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





 

View Poll Results: Whose cancelling and whose staying?
Sticking with the 1er 28 60.87%
Cancelling or have cancelled their order 10 21.74%
Undecided 8 17.39%
Voters: 46. You may not vote on this poll

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      03-01-2008, 07:36 PM   #1
1LazyBmw
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Now that the rates are confirmed whose cancelling their order and whose staying?

Ok my fellow Canadian 1ers now that the rates for financing and leasing has been confirmed as below:

6.75% financing
7.75% leasing

Whose canceling their order and whose sticking to the 1er...

Btw I myself am sticking with my order unless something big occurs like they low ball my trade in to much or my credit doesnt pass haha...
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      03-01-2008, 07:38 PM   #2
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Wow they take a bit in Canada
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      03-01-2008, 08:02 PM   #3
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Since I never finance or lease my cars, interest rates have no impact on my purchase decision...
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      03-02-2008, 12:01 AM   #4
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Quote:
Originally Posted by carnut View Post
Since I never finance or lease my cars, interest rates have no impact on my purchase decision...
I wouldn't want to tie up 50k in a depreciating asset when that 50k could be making me more money elsewhere, so for some of us lease and finance rates are very important.
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      03-02-2008, 03:51 AM   #5
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I'm not buying the 1er in hurry, wait for the rate drop or any special promotion.
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      03-03-2008, 03:39 PM   #6
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Wow the guys sticking with their orders and the cancelling + undecided are like even.. man I guess it will be ez to recognize you guys on the road since there will only be a few of us lol.. jk
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      03-03-2008, 04:16 PM   #7
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Quote:
Originally Posted by koala View Post
I wouldn't want to tie up 50k in a depreciating asset when that 50k could be making me more money elsewhere, so for some of us lease and finance rates are very important.
You mean you can make more than 7.75% (after tax) in low risk investment instruments right now. :iono:
If so, let me know, cause I ain't getting those kinds of returns...
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      03-03-2008, 04:37 PM   #8
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Quote:
Originally Posted by carnut View Post
You mean you can make more than 7.75% (after tax) in low risk investment instruments right now. :iono:
If so, let me know, cause I ain't getting those kinds of returns...
Honestly if I can dish out 50k I would too and not have to worry bout this and that haha.. but I can't :biggrin:
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      03-03-2008, 04:39 PM   #9
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Quote:
Originally Posted by carnut View Post
You mean you can make more than 7.75% (after tax) in low risk investment instruments right now. :iono:
If so, let me know, cause I ain't getting those kinds of returns...
Low risk? No. However, I wouldn't lease a vehicle at 7.75% anyway so that point is moot. (This is why I said interest rate is very important to some of us-- if I just "had to have" one, and I didn't want to be paying that high of interest, then sure, paying cash might make sense-- but the 135 isn't quite that desirable to me)
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      03-04-2008, 02:26 PM   #10
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I think I'll be going with a 328i coupe. 7.75% is a huge kick in the pants.
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      03-04-2008, 10:18 PM   #11
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any chances that the rates will drop to 3.9% for MY2009(which should start in September)?
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      03-04-2008, 11:22 PM   #12
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any chances that the rates will drop to 3.9% for MY2009(which should start in September)?
Too many factors for someone to say for sure... but with the way the economy is going, I would be *shocked* if they don't get more aggressive in the fall.
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      03-05-2008, 01:41 AM   #13
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Quote:
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Too many factors for someone to say for sure... but with the way the economy is going, I would be *shocked* if they don't get more aggressive in the fall.
Nurse, hand me the paddles :wink:
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      03-05-2008, 02:20 AM   #14
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Quote:
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any chances that the rates will drop to 3.9% for MY2009(which should start in September)?
Lets wait until september.
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      03-05-2008, 11:23 AM   #15
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I will be cancellng my order!

For all of you who plan on purchasing the 1er with cash I completely understand. I would be all over it if I was in that position. I will be purchasing and financing new vehicle within the the next 6 months. I will hold of as long as possible and see if BMW drops the finanace rates on the 1er if not I will be going elsewhere.

For all of you that are sticking with the 1er, are any of you planning on financing or leasing?

I guess I just dont understand how anyone would be willing to pay such a premium for the car. Would you pay a higher MSRP for a 135i as a 335i coupe if they had the same lease/finance rates? At what price would you not buy a 135i?

I guess I am just confused as to why anyone would lease/finance a vehicle at such a high rate when almost every other vehicle available can be found at a rate of 4.9% or less. This translates to 1000's of dollars.

Anyway just my rant for the day as I compose an email to send to my SA to cancel my 135i.
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      03-05-2008, 12:12 PM   #16
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A lot of people don't realize that by giving in to these types of things, the car companies continue to do what they do.

If BMW could have 135's sitting on their lots by April or May, they'd wonder what the hell happened. It would be glorious to see it play out this way, but not enough people are willing to grow some balls and let their dealer know they're unhappy with the package offered.

Any good retailer listens to what their customers are saying. Personally I really appreciate it when a customer whom isn't happy with what I'm offering them let's me know of this fact. At least when you're presented with their displeasure you have the opportunity to address it. It's the customers that just roll over and accept it, or worse-yet, never even give you the opportunity to earn their business that (honest) retailers don't like.

You'd be surprised what the BMW dealer might do if you just ask for a deal.
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      03-05-2008, 12:22 PM   #17
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All I have to say is thank God for paying in cash, Military discount, and euro delivery. Would be a bummer to cancel my order just due to finance rates.
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      03-05-2008, 01:11 PM   #18
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To be perfectly honest with you, I would be purchasing the 1 over the 3 even if the 1 series had a higher MSRP. I have driven extensively in a 335i coupe and love everything about the car except the size. Coming from an S2000, I find the 3 just too damn big. So why wouldn’t I choose the 1 over the 3 irregardless of price? The 1 offers everything that the 3 series does except the bulk. Just my 2 cents.
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      03-05-2008, 01:20 PM   #19
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Just asking the question.

So what is the maximum price you would be willing to pay for the 1er?
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      03-05-2008, 01:24 PM   #20
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Quote:
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To be perfectly honest with you, I would be purchasing the 1 over the 3 even if the 1 series had a higher MSRP. I have driven extensively in a 335i coupe and love everything about the car except the size. Coming from an S2000, I find the 3 just too damn big. So why wouldn’t I choose the 1 over the 3 irregardless of price? The 1 offers everything that the 3 series does except the bulk. Just my 2 cents.
The 135 isn't that much smaller than a 335. And it certainly isn't much lighter.

That being said I myself have owned two S2000's (an '01 and an '04) and I don't find the 335 overly large really.
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      03-05-2008, 02:35 PM   #21
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Just asking the question.

So what is the maximum price you would be willing to pay for the 1er?
Nothing over the MSRP. It has been a long time since I've seen or heard of anyone needing to pay over MSRP. If people buying Ferrari's and RR don't pay over MSRP, I don't see why someone would have to for a 1.
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      03-05-2008, 02:39 PM   #22
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The 3 isn't huge but it feels big compared to my S2k. I'm sorry but over 8 inches in length is a lot and the rag top is a fair bit lighter than the Cabrio 335. Plus there is more storage in the trunk on the 1 with the top down.
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