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      02-17-2009, 01:13 PM   #1
1013mm
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Credit approval time

So this might be a stupid question for some of you who have bought a car before, but I haven't so yea... Anyway how long does it usually take for credit checks/approval through bmw finance from my dealership?
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      02-17-2009, 01:36 PM   #2
Mark M
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Five minutes.

Your dealer will take your info, social security number and through bmw financial will run a credit report. From that you'll know what you qualify for.

I feel fortunate I was one of the lucky ones to skate in on the 0.9% financing. Put $7k down money to keep the monthly payment manageable. At that rate, I am only paying ~$800 in finance charges over the 5 year term of the loan. Peanuts!
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      02-17-2009, 02:04 PM   #3
yandy
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^ +1 (its about 5 to 10 minutes)..
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      02-17-2009, 02:31 PM   #4
1013mm
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k thanks guys.!!!
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      02-18-2009, 05:26 PM   #5
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Did you get a 1 series??


Quote:
Originally Posted by Mark M View Post
Five minutes.

Your dealer will take your info, social security number and through bmw financial will run a credit report. From that you'll know what you qualify for.

I feel fortunate I was one of the lucky ones to skate in on the 0.9% financing. Put $7k down money to keep the monthly payment manageable. At that rate, I am only paying ~$800 in finance charges over the 5 year term of the loan. Peanuts!
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