Think 0.9% will make a return this year?

AMPowerJ · 01-31-2009, 08:36 PM

I plan to order a E90 M3 in the next few months but I am thinking about waiting a while to see if the .9% rate makes a return. When was it introduced last year and do you think it will come back around?

kiloil · 01-31-2009, 09:14 PM

I didn't think it was ever .9%?

duk · 01-31-2009, 09:36 PM

yes it hit .9% for 2008s in december

MrHarris · 02-01-2009, 05:26 AM

It hit in mid october..

AMPowerJ · 02-01-2009, 07:17 AM

I ran some numbers last night and the difference between 2.9% and .9% is only about $50 a month so it isn't a huge deal just more psychological I guess.

duk · 02-01-2009, 08:50 AM

$50 is a tank of gas!

Technic · 02-01-2009, 09:20 AM

Quote:

Originally Posted by AMPowerJ

I ran some numbers last night and the difference between 2.9% and .9% is only about $50 a month so it isn't a huge deal just more psychological I guess.

I guess that you are a Wall Street or a Bank executive...

Kev · 02-01-2009, 09:25 AM

Quote:

Originally Posted by AMPowerJ

I ran some numbers last night and the difference between 2.9% and .9% is only about $50 a month so it isn't a huge deal just more psychological I guess.

Over the life time of the loan, it adds up. That's 3 grand that you could have used else where like a set of nice wheels or exhaust + pulley + software from AA.

Quote:

Originally Posted by duk

$50 is a tank of gas!

speaking like a true driving enthusiast

Quote:

Originally Posted by Technic

I guess that you are a Wall Street or a Bank executive...

seriously

in13 · 02-01-2009, 10:12 AM

Are the lease #'s (residuals and money factors) supposed to be adjusted monthly?

ygfamily21 · 02-01-2009, 12:37 PM

Quote:

Originally Posted by duk

$50 is a tank of gas!

lincoln · 02-01-2009, 02:48 PM

If you wait, you could also buy used because they're getting cheaper by the day. But seriously, you'll wait and the 2010 model will have something and you won't want the 09 that's offering the .9%. When will the cycle end? LOL

M3WC · 02-01-2009, 04:01 PM

Quote:

Originally Posted by MrHarris

It hit in mid october..

At the earliest.

End of the year is when you will see the lower rates.

They have to give incentives to move 09 models left on the lot.

RCKe90 · 02-01-2009, 04:24 PM

Quote:

Originally Posted by Technic

I guess that you are a Wall Street or a Bank executive...

You mean the unemployed wall street or bank execs?

If $50 is a big difference than you shouldn't own this car or any car in this price range. However, I can understand the OP's point, I wouldn't mind saving $50/month if I could.

Jerktown · 02-01-2009, 05:34 PM

Quote:

Originally Posted by RCKe90

You mean the unemployed wall street or bank execs?

If $50 is a big difference than you shouldn't own this car or any car in this price range. However, I can understand the OP's point, I wouldn't mind saving $50/month if I could.

It works out to around $4,000 for a 60mo loan at MSRP including tax and common options packages. You see people here haggling like crazy trying to get down to invoice+$500 from an invoice+$750 offer, which is trivial compared to the difference between 0.9% and 2.9% - think of it as the difference between the car costing $69,000 and $65,000. Both are expensive, but yes, there are plenty of people who can afford an M3 who still aren't going to wipe their ass with 4 grand.

CraZee M3 · 02-01-2009, 06:43 PM

no .9 on 09s until late this year.
2.9 yes

FStop7 · 02-02-2009, 12:36 AM

Quote:

Originally Posted by Technic

I guess that you are a Wall Street or a Bank executive...

If another $50 a month on a $60-$70k car is a huge deal then you can't afford the car.

Quote:

Over the life time of the loan, it adds up. That's 3 grand that you could have used else where like a set of nice wheels or exhaust + pulley + software from AA.

Again. If 3 grand over 5 years on a 60-70k purchase is a deal breaker then you're out of your league to start with. not saying "you" are, speaking generally. If your margin of affordability is so thin that +$50 a month is "huge" then you're already way over extended.

