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10Roxy

10I have never leased a car before and checked with the BMW dealer in my area (St. Petersburg, FL) and they told me they have a lease "deal" as follows: BMW Z4 2.5 @ $329.00 per month based on MSRP of $36,270.00 @ 24 months/10,000 miles per year with 4,462.00 required at lease inception.

From reading your other posts I've learned that the money factor and residual the dealers use can make a huge difference in what you end up paying. Can you tell me what money factor and residual I should be considering based upon the information I have posted. I would consider 24 or 36 months to lease. I would also consider 10,000 or 12,000 miles per year for a 24 or 36 month lease.

They also have the BMW Z4 3.0 for $359.00 MSRP $43,770.00 @ 24 month/10,000 mile per year lease with $4,454.00 due at lease inception.

38,515Car_manHost

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10Thanks a million! I really appreciate your help.

172Are lease factors on all BMW models lower for 24 months, or just the Z-series? Any other incentives/deals I should look at?

(I am trying to compare September lease deals on the 3-series, 5-series, and Z-series to determine which is the best value. I will go with the 3-series unless I can find a great deal on the base 5 or Z.)

Thanks for your help.

2012005

Z4 2.5i Convertible

24 mo/15k mi – 63% Residual Value – Money Factor .00100 Base Rate

36 mo/15k mi – 56% Residual Value – Money Factor .00200 Base Rate

48 mo/15k mi – 38% Residual Value – Money Factor .00280 Base Rate

60 mo/15k mi – 31% Residual Value – Money Factor .00280 Base Rate

Z4 3.0i Convertible

24 mo/15k mi – 63% Residual Value – Money Factor .00100 Base Rate

36 mo/15k mi – 56% Residual Value – Money Factor .00200 Base Rate

48 mo/15k mi – 36% Residual Value – Money Factor .00280 Base Rate

60 mo/15k mi – 30% Residual Value – Money Factor .00280 Base Rate

37,547Z4 3.0i

24 mo/15k mi – 63% Residual Value – Money Factor .00100 Base Rate

36 mo/15k mi – 56% Residual Value – Money Factor .00200 Base Rate

48 mo/15k mi – 36% Residual Value – Money Factor .00280 Base Rate

Add 2% to all residuals for 12K mi./yr...

regards,

kyfdx

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12then I want 36 months, 0 down, and 15000 miles per month.

Assuming that I can get those terms what should my payment be based on the car price of $37000

Thanks for your help!

37,547regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

12Thanks

37,547Due at signing: 1st pymt, security deposit, title/license.. Approx. $1400-$1500 total, depending on your local fees..

I rolled the $625 acquistion fee into the cap cost, resulting in a cap cost of $37,625...

Actually, considering the $2500 dealer incentive, I would be shooting for a price about $1000 lower than that... At a selling price of $36K, the payment would be $498/mo.+ tax.. with the same upfront..

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

38,515Car_manHost

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38,515Car_manHost

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10I have been negotiating a lease on an '05 Z4 2.5 as follows:

12,000 mile per year, Money Factor of .00100, Residual of 65%. Based on the MSRP of $35,745.00 (including destination charge), a Base Cap Cost of our agreed on price of $31,695.00, 65% Residual of $23,234.00, .00100 Money Factor, 24 month term and 7% Tax, my calculations show a payment of $407.47+ $28.52 Tax per month.

I just received the following email from the salesperson and I am confused as to what the "buy" rate and "sell" rate means:

Our “buy” rate is .001, we sell the money at .0014. We also “roll” the $675 acquisition fee into the deal rather than charging it as part of the start up cost. As a result, the payment is $458.51 plus tax for a total of $490.61. The first month is collected up front plus security deposit, tag and fees for a total of $1,244.77. You have $1,000 on deposit, so the total amount due at signing is $244.77. I have re-written the buyer’s order. When would you like to stop in?Is he just trying to sell me on a higher rate by saying the .00100 rate is his "buy" rate? Or is the .00100 rate really unavailable? Ive seen it referred to as a "Base Rate", but I'm not sure what that means.

Please help, I was ready to go in and sign but now I'm not so sure.

:confuse:

37,547"sell rate" means they are marking up the money factor for extra profit on your deal. In fact, .0004 is the

maximumthey are allowed to mark it up..The base rate acquisition fee is $625, not $675, so they are marking that up, as well..

