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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) > Best rate for financing used car?



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      01-30-2009, 06:23 PM   #1
xtac
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Best rate for financing used car?

For someone with excellent credit, who do you recommend you go through when purchasing a cpo 07 335, is it always wise to with bmw, or a third party? Also what type of rate should I be expecting? Most advertised rates I see are 5.30%
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      01-30-2009, 06:52 PM   #2
atr_hugo
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xtac - check with your bank to see what rate they'd give you, then shop that rate.
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      01-31-2009, 02:26 AM   #3
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Thannks, but I am more interested to see what others have gotten recently, I have to shop the rate regardless
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      01-31-2009, 03:16 AM   #4
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I know that CPO rates from BMW for 05-06 cars is .9% - I don't think that you'll get a better rates outside of BMWFS , especially right now and probably the rest of the year. Bank rates for used cars are usually higher than new. You may want to sit and wait for more lease returns for 2007 models, BMW may extend their rates to include 2007 as well.

Good Luck either way!
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      01-31-2009, 07:33 AM   #5
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penfed 4.75% for 60 months on used 72 months new. Used them for years.
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      01-31-2009, 07:57 AM   #6
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Quote:
Originally Posted by firewired View Post
penfed 4.75% for 60 months on used 72 months new. Used them for years.
same here!!
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      01-31-2009, 11:13 AM   #7
adr1974
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Same here...and it's something like a one-time $20 fee to join (if you do not otherwise qualify).
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      01-31-2009, 12:09 PM   #8
xtac
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penfed, heard alot about them! yeah the 0.9% financing for 05-06 can't beat but I am aiming for the 335 so 07 is the earliest.
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      02-02-2009, 05:59 PM   #9
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From my experience, BMWFS offers the best APR rate. I spoke with my CA, the APR for non-promotion rate was not more than 4.9% (MY2007), much better than the bank.
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      02-04-2009, 01:01 AM   #10
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3.99 if you apply online at pentfed.org. Also, look into their payment reduction option. It's very similar to a lease but you own the car.
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