WTF: Lease/Finance rate decrease to 4.9 on MY'08?

kalch · 11-17-2007, 04:37 PM

Friend of mine just told me that his CA called to tell him there was a huge decrease in lease and finance rates. I'm not sure what models. Anyone else hear anything?

blueaudi18 · 11-17-2007, 04:48 PM

Quote:

Originally Posted by kalch

Friend of mine just told me that his CA called to tell him there was a huge decrease in lease and finance rates. I'm not sure what models. Anyone else hear anything?

its been 4.9 since oct...i was hoping it might drop even more for november cuase i'm picking up my car hopefully the end of the month..

blueaudi18 · 11-17-2007, 04:49 PM

i didn't realize this was in canada forum... sorry i was talking about the rate in the US. sorry...

homer · 11-17-2007, 05:19 PM

Quote:

Originally Posted by kalch

Friend of mine just told me that his CA called to tell him there was a huge decrease in lease and finance rates. I'm not sure what models. Anyone else hear anything?

I've been setting my eyes on an 08 335xi coupe for a while. The salesman called me today and told me similair things. He didn't go in detail but said the lease would save me about $50 - 60 per month or about $3000 if financed. The finance rate comes down about 1 to 2% depends on the model. The MSRP for the options I chosen comes to $61500. If the dealership is still willing to take 7% off the MSRP (which they did last time but I wanted more), I will probably go for it.

kalch · 11-17-2007, 05:55 PM

the used and leasing market on high end cars is about to crash significantly. Many many cars on leasbusters will be difficult to move, enless people are looking for shorter term leases or take advantage of someone else downpayment on lease.

The decrease prices, finance and lease rates are at incredible levels.

sparkyg · 11-18-2007, 08:06 PM

GL with 7% off. Lucky if you get more than 3%. BMW is so tight on MSRP discounts...

electricmba · 11-18-2007, 08:33 PM

Most dealers I spoke to had promotional lease rate for the 3-series, but it EXCLUDED the e92...just make sure your model qualifies. Prior to my purchase (a month ago) it was an astounding 8.9% lease rate for the 335i Coupe I was looking at.

boymonkey · 11-18-2007, 09:16 PM

Quote:

Originally Posted by electricmba

Most dealers I spoke to had promotional lease rate for the 3-series, but it EXCLUDED the e92...just make sure your model qualifies. Prior to my purchase (a month ago) it was an astounding 8.9% lease rate for the 335i Coupe I was looking at.

The lease rate for e92 is 6.9% now, for a 3 year lease, according to bmw.ca.

boymonkey · 11-18-2007, 09:18 PM

Quote:

Originally Posted by homer

I've been setting my eyes on an 08 335xi coupe for a while. The salesman called me today and told me similair things. He didn't go in detail but said the lease would save me about $50 - 60 per month or about $3000 if financed. The finance rate comes down about 1 to 2% depends on the model. The MSRP for the options I chosen comes to $61500. If the dealership is still willing to take 7% off the MSRP (which they did last time but I wanted more), I will probably go for it.

7% off? Which dealer and sales guy? I'll go for it!

iPodAddict · 11-18-2007, 09:29 PM

Quote:

Originally Posted by boymonkey

The lease rate for e92 is 6.9% now, for a 3 year lease, according to bmw.ca.

Actually the website appears to be down right now... hmmmm.....

iPodAddict · 11-18-2007, 09:53 PM

Site is back up... still shows 6.9% on the e92 coupes...

3.9% would make for a badass delivery since I'm expecting my car to come in sometime within the next few days!

sejoon85 · 11-18-2007, 10:29 PM

Hmm... definately going to give a call over to BMW tomorrow. Chance to save some money on the lease ^^

homer · 11-19-2007, 12:52 AM

Quote:

Originally Posted by boymonkey

7% off? Which dealer and sales guy? I'll go for it!

Both Brian Jessel and Parkshore BMW. About 3 weeks ago, I asked for 7% off the MSRP + 4.9% finacing. They only go as far for the 7% off but wouldn't budge on the rate which was 6.9% for the coupe.

aspiring335 · 11-19-2007, 11:21 AM

Quote:

Originally Posted by homer

Both Brian Jessel and Parkshore BMW. About 3 weeks ago, I asked for 7% off the MSRP + 4.9% finacing. They only go as far for the 7% off but wouldn't budge on the rate which was 6.9% for the coupe.

