2009 M3 coupe at 3.9%?

xrayos · 11-04-2008, 11:49 AM

Is this true? or is it lower?

duk · 11-04-2008, 03:16 PM

i wish!!

nyc_dude · 11-04-2008, 03:31 PM

Yes, BMW CA in LA confirmed new Financing Deals on 2009 M3's at 3.9% for 5 years. 6 years is still 6.99%.

And the 2008 M3 0.9% deal has been extended into Infinity or Dec 31st.

Picking up the new 2009 M3 whip tomorrow and will get this new rate.
It was ready on Oct. 31, but I waited knowing something was coming.

Economy tanked between the time the car was ordered in September 2008 and it arrived last week, late October 2008.

Cheers,

jaay11 · 11-04-2008, 05:15 PM

Quote:

Originally Posted by nyc_dude

Yes, BMW CA in LA confirmed new Financing Deals on 2009 M3's at 3.9% for 5 years.

cipri · 11-04-2008, 05:54 PM

4.49% 5 yrs with Bank of America

Ali.K_BMW · 11-04-2008, 05:58 PM

3.9% is correct. enjoy everyone.!!!!

jaay11 · 11-04-2008, 06:03 PM

Quote:

Originally Posted by trackfiend

3.9% is correct. enjoy everyone.!!!!

Thanks....I think this sealed the deal for me.

808MGuy · 11-04-2008, 06:06 PM

Does it still have the balloon payment attached to it? Not worth it if it does. I got 2.49% for 5 yrs from my local credit union. I'm sure you can find deals for under or close to 4% with no balloon payment.

Sedan_Clan · 11-04-2008, 07:09 PM

Quote:

Originally Posted by HIS4

Does it still have the balloon payment attached to it? Not worth it if it does. I got 2.49% for 5 yrs from my local credit union. I'm sure you can find deals for under or close to 4% with no balloon payment.

This is where the confusion starts. The low interest rates are available with traditional financing as well as BMW's special finance options.

nullspace · 11-04-2008, 07:11 PM

Quote:

Originally Posted by HIS4

Does it still have the balloon payment attached to it? Not worth it if it does. I got 2.49% for 5 yrs from my local credit union. I'm sure you can find deals for under or close to 4% with no balloon payment.

As long as there is no prepayment penalty, having a balloon payment doesn't really matter, does it? You can just overpay as if you had no balloon payment and in the end it will cost the same.

In any case, I looked at all the credit unions I could find in LA, and the best advertised rate I found was 4.5%. If BMW offers 3.9%, I might consider financing the car instead of just paying cash. I think even in this economy I could beat 3.9% over 5 years.

Sedan_Clan · 11-04-2008, 07:34 PM

Quote:

Originally Posted by nullspace

As long as there is no prepayment penalty, having a balloon payment doesn't really matter, does it? You can just overpay as if you had no balloon payment and in the end it will cost the same.

+2

jaay11 · 11-04-2008, 07:48 PM

True about balloons. Just put that money in a long term CD earning more than 3.9.......that is my plan.

White Shark · 11-04-2008, 07:48 PM

Quote:

Originally Posted by nyc_dude

Yes, BMW CA in LA confirmed new Financing Deals on 2009 M3's at 3.9% for 5 years. 6 years is still 6.99%.

And the 2008 M3 0.9% deal has been extended into Infinity or Dec 31st.

Picking up the new 2009 M3 whip tomorrow and will get this new rate.
It was ready on Oct. 31, but I waited knowing something was coming.

Economy tanked between the time the car was ordered in September 2008 and it arrived last week, late October 2008.

Cheers,

Thanks for good info !!

Ali.K_BMW · 11-04-2008, 08:32 PM

the lease rates are standard. the 3.9 only applies to 60 months.

rmmcdaniel · 11-04-2008, 08:33 PM

This is awesome! I pick-up my '09 E90 M3 on Thur!

Ali.K_BMW · 11-04-2008, 08:46 PM

congrats dude.

mspeed · 11-04-2008, 10:11 PM

so does the 3.9 on 2009s have the balloon payment?

the financing is based on the amount minus the balloon payment ?

nyc_dude · 11-04-2008, 10:23 PM

BMW Select is the financing option to have a Balloon Payment at the end of the Loan...almost like a lease.

Has nothing to do with the APR Rate charged.

Cheers,

808MGuy · 11-05-2008, 01:23 AM

Quote:

Originally Posted by nyc_dude

BMW Select is the financing option to have a Balloon Payment at the end of the Loan...almost like a lease.

Has nothing to do with the APR Rate charged.

Cheers,

All the 0.9% financing options were with the balloon payment. That's why I ask. It was a teaser rate along with a teaser monthly payment to entice those who normally wouldn't be able to afford it to move into an M3. Now if you already could afford it and can be disciplined enough to make the extra payments or have the cash to drop on the balloon at the end of the term, then by all means, do it.

xrayos · 11-05-2008, 10:19 AM

actually, the 0.9% is with regular 5yr payments. it doesn't matter if it's balloon or not.

Sedan_Clan · 11-05-2008, 12:36 PM

Quote:

Originally Posted by HIS4

All the 0.9% financing options were with the balloon payment. That's why I ask. It was a teaser rate along with a teaser monthly payment to entice those who normally wouldn't be able to afford it to move into an M3. Now if you already could afford it and can be disciplined enough to make the extra payments or have the cash to drop on the balloon at the end of the term, then by all means, do it.

Your assertion is largely incorrect!

Quote:

Originally Posted by xrayos

actually, the 0.9% is with regular 5yr payments. it doesn't matter if it's balloon or not.

