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      10-27-2010, 05:43 PM   #771
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Originally Posted by UdubBadger View Post
It might a little depending on your previous credit history but I have about $40k in loans out right now while I'm finishing up and I had no problem getting mine without a cosigner... I'm also in my late 20's and have had a bunch of revolving credit accounts and 10 previous auto loans - all of which were in good standings. The biggest thing they will look at is your debt to income ratio on a monthly basis. They'll see if you are paying $100 on the loans but only make $500 a month, thats 1/5 of your monthly income which when combined with other things doesn't leave much room for your payments. But if you make $1500 a month, its really not that much so you'll be fine. As long as you're D/I ratio is under 40-50% you should still qualify but again, I am not an F/I guy at your dealership so I don't know what their standards are.
Thanks for the info btw if I'm not mistaken your in the photography section a lot right?
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      10-27-2010, 06:02 PM   #772
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yeah I thought your name looked familiar.
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      10-29-2010, 07:19 PM   #773
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Hello-
I bought a CPO 135i three weeks ago that has spent most of the time in the shop (tailights/CEL's ETC) and I'mwondering what the chances are of BMW buying the car back?
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      10-31-2010, 01:55 AM   #774
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yet another question on financing... I have pretty good credit, just bought a house. how does buying a house and the 300 credit inquiries affect my viewed credit score? I know i need to wait for the credit inquiries to fade away, but how long should that take?

and this is a sweet thread, thanks for the good reads
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      10-31-2010, 08:34 AM   #775
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Originally Posted by skeltah View Post
Hello-
I bought a CPO 135i three weeks ago that has spent most of the time in the shop (tailights/CEL's ETC) and I'mwondering what the chances are of BMW buying the car back?
Buy back usually only occurs when you have the same problem over and over than can't be fixed properly (like it keeps coming back). From why I've read on HPFP, you have to go through 3 new pumps to get BMW to buy the car back from you. If you had some stuff fixed/recalled and they successfully replaced it then they're not gonna buy it back from you.
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      10-31-2010, 08:36 AM   #776
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Originally Posted by antares600rr View Post
yet another question on financing... I have pretty good credit, just bought a house. how does buying a house and the 300 credit inquiries affect my viewed credit score? I know i need to wait for the credit inquiries to fade away, but how long should that take?

and this is a sweet thread, thanks for the good reads
You have 300 credit inquries from buying a house?
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      11-01-2010, 06:21 PM   #777
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UdubBadger,
well maybe that was an overstatement, but I must say there was a rediculous amount of inquiries. I know "too many" inquiries hurt your credit. The first credit report was a 820 something, short sale purchase process ensued, last credit report was a shocking 740 something. I was pissed, but what can i do about it?
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      11-01-2010, 07:02 PM   #778
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Quote:
Originally Posted by antares600rr View Post
UdubBadger,
well maybe that was an overstatement, but I must say there was a rediculous amount of inquiries. I know "too many" inquiries hurt your credit. The first credit report was a 820 something, short sale purchase process ensued, last credit report was a shocking 740 something. I was pissed, but what can i do about it?
Yeah, inquires don't hurt too much but if you go applying for every credit card you can find it will end up effecting your score negatively.

Like I said, debt to income ratio is a very large factor in your FICO score. If you've taken out a loan recently, used a little more room on your revolving accounts/cards or have any accounts that at 80% full or above it will decrease your score. Not to say 740 is bad by ANY means... the national average is like in the high 500's/low 600's from what I remember reading a while back.

I wouldn't be too upset, 740 is plenty good to get you a good rate with BMW Financial. Hell my 1st one I think I had a 620 with like $50k in student loans and got my lease no problem.
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      12-10-2010, 09:38 AM   #779
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If I agreed to the October lease rates, can I still qualify for the holiday credit? I'm going to sign all the paperwork in a couple of weeks since I take ED on Dec 29.

Thanks
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      12-10-2010, 04:26 PM   #780
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Originally Posted by mbanshchikov View Post
If I agreed to the October lease rates, can I still qualify for the holiday credit? I'm going to sign all the paperwork in a couple of weeks since I take ED on Dec 29.

Thanks
You cannot combine programs, you must do one or the other. If you want the october lease rate, no Holiday. If you want the holiday $, you must use current rates.

