Marked up Finance Rate?

Diesel power · 04-10-2024, 12:01 PM

All,
I'm excited to say that my car should be getting to the dealership in the next few days, and I'm getting ready to close things up on the pricing. What was your experience with the finance rates on these cars? I currently have a MSRP deal and am looking to keep things to the factory programs. Given the current rates things are expensive enough as it is. It seems like allocation waits are getting close to normal, and I know a friend who just paid the standard rate at my dealer so I don't think I'm being unreasonable. I'm looking to hear from everyone on their thoughts+experiences.

BIGW0RM · 04-10-2024, 12:04 PM

Goal is none of the above.

Seems to me that most dealers are still trying to get both. If you get a dealer to sell you one at MSRP, chances are they will try and pad the rate.

Diesel power · 04-10-2024, 12:07 PM

Quote:

Originally Posted by BIGW0RM

Goal is none of the above.

Seems to me that most dealers are still trying to get both. If you get a dealer to sell you one at MSRP, chances are they will try and pad the rate.

That's the goal for sure, and kind of what I'm expecting at least for the initial offer.

'Cane · 04-10-2024, 12:17 PM

Quote:

Originally Posted by Diesel power

That's the goal for sure, and kind of what I'm expecting at least for the initial offer.

Seems like you haven’t talked with your CA about, maybe you should.

snyder268 · 04-10-2024, 12:23 PM

Quote:

Originally Posted by Diesel power

All,
I'm excited to say that my car should be getting to the dealership in the next few days, and I'm getting ready to close things up on the pricing. What was your experience with the finance rates on these cars? I currently have a MSRP deal and am looking to keep things to the factory programs. Given the current rates things are expensive enough as it is. It seems like allocation waits are getting close to normal, and I know a friend who just paid the standard rate at my dealer so I don't think I'm being unreasonable. I'm looking to hear from everyone on their thoughts+experiences.

I ordered my car in July and picked it up on Halloween. I received 3% off MSRP and finance rate of 5.29% with BMW FS.

Diesel power · 04-10-2024, 12:43 PM

Quote:

Originally Posted by 'Cane

Seems like you haven’t talked with your CA about, maybe you should.

We had talked when I ordered the car but that was months ago, I know where they're starting out. I'm curious to see how things are going at the moment.

'Cane · 04-10-2024, 12:45 PM

Quote:

Originally Posted by Diesel power

We had talked when I ordered the car but that was months ago, I know where they're starting out. I'm curious to see how things are going at the moment.

If your car is close, you should reopen the conversation with them. I wouldn’t wait until you show up to pick up the car.

Diesel power · 04-10-2024, 01:00 PM

Quote:

Originally Posted by 'Cane

If your car is close, you should reopen the conversation with them. I wouldn’t wait until you show up to pick up the car.

100% I already have started, just trying to gauge everyone's experiences.

christianb5s4 · 04-10-2024, 01:11 PM

Want to provide feedback but wanted to see what the definition of marking up the rate is. For example, M cars usually have an extra 1% added to base rate automatically.

Diesel power · 04-10-2024, 01:13 PM

To my understanding, the factory rate on a M3 is 5.29. The dealers are allowed to add up to 1% to whatever the program is

christianb5s4 · 04-10-2024, 01:24 PM

Quote:

Originally Posted by Diesel power

To my understanding, the factory rate on a M3 is 5.29. The dealers are allowed to add up to 1% to whatever the program is

When I bought mine, it was 4.99% base plus 1% for M. Sounds like the rate is only slightly higher now. Just sharing as a data point.

utsteve98 · 04-10-2024, 02:31 PM

If you have the option I’d look at outside financing with a credit union. Lots of times they offer lower rates and there is no padded rates. Navy Federal has some of the best rates right now.

Diesel power · 04-10-2024, 02:35 PM

Yeah, I've done so, unfortunately I'm not eligible for Navy Credit. My current credit unions that I am a member of is much more expensive than even BMW.

'Cane · 04-10-2024, 02:44 PM

Quote:

Originally Posted by christianb5s4

Want to provide feedback but wanted to see what the definition of marking up the rate is. For example, M cars usually have an extra 1% added to base rate automatically.

No it’s not. The dealer is the one that marks up the rate, not based on being an M car.

50shadesofhockenheim · 04-10-2024, 02:45 PM

I paid MSRP in July 2022 and rate was marked up to 3.49% from 2.49%

nosbocaj · 04-10-2024, 02:50 PM

March 2023 purchase. MSRP + BMWFS (4.79+1.00=5.79%). Not the best, but they had an allocation right away and I got tired of waiting. Ended up paying it off within a few months with no penalty.

MaC-N54-E82 · 04-10-2024, 09:00 PM

January of 2023 I got BMW interest rate with no markup and a 3.5% discount my M4CX.

