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      08-01-2008, 11:14 PM   #1
FrenchBoy
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Interesting Article : BMW Tries to Reduce Leases From 60% of Its U.S. Sales

BMW Tries to Reduce Leases From 60% of Its U.S. Sales

Very interesting read. Anyone knows the rate of lease vs. financing for M3s?

I wonder if the low lease rates offered on many new BMWs (such as .9%) will soon available for the M3.
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      08-01-2008, 11:38 PM   #2
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Quote:
Originally Posted by FrenchBoy View Post
BMW Tries to Reduce Leases From 60% of Its U.S. Sales

Very interesting read. Anyone knows the rate of lease vs. financing for M3s?

I wonder if the low lease rates offered on many new BMWs (such as .9%) will soon available for the M3.
As long as many people continue to get cars they can't really afford, leasing will dominate.....just my .02
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      08-02-2008, 12:09 PM   #3
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BMW took a bath

But the point is that BMW's sales were down -10% in US, profits down by about nearly -33% and they lost $373m on leases due to residuals' & credit costs' risk. If the model is broken - and credit costs have gone up - then BMW AG and the finance arm has to pare their exposure. Will reduce sales ... and they'll focus some more on Mid-East etc.

http://www.bloomberg.com/apps/news?p...JME&refer=home

I don't want to sound like an a-hole but I was warning about the credit environment, housing and high gas last year.

Hey, at least BMW's not GM which suffered the 3rd worst qtrly loss ever w/ $15.5B of red ink!
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      08-03-2008, 06:09 PM   #4
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I think the trend of vehicle leasing will be cut back in the US; however, I highly doubt that BMW will cut back on leasing as much as 60%. All the luxury brand manufacturers rely heavily on leasing because it generates repeat sales for them. I personally believe the culprit to blame is gas; which has affected new car sales, and resale value of used vehicles. That is why dealers are able to give the nice folks on this forum discounts up to 3k (so I've heard) on E90 and E92 M3. People are cautious of buying gas-wasting engines.
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