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BMW Z4, Car Leasing, Convertible
#623 of 711 Re: BMW Z4 30i lease rates [kirans]
Jan 07, 2010 (3:37 am)
Hi Kiran. Sorry for the delay in my response. I took some time off for the holidays. Here's the new January information for the car that you're interested in.
BMW Financial Services' current buy rate lease money factor and residual value for a 30 month lease of a 2009 Z4 3.0i with 12,000 miles per year are .00140 and 59%, respectively.
In addition to this special money factor, BMW is providing a $3,000 cash incentive on leases of this car.
Prices Paid: Buying & Leasing Experiences Forum
#624 of 711 Re: Is this a good deal?? [enkur]
Jan 07, 2010 (10:43 pm)
I think ur deal was a little high. I was able to get a deal on 2009 Z4 3.0 in LA on 12/24/09. It was $ 1400 for drive-off (first-month, rebate sales tax, license, and CA tire fee) and $ 459.32 per month, including 9.75% sales tax. I also rolled the last 2 payments on my Mini Cooper ($ 688) and the $ 725 bank fee) into my CC. The car's MSRP was $ 50145. IMO, wtalbot had the best deal but he didn't put the trigger.
#625 of 711 Re: Is this a good deal?? [andyshih2000]
Jan 11, 2010 (10:52 pm)
I live in So Cal too and was quoted this from Flawless Auto Group-
2009 Z4 with 3.0 engine. Automatic. Sticker- $50K, down- $5000, need to pay dealer $250 plus $350 per month for 29 month lease.
I plan to pull the trigger tomorrow. Is this a good buy? or too good to be true? Thanks.
#626 of 711 Re: Is this a good deal?? [dman99]
Jan 12, 2010 (9:30 am)
Did you mean ur drive off is $ 5250? Also, $ 350 includes sales tax or not?
#627 of 711 Re: Is this a good deal?? [andyshih2000]
Jan 13, 2010 (12:14 am)
Hi Andy, $5250 is the drive off, $350 does not include sales tax. Thanks.
#628 of 711 Re: Is this a good deal?? [dman99]
Jan 13, 2010 (9:44 am)
I think you could do better. Based on carman's rate, this is what I came out roughly.
CC:40K (I think you can do better than this)
MF: 0.0014, Residual: 59% for 12K
Depreciation: $ 350/month, Rental: $ 97.30/m, Monthly Payment=$ 447.30 before tax
Drive-off: First month + license+bank fee+ Sales tax on Rebate (around $ 2200)
IMO, 5K as drive-off seems too much and you always wanna save some cash in the bank.
#629 of 711 2010 Z4 idrive35i Lease expectations
Jan 25, 2010 (5:05 pm)
Good evening All,
I was hoping someone may be able to help me out. I have been looking at the Mercedes SL550 but after doing some research on the Z4, thought I would look into it. I was quoted the following on a 2010 Z4 35i MSRP of $66,975:
dealer discount: $3450
6% CT tax: $3814
Money down: $4000
Monthly payment of 36 month 15K miles/year: $1041
This seems very high to me. Are there any incentives or special lease rates on the 2010 model with the 2011 model coming out? I am also a USAA member. What is the residual and money factor on this lease? With this monthly payment I could pay about $200 more per month and buy the $109K SL550. Something just doesn't add up. Please help!
#630 of 711 You need to rethink your $driveoff!
Jan 25, 2010 (5:31 pm)
What most of you posters are missing is that the drive-off is part of your lease payment! For example, which is the better deal on a 24 month lease:
1. $500/month and 0 down payment (let's ignore taxes, etc. for now)
2. $300/month with $5000 downpayment
#1 is a better deal, guys....it works out to $8/month difference on payments (that nice low $300/mo payment is really $508/mo when you factor in the down payment aka CCC, cap cost reduction). But...let's say you drive off the lot and into a tree and you total your new Z4. That $5000 has just evaporated! BMWFS gets paid for their car, you don't owe them anything, but you are $5000 poorer.
OTOH, for deal #1, when you drive into that tree your gap insurance takes over, also pays BMWFS off, and you walk back into the dealership to lease another Z4, which you promise to drive more carefully :>
Seriously, you need to calculate what that cap cost reduction aka down payment comes out to per month, add that to your lease payment, and then you can compare.
I've also seen posts on here where people don't even put the price of the car! In order to properly evaluate ANY deal, whether buy or lease, you have to include that figure! The monthly payment is almost irrelevant! Here's the required info - and if you don't understand how to use it, then you need to stop, read some articles about what these numbers mean & how to use them, before you overpay--because you WILL overpay otherwise!
Buy: Final price for car, additional "nuisance fees" (e.g. doc prep fee, detail fee, etc), tax, title, license, and anything the dealership is going to try to add on! What is the total price?
If financing, length of finance term, interest rate, down payment (if any).
Lease: as above other than "if financing", PLUS residual, money factor, length of lease, lease mileage/year, cap cost reduction (should always be zero unless doing a very small one to take advance of multiple security deposit MF buydowns and lower the up front slightly--if you don't understand this then google for "MSD BMW lease multiple security deposits"), and finally (least important, believe it or not!) monthly payments!
Car dealers just LOVE the "payment buyer" who doesn't know what the car costs or what junk fees are being added on. So how can you get ripped off if you have a low payment? Well, the amount of down payment required to get those low payments (add it in, the payments won't be so low!), perhaps the loan term, or perhaps an unrealistically low lease annual mileage.
#631 of 711 Re: 2010 Z4 idrive35i Lease expectations [coastie17]
Jan 29, 2010 (2:56 am)
Hi coastie17. I realize that this is a sixty-something thousand dollar car, but a thousand dollars per month with four grand down for a Z4 is absolutely nuts. There's no way that I would lease one for anywhere near that.
Here's the information on BMW's current lease program that you requested. BMW Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2010 Z4 35i with 15,000 miles per year are .00190 and 53%, respectively.
Prices Paid: Buying & Leasing Experiences Forum
#632 of 711 Re: 2010 Z4 idrive35i Lease expectations [Car_man]
Feb 09, 2010 (2:47 am)
Hi. I have a question, I leased a BMW Z4 3.5 two months ago from AutoModaDVR.com & would like to know if it was a good deal? MSRP on the car was little more than $66,000(fully loaded) It was a factory demo,this guys always have demo models which I think cheaper than brand new ones. Total drive off was $2500 & my payments are $545 including tax for LA. It's a 29 month lease with 12k a year.
Oh I almost forgot, I had to pay AutoModa consultation fee of $660 dollars for getting this deal for me, so there charge was 1% of the MSRP.
Reason why I want to know it was a good deal or not, I am thinking to get another vehicle from them. Please advise.