[Vishal50028]

Originally Posted by Ibiza

Just need the stock market to have a major correction next and there goes all the paper wealth that M customers didn't mind paying the $5k MAP.

On a postive note, the higher interest rate should thin out the waiting list.

The Market gonna jump back up too though

[50shadesofhockenheim]

Originally Posted by Vishal50028

Not sure. I don't have the account yet but will use my rewards to go toward payments when I get the car. I haven't had a bmw fs account since I paid off my 335

So it looks like on BMW FS website you can pay with a debit card (not credit). In that case, once I get my car, I am going to make my monthly payments with my Coinbase Visa Debit card.. It's 4% cash back in crypto that you can immediately convert to USD or transfer into another crypto if you'd like

[Vishal50028]

Originally Posted by 50shadesofhockenheim

So it looks like on BMW FS website you can pay with a debit card (not credit). In that case, once I get my car, I am going to make my monthly payments with my Coinbase Visa Debit card.. It's 4% cash back in crypto that you can immediately convert to USD or transfer into another crypto if you'd like

Nice. I was on the wait list for that card and gave up. Maybe I should look back into it. I'll get about 75 bucks a month in rewards from the bmw Mastercard to go to payments in meantime

['Cane]

Originally Posted by geim9000

My CA told me yesterday that every BMW dealership has 90 days from when they placed an order to get back older money factos and APR without getting approval from BMW, and if it surpasses the 90 day period, they need to go to BMW corporate, but still said it wasn't a problem. Had a client that took 5 months for his car to be delivered, and was able to secure the deal he locked in 5 months prior.

When did you place your order?

Back in the good 'ol days, October '21.

[50shadesofhockenheim]

Originally Posted by Vishal50028

Nice. I was on the wait list for that card and gave up. Maybe I should look back into it. I'll get about 75 bucks a month in rewards from the bmw Mastercard to go to payments in meantime

You can pay your monthly payments with that BMW mastercard or are you earning points another way?

[gohawks23]

Originally Posted by Ibiza

Just need the stock market to have a major correction next and there goes all the paper wealth that M customers didn't mind paying the $5k MAP.

On a postive note, the higher interest rate should thin out the waiting list.

Yeah, I'm gonna wait to see what happens as I believe a lot of loan/lease buyers kinda stretched out financially to begin with...cash becoming king again... I think 'deals' and more reasonable personal reselling will return by the fall.

I'm also on sidelines for housing market too...will be an interesting year there too! GO Fed!

[Vishal50028]

Originally Posted by 50shadesofhockenheim

You can pay your monthly payments with that BMW mastercard or are you earning points another way?

I use it for my everyday purchases, car insurance , taxes etc etc. The cash back then can be applied toward your bmw fs payments. I also used it for my down payment and got 5% back

[abdulisraddd]

36/12
.00136 MF and 56% residual
$1000 loyalty

This months lease program

[elkid23]

Originally Posted by abdulisraddd

36/12
.00136 MF and 56% residual
$1000 loyalty

This months lease program

So loyalty was bumped up to 1000 from 500? That's regardless of purchase or lease right?

[gohawks23]

Originally Posted by abdulisraddd

36/12
.00136 MF and 56% residual
$1000 loyalty

This months lease program

Wow, the mostly mandatory bump will make it 4.22%!

[abdulisraddd]

Originally Posted by elkid23

So loyalty was bumped up to 1000 from 500? That's regardless of purchase or lease right?

I'm assuming for purchase also but mf went up and keeps going up.

[abdulisraddd]

Originally Posted by gohawks23

Wow, the mostly mandatory bump will make it 4.22%!

why mandatory??

[gohawks23]

Originally Posted by abdulisraddd

why mandatory??

Most dealers at MSRP are requiring full finance/lease MF bumps, 0.0004 for MF and 1% for loans. Some non MSRP also require.

[KANdaddy]

Originally Posted by geim9000

My CA told me yesterday that every BMW dealership has 90 days from when they placed an order to get back older money factos and APR without getting approval from BMW, and if it surpasses the 90 day period, they need to go to BMW corporate, but still said it wasn't a problem. Had a client that took 5 months for his car to be delivered, and was able to secure the deal he locked in 5 months prior.

When did you place your order?

I this accurate? My dealer is trying to charge me the new rate claiming they didn't lock me in last week even though I submitted my credit app and we placed the order for the car a week ago.

[Spykexx]

Originally Posted by KANdaddy

I this accurate? My dealer is trying to charge me the new rate claiming they didn't lock me in last week even though I submitted my credit app and we placed the order for the car a week ago.

If you just submitted the order, most don't run your credit. There's no point in doing so as cars are taking so long for delivery. Needless inquiry on your credit.

[ABQ_M3]

I just got 1.96% at my local credit union. When the car gets in ill just give them the pre approval letter and ask if they can beat it.