will BMW FS extend 3.9-4.9% financing on 1er?

EINSER M · 02-27-2008, 05:11 PM

Picked up our 335 last month @ 4.9% was wondering if someone knew if BMW FS has said anything regarding those rates and if applicable to the 1er?

john970 · 02-27-2008, 05:15 PM

I wish.

n54_335 · 02-27-2008, 06:00 PM

I was told at my dealer 6.9%

chaz13 · 02-27-2008, 06:27 PM

Quote:

Originally Posted by black135i

I was told at my dealer 6.9%

I was just told the same a few days ago.

imported_MPower · 02-27-2008, 06:43 PM

Quote:

Originally Posted by black135i

I was told at my dealer 6.9%

Doesn't surprise me. And with that rate and the way the economy is going (i.e. interest rates), I think it makes a good bit of more sense to finance through another bank.

Oregon · 02-27-2008, 06:46 PM

My dealer also quoted 6.9 though he expected the prime to affect his offering. With the prime about to drop, yet again, your bank might be able to get you in a rate more attractive than 6.9 as well.

ARES45 · 02-27-2008, 06:51 PM

USAA is at 4.99 right now for those who are members or eligeable.

Oregon · 02-27-2008, 07:03 PM

Quote:

Originally Posted by ARES45

USAA is at 4.99 right now for those who are members or eligeable.

Military service or relation is required.

You have to respect USAA for offering our military people a good rate for the sacrifice made by our soldiers.

drand · 02-27-2008, 07:37 PM

Pentagon Federal is also offering 4.99% and anyone can join after paying $20 to join NMFA.

E82tt6 · 02-27-2008, 07:43 PM

Just got back from my dealer. They're guessing they could get the rate down to 6.25% with some hassling for someone with an ~850 credit rating.

Personally, I don't think I could justify a finance unless it's at 0%. Even then, you WILL owe more than the car is worth in short order, which is never an attractive proposition.

EINSER M · 02-27-2008, 07:54 PM

Quote:

Originally Posted by angkor

Pentagon Federal is also offering 4.99% and anyone can join after paying $20 to join NMFA.

serious?

joelk · 02-27-2008, 07:58 PM

Quote:

Originally Posted by E82TT6

Personally, I don't think I could justify a finance unless it's at 0%. Even then, you WILL owe more than the car is worth in short order, which is never an attractive proposition.

depends on your down-payment.

of course if you have the cash to pay 100% upfront then the question is really whether you can beat 6.25% return with the cash. if you know you can then financing might make sense.

imported_MPower · 02-27-2008, 08:33 PM

Quote:

Originally Posted by E82TT6

Personally, I don't think I could justify a finance unless it's at 0%. Even then, you WILL owe more than the car is worth in short order, which is never an attractive proposition.

A car purchase is financially a poor decision anyway due to the inherent depreciation. This is something that still applies to a lease.

confusion · 02-27-2008, 08:39 PM

the last time i negotiated an interest rate, i had tremendous success pitting the dealer against a local credit union. of course, your credit score is everything. i got the credit union to beat their own best published rate and then took that to the dealership. i offered the dealership my business and promised a no-refi if they could beat the credit union. they did.

i generally use financing w/ the dealer as a bargaining chip on price and hold the credit union in reserve for refinancing but in this case, everything worked out perfectly.

penfed and usaa are the best rates i've seen so far. i'm personally hoping that the advertised rates will catch up w/ the fed cuts before i have to officially make my purchase.

edit: forgot to mention that infiniti is currently running rates as low as 1.9% on the g coupe. you might also mention that when negotiating rates w/ your dealer assuming they don't call your bluff.

BMWhokie · 02-27-2008, 08:52 PM

I was pre-approved with Navy Federal Credit Union for 5.0%

john970 · 02-28-2008, 01:39 PM

Quote:

Originally Posted by BMWhokie

I was pre-approved with Navy Federal Credit Union for 5.0%

Mind if I ask your credit? Or rather will a 720 get me that rate?

Sherifftruman · 02-28-2008, 03:33 PM

You can always check Capital One. They are at 5.74 for up to 60 months right now. THat USAA rate is sounding good though. Too bad I can't get in on it. What is NMFA? That might be an option through Pentagon FCU.

TazioNYC · 02-28-2008, 03:39 PM

My dealer quoted me in the 5%s...I forget what the decimal was.

Oregon · 02-29-2008, 07:25 PM

US Bank is offering 4.49 on a 48 month loan. I'm told Bank of America might go 4.25 if you tell em' you can get a 4.49 from US Bank.

drand · 02-29-2008, 08:31 PM

Quote:

Originally Posted by Sherifftruman

You can always check Capital One. They are at 5.74 for up to 60 months right now. THat USAA rate is sounding good though. Too bad I can't get in on it. What is NMFA? That might be an option through Pentagon FCU.

