06-06-2011, 05:26 PM | #1 |
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Garage List 2018 I01 i3s | CURRENT [0.00]
2018 G01 X3 | CURRENT [0.00] 2017 I01 i3 | SOLD [0.00] 2017 F48 X1 | SOLD ... [0.00] 2016 I01 i3 | SOLD [0.00] 2017 F22 M240 | SOLD [8.00] 2016 F25 X3 diesel ... [0.00] 2006 E60 550 | SOLD [6.00] 2011 E90 335 | SOLD [8.66] 2012 E82 135 | SOLD [5.50] 2011 E82 1M | SOLD [7.94] 2007 E85 Z4M| SOLD [4.50] 2003 E53 X5 4.6is S ... [9.00] 2008 E92 328 | SOLD [0.00] 2008 E82 135 | SOLD [0.00] 2008 E90 335 | SOLD [0.00] 2003 E46 M3 | SOLD [7.50] 2006 E90 330 | SOLD [10.00] 2003 E46 330ZHP | SOLD [0.00] |
Anybody done BMW select on their 1M?
waiting on an answer from my SA on rates and residuals. Pentagon Federal's isnt too bad @ 2.74% for 60 months, payment came out to be 687$/month for 0 down on total loan of 54k
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06-06-2011, 05:32 PM | #2 | |
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Quote:
You forgot to say it was a lease and provide the terms.
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... a glorious V8 that screamed and hollered as the revs rose and then howled in an orgy of what sounded like BDSM ecstasy as it neared the red line.
Well, you can forget all that. The new car is fitted with a turbocharged straight six. Turbocharging? In an M car? That’s like putting gravy on an ice cream. - Jeremy Clarkson, discussing the S65 and then S55 M3 engines. |
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06-06-2011, 05:42 PM | #3 |
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Garage List 2018 I01 i3s | CURRENT [0.00]
2018 G01 X3 | CURRENT [0.00] 2017 I01 i3 | SOLD [0.00] 2017 F48 X1 | SOLD ... [0.00] 2016 I01 i3 | SOLD [0.00] 2017 F22 M240 | SOLD [8.00] 2016 F25 X3 diesel ... [0.00] 2006 E60 550 | SOLD [6.00] 2011 E90 335 | SOLD [8.66] 2012 E82 135 | SOLD [5.50] 2011 E82 1M | SOLD [7.94] 2007 E85 Z4M| SOLD [4.50] 2003 E53 X5 4.6is S ... [9.00] 2008 E92 328 | SOLD [0.00] 2008 E82 135 | SOLD [0.00] 2008 E90 335 | SOLD [0.00] 2003 E46 M3 | SOLD [7.50] 2006 E90 330 | SOLD [10.00] 2003 E46 330ZHP | SOLD [0.00] |
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06-06-2011, 05:45 PM | #4 |
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Uhhhhh that doesn't seem too good at all.
25%-30% Residual value after 5 years? I am assuming that was a lease payment, since $687 x 60 is $41220. keep us posted, miiipilot
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06-06-2011, 05:51 PM | #5 |
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I didn't realize that "Pentagon Federal" was offering BMW Select financing. I assumed that was only via BMWFS.
That's why I figured it was a lease. In any event, lease or balloon, we don't have enough info to know if it's a good or bad deal.
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... a glorious V8 that screamed and hollered as the revs rose and then howled in an orgy of what sounded like BDSM ecstasy as it neared the red line.
Well, you can forget all that. The new car is fitted with a turbocharged straight six. Turbocharging? In an M car? That’s like putting gravy on an ice cream. - Jeremy Clarkson, discussing the S65 and then S55 M3 engines. |
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06-06-2011, 05:56 PM | #6 |
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Garage List 2018 I01 i3s | CURRENT [0.00]
2018 G01 X3 | CURRENT [0.00] 2017 I01 i3 | SOLD [0.00] 2017 F48 X1 | SOLD ... [0.00] 2016 I01 i3 | SOLD [0.00] 2017 F22 M240 | SOLD [8.00] 2016 F25 X3 diesel ... [0.00] 2006 E60 550 | SOLD [6.00] 2011 E90 335 | SOLD [8.66] 2012 E82 135 | SOLD [5.50] 2011 E82 1M | SOLD [7.94] 2007 E85 Z4M| SOLD [4.50] 2003 E53 X5 4.6is S ... [9.00] 2008 E92 328 | SOLD [0.00] 2008 E82 135 | SOLD [0.00] 2008 E90 335 | SOLD [0.00] 2003 E46 M3 | SOLD [7.50] 2006 E90 330 | SOLD [10.00] 2003 E46 330ZHP | SOLD [0.00] |
pentagon federal's program is called payment saver auto loan.
