Current financing, 1.9% or 2.9%?

Bob T · 03-16-2006, 02:56 PM

I've seen a few posts that make me think BMWFS lowered the special 60 month finance rate from 2.9% to 1.9%. The 2.9% was for the midwest market for 60 months. Does anyone know what the current situation is. My car should be in any day and am hoping that it did drop. Thanks.

vladinecko · 03-16-2006, 03:03 PM

i'm getting 5.99% from my CU so, i can only wish for 2.99 or 1.99%

parachute · 03-16-2006, 03:41 PM

I'm getting 6.29, i didnt think anyone could get less than 5%. this guy must be on crack

vladinecko · 03-16-2006, 03:49 PM

well, there are promotions BMW throws from time to time on different models and there was one for E90s for 2.99% financing.

not sure what kind of credit you need to have and/or other conditions you need to meet in order to qualify though.

but these promotions don't usually go on unless sales are low or unless BMW tries to get rid of that particular model.

1.99% is unheard of, however.

Bob T · 03-16-2006, 04:07 PM

Nope, not on crack. It is a regional deal for 2.9 or maybe 2.99 for 60 months with excellent credit. I did see somewhere recently, either or here or on another BMW forum that there was another deal of 1.9.

no_exit · 03-16-2006, 04:20 PM

I just took delivery last week and got the 2.9% rate.

Romulus · 03-16-2006, 05:06 PM

i got my car two weeks ago and am at 1.9 for 5 years.

it mainly depends on your location.

PSUBALL10 · 03-16-2006, 05:52 PM

Just ordered my car on March 11th and got 1.9% apr.

kickpoint · 03-16-2006, 07:35 PM

1.9% in PA? Certainly not the mid-west. Was that through BMWFS?

PSUBALL10 · 03-16-2006, 07:44 PM

Quote:

Originally Posted by kickpoint

1.9% in PA? Certainly not the mid-west. Was that through BMWFS?

Yep, i went to 2 dealers one was offer 1.9% APR, i wasnt very happy with the salesman there. So i went to the other dealer he told me he could give me 2.9%, i said well i get get 1.9% down the road and he so ok i guess i can do 1.9%

And yes this was in southwestern PA, pittsburgh area.

Lepse38 · 03-16-2006, 07:55 PM

Quote:

Originally Posted by PSUBALL10

Yep, i went to 2 dealers one was offer 1.9% APR, i wasnt very happy with the salesman there. So i went to the other dealer he told me he could give me 2.9%, i said well i get get 1.9% down the road and he so ok i guess i can do 1.9%

And yes this was in southwestern PA, pittsburgh area.

Was it on a new car or previousely owned?

Thanks

PSUBALL10 · 03-16-2006, 08:11 PM

Quote:

Originally Posted by Lepse38

Was it on a new car or previousely owned?

Thanks

Brand new made to order 330 xi

Lepse38 · 03-16-2006, 08:14 PM

Quote:

Originally Posted by PSUBALL10

Brand new made to order 330 xi

Do you think I can get it now after ordering the car from them two month ago?

kickpoint · 03-17-2006, 04:10 AM

What dealer?

pschnei3 · 03-17-2006, 06:03 AM

I ordered my car at the end of feb.(should be here second week of april) and they locked my interest rate at 2.9% but I too just saw the commerical for the 1.9%. Gonna see if I can get this rate instead.

lcharles · 03-17-2006, 06:43 AM

You guys are lucky.

In SA, we in a good economic cycle and rates vary from 2 below Prime to as much as 7 above Prime (max legally allowed to charge and usually on high risky clients). By the way, Prime = 10,5%.

Now work that on a 300k debt over five years to see how much we have to pay. Sometimes it is so steep, we even take out Balloons ' Residuals to help soften the blow.

PSUBALL10 · 03-17-2006, 07:24 AM

Quote:

Originally Posted by kickpoint

What dealer?

Rahal BMW

kickpoint · 03-17-2006, 07:31 AM

Quote:

Originally Posted by PSUBALL10

Rahal BMW

Thanks.

Mystic330 · 03-17-2006, 04:30 PM

Guys - Can you give me some more info (ammo)?

My dealer is claiming that 1.9% is just a bunch of rumors and is not true!!

What commercials did you see it advertised?
Is the 1.9 on a lease or a purchase?
Is it BMW-FS offering it?

Thanks!

PSUBALL10 · 03-17-2006, 05:25 PM

Quote:

Originally Posted by Mystic330

Guys - Can you give me some more info (ammo)?

