[smellygas]

I don't think this is a nationwide financing incentive, based on looking at dealer websites and newspaper ads...may just be Mono's dealership in particular.

Regardless, you can usually get good rates online - for instance, both CapitalOne and Eloan offer 5.75% for 60 months. My credit union offers 4.2%, and there's another one in my city that offers 5.14% (both for 60 month). I would suggest that new buyers shop around before financing through the dealer.

SmellyGas

[BM2006i]

really? I must go and ask my dealer cause I have recieved all the bank's disclosure forms to sign for 5.44% finance for 3 years.. ..if it's 2.9%, then it will be a close deal with the dealer.

[hotsand5]

they told me that i should have more money down, I only put 4,500 down. It was in a bit more affluent area where I bought the car, and they said that most people buying this car but about 12-20 large down, so they qualify for the "prime" rates. I think that is why I got 7.5%...also I was 23 when I bought the car, so I think that the lack of credit history, even with the great score, hurt my chances for a better rate.

[Mono]

I got the e-mail from Bill Jacobs BMW in Naperville, IL. I think it's just their dealership. Also, their e-mail said on some 2006 models (excluding the 7 series). I spoke them and they are definitely offering 2.9% for 60 mos. on the 3 series.

[desinole]

Originally Posted by Mono

I got the e-mail from Bill Jacobs BMW in Naperville, IL. I think it's just their dealership. Also, their e-mail said on some 2006 models (excluding the 7 series). I spoke them and they are definitely offering 2.9% for 60 mos. on the 3 series.

I think that means they have a few cars that they have not sold and would like to sell them. I think it will not apply to cars that we need custom designed.

[CALIF65GM]

Must be only on a 24 month loan or some other catch to it.

I just re-financed with my credit union at 5.25%.

[IDENTITY_MOTORSPORTS]

wow, u guys have some good credit. i suck.

[Barry626]

Originally Posted by BMWalopez01

TXusa03 Do you think that 751 credit score is low?

Excellent!
Most people fall around 670.
700's is great & 800-850 is top credit!

[sweet coffee]

I confirm Mono's quote of 2,90% financing. I just signed on Jan 26 for a 330D in Belgium and that is what BMW Financial Services is offering . The offer is valid till Feb 25; I guess that's one month from purchasing date. I did tell them I'd put 15% down but when I had them over the phone a few days later they said they were willing to finance 100%.

Not a bad deal!

[RedBirdRuss]

I received this email yesterday from autonation.com

2.9 % For 60 Months

This offer is available for a limited time

BMW Financial Services is proud to announce
2.9 % financing available on select models...

All 3 series, 5 series, X3 and X5 models.

Please contact dealer for complete details on this offer. This does not apply to X5 4.8is, M3, and M5 models.
This offer is good thru Feb 28, 2006 - no other offers apply.


Notice: You are receiving this email because your email address was used to receive an on-line price quote, or because it was provided with a vehicle request. If you did not provide this email address or would not like to receive our promotional email offers, please opt out. Please allow a reasonable time to process your request. Most requests are processed within ten (10) business days. During such time you may receive additional emails from us. Please disregard any such emails received during the processing period. If you wish to opt out by mail send your request to Customer Service, 110 SE 6th Street, Ft. Lauderdale FL 33301.

To contact us by mail, our address is: Customer Care, 110 SE 6th St., 25 Floor, Fort Lauderdale, FL 33301

[porscheneer]

that sucks I just got mine in dec

[txusa03]

Originally Posted by RedBirdRuss

I received this email yesterday from autonation.com

2.9 % For 60 Months

This offer is available for a limited time

BMW Financial Services is proud to announce
2.9 % financing available on select models...

All 3 series, 5 series, X3 and X5 models.

Please contact dealer for complete details on this offer.

Warning, sorry for ranting on and on and on....

'Please contact dealer for complete details on this offer.' is the catch. When you get ready to talk about finance, that is when they throw out things like good credit and forking out a certain down payment. If any of you got 2.9% on a 2006 e90 model, you have got a great deal there.

Credit rating of 751 is excellent but you still can do better. Many folks are struggling to get into the 700 range. Also, here in texas, when I buy car insurance, they also looked at my credit. So paying your fee on time and checking your credit report regularly does pay off. I don't even know what my credit score is but when I turn in a form for loan, people who checked my credit always tell me I have excellent credit.

4 years ago, I found out that one of the credit bureau had mistaken me for another individual in California. So my credit report had several collections/default on loans. I found this out when I applied for my loan/mortgage. So I had to write letters to all the credit bureau to prove to them they had wrong info on my credit report. I also wrote letters to each of those financial agencies to inform them of this error. The funny thing is, before I discovered this error on my credit report, I never received any phone call from any collection agencies.

[KC Bimmer]

Originally Posted by txusa03

Warning, sorry for ranting on and on and on....

