AAA loan rate is 4.99% for a 5 yr loan. For $40k, that equals $754/mo (with no down payment). I bet that payment is close to the price for leasing.. and you actually own it afterwards. (I wouldn't recommend it but...) a 6 year loan is $644/mo, with nothing down.
If you put down $3000 (like you probably would do on a lease anyway), your payment would come down to $698/mo. Make that same down payment on a 6 year car loan, and the payments would be $595/mo.
I know this is in the Canada forum, but there's are cheaper options than BMW financing...
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