So what's the buying strategy for an 2009/10 M3?

[Sybersport]

I was looking at the finance and lease rates on the 2009 M3, and almost puked.

I also saw that a few folks scored a great deal on an '08 model with low financing back in November...

So in general, do financing/lease rates generally get lower in the fall / winter months? I'm assuming this happens b/c people don't buy sports cars in the winter.

If so - would it be an educated guess to assume that the 09 M3's (assuming there are still a few around) and the 2010's will have better financing rates this fall?

Anyone have any historical stats on finance/lease rates in Canada?...

[markymarc1979]

Originally Posted by Sybersport

I was looking at the finance and lease rates on the 2009 M3, and almost puked.

I also saw that a few folks scored a great deal on an '08 model with low financing back in November...

So in general, do financing/lease rates generally get lower in the fall / winter months? I'm assuming this happens b/c people don't buy sports cars in the winter.

If so - would it be an educated guess to assume that the 09 M3's (assuming there are still a few around) and the 2010's will have better financing rates this fall?

Anyone have any historical stats on finance/lease rates in Canada?...

Sorry man, but there won't be any deals on 2009/2010 M3's. The new generation M3 was released for the 2008 year and North American dealers ordered way too many. They didn't sell as well as they had anticipated. As a result, there were plenty leftover when the 2009's were supposed to be coming in. The dealership told me they are only ordering 2 for stock and the rest need to be ordered from the factory.

Not to rub it in, but I got $20K off MSRP on my 2008 E93 M3. Just call it good luck and I was in the right place at the right time. Mine is a 2008, but I bought it March 2009. Either way it's a beautiful machine and I'm totally satisifed.

Did you check to see if any 2008's are still around? How about in the States. The deals are out there, you just have to find them.

[Vise]

The finance and lease rates are typically lower in the fall/winter as BMW and its dealers work to clear remaining inventory to make room for the next model year... in your case I'd expect rates on 2009 inventory may drop somewhat to make room for the 2010s. People not buying sports cars in the winter may be a small factor but it probably plays more into discounts than rates IMO.

Good luck this year though, from all accounts the 2008 situation was such a disaster (tons of 2008s remaining at year end due to the economy) that very little 2009 inventory was brought in for dealer stock as the dealers didn't want to get burned again. Assuming the rates drop in the fall I'd suspect any remaining 2009s in Canada go quick... and I personally would doubt that the huge incentives we saw (and took advantage of) on the 2008s will be around again. Time will tell... good luck either way and trust me when I saw the M3 is worth it 100% whatever you end up paying.

I won't rub it in any further by telling you what I paid for mine...

[enfield]

I was at my local dealership yesterday. They do not have any 2009 M3's and said that they will not get one. They are open to ordering one though - but no real deals. You will get 0.5% APR off the going rate if you are a returning customer. You get also get 2-3% off MSRP because you can make the arguement that they will not get stuck with the car & it will fly off the lot. So - it is free $$ for them

Good luck on the search & keep us posted.

[sparkyg]

Go to the US an get at '08 model, there has gotta be some around still?

I am sure the dealers will bend you over this time of year, best time to buy is fall, worst is right now.

The exchange is back up again so I think the US option is a good one.

I bet there are cash back deals going on just like last year at this time

You gotta find a reputable dealer who will tell you the truth since all the cashbacks are offered by BMWCA but the dealers hide it and try to keep the profits.

Edm BMW was notorious for this behaviour, prob still do it.

[halB]

So what lease rate and residual are they offering right now? They won't show it in www.bmw.ca.