Quote:
Originally Posted by thebishman
Purchase the car; don't lease. With that much of a down payment you'll easily get financed and for much better terms even at MSRP.
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No he won't. He's sub-prime as he was mentioning.
They basically are working on the assumption that there is a 50% probability they lose both the car and the payments. It's absurd really - i mean even if a customer were to default you can always repo the vehicle and these BMWs are easy to track via GPS. I'd love to lend cash on a 4 year secured loan with a 50% downpayment at a 25% APR.
He should just do a cash purchase for ~$100k, or go used or get something less expensive. The bank is trying to rape him.