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BMW Z4 Lease Questions

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  • I meant to say the total initial payment is $855.52
  • Carman,

    There is a new 3.0si Lease Program posted on BMW's website for a 39 month,10k per year lease. Can you post the residual value and money factor for this lease?

    TIA.
  • Actually, this was finalized on October 31st, 2006.
    So, dealer still made $1200 from the deal when he pretended like he was losing money on this deal.
    I just wanted to know if I paid too much or not. Thank you very much Carman!
  • Hi tnoxid. This car's lease payment will depend upon what sort of selling price you are able to negotiate on it. The full MSRP of the car that you described, a 2007 Z4 3.0 roadster with the Sport Pkg., Navigation, and a manual transmission, is $39,895. For now I will assume that you will be able to negotiate a $2,000 discount on this car. Let me know if you want me to assume a different selling price. According to my calculations, if you were to lease this car through BMW Financial Services right now for 36 months, with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $450. I personally always advise consumers against making down payments on leases. Those who do, risk losing them if their vehicle is totaled in an accident or stolen and never recovered. If you were to make a $2,500 capitalized cost reduction on this car, its monthly payment would drop to around $376.

    Car_man
    Host
    Prices Paid Forum
  • Wow, you're in Hawaii, rogerthomas. I don't think that I want to help you, I was outside shoveling snow yesterday ;) . Of course I'll help. You can lease the Z4 that you are interested in for 24, 36, 39, or 42 months and still take advantage of BMW Financial Services' special lease program. Generally speaking, the shorter your lease is, the higher your lease payment will be.

    I see your point about not wanting heated seats :) . Unfortunately, it doesn't really matter whether you want an option that the vehicle you are considering has, the dealer has to pay for it either way. You can try to use the fact that you don't want a particular option to your advantage during negotiations, but I don't think that it will really make a difference.

    Unfortunately, the lack of competition in Hawaii does not help your bargaining position any. That's the price that you have to pay for living in paradise :) . What are the selling price and MSRP of the Z4 that you are interested in? these numbers will show me how much of a discount you are being given on it and they will enable me to use BMW's actual lease program to estimate what your payment should be. Let me know and I'll tell you what I think.

    Car_man
    Host
    Prices Paid Forum
  • Here's the information that you're looking for, anijhaw. BMW Financial Services' February buy rate lease money factor and residual value for a 39 month lease of a 2007 Z4 3.0i roadster with 10,000 miles per year are .00150 and 66%, respectively. Let me know if you have any other questions.

    Car_man
    Host
    Prices Paid Forum
  • Ahhh, this lease was done in October, holoduke. BMW's lease program was different back them than it is now. I don't recall exactly what it was like back then, but it is possible that it was not as attractive as it is right now.

    Car_man
    Host
    Prices Paid Forum
  • Where do you get these info ?

    Thanks,
  • Carman, thank you.

    Does this also apply to the Z4 3.0si coupe? If not, can you post the residual and lease factor for a similar term lease for the Z4 coupe?

    TIA.
  • Hi Car_man,

    I have never leased a vehicle before and don’t know the first thing about it so I am turning to you for some expertise. Your knowledge in answering my questions and any guidance you can add will be greatly appreciated.

    I would like to lease a 2007 BMW Z4 Roadster 3.0i with 12,ooo miles per year and an automatic transmission, metallic paint, leather seats, power seats, power top, having a MSRP of $41,740.00. Based on the information I can find, the dealer stands to make about $3,300.00 on the vehicle. Is that accurate? Are they paid a “holdback” or type of reimbursed for selling the car in addition to this?

    BMW is currently running a lease promotion, $2,500 down, 39 months, blah, blah, blah. I have read your previous remarks and would prefer not to risk putting any money down, but I’m not sure you can do that with this particular lease deal. Wiuld that be a factor in getting this deal?

    I can usually negotiate a very good deal for something like a Jeep or Pontiac (a couple of hundred over Dealer Invoice), but having never bought a BMW so I’m not certain they‘ll go that low. What kind of reduction can I expect to get on this car, and based on what you think is a realistic negotiated sales price, what would my payments be on a 24, 36 and 39 month lease with no money down?

    Thank you in advance for your time.

    Maggie16
  • Seems there are a few of these vehicles still around on dealer lots and the 07s are selling close to invoice.
  • Just agreed to a new 2007 3.0si Roadster with Silver Metallic Paint, Sports Pckge, Premium Pckge, Heated Seats, and Zenon Lights (MSRP 48,620) for $457 per month including sales tax, $2900 due at signing including sec deposit and first month.

