01-04-2022, 10:55 AM | #23 | |
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01-04-2022, 10:56 AM | #24 | ||
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I'm hoping I can get out of the Baltimore vpc and delivered before my rate expires…. I've had a stop order since 11/29 and my rate lock ends 1/31/22 |
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01-04-2022, 11:07 AM | #25 |
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BMW should honor the 0.9% rate at least for people whos vehicles are already produced or scheduled for production.
On a bigger picture, BMW wouldnt care about these minute details. They might look into it if several people escalate the issue. |
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01-04-2022, 11:08 AM | #26 |
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My situation is annoying, but it isn't that bad. If you are in a situation where your car is in build/delivery purgatory and the dealership tries to stick you with a higher rate because of the delay, I would raise fucking hell. If the dealership claims the financing terms are out of their hands, you should show them the difference in interest payments over the life of the loan and demand a credit. Assuming you're financing ~85k over 60 months, one point on the loan is about $2,000.
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01-04-2022, 11:25 AM | #27 | |
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But if my car is at the port waiting for you to fix something you didn't finish at the factory or my car is being transported or even if it is at the factory waiting for a part let's be real. We were under the assumption the car would be here in under 90 days because bmw and all the dealers said so. Honestly what is 1 point going to do for them how much money do they stand to make on all of these orders vs how many customers are they going to upset. |
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01-04-2022, 02:45 PM | #28 | |
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01-04-2022, 04:23 PM | #29 |
BimmerPost Supporting Vendor
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Location: NY, NY, CT, PA, MD, VA, DE, MA, NH, VT, FL, GA, SC, NC, MS, TX, CA, WA, NV
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bmw penfed rebate has also been removed as of today
that sucks for all the purchasers
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01-04-2022, 05:37 PM | #30 |
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So I just got off the phone with me dealership since I am going to be affected by the rate change. They said not to worry, if the car was ordered when the old rate was avail, then they can submit a waiver and get me the 0.9%. He said not to worry..
My car hit production today, so we'll see if thats true in a few months when I take delivery. |
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01-04-2022, 05:40 PM | #31 |
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Question for you guys. I applied for financing in late dec and got approved and fully expect the .9% due to my credit. Got approved same day. But where the heck do I see the terms. I see nothing other than "approved". Is this something only my dealer would have ?
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01-04-2022, 06:16 PM | #32 |
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So, how does this work. Locked in 0.9 end of December and taking PCD. When do I actually do the financing since I won't be going to the dealership. I'm sure they wanna get paid before having the car shipped to SC versus Arizona if I didn't pay for it.
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01-04-2022, 06:25 PM | #33 | |
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01-04-2022, 06:52 PM | #34 |
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What's to stop the dealer from submitting the waiver and telling you there's nothing they can do and that it's 1.9%, and pocketing the difference? Especially those dealerships that were already playing fast and loose with the numbers and saying 1.9 was the best they could do back when rates actually were 0.9?
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01-04-2022, 07:01 PM | #35 | |
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01-05-2022, 05:50 PM | #37 |
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My CA told me I had to wait for my car be in hand to get my rate. After seeing this page I asked him about it, which he said he didn't have my credit app to run. He then recieved a screenshot of him confirming he had ran my credit in July and saying had to wait on car to know. Which he responded with needing talk to his manager..
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01-05-2022, 06:24 PM | #38 | |
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01-05-2022, 06:29 PM | #39 |
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Only a bitch if dont make it right after speaking with manager. Otherwise I was lied to in way that affects personal finance. Either it was a mistake or for reputation sake I can't see them being head strong but if so yall will hear lol.
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01-05-2022, 06:53 PM | #41 | |
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01-05-2022, 07:04 PM | #42 | |
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By virtue of applying directly with BMW FS online, you applied for and were approved for their base rate (e.g., 0.9% for cars, 1.9% for light trucks, for up to 60 months) -- and not for a rate the dealer chooses to mark up (up to 1.0% above the base rate). |
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01-05-2022, 08:34 PM | #43 | |
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01-06-2022, 04:59 AM | #44 |
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I was getting down to the wire myself several weeks ago. I was scheduled for PCD, and of course the car was held up for RAM stop sale at the Greer VPC. I had the dealer prep the sales paperwork a couple days before the rate lock was 'naturally' scheduled to expire (allegedly it could have been extended, but I didn't want to risk it). We executed the sale as I'd arranged, and delivery occurred ~10 days later.
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