550 special rates
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My Ride: 04 545i 6speed white/black comfort seats,l7,nav,sat,m-tech
anyone know the incentives for feb. for the 550? I live in the midwest, maybe chicago region. I saw 2.9% being advertised on ebay. Is this the new rate for feb to get rid of the 06's? any rebates or dealer cash?
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My Ride: 2006 M5, Silver Grey, Silverstone Full Leather, Alumium trim, Active/Ventilated Comfort Seats, HUD, Comfort Access, Split Rear Seats, Rear Seat Heating, etc.
See lease rates here:
http://forums.e60.net/index.php?showtopic=21853
550i dropped from .0026 to .0020 in February. Note that this only applies to 06 models. 07 models (begin production in March) will certainly be higher when they show up.
http://forums.e60.net/index.php?showtopic=21853
550i dropped from .0026 to .0020 in February. Note that this only applies to 06 models. 07 models (begin production in March) will certainly be higher when they show up.
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My Ride: 04 545i 6speed white/black comfort seats,l7,nav,sat,m-tech
Originally Posted by jdubbs' post='240447' date='Feb 14 2006, 11:46 PM
See lease rates here:
http://forums.e60.net/index.php?showtopic=21853
550i dropped from .0026 to .0020 in February. Note that this only applies to 06 models. 07 models (begin production in March) will certainly be higher when they show up.
http://forums.e60.net/index.php?showtopic=21853
550i dropped from .0026 to .0020 in February. Note that this only applies to 06 models. 07 models (begin production in March) will certainly be higher when they show up.
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My Ride: 2006 M5, Silver Grey, Silverstone Full Leather, Alumium trim, Active/Ventilated Comfort Seats, HUD, Comfort Access, Split Rear Seats, Rear Seat Heating, etc.
Leasing is the way to go if you are self-employed or can otherwise write off your payment, since most any BMW purchased new must be depreciated over 20+ years (whereas lease payments can be written off in full). Leasing can also be a good idea -- if the rates are favorable -- if you are the sort who changes cars every 3 years or so. If you think you'll own your car a long while, are not self-imployed or an exec at a company that will pay for your car as a business expense, then you may be better off buying.
If you go this route and own your home, you may also consider taking out an equity line of credit on your house and buying the car outright (don't tell the dealer this until AFTER you negotiate a purchase price, as they will assume they can get some money from financing or lease payments) since mortgage interest payments are tax deductible and typically at a better rate than a car loan.
If you go this route and own your home, you may also consider taking out an equity line of credit on your house and buying the car outright (don't tell the dealer this until AFTER you negotiate a purchase price, as they will assume they can get some money from financing or lease payments) since mortgage interest payments are tax deductible and typically at a better rate than a car loan.
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Originally Posted by chuckg' post='240446' date='Feb 15 2006, 01:41 AM
anyone know the incentives for feb. for the 550? I live in the midwest, maybe chicago region. I saw 2.9% being advertised on ebay. Is this the new rate for feb to get rid of the 06's? any rebates or dealer cash?
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My Ride: 04 545i 6speed white/black comfort seats,l7,nav,sat,m-tech
Originally Posted by Veight' post='240587' date='Feb 15 2006, 11:08 AM
I am getting 2.9% on my purchase on an MY07. I wont recieve the car on ED till June but I will be paying for the car in April so I qualify.
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My Ride: 2008 Sapphire Black on Black M5 - loaded sans soft close doors
Originally Posted by jdubbs' post='240581' date='Feb 15 2006, 10:43 AM
Leasing is the way to go if you are self-employed or can otherwise write off your payment, since most any BMW purchased new must be depreciated over 20+ years (whereas lease payments can be written off in full). Leasing can also be a good idea -- if the rates are favorable -- if you are the sort who changes cars every 3 years or so. If you think you'll own your car a long while, are not self-imployed or an exec at a company that will pay for your car as a business expense, then you may be better off buying.
If you go this route and own your home, you may also consider taking out an equity line of credit on your house and buying the car outright (don't tell the dealer this until AFTER you negotiate a purchase price, as they will assume they can get some money from financing or lease payments) since mortgage interest payments are tax deductible and typically at a better rate than a car loan.
If you go this route and own your home, you may also consider taking out an equity line of credit on your house and buying the car outright (don't tell the dealer this until AFTER you negotiate a purchase price, as they will assume they can get some money from financing or lease payments) since mortgage interest payments are tax deductible and typically at a better rate than a car loan.
Note that this is at the end of three years it is cheaper - years one and two I'm spending a lot more out of pocket because of the depreciation you mention.
Also remember that here in IL, we pay sales tax on the full amount of the car (purchased or leased)- so there is no tax advantage to leasing.
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My Ride: 2006 M5, Silver Grey, Silverstone Full Leather, Alumium trim, Active/Ventilated Comfort Seats, HUD, Comfort Access, Split Rear Seats, Rear Seat Heating, etc.
Originally Posted by doug_999' post='240715' date='Feb 15 2006, 01:55 PM
Believe it or not, for my 550, purchasing was cheaper than leasing!! This was using the money factor and December residuals. I had my accountant run all the numbers and the purchase came out over $6K cheaper at the end of three years. They called this a wash because I was using BMW residual numbers for both the purchase and the lease and they questioned if I could really get 59% of the car value at the end of 3 years. Still I was shocked.
Note that this is at the end of three years it is cheaper - years one and two I'm spending a lot more out of pocket because of the depreciation you mention.
Also remember that here in IL, we pay sales tax on the full amount of the car (purchased or leased)- so there is no tax advantage to leasing.
Note that this is at the end of three years it is cheaper - years one and two I'm spending a lot more out of pocket because of the depreciation you mention.
Also remember that here in IL, we pay sales tax on the full amount of the car (purchased or leased)- so there is no tax advantage to leasing.
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Originally Posted by chuckg' post='240631' date='Feb 15 2006, 03:02 PM
You may want to check with your dealer on that. Typically, incentives are offered to clear old model year inventory(i.e. my06). I just spoke with a business manager at the BMW dealer in our group and he said it was 2.9 acroos the board ex.M series, 3, and 7. Also, only 2006 models qualify. Promo ends Feb. 28 unless extended. Approvals good 31 days after submision.( i.e. end of March if submitted in feb). Hopefully your salesman was correct, but I would ask to speak with the business mgr to confirm. Please let me know what you find out
You need to check with your dealer.