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      07-03-2010, 01:09 PM   #45
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Just spoke with CA and he said BMW is trying to lower the number of the leases. Guess they are ending up with too many used ones. Reason why they are offering decent interest rates.
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      07-03-2010, 01:35 PM   #46
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Just spoke with CA and he said BMW is trying to lower the number of the leases. Guess they are ending up with too many used ones. Reason why they are offering decent interest rates.
I don't know what to think of it. With current lease offers, isn't it cheaper to lease than to finance, even with low finance rates?
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      07-03-2010, 01:54 PM   #47
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I don't know what to think of it. With current lease offers, isn't it cheaper to lease than to finance, even with low finance rates?
Still cheaper to lease. Not sure exactly how much cheaper but around $100-150. BMW is ending up with all these 3 year old cars on the lots and they are having trouble moving them. That was my understanding from my conversation today. If they can sell rather than lease, people will keep their cars longer. Guess that is the purpose of the tiered program and the lower interest rates. Maybe they should have 0% for 60 months then
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      07-03-2010, 02:40 PM   #48
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Hehe 0% would basically admit that BMW can't move cars like some other companies *cough*GM*cough. Still, it would be nice. I got 2.9% for 6 years last month when I signed. 1.9% for 5 years is pretty good too though.
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      07-03-2010, 03:42 PM   #49
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Still cheaper to lease. Not sure exactly how much cheaper but around $100-150. BMW is ending up with all these 3 year old cars on the lots and they are having trouble moving them. That was my understanding from my conversation today. If they can sell rather than lease, people will keep their cars longer. Guess that is the purpose of the tiered program and the lower interest rates. Maybe they should have 0% for 60 months then
I'm not sure about CA's statement,- maybe it was a sales pitch because they make more $$ off financing?... atleast it is not valid about M3's, there are simply not enough pre-owned M3's for sale. When I was looking for CPO or even pre-owned, just didn't see many M3's at all and eventually gave up looking and decided it is easier to lease. However, lots are full with other BMW models, even M6's I see on lots for over a year and not a hint of selling even at $$$ half the price!!! My local BMW dealer has a fully loaded with every option '08 M5 with 6MT at $50k and they can't move the car off the lot at all! They say, they have no idea why it's not selling, price is low enough,- it's an '08 M5! I test drove this M5 and it is almost new
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      07-03-2010, 05:56 PM   #50
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New Tiered System/Rates for BMW leases confirmed:

Score 675 or above - MF 0.0018
Score 674 or below - MF 0.0020
i just came back from the dealer, and the finance dude gave me a MF at 0.00235, i told him i thought it was 0.0018, and he said few stuff and also said dealer markup.......

wtf is up with that? Anyway, i ended up going with finance with the 1.9% rate.
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      07-03-2010, 09:06 PM   #51
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i just came back from the dealer, and the finance dude gave me a MF at 0.00235, i told him i thought it was 0.0018, and he said few stuff and also said dealer markup.......

wtf is up with that? Anyway, i ended up going with finance with the 1.9% rate.
Dealer "mark up" is a BS,- they were just trying to bump you up for money and MF is the easiest way of doing it, most people don't question it. Also "documentation fee" is dealer's other way of stealing your money upfront to make up for "invoice deal" or "heavy-aggressive discount" - $400 "doc fee" is a nice way to pick up quick cash for one hour desk work
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      07-03-2010, 09:29 PM   #52
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Quote:
Originally Posted by dimabimmer View Post
I'm not sure about CA's statement,- maybe it was a sales pitch because they make more $$ off financing?... atleast it is not valid about M3's, there are simply not enough pre-owned M3's for sale. When I was looking for CPO or even pre-owned, just didn't see many M3's at all and eventually gave up looking and decided it is easier to lease. However, lots are full with other BMW models, even M6's I see on lots for over a year and not a hint of selling even at $$$ half the price!!! My local BMW dealer has a fully loaded with every option '08 M5 with 6MT at $50k and they can't move the car off the lot at all! They say, they have no idea why it's not selling, price is low enough,- it's an '08 M5! I test drove this M5 and it is almost new
I think that is what the concern is. You figure the E90/E92 M3's have been out for about 3 years now so we should start to see some of them coming back in. I know what you mean about the 6's. Damn, there are tons of 650's and M6's going for dirt cheap. That might be what they are worried about with these leases, having tons of used cars sitting on the lots. Not sure if they make more money from a lease or finance? Of course, they always try and jack up the money factor but people are catching on to this. M3 Post FTW!
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