Running out of money for 0.9%

TheSandman · 08-13-2008, 07:20 AM

Wanted to know, especially from the CAs on the fourm, if it is true that BMWFS is really running out of money to lend for the 0.9% financing. I was just called by my CA saying that BMWFS is running out of money for 0.9% and that he would need to complete the paperwork, car unseen, in order to guarantee this rate. Is this true from what you all know or is this just a manuever to lock in the sale?

RyanLouisville · 08-13-2008, 07:39 AM

I'm a CA, that is a nice line he is shooting you. Although BMWfs's rates are not announced in advance, most of the time. Most of the time we don't really know what the new rate is for the month until the 1st day of the new month. With that said, if you are ready to roll and you want the .9% you better lock it down, it may be gone on the 2nd of Sep.

josephr25 · 08-13-2008, 08:12 AM

I thought the 0.9 was good till September 2. That said, the dealership couldn't find a 335i six-speed manual coupe for the life of me, until after two weeks of trying. They picked it up and although it wasn't the one I really wanted, it had all the basic options I wanted.

jimmy13 · 08-13-2008, 08:53 AM

That is a bad sales line. I know the business department for BMW. If they tell you that you can lock a rate down before your car gets to the dealer they are not following the letter of the law and this is a huge no no.

As far as the 0.9 it will be here till the end of the month BMW gives us rates monthy.

I have never seem them give this rate and dont expect it ro e around after this month but who knows.

e90fanatic · 08-13-2008, 10:41 AM

Quote:

Originally Posted by TheSandman

Wanted to know, especially from the CAs on the fourm, if it is true that BMWFS is really running out of money to lend for the 0.9% financing. I was just called by my CA saying that BMWFS is running out of money for 0.9% and that he would need to complete the paperwork, car unseen, in order to guarantee this rate. Is this true from what you all know or is this just a manuever to lock in the sale?

lol full of $hit

methodtim · 08-13-2008, 11:21 AM

I swear, for every good CA, there are, what, 1 gajillion bad ones (gajillion being a real number!).

///Mandy · 08-13-2008, 03:43 PM

Wow...
Here in Canada BMWF is offering 1% on the 2008 E90 sedans....

RMA · 08-13-2008, 04:16 PM

BMW will be running out of $$ if the economy doesn't get any better

BMW F22 · 08-13-2008, 04:30 PM

That's the funniest thing I've heard today. I don't know how they're losing money if they're still charging interest on their cars. In other words unless they're giving -.9%, they are still making money.

CALIF65GM · 08-13-2008, 10:05 PM

Another reason why CA get such a bad name.

If some CA tried to feed me that line, I think I'd be running out of that dealership and finding another one.

positiveions · 08-15-2008, 03:51 PM

Liar liar!

IrvRobinson · 08-18-2008, 04:22 PM

The way business is these days,they could extend the '08 financing rates until the end of September.......

Sal@AUTOcouture · 08-19-2008, 08:19 PM

LOL thats a sales pitch gone wrong.

BMW introduced the 0.9% to try and get the American market to leave leasing and go back to traditional buy/ finance. They lose too much money on lease returns (residual vs. actual value).

From my experience working for BMW, I can see the rates (currently only good thru 9/2) to be extended to AT LEAST the end of September. My guess...till the 09's start rollin in.

