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      03-25-2008, 05:02 PM   #1
M3Newbie88
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Rates dropped for CANADA!!!!!

Good news got an email from my SR today letting me know the rates dropped

"BMW just lowered the finance and lease rates on the 1 Series.
Lease rates are 6.9% up 39 month and finance is 5.9% up 60 months."

So now I don't have to wait till May.... YES!!! whose happy even thou its not as low as we want it too but its better then the 7.75% leasing and 6.75% financing we originally got..
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      03-25-2008, 05:17 PM   #2
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Quote:
Originally Posted by 1LazyBmw View Post
Good news got an email from my SR today letting me know the rates dropped

"BMW just lowered the finance and lease rates on the 1 Series.
Lease rates are 6.9% up 39 month and finance is 5.9% up 60 months."

So now I don't have to wait till May.... YES!!! whose happy even thou its not as low as we want it too but its better then the 7.75% leasing and 6.75% financing we originally got..
Its funny that my SR also emailed me today about "A POSSIBLE RATE REDUCTION" not until June 1st. :iono:. Just be careful what they will do to the residual.
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      03-25-2008, 05:25 PM   #3
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I almost put an order in last night... good thing I decided to wait a few days.
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      03-25-2008, 05:48 PM   #4
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Well I am going over for a test drive today and talk about the numbers.. I originally wanted to finance but then decided to lease but now since the rates are down I might be able to look at financing the car again.. so we'll see...
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      03-25-2008, 05:56 PM   #5
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Quote:
Originally Posted by InOttawa View Post
I almost put an order in last night... good thing I decided to wait a few days.
you should order, you dont have to commit to anything until the car arrives...

mine has been on order... funny how the manager said 'who knows, by then the rates might drop' (in reference to my may delivery)
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      03-25-2008, 05:58 PM   #6
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Quote:
Originally Posted by 1LazyBmw View Post
Well I am going over for a test drive today and talk about the numbers.. I originally wanted to finance but then decided to lease but now since the rates are down I might be able to look at financing the car again.. so we'll see...
I hope you realise that the rate change will only lower your monthly payment by about $20 a month across 60 months.
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      03-25-2008, 05:59 PM   #7
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Quote:
Originally Posted by raisemyrent View Post
you should order, you dont have to commit to anything until the car arrives...

mine has been on order... funny how the manager said 'who knows, by then the rates might drop' (in reference to my may delivery)
Oh dont tell me it will drop again.. I was getting so happy that I didnt have to wait till May since mine will be here mid april but I was gonna wait to pick it up in May... haha
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      03-25-2008, 06:01 PM   #8
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Originally Posted by 1LazyBmw View Post
Oh dont tell me it will drop again.. I was getting so happy that I didnt have to wait till May since mine will be here mid april but I was gonna wait to pick it up in May... haha
I guarantee they will drop again, it is just a matter of when and how long you are willing to wait.
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      03-25-2008, 06:02 PM   #9
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haha no hopes here... he said that in mid/early march, and he was right I guess, but I wouldn't dare say they will drop again, in all honesty...

also, the rates drop your monthly payment by 20 bucks (which is, as I said before, one or two cheeseburger combos), but the total cost of borrowing (interest) drops by over a thousand (for me). that is always good. combine that with lump sum early payments and you're all set (in MY mind)
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      03-25-2008, 06:38 PM   #10
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I'd have to guess that with supply being as limited as it is... the rates won't drop much lower if at all for some time. I believe Canada is only receiving a very restricted supply. I heard 2500/yr, with possible decreases next year following the US's cutback (no reference on this.. feel free to correct me)
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      03-25-2008, 06:48 PM   #11
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Cuts to US volumes have nothing to do with Canadian volumes, they are making a lot more on these vehicles in Canada. Supply for this vehivle is not as limited as you think.

Everyone on here thought they were not going to lower them this quick, if at all. They will be lowered again, likely by June for sure by September.
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      03-25-2008, 07:50 PM   #12
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Quote:
Originally Posted by InOttawa View Post
I almost put an order in last night... good thing I decided to wait a few days.
Can't contain myself. Must resist. tongue biting. So much pain.
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      03-25-2008, 08:05 PM   #13
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Originally Posted by Bringinthewolf View Post
Can't contain myself. Must resist. tongue biting. So much pain.
you can order!

just make sure the car doesn't arrive right away!
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      03-25-2008, 08:06 PM   #14
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Quote:
Originally Posted by YYZATC View Post
Cuts to US volumes have nothing to do with Canadian volumes, they are making a lot more on these vehicles in Canada. Supply for this vehivle is not as limited as you think.

Everyone on here thought they were not going to lower them this quick, if at all. They will be lowered again, likely by June for sure by September.
messing with my head!

I'm LATE May delivery... so if the rates drop in early June I will kick myself...
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      03-25-2008, 08:06 PM   #15
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Sorry. Inside joke. I should have PM'd.
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      03-25-2008, 08:27 PM   #16
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So can anyone confirm that these new rates are effective immediately?
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      03-25-2008, 08:56 PM   #17
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and for how long they will last? hahaha
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      03-25-2008, 09:09 PM   #18
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Quote:
Originally Posted by loun80 View Post
So can anyone confirm that these new rates are effective immediately?
I was just at my dealership and its effective immediately and hey.. $20.00 is still money.. I can put that towards gas lol.. or a new pair of boxers that are on sale each month :thumbup:
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      03-25-2008, 09:40 PM   #19
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congratulations, eh?
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      03-25-2008, 10:29 PM   #20
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Quote:
Originally Posted by Bringinthewolf View Post
Can't contain myself. Must resist. tongue biting. So much pain.
LOL. U missed the thread were I was saying the throw of the shifter is too long.
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      03-25-2008, 10:32 PM   #21
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Originally Posted by InOttawa View Post
LOL. U missed the thread were I was saying the throw of the shifter is too long.
Welcome back on board
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      03-26-2008, 01:20 PM   #22
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I have been quoted:

6.9% 36 mos 60000 km 59% residual
6.9% 39 mos 65000 km 58% residual

This means that the reduction is an "honest" one in that they have not fiddled with the residuals at the same time. I think this puts us in line with the US leases.

This no longer offends me.
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