Member, P500 Sport, MDM on (>800)
Join Date: Feb 2001
Location: Tucson, AZ
Thanked 343 Times in 187 Posts
BMW's alternative financing programs are "interesting" to say the least.
For a long time they offered a balloon payment program called Owner's Choice which was designed for the states in which leases are double-taxed (IL, TX, and others). This looked and smelled like a lease including the same turn-in options at the end.
BMW Select is a similar program, but without any residual protection. In other words the balloon payment is what it is and you are responsible for that at the end of the normal payments. There's no turn-in... you owe ALL of the money. Can you imagine financing an E60 M5 this way at a $100K sticker? At the end of 3 years you still owe more than $60K on the car and it's worth about $38K. Ouch!
'12 Alpina B7 SWB Alpina Blue/Black (On Order)
'11 1M Coupe Alpine White/Black
'08 M6 Coupe Stratus/Black
'03 M5 Sedan Imola Red/Black (gone, but not forgotten)
'93 M5 Sedan (3.6) Sterling Silver/Black
'11 550i Dark Graphite/Oyster-Black (wife's car)
Past: '11 M3 Coupe | '08 M5 Sedan | '10 M3 Coupe | '07 M6 Coupe | '07 Z4 M Coupe | '04 M3 Coupe | '02 M5 Sedan | '95 M3 Coupe -- x2