BMW 1 Series Coupe Forum / 1 Series Convertible Forum (1M / tii / 135i / 128i / Coupe / Cabrio / Hatchback) (BMW E82 E88 128i 130i 135i)
 





 

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      01-24-2008, 11:59 AM   #1
1LazyBmw
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Now that Canadian pricing is out.. lets talk abour interest rates...

On another thread we have the pricing out so lets talk about the finance and leasing rates.. I haven't ordred mine yet.. going too soon but anyone have any idea what the rates will be...?? I am hearing mixed things, originally when I went to put my deposit my sales rep said its like 8% or something for lease and 7 something for finance.. but then again I am hearing of special rates that will help better align with the cdn dollar.. anyone know or have any insight on this??
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      01-24-2008, 12:23 PM   #2
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Well I was looking at rates yesterday from BMW, their lowest was like 3.9% (I think) for the 323i which is pretty entry level (moreso than the 1ers I would say). and The highest was 5.9% for something like a 335xi. Looks like higher demand and new models are 5.9%, mid demand (335 sedan) are 4.9%, and lower selling models are 3.9% (5 series, 7 series...). The X3 is 3% even.

they have lowered rates in the past couple months to be more competitive with the dollar and I asked my SA about rates as well and he said the pricing on the 1er was lower than he expected, so hopefully the rates are as well. I wouldn't be suprised with 5.9% on the 1er, that looks like their highest rate right now and the bank just cut interest rates a quarter percent.
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      01-24-2008, 12:56 PM   #3
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If you compare the price with other models, yes it is lower, but if you compare with the US, it is 20% more, eventhough all the options are higher than US, i don't understand where is the money go to, BMW canada or the government?
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      01-24-2008, 01:08 PM   #4
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Quote:
Originally Posted by pwong888 View Post
If you compare the price with other models, yes it is lower, but if you compare with the US, it is 20% more, eventhough all the options are higher than US, i don't understand where is the money go to, BMW canada or the government?
BMW...heck, look at how options are priced, $800 for paint vs 475 in the US with a dollar at 99 cents...both cars are painted in Germany :wink:

Yeah the 20% gap is pretty high, but in a way I guess it does make sense...after looking more closely at other cars, mainly an A3 and GTI, it is somewhat "competitive"...a base A3 is 33,900, a gti(5 dr) is 30,000... It just sucks
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      01-24-2008, 01:13 PM   #5
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Maybe they set the price base on the exchange rate 5 years ago.
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      01-24-2008, 03:35 PM   #6
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There are a couple import duties that are paid by Canadians that aren't by the Americans... I forget what the amount was, at least several hundred (maybe over $1000) though, and if we were importing the vehicle from the US we'd still have to pay that at the border.
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      01-24-2008, 03:39 PM   #7
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^^..... 6.1% plus your recall letter and all that stuff.
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      01-24-2008, 05:29 PM   #8
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Quote:
Originally Posted by Road Runner View Post
There are a couple import duties that are paid by Canadians that aren't by the Americans... I forget what the amount was, at least several hundred (maybe over $1000) though, and if we were importing the vehicle from the US we'd still have to pay that at the border.
the US would have it's own import duties if you were bringing a Canada car across the border too.:wink:

Maybe costs are higher to bring it into Canada...but then, why was the same (% wise) difference when the dollar was at 70 cents ok?

That's why it's somewhat insulting now to have a 20% gap, before it made sense.
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      01-26-2008, 02:31 AM   #9
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My dealer says it will be 6.9% for leasing.
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      01-26-2008, 06:28 AM   #10
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My friends. We are being raped by BMW Canada. And they can continue doing so because we enable them. If enough Canadians balked at their pricing and said no thanks when talking to a sales associate, you'd see the pricing move in line with the US very quickly. This is entirely the reason that they had to provide some additional incentives when only a minority of buyers began looking to the US for vehicles.

