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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      04-24-2008, 03:37 AM   #1
rick23
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Do you think they will drop their rate again?

I have ordered my 135 and my SA said I will get it in June, but today's interest rate drop 1/2 %, any news said they will drop their rate too, I lease my car, really want to lower the monthly cost.
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      04-24-2008, 09:20 AM   #2
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The BMW lease rate for the 1 is more closely based on the demand for the vehicle than the prevailing interest rates.

It is definitely used as a marketing tool to be able to drive sales. I don't think it'll drop but we can only hope as I'm in the same situation as you.
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      04-24-2008, 09:31 AM   #3
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I agree. It dropped to 5.9% for financing, and that's as much of a favour as we will get, I believe. I wish it were 4.9 though.
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      04-24-2008, 11:09 AM   #4
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As the economy gets worse, we'll see more and more deals on all sorts of cars. "Luxury" brands like BMW are one of the first things that start to slow down when the economy is in recession (which Canada is not in, yet), so they'll offer enhanced incentives to try and stem the drop in demand.
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      04-24-2008, 11:34 AM   #5
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I am going to throw this out there and speculate that we will dodge the recession bullet. (thank you AB oil... at $120/bbl)
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      04-24-2008, 01:02 PM   #6
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Quote:
Originally Posted by stefan View Post
I am going to throw this out there and speculate that we will dodge the recession bullet. (thank you AB oil... at $120/bbl)
Well I hope you're right, but here are a few articles today that don't look so good:

http://www.cbc.ca/money/story/2008/0...k.html?ref=rss
http://www.cbc.ca/consumer/story/200...r.html?ref=rss
http://www.cbc.ca/canada/toronto/sto...t0:a3:g4:r3:c0
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      04-24-2008, 03:49 PM   #7
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Well.. I dunno if its gonna drop but my SA got me to do the credit app early so I can secure the current rate and also if the rate drops in May I can take advantage of that.
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      04-24-2008, 05:03 PM   #8
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i'm in edmonton and
4 year finance rate is 5.9%
5 year fianance rate is 8.0%
both with balloons
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      04-24-2008, 08:52 PM   #9
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I thought 5 yr was 5.9% as well, that's what I have been told over and over, without balloons.
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      04-25-2008, 12:38 AM   #10
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Quote:
Originally Posted by stefan View Post
I am going to throw this out there and speculate that we will dodge the recession bullet. (thank you AB oil... at $120/bbl)
The west will be carrying the load for the country. Until oil drops. Then we all have to rely on Sask. wheat.

BMW only drop rate to clear. Since this car is so cheap (for a BMW), I doubt there will be a over supply for at least 2 years.
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      04-25-2008, 01:59 AM   #11
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Oil won't "drop".. I mean it will.. but you have to think about what sort of drops are necessary to affect the economy. You'll remember that in the not too distant past, we were doing just fine with $80/bbl!
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      04-25-2008, 03:39 AM   #12
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I saw the BMW interest rate list, and it posted the current rate is start from April 1 to June 1, so they may change it after June 1 due to the economy may get slower in the next 2 months. If they will start the drop in May, then is even better, lets see, only couple more days.
In the demand issue, couple of my friends said they will wait until the rate drop or they have any special, but we will never know how many 1 they sold till now or how many they want to sell... maybe we can start a post try to see how many of us have got their car or its been order in Canada.
Gas price.. its horrible, but it won´t stop me to buy the 1. cos if you want to get a 300hp car, you know that already, i will prefer drive the 1 less but not to buy it, and I will choose the car I love, so it won´t affect the demand i think.

Hope I can get my car on June 2nd...haha
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      04-25-2008, 12:06 PM   #13
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We can't complain about gas anyway, look at what they pay in Europe.
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      04-25-2008, 07:17 PM   #14
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yeah but we're sitting on solidified oil and selling it at the lowest royalty rate in the world
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      04-26-2008, 10:26 PM   #15
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Thank you! At least someone else understands this. We are NOT charging oil companies a high enough royalty.. I am a geologist and I can still easily say that..
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      04-26-2008, 11:52 PM   #16
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Ed Stelmach lives in my building, sometimes I feel like giving him a hard time about the oil sands royalties if I happen to see him in the elevator, lol...
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      04-27-2008, 12:50 PM   #17
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lmao, just wear a shirt that says -royalties for us, not the premier-
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