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BMW Z4 Prices Paid and Buying Experience
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Comments
Hope you can help me with this quote:
VIN: LX02596 STOCK#: LICENSE: ODOMETER:
VEHICLE: 2007 BMW Z4 Roadster 3.0si COLOR: Silver Gray UPHOLSTERY: Black Leather
*I Pod adapter is separate install- have to check on price
Index Description MSRP
Base Price $42,400.00
0205 STEPTRONIC Automatic Transmission 1,275.00
0ZPP Premium Package 2,750.00
0ZSP Sports Package 1,200.00
0438 Dark Poplar High Gloss Wood Trim 0.00
0494 Heated Front Seats 500.00
0522 Xenon Adaptive Headlights 700.00
0609 Navigation System 1,800.00
Metallic Paint 475.00
Destination Discount - Pre 3/2007 Inventory -80.00
Premium Package Discount -100.00
Destination and Handling 775.00
TOTAL AS EQUIPPED $51,695.00
SELLING PRICE $48,640.00
Your New Vehicle
Selling Price $48,640.00
Term 36 Months
Mileage 12,000 /year
Residual Value $33,601.75
Cash Due at Signing
Cash on Delivery $1,602.38
Your Trade-In
Vehicle
Odometer
VIN
Notes
Future Payments
Monthly Payment $523.71
Tax (8.25%) $43.21
Total Mo. Payment $566.92
Where can I get some more $$ off with this? Thank you in advance for your help!
$567 1st payment
$600 Security deposit
$435 more? Get a breakdown, and make sure there is no fluff there.
Looks like they are adding $825 to the selling price for the acquisition fee. That is marked up $200. Other than that, it looks like the base money factor, and $3000 off MSRP.
Unless there is some factory to dealer cash (none that I know of), this looks like a pretty good deal. The lease program from BMWFS is pretty strong.
Maybe you can get them to throw in that iPod adapter?
regards,
kyfdx
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BMW 2007 3.0SI
Base Price $42,400.00
0205 STEPTRONIC Automatic Transmission 1,275.00
0ZPP Premium Package 2,750.00
0ZSP Sports Package 1,200.00
0494 Heated Front Seats 500.00
0522 Xenon Adaptive Headlights 700.00
0609 Navigation System 1,800.00
Destination and Handling 775.00
TOTAL AS EQUIPPED $51,400.00
SELLING PRICE $48,380.00
Term 36 Months
Mileage 12,000 /year
Residual Value $33,410.00
Cash on Delivery $1,010.25
Monthly Payment $533.76
Tax (8.25%) $44.03
Total Mo. Payment $577.79
Here are the specific questions I plan to ask the dealer:
1. What is the breakdown of cash on delivery?
2. What is the residual factor and money factor for this quote?
3. Will you accept a $500 over invoice offer or $47,820 versus $48,380?
My questions to you kyfdx, are:
1. For this car this month, can I do better than $500 over invoice? Is it even possible to get the car from under invoice as "fightingchance.com" claims, if I wait until the end of the month?
2. If my offer of $48,380 is accepted, how should that break down as far as:
a. Amount due at signing
b. Monthly payments
3. What should the residual and money factor be?
Thank you for your quick response. I am looking to close this deal in the next few days, if possible.
2) I assume you meant that if your lower offer is accepted, how much will it change the payments? $560 lower selling price will drop the payment around $17/mo. That won't affect the due at signing by much.
3) According to the quotes you were given, the base MF is .0010 and the residual for 3yr/36K is 65%, which is what I show for April. They are likely the same numbers for May.
On your last quote, they dropped the security deposit, but added the sec.deposit waiver to the MF, raising it to .00115
This is why the payment is higher. Make sure you make a security deposit, and get the lower money factor.
