It’s time for BMW to clear out their 2008 models to make room for the new 2009s.  Believe it or not, BMW even has model-year-end sales, but they disguise it by using fancy expressions, such as 0.9% financing, in order to promote them.  Until September 2nd, most BMW models, except the M3, X6 and M5, will qualify for 0.9% financing.  So, what does this mean?

The average loan rate currently is 6.78%.  So if you wanted to finance a 328i sedan base model, which costs $32,700 over four years, you would pay $779.70 per month with nothing down.  In the end you would end up paying $37,426 including interest.

However, by lowering the rate to 0.9% your monthly payment will drop to $693.84, with the total term cost being $33,304.  So, do the math and you’ll find that BMW is offering a savings of $4,000 in this case.

Now is the time to take advantage of the price savings that BMW is offering.  With all of the car expenses consumers have to pay, such as new car warranties, gas costs, and car maintenance, every little bit of savings helps.