    Residual on 39 month 10k per year lease is 66% and money factor was 0.00125.
  • Hey anijhaw. BMW FS' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW Z4 Coupe 3.0si with 10,000 miles per year are .00125 and 55%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • jbooms8jbooms8 Posts: 1
    I'm looking to lease an '07 and I was quoted $569 a month with no money down for the premium package 3.0i. I feel after reading a lot of the posts this guy is giving me the run around. How do I get to him and tell him he needs to come down on his price and let him know I know he's making X amount of dollars on the deal and he needs to give me some off the price? Realistically what should I pay for a deal of this nature?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jbooms8. The best way to get a good deal on this car is to shop around. Take a look in the following discussion to get an idea of what sort of price you should pay for the Z4 that you're interested in: "BMW Z4: Prices Paid & Buying Experience". Once you have determined what a good price is for the car that you want, comparison shop with a few dealers and make them firm offers on Z4s that they have in inventory. If no dealer is willing to accept your offer, you may have to come up on your target price a little bit.

    Car_man
    Host
    Prices Paid Forum
  • taff67taff67 Posts: 1
    Hello,
    Found a leftover 06 si with an original MSRP of 48K. I am new to leasing, and would like to know what kind of deal I could expect to get on this vehicle? Zero down, 36mo and a lease less that 10K mi a year.
    Thanks for your help!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I'm here taff67. Unfortunately, BMW Financial Services is no longer leasing 2006 models. If you want to lease this car, you will have to do so through an independent bank...if you can still find one that is leasing 2006 BMWs. If you really want to lease, you would probably be better off leasing a 2007 Z4 at this point. I would be happy to estimate what sort of lease payment you would have to pay on a 2007 Z4 if you provide me with the MSRP and approximate selling price of the model that you would want.

    Car_man
    Host
    Prices Paid Forum
  • delferdelfer Posts: 29
    HI Carman!

    Is it fair to assume that the 2007 lease prices and deals will look similar to what you have quoted in 2006 for user tnoxid? Reason I ask is I'm pretty much looking to lease exactly the same car he specified as follows:

    Hi Car Man,

    I'm looking at leasing a 2007 Z4 3.0 Convertible, with the following spec / terms:

    Premium
    Sport
    Sat Nav
    15K MPA
    36 Months
    Down Payment $2.5K

    I live in S. FL. and I have excellent credit. Although I don't have an actual quote at this time, is it possible to give me an estimate of what a monthly payment might look like on a lease similar to the one I describe above?

    Thanks in advance.

    Hi tnoxid. This car's lease payment will depend upon what sort of selling price you are able to negotiate on it. The full MSRP of the car that you described, a 2007 Z4 3.0 roadster with the Sport Pkg., Navigation, and a manual transmission, is $39,895. For now I will assume that you will be able to negotiate a $2,000 discount on this car. Let me know if you want me to assume a different selling price. According to my calculations, if you were to lease this car through BMW Financial Services right now for 36 months, with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $450. I personally always advise consumers against making down payments on leases. Those who do, risk losing them if their vehicle is totaled in an accident or stolen and never recovered. If you were to make a $2,500 capitalized cost reduction on this car, its monthly payment would drop to around $376.
  • delferdelfer Posts: 29
    Hey again CarMan and Will! How are you both? At last, I have fallen in love with the car I wanted, and got a quote from the dealer. I went back to Edmunds to price it out with my preferred options, and interestingly enough, my dealer’s selling price is just about $1,000 above Edmunds’ invoice price.

    Here are my car’s specs:
    BMW Z4 3.0si in Jet Black and Red upholstery (no extra $$ for paint)
    Auto trans
    Premium package
    Sports package
    Heated Front seats
    Xenon headlights
    Navigation

    He quoted me $48,530, and Edmunds’ TMV for the same specs is at $47,320 – a $1,210 difference!

    That said, here are my questions:

    1. What should I negotiate down to, for this car?
    2. For BMW’s April numbers, what should I expect my monthly payment to be for a 36 month, 15K miles a year lease?

    Thanks for all your help!
  • esfoadesfoad Posts: 210
    Just signed a lease for an '07 3.0Si roadster. Metallic Green with saddle extended leather, nav, premium, xenons, heated seats, automatic trans,and Wind Deflector w/Removable Centerpiece. 10K miles per year, 36 month lease, $0 down, $553 per month. They are also giving me $629 for my last payment on my current vehicle. This right off the initial payment (1st month, sec deposit, doc fee, lic/title). Sound OK?
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