BMW exclusive offer for me..... worth it?

Yvette · 05-09-2009, 02:13 PM

I just got email from BMW yesterday, saying....

1. they will waive my current lease remaining term of 7month if I lease another new BMW vehicle at a lease rate 1.9%

I always wanted to get e92 MT, is this worth a deal for now??
used cars price are going so down these days....

p.s I need to change my rotor/pads asap, I will need to change them before I return my car for the deal???

samchoi604 · 05-09-2009, 02:34 PM

definitely worth it. Actually, used car prices should remain strong because BMW CPO purchases rose something like 40% in April 2009 compared to last year.

CHCCubs · 05-09-2009, 05:05 PM

That's a good rate, its 3.9% otherwise right now.

ac1208 · 05-09-2009, 05:50 PM

definitely take it
I would, especially i want an M3/e92 335i with the msport package available now

paullo · 05-09-2009, 06:24 PM

This is sort of standard policy when you're leasing; around 6-7 months before your lease term is up they'll try and roll you into a new one, offering up incentives. It's usually a better than 'walk-in' offer if you were a new customer, and sometimes you can have them eat the cost of some of the things you'd otherwise have to have repaired/replaced/fixed if you were just returning your lease and not getting a new car. I'd see if you can get them to take care of the pads/brakes if you opt to roll into something new. Never hurts to ask. And as mentioned, the new lease rate is pretty good all things considered; you'll probably not see the 0.5 / 1.0% rates from last summer... The combination of high CDN $ and huge inventory had a great effect if you were in the market for a new car, but don't count on BMW making that mistake again any time soon. Good luck!

CaptChaos · 05-09-2009, 06:36 PM

Interesting, thanks for the info. My lease still has 11 months to go so now I know what to expect.

A 1.9% lease rate seems pretty good. It was 5.9/6.9 not so long ago and they just dropped it to 3.9.

Take advantage of the multiple security deposits and you can drop it down by up to another 0.9%.

paullo · 05-09-2009, 08:10 PM

When a new MY(model year) or model-refresh hits, they generally jack up the interest rates on lease & purchase finance to somewhere in the 5-7% range. Mid-cycle, they'll drop to 3-4% and near the end of model life-cycle they'll unload them for under 3%. Last summer was the perfect storm of cash back to equalize the price for Canadian vs. American MSRP prices (based on near-par dollar value between the two currencies), the nearing of the mid-cycle refresh on the e90 sedan, the introduction of the new M3's, the fact BMW over-estimated the number of cars they thought they could sell - and then overbuilt, and the resulting local dealerships that ended up with tons of inventory. At some point I heard BJBMW was sitting on several hundred 3-series.

OwnAge · 05-09-2009, 09:53 PM

Id go for it.

rkick08 · 05-09-2009, 10:52 PM

down in miami they are doing .09!

Yvette · 05-10-2009, 04:38 AM

I just paid $800 for brake rotor/pads replaced on all 4 wheels... today
rotors and pads were dead already anyways.....
I think I am taking this deal, and getting myself a e92 next month...
now they told me If i need to take delivery,, it should be done by June 30,2009
does it mean..... I need to take one of the inventories on the dealer's lot right??????
ordering from the factory will take time more than a month right?

Do you guys think I can have extra discount % on this deal????

bb43 · 05-10-2009, 10:52 AM

The program is like that BMW pays x amount of $ to the dealership (depends on your vehicle is a 07/06 3 series)to help to payout the remaining payments. The 1.9% lease rate is on a 09 5 series only. All 3 series (exclude M) is 3.9%. (this is for GTA area)

Yvette · 05-10-2009, 03:35 PM

Quote:

Originally Posted by bb43

The program is like that BMW pays x amount of $ to the dealership (depends on your vehicle is a 07/06 3 series)to help to payout the remaining payments. The 1.9% lease rate is on a 09 5 series only. All 3 series (exclude M) is 3.9%. (this is for GTA area)

no, it said 1.9% lease rate and 0.9% financing including 2009 3 series and 2009 z4 hardtop as well.

