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
Thanks!