[Can’tWait]

7.90% @ 72 mths 7.29% @ 60 mths
Will Refinance asap!!!!
I asked why so high response “your credit score was only 699”

[two_three_two]

Originally Posted by JMcLellan

Correct. My dealer was at 7.29% for 72 months, 6.29% for 60 months. They ended up matching my bank of america offer for 72 months so I'm going with that. I tried to get more wiggle but they wouldn't budge.

crazy they have a full point spread for the extra year, i want to say the spread for me was about 25 bps through BMW.

[JMcLellan]

Originally Posted by two_three_two

crazy they have a full point spread for the extra year, i want to say the spread for me was about 25 bps through BMW.

Both of my local dealerships apparently want to maximize profits on M cars and they know that a buyer like me will still purchase the car regardless of rates. I've been sitting on some company stock for a few years and my wife and I decided to start selling some shares off as we're able (and as it makes sense with the share prices) to help pay down the car a lot quicker. We should have the car paid off in 3 years or less if the plan works out so the dealer can suck on their 6.44% interest rate that they will never realize from the full balance

I "joked" around with my wife a couple years back that I have a sports car fund through work. She was laughing back then but now she loves me for predicting the future so well.

[Ointment0440]

For those with good-excellent credit, USSFCU (or other credit unions) might be a possible option as well. We recently got approved by them for our M2, 5.49% for 48 months. We have good credit but not excellent (just a few points under their 760 cutoff). Could have been 4.99% if credit score was better.

As an aside, I want to give a big F-U to MOHELA and EdFinancial for duplicating my student loans on my credit report to make it look like I have 2X the debt (and yes, they apparently verified the non-existing loans even after disputing with credit agencies months ago). Bit salty about the extra half-percent of interest, but in the long run I know it won't make a huge difference.

[rk95]

Originally Posted by Ointment0440

For those with good-excellent credit, USSFCU (or other credit unions) might be a possible option as well. We recently got approved by them for our M2, 5.49% for 48 months. We have good credit but not excellent (just a few points under their 760 cutoff). Could have been 4.99% if credit score was better.

As an aside, I want to give a big F-U to MOHELA and EdFinancial for duplicating my student loans on my credit report to make it look like I have 2X the debt (and yes, they apparently verified the non-existing loans even after disputing with credit agencies months ago). Bit salty about the extra half-percent of interest, but in the long run I know it won't make a huge difference.

Went through this when I closed on my house in October. Provide documentation that the loans don’t exist on EdFinancial and documents of the transfer to MOHELA and it shouldn’t matter

[xxyion]

Originally Posted by Ointment0440

For those with good-excellent credit, USSFCU (or other credit unions) might be a possible option as well. We recently got approved by them for our M2, 5.49% for 48 months. We have good credit but not excellent (just a few points under their 760 cutoff). Could have been 4.99% if credit score was better.

Wow thanks for this. I'll keep them in mind when my M2 arrives. I have almost perfect credit so i'll see if i can get under 5% interest when the time comes.

[theblackfalcon]

I think financing incentives will be coming. I noticed there is an new M2 deal on Leasehacker, stating $2000 off. I didn't look that close, but still shows softening demand.

https://pnd.leasehackr.com/d/240131-1704845252/reserve

[BMR.WRLD]

Originally Posted by MineralGreyMetallic

Interestingly, Bank of America went up to 6.09%.

6.39% now 😶‍🌫️

[matty_f]

Originally Posted by theblackfalcon

I think financing incentives will be coming. I noticed there is an new M2 deal on Leasehacker, stating $2000 off. I didn't look that close, but still shows softening demand.

https://pnd.leasehackr.com/d/240131-1704845252/reserve

I’m not saying that market isn’t softening, but I don’t think that deal is really a deal.

It says: “No wait, no MSRP markup! Save over $2,000 on the highly coveted M2 Coupe — arguably BMW's best enthusiast car.”

I don’t think that means under MSRP, maybe no additional $2000 ADM. Also it’s a lease, so they’re screwing you on money factor and residual.

[G87M]

5.29% at 72 months with NFCU.

I will say that customer service with them has been absolutely top notch as well.