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      07-26-2019, 11:14 PM   #7
Cannondale900
Second Lieutenant
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Drives: '20 M2C, '10 535ixT, '91 M5
Join Date: Apr 2019
Location: Chicagoland

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Garage List
2023 X5 45e  [0.00]
2015 LR4 HSE Lux + HD  [0.00]
1965 Shelby Cobra 4 ...  [0.00]
2020 M2C  [0.00]
1991 M5  [0.00]
2010 535ixT  [0.00]
I've been struggling with the idea of paying cash up front for 1) a car I won't see for another month, and 2) a car I won't see for 6-8 weeks while its out of my hands during transport/prep/etc.

As a result, I was hatching a plan to put the cash in a certificate of deposit earning 2.74% while borrow against the car at a rate of 2.99%, all through my local credit union. This puts me essentially PnL neutral while I retain control of the cash. I couldn't convince my credit union's underwriter to open the loan....they were stuck on timing of the title/possession as well as the fact that their collateral would be outside the US somewhere.

It appears you can get 2.99% via BMWFS through July 31 so think I'll go that route while still putting cash in a certificate via local credit union.

I would think the warranty starts on the vehicle's in-service date which is when you take possession, not when your loan starts. This is something I have not looked in to in any detail.
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