You have a decent deal on the table..
regards,
kyfdx
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I'm thinking of purchasing a Z-4,I have been told a few stories that if you get a flat the tire cannot be repaired and the rim may be damaged. The cost to replace the rim and tire could be over $700.00. The ride is stiff. The majority of people do not like run flats. The manufactures are not listening to customers. Has any one had similar experiences with these tires? Thanks JOE :confuse:
The PS2s are much more responsive, have much better grip, and provide a much more comfortable ride, so it's win-win.
the dealer tells me the last quote was $500 over invoice, and that the $560 difference between invoice ($47,820) and his quote of $48,380 is the MACO fee. I asked for a detailed breakdown -- sec deposit, cap cost, money factor, residual, etc, just so I could rest assured every dollar was accounted for. Any other things I should ask to cover all bases?
Lastly, are there any incentives at all with BMW on this car for the month that you know of? From the research I've been doing, $500 over invoice on this car does sound like a more than decent deal.
Thanks for the insight! I hope CarMan and WRobbins can chime in as well!
Also, any opinions on why there are so many 2006 cars left? Overpriced to start with? Gas mileage?
Thanks!
Seekup
I can get you this car by end of May. Here is the exact lease structure sales price is $500 over invoice.
Model 0729 Z4 R 3.0si USD 42,400.00
Color 668 Jet Black N/C
Upholstery LASW Black Leather N/C
Options ZPP Premium Package 2,750.00
399 Fully automatic soft top N/C
430 Auto-dimming mirrors N/C
459 Power front seats N/C
493 Storage package N/C
639 BMW Assist N/C
ZSP Sport Package 1,200.00
224 Sport driving mode N/C
350 18" wheels w/performance tires N/C
704 Sport suspension N/C
205 STEPTRONIC automatic trans. 1,275.00
438 Wood trim N/C
494 Heated front seats 500.00
522 Xenon headlights 700.00
609 Navigation system 1,800.00
Net Total 50,625.00
DESTINATION CHARGE 775.00
GAS GUZZLER N/C
Total Suggested Price 51,400.00
Selling price $48,380
According to edmunds, 51,400 is MSRP but $47,320 is invoice, so if I'm not mistaken, $47,820 is $500 over invoice.
Where is his $560 coming from???
MACO and training fee..
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36 months, 15K miles, and 36 months 12K miles?
This is with zero down, and about $1500++ in drive-offs.
Thanks!
Due at signing would be 1st payment, security deposit and title/registration fees (approx. $1200 + title/registration).
3yr/36K would drop the payment to $516/mo.+ tax.
Hope that helps,
kyfdx
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1. Are you familiar with the DVD based navi on the Z4? The dealer tells me it is not real-time traffic like on the new 3-series, so I wonder if it is still worth it.
2. Is BMW a bit more lenient in overused miles, if the plan is one leases with them at the end of lease term? Or is isafer to just make the higher payment for 15K miles per year?
Thank you so much for all the help!
2) Lenient? No.. you'll have to pay for them.. At this time, BMWFS allows you to purchase extra miles at $0.16/ea., up until 6 months before lease end.. I think your break-even point would be around 14,000 miles per year.. If you think you'll drive that much or more, or you just can't handle unscheduled financial payments, you should probably go for the 15K lease. If you think you'll be driving somewhere between 12K-13.5K miles/year, then just buy the miles during the last year of the lease.
I've found that we drive our convertible less than the sedan it replaced... I'd think a 2-seat convertible might get even less use. So, you'll probably drive it less than whatever it is replacing.
regards,
kyfdx
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My name is Joe. I'm considering a Z-4. When you bought your michelin Pilot Sports for your vehicle, did you purchase a compact spare with the rim and a jack. I tried communicating with several BMW dealerships in my area and BMW USA. They stated if I put regular tires on the Z-4, I could damage the suspension and also possibly void the warranty. I think they are just blowing smoke. If you did purchase a spare what size rim,tire and type of jack.
If you care to reply my E-mail jlettie@comcast.net. thanks.
MSRP $44,470
Selling Price $42,825
Acquisition fee $625
Total upfront fees: $418.95
LEV %: 66%
Term: 36 mos.
Money factor: .0018
Due at Start: $990.12
Monthly payment: $558.60
Should I wait longer? When do 2008's come out? I was told that this deal was only good through July 2.
Thanks again for the help.
1) The price is not the great.. From what I've read, another $500-$1000 off shouldn't be too hard to get.
