Auto Loan Rates. Post your Rate!

Asmedbeats · 11-06-2022, 10:47 PM

Quote:

Originally Posted by BMW1983

2.29% locked for 60 days 9/21/22 with Amplify Credit Union Austin, Texas.

Now 60month term is 4.09%

I was very fortunate and was able to finalize purchase yesterday.

Doing PCD 11/15/22.

How did you finalize prior to picking the car up? My rate lock with amplify expires in a few days and my car is still crossing the Atlantic.

BMW1983 · 11-07-2022, 07:27 AM

Quote:

Originally Posted by Asmedbeats

How did you finalize prior to picking the car up? My rate lock with amplify expires in a few days and my car is still crossing the Atlantic.

What a frustrating situation for you!

Amplify needed a letter of guarantee from the dealer. I'm not sure if the letter was delivery by a certain date or on a certain date.

If I were you I'd be communicating with Amplify ASAP to see exactly what they need and then get your dealer to deliver to them ASAP.

Also, FYI, my dealer wouldn't do a bank draft from an outside lender so I was responsible to get the check to the dealer.

Amplify uses USPS and I didn't want to trust my timeline (PCD scheduled 11/15) to the potential delay of a lost check.

I drove to Austin from north of Houston (The Woodlands) and after picking up the check drove to the dealer to close the deal.

Some have told me it is fear of fraud with respect to bank drafts, I don't know.

Good luck!

Asmedbeats · 11-07-2022, 12:31 PM

Thanks for the info. Doesn't look like it's going to work for me. Going to relock at 3.74.

lorob121 · 11-07-2022, 12:38 PM

Quote:

Originally Posted by Aalfred

That’s pretty good. Which CU did u go with ? Had a 2.15% for 60 with Summit that expired and now they r like 5%. Have a 2.95% for 36 with ECU but worried about further delays. Rate expires 12/22. I need to buy with BMWFS and then refinance with them. ECU rates r already up to 4.5% for 60 now.

I went with Capital CU up in Fox Valley since I have mortgage through them. Their rates are inline with ECU. Would normally go with UWCU since I bank with them but they started agressively raising their rates higher than other CUs.

Has your car made it on a ship yet or is it stuck at port in Germany?

BMW1983 · 11-07-2022, 12:43 PM

Quote:

Originally Posted by Asmedbeats

Thanks for the info. Doesn't look like it's going to work for me. Going to relock at 3.74.

Sad outcome for you but 3.74 is still much better than other options including BMWFS. Thanks again for pointing me to Amplify.

Aalfred · 11-07-2022, 02:32 PM

Quote:

Originally Posted by lorob121

I went with Capital CU up in Fox Valley since I have mortgage through them. Their rates are inline with ECU. Would normally go with UWCU since I bank with them but they started agressively raising their rates higher than other CUs.

Has your car made it on a ship yet or is it stuck at port in Germany?

Thanks. My car is on the Donington and reaching Brunswick tomorrow. Im planning on doing PCD so thats gonna add some time. I had a rate lock with summit credit union for 2.25% that expired and the next best if 2.95% for 36 months with ECU. BMWFS with dealer is 5.5% and I have to do their first before I can refinance. I plan on buying the car when it hits VDC so that way, i have some time before I refinance.

Tony_M3 · 11-07-2022, 08:07 PM

Anyone know what the base rate is currently for BMWFS? I got quoted 5.99 by my CA for 60 months.

Fugly M3 · 11-07-2022, 09:01 PM

Quote:

Originally Posted by Tony_M3

Anyone know what the base rate is currently for BMWFS? I got quoted 5.99 by my CA for 60 months.

That's marked up a full percentage point. 4.99% for 60 and 5.49% for 72.

MaxechosM3 · 11-08-2022, 07:11 AM

Quote:

Originally Posted by Draper

Quote:

Originally Posted by MaxechosM3

Don't think they can force you to use their preferred bank. Just tell them your buying a house and can't run your credit. So your pre-approval is your only option. You should be fine. Never have had an issues doing this and I buy cars yearly.

This will vary based on the dealer.

I paid cash when I took delivery of my M3 last month and the dealer still insisted on running credit 'to protect the community'. After a lot of back and forth the only thing they were willing to offer was to wait 7-10 days for funds to clear before taking delivery.

Yea that's to verify identity most states it's required, I mean strictly for financing.

soccer1982 · 11-10-2022, 07:03 PM

Got quoted 6.49% from BMWFS

Thankfully they're okay with outside financing, so I found a CU nearby with rates in the 4s that locks in for 60 days. Now just gotta wait for the car to leave the port soon

NorCalAthlete · 11-10-2022, 08:26 PM

4.59% with Tech CU. Best I could find around here. 68 months I think it was? Some odd number in between 60 and 72. I dunno. Good enough for now.

gilbertfg · 11-11-2022, 03:27 AM

Man they're really jacking up the interest. I guess I waited too long. My '21 X1 that I traded for an M3 is at 2.19% and my wife's Ram 1500 is at 2.29%., both with Navy Federal. I owe way less than before and Navy Federal gave me 7.19%, then I tried Service Credit Union with 6%.

Jsndiesel · 11-16-2022, 03:51 PM

Just secured 2.49 through UHS credit union in upstate NY. They are having a Veterans Day loan sale till Friday.

zksgarage · 11-16-2022, 08:10 PM

Quote:

Originally Posted by Jsndiesel

Just secured 2.49 through UHS credit union in upstate NY. They are having a Veterans Day loan sale till Friday.

Crazy good....do you know if they offer for people out of state?

