Single Payment Lease question (Canada)

VoyagerDude · 10-03-2006, 09:44 AM

I was told that in Canada if you go with the Single Payment Lease option you get a 0.25% deduction on your interest rate (for 2007 335i sedan, 36mo)
But I don't understand, do you still pay interest of the full purchase price, or only on the residual value? Because you're not borrowing any money for the 36 month on top of the residual value!
Please enlighten me

RiXst3r · 10-04-2006, 12:31 PM

what happens if the car is totalled? I doubt you get a refund... same way you would lose a large downpayment...

Sorry, this didnt answer you question, but its something for you to think about before taking that route...

10-03-2006, 09:44 AM	#1
VoyagerDude Second Lieutenant 8 Rep 207 Posts Drives: 07 E90 335i Join Date: Aug 2006 Location: Calgary, AB iTrader: (0)	Single Payment Lease question (Canada) I was told that in Canada if you go with the Single Payment Lease option you get a 0.25% deduction on your interest rate (for 2007 335i sedan, 36mo) But I don't understand, do you still pay interest of the full purchase price, or only on the residual value? Because you're not borrowing any money for the 36 month on top of the residual value! Please enlighten me __________________ 2007 BMW 335i E90 (got it Oct 27, 2006) manual, sp.graph, limon dakota, sport, premium, navi, bluetooth, alarm, stoneguard, 18" winter m5 reps w/Dunlop 3D 2005 Ducati 749S
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10-04-2006, 12:31 PM	#2
RiXst3r 274 Rep 6,510 Posts Drives: M235i Join Date: Sep 2006 Location: Ohio iTrader: (14)	what happens if the car is totalled? I doubt you get a refund... same way you would lose a large downpayment... Sorry, this didnt answer you question, but its something for you to think about before taking that route...
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