06-18-2018, 10:40 AM | #1 |
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Bank or credit union with lowest rates
Those of us looking to finance our M2C if you could please post the name of bank or credit union you will be financing with it will help out the future owners.
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06-18-2018, 10:46 AM | #2 |
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So far, BMW financing has offered the best rates on every car I've looked at from them, including a 2018 M2 I was considering at 1.9% back in March.
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06-18-2018, 10:58 AM | #3 |
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06-18-2018, 11:53 AM | #4 |
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That's terrible. I'm sure a bank or credit union could beat that by miles.
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06-18-2018, 12:49 PM | #5 |
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Yeah, last year I bought a ten year old s2k and my credit union gave me a 1.79 rate. I just called them back and they said they would do 1.74 for 84 months on the new m2c (with payroll deductions). My credit score is over 800 as well though. They said even if I don’t get it until December they would honor it as long as I apply now.
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06-18-2018, 12:54 PM | #6 | |
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06-18-2018, 12:57 PM | #7 |
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I think the credit union I'm rolling with is 2.5% for 60 month and 2.75% for 72 months. I'll shop around more next month but it's super easy to get below that 4.whatever that BMW is currently offering.
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06-18-2018, 12:59 PM | #8 |
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06-18-2018, 01:18 PM | #9 |
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I've went with credit union on my current M2. Plan on going back with them. 72 months 1.9%. Hope I can get 1.9% this time on the M2 Comp as well. We'll see. usually run credit is only good for certain amount of days, so waiting till we get closer.
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06-18-2018, 05:29 PM | #10 |
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Not to get too personal but what kind of monthly payments are you guys looking at?
The best rate promotion rate with BMW FS in the Northeast is 3.99% and if I pay the fees and sales tax upfront and finance 60k even, it works out to $1,100 a month @ 60 months.. Not counting another $200 for insurance.. Kind of scary since my mortgage is $1,400. But I guess you have to pay to play.. |
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06-18-2018, 05:59 PM | #11 | |
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06-18-2018, 06:15 PM | #12 |
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Since I want to do 60 months it's 2.99% with Navy Federal, I'm looking on financing $35k to make an even $600/month.
It's the lowest I can find among banks I use / credit unions I have access to... Actually looking around I couldn't believe how many banks say "such low rates!" But they aren't low. |
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06-18-2018, 06:47 PM | #13 | |
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06-18-2018, 07:33 PM | #15 |
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I am usually on the opposite end of the spectrum. I but down the absolute minimum required. Like I said above credit union offered a rate of 1.74%. I usually make between 5 and 10% minimum on investments. Also my mortgage is 3.8%. I don’t understand why everyone doesn’t want to hold debt. Make your money work for you, if you get under 3% or under on a car loan put down the absolute minimum. Use what you would have put down to pay down your higher APR mortgage or invest it.
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06-18-2018, 07:34 PM | #16 |
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06-19-2018, 07:48 AM | #17 | |
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And as others have said yeah I can make a higher % investing, and I do, but I'd rather just not owe anything. |
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06-19-2018, 09:48 AM | #18 | |
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06-19-2018, 01:31 PM | #19 | |
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08-06-2018, 08:10 AM | #21 | |
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08-06-2018, 09:44 AM | #22 | |
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