Irb Digital · 02-02-2009, 03:47 AM

You guys are hilarious. $50 is a big difference to me. Is $50 going to break my bank? No, but if I play a scratch off and win $50, it's a damn good day. It's a tank a gas, an xbox game, a damn good steak at a fancy restaurant, a night with my wife and kids at the movies, etc.... .9 APR means I pay around a $1 a day in interest. That interest rate might be the difference in you being upside down, or in the positive when you're ready to get rid of the car. Jerktown doesn't wipe his ass with $4k, and I damn sure don't piss on $50. I like money in MY pocket not someone else's. If I keep guarding those $50's, I might be able to afford a used Scud one day

Kev · 02-02-2009, 07:14 AM

Quote:

Originally Posted by FStop7

Again. If 3 grand over 5 years on a 60-70k purchase is a deal breaker then you're out of your league to start with. not saying "you" are, speaking generally. If your margin of affordability is so thin that +$50 a month is "huge" then you're already way over extended.

To each his own. To me in this economy, every single bit matters. If I could have used the money now to get some nice performance mods for my car from the money that I saved from financing, why wouldn't I want to do it? It's not about affordability or whether it's out of one's league or not. It's real cash that you have saved that could have put into good use in your car, or as Irb suggested, with your beloved family.

Technic · 02-02-2009, 07:36 AM

Quote:

Originally Posted by RCKe90

You mean the unemployed wall street or bank execs?

If $50 is a big difference than you shouldn't own this car or any car in this price range. However, I can understand the OP's point, I wouldn't mind saving $50/month if I could.

Well, $50 a month it is a big difference if it is my money, regardless of being this car an M3 or not. If somebody else wants to give that money to the banks then that's their problem, not mine.

I never understood the imbecility of some people when they try to tell others that they should pay whatever amount without any complaint -much less what they can or cannot afford- just because it looks good.

adc · 02-02-2009, 03:49 PM

The OP has a similar dilemma as I: do we wait in the hopes that .9% comes back later in the year, or do we pull the trigger when we actually want or need the car?

For example, I want to go in July for Euro Delivery - do I wait and get an 09 model in the fall, or do I get it in the summer and realize my dream vacation?

I'd much rather keep the $50 in my pocket if possible, but at the same time waiting for a car until Sept/Oct/Nov can pose some difficult logistics problems (my lease expires in May).

Sedan_Clan · 02-02-2009, 03:54 PM

Quote:

Originally Posted by Technic

Well, $50 a month it is a big difference if it is my money, regardless of being this car an M3 or not. If somebody else wants to give that money to the banks then that's their problem, not mine.

I never understood the imbecility of some people when they try to tell others that they should pay whatever amount without any complaint -much less what they can or cannot afford- just because it looks good.

+3

....I'll try to save as much as I can.

Technic · 02-02-2009, 04:28 PM

Quote:

Originally Posted by adc

The OP has a similar dilemma as I: do we wait in the hopes that .9% comes back later in the year, or do we pull the trigger when we actually want or need the car?

For example, I want to go in July for Euro Delivery - do I wait and get an 09 model in the fall, or do I get it in the summer and realize my dream vacation?

I'd much rather keep the $50 in my pocket if possible, but at the same time waiting for a car until Sept/Oct/Nov can pose some difficult logistics problems (my lease expires in May).

If the recent dealer prices for MY2009 M3 that I saw in two of my local BMW dealers told me something ($4000 below sticker in a couple of M-DCT coupes just posted in their windows) it was that they are hurting and BMWNA will have to come up with additional incentives not only to clear the 513 unsold new MY2008 M3 at dealer's lots (according to Autotrader) but to move whatever MY2009 M3 are already here.

That could mean, trunk money and .9% again for the 2009 by late spring/early summer, IMO...

