Interest Rates

Malvoe1 · 04-06-2006, 04:31 PM

What kind of interest rates are you getting for Auto Loans? And what banks are you going through? Mostly BMW? Thanks.

bsjd00 · 04-06-2006, 06:10 PM

4.49% for 4 years through a local credit union which is open to all members of my state.

BMW usually has the highest rates, unless they happen to be running a special at the time.

Romulus · 04-06-2006, 06:52 PM

1.9 through bmw

Punamo · 04-06-2006, 10:30 PM

2.9% approved by BMW Finance over here, but will have to see if they follow through when the car arrives.

Gripster · 04-06-2006, 10:56 PM

4.99%/36 months through credit union

goIrish · 04-06-2006, 10:57 PM

6.2 from USAA for 6 years. BMW has specials from time to time, but market avg for FICO scores in the 730's is from 5.99-6.2 right now. Most banks set their rates at the start of the month but from what I understand from the finance person @ my dealership, BMW usually runs specials in 2 week cycels on rates and don't really advertise them either. The best rates from BMW are for CPO's most of the time. Not always.

magamaga · 04-06-2006, 11:17 PM

5.24 penfed.org

PSUBALL10 · 04-07-2006, 07:37 AM

1.9% from BMW for 5 yrs.

h_curtis · 04-07-2006, 08:46 AM

1.9% is what I was quoted. It is supposed to last until the end of April. My car won't be here until May, so I hope I can get that rate?? I don't know yet, think I better call and find out.

goIrish · 04-07-2006, 10:26 AM

Any clue what your credit score was to get 1.9%?? I signed my deal on 25 March but won't take delivery for another week or so. My financing isn't completed at this point so I could try to hammer for that deal from BMW finance.

Malvoe1 · 04-07-2006, 10:31 AM

Is there some deal from BMW in the midwest to get 1.9%? That is awesome.

h_curtis · 04-09-2006, 07:29 AM

Quote:

Originally Posted by Malvoe1

Is there some deal from BMW in the midwest to get 1.9%? That is awesome.

I thought that was the whole US? You can't get that in TX?

goIrish · 04-09-2006, 04:18 PM

They probably do regional specials on interest rates just like other auto companies. They don't NEED 1.9% financing to move cars in California or NewYork.

foxx26 · 04-09-2006, 04:36 PM

Are the above rates for lease or for purchase? There is a huge difference. Lease rates (payment factors) are usually the lowest. I am a finance director.

PSUBALL10 · 04-09-2006, 08:22 PM

Quote:

Originally Posted by foxx26

Are the above rates for lease or for purchase? There is a huge difference. Lease rates (payment factors) are usually the lowest. I am a finance director.

I got 1.9% on a purchase.

Mr. BMW · 04-10-2006, 08:36 AM

Quote:

Originally Posted by PSUBALL10

I got 1.9% on a purchase.

1.9 for how many months?

Mr. BMW · 04-10-2006, 09:22 AM

Just talked to the Finance manager at my dealer and she told me there is no such 1.9 deal from BMWNA. Their current rate is 7.45 right now on a purchase.
Not sure how you guys are getting 1.9 but it's not through BMWNA.

PSUBALL10 · 04-10-2006, 09:56 AM

Quote:

Originally Posted by Mr. BMW

1.9 for how many months?

for 60 months

Chuck_IV · 04-10-2006, 10:14 AM

Quote:

Originally Posted by PSUBALL10

for 60 months

From who?

Quote:

Originally Posted by Mr. BMW

Just talked to the Finance manager at my dealer and she told me there is no such 1.9 deal from BMWNA. Their current rate is 7.45 right now on a purchase.
Not sure how you guys are getting 1.9 but it's not through BMWNA.

That sounds high as I just got 6.4% for 60 mo from BMWNA, on a March 28th purchase. This rate was pulled prior to even starting the purchase process, so it wasn't influenced by my credit rating(not that it's bad at all but just mentioning it wasn't influenced by such).

no_exit · 04-10-2006, 10:24 AM

Quote:

Originally Posted by Mr. BMW

Just talked to the Finance manager at my dealer and she told me there is no such 1.9 deal from BMWNA. Their current rate is 7.45 right now on a purchase.
Not sure how you guys are getting 1.9 but it's not through BMWNA.

It is through BMW Financial Services - I only got 2.9% but I know others are getting 1.9%.

Chuck_IV · 04-10-2006, 10:40 AM

Quote:

Originally Posted by no_exit

It is through BMW Financial Services - I only got 2.9% but I know others are getting 1.9%.

This must be region specific or maybe based on the model you bought(I see both of you got 330's) because I don't know anyone around here getting those rates(thru BWM on 325's).

