current finance rates in US?

scb · 04-01-2007, 11:44 AM

what interest rate can i expect to be given financing through bmwna? i should have an excellent credit score so that's not a problem

my car arrived in the US today, so I'm going to talk to my CA tomorrow about finalizing everything. we settled on a price when i put the deposit down months ago, but not on a finance rate

just wondering what to expect from their end ?

if this can be found in another thread, sorry. please point me in that direction. i didn't find anything recent using the search...

STE92VE · 04-01-2007, 01:13 PM

Don't know about BMWNA FS rates but at my credit union they're offering 5.99% new auto loan for up to 60 months.

fragadellic · 04-01-2007, 01:34 PM

Quote:

Originally Posted by scott brown

what interest rate can i expect to be given financing through bmwna? i should have an excellent credit score so that's not a problem

my car arrived in the US today, so I'm going to talk to my CA tomorrow about finalizing everything. we settled on a price when i put the deposit down months ago, but not on a finance rate

just wondering what to expect from their end ?

if this can be found in another thread, sorry. please point me in that direction. i didn't find anything recent using the search...

Capital One Auto Finance:

http://www.capitalone.com/autoloans/...1_C1_01_T_ALNU

currently has pretty good rates. There were over 1% less than the rates I got from BMW.

Best bet is to get a couple of rate quotes and take them in with you. Capital One sends you a blank check for up to the loan amount and you walk into the dealership with that. Tell the dealer that you would love to go with them if they'll better the rate you got from Capital One or whoever. No reason to let them off the hook easy.

They make a LOT more money on the financing than they do on the car. They'll want your business no matter what.

Remember that the a change to actual interest rate doesn't affect the monthly payment very much compared to decreasing the loan amount. The monthly payment difference between a 6.25% loan and a 7.50% loan is only a few dollars a month.

LEDZEP · 04-01-2007, 01:36 PM

HSBC has good rates too.

... assuming you have a high credit score.

texasturner · 04-01-2007, 02:55 PM

I am curious on this one as well, the best I have now is 5.99 for 60 months

zenmaster · 04-01-2007, 05:30 PM

Some credit unions, like Associated, offer 4.90% for 60mo.

ZeusPsu · 04-01-2007, 07:40 PM

I am going in with a capital one check and write it for the amt of the car.

iatacs19 · 04-01-2007, 08:05 PM

I used navy federal credit union and got 5.00% for 60 months.

texasturner · 04-01-2007, 10:29 PM

Quote:

Originally Posted by zenmaster

Some credit unions, like Associated, offer 4.90% for 60mo.

I just sent in an application to join that credit union. Let see if they can get me in a 4.9% because that is the best I have seen...

batlin · 04-01-2007, 10:45 PM

With excellent credit BMWCA offered me 6.5% the best they could give...
i went with my Credit union and got 5.74%

This was a week ago...

zenmaster · 04-02-2007, 07:28 AM

Quote:

I just sent in an application to join that credit union. Let see if they can get me in a 4.9% because that is the best I have seen...

Best I've seen too. You don't need to fill out Associated app. first, to see if you qualify to secure a loan. Just call their loan office.
My 2nd choices would have been USAA Bank or Capital One. Capital One has financed my last 2 cars. However C.O. doesn't offer online payment, and it's like $9 to pay by phone, which sucks.

scb · 04-02-2007, 10:58 AM

my bank (wachovia) offered 7.3%. was hoping for a little better

i might have to give capital one a call if bmw rates suck

phatr1s · 04-02-2007, 11:04 AM

Autobahn in F.W. Texas.

pnkflyd · 04-02-2007, 11:55 AM

Hey guys I am in the same boat .I am suppossed to pick up my car on wensday and I am still loking for a finance for 36 months. My CA is offering me 6.59 % and with my credit score I may be able to get 5.99% on eloan. But is there any advantage to go with the dealers when it cme to financing ?

zenmaster · 04-02-2007, 03:43 PM

Quote:

is there any advantage to go with the dealers when it cme to financing ?

If dealer won't save you money, then no. Shop around.

scb · 04-02-2007, 04:02 PM

Quote:

Originally Posted by zenmaster

However C.O. doesn't offer online payment, and it's like $9 to pay by phone, which sucks.

that's idiotic. looks like i won't be looking at capital one anymore

specialque · 04-02-2007, 07:41 PM

BMWFS has horrible rates. I have a good score and they offered me 8.9% and didn't think anything of it... Currently they are working with Chase which has financed my last two cars to get me a respectable rate.

