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BMW Z4 Lease Questions

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Comments

  • Hello Car_man,

    Can you please give me the current lease money factor and residual value for a 29 month lease of a 2009 BMW Z4 3.0i with 12000 miles per year?

    I am negotiating a new lease on this car (Northern California) and the dealer has not been very forthcoming. Are there any current special deals that I should be aware of?

    I am meeting with the dealer to negotiate the lease tomorrow so any help would be greatly appreciated; thank you.

    -Kiran
  • Has anyone negotiated a lower buyout price than the original residual stated in the contract. When my lease is up, I'd like to buy the car, but not at the indicated residual. I've negotiated down on other makes (Honda Credit won't do it), but don't know if BMW Financial will do it.

    Thanks.
  • enkurenkur Posts: 13
    Is this deal offered by BMW of Austin. I went there looking for a deal on an Z4. I would like to get this deal if you are going to pass up on it. Can you give them my name (Abid Jindani) to Chris Markey to call me if you turn down the deal. thanks.
  • enkurenkur Posts: 13
    Here are the MF and residual my dealer quoted for 29month lease
    MF = 0.00135
    Residual = 65% for 12k/year
  • lwvlwv Posts: 46
    So you did not do the lease? Is this still available or was this last month's promotion? Anyone know if other dealers are doing similar?
  • enkurenkur Posts: 13
    I was able to get a deal at BMW of Austin which included returning my lease early with some additional equity (not sure how that exactly worked) and I was able to get the following this is for Texas

    2009 BMW Z4 3.0 Space Gray Premium Package, Premium Sound, Heated Seats.
    MSRP 54850
    - $3000 rebate
    - $1468 (trade-in-value) (there was some magic here that I dont quite fully understand. It was an Owners Choice return of my previous 3er.
    - $3100 dealer sales tax rebate (In texas entire sales tax is collected up front and usually rolled in to the lease)
    65% residual
    0.00135 MF
    29 month lease
    12000 miles/year

    $1000 out of pocket
    Final payment $678/mo for remaining 28 months.
  • Folks,

    I have the following offer from BMW for a 2009 BMW Z4 S35i with 1900 miles (demo car) on it:

    29 month lease
    OTD (including 1st month payment): $5000
    Monthly lease: $514

    I was able to bring down the purchase price of the car from $60,000 to $54,800.

    Is this a good deal? I plan on signing the contract tomorrow morning. I would really appreciate all your inputs on this.

    Thanks,
    Jag
  • Sounds a little steep to me. I just pulled the trigger on a Z4 s35i with 299 miles on 12-31-09. Deep Sea Blue, extended white leather, Premium Package, 18" wheels, DCT transmission, paddle shifters, through loading. MSRP $60,025. I wish I look at this board, but the guy in Texas seems like he had a little better offer.

    2,500 drive off (includes first month)
    29 months
    12K miles
    $571 per month

    I live in SoCal and the numbers include all taxes and fees
  • You're very welcome, mower.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Kiran. Sorry for the delay in my response. I took some time off for the holidays. Here's the new January information for the car that you're interested in.

    BMW Financial Services' current buy rate lease money factor and residual value for a 30 month lease of a 2009 Z4 3.0i with 12,000 miles per year are .00140 and 59%, respectively.

    In addition to this special money factor, BMW is providing a $3,000 cash incentive on leases of this car.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Enkur,

    I think ur deal was a little high. I was able to get a deal on 2009 Z4 3.0 in LA on 12/24/09. It was $ 1400 for drive-off (first-month, rebate sales tax, license, and CA tire fee) and $ 459.32 per month, including 9.75% sales tax. I also rolled the last 2 payments on my Mini Cooper ($ 688) and the $ 725 bank fee) into my CC. The car's MSRP was $ 50145. IMO, wtalbot had the best deal but he didn't put the trigger.
  • dman99dman99 Posts: 2
    Hey Guys,

    I live in So Cal too and was quoted this from Flawless Auto Group-
    2009 Z4 with 3.0 engine. Automatic. Sticker- $50K, down- $5000, need to pay dealer $250 plus $350 per month for 29 month lease.

    I plan to pull the trigger tomorrow. Is this a good buy? or too good to be true? Thanks.
  • Did you mean ur drive off is $ 5250? Also, $ 350 includes sales tax or not?