Rolling the acquisition fee into the lease is a good thing... it is less you have to pay upfront, so nothing wrong with that...

To put a number on it, the money factor mark-up is adding $22-$23 per month plus tax to this deal...

It looks like your tax rate is 7%... If they use the base rate and the base acquisition fee, then your payment would be about $434/mo. plus tax, or about $465/mo tax inclusive....

So, about $25/mo. less than his number...

regards,

kyfdx

Host-Prices Paid ForumsMODERATORPrices Paid, Lease Questions, SUVs

10I have to compliment you and Car Man. I'm incredibly impressed with and very grateful for the professional assistance I have received on this web site. For someone like me who knew absolutelyl nothing about leasing, being able to ask someone who does makes all the difference.

My sincere thanks to you both for all of your help!

37,547foxyroxy.... You are very welcome!!regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

9I have a couple of questions about a lease on a 3.0 Z4.

First about the price:

- Hendrick BMW in Charlotte NC is selling this with MSRP about $47k (Premium and Sports packages, Xenon lights and heated seats and manual transmission).

- According to Edmunds price, invoice is about $43k and others are paying about $41.5k.

- What is a reasonable price to expect to pay?

Second about lease numbers:

- it sounds like a 24 month lease is the way to go these days

- I was offered a money factor of 0.00155. Can I reasonably expect to negotiate down to the 0.001 money factor? Is there something I can do to encourage them to offer it?

- They did confirm the 65% 12k mi and 63% 15k mi residual values

- What final lease payment should I expect?

Thanks!

9- Money factor of 0.0014 - they won't budge on that. They acknowledge that BMW finance is offering 0.001, but they are holding on to their markup

- They are adding a doc fee of $299 and acquisition fee of $825. Are these reasonable?

Please help!

Thanks

38,515Car_manHost

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38,51524 months is definitely the way to go when leasing a 2005 Z4 right now. BMW's money factor for that term, .00100, is half of what it is for longer leases. You absolutely should insist that the dealer that you are working with use BMW's buy rate money factor to calculate your car's lease payment. Remember that your factor will be a little higher if you opt to have your security deposit or acquisition fee waived.

Using BMW's base lease program for this car, an MSRP of $47,000 and a selling price of $39,500, I estimate that it should have a 24 month, 12,000 miles per year, zero down, pre-tax monthly payment of around $482.

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38,515Car_manHost

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9I've contacted four dealers in the area (first 4 within 100 miles) and they all insist that the MF and acquisition fee markup is "standard" and that all deallers add to it.

Any advise on how to be more persuasive? Is it possible to deal with BMW finance directly instead of going through the dealer?

1Need your help. Looking to lease a Z4 in Oklahoma City. No other dealer within 100 miles. The MSRP is $47,994. They are offering .0014 money factor. Appears they have marked up money factor from other messages. The MSRP is $47994, and agreed to a purchase price $41,494, approx. $2500 under invoice. They are offering $560 per month (after some negotiation) for 24 month lease, 10k per year , with following down; first month ($560), security ($600), tax, title, and license ($1575, OK charges 3.25% use tax on full value of vehicle, whether leased or purchased), for a total of $2675 down at time of purchase.

It sounds to me getting the money factor at .001 would save about $25 - $30 per month. It appears you believe I should get another $1000 off price. That all taken into consideration, what do you think a fair lease is, with the down payment shown above, considering I would have to go to Dallas to deal with another dealer.

Thanks

Frank

20138,515Car_manHost

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38,515Car_manHost

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20Secondly, I need some numbers and opinions.......

This is what I want to order -

2005 Z4 2.5i

Toledo Blue Metallic (Exterior)

Beige leather (Interior)

Light Popular Grain Wood Trim

Black fully-auto soft-top

Power front seats

MANUAL TRANSMISSION

Wind Deflector

This is the dealer's offer:

$34,365 plus Tax 6%, New tag retail $250.00, Transfer $150.00, Dealer Fee $379.50, Lemon Law fee $2.00, Tire,Battery fee $6.50. If you Lease there is a Lease Fee of $70.49 to the State of Florida.

Questions:

1- what amount is the sales tax applied to (cap cost, lease cost, etc.)?

2- what are the residual values for 36, 39 and 48 month leases? what should money factors be, respectively?

3-TMV 'What Others are Paying' is $35,106. Is this a good deal?

Thank you!

20