I placed my M5 f10 for April production and its expected delivery is May 30th
I ruined my credit when I was young, 6 years ago, thus my credit is poor.
However, I've got approved, with $53k down and $1230 for 49 months and
must buy at the end of the lease at $25k, from 3rd party loaner. it is roughly $8500 more than what is asked from BMW financial. (all the prices are before taxes)
MSRP before interest and taxes in Canada with executive package and piano black trim is $111,000.
BMW financial option comes to $129788 vs 3rd part loaner $138,325 so about $8500 will go to 3rd party.
considering that I need a car, want M5 only and willing to own it as long as the car lasts, would it be a "go for it" giving that $8500 difference to 3rd party loaner, as of extra interest for my poor credit, or is it just too much?
Things have changed for me so doing that much of a downpayment and monthly payments are not an issue but I just dont want to pay more than what it is just like anyone else.
oh btw I am from Canada. please provide me advices thanks in advance