BMW finance?

harpoon · 06-25-2008, 05:31 AM

Hi all,

just wondering if anyone here has ever used BMW finance to finance/lease their cars?

I am probably leasing through work but all this guaranteed buyback talk is somewhat enticing. I haven't crunched the numbers yet but just wondering if anyone can shed some light on whether its worthwhile?

cheers

spdrcr · 06-25-2008, 07:10 AM

Anything with guaranteed buyback either has the risk built into the price or is based on a residual low enough to guarantee a profit to the funder based on the term / agreed km limit.

You don't get something for nothing.

BMWDave · 06-25-2008, 07:26 AM

I have BMW finance but not any of this guaranteed buy back stuff. I have a balloon at the end of my finance period but that isn't any form of guaranteed residual value, it's an amount that I either have to pay out or refinance upon expiration of my finance.

Zuzu · 06-25-2008, 07:30 AM

Thats true spdrcr.

I have used BMW finance for some time now. There rates are very competitive and there are no hidden broker or admin fees.

Would never take up the guaranteed buy back due to the very low residual offered on that type of finance.

I am lucky to do 10k km's per year so my trade in value is always good.

Kris · 06-25-2008, 04:47 PM

I'm using BMW finance also, no buy back... Hoping for low kms and good condition to not lose that much money..

cozza · 06-25-2008, 05:47 PM

Is 5 years with a 45% balloon a reasonable option to go for, or is 45% wishful thinking?

EINSER M · 06-25-2008, 05:54 PM

I used BMW FS for 7 BMW's but the last one (the 135) went to Pentagon Federal for obvious reasons. BMW FS however has stellar customer service, when I totalled my E90 they fought the insurance for me to get me a payoff above and beyond the car's value. IF BMW FS rates stay competitive enough, use them!

1POINT9 · 06-25-2008, 06:00 PM

I second kirkx5m.. If the rates are reasonable then use BMWFS.

The service is truly outstanding. Ultimate Pay option at no charge is fantastic. I used them for my Cooper S and my Z3.
I hope to use them again with my 135.

WAY · 06-25-2008, 07:08 PM

Does anyone know if the lease is transferable with BMW Finance? That could be attractive to me in the future as I financed the 135i under my business but may want to transfer to myself in the future but may not want to pay out on it.

Zuzu · 06-25-2008, 07:17 PM

Quote:

Originally Posted by cozza

Is 5 years with a 45% balloon a reasonable option to go for, or is 45% wishful thinking?

Depends on your K's Cory..:iono:
I normally go 4 years 45% balloon but I average about 8K km's per year and still come out in front on the trade-in.

WAY · 06-25-2008, 07:20 PM

I went for 4 years 30%. It's my company car so I am trying to minimise the residual so that I can sell it to myself cheap later on without looking too suss. Lol.

CeeJay · 06-25-2008, 08:18 PM

I too have used BMW finance. My business normally deals with Esanda for all car purchases but BMW slightly bettered the rates offered by Esanda.
That's also without the hefty early payout figure penalty quoted from Esanda being taken into consideration.
Found the BMW insurance very competitive as well.

sparoz · 06-26-2008, 01:05 AM

I am using them for both my cars, and they usually have the best rates. If not you can always negotiate with them!

