BOC cuts rate

2kaccordocoupe · 12-09-2008, 10:07 AM

http://business.theglobeandmail.com/.../Business/home

I wonder if BMW will follow suit and drop there lending rates?

G-Mach1 · 12-09-2008, 11:18 AM

I am sure they will. This is just the tip of the iceberg.
We will see the rates drop next year.

Nikos335i · 12-09-2008, 11:31 AM

I think sale numbers will dictate how quickly they react to rate cuts.

paullo · 12-09-2008, 12:31 PM

I would guess that we'll start to see the US/Canadian Equalization discounts start to disappear; the $0.80 dollar isn't much of an argument as it was when it was on par. Interest rates will likely dip slightly, but that isn't going to amount to the huge discounts offered up this summer and the last few months.

ehhhwik · 12-09-2008, 05:54 PM

BMW's finance rate is already at 1% for some models, if they lower it any more, it will either be at 0%, hahah!

my bank just lowered our prime rate to 3.5% from 4.00% today

G-Mach1 · 12-09-2008, 06:12 PM

Quote:

Originally Posted by ehhhwik

BMW's finance rate is already at 1% for some models, if they lower it any more, it will either be at 0%, hahah!

my bank just lowered our prime rate to 3.5% from 4.00% today

09 - E90's are at 3.9%. Way too much for the state of the ecnomy. They have to drop those.

2kaccordocoupe · 12-09-2008, 08:08 PM

^ 4.9% on a 09 E92

I ordered the first week of November and got a Jan 09 build. Delivery is scheduled for Feb... If the rate drops it would be a bonus.

youyou · 12-09-2008, 08:14 PM

Quote:

Originally Posted by 2kaccordocoupe

^ 4.9% on a 09 E92

I ordered the first week of November and got a Jan 09 build. Delivery is scheduled for Feb... If the rate drops it would be a bonus.

Not to burst your bubble but when i ordered my E92 335 back in 06 i had a December build date and i only got the car 3rd week of February...
So your probably looking at a March delivery date...
Which in some ways is better for you since you'll have less winter driving to do

2kaccordocoupe · 12-09-2008, 08:26 PM

Quote:

Originally Posted by youyou

Not to burst your bubble but when i ordered my E92 335 back in 06 i had a December build date and i only got the car 3rd week of February...
So your probably looking at a March delivery date...
Which in some ways is better for you since you'll have less winter driving to do

I have been waiting since early November, what's an extra month right

Hopefully the rates drop, the weather gets better.

youyou · 12-09-2008, 09:20 PM

Quote:

Originally Posted by 2kaccordocoupe

I have been waiting since early November, what's an extra month right

Hopefully the rates drop, the weather gets better.

Tell me about it...
I had ordered in October and tehy had promised me a January delivery date.
Well the wait was tough i won't lie but the interest rate did end up going down so i saved a few bucks

By March i'm pretty positive things will change for the better.

12-09-2008, 10:07 AM	#1
2kaccordocoupe Brigadier General 1274 Rep 4,703 Posts Drives: Former ///M Driver Join Date: Nov 2008 Location: The 6ix iTrader: (2)	BOC cuts rate - Will BMW follow? http://business.theglobeandmail.com/.../Business/home I wonder if BMW will follow suit and drop there lending rates?
	Appreciate 0 Tweet Quote

12-09-2008, 11:18 AM	#2
G-Mach1 Captain 42 Rep 759 Posts Drives: F34 - 2014 335 xi Join Date: Oct 2006 Location: Calgary-AB iTrader: (3)	I am sure they will. This is just the tip of the iceberg. We will see the rates drop next year.
	Appreciate 0 Quote

12-09-2008, 11:31 AM	#3
Nikos335i Brigadier General 92 Rep 3,822 Posts Drives: 2012 B8 S4 & 2013 F30 328xi Join Date: Nov 2007 Location: Montreal, Canada iTrader: (13) Garage List 2012 Audi S4 [9.00] 2007 E90 335i [9.00] 2011 Audi A4 Avant [10.00]	I think sale numbers will dictate how quickly they react to rate cuts. __________________ *'12 B8 S4 Ice Silver on Black/Premium/DSG/Sport Diff/Nav/Carbon Inlays/19' Titanium Wheels/RS4 Grill/AWE exhaust/Alu Kreuz/H&R OE/Pagid RS19* '13 F30 328xi Sapphire Black/Coral Red/Sportline/gloss black with matte red/Style 397 18" wheels gone: '07 E90 335i, Alpine White/Black with aluminum/sport/ steptronic/paddles/premium/Logic7 gone: '06 E61 530xi Sapphire Black/Black with aluminum/premium/panoramic sunroof/Logic7/PDC
	Appreciate 0 Quote

12-09-2008, 12:31 PM	#4
paullo Captain 30 Rep 686 Posts Drives: ThreeThreeFive Join Date: Jun 2005 Location: Vancouver, BC iTrader: (1) Garage List 2008 335i [0.00]	I would guess that we'll start to see the US/Canadian Equalization discounts start to disappear; the $0.80 dollar isn't much of an argument as it was when it was on par. Interest rates will likely dip slightly, but that isn't going to amount to the huge discounts offered up this summer and the last few months. __________________ 2008 335i \| Sport \| Premium \| USB \| SSK \| æ \| Unsprung Diet 2006 330i \| Sport \| Premium \| Active Steering \| M-Sport Aero Kit \| Retired
	Appreciate 0 Quote

12-09-2008, 05:54 PM	#5
ehhhwik Brigadier General 114 Rep 3,431 Posts Drives: 09' BMW 335d, 07' BMW E92 328i Join Date: Oct 2006 Location: Vancouver, BC iTrader: (5)	BMW's finance rate is already at 1% for some models, if they lower it any more, it will either be at 0%, hahah! my bank just lowered our prime rate to 3.5% from 4.00% today __________________ Current: 09' E90 335d - Titanium Silver/Black Leatherette/Sports Package/6AT Paddle Shift/USB Integration/19" Staggered Breyton GT Gloss Black Retired: 07' E92 328i (Jet Black)
	Appreciate 0 Quote

12-09-2008, 08:08 PM	#7
2kaccordocoupe Brigadier General 1274 Rep 4,703 Posts Drives: Former ///M Driver Join Date: Nov 2008 Location: The 6ix iTrader: (2)	^ 4.9% on a 09 E92 I ordered the first week of November and got a Jan 09 build. Delivery is scheduled for Feb... If the rate drops it would be a bonus.
	Appreciate 0 Quote