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BMW Z4, Car Leasing, Convertible
#68 of 702 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.
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#69 of 702 Re: Re: CarMan, OOOOh Carman where are you?
by Car_man HOST
Oct 28, 2005 (4:15 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.
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#70 of 702 My Z4 was delivered to my front door today!
Oct 28, 2005 (2:23 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!
#71 of 702 Need Help With Z4 Deal (price & lease)????
Oct 28, 2005 (8:43 pm)
I'm considering a 2005 Z4 2.5i and found this car at a local dealer equipped as follows:
Prem. PKG. $3,200
Sport PKG. $1300
BMW Assist $750
Total MSRP $43,370
The best price I am able to negotiate is $38,030 + $499 dealer prep fee = $38, 530
First, is this a good deal considering the current $3000 dealer incentive on this model?
Second and most important, taking into consideration BMW's current lease program, what would be considered a good lease deal on this vehicle (30 mo. lease/10K mi. limit?) I've never leased before so it's "new territory" for me!
#72 of 702 How about this Z4 deal?
Oct 29, 2005 (10:26 pm)
I am getting this 2005 Z4 3.0i at a local dealer:
Included: Prem. PKG; Sport PKG; Auto tran.; Xenon; Heated seat; Extended Leather;
Negotiated a deal for $459.99 per month (30M/10K) after tax w/o down:
ACQ Fee: $970
Money Factor used: 0.00141
Dealer mark up the Fee and Money Factor, but lowered sale price under invoice.
Is this a good deal to go?
#73 of 702 z4 lease deal
Nov 02, 2005 (7:25 am)
Recently I found out that there were decent 2005 Z4 deals around (299/month?).
However, the deal seemed to be expired 10/31/2005 by bmw's website.
Is this deal still around? Cuz I like to get one very soon (over the weekend) if the deal is still around.
#74 of 702 Re: z4 lease deal [ipark]
Nov 02, 2005 (9:30 am)
I reply to my message --;
I checked it now on bmw website, the promotion is still availale.
Now it's 27months instead of 30 month previoiusly.
Is this a good deal?
and how is driving on the snow?
cuz I need to drive this car time to time on the snow since I live in New york where it snows moderately during the winter time.
Yes, this would be the only car.
#75 of 702 October incentives carry over
Nov 04, 2005 (7:31 am)
I just spoke with a BMW dealer in IL. He told me the same mfr incentives carry into November. I don't know about the mf or residuals.
#76 of 702 question about price for lease
Nov 04, 2005 (1:50 pm)
I am planning on leasing a bmw Z4 2.5i during the month of November
msrp is 41095 invoice is 37685
I want to lease the car for 36 months with 0 down and I want 15k miles per year
please tell me what my lease payment should be if I negotiate well for the car
#77 of 702 Re: question about price for lease [slaughter5111]
by kyfdx HOST
Nov 04, 2005 (9:33 pm)
'05 Z4 2.5
$35700 Selling price ($1K over invoice minus $3K incentive)
$36325 Cap cost (selling price + $625 acq.fee)
Payment = $441/mo. + tax
Due at signing = 1st pymt, security deposit, title/license fees ($1200-$1300 total).
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