Help needed for Auto Loan.

RussM4 · 06-08-2018, 08:17 PM

Hi guys, picking up my new m2 next week its finally here, APR is so high for June, where can i get low interest rate with excellent credit? 48 or 60 month loan. thank you

bmxcamel · 06-08-2018, 09:23 PM

Pen fed

DanG · 06-08-2018, 09:47 PM

A local credit union.

m20e3087 · 06-08-2018, 10:44 PM

Credit union for sure. Shop around.

bobert · 06-08-2018, 11:12 PM

^ What those guys said (credit union can get you < 2%). Forget BMW Fleecing Services.

RussM4 · 06-09-2018, 06:44 AM

Quote:

Originally Posted by bobert

^ What those guys said (credit union can get you < 2%). Forget BMW Fleecing Services.

PenFed 2.99% for 48 months.
AAA Member 2.94% for 48 months.

Cant seem to find anything under 2% here in NJ.

kt22cliffjumper · 06-09-2018, 08:14 AM

Quote:

Originally Posted by RussM2

PenFed 2.99% for 48 months.
AAA Member 2.94% for 48 months.

Cant seem to find anything under 2% here in NJ.

You need to adjust your expectaion. Currently, 5 Year Treasury rate is at 2.75-2.80% and 3 year Treasury rate is at 2.60-2.65%.

DanG · 06-09-2018, 09:19 AM

Quote:

Originally Posted by RussM2

PenFed 2.99% for 48 months.
AAA Member 2.94% for 48 months.

Cant seem to find anything under 2% here in NJ.

That is 1% lower than BMW Financial. My credit union is now at 3.04% (BECU).

bobert · 06-09-2018, 09:25 AM

Quote:

Originally Posted by kt22cliffjumper

You need to adjust your expectaion. Currently, 5 Year Treasury rate is at 2.75-2.80% and 3 year Treasury rate is at 2.60-2.65%.

Good point - rates have gone up slightly. I got 1.99% at SecurityPlus (local CU) but that was 6 months ago and, though they still have 1.74% for 36 months, the 1.99% (48-72 mos) has gone up to 2.24%.

RussM4 · 06-09-2018, 05:04 PM

Quote:

Originally Posted by DanG

That is 1% lower than BMW Financial. My credit union is now at 3.04% (BECU).

Going with PenFed 2.49% for 36 months. 20k financed.

06-08-2018, 08:17 PM	#1
RussM4 Second Lieutenant 264 Rep 251 Posts Drives: BmwM3 M2, F80 , E46, 335,G82m4 Join Date: Feb 2016 Location: NJ iTrader: (0)	Help needed for Auto Loan. Hi guys, picking up my new m2 next week its finally here, APR is so high for June, where can i get low interest rate with excellent credit? 48 or 60 month loan. thank you
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06-08-2018, 09:23 PM	#2
bmxcamel Captain 556 Rep 798 Posts Drives: F87 LCI, G01 m40i, E90 M3 Join Date: Nov 2010 Location: earth iTrader: (3)	Pen fed
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06-08-2018, 09:47 PM	#3
DanG Major General 10686 Rep 6,938 Posts Drives: 2018 M2 AW DCT Join Date: Aug 2012 Location: Seattle, WA iTrader: (1) Garage List 2018 BMW M2 [7.68]	A local credit union.
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06-08-2018, 10:44 PM	#4
m20e3087 Major 1155 Rep 1,412 Posts Drives: G87 Join Date: Mar 2012 Location: FL iTrader: (0) Garage List 2019 BMW M2C [0.00]	Credit union for sure. Shop around.
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06-08-2018, 11:12 PM	#5
bobert Major 859 Rep 1,148 Posts Drives: manual shift cars Join Date: Jun 2012 Location: MD, USA iTrader: (0)	^ What those guys said (credit union can get you < 2%). Forget BMW Fleecing Services. __________________ 2018 M2: BSM, Exec, 6MT (ED on 10/5/17, re-delivery on 11/30/17) My BSM M2 European Delivery Story 2013 335i M-Sport sedan: BSM, 403M wheels, walnut trim, 6MT (gone)
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