chuck92103
10-03-2008, 09:46 AM
Okay I confirmed with BMWFS that i will NOT get the 2.9% rate unless it is negotiated through the dealer and certified. If I go through BMWFS they said the rate is something like 6.9%.
So to simplify all your comments above, I basically add in the $2500 certification fee, and see if that ends up being cheaper than 6.9% right? Which it is ...
His numbers based on current car value were $970 a month (versus $1451 a month im paying now - WOW!) ... in 4 months when my lease ends, car will be worth even less and payment even less. - Awesome! Same exact car, still looks showroom new, and Im getting 600+ off my payment ....
I seem to remember going at it with a couple guys on this board who told me transitioning from a lease to a loan never results in much of a payment difference.
Someone said certification should only be $2000 ... is that right?
-N-
Not sure what you mean. How long is the finance term? 4 years? Couple that with a 3 year lease term and the car is essentially financed for 7 years. So logically the payment would go down since you are now buying a 3 year old car.
Had you switched from a lease to a loan a few years ago, than the payment delta would ahve been different.
So to simplify all your comments above, I basically add in the $2500 certification fee, and see if that ends up being cheaper than 6.9% right? Which it is ...
His numbers based on current car value were $970 a month (versus $1451 a month im paying now - WOW!) ... in 4 months when my lease ends, car will be worth even less and payment even less. - Awesome! Same exact car, still looks showroom new, and Im getting 600+ off my payment ....
I seem to remember going at it with a couple guys on this board who told me transitioning from a lease to a loan never results in much of a payment difference.
Someone said certification should only be $2000 ... is that right?
-N-
Not sure what you mean. How long is the finance term? 4 years? Couple that with a 3 year lease term and the car is essentially financed for 7 years. So logically the payment would go down since you are now buying a 3 year old car.
Had you switched from a lease to a loan a few years ago, than the payment delta would ahve been different.