Some BMW Select calculations.. input please

Xaero · 01-26-2010, 01:16 PM

Can someone help make sure my calculations are correct? I am looking at the BMW Select program from a slightly different angle than what some people here have in the past. I want to assume I keep the car for 3 years and then sell it. For the calculations I am assuming I will sell the car for exactly what I owe in the BMW Select scenario. I am comparing this to outright financing in order to see the breakdown.

I have a new M3 Sedan configured at $71,175.

At 3yrs I will have spent $35,748 using the BMW Select program. Outright financing the car I will have spent $43,776, but I would be selling the car for more than I owed and would pocket some cash. The total cost difference is $6,141 in favor of financing. However on a monthly basis the BMW Select is $223 cheaper.

Is what I came up with a valid comparison? I did not factor in taxes since I don’t know how they impact the BMW Select program.

comebackid · 01-26-2010, 01:36 PM

I believe the balloon amount is 37% (With teir one credit) x MSRP. You do not factor in what your final cost for the car or down payment. That's what the dealer told me when I was going to order a 335i coupe in December.

Now with the 335IS coming out, I'm on the fence if I should go after a 6,000 - 12,000 mile fully loaded 2009 M3 instead. It will be close in price.

Now I'm curious to know if BMW Select is offered on CPO.

Beau · 01-26-2010, 04:51 PM

Not sure if you can do BMW select w a CPO. I guess you could, but I don't know if it would be a good idea for the same reason leasing a used car is a bad idea. But if you are looking to drive for 3 years and sell it (with a low monthly payment) I'd say just lease it. You can sell a lease for more than its worth if thats what you're trying to do.

corrupt23jj · 01-26-2010, 06:43 PM

I was under the assumption that the rate for BMW Select for Tier 1 credit was 66% and 34% balloon.

Quote:

Originally Posted by Beau

Not sure if you can do BMW select w a CPO. I guess you could, but I don't know if it would be a good idea for the same reason leasing a used car is a bad idea. But if you are looking to drive for 3 years and sell it (with a low monthly payment) I'd say just lease it. You can sell a lease for more than its worth if thats what you're trying to do.

I believe if it's within a year or two you can do BMW Select on a CPO, however, the max. number of months to finance is reduced from 60 months to 48.

corrupt23jj · 01-26-2010, 06:45 PM

Xaero, what if you factored in saving that $223 on monthly basis, like a savings account or something?

01-26-2010, 01:16 PM	#1
Xaero Private First Class 9 Rep 184 Posts Drives: Black 335i e92 Join Date: Jan 2010 Location: Louisiana iTrader: (0)	Some BMW Select calculations.. input please Can someone help make sure my calculations are correct? I am looking at the BMW Select program from a slightly different angle than what some people here have in the past. I want to assume I keep the car for 3 years and then sell it. For the calculations I am assuming I will sell the car for exactly what I owe in the BMW Select scenario. I am comparing this to outright financing in order to see the breakdown. I have a new M3 Sedan configured at $71,175. At 3yrs I will have spent $35,748 using the BMW Select program. Outright financing the car I will have spent $43,776, but I would be selling the car for more than I owed and would pocket some cash. The total cost difference is $6,141 in favor of financing. However on a monthly basis the BMW Select is $223 cheaper. Is what I came up with a valid comparison? I did not factor in taxes since I don’t know how they impact the BMW Select program.
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01-26-2010, 01:36 PM	#2
comebackid Lieutenant 290 Rep 515 Posts Drives: 2023 M4 Competiton, 2021 X7 Join Date: Nov 2006 Location: Northern New Jersey iTrader: (0)	I believe the balloon amount is 37% (With teir one credit) x MSRP. You do not factor in what your final cost for the car or down payment. That's what the dealer told me when I was going to order a 335i coupe in December. Now with the 335IS coming out, I'm on the fence if I should go after a 6,000 - 12,000 mile fully loaded 2009 M3 instead. It will be close in price. Now I'm curious to know if BMW Select is offered on CPO.
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01-26-2010, 04:51 PM	#3
Beau Enlisted Member 0 Rep 34 Posts Drives: BMW Join Date: Nov 2009 Location: LA iTrader: (0)	Not sure if you can do BMW select w a CPO. I guess you could, but I don't know if it would be a good idea for the same reason leasing a used car is a bad idea. But if you are looking to drive for 3 years and sell it (with a low monthly payment) I'd say just lease it. You can sell a lease for more than its worth if thats what you're trying to do.
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01-26-2010, 06:45 PM	#5
corrupt23jj Private First Class 3 Rep 136 Posts Drives: E92 M3 Join Date: Jun 2008 Location: Porn Valley iTrader: (0)	Xaero, what if you factored in saving that $223 on monthly basis, like a savings account or something? __________________
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