter quickly approaches. I suspect that you may be able to get around a $2,000 to $2,500 discount on this car if you shop around. This would put the selling price of the exact model that you are considering at $33,195 to $32,695. Also, make sure that the dealer that you are working with is using BMW Financial Services' current buy rate lease money factor of .00100 to calculate your car's lease payment.
 
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#62 of 707 Re: CarMan, OOOOh Carman where are you? by Car_man HOST

Oct 27, 2005 (3:48 am)

Hey omegagen. Despite the fact that you live in a relatively warm state, I still suspect that you can do better than $35,250 on an '05 Z4 2.5 with an MSRP of $39,970. There is $3,000 dealer cash on this car and aruond a $3,000 margin between MSRP and invoice. The price that you were quoted isn't terrible, but I suspect that you may be able to do a little better. If you were able to get this car for $1,000 over invoice, which is more than reasonable your price would be $34,970. I have seen many consumers get this car for around $500 over invoice.
 
Also, I don't like the large down payment that you are making on this car. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Z4 would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all.
 
Car_man
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#63 of 707 Re: CarMan, OOOOh Carman where are you? [Car_man] by omegagen

Oct 27, 2005 (5:06 am)

Replying to: Car_man (Oct 27, 2005 3:48 am)
CarMan,
 
Thanks for the advice! Now I have to call the guy back and push for more. I've not signed anything, but I have already been approved by BMWFS.
 
Thanks again!!!

#64 of 707 Re: BMW Z4: Lease Question [Car_man] by toncar

Oct 27, 2005 (9:19 am)

Replying to: Car_man (Oct 27, 2005 3:30 am)
hi carnan,
thanks for your response. the MSPR is 37059. and selling price of 32000 inluding delivery. i m gonna put down 3000 in cash include everything: tax title, registration fee etc.. and i m gonna be paying 300 a month. let me if it is a good deal

#65 of 707 Re: CarMan, OOOOh Carman where are you? [Car_man] by omegagen

Oct 27, 2005 (2:48 pm)

Replying to: Car_man (Oct 27, 2005 3:48 am)
CarMan,
 
I'm confused after I read your reply later on.
 
MSRP - $39970
Invoice - $36620
Selling price - $35250
TMV - 35396
 
This "deal" is $1370 under invoice. I've done better than $500 over invoice.
 
Thanks again for your time!

#66 of 707 toncar by nyccarguy

Oct 27, 2005 (8:31 pm)

I always think it is a good idea to roll the taxes into your lease. Do this for the same reason you shouldn't put a down payment on your leased car, if the car gets wrecked or stolen, good luck getting your money back from whatever state you live in.

#67 of 707 Re: Re: CarMan, OOOOh Carman... by Car_man HOST

Oct 28, 2005 (3:52 am)

You're welcome omegagen. Good luck and let us know if you have any other questions.
 
Car_man
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#68 of 707 Re: Re: BMW Z4: Lease Question by Car_man HOST

Oct 28, 2005 (4:04 am)

No problem toncar. BMW is currently providing $3,000 dealer cash on the 2005 Z4 2.5i. You are being offered a discount of just over $5,000 on this car, so you are probably getting it for less than $1,000 over dealer invoice which is a reasonable price. According to my calculations, if you were to lease this car for 30 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $368. I assumed that you were not going to make a down payment because it is in your best interest to not make one when leasing. I say this for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Z4 would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all. For a point of reference, with a $1,000 cap cost reduction this car's payment would drop to around $334, with $2,000 it would drop to $299, and with $3,000 it would drop to $265.
 
Car_man
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Messages Page 7 of 71

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