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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      02-28-2008, 07:57 AM   #1
pwong888
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High interest rate

Anyone planning to cancel to order the 1er because of the high interest rate?
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      02-28-2008, 10:15 AM   #2
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^^^

Good question?? I'm interested to see just how many back out....I'm going to say less than 1% of the total people that have ordered are going to back out.

Either way BMW has you. With the rates the way they are, they can just switch people into a 3.
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      02-28-2008, 11:17 AM   #3
rsen
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I am seriously considering backing out or at least waiting until prices/rates cool down. I wasn't happy with the MSRP being 20% higher than the American price despite the dollar being at parity, and I wasn't happy with the ridiculous $2000 freight and PDI charge, but I was still willing to pay these prices for this great car. However, now with the high interest rate, I don't think I can accept the continued gouging from BMW, especially since other luxury brands like Lexus and Audi are lowering their Canadian prices.. I will have to think long and hard about this.
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      02-28-2008, 11:26 AM   #4
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^^^

ya BMW Canada really likes to bend us over, yet the majority of us keep pulling down our pants.
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      02-28-2008, 11:42 AM   #5
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Have you checked out the rates at ING? Their rates are usually pretty good.
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      02-28-2008, 11:45 AM   #6
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^^^

These rates only matter to people leasing...If you're purchasing the car/financing you'll have no problems finding a way better rate. I honestly think you could find a better rate even if you have a terrible credit history!
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      02-28-2008, 11:53 AM   #7
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Garage List
1999 VF BMW M3  [5.00]
2001 BMW M5  [0.00]
2008 135i  [5.00]
2003 M3  [3.10]
2011.75 BMW M3  [4.17]
2009 STi  [3.83]
I will back out if it's 7.75%
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      02-28-2008, 11:57 AM   #8
vanbmw
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I was thinking financing rates not lease rates. 7.75% does seem high.
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      02-28-2008, 12:42 PM   #9
looking
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^^^^

it is definitely high...those were the rates in the early 2000
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      02-28-2008, 12:59 PM   #10
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Garage List
2008 135i  [0.00]
7.75% !!!

I just checked the BMW.ca site...

36 month rates are;

335i = 4.9%
535i = 3.9%
650i = 4.9%
750i = 3.9%
M coupe = 5.9%
M5 = 3.9%
X3 3.0si = 2.9%
X5 3.0si = 2.9%

So if the 36 month lease rate for the 135i is 7.75%... Houston, we have a problem !!!
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      02-28-2008, 01:05 PM   #11
1LazyBmw
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Geez I called my SR and he said the rates and risdual values are not out yet but he'll let me know as soon as he knows something.. honestly if the 7.75% is the lease rate that I guess is fine because my SR told me the lease was around there and finance should be around 6.9% or something like that.. but if that 7.57% is the finance then use I think forget houston, the plant has a big problem haha...
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      02-28-2008, 01:12 PM   #12
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haha...I was disappointed with my 6.8% on my remaining $17,945. Guess I shouldn't complain. especially since I got a $41k car down to $350/month for 5 years.
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      02-28-2008, 02:27 PM   #13
jack123
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What a HUGE disappointment.....Forget the 1-series.....I think I was getting a little carried away with the hype anyways!
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      02-28-2008, 03:03 PM   #14
vanbmw
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You would think the 1 series rates would be very similar tot he 3 series. I know the demand for the 335's is till high and they are a pre-order car also. The 1 series should be a similar situation.
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      02-28-2008, 03:10 PM   #15
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Ahhhhhh... but they make tonnes of 3ers and few 1ers. Supply and demand my friend.
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      02-28-2008, 03:52 PM   #16
looking
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^^^

yup, it comes down to supply and demand. Also don't forget that the 3 series is their best seller and they aren't going to want to upset/push away those buyers. I think the rates for the 1 is higher shows that BMW doesn't think it's going to be a car that's going to be leased by the majority and is expecting the 1 to be more for a targeted audience...hope that makes sense...
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      02-28-2008, 03:58 PM   #17
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Quote:
Originally Posted by linus View Post
Ahhhhhh... but they make tonnes of 3ers and few 1ers. Supply and demand my friend.
I looked into a 335 coupe when I ordered my 1 series. The 3 series was a LONGER wait time because demand is so high. I could get a 1 series in Mid april but a 335 coupe would have been end of May to mid June. As you say...law of supply and demand! Once the 1 series is physically in the showrooms and local roads I'm sure the demand for them will go crazy.
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      02-28-2008, 08:12 PM   #18
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Wow, I ordered the 335i coupe on Dec 23 and received it on Feb 19.
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      02-28-2008, 08:15 PM   #19
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Quote:
Originally Posted by vanbmw View Post
I looked into a 335 coupe when I ordered my 1 series. The 3 series was a LONGER wait time because demand is so high. I could get a 1 series in Mid april but a 335 coupe would have been end of May to mid June. As you say...law of supply and demand! Once the 1 series is physically in the showrooms and local roads I'm sure the demand for them will go crazy.
They do tend to overestimate some of those times.
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      02-28-2008, 08:16 PM   #20
YYZATC
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As much as I love this car and the fact that there is nothing else available that I want, I just cant warm to the idea of paying the same price for it as I would a 335i coupe.

Decisions to make.....
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      02-28-2008, 11:01 PM   #21
linus
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Quote:
Originally Posted by YYZATC View Post
As much as I love this car and the fact that there is nothing else available that I want, I just cant warm to the idea of paying the same price for it as I would a 335i coupe.

Decisions to make.....
Trust me, I was so excited to get behind the wheel of a 128i or 135i convertible. Now, no way in hell. I'll likely wait a couple of years and let one of the rich, price inelastic buyers absorb the steep initial depreciation and then I'll swoop in. Or perhaps by then I might be able to afford a used 997 Carrera 4S. :biggrin:
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      02-29-2008, 11:31 AM   #22
vanbmw
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Quote:
Originally Posted by linus View Post
Trust me, I was so excited to get behind the wheel of a 128i or 135i convertible. Now, no way in hell. I'll likely wait a couple of years and let one of the rich, price inelastic buyers absorb the steep initial depreciation and then I'll swoop in. Or perhaps by then I might be able to afford a used 997 Carrera 4S. :biggrin:
Did you get a good deal on your 335? I speced out a 335 with the salerep and it was almost $12000 more then the 135 I ended up getting. They had some deals on 335 sedans but the coupes had a long order time and they had n o deals on them. I still love the look of the 335, really nice machine.
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