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      04-04-2008, 07:47 AM   #23
sparkyg
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Yeah, true, but you need to pay more to own such an ugly car, not a threat to BMW sales
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      04-04-2008, 08:37 AM   #24
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Quote:
Originally Posted by ians View Post
No really. For my case, the end up total to lease & to finace is within $500, so to lease give me a piece of mind that if the car is troublesome in the future or the resale value dropped a lot lower than the residual then I can just return it and get a new one instead even I assume I will buy it back. I just put my buy back fund into GIC with 4% interest now, so I am cover either way.
How come your lease payment is $500? Is it for 39 months or 48?
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      04-04-2008, 09:26 AM   #25
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How come your lease payment is $500? Is it for 39 months or 48?
No, I meant the total cost of finance for 60 mth is only $500 cheaper than lease for 36 mth and then buy it back in cash.
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      04-04-2008, 09:44 AM   #26
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Originally Posted by ians View Post
No, I meant the total cost of finance for 60 mth is only $500 cheaper than lease for 36 mth and then buy it back in cash.
Ah, ic, must've read it wrong. Thought I was getting jipped with my lease quote.
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      04-04-2008, 09:52 AM   #27
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I think I am one of the highest monthly lease payment accoss the borad and I am stuck for another 2 years.
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      04-04-2008, 10:55 AM   #28
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I think I am one of the highest monthly lease payment accoss the borad and I am stuck for another 2 years.
I thought you bought yours cause you've done so much mods to yours already. Are you planning to buy it at the end of the lease term?
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      04-04-2008, 11:04 AM   #29
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I thought you bought yours cause you've done so much mods to yours already. Are you planning to buy it at the end of the lease term?
I dont think so....its my daily drive car and with all the salt on the road thru out the whole winter, I don't think I will keep any car. Also, I can have execuse to change car every 3 years I will part out all the things I done before the lease end.
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      04-04-2008, 07:01 PM   #30
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I think I am one of the highest monthly lease payment accoss the borad and I am stuck for another 2 years.
im there with you... but i enjoyed being one of the first 335's on the road
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      04-04-2008, 08:18 PM   #31
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Originally Posted by Lotus99 View Post
Home mortgages though (unless specifically tied to prime) from what I know are tied to long term interest rates, not short term ones, b/c typically they're amortized over 25 years.
Actually mortgage rates are tied to the yields of long-term bonds, and with the sub-prime / asset back commercial paper fiasco, there is now a disconnect (banks are more hesitant to lend money to other banks, let alone Joe Blow who wants a residential mortgage).

The 25 yr amortization period most of us once used for residential financing is quickly being replaced by 35 & 40 yr amortizations (especially popular with the younger crowd)
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      04-05-2008, 10:48 PM   #32
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BMW Group Canada announces March sales
WHITBY, ON, April 1 /CNW/ - BMW Group Canada reported today March sales
of 1,880 BMW and MINI vehicles, a decrease of 23.3% over March 2007 sales.
Year-to-date BMW and MINI sales are 4,532 units, a decrease of 13.1% over the
same period last year.
The BMW brand retailed 1,584 units in March 2008, a decrease of 25.6%
over March 2007. BMW year-to-date sales are 3,835 units, down 15.1% compared
to last year.
Year-to-date BMW Certified Pre-Owned sales are up 6.4% to 1,449 compared
to the same period last year. Total year-to-date Pre-Owned sales are 1,726
units, down 3.6%. BMW Certified Series Pre-Owned sales in March were 552
units, a decrease of 5.32% compared to March 2007. Total Pre-Owned BMW sales
were 644 units in March, down 14.2%.
BMW Motorrad Canada March sales were 75 units, a decrease of 50.0%.
Year-to-date, Motorrad has retailed 99 units, down 53.3% from last year.
MINI Canada sales were 296 units in March, down 8.4% from the March the
previous year. MINI has retailed 697 units in Canada year-to-date, a minimal
decrease of 0.1% compared to the same period last year.
MINI Canada Pre-Owned division celebrated best ever March sales. MINI
Next Certified Pre-Owned sales were 44 units in March, up 22.2% from March
2007. Total MINI Pre-Owned sales were 59 units for March, an increase of 5.4%.
Year-to-date, MINI Next Certified Pre-Owned saw a 22.6% increase in sales to
103 units. Year-to-date total MINI Pre-Owned sales are 154 MINIs, up 22.2%
compared to the same period last year.
"We expect a strong increase in sales in the coming months with the
introduction of many new models and sales incentives. New models for 2008
include the MINI Clubman, BMW 1 Series, BMW M3, BMW X6 Sports Activity Coupé,
BMW 335d Advanced Diesel and X5 35d Advanced Diesel," said Lindsay Duffield,
President & CEO, BMW Group Canada. "Beginning today we are offering attractive
lease and finance rates as low as 2% or $4,000 alternate cash back on many of
our high volume models like the 335i and 335xi Sedan."

