[backslashv]

I am seeing 2.99% for 60 months for M3 finance. What happened to 0.9% or is that for lease only? The dealer is asking for 1% over BMW FS and no markup.

[evoi19]

The 0.9% ended at the end of 2021 unfortunately. It was 1.9% a month or two ago but I'm seeing 2.9% on bmw's FS site. I think the fed is raising rates soon that might be why.

Not sure what the lease rate is.

[MMM.PWR]

Dealers don't have to honor the BMW FS rate. That said, a lot of them do. I was able to lock 0.9 end of 2021 and picked up my car last week and my dealer honored the rate.

This and other factors such as MSRP, allocation wait list, etc should be considered when placing that order.

[backslashv]

Originally Posted by evoi19

The 0.9% ended at the end of 2021 unfortunately. It was 1.9% a month or two ago but I'm seeing 2.9% on bmw's FS site. I think the fed is raising rates soon that might be why.

Not sure what the lease rate is.

It was 0.9% for finance????damn!!!

[Grumpy514]

0.9% Ended Dec.31st.

Current is 2.49% for 60 months & 2.99% for 72 months

My dealer is also asking for 1% on top of the BMWFS rate. I financed through Penfed for 2.39% for 72 months....however they would only finance up to $96,125.... so with my build I'm going to be putting down roughly 13k (vehicle cost + taxes, tags, etc.)

This is the most expensive vehicle I have ever purchased and learned a lot about LTV % (Loan to Value) on vehicle loans. Penfed had the highest by far.

Basically they have an perceived value of the vehicle + a certain percentage & that final number is the max loan amount for the vehicle regardless of how many options you want.

Navy Fed was around $75,000
Bank of America was around $86-88,000
Penfed was $96,125



If you're a member of Navy Federal Credit Union they have a promotion for $1,500 off of the vehicle for being a member. You cannot finance or lease through BMW if using this offer, & you do not have to finance using Navy Fed either.


***EDIT

Looks like the APR went up for March, was 2.49% & now 2.99%.

[HorsePower]

Originally Posted by backslashv

I am seeing 2.99% for 60 months for M3 finance. What happened to 0.9% or is that for lease only? The dealer is asking for 1% over BMW FS and no markup.

If this is for a G8x that is physically at your dealer and ready for delivery to you, at msrp but with a +1% bump in bmwfs’ best rate, if it were me, I’d likely jump at that chance right now. Most likely, there are going to be extreme delays in production for at least a few months, if not longer. Together with likely increasing interest rates, and pricing generally.

[vj123]

Originally Posted by backslashv

What happened to 0.9% or is that for lease only? The dealer is asking for 1% over BMW FS and no markup.

These were the traditional financing rates in the recent past. Dec 0.9, Jan 1.9, Feb 2.49, Mar 2.99.

[Digitalfujjjrel]

Originally Posted by Grumpy514

0.9% Ended Dec.31st.

Current is 2.49% for 60 months & 2.99% for 72 months

My dealer is also asking for 1% on top of the BMWFS rate. I financed through Penfed for 2.39% for 72 months....however they would only finance up to $96,125.... so with my build I'm going to be putting down roughly 13k (vehicle cost + taxes, tags, etc.)

This is the most expensive vehicle I have ever purchased and learned a lot about LTV % (Loan to Value) on vehicle loans. Penfed had the highest by far.

Basically they have an perceived value of the vehicle + a certain percentage & that final number is the max loan amount for the vehicle regardless of how many options you want.

Navy Fed was around $75,000
Bank of America was around $86-88,000
Penfed was $96,125



If you're a member of Navy Federal Credit Union they have a promotion for $1,500 off of the vehicle for being a member. You cannot finance or lease through BMW if using this offer, & you do not have to finance using Navy Fed either.


***EDIT

Looks like the APR went up for March, was 2.49% & now 2.99%.

76k for navy credit? That's not even MSRP price.

[sleepy floyd]

My car is scheduled to be delivered to the dealer in the next 3 weeks. 1.99% with PenFed for 60 months.

[Grumpy514]

Originally Posted by Digitalfujjjrel

76k for navy credit? That's not even MSRP price.

Exactly what I said. In the end I will end up putting down around 10k give or take. Lighter on the payments so that's fine with me. Total build before tax, fees & discounts is around $99,000

[backslashv]

Thanks everyone for your inputs. Is it possible to lock in the rate and have them honor the lower rate in the unlikely event that the rates drop?