Details are on PenFeds website.

https://www.penfed.org/howToJoin/overview.asp

02-27-2008, 05:11 PM	#1
EINSER M Major General 377 Rep 5,730 Posts Drives: BMW i3 rex Join Date: May 2006 Location: SoCal iTrader: (44) Garage List 2018 I01 i3s \| CURRENT [0.00] 2018 G01 X3 \| CURRENT [0.00] 2017 I01 i3 \| SOLD [0.00] 2017 F48 X1 \| SOLD ... [0.00] 2016 I01 i3 \| SOLD [0.00] 2017 F22 M240 \| SOLD [8.00] 2016 F25 X3 diesel ... [0.00] 2006 E60 550 \| SOLD [6.00] 2011 E90 335 \| SOLD [8.66] 2012 E82 135 \| SOLD [5.50] 2011 E82 1M \| SOLD [7.94] 2007 E85 Z4M\| SOLD [4.50] 2003 E53 X5 4.6is S ... [9.00] 2008 E92 328 \| SOLD [0.00] 2008 E82 135 \| SOLD [0.00] 2008 E90 335 \| SOLD [0.00] 2003 E46 M3 \| SOLD [7.50] 2006 E90 330 \| SOLD [10.00] 2003 E46 330ZHP \| SOLD [0.00]	will BMW FS extend 3.9-4.9% financing on 1er? Picked up our 335 last month @ 4.9% was wondering if someone knew if BMW FS has said anything regarding those rates and if applicable to the 1er?
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02-27-2008, 05:15 PM	#2
john970 1er 73 Rep 1,205 Posts Drives: 08 135 Join Date: Feb 2008 Location: Denver iTrader: (0)	I wish.
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02-27-2008, 06:00 PM	#3
n54_335 Private First Class 18 Rep 126 Posts Drives: BMW Join Date: Feb 2008 Location: Santa Barbara, CA iTrader: (0)	I was told at my dealer 6.9%
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02-27-2008, 06:46 PM	#6
Oregon NRA Life Member, BMW CCA 30 year member 181 Rep 2,614 Posts Drives: 04' M3 Join Date: Aug 2007 Location: Oregon iTrader: (1) Garage List 1971 2002 [0.00] 2004 M3 [0.00] 2008 135i [0.00]	My dealer also quoted 6.9 though he expected the prime to affect his offering. With the prime about to drop, yet again, your bank might be able to get you in a rate more attractive than 6.9 as well. __________________ Resigned 1ADDICTS Moderator “To disarm the people is the best and most effective way to enslave them.” – George Mason
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02-27-2008, 06:51 PM	#7
ARES45 Major 34 Rep 1,002 Posts Drives: Join Date: Oct 2007 iTrader: (0)	USAA is at 4.99 right now for those who are members or eligeable. __________________ "Don't run, you'll only die tired" ~ Gunship Pilot
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02-27-2008, 07:37 PM	#9
drand Private First Class 7 Rep 186 Posts Drives: X3 M40 Join Date: Jun 2008 Location: Oregon iTrader: (0)	Pentagon Federal is also offering 4.99% and anyone can join after paying $20 to join NMFA.
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02-27-2008, 07:43 PM	#10
E82tt6 Colonel 103 Rep 2,626 Posts Drives: '08 Black Saphire Z4 MC Join Date: Oct 2007 Location: New Jersey iTrader: (0)	Just got back from my dealer. They're guessing they could get the rate down to 6.25% with some hassling for someone with an ~850 credit rating. Personally, I don't think I could justify a finance unless it's at 0%. Even then, you WILL owe more than the car is worth in short order, which is never an attractive proposition. __________________ '08 Black Saphire/Black Z4 M Coupe RIP Gretta: Blue Water/Lemon 135i. Died to save me. -ChuckV
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02-27-2008, 08:39 PM	#14
confusion Captain 601 Rep 836 Posts Drives: 2016 M2 Join Date: Dec 2007 Location: Austin, TX iTrader: (0)	the last time i negotiated an interest rate, i had tremendous success pitting the dealer against a local credit union. of course, your credit score is everything. i got the credit union to beat their own best published rate and then took that to the dealership. i offered the dealership my business and promised a no-refi if they could beat the credit union. they did. i generally use financing w/ the dealer as a bargaining chip on price and hold the credit union in reserve for refinancing but in this case, everything worked out perfectly. penfed and usaa are the best rates i've seen so far. i'm personally hoping that the advertised rates will catch up w/ the fed cuts before i have to officially make my purchase. edit: forgot to mention that infiniti is currently running rates as low as 1.9% on the g coupe. you might also mention that when negotiating rates w/ your dealer assuming they don't call your bluff.
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02-27-2008, 08:52 PM	#15
BMWhokie Private 8 Rep 92 Posts Drives: BMW 135i Join Date: Feb 2008 Location: Fairfax,VA iTrader: (0)	I was pre-approved with Navy Federal Credit Union for 5.0%
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02-28-2008, 03:33 PM	#17
Sherifftruman Second Lieutenant 3 Rep 295 Posts Drives: Join Date: Aug 2007 iTrader: (0)	You can always check Capital One. They are at 5.74 for up to 60 months right now. THat USAA rate is sounding good though. Too bad I can't get in on it. What is NMFA? That might be an option through Pentagon FCU.
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02-28-2008, 03:39 PM	#18
TazioNYC Lieutenant 37 Rep 466 Posts Drives: BMW 135i Join Date: Jun 2008 Location: New York, NY iTrader: (0)	My dealer quoted me in the 5%s...I forget what the decimal was.
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02-29-2008, 07:25 PM	#19
Oregon NRA Life Member, BMW CCA 30 year member 181 Rep 2,614 Posts Drives: 04' M3 Join Date: Aug 2007 Location: Oregon iTrader: (1) Garage List 1971 2002 [0.00] 2004 M3 [0.00] 2008 135i [0.00]	US Bank is offering 4.49 on a 48 month loan. I'm told Bank of America might go 4.25 if you tell em' you can get a 4.49 from US Bank. __________________ Resigned 1ADDICTS Moderator “To disarm the people is the best and most effective way to enslave them.” – George Mason
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