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      04-02-2020, 01:15 PM   #155
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@23109VC yeah, most people do not even consider leasing a M2 due to the horrendous rates.

My response is purely on buying a M2C
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      04-02-2020, 01:33 PM   #156
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Well, if you're looking for a sign of the apocalypse.....

I had to call my SA today for a piece of paperwork that my credit union wanted for my loan.

45 min later, the head finance guy at the dealership called me and pretty much begged me to take the loan from them if they could match/beat terms- with 90 days upfront with no payments.

I'm waiting to hear back what he comes up with. It would make the purchase easier, so if they beat the rate, I don't care where the loan comes from.

R.
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      04-02-2020, 01:59 PM   #157
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Quote:
Originally Posted by flybigjet View Post
Well, if you're looking for a sign of the apocalypse.....

I had to call my SA today for a piece of paperwork that my credit union wanted for my loan.

45 min later, the head finance guy at the dealership called me and pretty much begged me to take the loan from them if they could match/beat terms- with 90 days upfront with no payments.

I'm waiting to hear back what he comes up with. It would make the purchase easier, so if they beat the rate, I don't care where the loan comes from.

R.
Good score! Again, some silver lining to things. Maybe BMW can help you out on account how long you had to wait for your vehicle.
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      04-02-2020, 03:15 PM   #158
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Quote:
Originally Posted by flybigjet View Post
Well, if you're looking for a sign of the apocalypse.....

I had to call my SA today for a piece of paperwork that my credit union wanted for my loan.

45 min later, the head finance guy at the dealership called me and pretty much begged me to take the loan from them if they could match/beat terms- with 90 days upfront with no payments.

I'm waiting to hear back what he comes up with. It would make the purchase easier, so if they beat the rate, I don't care where the loan comes from.

R.
Interested to know who the lender is. Keep us updated .
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      04-05-2020, 12:35 PM   #159
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Originally Posted by JCZ5 View Post
Now before someone says it is immoral to push dealers on deals at a time like this. Let's not forget, the dealers also have a voice on whether they want to take the deal or not. And all dealers have a spreadsheet (at least the smart ones) that takes into account of all cost levers, so they can easily see what number they need to hit in order to continue their operations.

Good luck!
If those who is in the lucky position to buy, show no mercy and get the best deal out of it! Don't forget you are spending a lot of money as well.
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      04-06-2020, 12:28 PM   #160
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Nice little drop from 2.99 now 2.49
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      04-06-2020, 12:46 PM   #161
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spoke to 2 dealers, one gave me $5k off msrp and another gave me $250. That's right $250 off lol
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      04-06-2020, 12:57 PM   #162
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Updated with April program -- no changes.
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      04-06-2020, 01:21 PM   #163
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spoke to 2 dealers, one gave me $5k off msrp and another gave me $250. That's right $250 off lol
Haha $250 off MSRP? Is this in the SocCal area? That is very surprising at a time like this, but I guess if there is a captivated market with little supply...
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      04-06-2020, 01:56 PM   #164
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Quote:
Originally Posted by CRAMAZIN View Post
spoke to 2 dealers, one gave me $5k off msrp and another gave me $250. That's right $250 off lol
Haha $250 off MSRP? Is this in the SocCal area? That is very surprising at a time like this, but I guess if there is a captivated market with little supply...
Northeast
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      04-06-2020, 05:47 PM   #165
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Nice little drop from 2.99 now 2.49
Cool-- thanks for the head's up.

I'm picking up my 2020 M2C tomorrow (Tues). I'd financed a bit of it through my credit union at 2.74 @ 60 months, but the finance guy at the dealership just emailed me and said I'm good to go through them at 2.49 for the same term.

Works for me.
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      04-06-2020, 09:20 PM   #166
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Has there ever been a negative rate auto loan before? I'd guess not. I picked up a Mazda 3 in 2010 and got 0% for 60 months. I wonder what kind of crazy incentives we will see as the economy craters.
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