    Andy
  • dman99dman99 Posts: 2
    Hi Andy, $5250 is the drive off, $350 does not include sales tax. Thanks.
  • Hi dman99,

    I think you could do better. Based on carman's rate, this is what I came out roughly.

    MSRP: 50K
    CC:40K (I think you can do better than this)
    MF: 0.0014, Residual: 59% for 12K
    Depreciation: $ 350/month, Rental: $ 97.30/m, Monthly Payment=$ 447.30 before tax
    Drive-off: First month + license+bank fee+ Sales tax on Rebate (around $ 2200)

    IMO, 5K as drive-off seems too much and you always wanna save some cash in the bank.

    Andy
  • Good evening All,
    I was hoping someone may be able to help me out. I have been looking at the Mercedes SL550 but after doing some research on the Z4, thought I would look into it. I was quoted the following on a 2010 Z4 35i MSRP of $66,975:
    dealer discount: $3450
    6% CT tax: $3814
    total: $67,384

    Money down: $4000
    Monthly payment of 36 month 15K miles/year: $1041

    This seems very high to me. Are there any incentives or special lease rates on the 2010 model with the 2011 model coming out? I am also a USAA member. What is the residual and money factor on this lease? With this monthly payment I could pay about $200 more per month and buy the $109K SL550. Something just doesn't add up. Please help!
  • erdoranerdoran Posts: 62
    What most of you posters are missing is that the drive-off is part of your lease payment! For example, which is the better deal on a 24 month lease:

    1. $500/month and 0 down payment (let's ignore taxes, etc. for now)
    2. $300/month with $5000 downpayment

    #1 is a better deal, guys....it works out to $8/month difference on payments (that nice low $300/mo payment is really $508/mo when you factor in the down payment aka CCC, cap cost reduction). But...let's say you drive off the lot and into a tree and you total your new Z4. That $5000 has just evaporated! BMWFS gets paid for their car, you don't owe them anything, but you are $5000 poorer.

    OTOH, for deal #1, when you drive into that tree your gap insurance takes over, also pays BMWFS off, and you walk back into the dealership to lease another Z4, which you promise to drive more carefully :>

    Seriously, you need to calculate what that cap cost reduction aka down payment comes out to per month, add that to your lease payment, and then you can compare.

    I've also seen posts on here where people don't even put the price of the car! In order to properly evaluate ANY deal, whether buy or lease, you have to include that figure! The monthly payment is almost irrelevant! Here's the required info - and if you don't understand how to use it, then you need to stop, read some articles about what these numbers mean & how to use them, before you overpay--because you WILL overpay otherwise!

    Buy: Final price for car, additional "nuisance fees" (e.g. doc prep fee, detail fee, etc), tax, title, license, and anything the dealership is going to try to add on! What is the total price?
    If financing, length of finance term, interest rate, down payment (if any).

    Lease: as above other than "if financing", PLUS residual, money factor, length of lease, lease mileage/year, cap cost reduction (should always be zero unless doing a very small one to take advance of multiple security deposit MF buydowns and lower the up front slightly--if you don't understand this then google for "MSD BMW lease multiple security deposits"), and finally (least important, believe it or not!) monthly payments!

    Car dealers just LOVE the "payment buyer" who doesn't know what the car costs or what junk fees are being added on. So how can you get ripped off if you have a low payment? Well, the amount of down payment required to get those low payments (add it in, the payments won't be so low!), perhaps the loan term, or perhaps an unrealistically low lease annual mileage.
  • Hi coastie17. I realize that this is a sixty-something thousand dollar car, but a thousand dollars per month with four grand down for a Z4 is absolutely nuts. There's no way that I would lease one for anywhere near that.

    Here's the information on BMW's current lease program that you requested. BMW Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2010 Z4 35i with 15,000 miles per year are .00190 and 53%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi. I have a question, I leased a BMW Z4 3.5 two months ago from AutoModaDVR.com & would like to know if it was a good deal? MSRP on the car was little more than $66,000(fully loaded) It was a factory demo,this guys always have demo models which I think cheaper than brand new ones. Total drive off was $2500 & my payments are $545 including tax for LA. It's a 29 month lease with 12k a year.
    Oh I almost forgot, I had to pay AutoModa consultation fee of $660 dollars for getting this deal for me, so there charge was 1% of the MSRP.
    Reason why I want to know it was a good deal or not, I am thinking to get another vehicle from them. Please advise.
  • erdoranerdoran Posts: 62
    Are the base rates for 2011 available yet? I'm interested in either a 24 or 36 month, 12k mile lease on 30i or 35i, what I end up with depends on MF & residual--looking for the "sweet spot"! Please post if you have 'em! thanks
  • Yes, erdoran, BMW has published a lease program for its new 2011 models. Unfortunately, BMW is not yet providing any sport of lease support on 2011 Z4s. As a result, if you were to lease one through BMW Financial Services right now, you would have to use its standard lease money factor. If you really want to lease, you will probably better off going with a 2010 model.

