[Boostin335]

Hello,

I am interested in doing BMWFS Balloon Payment 3.99% over 60 months for my G82.

My CA says I can fill out the app now. My question is, can I wait till end of the month? Or can their rates change at anytime?

I know if I lock , I can always swap to a better program in January if one becomes avail, I am just curious if the Dec rates or programs can change at all before January's start.

My car should be here 2nd week of Jan or about.


Thanks!

[robopp]

Programs and rates are released/changed on the first of the month so December’s programs and rates are good all month.

[DocWeatherington]

Originally Posted by Boostin335

Hello,

I am interested in doing BMWFS Balloon Payment 3.99% over 60 months for my G82.

My CA says I can fill out the app now. My question is, can I wait till end of the month? Or can their rates change at anytime?

I know if I lock , I can always swap to a better program in January if one becomes avail, I am just curious if the Dec rates or programs can change at all before January's start.


Thanks!

As above poster said rates dont change within months and are locked at the period of loan application for up to 120 days depending on west or east with possible rate lock waiver.

[retroviol3t]

I haven't had this happen before but the rate dropped since I did a rate lock and I get the car in about 11 days. I assume the dealer will honor the rate dropping but I don't know for sure.

[Boostin335]

Originally Posted by froz3n.m

I haven't had this happen before but the rate dropped since I did a rate lock and I get the car in about 11 days. I assume the dealer will honor the rate dropping but I don't know for sure.

How did you know the rate dropped?

So rates can drop within the month, but not increase - or did you have Nov rates (bc they were hire than Dec). If you locked, you can get Dec rates. I know for a fact.

[vmalho2]

Originally Posted by froz3n.m

I haven't had this happen before but the rate dropped since I did a rate lock and I get the car in about 11 days. I assume the dealer will honor the rate dropping but I don't know for sure.

Might have to start the Finance Application process over again, so maybe another credit check, but might be worth it depending on how low the rate is. I am hearing BMWFS is at 3.99% now.

[TheBatM2]

Yes, the new rate is 3.99 for 60 months

[Tony_M3]

Originally Posted by TheBatM2

Yes, the new rate is 3.99 for 60 months

Is this for a balloon payment loan or for just a standard loan? 3.99 seems very low for a standard loan directly from BMWFS based off of what others have been posting.

[TheBatM2]

Originally Posted by Tony_M3

Is this for a balloon payment loan or for just a standard loan? 3.99 seems very low for a standard loan directly from BMWFS based off of what others have been posting.

For a standard loan from BMWFS

[Boostin335]

Originally Posted by TheBatM2

For a standard loan from BMWFS

It's also 3.99 at 60 months for balloon option as well.

[retroviol3t]

Originally Posted by vmalho2

Might have to start the Finance Application process over again, so maybe another credit check, but might be worth it depending on how low the rate is. I am hearing BMWFS is at 3.99% now.

My credit score has actually gone up by nearly 50 points since clearing some credit card debt among other things. Wouldn't be a bad thing probably.

[Dice13]

Originally Posted by vmalho2

Might have to start the Finance Application process over again, so maybe another credit check, but might be worth it depending on how low the rate is. I am hearing BMWFS is at 3.99% now.

That’s if dealer doesn’t add to it. They can add up to 1 % be sure to ask. Some dealers put the whole 1 percent.