4.9% for 72?

Matts435coupe · 12-06-2009, 01:46 PM

Can you get 4.9% for 72 months, or is it only for 60 months?

Ron1n · 12-10-2009, 01:51 AM

Only 60 months. BMW doesn't routinely do 72 month finance packages (and it's normally not in your best interest to finance that long).

EYE4SPEED · 05-24-2010, 08:10 PM

I used Chase and closed today - rate was 3.34 for 60 months.

Jblack4083 · 05-28-2010, 06:33 PM

Its not a great idea to finance for 72 months... I work at a dealership and on top of getting the worst rate youre not going to be happy still paying for your car 6 years later. I would suggest saving up a bit more money to put down so you can lower your payment instead of doing 72 months to lower the payment

Sean825 · 06-26-2010, 05:28 PM

I just got it for 66 months if that helps you at all.

Robben@ltbmw · 06-26-2010, 05:36 PM

Not only 72months is too long but that rate is too high. I remember paying 2.9% for 60months for mine.

jmar0351 · 07-30-2010, 02:15 PM

I'm getting 3.9% for 72 with a credit union. If you know any family that has one thats a good route to look into.

luv135i · 07-30-2010, 02:32 PM

2.99 Penfed 60mos

SpmnE9zero · 07-30-2010, 02:34 PM

1.9 for 60 here

luv135i · 07-30-2010, 03:10 PM

Quote:

Originally Posted by SpmnE9zero

1.9 for 60 here

Where at?

sneaks · 07-30-2010, 03:51 PM

Sometimes the realization of financing, and actual dollar amount over 6 years isn't totally understood.
If you finance $55,000 over 72 months at 4.9%, you are paying over $8500 to the lender in interest.
Reducing it to 60 months at 2.9%, the interest over the term of the loan is reduced to about $4100.
It is important to have a monthly budget but at the same time, be careful not to focus 100% on the monthly payment. It is exactly what the car dealers want you to do.

jmar0351 · 08-01-2010, 10:07 PM

Quote:

Originally Posted by sneaks

Sometimes the realization of financing, and actual dollar amount over 6 years isn't totally understood.
If you finance $55,000 over 72 months at 4.9%, you are paying over $8500 to the lender in interest.
Reducing it to 60 months at 2.9%, the interest over the term of the loan is reduced to about $4100.
It is important to have a monthly budget but at the same time, be careful not to focus 100% on the monthly payment. It is exactly what the car dealers want you to do.

You are 100% right! But as of right now I'm going to school using the g.i. bill so my income is slightly limited... I might just end up trying to get another job and really bust my ass... I know it pays off in the long run.

BayMoWe335 · 08-09-2010, 08:31 PM

Quote:

Originally Posted by jmar0351

You are 100% right! But as of right now I'm going to school using the g.i. bill so my income is slightly limited... I might just end up trying to get another job and really bust my ass... I know it pays off in the long run.

Don't get a BMW...you can't afford it.

The truth hurts sometimes.

spdy330 · 08-09-2010, 10:51 PM

^^^ What BayMoWe335 said. Finish school and then get your car once your job is in place.

CasperSYTFU · 08-10-2010, 12:14 AM

g.i. bill? thanks you for your service.
also it does suck to hear but listen to them... if its a struggle to afford the loan for the car you cant afford it with maintenance etc...
Be patient and start putting money aside now.

12-06-2009, 01:46 PM	#1
Matts435coupe Major 118 Rep 1,262 Posts Drives: 2014 BMW 435i Coupe Msport 6MT Join Date: Sep 2009 Location: Fort Lauderdale, Florida iTrader: (1)	4.9% for 72? Can you get 4.9% for 72 months, or is it only for 60 months?
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12-10-2009, 01:51 AM	#2
Ron1n Speed Demon 218 Rep 3,690 Posts Drives: 2021 M5C Join Date: Oct 2009 Location: Irvine iTrader: (6) Garage List 2021 M5 Competition [0.00] 2016 BMW 550i [0.00] 2011 335is [0.00] 2009 E93 M3 [10.00] 2010 335d [9.50]	Only 60 months. BMW doesn't routinely do 72 month finance packages (and it's normally not in your best interest to finance that long). __________________ Current: '21 M5C, '15 X6 50i Previous: '18 M550i, '16 550i, '11 335is, '09 E93 M3 DCT, '10 E90 335d, '07 E90 328i
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05-24-2010, 08:10 PM	#3
EYE4SPEED Ex-Diesel Driver 65 Rep 2,000 Posts Drives: Audi SQ5 Join Date: Apr 2010 Location: West Coast... of Michigan iTrader: (22)	I used Chase and closed today - rate was 3.34 for 60 months.
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05-28-2010, 06:33 PM	#4
Jblack4083 Captain 118 Rep 888 Posts Drives: E46 ///M3 JB/CB Join Date: Jan 2009 Location: Queens, NYC iTrader: (0)	Its not a great idea to finance for 72 months... I work at a dealership and on top of getting the worst rate youre not going to be happy still paying for your car 6 years later. I would suggest saving up a bit more money to put down so you can lower your payment instead of doing 72 months to lower the payment
	Appreciate 0 Quote

