Quote:
Originally Posted by gs1403
Quote:
Originally Posted by comebackid
I did exactly that.
Thanks for the advice.
Now what happens when I get approved? I assume the dealer has to honor the 3.49?
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My bad, I should have said just grab that info and don't actually submit it since the dealer has already run your credit with BMW FS. It shouldn't ding your credit history with another inquiry since your dealer ran your credit recently and the bureaus will know you're shopping around for an auto loan.
Three possible outcomes: 1. Dealer will give you the 3.49; 2. Dealer will stick to the 3.99 and admit the rate is marked up; 3. 3.99 was the best rate you qualified for due to credit score/history. I'd say #2 is the most likely scenario. |
Thanks for the insight.
Credit score is top tier so I expect they'll admit to the markup which ticks me off. I didn't know the dealer could do that and wish he was transparent with me when I originally asked why.