06-25-2008, 05:31 AM	#1
harpoon Lieutenant 12 Rep 440 Posts Drives: e92 M3 Join Date: May 2008 Location: Syd iTrader: (1)	BMW finance? Hi all, just wondering if anyone here has ever used BMW finance to finance/lease their cars? I am probably leasing through work but all this guaranteed buyback talk is somewhat enticing. I haven't crunched the numbers yet but just wondering if anyone can shed some light on whether its worthwhile? cheers __________________ E92 M3
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06-25-2008, 07:10 AM	#2
spdrcr First Lieutenant 13 Rep 356 Posts Drives: Lotus Elise Join Date: Mar 2007 Location: Sydney, Australia iTrader: (0)	Anything with guaranteed buyback either has the risk built into the price or is based on a residual low enough to guarantee a profit to the funder based on the term / agreed km limit. You don't get something for nothing.
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06-25-2008, 07:26 AM	#3
BMWDave Totally Add1cted 17 Rep 503 Posts Drives: X1 Xdrive23d Join Date: May 2008 Location: Perth, Australia iTrader: (1) Garage List 2011 BMW X1 23d [7.66]	I have BMW finance but not any of this guaranteed buy back stuff. I have a balloon at the end of my finance period but that isn't any form of guaranteed residual value, it's an amount that I either have to pay out or refinance upon expiration of my finance. __________________ Proud new owner of a X1 23d in Jet Black
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06-25-2008, 07:30 AM	#4
Zuzu Major General 2816 Rep 7,637 Posts Drives: M2C HS 6MT Join Date: Mar 2008 Location: Sydney Australia iTrader: (0)	Thats true spdrcr. I have used BMW finance for some time now. There rates are very competitive and there are no hidden broker or admin fees. Would never take up the guaranteed buy back due to the very low residual offered on that type of finance. I am lucky to do 10k km's per year so my trade in value is always good.
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06-25-2008, 04:47 PM	#5
Kris Colonel 123 Rep 2,295 Posts Drives: m3 Join Date: Jun 2008 Location: USOFA iTrader: (0)	I'm using BMW finance also, no buy back... Hoping for low kms and good condition to not lose that much money..
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06-25-2008, 05:47 PM	#6
cozza ///Mthusiast 136 Rep 1,751 Posts Drives: M135i (March delivery) Join Date: Jul 2007 Location: Melbourne, Australia iTrader: (0)	Is 5 years with a 45% balloon a reasonable option to go for, or is 45% wishful thinking? __________________ ///M135i: AUTO \| ALPINE WHITE \| CORAL RED LEATHER \| HEATED SEATS \| SUNROOF \| NAV \| DAB TUNER \| HARMAN KARDON \| PERFORMANCE BITS 'N' PIECES
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06-25-2008, 05:54 PM	#7
EINSER M Major General 377 Rep 5,730 Posts Drives: BMW i3 rex Join Date: May 2006 Location: SoCal iTrader: (44) 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]	I used BMW FS for 7 BMW's but the last one (the 135) went to Pentagon Federal for obvious reasons. BMW FS however has stellar customer service, when I totalled my E90 they fought the insurance for me to get me a payoff above and beyond the car's value. IF BMW FS rates stay competitive enough, use them!
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06-25-2008, 06:00 PM	#8
1POINT9 Enlisted Member 2 Rep 42 Posts Drives: Z3/JCW Mini/328i NO AUTOMATICS Join Date: Nov 2008 Location: Newtown, PA iTrader: (0)	I second kirkx5m.. If the rates are reasonable then use BMWFS. The service is truly outstanding. Ultimate Pay option at no charge is fantastic. I used them for my Cooper S and my Z3. I hope to use them again with my 135.
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06-25-2008, 07:08 PM	#9
WAY Brigadier General 458 Rep 4,822 Posts Drives: Fast ones Join Date: Jul 2007 Location: Melbourne, Australia iTrader: (0)	Does anyone know if the lease is transferable with BMW Finance? That could be attractive to me in the future as I financed the 135i under my business but may want to transfer to myself in the future but may not want to pay out on it.
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06-25-2008, 07:20 PM	#11
WAY Brigadier General 458 Rep 4,822 Posts Drives: Fast ones Join Date: Jul 2007 Location: Melbourne, Australia iTrader: (0)	I went for 4 years 30%. It's my company car so I am trying to minimise the residual so that I can sell it to myself cheap later on without looking too suss. Lol.
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06-25-2008, 08:18 PM	#12
CeeJay Private 0 Rep 76 Posts Drives: Join Date: May 2008 iTrader: (0)	I too have used BMW finance. My business normally deals with Esanda for all car purchases but BMW slightly bettered the rates offered by Esanda. That's also without the hefty early payout figure penalty quoted from Esanda being taken into consideration. Found the BMW insurance very competitive as well.
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06-26-2008, 01:05 AM	#13
sparoz Brigadier General 191 Rep 4,848 Posts Drives: VO 1///M; Macan Turbo Join Date: Jun 2008 Location: Sunshine Coast iTrader: (0)	I am using them for both my cars, and they usually have the best rates. If not you can always negotiate with them!
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