This is my first post on this forum. I've been driving around my '08 535 for a while and absolutely loved it. LOVED IT. Got totaled yesterday in a hit and run so now I'm on the search again. Needless to say I'm devastated. In search of a new car at the BMW dealership I went to in Southern California I was offered BMW Select Financing to keep monthly payments low which gives me the advantages of a lease but with no real restrictions which gives me the advantages of ownership (plus I hold the title). I was considering going the traditional financing route but this has really peaked my interested considering 0.9%apr. If the rate wasn't that low I probably wouldn't be considering it. I forget the exact details but I was looking to buy a CPO 2012 328i Premium and tech package with some added features and 29k miles for around $29k if my memory serves me right. I was going to put a $4k down payment. In my case the balloon payment would be $12,500 after 48 months. What is interesting is that I was told if I stick to 15k miles a year, BMW would take the car back from me at that balloon payment. And if I drove it less I could have some equity in the car. If I drove it more I'd risk negative equity. There aren't any mileage restrictions on the car, but that was part of the deal to give me some peace of mind I assume. For anyone that has used Select financing, what have been the pros and cons? These interest rates seem hard to beat. This will be only the 2nd car I've bought on my own so I don't all too much experience which is why I came to this forum to seek a little clarity! Thank you!