just my .02

08-13-2008, 07:20 AM	#1
TheSandman New Member 0 Rep 9 Posts Drives: 335i e93 Join Date: Jul 2008 Location: Houston iTrader: (0)	Running out of money for 0.9% Wanted to know, especially from the CAs on the fourm, if it is true that BMWFS is really running out of money to lend for the 0.9% financing. I was just called by my CA saying that BMWFS is running out of money for 0.9% and that he would need to complete the paperwork, car unseen, in order to guarantee this rate. Is this true from what you all know or is this just a manuever to lock in the sale?
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08-13-2008, 07:39 AM	#2
RyanLouisville CA 0 Rep 26 Posts Drives: 325i Sport Join Date: Mar 2008 Location: Louisville, KY iTrader: (0)	I'm a CA, that is a nice line he is shooting you. Although BMWfs's rates are not announced in advance, most of the time. Most of the time we don't really know what the new rate is for the month until the 1st day of the new month. With that said, if you are ready to roll and you want the .9% you better lock it down, it may be gone on the 2nd of Sep. __________________ Ryan Last edited by RyanLouisville; 08-13-2008 at 08:17 AM..
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08-13-2008, 08:12 AM	#3
josephr25 Major 68 Rep 1,456 Posts Drives: 2008 E92 335i Join Date: Aug 2008 Location: Irvine, CA iTrader: (2) Garage List 2008 BMW 335i Coupe [0.00]	I thought the 0.9 was good till September 2. That said, the dealership couldn't find a 335i six-speed manual coupe for the life of me, until after two weeks of trying. They picked it up and although it wasn't the one I really wanted, it had all the basic options I wanted.
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08-13-2008, 08:53 AM	#4
jimmy13 Enlisted Member 8 Rep 37 Posts Drives: 328, M3 Coupe Join Date: Mar 2007 Location: Va Beach, VA iTrader: (0)	That is a bad sales line. I know the business department for BMW. If they tell you that you can lock a rate down before your car gets to the dealer they are not following the letter of the law and this is a huge no no. As far as the 0.9 it will be here till the end of the month BMW gives us rates monthy. I have never seem them give this rate and dont expect it ro e around after this month but who knows.
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08-13-2008, 11:21 AM	#6
methodtim Brigadier General 374 Rep 3,883 Posts Drives: Audi RS Q8 Join Date: Mar 2007 Location: Darkness there, and nothing more iTrader: (0) Garage List 2021 Audi RS Q8 [0.00] 2021 BMW X3 M40i [0.00] 2017 Toyota Tacoma [0.00]	I swear, for every good CA, there are, what, 1 gajillion bad ones (gajillion being a real number!). __________________
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08-13-2008, 03:43 PM	#7
///Mandy N54 <3 240 Rep 1,558 Posts Drives: E90 335xi Join Date: Apr 2008 Location: Here. iTrader: (1)	Wow... Here in Canada BMWF is offering 1% on the 2008 E90 sedans.... __________________ E90 335xi\|Nav pkg\|Sport pkg\|Dakota leather\|Brushed aluminum trim\|MTech kit
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08-13-2008, 04:16 PM	#8
RMA Major 38 Rep 1,015 Posts Drives: 2009 135i M sport coupe Join Date: Jul 2008 Location: Tampa, Fl iTrader: (6) Garage List 2009 135i M sport c ... [0.00]	BMW will be running out of $$ if the economy doesn't get any better __________________
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08-13-2008, 04:30 PM	#9
BMW F22 Major General 3566 Rep 9,788 Posts Drives: ///M235i Join Date: Nov 2005 Location: Bay Area iTrader: (8)	That's the funniest thing I've heard today. I don't know how they're losing money if they're still charging interest on their cars. In other words unless they're giving -.9%, they are still making money.
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08-13-2008, 10:05 PM	#10
CALIF65GM Colonel 97 Rep 2,041 Posts Drives: e93-35 May08 ED Join Date: Jun 2005 Location: SF, CA iTrader: (0) Garage List 06 - Oct. 05 build ... [0.00]	Another reason why CA get such a bad name. If some CA tried to feed me that line, I think I'd be running out of that dealership and finding another one. __________________ 5-2-08 e93-35 ED Montego w/Jade Grey, Step w/Paddles, PP, SP, CA, hot seats and iPod.Awaing re-delivery soon. Debadged 330xi ED 11/14/05 Auto/Mystic Blue/Gray leather with Alum/PP/SP/CA/Fold-down rear seats/Alarm. Sold to Carmax on 6/7/08 with 50,624 miles on clock Last edited by CALIF65GM; 08-13-2008 at 10:06 PM.. Reason: typo
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08-15-2008, 03:51 PM	#11
positiveions Lieutenant General 961 Rep 11,722 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	Liar liar!
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08-18-2008, 04:22 PM	#12
IrvRobinson Banned 39 Rep 731 Posts Drives: X3 Join Date: Jul 2006 Location: Chicago iTrader: (0)	The way business is these days,they could extend the '08 financing rates until the end of September.......
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08-19-2008, 08:19 PM	#13
Sal@AUTOcouture 733 Rep 10,105 Posts Drives: E93 M3, E36 M3 Join Date: Feb 2007 Location: Sofla iTrader: (30)	LOL thats a sales pitch gone wrong. BMW introduced the 0.9% to try and get the American market to leave leasing and go back to traditional buy/ finance. They lose too much money on lease returns (residual vs. actual value). From my experience working for BMW, I can see the rates (currently only good thru 9/2) to be extended to AT LEAST the end of September. My guess...till the 09's start rollin in. just my .02
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