BMW Financing specials 1.9% ????

JayD · 07-08-2008, 06:45 PM

Hello all. My 08 335i manual trans will be arriving at the dealership next week. I am currently approved for 3.9 financing through bmw financial. I have seen several posts where people are getting 1.9% for 60 months and a free upgrade to an automatic trans. I don't care about the auto trans upgrade but I would like 1.9% if available. The bmwusa web site under financing offers only has 3.9% (a continuation of the financing for several months now.) My finance director said 3.9 is the only thing available. So what is up with this 1.9% financing?????

BMW F22 · 07-08-2008, 06:47 PM

The 1.9% rate is only for those that currently have a BMW (i.e. return customers).

J. Diddy · 07-08-2008, 06:58 PM

I was hoping to get the 1.9% too, but my dealer said the same thing - only available if I currently have a BMW in the house. I was hoping they'd give it to me anyway, but no such luck yet.

200Duece · 07-08-2008, 09:16 PM

If you have any BMW with Reg or Title in your name you can qualify for a 2% rate ruduction

IDreamofBimmers · 07-08-2008, 09:17 PM

is this just for new cars? or would it apply to refis?

John 070 · 07-08-2008, 09:28 PM

Quote:

Originally Posted by IDreamofBimmers

is this just for new cars? or would it apply to refis?

My buddy was telling me how he closed his auto loan out with a transfer check from Citi, and it was 0% no fee. He's kept his balance at 0% for the last 6+ mos. But it came to an end and he's paying the Citi balance with a heloc at 4.25%. There are so many ways to do things when you have good credit. 1.9% is no picnic, when it causes you to buy something you weren't really planning on getting or don't want. Like furniture 0% no payments until 2013. I don't want any furniture so the 0% doesn't entice me. If I hadn't bought a BMW in 2k6, I wouldn't be looking to get one today, even at $4200 off list and 1.9%. The economy is just too shaky. I'm glad I sold mutual funds at the end of '06 to downpay my E92, which was a good thing, but that's hindsight. If I hadn't and those funds went down, I'm not selling them today at a low to get a car.

200Duece · 07-08-2008, 09:34 PM

It's just new cars. and 1.9% is damn near free money. What was the point of saving the 4.25% for 6 months and then using the heloc. shoulda just did it from the begining. The 1.9% is for 60 months

And now you are just hoping that the stocks that you don't have anymore are going to be worth more than a car that depreciates as I post this. The Stocks will bump back up. Your E92 wont

BK · 07-08-2008, 10:21 PM

Quote:

Originally Posted by 200Duece

It's just new cars. and 1.9% is damn near free money.

+1 Even if you could pay cash, it would make sense to finance at 1.9% for 60 months. It's free money. Put the cash you'd spend on the car in a MMF with automatic withdrawals for the monthly payments, and you actually come out ahead compared to paying all cash up front.

Not that I'm looking at buying a new car, but damn, 1.9%? Very nice.

shift330 · 07-08-2008, 10:31 PM

Good to know, I've beencontemplating putting in an order for an e90 M3

hensta · 07-08-2008, 11:58 PM

Best way to go is 0% financing. In other words, save up first and pay it in full. I always go by the mantra, "if you can't afford to pay cash for a car, you can't afford the car." Pay cash for things that depreciate and borrow for things that appreciate. These days though, not much is appreciating.

yazz · 07-09-2008, 12:30 AM

Quote:

Originally Posted by hensta

Best way to go is 0% financing. In other words, save up first and pay it in full. I always go by the mantra, "if you can't afford to pay cash for a car, you can't afford the car." Pay cash for things that depreciate and borrow for things that appreciate. These days though, not much is appreciating.

i'm all for it, but financing a portion of the car helps build credit (assuming you are able to make your payments)

RMA · 07-09-2008, 08:12 AM

Quote:

Originally Posted by shift330

Good to know, I've beencontemplating putting in an order for an e90 M3

I don't think the 1.9% applies to M cars.

RX7guy · 07-09-2008, 08:19 AM

Go pick up an old, non running shell for $500. As long as its a legit chassis, it will have a title. It will be an ugly lawn ornament, but you can make your money back easily by getting your lower APR.

vindicator · 07-09-2008, 10:23 AM

Can you get 1.9% for a lease?

BK · 07-09-2008, 12:14 PM

Quote:

Originally Posted by hensta

Best way to go is 0% financing. In other words, save up first and pay it in full. I always go by the mantra, "if you can't afford to pay cash for a car, you can't afford the car." Pay cash for things that depreciate and borrow for things that appreciate. These days though, not much is appreciating.

See my post above. At 1.9%, financing is a more sound decision than paying cash.

BMW F22 · 07-09-2008, 12:18 PM

Quote:

Originally Posted by vindicator

Can you get 1.9% for a lease?

No- current lease rate right now is .0019 for 335i sedan and .0021 for coupe.

