Current Finance Rates

fx335i · 06-02-2007, 03:16 PM

Hey everyone, I'm in the process of trying to find a good loan rate (60 months, new car from dealer). I'd like a quick survey as to the rates everyone's finding so I can limit my inquiries to a few lenders. Thanks!

huskerzr1 · 06-02-2007, 04:11 PM

I used the Capital One blank check program. Their rate was 5.95 for 60 months. Dealer was offering 7.95. You can apply for the blank check online and they will send you a check in a few days. Very easy process. I'm not sure of the difference, but the dealer said they don't accept the "green" checks from Captial One. Mine was blue and they didn't have a problem with it.

Good luck!

jimbethesda · 06-02-2007, 05:44 PM

Click on the link below to search for credit union rates. The lowest I see that you could qualify for is, Alliant Credit Union. You can join if you are a member of LifeTime fitness (if you're not, join, then quit. Once you are a credit union member, you always are). Alliant's rate for 60-months is 5.24% if you have them take the payments directly out of our checking account.

If you're in the Navy, the Navy credit union is 5.00%.

http://www.bankrate.com/brm/rate/cuc...duct=41&sort=2

ddark · 06-03-2007, 02:30 AM

I was offered 6.05 from Capital One in TX.

e92phreak · 06-03-2007, 04:05 AM

I was going to pay cash but found an outrageous rate: 3.99% 60 months LOL...

Kaiser Federal Bank offers a 4.99% for 60 months. If you participate in direct deposit, they discount 0.5%. If you borrow < 80%, then they knock another 0.5% off!

http://www.kaiserfederal.biz

They are in California. Not sure if they will do out-of-state.

e92phreak · 06-03-2007, 04:06 AM

Quote:

Originally Posted by e92phreak

I was going to pay cash but found an outrageous rate: 3.99% 60 months LOL...

Kaiser Federal Bank offers a 4.99% for 60 months. If you participate in direct deposit, they discount 0.5%. If you borrow < 80%, then they knock another 0.5% off!

http://www.kaiserfederal.biz

They are in California. Not sure if they will do out-of-state.

Now the money that I was going to use for the car goes back into stocks! The market has been on a tear of late.

Or... at the very least, I can find a 5.5% or greater CD to put it in, and I still make out!

Weaselboy · 06-03-2007, 08:09 AM

I went the Captital One route for 6.05. Easy online application and the check shows up in the mail a few days later.

I just looked and the check is blue and my dealer said he has no problems accepting the check. Don't know what this green check busiiness is about.

fx335i · 06-03-2007, 08:32 AM

FYI: I think you get better rates if you go with Capital One through Costco. Especially Exec. members of Costco who get an additional .10 off the approved loan rate. Also, if you apply through Costco's web site starting Jun 4, you get a $40 cash card. Hey, every little bit helps!

jimbethesda · 06-03-2007, 11:20 AM

Quote:

Originally Posted by e92phreak

I was going to pay cash but found an outrageous rate: 3.99% 60 months LOL...

Kaiser Federal Bank offers a 4.99% for 60 months. If you participate in direct deposit, they discount 0.5%. If you borrow < 80%, then they knock another 0.5% off!

http://www.kaiserfederal.biz

They are in California. Not sure if they will do out-of-state.

Wow, thanks for the tip. This is the lowest I've seen. I'm in TX, so hopefully they can give me a loan.

Booboo12 · 06-05-2007, 05:52 PM

5.84 Bank of America - no fee - no prepayment penalty

msimon18 · 06-05-2007, 06:34 PM

Capiotal One was 6.25 and BMW was 7.25 when I went for my loan. I went with the BMW at 1% higher cause I got them to throw in several of the options I was going after to use the BMW credit. The options were worth $1500.

After we set the deal I told them I was putting half down and would be paying off the loan after 18 months. Surprise .......... Saved me about $1200

Booboo12 · 06-05-2007, 06:41 PM

nice- what options did you get?