    BMW FS' standard money factors vary by region. Its standard buy rate in your area is probably anywhere from .00230 to .00260. BMW FS' 12,000 mile per year residual values for the vehicles that you mentioned are as follows:

    62% for a 24 month and 56% for a 36 month lease of a '11 Z4 30i.

    60% for a 24 month and 54% for a 36 month lease of a '11 Z4 35i.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • pellynhpellynh Posts: 12
    Wondering if anyone had the April MF and Residuals for the following:

    36mo/ 15k

    2011 Z4 30i
    2011 Z4 35i

    Also, are you still able to lease 2010's?

    If so, can you provide 2010 numbers as well?

    Thanks in advance!
  • Here you go, pellynh. BMW is not providing lease support on 2011 Z4s yet. As a result, if you were to lease one through BMW Financial Services, you will have to use its standard lease money factors. BMW FS' buy rate standard factors vary by region, but they should be anywhere from .00250 to .00280 or so.

    BMW FS' April residual value for a 36 month lease of a 2011 Z4 30i with 15,000 miles per year are 54%. The residual value for an otherwise identical lease of a '11 Z4 35i is 52%.

    You absolutely can still lease a 2010 Z4. BMW FS' April buy rate lease money factor and residual value for a 36 month lease of a 2010 Z4 30i with 15,000 miles per year are .00180 and 51%, respectively. The numbers for an otherwise identical lease of '10 Z4 35i are .00165 and 49%.

    BMW is currently providing a $2,500 cash incentive on leases of the 2010 Z4, but nothing on leases of the 2011 model.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • z4maudiomanz4maudioman Posts: 112
    Hey Car_man

    Could you please post the lease numbers for a 2010 z4 sdrive35i? Looking at 36 months/15K year. Also, what rebates/incentives are they offering currently? Any BMW loyalty discount on the money factors for this vehicle? Thanks so much for your help.
  • Hey z4maudioman. BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2010 Z4 35i with 15,000 miles per year are .00165 and 46%, respectively for consumers who qualify for its top credit tiers.

    I don't believe that there is any loyalty incentives on this model right now, but BMW is providing $2,750 dealer cash on it which can be used in conjunction with the aforementioned special lease program.

    Car_man
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  • ccdbbccdbb Posts: 18
    My Z4 lease is due at the end of this month. I am still interested in leasing a 2010 Z4 30i. Could you please let me know the money factor and residual for a 36 term lease? Is the money factor for 35i the same or different?

    Thanks.
    ccdbb
  • Greetings ccdbb. Through September 30th, BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2010 Z4 30i with 15,000 miles per year are .00170 and 54%, respectively for consumers who qualify for its top credit tiers.

    The numbers for the 35i are .00170 and 52%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hey ccdbb. BMW just made an enhancement to its program on the Z4 yesterday. This enhancement was on the 2011 model though. It pulled the plug pon its lease support for the 2010 model. So the '11 is definitely the way that I would go if I was leasing.

    BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2011 Z4 30i with 15,000 miles per year are .00120 and 58%, respectively for consumers who qualify for its top credit tiers.

    This is a huge improvement over the old program because it slashes around $100/month off of the typical lease payment for this model.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • How can I find out BMW FS / BMW NA money factors and residual values for other mileages? I'm shopping for a new Z4 3.5i but have only put about 6,500 miles per year on my old one. Since I've had it for 6 1/2 years and put 42,000 miles on it, I think it's very safe to presume I won't go over 8,000 miles per year. Paying for 12,000/year would be ridiculous for me.

    Is there some resource where these values can be looked up, or are they "secret?"
  • skobolaskobola Miami, FLPosts: 207
    BMW FS residuals are always quoted for 15k miles per year, and 12k miles is 2% higher and 10k is 3% higher than residual for 15k. I believe that BMW FS sets the MF as it wishes or feels that they can go with it. However, when they overdo them, then you have additional incentives in order to improve sales.
  • Hey Car Man,

    There are a few dealers here in the DC area with 2010 Z4 30i's left, any clue the lease details MF and residuals on 10,000 miles a year?

