Thread: Interest rates
View Single Post
      04-20-2024, 06:15 PM   #24
m2not1LE
Private First Class
m2not1LE's Avatar
68
Rep
124
Posts

Drives: GTI, 2025 M4 Comp on order
Join Date: Apr 2024
Location: Oz

iTrader: (0)

Quote:
Originally Posted by evdoho View Post
Echoing another reply, buy-rate is currently 5.29% through BMW FS, the maximum rate markup is 1%.
Most dealers (including mine) will seldom offer buy-rate, especially on something like an M2. So yes, 6.29% is the correct rate for 60 months top tier credit.
In my humble opinion, folks who need to finance a car for 5 years at 6.29% really can't afford the car.

Lost opportunity costs by instead investing the money is just too much...

Better off buying something less expensive - preferably in cash.
Appreciate 0