Re: anybody has downpayment/payments figures (archive)

I haven't been quoted a final figure, but from the BMW Web site calculator, it looks like it will be similar to buying it under Royal Bank's "Buy-Back" plan. The problem for M5s in Canada is that BMW are not offering an attractive lease rate, so the bank rate is about the same. The good news is that after you have owned it for a year, you can trade it in on a new one for very little difference because the dealers in Canada can sell them in the USA for virtually the new Canadian price.
I plan to buy mine using Royal Bank financing, as it is slighly cheaper than the BMW lease rate from their web site calculator.

for new M5 in Canada?
Thanks in advance
Actually, Royal buy-back loan is a lot cheaper,
since its posts 9.5% on the Web, and my bank manager told me 7.5-8 on the A1 credit.On such
sum makes a big difference.BMW lease after all
so called "admin fee's" works out to be about
13%, however there is a few things to concider:
Royal Bank plan is for private individuals only,
means you cannot get it under a company, so write-off figures are different.Also, residual from Royal is lower.May be its a best way to go with
a year old one, and put it on Royal. In TO area
there is few available in the range of $85-87K,
works out to be 20K down, under 1000 a month.
What do you think?
Eugene

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