Avoid BMWFS like the plague.

John 070 · 04-02-2007, 08:17 PM

Quote:

Originally Posted by STE92VE

Don't know about BMWNA FS rates but at my credit union they're offering 5.99% new auto loan for up to 60 months.

I agree with getting a credit union quote--mine was 5.75, and so the dealer beat it by offering 5.5. Eventually it got assigned to BoA. The dealer can beat any rate you throw at them, like anything else, you have to have another offer in hand. I don't like the HSBC or CapOne because you have to allow them to deduct the pymt. from your acct. a la automatic withdrawal. You should get rewarded for that, by at least 1/4%, and if I'm not mistaken, they're at around 6.4 for 60 mos. A friend said the navy FCU was 5.0 for 72 mos., now that's not too shabby.

John 070 · 04-02-2007, 08:19 PM

Quote:

Originally Posted by zenmaster

Best I've seen too. You don't need to fill out Associated app. first, to see if you qualify to secure a loan. Just call their loan office.
My 2nd choices would have been USAA Bank or Capital One. Capital One has financed my last 2 cars. However C.O. doesn't offer online payment, and it's like $9 to pay by phone, which sucks.

That's horrible, like my water bill. It's $30 mo. and if I want to pay by phone, something like $5. They're the only bill I cannot pay electronically and still have to pay by sending a check in the mail.

mrahp23 · 04-02-2007, 08:30 PM

Quote:

Originally Posted by scott brown

that's idiotic. looks like i won't be looking at capital one anymore

Capital One does have online payment. I went with Cap One for my 335i at 5.0% couple months ago. They automatically withdraw my payment from my bank account. One hassel was that my dealer did not accept their "draft" so I had to have Cap One send over a cashier's check for the amount that I wanted to finance.

zenmaster · 04-02-2007, 09:00 PM

Quote:

Originally Posted by mrahp23

Capital One does have online payment. ... They automatically withdraw my payment from my bank account.

Ok, but requesting, in writing, that they set up a recurring automatic withdrawal from your bank is just not the same as going to their website and doing your own tranfers (like you might do to pay a credit card statement).

Quote:

I went with Cap One for my 335i at 5.0% couple months ago

Their lowest possible new-car rate currently is 6.09%.

pnkflyd · 04-02-2007, 09:41 PM

Quote:

Originally Posted by zenmaster

Ok, but requesting, in writing, that they set up a recurring automatic withdrawal from your bank is just not the same as going to their website and doing your own tranfers (like you might do to pay a credit card statement).

Their lowest possible new-car rate currently is 6.09%.