Mooreski · 07-09-2008, 01:18 PM

Where did you guys hear about this 1.9 offer? I looked everywhere I could and found no mention of it.

07-08-2008, 06:45 PM	#1
JayD Second Lieutenant 54 Rep 213 Posts Drives: 08 335i Join Date: May 2008 Location: upper mid-west iTrader: (0)	BMW Financing specials 1.9% ???? Hello all. My 08 335i manual trans will be arriving at the dealership next week. I am currently approved for 3.9 financing through bmw financial. I have seen several posts where people are getting 1.9% for 60 months and a free upgrade to an automatic trans. I don't care about the auto trans upgrade but I would like 1.9% if available. The bmwusa web site under financing offers only has 3.9% (a continuation of the financing for several months now.) My finance director said 3.9 is the only thing available. So what is up with this 1.9% financing?????
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07-08-2008, 06:47 PM	#2
BMW F22 Major General 3565 Rep 9,788 Posts Drives: ///M235i Join Date: Nov 2005 Location: Bay Area iTrader: (8)	The 1.9% rate is only for those that currently have a BMW (i.e. return customers).
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07-08-2008, 06:58 PM	#3
J. Diddy Private First Class 4 Rep 155 Posts Drives: 335i Join Date: May 2008 Location: Cleveland, OH iTrader: (0)	I was hoping to get the 1.9% too, but my dealer said the same thing - only available if I currently have a BMW in the house. I was hoping they'd give it to me anyway, but no such luck yet.
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07-08-2008, 09:16 PM	#4
200Duece Colonel 45 Rep 2,575 Posts Drives: '73 2002,'18 X5 35d,'17 328d T Join Date: Jan 2007 Location: A Whale's Vagina, Ca iTrader: (5)	If you have any BMW with Reg or Title in your name you can qualify for a 2% rate ruduction
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07-08-2008, 09:17 PM	#5
IDreamofBimmers Captain 23 Rep 986 Posts Drives: 2008 VW GTI Join Date: Jan 2007 Location: Bethesda, MD iTrader: (0)	is this just for new cars? or would it apply to refis? __________________ 2008 VW GTI
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07-08-2008, 09:34 PM	#7
200Duece Colonel 45 Rep 2,575 Posts Drives: '73 2002,'18 X5 35d,'17 328d T Join Date: Jan 2007 Location: A Whale's Vagina, Ca iTrader: (5)	It's just new cars. and 1.9% is damn near free money. What was the point of saving the 4.25% for 6 months and then using the heloc. shoulda just did it from the begining. The 1.9% is for 60 months And now you are just hoping that the stocks that you don't have anymore are going to be worth more than a car that depreciates as I post this. The Stocks will bump back up. Your E92 wont
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07-08-2008, 10:31 PM	#9
shift330 Blue Force Tracker 124 Rep 1,372 Posts Drives: 2010 Hyundai Genesis Coupe Join Date: Feb 2008 Location: Sierra Vista, AZ iTrader: (6) Garage List 2006 330i [0.00]	Good to know, I've beencontemplating putting in an order for an e90 M3 __________________ Stay safe 855th MP Company! Hosmer/Espinoza you're my boys!!
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07-08-2008, 11:58 PM	#10
hensta I see old people 7 Rep 111 Posts Drives: too slow in my '08 335i coupe Join Date: Oct 2006 Location: Nor CA iTrader: (0)	Best way to go is 0% financing. In other words, save up first and pay it in full. I always go by the mantra, "if you can't afford to pay cash for a car, you can't afford the car." Pay cash for things that depreciate and borrow for things that appreciate. These days though, not much is appreciating.
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07-09-2008, 08:19 AM	#13
RX7guy First Lieutenant 11 Rep 354 Posts Drives: 07 e92 335i, 93 rx7 Join Date: Jul 2008 Location: Chicago, IL iTrader: (1)	Go pick up an old, non running shell for $500. As long as its a legit chassis, it will have a title. It will be an ugly lawn ornament, but you can make your money back easily by getting your lower APR. __________________ 10 Porsche 911 C2S - Cream White / Natural Brown 09 335i E92 LeMans blue M-sport 6MT SOLD: 08 335i E90, 07 335i E92 AW/CR, 93 RX-7 464 rwhp
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07-09-2008, 10:23 AM	#14
vindicator balllllllllin 20 Rep 173 Posts Drives: 2009 335i xDrive Join Date: Jun 2008 Location: MI iTrader: (0)	Can you get 1.9% for a lease? __________________
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07-09-2008, 01:18 PM	#17
Mooreski Lieutenant 29 Rep 489 Posts Drives: LMB '09 E90 M3 Join Date: Sep 2007 Location: Portland, OR iTrader: (1)	Where did you guys hear about this 1.9 offer? I looked everywhere I could and found no mention of it.
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