Jsndiesel · 11-17-2022, 08:23 AM

I looked. Unfortunately need to be a family member of current member and it looks like live in state as well.

Boostin335 · 11-17-2022, 08:46 AM

4.11% for 84 months - Affinity Federal Credit Union. $10 join fee open to anyone.

chujk1985 · 11-17-2022, 09:20 AM

Quote:

Originally Posted by Boostin335

4.11% for 84 months - Affinity Federal Credit Union. $10 join fee open to anyone.

wow, thats pretty decent.

Have you used them previously? What was your experience like if so?

amrh · 11-17-2022, 09:29 AM

Quote:

Originally Posted by Boostin335

4.11% for 84 months - Affinity Federal Credit Union. $10 join fee open to anyone.

Isn't it 5.11% for 84 months? That's what I'm seeing

FDfranklin · 11-17-2022, 09:35 AM

Anyone get a rate from BMW Select recently?

apexes · 11-17-2022, 09:38 AM

Quote:

Originally Posted by FDfranklin

Anyone get a rate from BMW Select recently?

According to the payment estimator the current rate is 4.99.

FDfranklin · 11-17-2022, 09:44 AM

Quote:

Originally Posted by apexes

According to the payment estimator the current rate is 4.99.

Yeah that's a filthy lie. According to my salesperson he said he's been seeing rates come through in the 7s

apexes · 11-17-2022, 09:46 AM

Quote:

Originally Posted by FDfranklin

Quote:

Originally Posted by apexes

According to the payment estimator the current rate is 4.99.

Yeah that's a filthy lie. According to my salesperson he said he's been seeing rates come through in the 7s

Sounds like your dealer is marking up the rates, 4.99 is the buy rate this month.

11-07-2022, 12:31 PM	#267
Asmedbeats Second Lieutenant 372 Rep 219 Posts Drives: 2023 M3 Comp Xdrive Join Date: Jun 2019 Location: TX iTrader: (1) Garage List [0.00] 2023 M3 Comp Xdrive [0.00] 2023 M3 Comp Xdrive [0.00]	Thanks for the info. Doesn't look like it's going to work for me. Going to relock at 3.74.
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11-07-2022, 08:07 PM	#271
Tony_M3 Private First Class 231 Rep 152 Posts Drives: 2023 G80 6MT Join Date: Jul 2022 Location: Seattle iTrader: (0)	Anyone know what the base rate is currently for BMWFS? I got quoted 5.99 by my CA for 60 months.
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11-10-2022, 07:03 PM	#274
soccer1982 New Member 11 Rep 17 Posts Drives: 128i Join Date: Jul 2022 Location: Mo iTrader: (0)	Got quoted 6.49% from BMWFS Thankfully they're okay with outside financing, so I found a CU nearby with rates in the 4s that locks in for 60 days. Now just gotta wait for the car to leave the port soon
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11-10-2022, 08:26 PM	#275
NorCalAthlete Lieutenant Colonel 3202 Rep 1,669 Posts Drives: '23 M4CX - Tanzanite / Tartufo Join Date: Aug 2014 Location: Bay Area, CA iTrader: (0)	4.59% with Tech CU. Best I could find around here. 68 months I think it was? Some odd number in between 60 and 72. I dunno. Good enough for now. __________________ Ego is the anesthesia that deadens the pain of stupidity. The single biggest problem in communication is the illusion that it has taken place. Wheel horsepower is just crank horsepower after taxes. IG: EmFore_650
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11-11-2022, 03:27 AM	#276
gilbertfg Turning wrenches for the USA since 2001! 93 Rep 373 Posts Drives: G80 Join Date: Aug 2006 Location: Mannheim, DE iTrader: (0) Garage List 2023 BMW [0.00]	Man they're really jacking up the interest. I guess I waited too long. My '21 X1 that I traded for an M3 is at 2.19% and my wife's Ram 1500 is at 2.29%., both with Navy Federal. I owe way less than before and Navy Federal gave me 7.19%, then I tried Service Credit Union with 6%.
	Appreciate 0 Quote

11-16-2022, 03:51 PM	#277
Jsndiesel Private 326 Rep 86 Posts Drives: 2019 sti. 2022 zr2 Join Date: Aug 2022 Location: Upstate Ny iTrader: (0)	Just secured 2.49 through UHS credit union in upstate NY. They are having a Veterans Day loan sale till Friday.
	Appreciate 2 DocWeatherington2951.00 zksgarage31.00 Quote

11-17-2022, 08:23 AM	#279
Jsndiesel Private 326 Rep 86 Posts Drives: 2019 sti. 2022 zr2 Join Date: Aug 2022 Location: Upstate Ny iTrader: (0)	I looked. Unfortunately need to be a family member of current member and it looks like live in state as well.
	Appreciate 0 Quote

11-17-2022, 08:46 AM	#280
Boostin335 Lieutenant Colonel 564 Rep 1,723 Posts Drives: G82 M4CX, C8, MKIV Supra Join Date: Sep 2007 Location: North/Central NJ iTrader: (2)	4.11% for 84 months - Affinity Federal Credit Union. $10 join fee open to anyone.
	Appreciate 3 DocWeatherington2951.00 Bimmerposter16.00 ////\/\4164.50 Quote

11-17-2022, 09:35 AM	#283
FDfranklin d[-_-]b 487 Rep 968 Posts Drives: Ordered: 2023 G80 M3 6MT Join Date: Aug 2010 Location: Tampa, Fl iTrader: (1)	Anyone get a rate from BMW Select recently?
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