04-12-2022, 09:58 AM | #1 |
Lieutenant Colonel
2463
Rep 1,738
Posts |
For those of you with delays. You can get your original rate lock!
I wanted to share this information hoping it helps others.
I ordered my car back in Oct with an allocation. At the time the rate for BMWFS was 0.9%. My rate was locked for 90 days. I had received several delays. My original build week of 48 got pushed to week 50...then it was pushed 4 more times with a final build week of 3. In January the rates went up to 1.9% and I got a little anxious. I called my dealer to have them extend my rate lock since I wouldn't be getting the car within the 90 days from my original credit pull. My dealer insisted that I wouldn't have to do that and when the time came they would get an exception through BMW for my original 0.9%. More delays came, rates went up and now they are 2.99%. I ended up rate locking with Penfed since I really didnt trust my dealer that they would be able to deliver on my promised rate. Now that my stop sales are done and my car should be her in a few days (hopefully), my dealer called me to go over financing. As promised, they were able to submit a financing exception with BMW and got my 0.9% rate. I know there is a lot of unknown and people are getting different info from dealers but, it is possible. If you guys have gotten a delay and your rate expired, your dealer can submit an exception to BMW and get your original rate. Last edited by modat; 04-12-2022 at 10:23 AM.. |
Appreciate
10
NightWriter4844.00 M3X_TB2284.00 Team Tonka132.50 evilboi7771.50 SpeedyATL1878.50 discountbarber427.50 SimsimmaM3172.00 razman334.00 RNemesisN63545.50 maverick618422.00 |
04-12-2022, 11:27 AM | #4 |
///M3
386
Rep 1,123
Posts |
You would be surprised what the sales manager can do IF, and I mean IF, they so choose to do it...
They can honor the program of the month the car was ordered/credit app was run. Last edited by FLOSS M; 04-13-2022 at 03:23 AM.. |
04-12-2022, 12:17 PM | #5 |
Second Lieutenant
369
Rep 235
Posts |
It really seems to be at the dealer's discretion as I along with a few others on here pleaded multiple times to get our original financing rate but were told that it wasn't possible. I gave up and got financing from a local credit union at 1.75% for 60 months which I'll go with unless they have a sudden change of heart when I pick up my car later this month.
|
Appreciate
0
|
04-12-2022, 12:25 PM | #6 |
Major
1879
Rep 1,142
Posts
Drives: Z4 M40
Join Date: Dec 2021
Location: GA
iTrader: (0)
Garage List 2015 Yamaha FZ-09 [10.00]
2018 BMW S1000XR [9.83] 2018 BMW R1200RT [10.00] 2023 BMW X4 [7.88] 2022 BMW Z4 [9.78] |
My dealer is a total POS from a customer service perspective. They wouldn't walk across the street to piss on me if I were on fire....
There is no chance they would do this. That said, it's good info for people working with dealers who actually care about CS. I'm stuck with mine because they agreed to a solid and locked trade value for my current car 6 months ago with no mileage limits, etc.
__________________
2022 Z4 M40 Alpine White/Magma Red
2023 X4 30i MSport BSM/Cognac 2018 BMW S1000XR & BMW R1200RT 2015 Yamaha FZ-09 |
Appreciate
0
|
04-12-2022, 12:28 PM | #7 |
Private First Class
428
Rep 176
Posts |
Thanks for posting this. I am in a very similar position - got an approval for 0.9% financing in December. Made a big stink about getting the rate I was promised after the rate hikes and long build time. I've been assured by my CA that I will get the rate when I take delivery. Glad to know it worked out for someone else.
Can you tell us what dealership you used? They should get brownie points for doing the right thing by their customer. |
Appreciate
0
|
04-12-2022, 12:30 PM | #8 | |
Lieutenant Colonel
2463
Rep 1,738
Posts |
Quote:
BMW of Ridgefield. Bob Mahoney Is my CA and he's been a pleasure to work with. |
|
Appreciate
1
Seedster2279.00 |
04-12-2022, 06:45 PM | #10 |
Captain
1392
Rep 773
Posts |
This is great news. Thanks for sharing.
__________________
2023 G82 M4 Competition / Dravit Grey Ind. / Silverstone/Black Full Merino / Carbon Fiber trim / Bi-color 826M / Executive / M Carbon Ceramic Brakes / Icon Adaptive LED Headlights / M Shadowline Lights / M Carbon Exterior
|
Appreciate
0
|
04-15-2022, 11:53 AM | #11 |
Second Lieutenant
133
Rep 264
Posts |
Dealer is waiting to hear from BMWFS to confirm they can get me the 1.9% rate (it was 0.9% when I ordered, but they charge 1% above that).
