Guys, BMW Canada is screwing all of you 1er purchasers three ways. First is the massive price discrepancy from the US - a 20% markup (I'll accept that 6ppts of this is Canadian duties though). Second, our maintenance plan is far inferior to the US plan - where brakes, rotors, wipers, etc. are replaced. They also get four years of BMW Assist as part of bluetooth, we get 1.
Third, obviously, is the lease/financing rate of 7.75%. That is entirely absurd considering the Bank of Canada overnight target rate is 4% and prime is 5.75%. The Bank of Canada is also very likely to cut rates another 0.25% next week, which will bring their target down to 3.75%. How can BMW justify charging its Canadian customers 7.75% in this environment? Easy. All of you are excited and buying.
Honestly folks, if you band together and get the word out to non-forum members, BMW WILL lower their rates. It's a business for them pure and simple. You can all walk away from your contracts to purchase the 1er if they do not deliver the vehicle to you within 90 days - that's Canadian law - look at the back of your contract. And you'll get your downpayment returned. I've done that before as well.
Come on folks, look at my experience. I just picked up my E92 335i last week. I enjoyed a 5% discount to MSRP and my lease rate is 3.9% with a 59% resid. Face it, they're screwing you. You 135i buyers are going to end up spending as much or more than a 335i buyer. My monthly lease payment is $980 and I loaded the car with everything except idrive (also got the 19" OEM style 230s). Think about it.
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