Mr. BMW · 04-10-2006, 11:09 AM

Was this a special offer or something? I just called BMWNA to see what the rate was and they said I would have to go through my dealer. When I mention 1.9 and 2.9 he said he had never heard any rate that low.
He also said that the rate was specific to each dealer depending on what kind of deal they have. My dealer says the rate is set by BMWNA and everyone gets the same rate. I can't get a straight answer :mad:

04-06-2006, 04:31 PM	#1
Malvoe1 Private 4 Rep 62 Posts Drives: 2006 330i Join Date: Mar 2006 Location: Denver iTrader: (0)	Interest Rates What kind of interest rates are you getting for Auto Loans? And what banks are you going through? Mostly BMW? Thanks.
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04-06-2006, 06:10 PM	#2
bsjd00 Lieutenant 38 Rep 407 Posts Drives: e90 Join Date: Dec 2005 Location: U.S. iTrader: (0)	4.49% for 4 years through a local credit union which is open to all members of my state. BMW usually has the highest rates, unless they happen to be running a special at the time.
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04-06-2006, 06:52 PM	#3
Romulus Private First Class 15 Rep 171 Posts Drives: 05 M3 Join Date: Jan 2006 Location: Charleston, SC iTrader: (0)	1.9 through bmw
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04-06-2006, 10:30 PM	#4
Punamo New Member 0 Rep 28 Posts Drives: e90 330i Join Date: Nov 2005 Location: IL iTrader: (0)	2.9% approved by BMW Finance over here, but will have to see if they follow through when the car arrives.
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04-06-2006, 10:56 PM	#5
Gripster Captain 145 Rep 981 Posts Drives: E93 M3 Join Date: May 2005 Location: San Diego iTrader: (5) Garage List 2013 BMW M3 [0.00]	4.99%/36 months through credit union __________________ *2013 M3 (E93)* - ZPP/ZCW/DCT
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04-06-2006, 10:57 PM	#6
goIrish Enlisted Member 0 Rep 42 Posts Drives: 2006 325i Join Date: Apr 2006 Location: Wyoming iTrader: (0)	6.2 from USAA for 6 years. BMW has specials from time to time, but market avg for FICO scores in the 730's is from 5.99-6.2 right now. Most banks set their rates at the start of the month but from what I understand from the finance person @ my dealership, BMW usually runs specials in 2 week cycels on rates and don't really advertise them either. The best rates from BMW are for CPO's most of the time. Not always.
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04-06-2006, 11:17 PM	#7
magamaga - 25 Rep 526 Posts Drives: BMW 325i Join Date: May 2005 Location: Houston, Texas iTrader: (0) Garage List 2006 325i [0.00]	5.24 penfed.org __________________ 325i Sparkling Graphite/Navigation/Steptronic/HeatedSeats/ DRL Angel Eyes/Metal Pedals/Tail Pipe Tips/Rear BMW Spoiler/BMWAlarm/LoJack/BlackLineTailLights/Hardwired BeltronicsProfessionalRX65RadarDetector/Rear FogLights/Debadged/LUX 5.0/ACS Roof Spoiler
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04-07-2006, 07:37 AM	#8
PSUBALL10 Second Lieutenant 25 Rep 285 Posts Drives: 2018 X5 Join Date: Mar 2006 Location: Pittsburgh, PA iTrader: (5)	1.9% from BMW for 5 yrs.
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04-07-2006, 08:46 AM	#9
h_curtis Second Lieutenant 8 Rep 252 Posts Drives: ordered blk s 330 sp, pr, cold Join Date: Feb 2006 Location: pittsburgh, pa (steeler country) iTrader: (0)	1.9% is what I was quoted. It is supposed to last until the end of April. My car won't be here until May, so I hope I can get that rate?? I don't know yet, think I better call and find out.
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04-07-2006, 10:26 AM	#10
goIrish Enlisted Member 0 Rep 42 Posts Drives: 2006 325i Join Date: Apr 2006 Location: Wyoming iTrader: (0)	Any clue what your credit score was to get 1.9%?? I signed my deal on 25 March but won't take delivery for another week or so. My financing isn't completed at this point so I could try to hammer for that deal from BMW finance.
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04-07-2006, 10:31 AM	#11
Malvoe1 Private 4 Rep 62 Posts Drives: 2006 330i Join Date: Mar 2006 Location: Denver iTrader: (0)	Is there some deal from BMW in the midwest to get 1.9%? That is awesome.
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04-09-2006, 04:18 PM	#13
goIrish Enlisted Member 0 Rep 42 Posts Drives: 2006 325i Join Date: Apr 2006 Location: Wyoming iTrader: (0)	They probably do regional specials on interest rates just like other auto companies. They don't NEED 1.9% financing to move cars in California or NewYork.
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04-09-2006, 04:36 PM	#14
foxx26 Private First Class 4 Rep 130 Posts Drives: 2008 Sport Trac Join Date: Oct 2005 Location: Rio Rico iTrader: (0)	Rates Are the above rates for lease or for purchase? There is a huge difference. Lease rates (payment factors) are usually the lowest. I am a finance director.
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04-10-2006, 09:22 AM	#17
Mr. BMW Major 261 Rep 1,389 Posts Drives: 2012 E92 M3 Join Date: Feb 2006 Location: MA iTrader: (0) Garage List 2012 M3 [0.00] 2006 330i [0.00] 2018 Jeep Grand Che ... [0.00]	Just talked to the Finance manager at my dealer and she told me there is no such 1.9 deal from BMWNA. Their current rate is 7.45 right now on a purchase. Not sure how you guys are getting 1.9 but it's not through BMWNA.
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04-10-2006, 11:09 AM	#22
Mr. BMW Major 261 Rep 1,389 Posts Drives: 2012 E92 M3 Join Date: Feb 2006 Location: MA iTrader: (0) Garage List 2012 M3 [0.00] 2006 330i [0.00] 2018 Jeep Grand Che ... [0.00]	Was this a special offer or something? I just called BMWNA to see what the rate was and they said I would have to go through my dealer. When I mention 1.9 and 2.9 he said he had never heard any rate that low. He also said that the rate was specific to each dealer depending on what kind of deal they have. My dealer says the rate is set by BMWNA and everyone gets the same rate. I can't get a straight answer :mad:
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