did not mention anything about 5 series....

new2u · 05-10-2009, 04:47 PM

Quote:

Originally Posted by e90sexion

I just paid $800 for brake rotor/pads replaced on all 4 wheels... today
rotors and pads were dead already anyways.....
I think I am taking this deal, and getting myself a e92 next month...
now they told me If i need to take delivery,, it should be done by June 30,2009
does it mean..... I need to take one of the inventories on the dealer's lot right??????
ordering from the factory will take time more than a month right?

Do you guys think I can have extra discount % on this deal????

Yes, you need to take one from the dealer's inventory.
You won't be able to order one if you are taking this offer.

I'm also about to jump on this deal.

Let me know if you get any extra discount as I'm interested in knowing too.

ehhhwik · 05-10-2009, 06:08 PM

my lease is ending in this September, I don't think I got this offer, is there a promo code I need to provide to the dealer in the email to get the offer?

new2u · 05-10-2009, 06:15 PM

Quote:

Originally Posted by ehhhwik

my lease is ending in this September, I don't think I got this offer, is there a promo code I need to provide to the dealer in the email to get the offer?

I believe the deal is currently for leased 3 series with contracts ending in November or December.

05-09-2009, 02:13 PM	#1
Yvette Major General 779 Rep 7,409 Posts Drives: M Join Date: Sep 2006 Location: Vancouver iTrader: (19)	BMW exclusive offer for me..... worth it? I just got email from BMW yesterday, saying.... 1. they will waive my current lease remaining term of 7month if I lease another new BMW vehicle at a lease rate 1.9% I always wanted to get e92 MT, is this worth a deal for now?? used cars price are going so down these days.... p.s I need to change my rotor/pads asap, I will need to change them before I return my car for the deal???
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05-09-2009, 02:34 PM	#2
samchoi604 Colonel 64 Rep 2,334 Posts Drives: black on black Join Date: Mar 2009 Location: Burnaby, BC iTrader: (3)	definitely worth it. Actually, used car prices should remain strong because BMW CPO purchases rose something like 40% in April 2009 compared to last year.
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05-09-2009, 05:05 PM	#3
CHCCubs Colonel 97 Rep 2,101 Posts Drives: 2013 BMW 328i xDrive Sport Join Date: Apr 2009 Location: Toronto, ON, Canada iTrader: (0)	That's a good rate, its 3.9% otherwise right now. __________________ 2013 BMW 328i xDrive Sport Line Mineral Grey on Everest Grey
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05-09-2009, 05:50 PM	#4
ac1208 Captain 18 Rep 600 Posts Drives: 335i Join Date: Nov 2007 Location: Toronto iTrader: (3)	definitely take it I would, especially i want an M3/e92 335i with the msport package available now
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05-09-2009, 06:24 PM	#5
paullo Captain 32 Rep 686 Posts Drives: ThreeThreeFive Join Date: Jun 2005 Location: Vancouver, BC iTrader: (1) Garage List 2008 335i [0.00]	This is sort of standard policy when you're leasing; around 6-7 months before your lease term is up they'll try and roll you into a new one, offering up incentives. It's usually a better than 'walk-in' offer if you were a new customer, and sometimes you can have them eat the cost of some of the things you'd otherwise have to have repaired/replaced/fixed if you were just returning your lease and not getting a new car. I'd see if you can get them to take care of the pads/brakes if you opt to roll into something new. Never hurts to ask. And as mentioned, the new lease rate is pretty good all things considered; you'll probably not see the 0.5 / 1.0% rates from last summer... The combination of high CDN $ and huge inventory had a great effect if you were in the market for a new car, but don't count on BMW making that mistake again any time soon. Good luck! __________________ 2008 335i \| Sport \| Premium \| USB \| SSK \| æ \| Unsprung Diet 2006 330i \| Sport \| Premium \| Active Steering \| M-Sport Aero Kit \| Retired
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05-09-2009, 06:36 PM	#6
CaptChaos Captain 57 Rep 817 Posts Drives: 2017 M2 - Mineral Grey Join Date: Oct 2006 Location: Richmond, BC, Canada iTrader: (0)	Interesting, thanks for the info. My lease still has 11 months to go so now I know what to expect. A 1.9% lease rate seems pretty good. It was 5.9/6.9 not so long ago and they just dropped it to 3.9. Take advantage of the multiple security deposits and you can drop it down by up to another 0.9%.
	Appreciate 0 Quote

