|
|
|
|
|
|
BMW Garage | BMW Meets | Register | Search | Today's Posts | Mark Forums Read |
|
BMW 3-Series (E90 E92) Forum
>
Finance through BMW?
|
|
09-19-2012, 07:26 PM | #1 |
New Member
9
Rep 20
Posts |
Finance through BMW?
I'm curious how many people that financed or are financing their BMW went through BMW compared to a bank or credit union. At the end of the day does BMW typically stay competitive with banks/credit unions?
|
09-19-2012, 09:21 PM | #3 |
Lieutenant Colonel
526
Rep 1,503
Posts |
BMW N.A. here.
Best rate since it was a promo rate.
__________________
miiipilot
'24 M2 Brooklyn Grey, 6mt, Bi-Color, Black M-Color seats, '16 MG M2, DCT, Exec. Took Delivery 4/30/16 (Sold) |
Appreciate
0
|
09-19-2012, 11:42 PM | #4 | |
Second Lieutenant
17
Rep 212
Posts |
Quote:
I'm considering a purchase this winter and balancing between BMW Financing and paying cash. Of course, cash would mean financing via my bank. I guess it all depends on rates. But, sometimes there are cash incentives. So one has to do the math to decide which outcome is the best. I suppose I won't know until I'm ready to pull the trigger, but when I'm ready, I'll have a rate from my bank that I can compare to the rates and incentives from BMW at the time. |
|
Appreciate
0
|
09-20-2012, 07:17 AM | #5 |
Colonel
1646
Rep 2,494
Posts |
I went through the BMW dealership but my loan is serviced by a credit union. My interest rate is lower than it would have been had I financed it through one of the banks I use. Hell, Chase wouldn't even finance the purchase because the car I bought is too old.
|
Appreciate
0
|
09-20-2012, 09:03 AM | #7 |
Lieutenant
22
Rep 439
Posts |
BMW Bank does seem to be competitive, especially when you add their incentives. However, you should still do your homework. My credit union, which I never normally consider because their rates usually aren't the best, was running a special program and beat BMWs rate by half.
|
Appreciate
0
|
09-22-2012, 04:01 PM | #9 |
First Lieutenant
14
Rep 394
Posts |
BMW for me too. Can't beat 0.9% apr.
__________________
2008 Monaco Blue/Tan interior 335i sedan. Mods: AFE intake w/ scoops, AFE Exhaust, ER FMIC, Koni FSD/Eibcach Pro-Kit, Breyton Race GTS wheels w/ Continental ExtremeContact DW tires, Cusco OS strut bar. BavAuto Black/Beige seat covers w/ black floor mats, M3 rep trunk lip, eBay front splitters.
|
Appreciate
0
|
09-24-2012, 09:48 PM | #15 |
Enlisted Member
0
Rep 35
Posts |
Closing tomorrow and doing a credit union loan. Perfect credit and 2.2% from the CU and the dealer couldn't get close to that rate. Last time we purchased a car (Odyssey, Honda dealership under same ownership as my BMW dealer) we had a similarly good rate but the dealer surprised us with a 0.9% rate so we went with them.
__________________
2013 535i, Imperial Blue, M-Sport, Technology, Convenience, DA, DA+, Premium Sound
Retired: 1976 2002, 2001 E39 530i |
Appreciate
0
|
09-29-2012, 03:17 PM | #17 |
New Member
0
Rep 14
Posts |
Better rate through a Credit Union here. I have 1.6% through Blue Harbor Auto on a 36 month loan. The best competing rates were 1.9% from TD, and I think 1.99% from BMW NA financing.
Bit of a no-brainer for me. |
Appreciate
0
|
09-29-2012, 09:27 PM | #18 |
New Member
0
Rep 5
Posts |
Those are awesome rates.
Unfortunately here in Australia interest rates are ridiculously high, so if you can get 8% you're doing well. This is on top of the fact that BMWs sell for crazy prices here in the first place. |
Appreciate
0
|
10-02-2012, 01:36 AM | #21 |
New Member
9
Rep 11
Posts |
0.9% for 2 year loans
I also went with the 0.9% rate direct from BMW financing. For my X3 purchase last year this rate was available for 2 year loans at least. I think the rate was 3.9%, and thus too high and uninteresting to me, for longer loan terms.
|
Appreciate
0
|
10-02-2012, 06:42 AM | #22 |
First Lieutenant
5
Rep 393
Posts |
Exactly. Look in the details. On my 2010 CPO, BMW FS was 3/4 of a point higher than my credit union... but had a deal where they pay up to $500 of the first three payments. 3/4 of a point vs $1500 incentive was a no brainer in my situation, I went with BMW FS.
|
Appreciate
0
|
Bookmarks |
Thread Tools | Search this Thread |
|
|