bmwfs's is called bmw select. they are both the same thing, balloon finance. https://www.penfed.org/productsAndRa...SaverLoans.asp lease rates i would imagine would be significantly higher than either programs. navy federal doesnt provide balloon finance unfortunately. |
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06-06-2011, 06:04 PM | #7 |
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I see it as basically the same thing as a lease, except the buyer takes all the value-at-resale risk, and so gets "paid" for that risk via a somewhat lower interest rate than a lease.
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... a glorious V8 that screamed and hollered as the revs rose and then howled in an orgy of what sounded like BDSM ecstasy as it neared the red line.
Well, you can forget all that. The new car is fitted with a turbocharged straight six. Turbocharging? In an M car? That’s like putting gravy on an ice cream. - Jeremy Clarkson, discussing the S65 and then S55 M3 engines. |
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06-06-2011, 06:17 PM | #8 |
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Drives: BMW i3 rex
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Garage List 2018 I01 i3s | CURRENT [0.00]
2018 G01 X3 | CURRENT [0.00] 2017 I01 i3 | SOLD [0.00] 2017 F48 X1 | SOLD ... [0.00] 2016 I01 i3 | SOLD [0.00] 2017 F22 M240 | SOLD [8.00] 2016 F25 X3 diesel ... [0.00] 2006 E60 550 | SOLD [6.00] 2011 E90 335 | SOLD [8.66] 2012 E82 135 | SOLD [5.50] 2011 E82 1M | SOLD [7.94] 2007 E85 Z4M| SOLD [4.50] 2003 E53 X5 4.6is S ... [9.00] 2008 E92 328 | SOLD [0.00] 2008 E82 135 | SOLD [0.00] 2008 E90 335 | SOLD [0.00] 2003 E46 M3 | SOLD [7.50] 2006 E90 330 | SOLD [10.00] 2003 E46 330ZHP | SOLD [0.00] |
yes theres no walk away options @ the end of the terms. i did it for my 135 and was able to sell the car for what i owed on it after 2 1/2 years. 1M values should hold better and shouldnt be a problem to sell the car after 2-3 years either.
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06-07-2011, 04:50 PM | #9 |
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Drives: BMW i3 rex
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Garage List 2018 I01 i3s | CURRENT [0.00]
2018 G01 X3 | CURRENT [0.00] 2017 I01 i3 | SOLD [0.00] 2017 F48 X1 | SOLD ... [0.00] 2016 I01 i3 | SOLD [0.00] 2017 F22 M240 | SOLD [8.00] 2016 F25 X3 diesel ... [0.00] 2006 E60 550 | SOLD [6.00] 2011 E90 335 | SOLD [8.66] 2012 E82 135 | SOLD [5.50] 2011 E82 1M | SOLD [7.94] 2007 E85 Z4M| SOLD [4.50] 2003 E53 X5 4.6is S ... [9.00] 2008 E92 328 | SOLD [0.00] 2008 E82 135 | SOLD [0.00] 2008 E90 335 | SOLD [0.00] 2003 E46 M3 | SOLD [7.50] 2006 E90 330 | SOLD [10.00] 2003 E46 330ZHP | SOLD [0.00] |
this is a FYI as of today 06.07.2011 ballon financing 411:
Penfed Payent Saver Loan: 2.74% 54k loan 0 down $691/month final payment 18k BMW FS Select: 4.9% 54k loan 0 down $719/month final payment 20k |
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06-08-2011, 07:35 AM | #10 |
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I am doing select on mine and it comes out much better than lease (just because lease rates on this car are terrible). I don't have details, but monthly payments on select is about 70-100 better than lease in my case.
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