2) The money factor is marked up the maximum .0004 and since you aren't making a security deposit, you are getting another bump of .00015.. This takes the money factor from .00125 to .0018
Just dropping the mark-up on the money factor will knock $30/mo. off the payment. Making a security deposit will save another $12/mo. off.. If you do those two things, your payment is down to $517/mo..
That would be a decent deal... a little more off the selling price, and we're under $510/mo.. That is where I would want to be..
regards,
kyfdx
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I am currently trying to lease a 2007 Z4 coupe with the following features:
premium package, sport package, automatic, and heated seat
The invoice price for that would be $42,845 while the MSRP price would be $46,500.
My quesion is when I'm going to bargain with the dealer (I'm located in San Diego), what should I set my bottom line (price over invoice) to be according to your extensive experience? Is $500-$1000 over invoice would be possible on leasing a Z4?
Also, there's a speical lease offer going on for the Z4 Roadster now and the montly payment turns out to be almost $100 cheaper than the Coupe even though the Roadster is $3000 more expensive.I know the residual value would make a difference; howoever is it gonna make that big difference (assume all the features are the same on both car)?
Thanks for your help and it is very appreciated
Since you have mentioned about San Diego in your previous post, so it seems like you are also located in California.
I am wondering which dealer are you trying to lease the Z4 convertible from because it looks like you got an awesome deal from them ($500 over invoice)?
Your help would be very appreciated
Regards,
Patrick
Could someone kindly review the following lease quote provided by California dealer. Please let me know if the following is a fair deal or if I should further negotiate. Thank you
36 Month /15K - Term of lease:
-Vehicle MSRP $48,800
-Selling Price $46,460
-Bank acquisition fee & dealer documentation fee $825 & $45
-Capitalized Cost (sum of purchase price and fees) $46,460
-Residual Value 63% of msrp
-Money Factor (money factor of .00115 was used because the security deposit was waived)
36 month lease
$2,470 drive off (includes $600 security deposit)
$513 plus tax = $556 month (15k miles/year)
2007 BMW Z4 3.0si Roadster
Titanium silver metallic
Black leather
Black soft top
6-speed manual transmission
Premium package
Sport package
Heated seats
Xenon headlights
2) If I assume you made a deposit, and the MF is .0010, then the payment comes out to $513/mo.+tax, just like you have it.
3) Due at signing:
$556 1st pymt
$600 security
$825 acq.fee
$ 45 Doc fee
-----
$2026 Total.. The other $454? Title/registration?
The deal looks just okay.. They are marking up the acquisition fee by $200. Assuming they are using the base MF (and it looks like it), that is good. You definitely want to make a security deposit and get the base MF of .0010. I'd want a bigger discount on the selling price. Maybe enough to cover the acquisition fee?
I'd be happy with the monthly payment, if I could get the due-at-signing amount knocked down to about $1600, including the $600 security deposit.
Regards,
kyfdx
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2006 Z4 3.0si
Black sapphire metallic
Dream red interior
3300 miles
Premium package
Sport package
M Sport seats
Heated seats
Hard top prep
Xenons
Certified
Original warranty good to December 2010
Extend warranty good to December 2012 (what is this worth if one were to buy it separately?)
Dealer's price on the sticker is $39,795. The car was put into service in December of 2006, and the dealer picked it up at auction about 2 weeks ago. Thanks for the advice.
2007 BMW Z4 3.0si (brand new)
Titanium Silver
Black Interior
Premium Package
Sport Package
Xenon Headlights
Heated Seats
The MSRP on the car is $48,800. The dealer invoice is $45,380. There is a current $6,500 factory to dealer incentive on these cars, so, my final sales price is $40,980, plus I got him to throw in the windscreen (retail value of $215). Did I do OK?
$48,880 - MSRP
$45,380 - Invoice
$-6,500 - Factory Money
$38,880 - Net invoice
$ 400 - Freight from out of state
$ 250 - Floor Mats, PDI
$ 215 - Windscreen
$39,665 - Actual Dealer Cost
$ 1,315 - Dealer Profit
$40,980 - Sale Price
I suppose I could argue the price of the windscreen is quoted as retail and NOT wholesale, and that $400 seems excessive for a 5 hour drive (then again BMW's are freighted differently than most cars). Perhaps I am having a panic attack as I am buying the car in two days, but... any thoughts? Think I should have gotten the car for lower?