The dealership really can't negotiate on the lease rate since the lease is offered by BMW Financial Services, not the retailer.

who's ur daddy? · 11-19-2007, 12:05 PM

Quote:

Originally Posted by homer

Both Brian Jessel and Parkshore BMW. About 3 weeks ago, I asked for 7% off the MSRP + 4.9% finacing. They only go as far for the 7% off but wouldn't budge on the rate which was 6.9% for the coupe.

Perhaps they rolled in the cash rebate portion...

boymonkey · 11-19-2007, 12:43 PM

Quote:

Originally Posted by who's ur daddy?

Perhaps they rolled in the cash rebate portion...

That's what I was thinking. If the 7% already includes the rebate of $1500, then the rest of the discount is not too far from the 4% off MSRP some have gotten.

But I thought the rebate was only for cash purchases only. Not available with a lease.

aspiring335 · 11-19-2007, 12:48 PM

Quote:

Originally Posted by boymonkey

That's what I was thinking. If the 7% already includes the rebate of $1500, then the rest of the discount is not too far from the 4% off MSRP some have gotten.

But I thought the rebate was only for cash purchases only. Not available with a lease.

Yep, the rebate is for cash purchases only.

11-17-2007, 04:37 PM	#1
kalch Lieutenant 22 Rep 528 Posts Drives: Gracie:E92 335 19" S/P/FL/CA Join Date: Apr 2007 Location: TORONTO iTrader: (0)	WTF: Lease/Finance rate decrease to 4.9 on MY'08? Friend of mine just told me that his CA called to tell him there was a huge decrease in lease and finance rates. I'm not sure what models. Anyone else hear anything? __________________ E92 335 SPACE GRAY/BLK; 6MT; PREMIUM 19" SPORT PACKAGE;6FL;COMFORT ACCESS
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11-17-2007, 04:49 PM	#3
blueaudi18 Colonel 296 Rep 2,687 Posts Drives: e92 08' 335i , mb sl500 Join Date: Oct 2007 Location: boston iTrader: (25)	i didn't realize this was in canada forum... sorry i was talking about the rate in the US. sorry...
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11-17-2007, 05:55 PM	#5
kalch Lieutenant 22 Rep 528 Posts Drives: Gracie:E92 335 19" S/P/FL/CA Join Date: Apr 2007 Location: TORONTO iTrader: (0)	the used and leasing market on high end cars is about to crash significantly. Many many cars on leasbusters will be difficult to move, enless people are looking for shorter term leases or take advantage of someone else downpayment on lease. The decrease prices, finance and lease rates are at incredible levels. __________________ E92 335 SPACE GRAY/BLK; 6MT; PREMIUM 19" SPORT PACKAGE;6FL;COMFORT ACCESS
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11-18-2007, 08:06 PM	#6
sparkyg Brigadier General 142 Rep 3,523 Posts Drives: A6 Allroad Join Date: Sep 2007 Location: Oil Country iTrader: (5)	GL with 7% off. Lucky if you get more than 3%. BMW is so tight on MSRP discounts...
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11-18-2007, 08:33 PM	#7
electricmba Importer / Exporter 8 Rep 232 Posts Drives: 2007 335i Coupe (US) Join Date: Oct 2007 Location: Burlington, ON, CA iTrader: (1)	Most dealers I spoke to had promotional lease rate for the 3-series, but it EXCLUDED the e92...just make sure your model qualifies. Prior to my purchase (a month ago) it was an astounding 8.9% lease rate for the 335i Coupe I was looking at.
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11-18-2007, 09:53 PM	#11
iPodAddict Captain 28 Rep 964 Posts Drives: 335i Join Date: Sep 2007 Location: Xinpei iTrader: (0)	Site is back up... still shows 6.9% on the e92 coupes... 3.9% would make for a badass delivery since I'm expecting my car to come in sometime within the next few days!
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11-18-2007, 10:29 PM	#12
sejoon85 Captain 20 Rep 683 Posts Drives: AW e92 m3 Join Date: Sep 2007 Location: Vancouver iTrader: (1)	Hmm... definately going to give a call over to BMW tomorrow. Chance to save some money on the lease ^^
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