My Take: To answer Caren’s question from the 3-series post, the answer would be a resounding “YES, buying IS better than leasing the 1-series this month”. Here’s why…The money factor for the 128i Convertible is a whopping .00225 to .00260, depending on which term you choose. That basically breaks down to 5.4% and 6.24% APR, respectively. Right now, there’s 2.9% financing available for up to 60 month (OAC) through BMWFS, so that would be what I would recommend. There is also $750 Loyalty Cash available so make sure to factor that in if you qualify for it. Since Caren is looking for a convertible, I’ll pop some numbers and calculate the monthly payment ranges for a base 128i Convertible. Remember, for every $1000 extra in options you add, that’s another 25-30 bucks more a month.
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| At Invoice | At MSRP | |||||
| Make/Model | Invoice | MSRP | 24-month | 36-month | 24-month | 36-month |
| 09 BMW 128i Convertible | $32,105 | $34,825 | $476 | $439 | $595 | $521 |
NOTE: Estimates assuming the following conditions:
- Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
- Local Taxes not included.
- 24-month/15k and 36-month/15k terms.
- All cars are stock, without any options.
- No rebates/incentives applied
2009 BMW 1-Series
2009 BMW 128i Coupe
24-month | 15k miles | residual 67% | .00200 base money factor
36-month | 15k miles | residual 57% | .00200 base money factor
48-month | 15k miles | residual 43% | .00260 base money factor
60-month | 15k miles | residual 35% | .00260 base money factor
2009 BMW 128i Convertible
24-month | 15k miles | residual 68% | .00225 base money factor
36-month | 15k miles | residual 59% | .00225 base money factor
48-month | 15k miles | residual 45% | .00260 base money factor
60-month | 15k miles | residual 37% | .00260 base money factor
2009 BMW 135i Coupe
24-month | 15k miles | residual 67% | .00220 base money factor
36-month | 15k miles | residual 59% | .00220 base money factor
48-month | 15k miles | residual 44% | .00260 base money factor
60-month | 15k miles | residual 37% | .00260 base money factor
2009 BMW 135i Convertible
24-month | 15k miles | residual 67% | .00250 base money factor
36-month | 15k miles | residual 59% | .00250 base money factor
48-month | 15k miles | residual 45% | .00260 base money factor
60-month | 15k miles | residual 37% | .00260 base money factor
My Take: I’ve been kind of curious as to what the payment ranges would be for the 2010 GLK-Class. Seems like a lot of the european luxury brands are jumping on the compact crossover bandwagon, so I thought that it would be nice to know what kind of numbers we’d be looking at here. As you can see just by looking at the rates, the money factor is not very friendly this month. In contrast, the purchase financing rates are superb! 0.9% financing for up to 66 months! I would probably recommend a BUY instead of a lease on the GLK for this month. If the lease rates drop below the 0.9%, then I will probably change my mind. I don’t see any cash rebates yet, but I certainly would not pay MSRP on anything out there because that’s just not the kind of market we are in right now.
My Take: GTi rates looks pretty decent. The residual is fairly low, but so is the money factor. As a matter of fact, it is actually lower than their lowest APR for purchase financing. So leasing, is probably the cheaper option. I’ve always had a soft sport for the GTi, but the honeycomb grill needs to go. They should go with the chrome-nose that the Jettas and R32s have to keep things in the VW family more uniform. Anyway, not a bad lease-to-buy candidate, if that’s what you want. The lowest financing APR available is 3.9% for up to 36 months. There are two cash rebates for customers this month, a loyalty one worth $500 and a $1000 for any customer financing with VW. The Loyalty rebate expires tomorrow and the $1000 customer cash expires on 5/4/2009.
My Take: Yup, you guessed it! I’m just trying to amuse myself by doing some payment estimates on the Nissan GT-R. Don’t expect this car to go for invoice price since it’s a limited production vehicle. Another thing to note is that the 2010 GTR gets a $4000 bump in base price, so don’t expect things to get cheaper any time soon. Surprisingly enough, the residual is fairly strong. Unsurprisingly enough, the money factors stink. Gotta make money somehow, right?