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Running out of money for 0.9%
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08-13-2008, 07:20 AM | #1 |
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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 |
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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.
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Last edited by RyanLouisville; 08-13-2008 at 08:17 AM.. |
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08-13-2008, 08:12 AM | #3 |
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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 |
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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, 10:41 AM | #5 | |
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Quote:
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To procede or not to procede......
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08-13-2008, 11:21 AM | #6 |
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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, 04:16 PM | #8 |
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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 |
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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 |
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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.
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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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08-19-2008, 08:19 PM | #13 |
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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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