Auto Loan Rates. Post your Rate!

JDUNITNOW · 06-07-2022, 11:56 AM

I have a couple of friends that work in the industry and they both said they have made more money than ever in the business. The consumer is being gouged by the industry.

NightWriter · 06-07-2022, 11:58 AM

Quote:

Originally Posted by jrm25tt

Who has the 1.99%? I live in Maryland, Montgomery county.

I'm in Howard, but maybe there's a similar CU in MoCo...

https://www.aplfcu.org/

Froz3n_M · 06-07-2022, 12:30 PM

This is a crazy good rate. I went with BMW Financial, but I am looking to make a switch as I got into the 4's right now with %. Going down to 1.99 would save me over $100 monthly, which is worth it.

I am in FL, I don't think I would have issues applying to that bank and paying online I suppose.

Froz3n_M · 06-07-2022, 12:46 PM

Quote:

Originally Posted by Pilla

Rates are generally dependent on term length right? 1.99 comes w/ 36/48 month terms... good luck getting 1.99 on 72 months for example. Unless I'm wrong.

Banks says no matter the loan term, up to 7 years, 1.99%

Dont know the validity though.

gs1403 · 06-07-2022, 12:59 PM

For those of you who locked in with BMWFS at lower MY'22 rates being pushed out to MY'23 - what have you heard from your dealerships/CAs?

I've been told it will be possible to get BMWFS will honor the original rate lock and terms by requesting an exception/extension regardless of MY.

I have also been told that a MY'22 lock exception/extension will no longer hold for a MY'23 and therefore will require a new lock with MY'23 programs. Thoughts?

jrm25tt · 06-07-2022, 01:38 PM

Quote:

Originally Posted by NightWriter

Quote:

Originally Posted by jrm25tt

Who has the 1.99%? I live in Maryland, Montgomery county.

I'm in Howard, but maybe there's a similar CU in MoCo...

https://www.aplfcu.org/

Got it, I checked the website and looks like it's only open to Howard county residents 🤦🏻

Froz3n_M · 06-07-2022, 02:01 PM

Quote:

Originally Posted by jrm25tt

Got it, I checked the website and looks like it's only open to Howard county residents 🤦🏻

Too good to be true for non Howard country residents. I guess Ill continue to pay the FL "tax"

gs1403 · 06-07-2022, 02:12 PM

Long Islanders - try Jovia. You must live or work in Nassau or Suffolk County or be sponsored by somebody who does. I have a car financed with them, they have been good.

https://www.jovia.org/personal-banki...row/auto-loans

Up to 60 @ 2.49%
72 @ 2.59%
84 @ 3.00%

Froz3n_M · 06-07-2022, 02:33 PM

Anything for Broward County?

NightWriter · 06-07-2022, 02:41 PM

Quote:

Originally Posted by Froz3n_M

Anything for Broward County?

LMGTFY...

https://www.bscu.org/pdf/MemberRates.pdf

Froz3n_M · 06-07-2022, 02:44 PM

Quote:

Originally Posted by NightWriter

LMGTFY...

https://www.bscu.org/pdf/MemberRates.pdf

Thanks, my delegation worked. Last time I got caught with that was about a decade ago

G80DGM3CX · 07-29-2022, 06:07 PM

digging up this one, anybody from Massachusetts have any good recommendations for current rates?

MaximusBey · 07-29-2022, 11:35 PM

I had locked .9% last November, just picked up the car last week. They didn't honor the .9

but gave me 1.99% instead of the current bmwfs rate of 3.9%

chujk1985 · 08-01-2022, 12:52 PM

Are you guys foregoing the $500 bmw loyalty credit when financing through a 3rd party? MY CA said you only get the loyalty credit if you finance via BMW.

figuec56 · 08-01-2022, 05:05 PM

Quote:

Originally Posted by chujk1985

Are you guys foregoing the $500 bmw loyalty credit when financing through a 3rd party? MY CA said you only get the loyalty credit if you finance via BMW.

Yep. But bmw military program required non bmw financing and gave $2000 off. Ended up with USAA at 4.24% for 84mo

chujk1985 · 08-01-2022, 05:22 PM

Quote:

Originally Posted by figuec56

Quote:

Originally Posted by chujk1985

Are you guys foregoing the $500 bmw loyalty credit when financing through a 3rd party? MY CA said you only get the loyalty credit if you finance via BMW.

Yep. But bmw military program required non bmw financing and gave $2000 off. Ended up with USAA at 4.24% for 84mo

I plan on using the military discount as well, but have never heard it required non-bmw financing

vj123 · 08-08-2022, 01:12 PM

BMW is no longer posting finance rates in their webpage. Not sure if they dont want customers to know the base rate.

chujk1985 · 08-08-2022, 03:56 PM

Quote:

Originally Posted by vj123

BMW is no longer posting finance rates in their webpage. Not sure if they dont want customers to know the base rate.

I saw that - thought it was weird.

SpeedyATL · 08-15-2022, 07:48 AM

Quote:

Originally Posted by chujk1985

Are you guys foregoing the $500 bmw loyalty credit when financing through a 3rd party? MY CA said you only get the loyalty credit if you finance via BMW.

No, just refi after taking delivery and originally financing with BMWFS. A little bit of a hassle, but for $500, why not....

