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





 

Post Reply
 
Thread Tools Search this Thread
      02-28-2008, 07:57 AM   #1
pwong888
Private
 
Drives:
Join Date: Jan 2008

Posts: 97
iTrader: (0)

High interest rate

Anyone planning to cancel to order the 1er because of the high interest rate?
pwong888 is offline  
0
Reply With Quote
      02-28-2008, 10:15 AM   #2
looking
Captain
 
Drives: 135
Join Date: Aug 2008
Location: GTA

Posts: 602
iTrader: (0)

^^^

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.
looking is offline  
0
Reply With Quote
      02-28-2008, 11:17 AM   #3
rsen
New Member
 
Drives:
Join Date: Jan 2008

Posts: 13
iTrader: (0)

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.
rsen is offline  
0
Reply With Quote
      02-28-2008, 11:26 AM   #4
looking
Captain
 
Drives: 135
Join Date: Aug 2008
Location: GTA

Posts: 602
iTrader: (0)

^^^

ya BMW Canada really likes to bend us over, yet the majority of us keep pulling down our pants.
looking is offline  
0
Reply With Quote
      02-28-2008, 11:42 AM   #5
vanbmw
Captain
 
vanbmw's Avatar
 
Drives: 2015 Black 335i
Join Date: Feb 2008
Location: Vancouver

Posts: 793
iTrader: (0)

Have you checked out the rates at ING? Their rates are usually pretty good.
vanbmw is offline   Canada
0
Reply With Quote
      02-28-2008, 11:45 AM   #6
looking
Captain
 
Drives: 135
Join Date: Aug 2008
Location: GTA

Posts: 602
iTrader: (0)

^^^

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!
looking is offline  
0
Reply With Quote
      02-28-2008, 11:53 AM   #7
stefan
Colonel
 
stefan's Avatar
 
Drives: E92M3
Join Date: Feb 2008
Location: Calgary

Posts: 2,147
iTrader: (2)

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%
__________________
///M Power - 2011.75 LMB M3 6MT (fuelly)
stefan is offline   Canada
0
Reply With Quote
      02-28-2008, 11:57 AM   #8
vanbmw
Captain
 
vanbmw's Avatar
 
Drives: 2015 Black 335i
Join Date: Feb 2008
Location: Vancouver

Posts: 793
iTrader: (0)

I was thinking financing rates not lease rates. 7.75% does seem high.
vanbmw is offline   Canada
0
Reply With Quote
      02-28-2008, 12:42 PM   #9
looking
Captain
 
Drives: 135
Join Date: Aug 2008
Location: GTA

Posts: 602
iTrader: (0)

^^^^

it is definitely high...those were the rates in the early 2000
looking is offline  
0
Reply With Quote
      02-28-2008, 12:59 PM   #10
El Diablo
Got n54 ?
 
Drives: BMW 535i / 328i
Join Date: Sep 2007
Location: Montreal Canada & Swanton Vermont

Posts: 167
iTrader: (1)

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 !!!
__________________
2014 BMW 328i X-Drive Touring M sport, Mineral Grey
2010 BMW 535i X-Drive M sport, Alpine white
2010 Ducati Streetfighter S, midnight black
El Diablo is offline   Canada
0
Reply With Quote
      02-28-2008, 01:05 PM   #11
1LazyBmw
Brigadier General
 
1LazyBmw's Avatar
 
Drives: E82
Join Date: Jun 2008
Location: Toronto

Posts: 3,987
iTrader: (5)

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...
__________________
1LazyBmw is offline   Canada
0
Reply With Quote
      02-28-2008, 01:12 PM   #12
randomquickness
Brigadier General
 
Drives: 996tt
Join Date: Sep 2008
Location: Killeen, TX

Posts: 3,653
iTrader: (13)

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.
__________________
randomquickness is offline   United_States
0
Reply With Quote
      02-28-2008, 02:27 PM   #13
jack123
Enlisted Member
 
Drives:
Join Date: Feb 2008

Posts: 30
iTrader: (0)

What a HUGE disappointment.....Forget the 1-series.....I think I was getting a little carried away with the hype anyways!
jack123 is offline  
0
Reply With Quote
      02-28-2008, 03:03 PM   #14
vanbmw
Captain
 
vanbmw's Avatar
 
Drives: 2015 Black 335i
Join Date: Feb 2008
Location: Vancouver

Posts: 793
iTrader: (0)

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.
vanbmw is offline   Canada
0
Reply With Quote
      02-28-2008, 03:10 PM   #15
linus
Lieutenant
 
linus's Avatar
 
Drives: 07 E90 335xi, 08 E92 335i
Join Date: Jun 2006
Location: Toronto

Posts: 525
iTrader: (0)

Ahhhhhh... but they make tonnes of 3ers and few 1ers. Supply and demand my friend.
linus is offline   Canada
0
Reply With Quote
      02-28-2008, 03:52 PM   #16
looking
Captain
 
Drives: 135
Join Date: Aug 2008
Location: GTA

Posts: 602
iTrader: (0)

^^^

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...
looking is offline  
0
Reply With Quote
      02-28-2008, 03:58 PM   #17
vanbmw
Captain
 
vanbmw's Avatar
 
Drives: 2015 Black 335i
Join Date: Feb 2008
Location: Vancouver

Posts: 793
iTrader: (0)

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.
vanbmw is offline   Canada
0
Reply With Quote
      02-28-2008, 08:12 PM   #18
linus
Lieutenant
 
linus's Avatar
 
Drives: 07 E90 335xi, 08 E92 335i
Join Date: Jun 2006
Location: Toronto

Posts: 525
iTrader: (0)

Wow, I ordered the 335i coupe on Dec 23 and received it on Feb 19.
linus is offline   Canada
0
Reply With Quote
      02-28-2008, 08:15 PM   #19
Road Runner
Lieutenant
 
Drives:
Join Date: Aug 2007

Posts: 469
iTrader: (0)

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.
__________________
Le Mans Blue 135i
Road Runner is offline  
0
Reply With Quote
      02-28-2008, 08:16 PM   #20
YYZATC
Private
 
Drives:
Join Date: Nov 2007

Posts: 72
iTrader: (0)

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.....
YYZATC is offline  
0
Reply With Quote
      02-28-2008, 11:01 PM   #21
linus
Lieutenant
 
linus's Avatar
 
Drives: 07 E90 335xi, 08 E92 335i
Join Date: Jun 2006
Location: Toronto

Posts: 525
iTrader: (0)

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:
linus is offline   Canada
0
Reply With Quote
      02-29-2008, 11:31 AM   #22
vanbmw
Captain
 
vanbmw's Avatar
 
Drives: 2015 Black 335i
Join Date: Feb 2008
Location: Vancouver

Posts: 793
iTrader: (0)

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.
vanbmw is offline   Canada
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 09:38 AM.




1addicts
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST