Buying new Or after lease

[Leshik]

hey guys im getting my m3 as a birthday gift i wanted to know is it better to buy new or preowned certified? im trying to save a little money. just want ur 2 cents in this thank you. please no bashing.

[Leonardo629]

you just answered your own question...

[Dice13]

I guess you are buying you're own BD gift.

[MTROIS]

I think that your question is not in line with the title of your thread: do you want to compare: 1) new vs. used (ie CPO) or 2) buy new or lease first and then buy it at the end of the lease??

In scenario 1) : buy CPO
In scenario 2) buy new and find a good loan

[M3 Esq]

What are the interest rates for financing a CPO? Given the 1.9% for new purchases, you are may be better off buying new. If the CPO rate is much higher, it would likely offset any savings you might have on a low milage CPO. Of course, if you are paying cash, its a moot point.

[Leshik]

no im looking into buying a car financing. i just dont know which way to go getti it brand new or getting 1 bmw certified thats what im asking?

[Leshik]

ye im gonna c what are the rates. hopefully im gonna get good percent with my 700 credit score.

[richardbb85]

with 1.9% rate, buy it if you plan on keeping the car for long

[Leshik]

yes i am planning to keep it for atleast 10 years

[Leshik]

does it matter which time of year its better to buy at? like winter or summer for example?

[Dice13]

When the interest rate is right is best time,right now they are good . Or you can get it in the winter BMW push the M cars out the door and they should have pricing by then,only a joke on winter but pricing should be out by 2011.

[Leshik]

so i was planing to get it in december is that bad idea? thats what i was thinking of getting an 2010 m3 when they have already 2011 cars sitting there u know so i can get a little cheaper

[Dice13]

BTW Be ready to put large amount down, 700 may be okay but have you had very high line of credit and
also car loans for a large amount or be ready for large DOWNPAYMENT.It's a little easier if you had a BMW loan before .

[Dice13]

Originally Posted by Leshik

so i was planing to get it in december is that bad idea? thats what i was thinking of getting an 2010 m3 when they have already 2011 cars sitting there u know so i can get a little cheaper

The 2011 are out next wave will be 2011.5 comming in September. The only 2010 you will find will be used same for the 11s. Most dealers just don't keep stock on them. So chances are you are not going to walk into dealer looking for a leftover 11 or 11.5.

[Dice13]

BTW Be ready to put large amount down, 700 may be okay but have you had very high line of credit and
also car loans for a large amount or be ready for large DOWNPAYMENT.It's a little easier if you had a BMW loan before .

[Dice13]

When the interest rate is right is best time,right now they are good . Or you can get it in the winter BMW push the M cars out the door and they should have pricing by then,only a joke on winter but pricing should be out by 2011.