03-07-2019, 10:35 AM | #23 |
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Rates are like everything else - negotiable.
Sometimes you do get a break when financing through BMW, more typically when doing a lease, you may get incentives for buying/leasing a new cars before the term is up, etc. If all things are equal, then go through BMWFS. Otherwise, go for the lowest rate. Dealers do often get a kickback from banks (all banks) for directing the loan to them, and they will usually meet or beat the best rate you can find, especially if you have good credit or threaten to just write a check for the whole shebang.
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03-07-2019, 04:06 PM | #24 |
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Bank of America has been steady as a rock at 3.54%
Down from 3.59% previously, so no reason at all for rates to be "up". (unless another Fed rate hike happens, or is expected) |
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03-07-2019, 04:13 PM | #25 | |
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03-07-2019, 04:39 PM | #26 | ||
Luxury at the redline :)
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I get that method but at some point they're going to transfer to to the finance manager. I went with a friend to buy a car for 35k, with a paper bag of unmarked cash and the FM still had to sign off on the deal and finalize the title info. Even if you walk in with a pre-approved check, as I always do, the FM have to confirm the terms before the loan becomes binding. So it's a necessary evil.. And also, the US federal government makes it practically illegal to purchase a new car directly from the manufacture.. https://www.google.com/amp/s/www.chi...story,amp.html |
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03-09-2019, 09:41 PM | #29 |
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Just got my dealer to lock me in at 2.99% through BMW Financial. Advertised APR was 4.55% in our region, other regions show 2.99% and they honored that. All I did was ask, could work for you. Credit score is above 800.
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03-10-2019, 10:13 AM | #31 |
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03-10-2019, 12:21 PM | #32 | |
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Prime keeps going up.
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03-10-2019, 06:24 PM | #34 | |
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That's up to 60 months no?
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03-10-2019, 06:35 PM | #35 | |||
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03-10-2019, 08:31 PM | #36 |
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Yes, afaik the standard car loan quote is for 60 months.
https://www.bankofamerica.com/auto-l...to-loan-rates/ |
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03-15-2019, 07:26 AM | #37 |
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03-16-2019, 01:18 PM | #39 | |
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Paying cash for my new house.
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03-16-2019, 02:30 PM | #40 | ||
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03-16-2019, 04:42 PM | #41 | |||
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As long as you're going to really use it. Otherwise, rent the sucker, put your name on the back, have a big party, detail it, turn that sucker in!
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