How did you pay for your G80/G82?

moriluvatar · 10-31-2024, 09:17 AM

Just curious to know how many of use cash, vs. financing with BFS, vs. credit union, vs. second mortgage, vs. sell one of the kids (OK maybe not the last one), but you get the idea. Not trying to be scientific about it. I didn’t see a poll specific to this question through search, but if anyone has a link I’m glad to take it. Thanks much.

Mori

DailyG80 · 10-31-2024, 10:00 AM

Quote:

Originally Posted by moriluvatar

Just curious to know how many of use cash, vs. financing with BFS, vs. credit union, vs. second mortgage, vs. sell one of the kids (OK maybe not the last one), but you get the idea. Not trying to be scientific about it. I didn’t see a poll specific to this question through search, but if anyone has a link I’m glad to take it. Thanks much.

Mori

Credit Union for my current '23 G80; and with rates as they are; it's looking like Credit Union again for this one.

dasting · 10-31-2024, 10:15 AM

I'll be financing about 50% of it, probably through BMW. Their rate is basically the same as my bank.

Macabuca · 10-31-2024, 10:39 AM

Credit Union - 1.99% for 36mo, financed total purchase price cause it’s at 2%! Saving a bundle on interest!

ash_schwin · 10-31-2024, 11:43 AM

These cars are luxury toys so my philosophy is to pay cash.

HomieTheClown · 10-31-2024, 11:56 AM

Quote:

Originally Posted by ash_schwin

These cars are luxury toys so my philosophy is to pay cash.

I wish we all had that luxury!

M4 for H · 10-31-2024, 12:13 PM

I’m with the above, always has been cash for toys for me.

dasting · 10-31-2024, 05:50 PM

This one will be my daily driver/kid hauler. I paid cash for my “toy” - the track car BRZ.

godunovs65 · 11-02-2024, 12:52 PM

Quote:

Originally Posted by Macabuca

Credit Union - 1.99% for 36mo, financed total purchase price cause it’s at 2%! Saving a bundle on interest!

Which credit union is this?

godunovs65 · 11-02-2024, 12:56 PM

Quote:

Originally Posted by moriluvatar

Just curious to know how many of use cash, vs. financing with BFS, vs. credit union, vs. second mortgage, vs. sell one of the kids (OK maybe not the last one), but you get the idea. Not trying to be scientific about it. I didn’t see a poll specific to this question through search, but if anyone has a link I’m glad to take it. Thanks much.

Mori

Still waiting for an M3. It will be 100% credit union financed including the extended warranty. GAP insurance is a must. Cash goes into 3+% dividend or growth stocks. No toy cars. One, all-purpose car.

boogata · 11-02-2024, 01:32 PM

Financed ~1/3 through credit union (60mo @ 4.49%).

Habber · 11-02-2024, 01:38 PM

Canada rates are terrible so cash for me.

champagnepak1 · 11-02-2024, 02:35 PM

Financing. A lot of more productive things I can do with the cash while paying the car off.

Macabuca · 11-02-2024, 03:25 PM

Quote:

Originally Posted by godunovs65

Which credit union is this?

Polish Slavic Credit Union. October was Polish Heritage Month with special offers. I’m a new member, don’t know if they repeat offers throughout the year. However, super great to work with. They are head and shoulders above big banks.

Vmaxx · 11-02-2024, 06:05 PM

Quote:

Originally Posted by Macabuca

Polish Slavic Credit Union. October was Polish Heritage Month with special offers. I’m a new member, don’t know if they repeat offers throughout the year. However, super great to work with. They are head and shoulders above big banks.

Seems like most would not qualify.

Macabuca · 11-02-2024, 06:12 PM

Quote:

Originally Posted by Vmaxx

Seems like most would not qualify.

As long as you spend $10/yr to support their cultural partners, you will be member of the union. I’m also really, really good looking, so that helped.

m4bimmer7 · 11-02-2024, 06:27 PM

Monopoly money

godunovs65 · 11-05-2024, 08:41 AM

Quote:

Originally Posted by Macabuca

Polish Slavic Credit Union. October was Polish Heritage Month with special offers. I’m a new member, don’t know if they repeat offers throughout the year. However, super great to work with. They are head and shoulders above big banks.

Wow. I didn't even know it existed. Out of curiosity, what was the rate and term?

Macabuca · 11-05-2024, 08:43 AM

Quote:

Originally Posted by godunovs65

Wow. I didn't even know it existed. Out of curiosity, what was the rate and term?

New cars: 1.99% / 36mo. Used cars: 2.99% / 36mo.

godunovs65 · 11-07-2024, 11:19 AM

Quote:

Originally Posted by Macabuca

New cars: 1.99% / 36mo. Used cars: 2.99% / 36mo.

Sounds unreal!

Xeoh85 · 11-07-2024, 09:55 PM

2025 X7 M60i, and 2025 M4 CS, both cash. 🤘😎🤘

macdaddy_o · 11-08-2024, 12:58 AM

Depends. In 2021, they had a 0.9% financing, so I did a down payment and the financed the rest. That rate is basically free money.