Dave
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      12-10-2010, 05:25 PM   #781
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thanks for the info Dave!
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      12-10-2010, 08:42 PM   #782
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I'm pretty sure the october rates are actually better on the 1er.
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      12-13-2010, 10:52 AM   #783
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Yeah they are
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      12-13-2010, 11:25 AM   #784
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Quote:
Originally Posted by Thaddy View Post
Regarding the MACO/Training charges...my dealership is saying they cannot and will not remove those charges, and that they even charge their salesmen those fees when buying a car. I've read many stories about people having them removed but I haven't been successful so far. It's not a ton of money, but I don't want to pay them if I don't have to. I haven't signed anything yet, however my car is scheduled for production shortly.
The only way not to pay the fees is to do euro delivery. I wish they weren't there too... takes away profit from the dealer
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      12-28-2010, 12:25 PM   #785
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Quote:
Originally Posted by Thaddy View Post
Regarding the MACO/Training charges...my dealership is saying they cannot and will not remove those charges, and that they even charge their salesmen those fees when buying a car. I've read many stories about people having them removed but I haven't been successful so far. It's not a ton of money, but I don't want to pay them if I don't have to. I haven't signed anything yet, however my car is scheduled for production shortly.
No matter what you demand, they still have to pay those fees. How do you think BMW pays for advertising? How do they pay for all of the training that your CA's receive? They don't just pay for it out of the kindness of their hearts. Just be glad your dealership is disclosing those fees to you. They're honest.
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      12-28-2010, 12:25 PM   #786
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Quote:
Originally Posted by skeltah View Post
Hello-
I bought a CPO 135i three weeks ago that has spent most of the time in the shop (tailights/CEL's ETC) and I'mwondering what the chances are of BMW buying the car back?
30 days in the shop in the first 2 years = buyback.
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      01-03-2011, 05:34 PM   #787
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Dealer

I just bought a very nice and very new 2011 135i in Nov. (lease)

The wife will never let me do this but i still have to ask to cure my curiosity.

Can I hand in my lease and in return jump into a lease for the 1M (should it be leaseable when it hits show rooms).

Is this even possible regardless of the cars being mentioned?

thanks in advance.
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      01-03-2011, 08:40 PM   #788
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Quote:
Originally Posted by N2Nalgas View Post
Dealer

I just bought a very nice and very new 2011 135i in Nov. (lease)

The wife will never let me do this but i still have to ask to cure my curiosity.

Can I hand in my lease and in return jump into a lease for the 1M (should it be leaseable when it hits show rooms).

Is this even possible regardless of the cars being mentioned?

thanks in advance.
<<<< CA in LA Area

if you got a good deal, you can find someone to take over your current lease. try swapalease.com

yes, bmw will definitely allow leasing when it comes out, however the residuals won't be great at first. same with the APR's - instead of the normal 0.9 - 2.9 or 3.9, they will probably give it standard rates like they're doing with the X3's right now.
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      01-18-2011, 10:28 AM   #789
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Quote:
Originally Posted by Thaddy View Post
Regarding the MACO/Training charges...my dealership is saying they cannot and will not remove those charges, and that they even charge their salesmen those fees when buying a car. I've read many stories about people having them removed but I haven't been successful so far. It's not a ton of money, but I don't want to pay them if I don't have to. I haven't signed anything yet, however my car is scheduled for production shortly.
My dealer removed these charges on a Euro deliv BMW after I requested it.
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      01-18-2011, 10:30 AM   #790
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<<<< CA in LA Area

if you got a good deal, you can find someone to take over your current lease. try swapalease.com

yes, bmw will definitely allow leasing when it comes out, however the residuals won't be great at first. same with the APR's - instead of the normal 0.9 - 2.9 or 3.9, they will probably give it standard rates like they're doing with the X3's right now.
correct me if I'm wrong but I thought after transferring a lease you can't apply for another one through BMW Financial for 12 months after. The only way around this is if you buy out the car then sell it to someone else.
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      01-18-2011, 12:00 PM   #791
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My dealer removed these charges on a Euro deliv BMW after I requested it.
Your dealer should not have charged MACO on an ED in the first place.
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      01-19-2011, 07:25 AM   #792
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The Training Fee is not applicable to European Delivery BMWs.
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