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Originally Posted by cbnat
The 08's are drying up. I just bought an 09 on Saturday. 1k over invoice and 0.9% financing for 60 months. I may have been able to get it at invoice if I pushed harder, but I'm happy with the price. I kept my money in the bank and put zero down. It's as close to interest free I have ever seen on a luxury vehicle and the discounts the dealers are offering are unheard of. Even in the unlikely chance things get better (meaning prices drop more) the cars are still a great deal now. If your waiting for the bottom you may miss it. Also I figure any changes in the car are going to be a holding point for price negotiation.
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I think we are safe for awhile on discounts and low APR on cars even on luxury brands--I saw Lexus has been doing low rates as well (which I don't recall they have ever done that). I would guess there will be discounts and low APR offers by BMW through late next year (only time will tell). I have a paid off e53 and not in a big hurry but like you want to get the best deal out there but am hedging that things aren't going to change in the economy too much next year which forces auto manufacturers to get customers into the showroom.