2008 BMW Models Get 0.9% Financing
The 2009 BMWs are on the way, and it’s time to get rid of the 2008s. Yep, BMW has model-year-end sales too, they just use fancy terms, like 0.9% financing, to promote them. Through Sept. 2, all 2008 BMW models — besides the X6, M3 and M5 — will be eligible for 0.9% financing for qualified buyers. What does that mean?
The current average loan rate is 6.78%, so say you want to finance a base 328i sedan, which starts at $32,700, over four years. Putting nothing down on the car (and let’s keep tax out of the equation), your monthly payment would be $779.70. That’s a lot of money for a 3 Series; in the end you’d wind up paying $37,426 with all the interest included.
Lower the rate to 0.9% and your monthly payment drops to $693.84, with total cost over the term of $33,304. So BMW is basically offering a $4,000 discount here. The math is rudimentary, but 0.9% is a good deal on any car, let alone a BMW. Oh, and because the 328i is one of the most affordable BMWs on the lot, the savings only go up as you move up through the model range.
BMW Financing Offers (BMW USA)
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