I did sign a contract for the car, he never countersigned it, however. At this point, would it be crazy to try and re-negotiate or tell him I am walking away entirely? WDYT?
thanks,
Thanks!
http://www.edmunds.com/new/2007/bmw/z4/100831031/incentives.html?vdp=off&setzip=- 97702&state=OR for my state and ZIP.
premium pkg
steptronic auto
heated seats
extended leather
metallic paint
$41,500 delivered, but taxes and tags extra
I think its a good deal
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This is the first time I am leasing a car and I am almost come to my end in getting my Z4 3.0si but wanted to see if this deal was great or could do better?
I figure they want to wrap everything by tomorrow June 30th so they close their quarter and I may be able to negotiate further. I also figure I would go with 12k miles.
Any help on reducing the money factor or anything else to lower the monthly payment would be appreciated.
Thanks
South Florida - BMW Fort Lauderdale
MSRP $50,200 (INCLUDES AUTO, PREMIUM & SPORTS PKG, XENON LIGHTS, BLACK LEATHER SEATS, M SPORTS SEATS, JET BLACK WITH BLACK AUTO SOFT TOP).
END OF JUNE DISCOUNT $6,225
FINAL NEGOTIATED PRICE $43,975
TERM : 24 MONTHS
RESIDUAL VALUE 73%
MONEY FACTOR : .00215
MILES : 10,000 PER YEAR
LEASE PAYMENT : $359.00
TAXES 6% $21.54
TOTAL MONTHLY PAYMENT : $380.54
DOWN PAYMENT $2,500
BANK FEES $625
SALES TAXES $700
SECURITY DEPOSIT $400
TAG $250
1ST PAYMENT $399
TOTAL DUE ON DELIVERY $4,874
thx.
09 BMW Z4 sDr35i 3.0 Roadster, premium package, exclusive ivory white extended leather, 18" wheels with run flat, 7 speed double clutch auto transmission, deep sea blue metallic paint. 1100 miles, new.
MSRP $60,025.00
sell price $52,552.00
rebate $3000.00
net cap cost $50,474.62
Residual $39,016.25
mileage 12,000
Residual 65%
Money factor .00135
Total OTD payment $2000.00
Monthly payment $515.93
Term 29 months
Can I get an opinion on this as soon as possible??? We have the car to use for Sunday but need to make a decision on Monday.
2004 3.0 manual
Sport and Premium package.
BMW cover and a few extras.
Pristine condition.
13,000 miles.
Paid $18,000
Flew from Portland to Idaho and drove the Z all the way home!
Problem: after second CD, the player (dash) will not eject the CD. Radio and CD still work, but will not eject CD. Any ideas?
If it were properly priced I'd seriously consider the '09 but it seems to me that it should really be further reduced because of the depreciation it must have, being two model years behind. What is a REASONABLE amount to deduct from the equation for depreciation?
Or, if you want specifics, MSRP is $61,345 and the car has Cold weather pkg, premium, sport, auto tranny, satellite radio, and IPOD.
Given the parameters you've listed, I'd say a '10 model without the $3K in options that you don't need, would be the better buy.. Over $50K for an '09 seems like a lot.. (but, I'm cheap.. lol)
regards,
kyfdx
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Mine was about a deal of a lifetime! I would have grabbed yours if I had known about it, but would have offered about $45k or so (pulling a number out of a hat).
So, residual per my contract is $33K++
Edmunds has appraised my car, with all options and mileage as follows:
Trade in: $22,632
Private Party $25,227
Dealer Retail $27,526
Certified Used Vehicle $29,153
My dealer offered to sell me my leased car for $28,325, and he said that if I call BMW Financial services, they'll quote me the residual, and no lower.