I am getting 5.99 with eloan

04-01-2007, 11:44 AM	#1
scb Second Lieutenant 5 Rep 221 Posts Drives: 2012 X5d Join Date: Oct 2006 Location: New York iTrader: (0)	current finance rates in US? what interest rate can i expect to be given financing through bmwna? i should have an excellent credit score so that's not a problem my car arrived in the US today, so I'm going to talk to my CA tomorrow about finalizing everything. we settled on a price when i put the deposit down months ago, but not on a finance rate just wondering what to expect from their end ? if this can be found in another thread, sorry. please point me in that direction. i didn't find anything recent using the search...
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04-01-2007, 01:13 PM	#2
STE92VE STEVIL Empire 226 Rep 6,297 Posts Drives: Fast Join Date: May 2006 Location: Long Island, NY iTrader: (0)	Don't know about BMWNA FS rates but at my credit union they're offering 5.99% new auto loan for up to 60 months. __________________ 2007 E92 328i 6MT-Space Gray/Black Dakota/Gray Poplar w/heated seats-PCD 4/27/07 (SOLD) 2009 E90 328i xDrive 6AT-Space Gray/Oyster Dakota/Dark Burl Walnut w/ZPP,ZCW,Xenons-ED 4/17/09 - Redelivery 5/30/09 (SOLD) 2014 E84 xDrive28i 8AT-Alpine White/Black Nevada/Silver Matte w/ZMV,ZLP,494 - DD 3/14/14 (SOLD)
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04-01-2007, 01:36 PM	#4
LEDZEP Lieutenant General 429 Rep 12,276 Posts Drives: 2009 E70 & 2011 F25 Join Date: Jun 2005 Location: Area 51 iTrader: (0) Garage List 2011 X3 35i M Sport [7.62] 2009 X5 M Sport [0.00] 2007 328xi E90 [0.00] 2006 325xiT E91 [0.00]	HSBC has good rates too. ... assuming you have a high credit score. __________________ I think it is bad luck to be superstitious
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04-01-2007, 02:55 PM	#5
texasturner Private First Class 7 Rep 121 Posts Drives: GMC Truck Join Date: Oct 2005 Location: Houston iTrader: (0)	I am curious on this one as well, the best I have now is 5.99 for 60 months __________________ 335i coupe, Monaco, 6MT, Cream/Burl, Prem, Sport, Heated Seats, Sat Radio, Ipod/USB, Comfort Access
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04-01-2007, 05:30 PM	#6
zenmaster Brigadier General 1581 Rep 3,888 Posts Drives: '17 M2 Join Date: Mar 2007 Location: Atlanta iTrader: (1)	Some credit unions, like Associated, offer 4.90% for 60mo.
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04-01-2007, 07:40 PM	#7
ZeusPsu Private 0 Rep 51 Posts Drives: 335i Coupe Join Date: Mar 2007 Location: Allentown, PA iTrader: (0)	I am going in with a capital one check and write it for the amt of the car. __________________ 335i Coupe - Space Grey, Dakota Red, Aluminum, Auto, ZPP, ZSP/Paddles, CW, CA, NAV, SAT, PDC, Production Complete 3/1/07, Arrived in NYC 3/19/07, At VPC 3/25/07, At Dealership 3/29/07, Delivery - 4/2/07
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04-01-2007, 08:05 PM	#8
iatacs19 Major General 477 Rep 5,319 Posts Drives: 2016 SO M4 Join Date: Sep 2006 Location: Washington, DC iTrader: (8)	I used navy federal credit union and got 5.00% for 60 months.
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04-01-2007, 10:45 PM	#10
batlin Second Lieutenant 44 Rep 201 Posts Drives: BMW X5 Join Date: Mar 2007 Location: San Diego iTrader: (1)	With excellent credit BMWCA offered me 6.5% the best they could give... i went with my Credit union and got 5.74% This was a week ago...
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04-02-2007, 10:58 AM	#12
scb Second Lieutenant 5 Rep 221 Posts Drives: 2012 X5d Join Date: Oct 2006 Location: New York iTrader: (0)	my bank (wachovia) offered 7.3%. was hoping for a little better i might have to give capital one a call if bmw rates suck
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04-02-2007, 11:04 AM	#13
phatr1s First Lieutenant 29 Rep 363 Posts Drives: M4 Join Date: Mar 2007 Location: TX iTrader: (1) Garage List 2007 335i [0.00] 2007 335i [0.00] 2007 335i [0.00]	My dealer got me 5.9 with Compass Bank Autobahn in F.W. Texas.
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04-02-2007, 11:55 AM	#14
pnkflyd Second Lieutenant 3 Rep 243 Posts Drives: Awaiting 328 xi Montego blue Join Date: Jan 2007 Location: Phili iTrader: (0)	Hey guys I am in the same boat .I am suppossed to pick up my car on wensday and I am still loking for a finance for 36 months. My CA is offering me 6.59 % and with my credit score I may be able to get 5.99% on eloan. But is there any advantage to go with the dealers when it cme to financing ? __________________ Awating Sexy blue 328 xi sedan black on alum , Fully looooaaaded Ordered 2/1/07, Reordered 2/22/07, Production started 2/28/07, Production complete 3/7/07 . At port 3/9/07, On board MAERSK TEAL :rocks: 3/12/07, Reaches NY 3/23/07 and thought she will be in my arms on 4/2/07:But finally on 4/4/2007
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04-02-2007, 07:41 PM	#17
specialque Private First Class 37 Rep 191 Posts Drives: 2024 M3cs, 2018 McLaren 720S Join Date: Dec 2006 Location: Connecticut iTrader: (0)	BMWFS has horrible rates. I have a good score and they offered me 8.9% and didn't think anything of it... Currently they are working with Chase which has financed my last two cars to get me a respectable rate. Avoid BMWFS like the plague. __________________ 2018 McLaren 720S MSO Onyx Black/Scoria Gray 2024 BMW M3cs Sapphie Black/Black 2018 Porsche Macan Sport Volcano Grey/Black 2014 BMW X3 M-Sport Carbon Black/Mojave Brown - Beater
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