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BMW Z4 Lease Questions

613 messages,  Last post on Dec 07, 2009 at 6:31 PM

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

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#61 of 613 Re: Z4 2.5 lease..Need HELP! Of course! by Car_man HOST Oct 27, 2005 (2:36 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.   Car_man Host Smart Shopper / Prices Paid Forums
#62 of 613 Re: CarMan, OOOOh Carman where are you? by Car_man HOST Oct 27, 2005 (2:48 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 Host Smart Shopper / Prices Paid Forums Replies to this message: omegagen (Oct 27, 2005 4:06 am) omegagen (Oct 27, 2005 1:48 pm)
#63 of 613 Re: CarMan, OOOOh Carman where are you? [Car_man] by omegagen Oct 27, 2005 (4:06 am)
Replying to: Car_man (Oct 27, 2005 2:48 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 613 Re: BMW Z4: Lease Question [Car_man] by toncar Oct 27, 2005 (8:19 am)
Replying to: Car_man (Oct 27, 2005 2:30 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 613 Re: CarMan, OOOOh Carman where are you? [Car_man] by omegagen Oct 27, 2005 (1:48 pm)
Replying to: Car_man (Oct 27, 2005 2:48 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 613 toncar by nyccarguy Oct 27, 2005 (7:31 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 613 Re: Re: CarMan, OOOOh Carman... by Car_man HOST Oct 28, 2005 (2:52 am)
You're welcome omegagen. Good luck and let us know if you have any other questions.   Car_man Host Smart Shopper / Prices Paid Forums
#68 of 613 Re: Re: BMW Z4: Lease Question by Car_man HOST Oct 28, 2005 (3:04 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 Host Smart Shopper / Prices Paid Forums
#69 of 613 Re: Re: CarMan, OOOOh Carman where are you? by Car_man HOST Oct 28, 2005 (3:15 am)
Hey omegagen. Your deal is not actually under invoice once the $3,000 dealer cash that BMW is providing on the 2005 Z4 2.5i right now is taken into account. This dealer cash means that if you pay $35,250 for a car with a dealer invoice of $36,620 the dealer is still making $1,630 on your deal. You may be able to get them down at least another $500 to $1,000.   Car_man Host Smart Shopper / Prices Paid Forums
#70 of 613 My Z4 was delivered to my front door today! by omegagen Oct 28, 2005 (1:23 pm)
Well, I didn't get back to the forum to check CarMan's last post to my question, so I didn't push for anymore on the deal. I felt comfortable with it and after looking around at dealerships within 200 miles radius most Z4's I found were option-loaded which was out of my price range. I refuse to buy locally in Wilmington, NC. The one I got was just right for me, so I decided not to push the envelope. Since it is a third car, sunny weekend car, 10K/yr is plenty for me. I barely drive 13K/yr on my everyday vehicle.   I made the deal on the car over the phone which left me buying "sight unseen", but the dealership, Leith BMW in Raleigh, NC, was easy to work with, therefore, I didn't have any qualms with this. Great buying experience!   The car is beautiful and a blast to drive!!! I just love the gray and black interior, black leather on the seat's side bolsters and a gray-cheque material down the middle. Some people complain about the brushed aluminum look inside, but I think it looks kinda "James Bondish". The whole car looks sooooo cool! I'm glad I got the SP package. It gives it a more aggressive stance!   Thanks for all the advice CarMan even though I wasn't able to adhere to your last post! When I saw the selling price was below Edmunds TMV I thought I was doing good, but I guess I there was still more wiggle-room. Oh well, live and learn! Thanks!

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