[TrevorM3]

Originally Posted by MavRick

$79,245 MSRP
+ State Taxes
- $500 Loyalty
- $500 Penfed
- $2000 Discount
- $1000 Deposit
= $920/mo for 60 months with a balloon of $29.3K

so lets say at month 50 you want to sell the car, you can do so w/o any restriction?

[MavRick]

Originally Posted by TrevorM3

so lets say at month 50 you want to sell the car, you can do so w/o any restriction?

or at month 20. or month 30. no restrictions. and there's no mileage restrictions, either. but...you have to understand that mileage is gonna have a negative effect on its value whenever you decide to get rid of it. just like you'd have to do in a 'regular' loan...

[Murse85]

Originally Posted by MavRick

$79,245 MSRP
+ State Taxes
- $500 Loyalty
- $500 Penfed
- $2000 Discount
- $1000 Deposit
= $920/mo for 60 months with a balloon of $29.3K

Did you down pay anything other than the deposit?

[MavRick]

Originally Posted by g80 Portimaoblue

Did you down pay anything other than the deposit?

nope. thats the only reason i'm putting ANY money down. now...lets just hope i GET the car before the quote expires/rates go up.

[Murse85]

Originally Posted by MavRick

nope. thats the only reason i'm putting ANY money down. now...lets just hope i GET the car before the quote expires/rates go up.

Dam thats probably the best deal Ive ever seen. I will be paying 10k more than you lol. Thats if my car is cleared from the bearing shell stop sale. Having second thoughts on my deal now. lol

[GMV Auto]

Originally Posted by MavRick

$79,245 MSRP
+ State Taxes
- $500 Loyalty
- $500 Penfed
- $2000 Discount
- $1000 Deposit
= $920/mo for 60 months with a balloon of $29.3K

Congrats! This is indeed a good deal.

That $2000 discount, is that a dealer discount?

[MavRick]

Originally Posted by barad55

Congrats! This is indeed a good deal.

That $2000 discount, is that a dealer discount?

Yup yup. I definitely got lucky. Not quite the 8% discount I agreed to for the '21 we spec'd in April but...in THESE times...its pretty noteworthy. And I was likely the last customer my CA was allowed to do that with...

[Hephaestus]

Originally Posted by 'Cane

I was told it would be this week.

Until December. Trying to get M4 manual.

[MKParris]

Originally Posted by MavRick

or at month 20. or month 30. no restrictions. and there's no mileage restrictions, either. but...you have to understand that mileage is gonna have a negative effect on its value whenever you decide to get rid of it. just like you'd have to do in a 'regular' loan...

I have been meaning to write about this for a while. I did a calc and my car would come out to $1,372/mo with a fully amortizing loan and $886 with BMW select.

If one were to take the cash flow savings that would have been otherwise tied up in the car and invest them making 1.5% you would be better off than the self amortizing loan (total interest on the monthly cash savings > additional interest on the loan and balloon).

The problem I see in the financial world is that people use select when they otherwise couldnt afford the self amortizing loan and then there are no cash flow savings for them to earn interest on.

I have done select for 3/4 of my BMWs and the above has worked nicely. I will always take liquidity of select over more equity in my car, because as they say: "you can't eat your car."

[Grumpy514]

Was the 0.9% Balloon a one time thing? Looking to finally pull the trigger on a build, highly doubt the 0.9% will be back again when my order is finally ready. Looks to be 3.9% now.

[MavRick]

Originally Posted by Grumpy514

Was the 0.9% Balloon a one time thing? Looking to finally pull the trigger on a build, highly doubt the 0.9% will be back again when my order is finally ready. Looks to be 3.9% now.

unless it changed, today, the .9% was for 60 months...

[vj123]

Originally Posted by Grumpy514

Was the 0.9% Balloon a one time thing? Looking to finally pull the trigger on a build, highly doubt the 0.9% will be back again when my order is finally ready. Looks to be 3.9% now.

I believe BMW select APR can vary by state / location unlike traditional financing.

For my location, BMW select APR is 3.9 whereas traditional loan APR is 0.9.

[Vervish]

I am looking to purchase a 2022 M3 Comp in NJ. Aside from the several month wait times, all the local dealers I have talked to are looking for a + $5-15K market adjustment depending on build. Others have not responded at all to my online inquiries on getting a price on my build.

Has anyone had any recent experience getting the markup waived? I am fine paying MSRP and typical dealer fees - but no way I agree to extra markups. I might have to wait a year or 2...

[KnightedBMW]

Originally Posted by Vervish

I am looking to purchase a 2022 M3 Comp in NJ. Aside from the several month wait times, all the local dealers I have talked to are looking for a + $5-15K market adjustment depending on build. Others have not responded at all to my online inquiries on getting a price on my build.

Has anyone had any recent experience getting the markup waived? I am fine paying MSRP and typical dealer fees - but no way I agree to extra markups. I might have to wait a year or 2...

Unless you're in a smaller market, use a broker, or have a nice relationship with your dealer, I don't know that you're getting a markup waived.

Some members have dealers that don't charge markups, so maybe they can chime in here.

Things are rough right now (obviously), which is why there's tons of dealers charging over MSRP.

GL.

[tooshay]

Originally Posted by KnightedBMW

Unless you're in a smaller market, use a broker, or have a nice relationship with your dealer, I don't know that you're getting a markup waived.

Some members have dealers that don't charge markups, so maybe they can chime in here.

Things are rough right now (obviously), which is why there's tons of dealers charging over MSRP.

GL.

I talked to 2 brokers in SoCal and they can’t find any allocation. It’s like trying to win the lotto right now. Lol

[Grumpy514]

Originally Posted by vj123

I believe BMW select APR can vary by state / location unlike traditional financing.

For my location, BMW select APR is 3.9 whereas traditional loan APR is 0.9.

Same here. 0.9 for trinational & currently 3.9 for the BMW Select. I wonder if it will change in the upcoming months. It seems if I put some cash down this week or next I will be waiting 6+ months for delivery.

[FLOSS M]

November program …. MF increased?

[sashah60]

Originally Posted by FLOSS M

November program …. MF increased?

Originally Posted by FLOSS M

November program …. MF increased?

Yes slightly.
MF = 0.00111
Loyalty = $1000
Residuals = unchanged

[FLOSS M]

Originally Posted by sashah60

Yes slightly.
MF = 0.00111
Loyalty = $1000
Residuals = unchanged

Up from $500 ?

['Cane]

Originally Posted by FLOSS M

Up from $500 ?

Yeah, did that increase to $1000?

[sashah60]

Originally Posted by 'Cane

Yeah, did that increase to $1000?

Yes, loyalty is $1000 for November.

[tmilnthorp]

Does anyone know if the “ultimate road home sales event” can apply to the M3?

Offer available to qualified customers with excellent credit history who finance through BMW Financial Services NA, LLC. Offer limited to customers who have owned a BMW model in the last 12 months. In order to qualify for a BMW Loyalty Credit, loyal current or former BMW owners or lessees must show proof of ownership or BMW Financial Services NA, LLC account number and qualify for credit approval. Available credits: up to $1,750 off a new 2022 BMW X3, up to $2,500 off a new 2022 BMW 3 Series Sedan, up to $2,500 off a new 2022 BMW 5 Series. Must take delivery by November 30, 2021. Availability of finance and loyalty credits are subject to dealer participation. Visit your authorized BMW Center for important details.