05-09-2009, 08:10 PM	#7
paullo Captain 32 Rep 686 Posts Drives: ThreeThreeFive Join Date: Jun 2005 Location: Vancouver, BC iTrader: (1) Garage List 2008 335i [0.00]	When a new MY(model year) or model-refresh hits, they generally jack up the interest rates on lease & purchase finance to somewhere in the 5-7% range. Mid-cycle, they'll drop to 3-4% and near the end of model life-cycle they'll unload them for under 3%. Last summer was the perfect storm of cash back to equalize the price for Canadian vs. American MSRP prices (based on near-par dollar value between the two currencies), the nearing of the mid-cycle refresh on the e90 sedan, the introduction of the new M3's, the fact BMW over-estimated the number of cars they thought they could sell - and then overbuilt, and the resulting local dealerships that ended up with tons of inventory. At some point I heard BJBMW was sitting on several hundred 3-series. __________________ 2008 335i \| Sport \| Premium \| USB \| SSK \| æ \| Unsprung Diet 2006 330i \| Sport \| Premium \| Active Steering \| M-Sport Aero Kit \| Retired
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05-09-2009, 09:53 PM	#8
OwnAge Gourik 196 Rep 4,303 Posts Drives: Wrangler Join Date: Mar 2007 Location: Innisfil Ontario. iTrader: (1) Garage List 2009 328i [8.90]	Id go for it. __________________
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05-09-2009, 10:52 PM	#9
rkick08 Major 92 Rep 1,499 Posts Drives: 2017 M3 Join Date: Apr 2009 Location: Miami, FL iTrader: (1)	down in miami they are doing .09!
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05-10-2009, 04:38 AM	#10
Yvette Major General 779 Rep 7,409 Posts Drives: M Join Date: Sep 2006 Location: Vancouver iTrader: (19)	I just paid $800 for brake rotor/pads replaced on all 4 wheels... today rotors and pads were dead already anyways..... I think I am taking this deal, and getting myself a e92 next month... now they told me If i need to take delivery,, it should be done by June 30,2009 does it mean..... I need to take one of the inventories on the dealer's lot right?????? ordering from the factory will take time more than a month right? Do you guys think I can have extra discount % on this deal????
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05-10-2009, 10:52 AM	#11
bb43 New Member 0 Rep 7 Posts Drives: 2009 E90 Join Date: May 2009 Location: GTA Toronto iTrader: (0)	The program is like that BMW pays x amount of $ to the dealership (depends on your vehicle is a 07/06 3 series)to help to payout the remaining payments. The 1.9% lease rate is on a 09 5 series only. All 3 series (exclude M) is 3.9%. (this is for GTA area)
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05-10-2009, 06:08 PM	#14
ehhhwik Brigadier General 121 Rep 3,431 Posts Drives: 09' BMW 335d, 07' BMW E92 328i Join Date: Oct 2006 Location: Vancouver, BC iTrader: (5)	my lease is ending in this September, I don't think I got this offer, is there a promo code I need to provide to the dealer in the email to get the offer? __________________ Current: 09' E90 335d - Titanium Silver/Black Leatherette/Sports Package/6AT Paddle Shift/USB Integration/19" Staggered Breyton GT Gloss Black Retired: 07' E92 328i (Jet Black)
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