High interest rate

koala · 02-29-2008, 01:48 PM

Quote:

Originally Posted by vanbmw

You would think the 1 series rates would be very similar tot he 3 series. I know the demand for the 335's is till high and they are a pre-order car also. The 1 series should be a similar situation.

Really? I was looking at 335's back in September and they had tons of them available to drive home that day. (albeit mostly sedans, but quite a few coupes too)

I ended up not doing one when I discovered the 135 was coming...

vanbmw · 02-29-2008, 03:09 PM

The only coupe they had was an auto and it was a demo model. They had two 335 coupe in the delivery bay that had been pre-ordered. They had sedans available on the lot. I did go to 2 local BMW dealers and got the same story from them both. If they could have gotten me one quickly I would have expected them to try and sell me on the 335.

looking · 02-29-2008, 03:13 PM

Quote:

Originally Posted by vanbmw

Did you get a good deal on your 335? I speced out a 335 with the salerep and it was almost $12000 more then the 135 I ended up getting. They had some deals on 335 sedans but the coupes had a long order time and they had n o deals on them. I still love the look of the 335, really nice machine.

Don't forget to take into account you guys are from different cities

linus · 03-01-2008, 12:34 PM

Quote:

Originally Posted by vanbmw

Did you get a good deal on your 335? I speced out a 335 with the salerep and it was almost $12000 more then the 135 I ended up getting. They had some deals on 335 sedans but the coupes had a long order time and they had n o deals on them. I still love the look of the 335, really nice machine.

If you press them enough on the 335i coupe, they will give you between 4-5%. 5% is tough to get, but achievable. What I've done before is printed out deals that other Canadians on e90post were getting and took the printout to the dealership in question. Tell them that if you don't get what you're looking for, you'll go to the dealership and sales person that your forum buddy went to. Works like a charm most of the time.

The 335i coupes are in decent demand, but nowhere near the demand that caused the backlog in late 2006 and much of 2007. Don't let the stealerships bs you on how difficult it is to get a 335i coupe. When you get a 4-5% discount off MSRP and then get a 4.9% lease rate on a 335i, you'll see that the difference in total price between a 0% discount 135i with a sickening 7.75% rate will be negligible. In my case, it would have been lower because of my 3.9%.

M3Newbie88 · 03-01-2008, 02:18 PM

Hey guys.. got the confirmed rates from my SR today..

Finance - 24mths to 60mths is 6.75%
Lease - 24mths to 36mths is 7.75%

looking · 03-01-2008, 04:15 PM

^^^

Too high....

M3Newbie88 · 03-01-2008, 04:47 PM

Quote:

Originally Posted by excel

^^^

Too high....

Ya but its not gonna change cause its to high :drinking:

Road Runner · 03-01-2008, 04:56 PM

Quote:

Originally Posted by 1LazyBmw

Hey guys.. got the confirmed rates from my SR today..

Finance - 24mths to 60mths is 6.75%
Lease - 24mths to 36mths is 7.75%

6.75% isn't bad for financing, I was expecting 6.9%. Its obviously not great, but it doesn't surprise me.

vanbmw · 03-01-2008, 05:39 PM

I'm sure you could do better financing it elsewhere...try ING bank.

looking · 03-02-2008, 02:17 AM

Quote:

Originally Posted by 1LazyBmw

Ya but its not gonna change cause its to high :drinking:

Unfortunately you're right. What can we do, but walk away....

M3Newbie88 · 03-02-2008, 07:18 PM

Quote:

Originally Posted by excel

Unfortunately you're right. What can we do, but walk away....

or suck it up like me and you know sell a few things here and there.. lol.. jk

larryn · 03-02-2008, 07:27 PM

AAA loan rate is 4.99% for a 5 yr loan. For $40k, that equals $754/mo (with no down payment). I bet that payment is close to the price for leasing.. and you actually own it afterwards. (I wouldn't recommend it but...) a 6 year loan is $644/mo, with nothing down.

If you put down $3000 (like you probably would do on a lease anyway), your payment would come down to $698/mo. Make that same down payment on a 6 year car loan, and the payments would be $595/mo.

I know this is in the Canada forum, but there's are cheaper options than BMW financing...

looking · 03-03-2008, 06:16 AM

^^^^

Thanks for the info and I think that's a point some people might be forgetting about, there are other finance options available. Now I know people leasing usually do it for business reasons and for them, there's just not much help.

Quote:

Originally Posted by 1LazyBmw

or suck it up like me and you know sell a few things here and there.. lol.. jk

LOL yup! which arm or leg should I sell?? hhahahha

02-29-2008, 03:09 PM	#24
vanbmw Major 130 Rep 1,101 Posts Drives: 2015 Black 335i Join Date: Feb 2008 Location: Vancouver iTrader: (0)	The only coupe they had was an auto and it was a demo model. They had two 335 coupe in the delivery bay that had been pre-ordered. They had sedans available on the lot. I did go to 2 local BMW dealers and got the same story from them both. If they could have gotten me one quickly I would have expected them to try and sell me on the 335.
	Appreciate 0 Quote

03-01-2008, 02:18 PM	#27
M3Newbie88 Brigadier General 138 Rep 4,053 Posts Drives: E92 M3 Join Date: Jun 2008 Location: Canada iTrader: (5)	Hey guys.. got the confirmed rates from my SR today.. Finance - 24mths to 60mths is 6.75% Lease - 24mths to 36mths is 7.75%
	Appreciate 0 Quote

03-01-2008, 04:15 PM	#28
looking Captain 40 Rep 602 Posts Drives: 135 Join Date: Aug 2008 Location: GTA iTrader: (0)	^^^ Too high....
	Appreciate 0 Quote

03-01-2008, 05:39 PM	#31
vanbmw Major 130 Rep 1,101 Posts Drives: 2015 Black 335i Join Date: Feb 2008 Location: Vancouver iTrader: (0)	I'm sure you could do better financing it elsewhere...try ING bank.
	Appreciate 0 Quote

03-02-2008, 07:27 PM	#34
larryn Lieutenant General 2148 Rep 10,176 Posts Drives: '97 332ti, '21 X5 45e, '16 GT4 Join Date: May 2005 Location: Seattle iTrader: (2)	AAA loan rate is 4.99% for a 5 yr loan. For $40k, that equals $754/mo (with no down payment). I bet that payment is close to the price for leasing.. and you actually own it afterwards. (I wouldn't recommend it but...) a 6 year loan is $644/mo, with nothing down. If you put down $3000 (like you probably would do on a lease anyway), your payment would come down to $698/mo. Make that same down payment on a 6 year car loan, and the payments would be $595/mo. I know this is in the Canada forum, but there's are cheaper options than BMW financing...
	Appreciate 0 Quote