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BMW Z4 Lease Questions

702 messages,  Last post on Apr 21, 2013 at 2:53 PM

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

Messages Page 9 of 71

#79 of 702 Re: Need Help With Z4 Deal (price & lease)???? by Car_man HOST

Nov 07, 2005 (4:09 am)

Hi fireball. There's a reason manufacturers have to put thousands of dollars in dealer cash on a vehicle. Don't get me wrong, I think that the Z4 is a neat car, but if it was selling really well BMW wouldn't need to provide so much dealer cash on it. The price that you were quoted is $1,770 over dealer invoice. If you are in an area where there is a lot of competition for your business, I would not be surprised if you were able to beat this price. You may want to stop by the following discussion to see how much other community members have paid for similar cars recently: "BMW Z4: Prices Paid & Buying Experience".
 
Let's estimate what this car's lease payment should be using BMW's actual lease program and the prices that you were quoted. According to my calculations, if you were to lease a 2005 Z4 2.5i with an MSRP of $43,370 and a selling price of $38,530 through BMW Financial Services right now for 36 months with 10,000 miles per year, its zero down, pre-tax monthly payment should be around $415. I based this deal upon a 36 month term because for the month of November, BMW made this car's lowest money factor available for this longer term. It will result in a lower lease payment than a 30 month lease would. Of course, if you are able to negotiate a lower selling price, this car's lease payment will drop as well.
 
Car_man
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Smart Shopper / Prices Paid Forums

#80 of 702 Re: How about this Z4 deal? by Car_man HOST

Nov 07, 2005 (4:16 am)

Hi dreamrocks. The first problem that I have with the deal that you were quoted is the lease money factor. BMW Financial Services' current buy rate lease money factor for a 30 month lease of this car is only .00100 for consumers who pay a security deposit. Try to see if you can get the dealer to use the buy rate factor is used to calculate your car's lease payment. If not, it's not that big a deal because the selling price that you were quoted for this car is excellent. If looks to be a little below dealer invoice once the $5,000 dealer cash that BMW is providing on this car is being taken into account. If you like the car, go for it.
 
Car_man
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#81 of 702 Re: z4 lease deal by Car_man HOST

Nov 07, 2005 (4:19 am)

Hi ipark. BMW is still offering an attractive lease program on the 2005 Z4 in November. The main difference between its October and November lease programs for this car are that the most attractive length lease for one was 30 months in October and it is 36 months in November.
 
Car_man
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#82 of 702 Z4 Residuals by chr

Nov 09, 2005 (9:33 am)

Hi Car_man,
 
Thanks for posting all the great info! I was wondering if you had the breakdown for the money factor and the residuals on 2.5 z4's for periods between 24 months to 36 months (24,27,30,36) And also, have the rates been better in December and January because of the winter?

#83 of 702 2005 Z4 3.0i Lease by missmc123

Nov 18, 2005 (2:06 pm)

Hi, i need help understanding this deal. I am worried that i will not be getting the best deal as i am a single female, leasing for the first time. please help!
27month/10k mi year lease
residual: 65%
MF: .00135
MSRP: $46,570
Adjusted Cap cost $42,395. ($5000 incentive, initial Cap cost $41,570 plus $825 additional cap costs. what is that anyways?)
payment: 547/mo
due at signing: tax, no security, title,license $1910
P.S. i live in buffalo, not the hottest market for this car

#84 of 702 Z4 BMW dealer charging me on Shipping like Carmax by anumolu

Nov 18, 2005 (2:15 pm)

Hi, I approached for a lease offer on Z4, I am in VA and the dealer showed me the car in IL. Car MSRP is 38000/- and he offers a SP for 34250/- plus 500/- shipping costs share. For the lease, 4650/- down + 500/- shipping and monthly 361/- on a 12M/12K mile lease for 27 months. I gave a $1000/- deposit on this and now After seeing in these forums I feel I have been charged un-reasonably.
Do you think its a good idea for me to go ahead on this deal ?, the sales man calls me and tells theres not a few cars out there anymore.. , pls advise.

#85 of 702 Re: 2005 Z4 3.0i Lease [missmc123] by kyfdx HOST

Nov 18, 2005 (4:58 pm)

Replying to: missmc123 (Nov 18, 2005 2:06 pm)
If there is a $5K incentive, and they are only giving you $5K off of the MSRP, then you are essentially paying sticker price for the car.. This is way too much.. They wouldn't have $5K dealer incentives if these were selling well..
 
In addition, they are marking up the acquisition fee (that is the $825).. the base fee is only $625..
 
I'm not too familiar with the 27 month lease program, but I'd bet they are marking up the money factor as well..
 
Not too much to like about this deal... and a 27 month lease? So.. you only get two summers and three Buffalo winters? I think I'd go with a 36 month lease..
 
regards,
kyfdx
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#86 of 702 Re: Z4 BMW dealer charging me on Shipping like Carmax [anumolu] by kyfdx HOST

Nov 18, 2005 (5:00 pm)

Replying to: anumolu (Nov 18, 2005 2:15 pm)
Again.. A $3000 incentive on the Z4 2.5... This offer is only $750 more off... and then $500 to have it shipped to you...
 
I'd keep shopping..
 
regards,
kyfdx
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#87 of 702 Re: 2005 Z4 3.0i Lease [kyfdx] by missmc123

Nov 18, 2005 (5:42 pm)

Replying to: kyfdx (Nov 18, 2005 4:58 pm)
wow, thanks for the help. it didnt sound too great to me either. can you give me some help to try and rework this deal in my favor?

#88 of 702 Re: 2005 Z4 3.0i Lease [missmc123] by kyfdx HOST

Nov 19, 2005 (2:50 am)

Replying to: missmc123 (Nov 18, 2005 2:06 pm)
Okay... try this..
 
$46570 MSRP
$39000 Selling price (I like round numbers)
$39625 Cap cost (selling price + $625 acq.fee)
36mo/30K lease
58% residual
.0010 money factor
Payment = $417/mo.
 
Due at signing? You'll have to add a $450 security deposit... 1st payment will obviously be less.. tax may be slightly more, since the term is for 36 months, but will save some, due to the lower selling price. Total should be somewhere between $2000-$2500, depending on the tax.
 
The selling price is $2570 under MSRP, taking into account the incentive.. It is a 2-seat convertible in Buffalo, in November.. If the selling price were $1000 higher, it would add $29/mo to the payment.. just to give you a guideline...
 
Hope this helps!
kyfdx
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Messages Page 9 of 71

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