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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > New & Preowned BMW Ordering / Pricing / Tracking Information Forum (including European Delivery) > Do I Qualify for .9% Financing On My CPO?



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      10-15-2009, 09:03 PM   #1
hl0m4n
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Question Do I Qualify for .9% Financing On My CPO?

my lease is up in 2 months and i want to finance the car and taking a look on both tristatebmw.com and bmwusa.com under the CPO section they have a special offer of .9% on qualifying BMWs.

**This offer is valid only for qualified customers who finance a Certified Pre-Owned BMW through BMW Financial Services and a participating BMW Center. Not all BMW Centers participate. To qualify, you must enter into a retail installment sale contract between October 1, 2009 and November 2, 2009 at a participating BMW Center. Financing starting at 0.9% APR is available on Certified Pre-Owned 2006 model year 3, 5, 7 Series, X3, and X5, also available on 2007 model year 3, 5, and 7 Series (M models excluded). Financing starting at 2.9% APR is available on Certified Pre-Owned 2006 MY 6 Series (M models excluded). Financing starting at 3.9% APR is available on 2006 and 2007 M models and on 2007 X3 and X5 models. Only certain contract lengths are eligible. Contact your local BMW center for participation details and vehicle availability.

when i spoke to my original CA he quoted me the 3.9% APR but maybe he has mistaken my 335i for an ///m? he doesn't have work today so i couldn't get in touch with him but i should qualify if i CPO the car and finance it back right?
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      10-15-2009, 09:16 PM   #2
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Depends what your credit score is man...if you have good credit then you should qualify.
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      10-15-2009, 09:28 PM   #3
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If your credit score is say, 750+ you should be good. I'm not speaking from experience with the .9% rate.
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      10-15-2009, 09:42 PM   #4
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yea credit score is excellent so im just thinking my CA thought i had an m so he replied with the 3.9% when really i have a 335i and should be .9%. he is working tommorow so i will have to confirm then..just wanted to see if anyone else grabbed this deal as well.
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      10-15-2009, 11:04 PM   #5
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Quote:
Originally Posted by hl0m4n View Post
yea credit score is excellent so im just thinking my CA thought i had an m so he replied with the 3.9% when really i have a 335i and should be .9%. he is working tommorow so i will have to confirm then..just wanted to see if anyone else grabbed this deal as well.
BMWNA's phone number. They should be able to clarify, if your dealer can not.

800-831-1117
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      10-15-2009, 11:18 PM   #6
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Me and a friend just purchased one. I did 60 months and the interest rate is 1.9% (796 credit score) (I got a hook up because my dad is General Manager) but should be 2.9% financing , I assume this is what you will get if you finance for 60 months. My friend financed for 48 months and he got the 0.9%. Also, BMW will make all payments until 2010. Sux for you now because paperwork will take 45 days processing, so you will only get 1 free payment, but I guess its better than nothing.

Also, 3.9% was the special in September....So your finance guy may have just not been up to date with October's deal.....and this deal goes until 11/02/09
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      10-16-2009, 12:52 AM   #7
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All the 2009 3 series are 1.9% except the d, wagon and the sedan so there's nothing special about that rate for these models. Good deal if it's a 10.

2009 3 series sedans (-d) are all .9% You will qualify if your score is around 750 or higher.

http://www.bmwusa.com/standard/conte...r/default.aspx

I think your question is, you want to finance your car when the lease is up at this rate correct? If the terms are for "Certified Used" tell them now to certify it and you'll buy it at that rate because now it's certified used.

Do you have an 06 or 07 3 series?

If so I would think they would do that in a heart beat. It beats another car return on the lot in 2 months. You may even finance your next two payments of the vehicle back into the car and buy it now. All you would be doing is financing the current "pay off" amount. Another good thing is the bank that owns your car under the lease will most likely be the same bank that will finance the purchase.

If they don't do this tell them you want to lock this rate in. Odds are good considering what I just went through.

-Seed

Last edited by Seed; 10-16-2009 at 01:24 AM..
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      10-25-2009, 04:52 PM   #8
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Same situation here. 2007 335i coupe, sport, 6 speed manual, i-drive, logic 7, black sapphire on black leather, aluminum trim, heated seats, BMW assist. Lease is up first week of December '09. Currently car has 54k miles, out of warranty but in good condition. BMWFS estimated residual value at end of lease $28542. Should I just give it back or refinance and purchase it? I really want M3 V8 (it's driving me crazy how much I want M3) but it's too much money for new, and none available CPO, and I may not even be able to finance an M3 since banks are very stringent lately...for an M3 I've already been turned down twice (not excellent credit score). So, probably it makes sense to explore a purchase of this 335i, and when times are better and M3 has newest updates next year, then at that time trade 335i for an M3? Is anyone else in similar situation? I have never bought out a lease, or traded in a car, so any advise is greatly appreciated!
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      10-25-2009, 11:50 PM   #9
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My lease won't end till near the end of next year but I am already making plans. If I don't get a good deal from my dealer then I am going to just return it and get a RS4. <Needs a 4 door>
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      10-27-2009, 09:37 AM   #10
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Does anyone know if they will reduce the 2010 335i xDrive Sedan finance rate below 3.9%? I plan to pick up my order this Friday 10/30 and I've heard some people getting 2.9% on 2010's. Of course the BMW site shows nothing on 2010 3's yet.
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      10-27-2009, 02:39 PM   #11
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Quote:
Originally Posted by cdp1276 View Post
Does anyone know if they will reduce the 2010 335i xDrive Sedan finance rate below 3.9%? I plan to pick up my order this Friday 10/30 and I've heard some people getting 2.9% on 2010's. Of course the BMW site shows nothing on 2010 3's yet.
Doubtful. Those rates are pretty damn good as they are for newer models.
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