+2

I alluded to this after HIS4 made a similar comment earlier. The 0.9% was available with traditional 5yr financing as well.

808MGuy · 11-05-2008, 12:40 PM

Quote:

Originally Posted by Sedan_Clan

Your assertion is largely incorrect!

+2

I alluded to this after HIS4 made a similar comment earlier. The 0.9% was available with traditional 5yr financing as well.

My mistake. I never looked into it that far since I was getting an 09 anyway so the 0.9% wasn't applicable to me.

11-04-2008, 11:49 AM	#1
xrayos Second Lieutenant 16 Rep 275 Posts Drives: '09 M3 AW/BLK Join Date: Sep 2008 Location: New England iTrader: (2)	2009 M3 coupe at 3.9%? Is this true? or is it lower?
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11-04-2008, 03:16 PM	#2
duk ///M 158 Rep 3,195 Posts Drives: 2011 AW/FR 6MT E92 Join Date: Jun 2007 Location: Irvine, CA iTrader: (0)	i wish!! __________________ 2011.5 AW/FR E92 M3 6MT
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11-04-2008, 03:31 PM	#3
nyc_dude Captain 403 Rep 754 Posts Drives: 09 //M3 e90 Interlagos Blue Join Date: Jan 2008 Location: Los Angeles iTrader: (0) Garage List 2015 BMW F30 335i M ... [0.00] 2009 BMW //M3 [0.00]	Yes, BMW CA in LA confirmed new Financing Deals on 2009 M3's at 3.9% for 5 years. 6 years is still 6.99%. And the 2008 M3 0.9% deal has been extended into Infinity or Dec 31st. Picking up the new 2009 M3 whip tomorrow and will get this new rate. It was ready on Oct. 31, but I waited knowing something was coming. Economy tanked between the time the car was ordered in September 2008 and it arrived last week, late October 2008. Cheers,
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11-04-2008, 05:54 PM	#5
cipri Q3D 110 Rep 455 Posts Drives: F80 M3 Join Date: Sep 2008 Location: Daytona iTrader: (0) Garage List 2015 F80 M3 [0.00] 2009 E92 M3 6MT [0.00]	4.49% 5 yrs with Bank of America
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11-04-2008, 05:58 PM	#6
Ali.K_BMW Colonel 111 Rep 2,164 Posts Drives: 2020 BMW 330i xDrive Join Date: Aug 2008 Location: United States iTrader: (7) Garage List 2013 BMW 335i [0.00]	3.9% is correct. enjoy everyone.!!!!
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11-04-2008, 06:06 PM	#8
808MGuy Colonel 221 Rep 2,339 Posts Drives: 2009 E90 M3 Join Date: Jun 2008 Location: Oahu, Hawaii iTrader: (3)	Does it still have the balloon payment attached to it? Not worth it if it does. I got 2.49% for 5 yrs from my local credit union. I'm sure you can find deals for under or close to 4% with no balloon payment.
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11-04-2008, 07:48 PM	#12
jaay11 Second Lieutenant 17 Rep 279 Posts Drives: 2012 550i Dinan 2 Join Date: Oct 2008 Location: LA iTrader: (0)	True about balloons. Just put that money in a long term CD earning more than 3.9.......that is my plan.
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11-04-2008, 08:32 PM	#14
Ali.K_BMW Colonel 111 Rep 2,164 Posts Drives: 2020 BMW 330i xDrive Join Date: Aug 2008 Location: United States iTrader: (7) Garage List 2013 BMW 335i [0.00]	the lease rates are standard. the 3.9 only applies to 60 months.
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11-04-2008, 08:33 PM	#15
rmmcdaniel Second Lieutenant 7 Rep 247 Posts Drives: '09 E90 M3 Join Date: Feb 2008 Location: Chicago & SF iTrader: (0)	This is awesome! I pick-up my '09 E90 M3 on Thur! __________________ 2009 E90 M3 - Silverstone/Fox Red - M-DCT, CW, PP, TP, 19", Moonroof, Sunshades, PDC, Enhanced Prem Sound, HD Radio, Sat, iPod, Smartphone Integration
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11-04-2008, 08:46 PM	#16
Ali.K_BMW Colonel 111 Rep 2,164 Posts Drives: 2020 BMW 330i xDrive Join Date: Aug 2008 Location: United States iTrader: (7) Garage List 2013 BMW 335i [0.00]	congrats dude.
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11-04-2008, 10:11 PM	#17
mspeed Private 11 Rep 70 Posts Drives: 2006 M3 CSL wannabe Join Date: Jan 2007 Location: LA - OC iTrader: (0)	so does the 3.9 on 2009s have the balloon payment? the financing is based on the amount minus the balloon payment ?
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11-04-2008, 10:23 PM	#18
nyc_dude Captain 403 Rep 754 Posts Drives: 09 //M3 e90 Interlagos Blue Join Date: Jan 2008 Location: Los Angeles iTrader: (0) Garage List 2015 BMW F30 335i M ... [0.00] 2009 BMW //M3 [0.00]	BMW Select is the financing option to have a Balloon Payment at the end of the Loan...almost like a lease. Has nothing to do with the APR Rate charged. Cheers,
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11-05-2008, 10:19 AM	#20
xrayos Second Lieutenant 16 Rep 275 Posts Drives: '09 M3 AW/BLK Join Date: Sep 2008 Location: New England iTrader: (2)	actually, the 0.9% is with regular 5yr payments. it doesn't matter if it's balloon or not.
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