At today's rates of 6+.... I wouldn't finance more than 10-20k, if any. Too high for my taste. I'd rather wait an extra year to have enough cash, and park in cds while I wait, than pay a rate like that on a car

10-31-2024, 09:17 AM	#1
moriluvatar First Lieutenant 737 Rep 352 Posts Drives: bimmer! Join Date: Jun 2024 Location: Seattle WA iTrader: (0)	How did you pay for your G80/G82? Just curious to know how many of use cash, vs. financing with BFS, vs. credit union, vs. second mortgage, vs. sell one of the kids (OK maybe not the last one), but you get the idea. Not trying to be scientific about it. I didn’t see a poll specific to this question through search, but if anyone has a link I’m glad to take it. Thanks much. Mori
	Appreciate 1 HomieTheClown180.50 Tweet Quote

10-31-2024, 10:15 AM	#3
dasting Private First Class 250 Rep 176 Posts Drives: 2025 M3 6MT, BRZ Join Date: Jul 2024 Location: NJ iTrader: (0)	I'll be financing about 50% of it, probably through BMW. Their rate is basically the same as my bank.
	Appreciate 2 moriluvatar736.50 EMMM79.50 Quote

10-31-2024, 10:39 AM	#4
Macabuca Private First Class 368 Rep 461 Posts Drives: 25 M3, 24 iX 50 Join Date: Apr 2019 Location: NJ iTrader: (0)	Credit Union - 1.99% for 36mo, financed total purchase price cause it’s at 2%! Saving a bundle on interest!
	Appreciate 1 moriluvatar736.50 Quote

10-31-2024, 11:43 AM	#5
ash_schwin Second Lieutenant 1066 Rep 277 Posts Drives: G80 M3, 4Runner, Accord Join Date: Aug 2011 Location: Irvine, CA iTrader: (0) Garage List 2023 BMW M3 [7.83]	These cars are luxury toys so my philosophy is to pay cash.
	Appreciate 11 gohawks23476.50 M4 for H132.00 Indytaper46.50 moriluvatar736.50 MaC-N54-E82604.50 Bimmer_Pilot307.00 g80dude9.00 T0RM3NT4645.50 TomzBmw426.00 Bupkus215.50 jimbethesda1986.50 Quote

10-31-2024, 12:13 PM	#7
M4 for H Registered 132 Rep 99 Posts Drives: '25 G82 (soon!!) Join Date: Apr 2020 Location: Washington iTrader: (0)	I’m with the above, always has been cash for toys for me. Last edited by M4 for H; 10-31-2024 at 12:14 PM..
	Appreciate 4 Indytaper46.50 moriluvatar736.50 ash_schwin1065.50 jimbethesda1986.50 Quote

10-31-2024, 05:50 PM	#8
dasting Private First Class 250 Rep 176 Posts Drives: 2025 M3 6MT, BRZ Join Date: Jul 2024 Location: NJ iTrader: (0)	This one will be my daily driver/kid hauler. I paid cash for my “toy” - the track car BRZ.
	Appreciate 1 moriluvatar736.50 Quote

11-02-2024, 01:32 PM	#11
boogata Registered 101 Rep 27 Posts Drives: M3 Join Date: Oct 2024 Location: MD iTrader: (0)	Financed ~1/3 through credit union (60mo @ 4.49%).
	Appreciate 0 Quote

11-02-2024, 01:38 PM	#12
Habber Colonel 3743 Rep 2,091 Posts Drives: BMW M3 2024 Brooklyn Grey SOLD Join Date: Sep 2016 Location: Canada iTrader: (1) Garage List [9.87]	Canada rates are terrible so cash for me. Last edited by Habber; 11-02-2024 at 01:38 PM..
	Appreciate 0 Quote

11-02-2024, 02:35 PM	#13
champagnepak1 Lieutenant 654 Rep 465 Posts Drives: 2025 G80 M3 Join Date: Aug 2024 Location: Northern Virginia iTrader: (0)	Financing. A lot of more productive things I can do with the cash while paying the car off.
	Appreciate 1 godunovs65363.50 Quote

11-02-2024, 06:27 PM	#17
m4bimmer7 g80soon 141 Rep 110 Posts Drives: BMW Join Date: Mar 2024 Location: so cal iTrader: (0)	Monopoly money
	Appreciate 0 Quote

11-07-2024, 09:55 PM	#21
Xeoh85 New Member 3 Rep 8 Posts Drives: 2025 M4 CS; 2025 X7 M60i Join Date: Sep 2024 Location: California iTrader: (0)	2025 X7 M60i, and 2025 M4 CS, both cash. 🤘😎🤘
	Appreciate 1 ScottyRyan20191878.00 Quote

11-08-2024, 12:58 AM	#22
macdaddy_o Private 50 Rep 102 Posts Drives: 2023 M5 Competition Join Date: Oct 2021 Location: Boston iTrader: (0)	Depends. In 2021, they had a 0.9% financing, so I did a down payment and the financed the rest. That rate is basically free money. At today's rates of 6+.... I wouldn't finance more than 10-20k, if any. Too high for my taste. I'd rather wait an extra year to have enough cash, and park in cds while I wait, than pay a rate like that on a car
	Appreciate 1 jimbethesda1986.50 Quote