My dealer is claiming that 1.9% is just a bunch of rumors and is not true!!

What commercials did you see it advertised?
Is the 1.9 on a lease or a purchase?
Is it BMW-FS offering it?

Thanks!

I havent seen a commercial ok this, i got 1.9% for a purchase and it was thru BMW-FS, if u need anything else let me know.

kickpoint · 03-17-2006, 09:07 PM

So I call BMWFS today and ask them about the deal. I just had to know if they offered these rates regionally only. I was told that there were no special rates from BMWFS, accept the advertised lease offers found at BMWUSA.com. However as a captive finance organization for BMW and their dealers, the rates are set by the dealer, not by BMWFS. This didn't seem totaly possible, but it is what I was told. So in other words, all you can do is shop from dealer to dealer until one bites. I would drive up to PA to buy my car if I had not already order one in MD. i haven't tried to negotiate the rate, but I'm sure I'll get a no f-ing way. Oh well.

PSUBALL10 · 03-18-2006, 10:38 AM

Quote:

Originally Posted by Ethirtynine

Doesn't BMWFS make the final decision on rates? Dealers have to forward all of the customer's financial information to BMWFS don't they?

Yes they do.

03-16-2006, 02:56 PM	#1
Bob T Private 4 Rep 92 Posts Drives: 330i, Jet Black, BMW Motos Join Date: Nov 2005 Location: Michigan iTrader: (0)	Current financing, 1.9% or 2.9%? I've seen a few posts that make me think BMWFS lowered the special 60 month finance rate from 2.9% to 1.9%. The 2.9% was for the midwest market for 60 months. Does anyone know what the current situation is. My car should be in any day and am hoping that it did drop. Thanks.
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03-16-2006, 03:03 PM	#2
vladinecko Brigadier General 311 Rep 3,924 Posts Drives: '11 E92 M3 Join Date: Jun 2005 Location: Bay Area, CA iTrader: (1) Garage List 2011 BMW M3 [9.00] 2008 BMW 335i [0.00] 2006 BMW 330i [0.00] 1994 BMW 325i [0.00]	i'm getting 5.99% from my CU so, i can only wish for 2.99 or 1.99% __________________ 2011 E92 M3 - IB/Beige/Sycamore Wood/6MT/EDC/ZPP2/Nav/PDC/Heated Seats/iPod-USB/Enh. Audio 2008 E92 335i - Montego Blue/Black/Gray Poplar/6MT/ZPP/ZSP/Nav/PDC/Heated Seats/HDRadio/iPod-USB - *Sold* 2006 E90 330i - Mystic Blue/Black/Aluminum/6MT/ZPP/iDrive/PDC/Heated Seats/Sat. Prep - *Sold* 1994 E36 325i - Boston Green/Beige/Automatic/ZPP/Heated Seats/Premium Sound - *Sold*
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03-16-2006, 03:41 PM	#3
parachute parachute 101 Rep 539 Posts Drives: BMW 335i Coupe Join Date: Jan 2006 Location: TN, USA iTrader: (2) Garage List 2011 335i [0.00] 2006 325i [0.00]	I'm getting 6.29, i didnt think anyone could get less than 5%. this guy must be on crack __________________ 335i Coupe - LeMans Blue 325i Sedan - Mystic Blue (Retired)
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03-16-2006, 03:49 PM	#4
vladinecko Brigadier General 311 Rep 3,924 Posts Drives: '11 E92 M3 Join Date: Jun 2005 Location: Bay Area, CA iTrader: (1) Garage List 2011 BMW M3 [9.00] 2008 BMW 335i [0.00] 2006 BMW 330i [0.00] 1994 BMW 325i [0.00]	well, there are promotions BMW throws from time to time on different models and there was one for E90s for 2.99% financing. not sure what kind of credit you need to have and/or other conditions you need to meet in order to qualify though. but these promotions don't usually go on unless sales are low or unless BMW tries to get rid of that particular model. 1.99% is unheard of, however. __________________ 2011 E92 M3 - IB/Beige/Sycamore Wood/6MT/EDC/ZPP2/Nav/PDC/Heated Seats/iPod-USB/Enh. Audio 2008 E92 335i - Montego Blue/Black/Gray Poplar/6MT/ZPP/ZSP/Nav/PDC/Heated Seats/HDRadio/iPod-USB - *Sold* 2006 E90 330i - Mystic Blue/Black/Aluminum/6MT/ZPP/iDrive/PDC/Heated Seats/Sat. Prep - *Sold* 1994 E36 325i - Boston Green/Beige/Automatic/ZPP/Heated Seats/Premium Sound - *Sold*
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03-16-2006, 04:07 PM	#5
