|
|
SUPPORT ZPOST BY DOING YOUR TIRERACK SHOPPING FROM THIS BANNER, THANKS! |
Post Reply |
|
Thread Tools | Search this Thread |
05-02-2007, 04:03 PM | #1 |
Private First Class
38
Rep 187
Posts |
Finally got to test drive it!
Hi everyone,
I have been lurking around for a while (posting on e90/m3post) and became very interested in the Z4 ///M Coupe after seeing it in person in the New York Auto Show last year. I test drove both the Honda S2000 and the Z4 Coupe back-to-back. I loved both of them. However, at the end the Z4 Coupe won-over. Adrenaline-rushing-pleasure driving that beast! I currently drive a 2002 325xi 5-Speed (everything except Navigation) which I will be selling soon. I finally asked my salesman to email me whatever the best he could do in terms of lease pricing and I just got the following information: Code:
2007 BMW ///M Coupe (Massachusetts) Lease: 36 Months, 15K miles/year $50,100.00 Base $ 775.00 Destination $ 475.00 Metallic Paint $ 2,850.00 Premium Package $ 500.00 Heated Seats $ 1,800.00 Navigation $ 1,000.00 Gas Guzzler Tax $57,500.00 Total $55,995.00 Capitalized Cost 0.00190 Money Factor $ 823.11 Total Monthly Payment $ 2,883.36 Amount due at start What do you guys think? I would like to hear what your comments and suggestions are. Thanks! Edit: Looks like April Lease rates where: 36 Month – Residual 57% of MSRP – .00150 Base Rate (from http://www.bimmerfest.com/forums/sho...d.php?t=198537) Not sure if the May ones are out yet. |
05-02-2007, 04:21 PM | #2 |
Administrator
6716
Rep 4,201
Posts |
That sounds like a very high payment, but I dont have any real life numbers or experience on leasing a Z, just my 0.02cents that it sounds like a large payment for a 56k car
|
Appreciate
0
|
05-02-2007, 04:42 PM | #3 |
My favorite sign.
169
Rep 4,333
Posts |
Yeah, that is high...I bought mine...granted for about 6000 less, but that's close to what i pay at 4.99%, leasing is supposed to be cheaper...
|
Appreciate
0
|
05-02-2007, 04:49 PM | #4 |
Lieutenant
20
Rep 506
Posts |
Good Lord, that seems high to me also. Wait him out and chew him down a little. Don't seem too desperate. Sometimes beauty can blind us, as I'm sure the car is a knockout. Good luck
|
Appreciate
0
|
05-02-2007, 05:06 PM | #5 |
Private First Class
38
Rep 187
Posts |
Thanks guys. I even tried the configurator online (BMW USA website) and it gave me a cheaper price!
I made sure not to look desperate - the reality is my 325xi is great (especially in snow) - I just got promoted at work and have been always eyeing the M Coupe - so decided to give this one a shot. I am going to just tell him that the numbers just way too high for a lease. Out of curiosity - how did everyone else do? Thanks again everyone! |
Appreciate
0
|
05-03-2007, 05:19 PM | #7 |
Private First Class
38
Rep 187
Posts |
@DaveO - I did go to the dealer when requested the numbers - but asked to send them via E-Mail as I tend to be very busy. I already purchased the car from them before (from the same Sales Person) - a nice guy really.
Today I got a call back from him today and confirmed that the numbers seemed high and will quickly send me revised numbers. Over the phone he mentioned the following: Money Factor: 0.00150 Residual: 59% Due at Signing: $2,883.36 (includes all fees, taxes and first month) Monthly: $783.22/month I still think the numbers are a little high - what do you guys think? I am still waiting for the "official" email before I talk to him again. Thanks again guys for you comments! PS: This is Wagner BMW in Shrewsbury, MA -- the other closest one is in Boston Herb Chambers which I really don't like from friend who purchased from them. Any other dealers people recommend around the area? |
Appreciate
0
|
05-03-2007, 05:20 PM | #8 |
My favorite sign.
169
Rep 4,333
Posts |
I've been to Herb, they seem like a bunch of dicks...but a friend of mine bought a used 325xi from them and seems pleased with the service...so i guess it's up to you
|
Appreciate
0
|
05-04-2007, 12:12 PM | #9 | |
Second Lieutenant
92
Rep 242
Posts |
Quote:
|
|
Appreciate
0
|
05-04-2007, 10:38 PM | #10 |
Private First Class
38
Rep 187
Posts |
so got the new numbers:
MSRP: $57,500 CAP Cost: $55,995 Residual Value: $33,925 Monthly Payment (total - includes sales tax): $785.34 Total up-front (including taxes): $2,795.59 First Payment: $785.34 Refundable Security Deposit: $800.00 Bank Fee: $825.00 Registration Fee: $344.00 Any thoughts? @DaveO: I agree. |
Appreciate
0
|
05-04-2007, 10:48 PM | #11 |
Lieutenant
20
Rep 506
Posts |
Personally, I still think it's a bit high. I mean, you're only paying around 38 dollars or so less per month then the first quote you showed us...big deal . Get them to do better then a lousy 38 dollars.
Be tough man! Walk in there with a cigar and prop your feet on his desk! |
Appreciate
0
|
05-06-2007, 10:26 AM | #13 |
Lieutenant
8
Rep 412
Posts |
Why not just purchase, then it is yours and you do not have to worry about mileage etc.? If I remember correctly, for a 50K vehicle you can go out as far as 8-9 years and get a much lower payment than a lease, payoff early and come out ahead depending on your income situation.
My 2cents, which is probably worth even less. Cheers! |
Appreciate
0
|
05-08-2007, 08:44 AM | #14 |
Major
450
Rep 1,035
Posts |
I can tell you my friend is leasing an M Coupe for about 700$/mo with minimal downpayment (I think a few thousand)
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|