'Please contact dealer for complete details on this offer.' is the catch. When you get ready to talk about finance, that is when they throw out things like good credit and forking out a certain down payment. If any of you got 2.9% on a 2006 e90 model, you have got a great deal there.

Credit rating of 751 is excellent but you still can do better. Many folks are struggling to get into the 700 range. Also, here in texas, when I buy car insurance, they also looked at my credit. So paying your fee on time and checking your credit report regularly does pay off. I don't even know what my credit score is but when I turn in a form for loan, people who checked my credit always tell me I have excellent credit.

4 years ago, I found out that one of the credit bureau had mistaken me for another individual in California. So my credit report had several collections/default on loans. I found this out when I applied for my loan/mortgage. So I had to write letters to all the credit bureau to prove to them they had wrong info on my credit report. I also wrote letters to each of those financial agencies to inform them of this error. The funny thing is, before I discovered this error on my credit report, I never received any phone call from any collection agencies.

Actually, inquiries on your credit score on a regular basis will hurt your score. Also, paying fees late doesn't hurt your credit unless you are 30 days late or more. It's a good thing you fixed your credit because that can be extremely difficult if mistakes are left on for a while. If anyone wants to check what is on their credit for free (without a score) you can visit www.annualcreditreport.com to view what different accounts are open or have been opened that affect your credit.

[marketman]

Someone is blowing smoke up your asses guys.

BMW FS has NO PROGRAM at 2.9 on new E90's. Period.

[txusa03]

Originally Posted by KC Bimmer

Actually, inquiries on your credit score on a regular basis will hurt your score. Also, paying fees late doesn't hurt your credit unless you are 30 days late or more. It's a good thing you fixed your credit because that can be extremely difficult if mistakes are left on for a while. If anyone wants to check what is on their credit for free (without a score) you can visit www.annualcreditreport.com to view what different accounts are open or have been opened that affect your credit.

Those are excellent points. Yes, I have been told that inquiries on your credit score on a regular basis will hurt the score. So I assume that each time I applied for a loan, the financial agency where I am applying for a loan will want to know what my credit score is. On the other hand, what law protect us from credit card company inquiring on our credit to see if we should get a platinum or gold card membership offer through the mail? I get alot of credit card application in the mail stating I qualified for gold or platinum, and I know these credit card company are checking out my score without my consent and they are hurting my score in the process? How do we stop that from happening?

[xit2050]

Originally Posted by marketman

Someone is blowing smoke up your asses guys.

BMW FS has NO PROGRAM at 2.9 on new E90's. Period.

They do in Belgium :rocks:
When discussing a deal for a new 3-series, I asked the sales rep. their rates, he told me 2.9 % (on a loan for 48 or 60 months). Most banks are giving between 3.50% and 3.99 % here at the moment.

[marketman]

The U.S. market for BMW FS is 2.9 on CPO 3 series.

There is no 2.9 for new E90's in the U.S. from BMWFS.

Thayt would be the E46 soooooo............. off topic,kids....

XIT2050 - good for you !

[Spirit]

Originally Posted by marketman

The U.S. market for BMW FS is 2.9 on CPO 3 series.

There is no 2.9 for new E90's in the U.S. from BMWFS.

Thayt would be the E46 soooooo............. off topic,kids....

XIT2050 - good for you !

I have a 325xiT on order which I thought was aka E91 and I just got a call from my CA today informing me about the 2.9% financing, so it is true.

[marketman]

Sorry - wrong again ....

Someone want to post a link that will show 2.9 on E90's ?

[KC Bimmer]

Originally Posted by txusa03

Those are excellent points. Yes, I have been told that inquiries on your credit score on a regular basis will hurt the score. So I assume that each time I applied for a loan, the financial agency where I am applying for a loan will want to know what my credit score is. On the other hand, what law protect us from credit card company inquiring on our credit to see if we should get a platinum or gold card membership offer through the mail? I get alot of credit card application in the mail stating I qualified for gold or platinum, and I know these credit card company are checking out my score without my consent and they are hurting my score in the process? How do we stop that from happening?

Inquiries on your credit will affect your score differently depending on why the inquiry is taking place. For instance: if you inquire about your own credit or apply for something where a credit lookup is necessary, your credit will be affected by about 2 points per hit. But, if a credit card company looks up your score for their own purposes of soliciting their cards, the affects are practically non existant. So I wouldn't be worried about it. Hope this helps.

[kekoa]

Originally Posted by Broken1

2.9%? FUCK!

My car is financed at prime -2% which is 8.5% ;-(

Prime - 2% would be closer to 5.5%. since prime is at 7.5% right now. hmmm

[Jon_Hanson]

Originally Posted by kekoa

Prime - 2% would be closer to 5.5%. since prime is at 7.5% right now. hmmm

You obviously didn't see that he lives in South Africa even though he mentioned it himself. The prime rate charged by banks is different in other countries.