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E89 Z4 (2009 - current)

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  #26  
Old 05-30-2011, 10:06 AM
Display_Name Display_Name is offline
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The car was new, not a demo.

The in service date was 5/21, the day I took delivery.

The residual is, to the penny, 82% of the MSRP.
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  #27  
Old 05-30-2011, 12:09 PM
fq fq is offline
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Thanks! Then there obviously seems to be some hidden factory-to-dealer cash that is not being advertised. Awsome deal on an awesome car, either way!

Quote:
Originally Posted by Display_Name View Post
The car was new, not a demo.

The in service date was 5/21, the day I took delivery.

The residual is, to the penny, 82% of the MSRP.
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  #28  
Old 05-30-2011, 12:42 PM
dtc100 dtc100 is offline
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Quote:
Originally Posted by fq View Post
Yes, absolutely, demos get leased with the exact same terms as new cars. The only difference is that residual amount is reduced by the number of miles on the odometer times usually 20 cents (but can be different for different vehicles -- I have done it several times). If DISPLAY's Z4 only had 40-50 miles on the odo, then the residual would only have been reduced by $10 from that of a "new" vehicle, translating into about 40 cents per month in the lease payment.
What about the loaners, can they be leased under similar terms? To find a similar new car deal as the OP's would not be easy, but demos are more readily available.
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  #29  
Old 05-30-2011, 02:25 PM
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Yes, loaners can be had for the same terms. But i think there might be a time limit of 6 months (not 100% on this) on how long it has been a loaner to qualify for the same terms.

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What about the loaners, can they be leased under similar terms? To find a similar new car deal as the OP's would not be easy, but demos are more readily available.
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  #30  
Old 05-30-2011, 03:16 PM
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Quote:
Originally Posted by fq View Post
Thanks! Then there obviously seems to be some hidden factory-to-dealer cash that is not being advertised.
I figure it might be regional, based on time on lot, or maybe a combination if the two.
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  #31  
Old 05-30-2011, 06:07 PM
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rmorin49 rmorin49 is online now
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For the life of me I cannot figure out what BMWNA is smoking if they think this car will be worth 82% of MSRP 24 months from now.
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  #32  
Old 05-31-2011, 08:22 AM
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Quote:
Originally Posted by rmorin49 View Post
For the life of me I cannot figure out what BMWNA is smoking if they think this car will be worth 82% of MSRP 24 months from now.
They know damn well that the cars will not be worth the residual on the other end. Heck, for the residual to be accurate my car would have to depreciate less than $4,200 in 2 years. (From sales price to residual)

This is a game being played to bury a loss in the future. It's like an incentive that doesn't have to be paid for at least two years. The cost of the incentive will be realized only when the car doesn't cover its residual at auction.

From a TTAC post a few years ago, made by commentator : "Maverick":

Quote:
You have to remember a couple of things regarding what seems to be a ridiculous policy at GMAC.

1. The people who set the original residual value are different than the people who are responsible for auctions.

As a result, there is no accountability for setting artificially high residual values because their goal is to move the metal on the original sale.

2. The people who set the original residual value are long gone–probably promoted or moved on to another job.

As a result, there is no accountability for setting artificially high residual values because their goal is to move the metal on the original sale and get their bonus.
I'm not a CPA, but I find this persuasive. Heavily incentivized leases are just that, incentives to move metal, but when you do it with the residual and not just the MF, you can hold off on showing the hit until the lease term has run its course.
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  #33  
Old 05-31-2011, 11:39 AM
dtc100 dtc100 is offline
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I suppose heavily subsidized financing or cash rebates are for the same purpose, to move the metal.
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  #34  
Old 05-31-2011, 11:46 AM
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madurodave madurodave is offline
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I just hope BMW dies not get into the same trouble as GM and Chrysler with their leases and fleet cars. Times were good for a little while but bit them later.
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  #35  
Old 05-31-2011, 12:45 PM
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I just hope BMW dies not get into the same trouble as GM and Chrysler with their leases and fleet cars. Times were good for a little while but bit them later.
Every bank was bitten badly by the leases last time when the recession hit, more so for the low mpg vehicles when the fuel cost went up.

As for the Z4 lease, there aren't many to be sold to have significant impact on BMW.
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  #36  
Old 05-31-2011, 05:19 PM
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I'm glad I sold my BMW AG stock. This is not how I want to see a company operate if I own their stock.
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  #37  
Old 06-25-2011, 01:38 PM
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So, it took me a month, but here are pictures of the condemned 326M wheel that was damaged on my journey home.

I think that a specialized wheel place might be able to fix it, the damage doesn't look too bad to me. Maybe it was simply too far gone to get fixed quick enough to get it back to me quick enough.

Or, I suppose, it might be bent out of round in a way that isn't visible to the naked eye as are the two pictured dings.
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  #38  
Old 06-25-2011, 06:56 PM
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The thing about a lease is that if the residual is a high percentage of MSRP and the cap cost is significantly lower than MSRP the lease payment gets crushed. In this case an 82% residual applied to say 70k is $57,400. If the cap cost was say 60k the rent charge is $2600/24 = $108.33. If the mf is .00175 - .0003 - .00049 = .00096 the interest is $112.70 so the lease payment in my example is only $221.03 plus tax on a 70k car. Crazy.
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  #39  
Old 06-27-2011, 07:36 AM
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impressing Atacama yellow~I love it!!!
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  #40  
Old 06-28-2011, 06:25 AM
OZ4 OZ4 is offline
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I did not think I would like yellow ……But that looks great ...
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