    Thanks,
    JC
  • Hi jcarl. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 Z3 3.0i with 10,000 miles per year are an unattractive .00230 and 40%, respectively for consumers who qualify for its top credit tiers.

    If you really want to lease, you will probably be better off going with a 2011 model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man,

    Can you give me BMW Financial Services Nov money factor and residual value for a 36 month lease of 2011 Z4 3.0i with 10k miles per year? Thanks in advance!
  • Hi ttyl123. According to the latest information that I have seen, BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 Z4 3.0i with 10,000 miles per year are .00120 and 59%, respectively for consumers who qualify for its top credit tiers.

    When negotiating your lease on this car, make sure to take advantage of the $1,500 cash incentive that is currently available on leases of it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • atebitatebit Posts: 1
    edited January 2011
    It looks like the Holiday Cash promotion is over now? What's BMW's current deal?
  • You are correct atebit. BMW's holiday cash is gone. This month BMW is providing special, lower money factors for loyal customers, but no cash on the 2011 Z4.

    BMW Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2011 Z4 3.0i with 10,000 miles per year are .00100 and 61%, respectively for consumers who qualify for its top credit tiers.

    This money factor drops to .00070 for loyal customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • gla4gla4 Posts: 3
    Hello guys, I’m trying to get my Z4 and a really need some help here, is my first car in the states so I could use a lot of help; here is the deal:
    2011 Z4 sDrive 3.0
    Deep Sea Blue Metallic
    Black Leatherette
    Silver Matte Trim
    Ipod and USB Connector

    MSRP of $48,325
    Sale price of $45,370
    Up front $ 1,238
    36 Month Residual $28,995.00 (60%)
    Money factor .00115
    12k Miles/yr
    All payments are based on 7% Dekalb County Sales Tax, include dealer admin fee of $599.00, Tag, Title and Georgia Lemon Law fees $42.00 and Lease acquisition fee of $725.00.
    Monthly of $ 600, it is fair? I smell something fishy…
  • Hi Car_man,

    Do you know what are money factor and residual for 2011 Z4 3.0i?
    I'm looking for 36month lease @ 12K per year.

    The car have MSRP of $50950 and price talked last with the dealer is $46250.
    With $0 Down, we are at $602/month.

    What do you think about this deal? by the way, I live in TX, so the sales tax of the total vehicle is rolled in to the lease.

    Thanks!
  • I certainly do midnightfang. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2011 Z4 3.0i with 12,000 miles per year are .00100 and 60%, respectively.

    This car's money factor drops to .00070 for loyal customers.

    When negotiating your lease on this car, make sure to take advantage of the $1,500 dealer cash that is currently available on it. If I was in the market for this car right now, I personally would shoot for a selling price of $500 to $1,000 over invoice minus the cash.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • bimmerfan8bimmerfan8 Posts: 2
    Hi Car_man,

    I am intrigued by the bmw advertised lease this month for the Z4 3.0 @ $399/24mo $2275down. Do you know what the MF and residual is for this lease? Because the car is selling at or close to invoice, can/should I do better than this (assuming the lease figures are advertised base on sticker)?

    Thanks!
  • Hi bimmerfan8. I am familiar with the deal that you mentioned. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2011 Z4 3.0 with 10,000 miles per year are .00150 and an astonishing 80%, respectively for consumers who qualify for its top credit tiers.

    I suspect that you will indeed be able to negotiate a lower selling price than the one that was used to arrive at this car's advertised payment, which in turn would lower your car's payment assuming everything else stays the same.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • uksamuksam Posts: 1
    Hi Car Man,

    I am on the verge of getting a BMW Z4 S35i based on their seemingly outstanding lease offer of $439/month for a 24 Month/12,000 mile lease. I am planning on special-ordering this car with options around $2k over MSRP. Giving a total MSRP of around $59k. The lease offer is based on an MSRP of approx $57k. She informed me that every $1k in options will cost $48 more per month in lease cost.

    This doesnt seem right to me? If calculated using total MSRP, the money factor and residual, shouldnt the additional cost for options be much less?

    Also, do you know if this offer will last past end of may?

    Thanks so much
  • kyfdxkyfdx Posts: 137,195
    That's wrong.... $1000 less down (or higher cap cost) on the same vehicle would be around $45-$48/mo. more....