Georgia's Own CU just locked 2.51% for 60 mon. No requirements to join the CU except to have a bank account with at least $5 in it. They also hold what's left of my mortgage at nearly the same rate.

wtwo3 · 08-15-2022, 09:15 AM

I'll most likely finance with BMWFS and then refinance with a local credit union at some point.

robopp · 08-15-2022, 07:53 PM

Quote:

Originally Posted by JDUNITNOW

I have a couple of friends that work in the industry and they both said they have made more money than ever in the business. The consumer is being gouged by the industry.

Loans on a depreciating asset is almost never a good idea. Consumers are over extending themselves allowing these opportunities.

JDUNITNOW · 08-15-2022, 10:12 PM

Quote:

Originally Posted by robopp

Loans on a depreciating asset is almost never a good idea. Consumers are over extending themselves allowing these opportunities.

So it's ok to take advantage of a person?

06-07-2022, 11:56 AM	#67
JDUNITNOW Colonel 3533 Rep 2,373 Posts Drives: BMW 335I, 750li, X5 G80 Join Date: Sep 2019 Location: Glen Allen, Virginia iTrader: (0)	I have a couple of friends that work in the industry and they both said they have made more money than ever in the business. The consumer is being gouged by the industry. __________________ Formerly Wyndi335I 2009 BMW 750li sold 14 BMW X5 04 BMW X5 11 BMW 335i convertible (sold, sellers market
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06-07-2022, 12:30 PM	#69
Froz3n_M Lieutenant 400 Rep 501 Posts Drives: 2022 M3 Comp xDrive Join Date: Sep 2021 Location: South, FL iTrader: (0)	This is a crazy good rate. I went with BMW Financial, but I am looking to make a switch as I got into the 4's right now with %. Going down to 1.99 would save me over $100 monthly, which is worth it. I am in FL, I don't think I would have issues applying to that bank and paying online I suppose.
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06-07-2022, 12:59 PM	#71
gs1403 Captain 1392 Rep 773 Posts Drives: 2020 F82 6MT Join Date: May 2019 Location: NY iTrader: (0)	For those of you who locked in with BMWFS at lower MY'22 rates being pushed out to MY'23 - what have you heard from your dealerships/CAs? I've been told it will be possible to get BMWFS will honor the original rate lock and terms by requesting an exception/extension regardless of MY. I have also been told that a MY'22 lock exception/extension will no longer hold for a MY'23 and therefore will require a new lock with MY'23 programs. Thoughts? __________________ 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
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06-07-2022, 02:12 PM	#74
gs1403 Captain 1392 Rep 773 Posts Drives: 2020 F82 6MT Join Date: May 2019 Location: NY iTrader: (0)	Long Islanders - try Jovia. You must live or work in Nassau or Suffolk County or be sponsored by somebody who does. I have a car financed with them, they have been good. https://www.jovia.org/personal-banki...row/auto-loans Up to 60 @ 2.49% 72 @ 2.59% 84 @ 3.00% __________________ 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
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06-07-2022, 02:33 PM	#75
Froz3n_M Lieutenant 400 Rep 501 Posts Drives: 2022 M3 Comp xDrive Join Date: Sep 2021 Location: South, FL iTrader: (0)	Anything for Broward County?
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07-29-2022, 06:07 PM	#78
G80DGM3CX Enlisted Member 59 Rep 47 Posts Drives: Porsche 911 GT3 Join Date: Dec 2021 Location: Massachusetts iTrader: (0)	digging up this one, anybody from Massachusetts have any good recommendations for current rates? __________________ 2023 Dravit Gray M3Comp X drive (Allocation Received) 2016 991 GT3
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07-29-2022, 11:35 PM	#79
MaximusBey Private 63 Rep 65 Posts Drives: 2022 M3CX (on order) Join Date: Jan 2022 Location: Bay Area, California iTrader: (0)	I had locked .9% last November, just picked up the car last week. They didn't honor the .9 but gave me 1.99% instead of the current bmwfs rate of 3.9%
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08-01-2022, 12:52 PM	#80
chujk1985 Major 543 Rep 1,029 Posts Drives: 2023 G80 M3 X Comp Join Date: Oct 2018 Location: St. Louis iTrader: (1)	Are you guys foregoing the $500 bmw loyalty credit when financing through a 3rd party? MY CA said you only get the loyalty credit if you finance via BMW.
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08-08-2022, 01:12 PM	#83
vj123 Brigadier General 3790 Rep 3,625 Posts Drives: 2022 M3c - sold Join Date: Mar 2015 Location: The Detroit iTrader: (0)	BMW is no longer posting finance rates in their webpage. Not sure if they dont want customers to know the base rate.
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08-15-2022, 09:15 AM	#86
wtwo3 Major General 17971 Rep 5,484 Posts Drives: 23 X7 40i; 23 M3; 24 cooper s Join Date: Aug 2019 Location: IL iTrader: (0) Garage List 2024 Mini Cooper S ... [10.00] 2023 BMW M3 [9.40] 2023 BMW X7 40i [9.75]	I'll most likely finance with BMWFS and then refinance with a local credit union at some point. __________________ 2023 BMW X7 xDrive40i 2023 BMW M3 6MT 2024 Mini Cooper S Convertible '20 BMW m340i... '20 BMW X5 40i... '16 Infiniti Q50 RS 400... '10 Lexus RX 350... '08 Lexus IS 350... '00 Nissan Maxima... '93 Nissan Maxima
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