[Grumpy514]

Originally Posted by backslashv

Thanks everyone for your inputs. Is it possible to lock in the rate and have them honor the lower rate in the unlikely event that the rates drop?

Credit apps are usually good for 60-90 days. You can lock in your rate (they do a hard credit check) and they will honor it up to 60-90 days, if a lower rate comes up then you can choose to go with that....the likelihood of a rate going down I would say is slim to none right now. They should continue to raise or stay the same.

[vj123]

Originally Posted by backslashv

Thanks everyone for your inputs. Is it possible to lock in the rate and have them honor the lower rate in the unlikely event that the rates drop?

Yes thats possible. You can lock the current rates for 90 days if you're an East Coast and for 120 days if you're in West Coast.

['Cane]

Originally Posted by backslashv

Thanks everyone for your inputs. Is it possible to lock in the rate and have them honor the lower rate in the unlikely event that the rates drop?

Rates aren't going down, most likely will go up again, if anything. But if they do go down, you won't have to do anything (unless you've already taken delivery). As to the next point, if the dealer wants to mark up the rate, they're going to mark it up. You can try negotiating, but most of the dealers that are marking up rates, won't negotiate.

[backslashv]

The dealer is saying the BMW loyalty credit only applies if I go with BMW FS. Is this true? If not, can someone point me to some official text from BMW NA that says otherwise?

[vj123]

Originally Posted by backslashv

The dealer is saying the BMW loyalty credit only applies if I go with BMW FS. Is this true? If not, can someone point me to some official text from BMW NA that says otherwise?

$1000 - BMW Loyalty APR Credit: Current BMW owners may receive loyalty offer. Offer may require BMW Financial Services financing/lease. Trade-in not required. Cannot be combined with conquest offers and USAA incentives. Proof of BMW ownership required.

Source: https://www.bramanbmw.com/incentives/md36/

[backslashv]

Originally Posted by vj123

$1000 - BMW Loyalty APR Credit: Current BMW owners may receive loyalty offer. Offer may require BMW Financial Services financing/lease. Trade-in not required. Cannot be combined with conquest offers and USAA incentives. Proof of BMW ownership required.

Source: https://www.bramanbmw.com/incentives/md36/

Ok this one says "may" require financing with BMW FS. Also, did they increase it from $500 to $1000?

[weags12]

Don't do it if that's the case. I just got 1.49 at my local credit union

[edofloat]

Originally Posted by backslashv

Ok this one says "may" require financing with BMW FS. Also, did they increase it from $500 to $1000?

The amount depends on the vehicle purchased, still $500 on G8x until 3/31/22.

[pgk500]

Originally Posted by Grumpy514

0.9% Ended Dec.31st.

Current is 2.49% for 60 months & 2.99% for 72 months

My dealer is also asking for 1% on top of the BMWFS rate. I financed through Penfed for 2.39% for 72 months....however they would only finance up to $96,125.... so with my build I'm going to be putting down roughly 13k (vehicle cost + taxes, tags, etc.)

This is the most expensive vehicle I have ever purchased and learned a lot about LTV % (Loan to Value) on vehicle loans. Penfed had the highest by far.

Basically they have an perceived value of the vehicle + a certain percentage & that final number is the max loan amount for the vehicle regardless of how many options you want.

Navy Fed was around $75,000
Bank of America was around $86-88,000
Penfed was $96,125



If you're a member of Navy Federal Credit Union they have a promotion for $1,500 off of the vehicle for being a member. You cannot finance or lease through BMW if using this offer, & you do not have to finance using Navy Fed either.


***EDIT

Looks like the APR went up for March, was 2.49% & now 2.99%.

I am financing through BMW and my dealer still gave me the full navy federal credit for X7. Some dealers just give it to you!

[Multimodal]

Originally Posted by pgk500

I am financing through BMW and my dealer still gave me the full navy federal credit for X7. Some dealers just give it to you!

I read that in the Western US you can get the full Military incentive regardless of whether or not you finance with BMWFS.

[Camarejh]

Originally Posted by Digitalfujjjrel

76k for navy credit? That's not even MSRP price.

I just financed with navy federal and they gave me 88k and they beat bmwfs so the 76k is incorrect