Der BMW getting a tad spendy for 2009
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Interesting exercise, log onto the BMW web site, and build your exact car you drive now, and compare the new price to what you pay now. I built a 2009 to the exact specs as my 2007, and the lease payment for the same term, same number of miles, increased 23.6%...wow....
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Originally Posted by studavis' post='672925' date='Sep 19 2008, 07:02 AM
Interesting exercise, log onto the BMW web site, and build your exact car you drive now, and compare the new price to what you pay now. I built a 2009 to the exact specs as my 2007, and the lease payment for the same term, same number of miles, increased 23.6%...wow....
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Interest rates I presume , the 2009 550s came DOWN $1500 in Canada .....................
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Did happen to acquire your 2007 perchance when they were running ridiculous lease incentives in anticipation of the 2008 updates?
Originally Posted by studavis' post='672925' date='Sep 18 2008, 10:02 PM
Interesting exercise, log onto the BMW web site, and build your exact car you drive now, and compare the new price to what you pay now. I built a 2009 to the exact specs as my 2007, and the lease payment for the same term, same number of miles, increased 23.6%...wow....
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Originally Posted by studavis' post='672925' date='Sep 19 2008, 01:02 AM
Interesting exercise, log onto the BMW web site, and build your exact car you drive now, and compare the new price to what you pay now. I built a 2009 to the exact specs as my 2007, and the lease payment for the same term, same number of miles, increased 23.6%...wow....
Joe
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Originally Posted by porsche911targa' post='679743' date='Sep 27 2008, 01:34 PM
I just read in "Roundel" that BMW has just written off about $1B because the residual values on their returning leases are much lower than they anticipated, two or three years ago. The article went on to explain that BMW wants to encourage people to buy, instead of leasing, by offering very low loan rates and increasing lease terms, some substantially. It's all business. My question is, unless you own your own business and are able to write off the lease, why would you want to "rent" your BMW. What happened to pride of ownership? Please, I don't mean that as an insult to anybody, and I apologize if it comes through that way. I'm just curious as to why people make a big deal out of owning their own houses but will rent their cars, instead of buying them.
Joe
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Originally Posted by westcoast550' post='673218' date='Sep 19 2008, 11:13 AM
Interest rates I presume , the 2009 550s came DOWN $1500 in Canada .....................
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