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      03-29-2016, 12:47 PM   #13
F87LUV
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Drives: '16 M2, '23 GT4
Join Date: May 2007
Location: NJ

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Garage List
2023 Porsche GT4  [5.00]
2016 BMW M2  [8.66]
Quote:
Originally Posted by clubsport
Quote:
Originally Posted by ZGirl07 View Post
Rate is 2.99 or if you go to my dealer it's supposedly 3.99%.

Penfed is using a 50% residual with a 2.49 apr.

I have called Penfed numerous times to get a 'payment saver' rate. They say the car is too new. I get the 1.99 for 48/60 and 2.74 for longer.

April rates from BMWNA might be different/better. March rates were useless since there was no release.
Do you have your VIN? Apply online, add the vin and add the car as an M3. Call them after its processed and tell them it's an M2. Not M235 or M3 (theyll ask you if it's either). The app will go to a senior loan officer and they'll determine the value. If you're not taking delivery 4/16 then just wait. I wanted everything done so whenever the dealer is allowed to give me the car, I can walk in and it's a done deal. If April really is better, I'll change my financing then but it's doubtful. As of now, penfed using a 50% residual and a 2.49% rate. Take my word for it.
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