[bobert]

Originally Posted by AGM2

Paid MSRP. Car is not an investment..I was going to paid cash ..
72 mos. @ 1.9% = $452/mo. ( credit union )

You must've had a nice down payment to get that figure.

[Blurbo311]

Originally Posted by AGM2

Paid MSRP. Car is not an investment..I was going to paid cash ..
72 mos. @ 1.9% = $452/mo. ( credit union )

So you financed $30,735?

[AGM2]

Originally Posted by Blurbo311

So you financed $30,735?

[patbrass]

Originally Posted by AGM2

At 1.9% for 6 years, I would have kept my down payment and financed the whole amount. Even CDs pay more than that (5 year CD from Ally Bank pays 2.25%)

[rouxeny]

Originally Posted by patbrass

At 1.9% for 6 years, I would have kept my down payment and financed the whole amount. Even CDs pay more than that (5 year CD from Ally Bank pays 2.25%)

Agree. 1.9 is essentially free money.

[F87_LCI]

Originally Posted by Aronis

Car is not an investment. Neither is a house...

Agree with you on the car 100%, but the house? Maybe not where you live.
My house has appreciated almost 70% in less than two years.

[blackholescion]

Originally Posted by LagunaSecaBlue

Agree with you on the car 100%, but the house? Maybe not where you live.
My house has appreciated almost 70% in less than two years.

This is anecdotal. The only time this holds true is if you live in a place where there's a severe shortage. Oakland, CA for all the San Francisco people because SF has ran out of (affordable) homes, NYC (Manhattan) about 15-20 years ago, Toronto. Population booms. For the rest of the country/world, housing doesn't even keep pace with inflation. It returns 1% or less a year.

[ObsidianX]

I paid MSRP minus $2000 for the USAA/BMW rebate. USAA gave me a loan for $46K and some change for 1.99% APR for 60 months. This way my monthly payment is exactly $800. I paid cash for the difference.

[pruettfan]

Originally Posted by zenmaster

Why not simply choose a bank offering the lowest interest rate for the desired loan term? Why would you treat a bank like a charity and give them more money than a competitor? I really don't get this "I recommend bank X" without comparison shopping. Penfed ain't the lowest, so exactly why do they deserve more money?

Just shared my experience which has been Penfed has offered me consistently lower interest than other lenders. I don't think I said to rule out any other lender, gave an example of a good lender, chill.

[M2GUY]

Paid $3000 below MSRP. Got a 1.99% through my CU. The dealer said they could finance the whole thing if I took there ridiculous 5% rate. Of course, I went with the credit union and financed $45,000

[bobert]

Originally Posted by M2GUY

Paid $3000 below MSRP. Got a 1.99% through my CU. The dealer said they could finance the whole thing if I took there ridiculous 5% rate. Of course, I went with the credit union and financed $45,000

How'd you swing that deal?

[M2GUY]

Originally Posted by bobert

How'd you swing that deal?

Negotiated $500 off then hit the dealer with the fleet discount of $2500 off after for a total of $3000 below MSRP.