BMW lease/finance rates

[redbeast]

Anyone know why BMW lease and finance rates are so high?

In comparison to other manufacturers they seem super high (above 5%)

[2002civic]

08's are 1%

[AE92_TreunoSC]

Just talked to someone who bought a 128i this past weekend.

Said it was 4.5% for the 08's.

Yet I keep hearing its been 0.5% all summer? Did it change?

Anyone willing to clarify?

[redbeast]

Well it must be the 09's that have high interest rate due to the fact its a newer car than the 08's.

Any reason why the "M" cars interest rates are so high? Exclusivity of owning an "M" car?

Thanks

[Xtrema]

M isn't a volume car by design. They don't need incentive to move it.

More inventory they have, lower rate it goes.

Originally posted by AE92_TreunoSC
Just talked to someone who bought a 128i this past weekend.

Said it was 4.5% for the 08's.

Yet I keep hearing its been 0.5% all summer? Did it change?

Anyone willing to clarify?

www.bmw.ca, right on the front page for 08 specials. Not rocket science.

[C4S]

They drop the price for most 2009 model .. so .. no more incentive rate ..

Man .. when you look at the interest rate of a car, you should look at the "effective" rate ..

Say for 2008 3 series .. either ~$4,000 rebate or 1% rate .. not BOTH ..

So, if you take the $$$ cash rebate, and go to your own bank for loan .. you are going to get ~ 7% anyway ..

If you "factor" the $4,000 (or whatever) into the car price, the "effective" interest rate, is probably ~ 6-7% anyway.

Same as Toyota .. they offer $3K or 1.9% rate .. something like that .. basically, they set a higher price, then BUY DOWN the rate for you ..

As BMW case, 2009 3 series is average $3,500 less then 2008 .. so ... no more low rate ..

You expect LOWER price and LOWER rate together? no free lunch man ....

[dibbz]

Most of the '08 models are up for financing at 1%. Even the M models! Lease rates are around 2.9 - 6.9%. The only models that are not affected it seems are the 1 series and X6, their newest models.

[Ntense_SpecV]

Originally posted by AE92_TreunoSC
Just talked to someone who bought a 128i this past weekend.

Said it was 4.5% for the 08's.

Yet I keep hearing its been 0.5% all summer? Did it change?

Anyone willing to clarify?

Yes, with the credit crisis the banks want to pad their pockets to make sure that they are continuing to make money on loans...take for example me - really good credit, make a good wage (above 65k), and just bought an 09' Subaru Forester yet the banks are trying to give me a 6-7% finance rate.

In short form they are really tightening up their lending rates.

[mekeni]

right now it's 3.9% APR (finance) for an 09 E90