Quote:
Originally Posted by SimsimmaM340i
True, BMWFS site and the financing options at the end of the build config. are showing 3.99%. Did you fill out an app and 4.99% is what they offered?
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Yes this is the case. BMWFS advertised rate is now up to 3.99% (up from 3.49% last month). The extra 1%, is marked up from the dealer (which is the maximum they can increase by) is pure dealer backend profit. Even if you have tier1 credit well into the 800's
they will still tack it on.
This is what they are "demanding" to offset the lack of inventory. Some also added the ADM on the front end as well. Your choices are to seek financing elsewhere or pay cash. Many are looking into credit unions also.
I most likely plan to finance through BMWFS but at a shorter 36 month term with 1/2 down. Less of a hassle and less interest (but larger payments). Whatever your situation dictates.( I'd stay away from leases now, rates are brutal and you can practically buy the car for a couple years more.