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BMW 3-Series (E90 E92) Forum
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F$%K, BMW FS just lowered their rate for E92 335i by 1%
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03-05-2008, 07:32 PM | #23 |
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exactly! thank you!
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03-05-2008, 07:37 PM | #24 | |
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This analysis ignores the opportunity cost of capital - the outlets you have to invest the money you are using to prepay the loan. In other words, paying off the loan early to avoid interest does not solve the problem. If one had the liquidity to pay off the entire loan, one could avoid all of the interest, but that doesn't solve the problem. Bottom line is that it's too bad they hadn't offered it sooner, but such is life.
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03-05-2008, 07:42 PM | #25 |
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same thing happened to me, financed @ 4.9% and saw the rate drop to 3.9%, wrote a letter to BMW FS to argue my loyalty (past and future) and we will see what they say. I've financed and leased 13 BMWs through them in the last 8 years, I'd hope they credit my account for the difference in interest, but if they dont thats ok, like a poster said here, i still got a great deal at 4.9% but not sure i'd finance with them again in the future...
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03-06-2008, 04:21 AM | #26 | |
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Keep in mind, even 3.9% is higher than what is typically earned in an internet savings acct., so it's no longer that simple to earn more in a savings acct., than on a loan. So whatever the 4.9 person can fanagle, it's not the same and the opportunity cost of further decisions must be considered. I say for the 4.9'ers, forget about it, it's done. You'll drive yourself crazy unnecessarily. And again, there's nothing wrong at all about paying off a loan early, nothing. It doesn't maximize return in most cases, but at the same time, not having debt is a relief i.e. "feel good" move. |
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03-06-2008, 12:11 PM | #27 | |
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My idiot friend leased a Mercedes and put the difference in the market back in October. Hes down more than 15% - about the same as the DJIA. On track to loose more in the market than he would have in depreciation. Plus he doesn't own a business so none of the payments are a write off. If the market doesn't get a good rebound (18% just to break even) he will end his lease loosing a lot more than if he bought, used the car then resold the car. Even the best intended plans dont always work out in unstable economic times. If your true yield is less than the loan then there is nothing wrong in paying off a loan early instead of letting it tank in the market (if that was the plan). |
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03-08-2008, 01:21 PM | #28 |
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Question...if you paid $3.59 a gallon for gas at Chevron today and saw the same station selling it for $3.39 a gallon the next day would you ask for your money back? I know some of you are gonna think thats smart ass or insignificant but really, whats the difference?
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03-08-2008, 01:53 PM | #29 | ||||
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03-10-2008, 12:10 PM | #30 | |
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Why didn't you phrase your question "You buy a $3000 TV one day, and then the next day it's on sale for $1500." Because we all know that you could get $1500 back if that was the case and it's the same with the car. Not a good that you've consumed like gas, milk, or yesterdays burger. |
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03-10-2008, 12:46 PM | #31 | |
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most stores will refund you money within 30 days if the price difference is significant enough. bug as BIGGY pointed out, giving gas prices as an example is ridiculous. what matters is purchases that actually cost you real money, especially when you finance them.
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2008 E92 335i - Montego Blue/Black/Gray Poplar/6MT/ZPP/ZSP/Nav/PDC/Heated Seats/HDRadio/iPod-USB - Sold 2006 E90 330i - Mystic Blue/Black/Aluminum/6MT/ZPP/iDrive/PDC/Heated Seats/Sat. Prep - Sold 1994 E36 325i - Boston Green/Beige/Automatic/ZPP/Heated Seats/Premium Sound - Sold ![]() |
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