[3MQR+6PQ]

Originally Posted by KingMota1

Yesterday the dealer quoted me 6.29% for 60 months from Wells Fargo. I am retired with only investment income and a very good credit score. Not sure why they didn't give me a rate directly from BMW finance. I think they reported a good income as my investments have done very well this year. In the end, I ended up just paying cash as I told them I wouldn't pay over the 5.29% I have heard others get.

Dealers seem to be playing more games than ever before. I will bring my own financing or pay cash. I won't even bother applying BMWFS.

[KingMota1]

Originally Posted by 3MQR+6PQ

Dealers seem to be playing more games than ever before. I will bring my own financing or pay cash. I won't even bother applying BMWFS.

You have to be diligent. Event on the silly protection package the Finance person said she was "giving me" on the first set of paperwork she actually increased my cash due by the $699 cost of the package. I called her on it and she blamed it on the CA and removed the charge and then gave me the package on next pass. She never could explain how she reduced the sale tax to compensate for the $699. BTW, I wouldn't have paid $50 for this BS package.

[gohawks23]

Originally Posted by 'Cane

Your post said to refinance after three months, which is what the dealer wants because if you finance earlier than that, they don’t get anything. So after 3 months is rewarding them for marking up the finance rate and making more money than they should otherwise. Marking up the rate is not being treated well.

I know all about the 3-4 payment thing and, maybe, but I understand they have targets and directives that need to be met too and pretty much all have treated me well in the process. For me I agree to their bump and don't care because I immediately pay off the whole car except for the 3-4 payments worth and it costs me hardly anything interest wise and they get their bonus.

[LucasM3]

Hey guys just got back from the dealer, i was looking at 25 M3 comp xdrive car have decent spec tanzanite blue, exec, parking, traffic package, full leather, sensatec dash. I was offered 5.29 financing, $1k off msrp and 4k more than carmax was offering for my trade in. I think I'll go for it, what do you think ?

[Brooklyn Grey 23]

Originally Posted by LucasM3

Hey guys just got back from the dealer, i was looking at 25 M3 comp xdrive car have decent spec tanzanite blue, exec, parking, traffic package, full leather, sensatec dash. I was offered 5.29 financing, $1k off msrp and 4k more than carmax was offering for my trade in. I think I'll go for it, what do you think ?

Wow....aint it rare for dealerships to beat others in trade in value? I approach it assuming I'm going to be lowballed out the gate. I'd probably take that deal and run.

[Salespunk]

Originally Posted by Brooklyn Grey 23

Wow....aint it rare for dealerships to beat others in trade in value? I approach it assuming I'm going to be lowballed out the gate. I'd probably take that deal and run.

You always want to check CarMax against Carvana, etc. Their bids depend on their current local inventory. I have seen as much as 15% difference in bids between them all.