View Poll Results: What kind of a deal did you get?
ADM+ Marked up Interest Rates	0	0%
Sticker+ Marked up Interest Rates	5	21.74%
Sticker+ Standard Rates	14	60.87%
Discount + Marked up Interest Rates	4	17.39%
Voters: 23. You may not vote on this poll

04-10-2024, 12:01 PM	#1
Diesel power Second Lieutenant 150 Rep 257 Posts Drives: 24 Q8 E-Tron 24 M3 CX Join Date: Aug 2014 Location: LI, NY iTrader: (0)	Marked up Finance Rate? All, I'm excited to say that my car should be getting to the dealership in the next few days, and I'm getting ready to close things up on the pricing. What was your experience with the finance rates on these cars? I currently have a MSRP deal and am looking to keep things to the factory programs. Given the current rates things are expensive enough as it is. It seems like allocation waits are getting close to normal, and I know a friend who just paid the standard rate at my dealer so I don't think I'm being unreasonable. I'm looking to hear from everyone on their thoughts+experiences.
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04-10-2024, 12:04 PM	#2
BIGW0RM You got my money? 3165 Rep 4,651 Posts Drives: Ice Cream Truck Join Date: Jul 2011 Location: ///OC iTrader: (14) Garage List 2022 BMW M3 [9.50]	Goal is none of the above. Seems to me that most dealers are still trying to get both. If you get a dealer to sell you one at MSRP, chances are they will try and pad the rate. __________________ 2022 G80 M3 Competition X / 2020 Range Rover Sport P525 / 2023 Ford Raptor
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04-10-2024, 01:11 PM	#9
christianb5s4 Lieutenant 844 Rep 596 Posts Drives: Built 2001 Audi S4 Join Date: Jan 2019 Location: Newport Beach, CA iTrader: (0)	Want to provide feedback but wanted to see what the definition of marking up the rate is. For example, M cars usually have an extra 1% added to base rate automatically. __________________ 2024 M3 CompX Dravit Grey - MP HAS - Millway - MHC+ carbon - CS software - MAD single-mid - PPF 2019 G05 X5 x40i, built 2001 600whp B5 S4.
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04-10-2024, 01:13 PM	#10
Diesel power Second Lieutenant 150 Rep 257 Posts Drives: 24 Q8 E-Tron 24 M3 CX Join Date: Aug 2014 Location: LI, NY iTrader: (0)	To my understanding, the factory rate on a M3 is 5.29. The dealers are allowed to add up to 1% to whatever the program is
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04-10-2024, 02:31 PM	#12
utsteve98 Private First Class 129 Rep 190 Posts Drives: 2019 M5 Competition Join Date: Sep 2014 Location: DC iTrader: (0)	If you have the option I’d look at outside financing with a credit union. Lots of times they offer lower rates and there is no padded rates. Navy Federal has some of the best rates right now.
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04-10-2024, 02:35 PM	#13
Diesel power Second Lieutenant 150 Rep 257 Posts Drives: 24 Q8 E-Tron 24 M3 CX Join Date: Aug 2014 Location: LI, NY iTrader: (0)	Yeah, I've done so, unfortunately I'm not eligible for Navy Credit. My current credit unions that I am a member of is much more expensive than even BMW.
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04-10-2024, 02:45 PM	#15
50shadesofhockenheim Colonel 2161 Rep 2,319 Posts Drives: 2005 Toyota Prius Join Date: Dec 2009 Location: boca raton, fl iTrader: (6)	I paid MSRP in July 2022 and rate was marked up to 3.49% from 2.49%
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04-10-2024, 02:50 PM	#16
nosbocaj Lieutenant 695 Rep 459 Posts Drives: 2023 M3 Competition xDrive Join Date: Aug 2017 Location: East Coast iTrader: (0) Garage List 2023 BMW M3 Competi ... [0.00]	March 2023 purchase. MSRP + BMWFS (4.79+1.00=5.79%). Not the best, but they had an allocation right away and I got tired of waiting. Ended up paying it off within a few months with no penalty. __________________ Current: 2023 IOMG M3Cx Past: 2018 AW M2, 2010 AW M3 M2 LCI European Delivery
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04-10-2024, 09:00 PM	#17
MaC-N54-E82 S58 Love 469 Rep 424 Posts Drives: 2023 M4 Competition xDrive Join Date: Apr 2011 Location: OR iTrader: (0) Garage List 2023 BMW M4 Competi ... [10.00]	January of 2023 I got BMW interest rate with no markup and a 3.5% discount my M4CX. __________________ MAC Current: 2023 G82\|BG over BLK Prior: 2008 N54 E82\|AW over CR Also: FJ60, Volvo Recharge
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