01-15-2011, 12:22 PM | #2 |
First Lieutenant
27
Rep 304
Posts |
BMW Select is just a balloon finance. The advantage is you only pay low monthly payment and you can drive the car away. But you will end up with a big amount of balloon balance by the end, and you will also being charge for more interest.
|
Appreciate
0
|
01-16-2011, 01:12 PM | #3 |
Private
2
Rep 85
Posts |
Can be a good alternative to leasing if low incentivised interest rates are available (.9 or 1.9 for 60 months), you plan to drive fewer than 12k/year and you take very good care of your car. Otherwise, leasing usually makes more sense.
|
Appreciate
0
|
01-24-2011, 11:35 AM | #5 |
First Lieutenant
27
Rep 304
Posts |
The overall interest is being paid more. It is just like a leasing, but you don't have a choice to return the vehicle at the end of the term. You have to buy it.
|
Appreciate
0
|
01-24-2011, 09:15 PM | #6 |
Major
48
Rep 1,265
Posts
Drives: 2011 BMW X5 Sport
Join Date: Jan 2008
Location: Escondido, Ca
|
They tried selling me on that but after working out the numbers , it was full of FAIL. Don't do it.
__________________
2011 X5 Sport
Black Sapphire w/ Black Perforated Nevada/ DK Bmboo Technology/ Vented Seats/ Cold & Convenience / Multi Contour seats/ 20" wheels and more... 2004 Mustang GT Vert. - Modded |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|