01-31-2009, 08:36 PM	#1
AMPowerJ One mod leads to another ... 415 Rep 2,900 Posts Drives: 2014 F10 M5 Join Date: Apr 2008 Location: Blythewood, SC iTrader: (10)	Think 0.9% will make a return this year? I plan to order a E90 M3 in the next few months but I am thinking about waiting a while to see if the .9% rate makes a return. When was it introduced last year and do you think it will come back around? __________________ Current: 2014 F10 M5 Previous: 2015 F80 M3, 2013 E92 M3, 2013 F10 M5, 2009 E90 M3, 1998 E36 M3
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01-31-2009, 09:14 PM	#2
kiloil Second Lieutenant 21 Rep 294 Posts Drives: 2015 M4 Join Date: Oct 2008 Location: USA iTrader: (0)	I didn't think it was ever .9%?
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01-31-2009, 09:36 PM	#3
duk ///M 158 Rep 3,195 Posts Drives: 2011 AW/FR 6MT E92 Join Date: Jun 2007 Location: Irvine, CA iTrader: (0)	yes it hit .9% for 2008s in december __________________ 2011.5 AW/FR E92 M3 6MT
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02-01-2009, 05:26 AM	#4
MrHarris yodog 197 Rep 5,026 Posts Drives: '86 Corolla Join Date: Jun 2007 Location: Diamond Bar, Ca iTrader: (5) Garage List 2009 BMW [10.00]	It hit in mid october.. __________________ 2009 E92 M3 \| Alpine White \| Black Extended \| Advan RS \| Turner Test Pipes \| Dinan Axle-Back \| OETuning \| Eibach Springs \| UUC SSK \| VRS Front Lip \| VRS Type I Diffuser \| Matte Black \| RPi Scoops \| MS Filter \| Yokohama AD08 \| F1 Pinnacle Special Thanks: Gintani \| OETuning \| eAs
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02-01-2009, 07:17 AM	#5
AMPowerJ One mod leads to another ... 415 Rep 2,900 Posts Drives: 2014 F10 M5 Join Date: Apr 2008 Location: Blythewood, SC iTrader: (10)	I ran some numbers last night and the difference between 2.9% and .9% is only about $50 a month so it isn't a huge deal just more psychological I guess. __________________ Current: 2014 F10 M5 Previous: 2015 F80 M3, 2013 E92 M3, 2013 F10 M5, 2009 E90 M3, 1998 E36 M3
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02-01-2009, 08:50 AM	#6
duk ///M 158 Rep 3,195 Posts Drives: 2011 AW/FR 6MT E92 Join Date: Jun 2007 Location: Irvine, CA iTrader: (0)	$50 is a tank of gas! __________________ 2011.5 AW/FR E92 M3 6MT
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02-01-2009, 10:12 AM	#9
in13 Private 2 Rep 50 Posts Drives: 330i Join Date: Nov 2006 Location: Southeast iTrader: (0)	Are the lease #'s (residuals and money factors) supposed to be adjusted monthly?
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02-01-2009, 02:48 PM	#11
lincoln Lieutenant 19 Rep 432 Posts Drives: 2009 Melbourne Red Coupe - DCT Join Date: Jan 2009 Location: Seattle (Puyallup) iTrader: (0)	If you wait, you could also buy used because they're getting cheaper by the day. But seriously, you'll wait and the 2010 model will have something and you won't want the 09 that's offering the .9%. When will the cycle end? LOL __________________ 2009 Melbourne Red DCT \| Black Interior \| Carbon Fiber Trim \| Carbon Fiber Roof \| Cold Weather \| Premium \| Technology \| 19's \| Smartphone Integration \| iPod \|
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02-01-2009, 06:43 PM	#15
CraZee M3 Private First Class 16 Rep 145 Posts Drives: 09 E90 M3 DCT Join Date: Jan 2009 Location: NYC iTrader: (0)	no .9 on 09s until late this year. 2.9 yes
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02-02-2009, 03:47 AM	#17
Irb Digital Lieutenant 13 Rep 458 Posts Drives: ///M E90 MANual Jerez Join Date: Aug 2008 Location: FL iTrader: (0)	You guys are hilarious. $50 is a big difference to me. Is $50 going to break my bank? No, but if I play a scratch off and win $50, it's a damn good day. It's a tank a gas, an xbox game, a damn good steak at a fancy restaurant, a night with my wife and kids at the movies, etc.... .9 APR means I pay around a $1 a day in interest. That interest rate might be the difference in you being upside down, or in the positive when you're ready to get rid of the car. Jerktown doesn't wipe his ass with $4k, and I damn sure don't piss on $50. I like money in MY pocket not someone else's. If I keep guarding those $50's, I might be able to afford a used Scud one day __________________ WAR Hammy/McLaren F1 WDC 2010
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02-02-2009, 03:49 PM	#20
adc Major General 2750 Rep 6,759 Posts Drives: 2018 F80 M3 ED Join Date: Sep 2006 Location: MD/DC iTrader: (12)	The OP has a similar dilemma as I: do we wait in the hopes that .9% comes back later in the year, or do we pull the trigger when we actually want or need the car? For example, I want to go in July for Euro Delivery - do I wait and get an 09 model in the fall, or do I get it in the summer and realize my dream vacation? I'd much rather keep the $50 in my pocket if possible, but at the same time waiting for a car until Sept/Oct/Nov can pose some difficult logistics problems (my lease expires in May).
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