06-26-2010, 05:28 PM	#5
Sean825 Registered 0 Rep 4 Posts Drives: 2007 328xi Coupe Join Date: Jun 2010 Location: Savannah iTrader: (0)	I just got it for 66 months if that helps you at all.
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06-26-2010, 05:36 PM	#6
Robben@ltbmw 120 Rep 2,215 Posts Drives: E90 Space Grey Join Date: Dec 2009 Location: ROSEMEAD, CA iTrader: (4) Garage List 2007 328i [0.00]	Not only 72months is too long but that rate is too high. I remember paying 2.9% for 60months for mine.
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07-30-2010, 02:15 PM	#7
jmar0351 Second Lieutenant 12 Rep 279 Posts Drives: 2021 X3 M40i Join Date: Jul 2010 Location: Brooklyn, NY iTrader: (0) Garage List 2021 BMW X3 M40i [0.00]	I'm getting 3.9% for 72 with a credit union. If you know any family that has one thats a good route to look into.
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07-30-2010, 02:32 PM	#8
luv135i Major 60 Rep 1,073 Posts Drives: White Join Date: Nov 2009 Location: GA iTrader: (0)	2.99 Penfed 60mos
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07-30-2010, 02:34 PM	#9
SpmnE9zero DENY THE WORLD THAT SURROUNDS YOU 508 Rep 35,580 Posts Drives: JB 33ZERO Join Date: Nov 2008 Location: City of Champions iTrader: (14) Garage List 2006 330xi [0.00]	1.9 for 60 here __________________ Eurocharged V5 \| ROW's / CC Delete \| K&N's \| H&R Springs \| Single Fin G.B. Grill \| Mode Carbon Diffuser \| JBSpeed CF Spoiler \| Arkym Style CF Splitter \| CF Mirror Caps \| 5% Tints \| 12mm Spacers \|
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07-30-2010, 03:51 PM	#11
sneaks Lieutenant 17 Rep 431 Posts Drives: '08 335xi Join Date: Apr 2008 Location: 24 Sussex iTrader: (1) Garage List 2008 335xi [0.00]	Sometimes the realization of financing, and actual dollar amount over 6 years isn't totally understood. If you finance $55,000 over 72 months at 4.9%, you are paying over $8500 to the lender in interest. Reducing it to 60 months at 2.9%, the interest over the term of the loan is reduced to about $4100. It is important to have a monthly budget but at the same time, be careful not to focus 100% on the monthly payment. It is exactly what the car dealers want you to do.
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08-09-2010, 10:51 PM	#14
spdy330 Major General 537 Rep 6,148 Posts Drives: 05 Tundra, 15 FIT, 17 CRV Join Date: Dec 2009 Location: Chino Hills, CA iTrader: (163)	^^^ What BayMoWe335 said. Finish school and then get your car once your job is in place. __________________ If you will be purchasing ANY AT&T services online or in store could you mention that you were referred by me? My Employee Referral ID is eo4489. This would be a great help and it costs you nothing, thank you!
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08-10-2010, 12:14 AM	#15
CasperSYTFU SYTFU Crew 36 Rep 1,179 Posts Drives: 2010 Toyota FJ Join Date: Aug 2010 Location: Bay Area, CA iTrader: (8) Garage List 2007 BMW 335i E92 [9.00]	g.i. bill? thanks you for your service. also it does suck to hear but listen to them... if its a struggle to afford the loan for the car you cant afford it with maintenance etc... Be patient and start putting money aside now.
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