BMW Group Canada, based in Whitby, Ontario, is a wholly-owned subsidiary
of BMW AG and is responsible for the distribution of BMW luxury performance
automobiles, Sports Activity Vehicles, Motorcycles, and MINI. BMW Group
Financial Services Canada is a division of BMW Group Canada and offers retail
financing and leasing programs on new and pre-owned BMW and MINI automobiles,
as well as retail financing for new and pre-owned BMW Motorcycles. A total
network of 40 BMW automobile retail centres, 18 BMW motorcycle retailers, and
24 MINI retailers represents the BMW Group across the country.




For further information: Stacy Morris, Corporate Communications
Specialist, BMW Group Canada, (905) 428-5076, stacy.morris@bmwgroup.ca
where did you get this information from? do you have a link to bmwca or something.

I ordered my 08' 335i in late january and I had my SA write on my order form "customer qualifies for any programs offered by bmw canada upon delivery". and i should be picking up the car within the next two weeks.
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      04-05-2008, 11:01 PM   #33
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Originally Posted by harinder View Post
where did you get this information from? do you have a link to bmwca or something.

I ordered my 08' 335i in late january and I had my SA write on my order form "customer qualifies for any programs offered by bmw canada upon delivery". and i should be picking up the car within the next two weeks.
You'll get whatever BMW Canada is offering at the time of delivery (pick up). I believe that's currently $4,000 on the 335 (until end of May). I know they also just upped the "alternate cash back" on the 535Xi from $5K to $6K
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      04-06-2008, 10:32 AM   #34
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Quote:
Originally Posted by harinder View Post
where did you get this information from? do you have a link to bmwca or something.

I ordered my 08' 335i in late january and I had my SA write on my order form "customer qualifies for any programs offered by bmw canada upon delivery". and i should be picking up the car within the next two weeks.
see here:

http://www.newswire.ca/en/search/ind...Date=&EndDate=

most major car companies publish their monthly results and release to the public... you can find these releases on the Canada Newswire site...
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      04-10-2008, 08:40 PM   #35
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I read the National Post on Wed, they had a half page ad about the deals on cashback and lease.

The cashback is for April only and the car has to be picked up in April.
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      04-10-2008, 08:49 PM   #36
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Quote:
Originally Posted by sparkyg View Post
The cashback is for April only and the car has to be picked up in April.
So the $4,000 cash back won't work on orders if they don't have your car in stock??? That is a big pile of crap, if that's what it is!

Do they look thru all of Canada for inventory, or just in the province or city that you are in to locate inventory that particular dealer doesn't have?
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      04-10-2008, 09:17 PM   #37
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So the $4,000 cash back won't work on orders if they don't have your car in stock??? That is a big pile of crap, if that's what it is!

Do they look thru all of Canada for inventory, or just in the province or city that you are in to locate inventory that particular dealer doesn't have?
The cash back offers are available for various models delivered by a particular date. Correct me if I'm wrong, but it's currently $4K for 335 models delivered up to / before the end of June. A family member has a 5 series on order, and the guaranteed $5K rebate was only valid until the end of May. It's since been revised to $6K rebate till the end of June (or July).

BMW Canada sold 23% fewer vehicles in the 1st Qtr of 2008 (vs same period in '07). I'd say they're motivated to keep the cash back rebates coming, until sales pick up OR the Canadian dollar falls to below $0.90 US.
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      04-16-2008, 05:25 PM   #38
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it'll be interesting to see how sales respond to their Spring Sales Drive this month .... i suspect that it should at least stop the decline; more likely, it will cause sales to shoot up if what happen in nov/dec last year is any indication...
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      04-16-2008, 08:15 PM   #39
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Quote:
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The cash back offers are available for various models delivered by a particular date. Correct me if I'm wrong, but it's currently $4K for 335 models delivered up to / before the end of June.
My SA told me today (verbally) that as long as you order now (although he didn't quite say until when if you order) and get it delivered before September, you'd qualify. I'd heard from a lot of people that it depends on your delivery date, and that if (for argument purposes) June 30 was the deadline, but you got your car delivered July 3, you were out of luck. At first he said the same thing to me, and i said if that was the case, I wouldn't be interested in buying a car since I have no control over the delivery date, but I believe he checked with some higher ups and they said they'd honour it (or possibly the guideline really is that if you order by a certain date, you'd lock in the rebate).
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      04-16-2008, 09:27 PM   #40
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Not sure, last fall when they had $1500 cash back I did not qualify due to delivery date.