06-02-2007, 03:16 PM	#1
fx335i Enlisted Member 4 Rep 34 Posts Drives: BMW 335i E92 Join Date: Jun 2007 Location: Washington, DC iTrader: (0)	Current Finance Rates Hey everyone, I'm in the process of trying to find a good loan rate (60 months, new car from dealer). I'd like a quick survey as to the rates everyone's finding so I can limit my inquiries to a few lenders. Thanks!
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06-02-2007, 04:11 PM	#2
huskerzr1 Registered 0 Rep 3 Posts Drives: 2007 328i Coupe Join Date: May 2007 Location: Dallas, TX iTrader: (0)	Finance I used the Capital One blank check program. Their rate was 5.95 for 60 months. Dealer was offering 7.95. You can apply for the blank check online and they will send you a check in a few days. Very easy process. I'm not sure of the difference, but the dealer said they don't accept the "green" checks from Captial One. Mine was blue and they didn't have a problem with it. Good luck!
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06-02-2007, 05:44 PM	#3
jimbethesda Colonel 1995 Rep 2,376 Posts Drives: M3 (F80) Join Date: Jun 2006 Location: Austin iTrader: (0)	Click on the link below to search for credit union rates. The lowest I see that you could qualify for is, Alliant Credit Union. You can join if you are a member of LifeTime fitness (if you're not, join, then quit. Once you are a credit union member, you always are). Alliant's rate for 60-months is 5.24% if you have them take the payments directly out of our checking account. If you're in the Navy, the Navy credit union is 5.00%. http://www.bankrate.com/brm/rate/cuc...duct=41&sort=2
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06-03-2007, 02:30 AM	#4
ddark New Member 0 Rep 20 Posts Drives: 325Ci Join Date: May 2007 Location: Houston iTrader: (0)	I was offered 6.05 from Capital One in TX.
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06-03-2007, 04:05 AM	#5
e92phreak General 396 Rep 21,745 Posts Drives: E92 335i TiAg/E46 323i TiAg Join Date: Mar 2007 Location: CA iTrader: (1) Garage List 2007 E92 335i [9.50] 2000 E46 323i [0.00]	I was going to pay cash but found an outrageous rate: 3.99% 60 months LOL... Kaiser Federal Bank offers a 4.99% for 60 months. If you participate in direct deposit, they discount 0.5%. If you borrow < 80%, then they knock another 0.5% off! http://www.kaiserfederal.biz They are in California. Not sure if they will do out-of-state. __________________ 07 E92 335i \| TiAg \| Step \| Padl \| Cmft \| Alum Trm \| PDC \| Nav \| Assist \| Sat \| Lthr \| Prem \| Sprt \| Rear Splr \| RDSport Quads \| iPod \| V1 \| LT Refl \| VS Clear Bra \| OEM Lip \| KWV2 \| Mtec Sides \| BBS LM-R 00 E46 323i \| TiAg \| 5sp \| Sport \| Roof \| RDSport Cams \| RDSport tune \| RDSport Shift \| Volk LE37 \| M3 spoiler \| PSS9 \| SuperSprint \| Brembo
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06-03-2007, 08:09 AM	#7
Weaselboy Major 81 Rep 1,295 Posts Drives: 2024 M340i Join Date: Jun 2005 Location: California iTrader: (0)	I went the Captital One route for 6.05. Easy online application and the check shows up in the mail a few days later. I just looked and the check is blue and my dealer said he has no problems accepting the check. Don't know what this green check busiiness is about.
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06-03-2007, 08:32 AM	#8
fx335i Enlisted Member 4 Rep 34 Posts Drives: BMW 335i E92 Join Date: Jun 2007 Location: Washington, DC iTrader: (0)	FYI: I think you get better rates if you go with Capital One through Costco. Especially Exec. members of Costco who get an additional .10 off the approved loan rate. Also, if you apply through Costco's web site starting Jun 4, you get a $40 cash card. Hey, every little bit helps!
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06-05-2007, 05:52 PM	#10
Booboo12 Private First Class 60 Rep 179 Posts Drives: 328i Sedan 2007 Join Date: May 2007 Location: Austin Texas iTrader: (0)	5.84 Bank of America - no fee - no prepayment penalty
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06-05-2007, 06:34 PM	#11
msimon18 Retired 20 Rep 868 Posts Drives: Z4 s30i Join Date: Mar 2007 Location: The Villages, FL iTrader: (0) Garage List 1965 Isetta 300 [0.00] 2004 1/5 Scale M3 GTR [10.00]	Capiotal One was 6.25 and BMW was 7.25 when I went for my loan. I went with the BMW at 1% higher cause I got them to throw in several of the options I was going after to use the BMW credit. The options were worth $1500. After we set the deal I told them I was putting half down and would be paying off the loan after 18 months. Surprise .......... Saved me about $1200 __________________ M3 GTR - 1/5 scale - 4.2 HP w/ Collari hydraulic brakes - would you believe ~80 MPH on straightaway !!
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06-05-2007, 06:41 PM	#12
Booboo12 Private First Class 60 Rep 179 Posts Drives: 328i Sedan 2007 Join Date: May 2007 Location: Austin Texas iTrader: (0)	nice- what options did you get?
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