[pruettfan]

Originally Posted by dcmac

Wow these are great rates... my credit score is excellent and my dealer is only offering 4.49%!! What gives?!

The dealers can mark up the APR to put more money in their pocket. I would push back and demand a lower APR or just finance through one of the many fantastic credit unions that offer great rates.

[pruettfan]

Originally Posted by ORIGIN M.

Penfed is awesome but I cannot join. My Credit Union is 2.99 for 60 and 3.25 for 72-84 months

I've got to have a serious talk with my dealer

What state are you in

Anyone can join Penfed, they have a back door you join the military family association for like 15 bucks and that makes you eligible. They have a link on their website. I have a buddy who did this a few months ago to get membership and finance his M2. I finance my M2 through them also, they are a great credit union.

This is the link to the National Military Foundation http://www.militaryfamily.org/get-involved/join/ You just join them and then use the member number to sign up with Penfed. They have a ton of other associations that make you eligible like the AMA etc so you might already have an association that qualifies you, its not limited to military or government employees only. Navy Federal on the other had is highly restrictive but similarly great to their members. I am fortunate enough to have both available, just cost me 4 years and a deployment to the Gulf War.

[SteveSpy]

So... SA called today, the car is offloading on 1/14 at Galveston port which means it'll be here in 10 days. He's telling me that finance rates are at 2.9 or 3.9 percent through BMW or 1.9 if we were to use a credit union. Nowhere near the 0.9 some lucky folks got. Needless to say I'm disappointed...

[dcmac]

Originally Posted by pruettfan

Anyone can join Penfed, they have a back door you join the military family association for like 15 bucks and that makes you eligible. They have a link on their website. I have a buddy who did this a few months ago to get membership and finance his M2. I finance my M2 through them also, they are a great credit union.

This is the link to the National Military Foundation http://www.militaryfamily.org/get-involved/join/ You just join them and then use the member number to sign up with Penfed. They have a ton of other associations that make you eligible like the AMA etc so you might already have an association that qualifies you, its not limited to military or government employees only. Navy Federal on the other had is highly restrictive but similarly great to their members. I am fortunate enough to have both available, just cost me 4 years and a deployment to the Gulf War.

Really appreciate this info - thank you!

[pruettfan]

Originally Posted by SteveSpy

So... SA called today, the car is offloading on 1/14 at Galveston port which means it'll be here in 10 days. He's telling me that finance rates are at 2.9 or 3.9 percent through BMW or 1.9 if we were to use a credit union. Nowhere near the 0.9 some lucky folks got. Needless to say I'm disappointed...

Don't let a 1% difference in interest rate change your experience, once you drive it off the lot you won't even think about it. I don't think there were many that were able to get 0.9 on their M2, I think I have heard of just a few who took delivery during a lucky period that BMW offered that incentive.

[SteveSpy]

Originally Posted by pruettfan

Don't let a 1% difference in interest rate change your experience, once you drive it off the lot you won't even think about it. I don't think there were many that were able to get 0.9 on their M2, I think I have heard of just a few who took delivery during a lucky period that BMW offered that incentive.

Yea well I may not even get the car at all so... it's all good!

[Bt12]

No one likes to feel like they’ve been taken advantage of... but when one ordered the car was the rate of 0.9%-1.9% part of the equation?

Additionally global rates are moving up this past week cause China said to the US I don’t want ur god damn treasuries. Dollar weakening as well. Your mortgage rates about to move too people.

Trump comes up with an infrastructure plan increases the deficit and u are guaranteed to pay more for your next car BMW or otherwise with higher rates...

[bobert]

Originally Posted by Bt12

Additionally global rates are moving up this past week cause China said to the US I don’t want ur god damn treasuries. Dollar weakening as well. Your mortgage rates about to move too people.

Not if it's fixed.

[Bt12]

Originally Posted by bobert

Not if it's fixed.

... u clearly need to borrow a hell of a lot more money. Lol

I’m just teasing. I have not been able to get a fixed rate for a long time, so I’m just jelly

[SteveSpy]

I know this. I'm refinancing my home right now and the rates are stupid. I locked in at 3.75% for 30 years in 2016 when I bought this home and already the refinancing rate is at 4.25%. In 2013 I locked in a 15 year mortgage at 2.625%, a rate almost never seen anywhere...

While it's true that rates are climbing globally, I don't believe this has yet caught up with automobile financing until now. In my estimation, under 3 is a good deal. I can still get under 2 with a credit union so that is likely where I will end up.