135i Financing Rate Change (0.9% vs. 2.9%)

[linsam]

I am a bit bummed. I bought my car last Saturday and got 2.9% financing from BMW North America. The 2.9% rate was their promotional rate though 10-31-08. Today, I look at the website and now the rate is 0.9% through 10-31-08. I plan to call BMW NA on Monday to see what can be done about me getting the lower rate. I sort of feel that it is not fair. Technically, I bought the car during the promotional period and feel that I should get the lower rate as well. Is anyone here in a similar position? Any advice or suggestions for when I call BMW NA? Do I even have a chance?

Thanks! I don't mean to complain. Something just does not feel right here. If the lower rate of 0.9% was effective Nov. 1st, I would be totally okay with things.

Thanks, again!

[jayce]

why not cancel and re-order?

[Sephiroth]

How much money are you saving 0.9% vs 2.9%? 60mo?

[linsam]

I can't cancel --- I already bought the car. If they will honor the 0.9% rate, I will save about $2,500 over a 60 month period.

[niquev]

hi linsam,

where did you buy your 135 vert? did you get a good deal otherwise? i'm on the verge of buying one myself.

[ptack]

Like you want alot of sympathy from those of us who got ZILCH of a deal from BMW??

[onehungevo]

As far as I know you can return a car within 30 days.

[Cooldaddygroove]

In Canada we have a "cooling off" clause during which you can return your vehicle and cancel your deal. Nothing like that in CA? Not even a 7 day satisfaction warranty?

I looked at the dealer's websites and the special financing rate only applies to specific "in stock" vehicles, not all vehicles. That may make it more difficult for you to negotiate.

[drand]

Originally Posted by onehungevo

As far as I know you can return a car within 30 days.

You might be able to do that in your state but that is not the case in most states.

I don't know if there is much you can do. I think it is worth contacting BMWFS, but I wouldn't expect to have anything come out of it. Prices and finance rates change and when sometimes you miss out because of timing.

[linsam]

Thanks for the input. We do not have a cooling off period here in California.

I will call BMW tomorrow. I will try to make my case by stating that I bought my car during their promotional period and that I feel justified to get the lower rate. I have never seen BMW change their rates mid-promotional period, so I felt confident that my rate was locked in until the end of October when I bought my car. The promotion started in September and was supposed to run until 10/31. They changed the rate on 10/4. How terrible for the person who might have bought on 10/3. I bought on 9/27. The effort is definitely worth a phone call.

I got a great price for my car (so that will make me feel better if they do not change my rate). niquev --- I got my car from Crevier.

[audi2bmw1]

is that jsut your dealer running that rate or is that new promo for the 09 i got approved through my credit union for the best rate at the time which was 4.65 i have taken the loan yet untill the car gets here and i take it home..just wondering if i should try and the get the BMW offer hmmm

[LemansE82]

Originally Posted by linsam

I can't cancel --- I already bought the car. If they will honor the 0.9% rate, I will save about $2,500 over a 60 month period.

if your savings is around $2500, i'm guessing your financed amount about is about 40k?

[1bonna]

Is this on a 2008 or 2009

[LemansE82]

Originally Posted by comotu1

Is this on a 2008 or 2009

Looks to be 08's only.