Bob T Private 4 Rep 92 Posts Drives: 330i, Jet Black, BMW Motos Join Date: Nov 2005 Location: Michigan iTrader: (0)	Nope, not on crack. It is a regional deal for 2.9 or maybe 2.99 for 60 months with excellent credit. I did see somewhere recently, either or here or on another BMW forum that there was another deal of 1.9.
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03-16-2006, 04:20 PM	#6
no_exit Private First Class 1 Rep 148 Posts Drives: R 1150 R Join Date: Dec 2005 Location: Minneapolis, MN iTrader: (0)	I just took delivery last week and got the 2.9% rate. __________________ 330i : Alpine White : Black Leather : Burl : PP : Step : CWP : CA : PDC : Sunshades : Sirius Prep
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03-16-2006, 05:06 PM	#7
Romulus Private First Class 17 Rep 171 Posts Drives: 05 M3 Join Date: Jan 2006 Location: Charleston, SC iTrader: (0)	i got my car two weeks ago and am at 1.9 for 5 years. it mainly depends on your location.
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03-16-2006, 05:52 PM	#8
PSUBALL10 Second Lieutenant 27 Rep 285 Posts Drives: 2018 X5 Join Date: Mar 2006 Location: Pittsburgh, PA iTrader: (5)	Just ordered my car on March 11th and got 1.9% apr.
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03-16-2006, 07:35 PM	#9
kickpoint Enlisted Member 0 Rep 42 Posts Drives: Jet Black 325i Join Date: Mar 2006 Location: Baltimore, MD iTrader: (0)	1.9% in PA? Certainly not the mid-west. Was that through BMWFS?
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03-17-2006, 04:10 AM	#14
kickpoint Enlisted Member 0 Rep 42 Posts Drives: Jet Black 325i Join Date: Mar 2006 Location: Baltimore, MD iTrader: (0)	What dealer?
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03-17-2006, 06:03 AM	#15
pschnei3 Second Lieutenant 73 Rep 205 Posts Drives: 135i AW Join Date: Feb 2006 Location: ohio iTrader: (0)	I ordered my car at the end of feb.(should be here second week of april) and they locked my interest rate at 2.9% but I too just saw the commerical for the 1.9%. Gonna see if I can get this rate instead.
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03-17-2006, 06:43 AM	#16
lcharles Enlisted Member 19 Rep 49 Posts Drives: BMW330i Join Date: Feb 2006 Location: SA iTrader: (0)	You guys are lucky. In SA, we in a good economic cycle and rates vary from 2 below Prime to as much as 7 above Prime (max legally allowed to charge and usually on high risky clients). By the way, Prime = 10,5%. Now work that on a 300k debt over five years to see how much we have to pay. Sometimes it is so steep, we even take out Balloons ' Residuals to help soften the blow. __________________ E90 330i (Auto) - TiAG - Black leather - Walnut Trim, Sunroof Exclusive Pack (PDC all-round, Bi-Xenon, Rain sensor, Headlamp washer system, Floor Mats, Elec Seat with Mem, Cd changer)
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03-17-2006, 04:30 PM	#19
Mystic330 Enlisted Member 3 Rep 37 Posts Drives: 330i Join Date: Feb 2006 Location: US iTrader: (0)	Guys - Can you give me some more info (ammo)? My dealer is claiming that 1.9% is just a bunch of rumors and is not true!! What commercials did you see it advertised? Is the 1.9 on a lease or a purchase? Is it BMW-FS offering it? Thanks!
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03-17-2006, 09:07 PM	#21
kickpoint Enlisted Member 0 Rep 42 Posts Drives: Jet Black 325i Join Date: Mar 2006 Location: Baltimore, MD iTrader: (0)	So I call BMWFS today and ask them about the deal. I just had to know if they offered these rates regionally only. I was told that there were no special rates from BMWFS, accept the advertised lease offers found at BMWUSA.com. However as a captive finance organization for BMW and their dealers, the rates are set by the dealer, not by BMWFS. This didn't seem totaly possible, but it is what I was told. So in other words, all you can do is shop from dealer to dealer until one bites. I would drive up to PA to buy my car if I had not already order one in MD. i haven't tried to negotiate the rate, but I'm sure I'll get a no f-ing way. Oh well.
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