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BMW Z4 Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,518
Hi everyone. Please use the following discussion to post any questions that you have about leasing a BMW Z4. Thanks.

Car_man
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Comments

  • Any word on the September incentives and lease numbers on the '05 Z4?

    Roxy
  • Hi Carman:

    I 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.

    :)
  • Hi foxyroxy. 24 months is definitely the way to go if you want to lease a 2005 BMW Z4 this month. BMW's lease money factor for 2 year leases is half of its factors for other terms. If you were to lease a 2005 BMW Z4 3.0 or 2.5 (their programs are the same) through BMW Financial Services right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00100 and 65%, respectively. The factor for an otherwise identical lease with only 10,000 miles per year would be the same, but its residual value would be 1% higher.

    Car_man
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  • Dear Carman:

    Thanks a million! I really appreciate your help. :)
  • Hello...can you provide the residual and money factor on a 4-year lease of an 05 Z4 3.0, driving 12K miles per year? Many thanks!
  • Hi, Car_Man,

    Are 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.
  • vsaxenavsaxena Posts: 201
    The Z4 and the X3 have great 24 month lease rates. I think you can lease a Z4 3.0 which stickers at $47K for around $450/pm (no cap cost reduction) for a 24 month/10KM/yr lease if you negotiate well ($1000 dealer profit). There are no special rates for 2006 3/5 series

    2005
    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
  • You don't want to lease a Z4 for 48 months... All of the lease support is on the 24 month and 36 month leases... It would cost much more per month to go with a 48 month term...

    Z4 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
    Host-Prices Paid Forums

    Moderator - Prices Paid, Lease Questions, SUVs

  • I need help here figuring out how much a lease payment should be. Assuming that I negotiate the price of my Z4 with options down to $37000 for the car.

    then 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!
  • You are missing one variable in the calculation.. What is the MSRP of the car in question?

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • The MSRP is $41095. Assuming I get the price down to $37000. Then 0 down 36 months and 15k miles per year....what should the payment be?

    Thanks
  • $528/mo. + tax..

    Due 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

    Moderator - Prices Paid, Lease Questions, SUVs

  • You're very welcome foxyroxy.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Thanks for the help vsaxena. You're right, 24 months is definitely the way to go if one was to lease a 2005 BMW Z4 this month. One minor correction to your post though, BMW FS' buy rate is only .00200 for leases up to 42 months, not .00280.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Hi CarMan & kyfdx,

    I 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:
  • "buy rate" and "base rate" are the same thing...

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

    Moderator - Prices Paid, Lease Questions, SUVs

  • Dear kyfdx:

    I 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!

    :D
  • foxyroxy.... You are very welcome!!

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • Hi All

    I 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!
  • As a continuation of my last message, I received a competing quote for a similar Z4 from Newsome Imports of Florence, SC. Details:
    - 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
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