    But, with a higher MSRP, you also get a higher residual And the residual for the Z435i is an incredible 79%....

    So, even if you are paying full MSRP for the $2000 in options, the added depreciation is only $420 ($2000 X .21), divided by 24 months = $17.50/mo.. Add another $6.80/mo. for finance charge, and thats around $24/mo. + tax... If your price only increases $1800 for the $2K in options, knock $7.50/mo. off that...

    One caveat.. if you are adding non-residualized accessories, then those will be very pricy on a 24 mo. lease.... as, you'll pay the full amount over the 24 months.. (just don't do it).

    regards,
    kyfdx

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • franky89franky89 Posts: 1
    Looking to lease a BMW Z4 30i Roadster. Current special is $399 + tax per month with $3,374 down, including first months payment. I was wondering how long it takes to order and receive the car cause the dealer only has one on the lot. Also is there any cash back for this month?
  • dantmdantm Posts: 15
    This brings back memories...in 2006 I leased a base Z4 for an unbelievable rate...I remember the 24 month money factor was 0.00041 (0.98% interest rate) and the residual percentage was 72%. On a 37.3K car (negotiated to 33K with the dealer) the payments were $281/month...

    I don't think this has ever happened since, has it?
  • geoge1geoge1 Posts: 2
    frabky 89 - i was told about three weeks... how did you do?
  • geoge1geoge1 Posts: 2
    now am told that nothing can be ordered - waiting for 2012 - 399 offer wont be available... there is some availability around other dealers - just have to find the right one - the lease is quoted for msrp of 52,300 so payments may go up or down based on the msrp of the actual car
  • Kirstie_HKirstie_H Posts: 11,077
    A reporter is interested in talking with roadster fans who would like or dislike the idea of a smaller engine in the new BMW Z4. If you care to share your comments, please send an email, including your daytime contact info, to [email protected] no later than 5:00pm Pacific on Friday, August 12, 2011.

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  • Hi everyone,

    I am being offered the following lease deal:

    2011 bmw Z4 3.0
    A75 Melbourne Red Metallic 550.00
    Upholstery LYSY Walnut Kansas Leather 1,250.00
    ZMP M Sport Package 3,900.00
    1CD Brake Energy Regeneration N/C
    2TB Sport automatic transmission N/C
    322 Comfort Access keyless entry 500.00
    494 Heated front seats 500.00
    639 BMW Assist with Bluetooth 750.00
    6AA BMW TeleServices N/C
    6AB TeleService Control N/C
    6VC Combox controller N/C
    Net Total 54,900.00
    Destination Charge 875.00
    Gas Guzzler Tax N/C
    Total Suggested Price 55,775.00

    The deal is as follows:
    Sales Price $52,915
    Acq fee $725
    DMV 444
    Tire fee 8.75
    Cap reduction 600
    Rebate 1000 loyalty
    Rate .00111
    80% res
    Customer cash total 4834.75 (includes $3150 MSDS)

    Payment 448.74 including tax

    I didn't get the $1000 drive for team USA (was too late) and this is $1000 over invoice. What do you guys think? Go for it or keep fingers crossed for 2012 similar deal?

    Thanks for your input!
  • kyfdxkyfdx Posts: 137,195
    edited August 2011
    You are a guy after my own heart... You really know the ins and outs of a BMW lease...

    There is about $4300-$4400 spread between MSRP and invoice, but when you add in the training fee and MACO, the spread is $3700-$3800.. Your discount is $2860. If there is any room there, that's the spot. If the stars aligned, you might get them to cut the price by another $500.

    However, about 95% of the time, a BMW dealer will mark up the money factor and acquistion fee the maximum allowed.. Many dealers just won't write a lease at the base rate. As I'm sure you know, your deal is at the base rate..

    There is some pressure on the dealer. He doesn't know if BMW will continue this lease deal for another month (it's been 4 months already), and if they don't, they'll probably put $5K trunk money on the car, and kill the lease deals. Believe me, the dealer knows that it's a lot easier to lease a car for $500/month, than sell it for $47K.. That said, there is probably a 99% chance that this is as good as you are going to get.

    I love the MSDs, and that you made the $600 Cap reduction to get under $450 (saving you from making another $350 in security deposits). Taking the $1000 bonus, instead of the .0003 MF reduction was another good move. You really did your homework.

    I would jump on it.

    regards,
    kyfdx

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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