Imagine what they'd do if 33-50% of their traditional buyers said No to a purchase because the pricing was unfair. Folks, it's really up to us to collectively stand up for ourselves. Problem is, there is no coordinated action between possible buyers. And we've shown that we want their cars more than we care about being bent over. Unfortunately, I have been one of these 'sheeps'. I am now beginning to reconsider the 1, however.

So if I were BMW Canada, what incentive would I have to lower rates? Lube up my fellow Canadians, bend over and brace yourselves for the humbling to come.

PS. I recently spoke to my SA and told him that I was furious at the pricing of the M3 in the US which is about $57k. My 335i with a few options is well over $60k. This type of disparity and humiliation is totally unnecessary with the currency at par.
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      01-28-2008, 03:21 PM   #11
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Spoke to my sales today after placing my order.. they dont know the exact rates yet but they are predicting that lease will be 6.9% and finance will be 5.9%.
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      01-28-2008, 03:46 PM   #12
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Quote:
Originally Posted by 1LazyBmw View Post
Spoke to my sales today after placing my order.. they dont know the exact rates yet but they are predicting that lease will be 6.9% and finance will be 5.9%.
Not terrible
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      01-28-2008, 04:01 PM   #13
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What is the typical residual value of a new BMW after 35/39 months? Would you agree that it's about 65%?
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      01-28-2008, 04:42 PM   #14
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Quote:
Originally Posted by Road Runner View Post
Not terrible
YA not bad compared what they told me at the time of deposit last year.. it was 8.9 lease and 7.9 fiance... I almost fell out of my seat in his office hahah..
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      01-29-2008, 07:36 PM   #15
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6.9%?? I would be very happy if it's the case. But it seems doubtful. If you look at all the top end 3 series, they are all 8.9% lease. Sucks..
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      01-31-2008, 01:18 PM   #16
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I have an Audi & VW Canada does this thing where customers give a security deposit (fully refundable at the end of the lease) and in exchange VW lowers the interest rate. Does BMW do the same? And would the drop in interest rate be substantial (it was for my Audi)...
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      01-31-2008, 01:37 PM   #17
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Quote:
Originally Posted by linus View Post
My friends. We are being raped by BMW Canada. And they can continue doing so because we enable them. If enough Canadians balked at their pricing and said no thanks when talking to a sales associate, you'd see the pricing move in line with the US very quickly. This is entirely the reason that they had to provide some additional incentives when only a minority of buyers began looking to the US for vehicles.

Imagine what they'd do if 33-50% of their traditional buyers said No to a purchase because the pricing was unfair. Folks, it's really up to us to collectively stand up for ourselves. Problem is, there is no coordinated action between possible buyers. And we've shown that we want their cars more than we care about being bent over. Unfortunately, I have been one of these 'sheeps'. I am now beginning to reconsider the 1, however.

So if I were BMW Canada, what incentive would I have to lower rates? Lube up my fellow Canadians, bend over and brace yourselves for the humbling to come.

PS. I recently spoke to my SA and told him that I was furious at the pricing of the M3 in the US which is about $57k. My 335i with a few options is well over $60k. This type of disparity and humiliation is totally unnecessary with the currency at par.
Ever been to Europe?
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      01-31-2008, 03:19 PM   #18
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So whats the lease rate for the 335i if the rate for the 1er is 6.9%?
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      01-31-2008, 03:32 PM   #19
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Right now, the lease rate for the 335i is at 4.9% in Montreal.
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      01-31-2008, 05:34 PM   #20
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If the rate for the 3er is 4.9, maybe we will pay the same amount of money with the 3er if they charge us 6.9 for the 1er. This does not make sense.
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      02-11-2008, 11:31 AM   #21
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Still no numbers released?
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      02-27-2008, 01:21 PM   #22
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Just got a call from my dealer with the following information

7.75% for both lease and finance
59% residual 128i
57% residual 135i

I believe those values are for 36 month lease
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