Also, to upgrade my no-cost maintenance another 2 years (after 4-year original warranty) or 100K miles (whichev comes first) will cost another $2500
Question 1: What price of the Edmunds' quotes should I be negotiating toward? I thought that the "trade-in" price, was basically the wholesale value of the vehicle to the dealer, such that I should be negotiating closer to $22K, and not $28K
Question 2: Should extending my original warranty REALLY cost $2500? That's $1250 a year -- would I be spending THAT MUCH on maintenance/upkeep from year 4 onwards?
Any help on either question, or any insight on this post is much appreciated!
As for the maintenance contract you are being ripped off. Dealer cost is $1395 and msrp is $1895. If you want to buy the car first work out the deal on the car itself and don't discuss the maintenance contract. AFTER that is finalized and in writing, then negotiate the maintenance contract. I think what they are doing is using extra markup on the maintenance contract to offset a decent deal on the car. Keep in mind that BMWFS charges the dealer a "loyalty adder" if the original lesee buys out his lease.
One caution is I'm not sure whether you can buy extended maintenance after you buy out the lease. Call BMWFS and ask them (I'm sure the dealer will say you can't) because it might be a "first owner only" deal-I'm not certain.
and remember you can do your lease buyout with ANY dealer, not just the one you leased through, so go see a couple more and see what you are offered. Good luck!
So my plan is to buy my car out first, and keep it for the next year. BMWFS was the one who sent me an email allowing me to extend my original maintenance plan.
I believe you said that if the dealer is willing to sell me my car (CPO included), at $28,325, it's a good price. Unfortunately, the $28,325 was just to buy out the car, I'd need to pay extra for the maintenance upgrade or to CPO.
Now, you're saying I can buy my leased car from another dealer? I didn't know that -- literally, I thought since I am leasing my car from Pacific BMW/BMWFS, they are the only ones who can give me a final offer on the buy-out price.
That said, I hope someone out there can help with Question #1.
Question 1: What price of the Edmunds' quotes should I be negotiating toward? I
thought that the "trade-in" price, was basically the wholesale value of the vehicle
to the dealer, such that I should be negotiating closer to $22K, and not $28K.
THANK YOU FOR YOUR REPLY!
This one is sand color and a similar colored top. Not exactly the color I wanted. Has new run flats, brakes and a battery. It's got a power top and runs well. Any input on this at this price? Looks like I'm at about the private party price for it. I'd say it's between good and excellent condition. Should I go for it or is the 06 so much better to wait on? There is no warranty with this one. i kinda wanted to find an 06 CPO in the 16 or 17 range.
2 owners on this one. Seems like a lot of owner for such low miles and needing a battery, brakes and tires so soon? I've read about the tires being short lived, but....
1) 6 years old.. not too surprised about the battery...brakes vary on BMWs, but anywhere between 30K-60K is not too surprising.. Tires, as well.. Higher performance tires.. 30K is about it...
2) Two owners in six years... A lot of BMWs are leased.. and, a lot of people buy a convertible that haven't had one before... and it just isn't for them.. that wouldn't put me off.
3) It's hard to find a CPO '06 model, because most of them would already be 5 years old...with only a year left on warranty... A dealer won't market an '06 as CPO, but you might find a private party that bought their's as CPO.
4) Without an option list, it's hard to be sure on the price, but that's pretty low miles for an '05... Price seems decent from a dealer (BMW dealer?).
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Trade-in $12,464
Private Party Sale $13,817
Dealer Retail $14,949
Just buying one as a toy. So given what I see here, I'm down to the private party price considering the color. I looked at the colors in that year for that car and there is no sand color. I guess it's possible the site just missed all the colors on that model? It looks like original paint. And the car fax is clean. Nice stereos in these cars.
The only added option I see is the power top that gives the proverbial thud when it hits the windshield. I understand that at least a TSB on this car. Really doesn't bother me as long as it doesn't damage anything.
This 2006 on ebay looks to be a CPO. Either that or they're trying to give the impression it is..?
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=250761076948&ssPag- eName=STRK:MEWAX:IT
17 months of warranty goes by pretty fast... It adds some value, but not sure how much.... Of course, it gives you 17 months to decide if you have a problematic car that you might want to get rid of...
If the car is a toy.... then, I vote with going cheaper on the front end... rather than paying up for bigger engine, more warranty, etc, etc.
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