Be good to get it in writing, that may not hold water either though.
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      04-16-2008, 10:29 PM   #41
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Well, I think BMWCA should take a hard look at AMG C63's pricing to see why a consumer would want to pay more money (over 10K) for the M3. I was at the Town and Country today and I saw a AW M3 with CF roof. Loved it but if I were to spend my money today, I would see a 3-pointed star in my driveway.
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      04-17-2008, 12:16 AM   #42
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Quote:
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Be good to get it in writing, that may not hold water either though.
Hmmm... was thinking of getting it in writing of course, by writing that "the rebate will be valid regardless of delivery date" and I was even going to add to it "customer also entitled to any other promotions available from BMW Canada at time of delivery".

Is the quote that you sign not a binding offer that they need to honour when it arrives? Unless they write a disclaimer of some sort for the rebate?
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      05-01-2008, 07:06 PM   #43
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BMW Group Canada reports record April sales
MINI sets new monthly sales record

WHITBY, ON, May 1 /CNW/ - BMW Group Canada (BMW and MINI brands combined)
reported best ever April sales month with 2,766 vehicles retailed, an increase
of 5.1% over April 2007. Year-to-date, BMW and MINI combined sales are 7,298
units, down 7.0% compared to the same period last year.
The BMW brand also achieved record April sales with 2,310 vehicles sold,
an increase of 2.3% over April 2007. Year-to-date, 6,145 BMWs have been sold,
down 9.3% from the same period in 2007.
BMW Motorrad Canada retailed 300 BMW Motorcycles in April 2008,
representing a 23.0% sales increase over April 2007. Year-to-date Motorrad
sales are 399 units, down 12.5% compared to the same period last year.
BMW Pre-Owned sales increased 21.0% in April to 779 units sold. Of those
units, 664 vehicles were BMW Certified Series, an increase in 20.3% over April
2007.
Year-to-date, BMW Certified Pre-Owned sales are up 55.1% to 2113 units,
compared to the same period last year. Total BMW Pre-Owned year-to-date sales
are 2,505 units, which is a 39.9% increase compared to the same period in
2007.
MINI Canada celebrated its best ever sales month in MINI's history. There
were 456 MINIs retailed in April, up 22.3% over April 2007. Year-to-date, MINI
sales have increased 7.7% in Canada compared to the same period last year,
representing 1,153 MINIs retailed.
MINI Pre-owned sales experienced their best ever sales month in April.
Total MINI Pre-Owned sales were 89 units, up 50.9% from April 2007. MINI NEXT
Certified Pre-Owned sales were 47 units in April, an increase of 6.8%.
Year-to-date, total MINI Pre-Owned sales are up 92.9% to 243 MINIs. MINI
Next Certified Pre-Owned sales are up 78.6% to 150 units year-to-date.

BMW Group Canada, based in Whitby, Ontario, is a wholly-owned subsidiary
of BMW AG and is responsible for the distribution of BMW luxury performance
automobiles, Sports Activity Vehicles, Motorcycles, and MINI. BMW Group
Financial Services Canada is a division of BMW Group Canada and offers retail
financing and leasing programs on new and pre-owned BMW and MINI automobiles,
as well as retail financing for new and pre-owned BMW Motorcycles. A total
network of 40 BMW automobile retail centres, 19 BMW motorcycle retailers, and
25 MINI retailers represents the BMW Group across the country.




For further information: Jochen Frey, Corporate Communications Director,
BMW Group Canada, Office: (905) 428-5005, Cell: (416) 627-0436,
Jochen.frey@bmwgroup.ca; Stacy Morris, Corporate Communications Specialist,
BMW Group Canada, Office: (905) 428-5076, Cell: (416) 357-1728,
stacy.morris@bmwgroup.ca
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      05-01-2008, 07:30 PM   #44
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Thanks for the info.
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