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E90 M3 (Sedan) | E92 M3 (Coupe) | E93 M3 (Convertible) (2008-2013) {Engine: S65 - Max Hp: 414 hp (420 hp Euro) at 8,300 rpm / 295 lb/ft at 3,900 rpm}


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Old Fri, May-08-2009, 12:00:30 AM   #41
MJMM3
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You can put as much down as you want, I put $10K down. But I could have put that $ in a CD. If I had I would be earning 3% interest, rather than saving 00.9% interest. I wanted lower payments so did it this way.
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Old Sat, May-09-2009, 03:14:49 PM   #42
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Since BMW Select is considered a purchase, does the purchase qualify for the 2009 above-the-line sales tax deduction? At least for the portion up to $49,900 (I believe).
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Old Sat, May-09-2009, 05:37:38 PM   #43
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OK....the same wizards that have screwed up the housing market came up with tons of ways to afford something out of reach. No $$ down, interest only loans, balloon payments, etc....can always be justified by someone who desires/lusts after something a little bit out of touch. The simple math always works out to the lien holder’s advantage. If you are using a ‘non-standard’ $$$ plan to put your dream in your garage/driveway, you are paying someone……and that someone likes it and makes it easy to afford. In the long run they win big time and you lose just as big.
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Old Sat, May-09-2009, 08:22:03 PM   #44
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Originally Posted by raustin View Post
OK....the same wizards that have screwed up the housing market came up with tons of ways to afford something out of reach. No $$ down, interest only loans, balloon payments, etc....can always be justified by someone who desires/lusts after something a little bit out of touch. The simple math always works out to the lien holder’s advantage. If you are using a ‘non-standard’ $$$ plan to put your dream in your garage/driveway, you are paying someone……and that someone likes it and makes it easy to afford. In the long run they win big time and you lose just as big.
More often than not you are right.
In this case you could not be more wrong.
I am paying $8 less per month than I was for my G35.
With such a low interest rate and other incentives you can't let these deals pass.
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Old Sat, May-09-2009, 08:56:38 PM   #45
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The simple math always works out to the lien holder’s advantage.
Of course it works out to their advantage ... otherwise they wouldn't offer it. But nevertheless, there are ways to game it so you can take advantage of it too. The completely safe thing to do is to just pay cash for the car, but then you have all that cash tied up in the car. Why not dump the money into a CD earning *more* than the interest rate on the loan, and have it around in case of emergency? Not everyone is disciplined enough to actually do that, but at least the theory is sound.
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Old Sat, May-09-2009, 09:50:00 PM   #46
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Of course it works out to their advantage ... otherwise they wouldn't offer it. But nevertheless, there are ways to game it so you can take advantage of it too. The completely safe thing to do is to just pay cash for the car, but then you have all that cash tied up in the car. Why not dump the money into a CD earning *more* than the interest rate on the loan, and have it around in case of emergency? Not everyone is disciplined enough to actually do that, but at least the theory is sound.
Absolutely.
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Old Sun, May-10-2009, 12:05:20 AM   #47
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Ok, WHY?

Its basically like a lease without mileage restriction....
ya but after those 5 years you have to finance 25k , means you have to keep the same car for 7 to 10 years unless you can afford to pay 25k. A lease u pay the 650 and don't need to worry about keeping a car that's out of warranty... I can see why people would want it though, u can modify ur car and put as many miles on it, just wouldnt want the same car for that long with the hope that when the 5 years are up its still worth the 25k after i put my "unlimited miles" on it. To each there own, I would just lease a car with the amount of miles I need for myself.
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Old Sun, May-10-2009, 12:12:43 AM   #48
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Originally Posted by tron1043 View Post
Since BMW Select is considered a purchase, does the purchase qualify for the 2009 above-the-line sales tax deduction? At least for the portion up to $49,900 (I believe).
you should ask the dealership to be certain but i don't see why it wouldn't qualify.
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Old Sun, May-10-2009, 03:29:24 AM   #49
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This is perfect time to do a balloon note, with the HUGE discounts off msrp.

I have friend who work for GM years back. He bought all his cars with balloon notes. He got such amazing deals on the purchase price, he would actually sell the car for a profit down the road.
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Old Sun, May-10-2009, 06:50:24 AM   #50
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I have decided not to go with this financing. I will probably wait till next year and get a used 09 model and save few bucks
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Discussing Is BMW Select/Balloon financing a bad option? in the E90 M3 (Sedan) | E92 M3 (Coupe) | E93 M3 (Convertible) (2008-2013) Forum - {Engine: S65 - Max Hp: 414 hp (420 hp Euro) at 8,300 rpm / 295 lb/ft at 3,900 rpm} at BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X)