chance of 0.9% in january?

[HanM3]

what do you guys think will rates go down next month?

[jml]

My guess is that they will not pull out 0.9 until the 08 inventory is gone, but I could be wrong. New rates come out Jan 2nd.

[iatacs19]

The economy isn't getting any better...

[mapezzul]

Originally Posted by alpha-3

what do you guys think will rates go down next month?

Rates will not go down... BMW will NEVER offer 0%. The rates are as low as the will go, residuals will continue to take a hit in order to push more people towards financing. The system is working as 10% more cars are being financed than leased.

[GobBluthe]

^^^

Maybe the OP is referring to 2009 models? I hope so, as I'd rather order a 2009 at 1k over invoice @ 0.9% than settling for a leftover 2008.

[Technic]

Originally Posted by GobBluthe

^^^

Maybe the OP is referring to 2009 models? I hope so, as I'd rather order a 2009 at 1k over invoice @ 0.9% than settling for a leftover 2008.

That's obvious, Mr. Watson...

[M2MG17]

I dont think they would do that again.

[Tebow]

I actually spoke to my dealer today to see if it would go from 3.9% to 0.9% for 2009s. He said he doesn't think they are going down, but he is also trying to get me to complete the sale for his numbers before year end.

With the economy the way it is and all car companies recording operating losses, I would not be surprised if the rates do go to 0.9%. I walked into a dealer near me last week and they had a 7-series for 10k off sticker. Times are rough.

[wahoo]

If you are ready to pull the trigger I would simply wait. It will be uglier in January. January is the worst sales month for cars historically. I think you'll see the rates stay static. I'd be shocked if they increase their finance rates.

[wahoo]

I recommend to spend, spend, spend. I want a 24mo lease return.

[Jerktown]

I just heard 2.9% starting tomorrow. I went down to fill out a credit app to get locked in at 3.9% and they told me to just bring the app in tomorrow since it'll be 2.9% - I asked her again that I wasn't going to come back tomorrow and hear it's higher than 3.9% and get screwed, but she said she just heard it from the manager, 2.9% tomorrow.

[Johndoe]

Originally Posted by Jerktown

I just heard 2.9% starting tomorrow.

Good heads up call- thanks.

[michaeldorian]

http://www.bmwusa.com/Standard/Conte...3CoupeAPR.aspx

Yup,

It's official. I should have waited.

[09E92M34ME]

Originally Posted by michaeldorian

http://www.bmwusa.com/Standard/Conte...3CoupeAPR.aspx

Yup,

It's official. I should have waited.

Don't sweat it. You are in a great car and did the deal when it was right for you. If you would have kept waiting for the next best deal you would never get your car.

[FStop7]

Looks like 0.9% has officially left the building. But 2.9% on the 09 models is still pretty awesome.

Assuming your total amount financed is $72k @ 5 years you'd pay a total of $1800 interest with 0.9% and a total of $5400 in interest with 2.9%. $3600 is nothing to sneeze at but stretched over 5 years are you really going to feel the difference on a $60k-$70k car? Probably not.

[NoSoupForU]

I'm wondering why they would get rid of 0.9% for the 335i and others considering how bad the economy is?

[Tebow]

Originally Posted by michaeldorian

http://www.bmwusa.com/Standard/Conte...3CoupeAPR.aspx

Yup,

It's official. I should have waited.

My CA told me that if the rate goes down before I buy the car, then he would rip up the financing agreement and give me the lower rate. Are you saying that once you lock in a rate, that is the rate that you get??

[matt beard]

Originally Posted by Tebow

My CA told me that if the rate goes down before I buy the car, then he would rip up the financing agreement and give me the lower rate. Are you saying that once you lock in a rate, that is the rate that you get??

No he has already taken delivery. It is the rate that is current when you take delivery.