Unfortunatley my BMW $1000 Drive Event Rebate expired the end of Feb. (and BMW won't extend that) and my Corporate sales rebate also expired in Jan. so it appears no discounts for me ;-( |
Appreciate
0
|
04-15-2022, 05:50 PM | #12 |
Second Lieutenant
369
Rep 235
Posts |
Thanks to razman 's inquiry with our dealer (we share the same CA) both of us were able to get our original financing rates of 0.9%
I had asked our CA previously on more than one occasion but he didn't think it could be done however having another customer corroborate what we read here on the forums seemed to do the trick. |
Appreciate
1
modat2462.50 |
04-15-2022, 09:35 PM | #13 |
Private First Class
422
Rep 186
Posts |
Good to hear this, since my 90 day lock is quickly running out. My relationship with the dealer has been really good so far, so hoping they do the same and work to get the exception.
|
Appreciate
0
|
04-16-2022, 02:39 AM | #14 | |
Second Lieutenant
377
Rep 234
Posts |
Quote:
|
|
Appreciate
0
|
04-16-2022, 05:36 AM | #15 | ||
Lieutenant Colonel
2463
Rep 1,738
Posts |
Quote:
Took delivery yesterday with the 0.9 |
||
Appreciate
1
canigetaxm377.00 |
04-16-2022, 07:19 PM | #16 |
Lieutenant
285
Rep 538
Posts
Drives: 2022 M3 Comp xDrive
Join Date: Jan 2007
Location: Cedar Park, TX
|
Took delivery today and the I asked about the rate lock of 0.9% I also had the $500 loyalty rebate and the $1000 BMW settlement voucher. The BMWFS would only give me 0.9% with the $500 and not with the additional $1000. In the end they gave me 1.9% for using both. Since I plan to pay off the car in the next 6 months its still favorable for me to take the 1.9% with the $1500 total off.
__________________
2022 Tanzanite Blue ///M3Cx ||| 2015 550i ||| 2011 328i sedan ||| 2009 Z4 ||| 2007 328i Coupe
|
Appreciate
0
|
04-17-2022, 03:55 PM | #17 |
Lieutenant Colonel
2202
Rep 1,580
Posts |
It’s true. Last February I ordered an M440, it didn’t arrive until October and BMW not only honored the original interest rate, but each and every discount they promised. I have no doubt they’ll do the same if/when my G83 shows up.
|
Appreciate
0
|
04-17-2022, 04:49 PM | #18 |
Second Lieutenant
133
Rep 264
Posts |
I know some incentives are year specific, so if ordered in Feb. and delivered in Oct. of the same year the incentives were likely still good.
|
Appreciate
0
|
04-17-2022, 09:37 PM | #19 |
New Member
11
Rep 25
Posts |
That's good to hear. I'm dealing with Bob at Ridgefield too. Me accepting the car if it ever gets here depending on getting the .9% or not.
__________________
Current: 22 X5
Incoming: M4 G82 Tanzanite Blue II/Black Extended. Order placed Oct 31, 2021. Current status 182. Build week 46. |
Appreciate
0
|
04-17-2022, 10:16 PM | #20 |
Major
428
Rep 1,108
Posts |
I suppose those of us who ordered our vehicles (at lower rates), but didn't have an allocation at the time are out of luck. I ordered my car on Oct 23rd, gave a $500 deposit, filled out options, etc, etc….but I was #5 on the waiting list and consequently didn't bother running the credit check at the time. I since ran the check and locked in 2.99% in March when I finally received my allocation.
Those of you who are having your original (lower) rates honored…..did you actually have your credit checked way back when you were on a waiting list and didn't even have an allocation yet? |
Appreciate
0
|
04-17-2022, 10:18 PM | #21 | |
First Lieutenant
334
Rep 354
Posts |
Quote:
|
|
Appreciate
0
|
04-17-2022, 10:21 PM | #22 | |
Captain
1392
Rep 773
Posts |
Quote:
__________________
2023 G82 M4 Competition / Dravit Grey Ind. / Silverstone/Black Full Merino / Carbon Fiber trim / Bi-color 826M / Executive / M Carbon Ceramic Brakes / Icon Adaptive LED Headlights / M Shadowline Lights / M Carbon Exterior
|
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|