BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW M2 Forum > Pricing / Ordering / European Delivery / PCD > Current Finance Rates

Post Reply
 
Thread Tools Search this Thread
      04-24-2019, 09:12 PM   #45
mhanism
Captain
mhanism's Avatar
United_States
270
Rep
806
Posts

Drives: 2020 M2C
Join Date: Jun 2013
Location: Fremont, CA

iTrader: (0)

Quote:
Originally Posted by M2C89 View Post
Quote:
Originally Posted by brocurls View Post
I assume the dealer can bloat the APR just like they could with the MF and pocket the profit?

Dealers are hoping buyers are coming in stupid AF with no access to the internet.
MF?
Dunno... my guess is around 4%
__________________
MY20 M2 Competition
MY16 M3 (Sold)
MY17 X3 35i M Sport
MY14 335i M Sport (Sold)
Appreciate 0
      04-24-2019, 10:09 PM   #46
KevinM
Colonel
KevinM's Avatar
2103
Rep
2,902
Posts

Drives: 2002 M5;2007 M Coupe;2020 M2C
Join Date: Jul 2011
Location: Tucson

iTrader: (0)

Garage List
BMW FS often have different rates depending on region, regardless of credit rating. It's hard to pad the APR because anyone can go on BMW's website and see what the "best" BMW FS rate is for the region by typing in your zip code. I'm not sure how much leeway dealers have with the official regional APR (although MF math is of course more fuzzy), but that is what credit unions are for.

Looks like the three year residual for the the M2C has increased significantly to around 58%. Not the heyday of the F8X M3/M4 when they were above 60%, but significantly better than they were...
__________________
2020 F87 M2C Hockenheim Silver/MT
2002 E39 M5 Sterling Gray/Caramel
2007 E86 Z4M Coupe Silver Gray/Black
2016 F80 M3 ZCP MG/Golden Brown/6MT European Delivery Thread - gone

Last edited by KevinM; 04-25-2019 at 12:00 AM..
Appreciate 1
mhanism269.50

      04-24-2019, 10:54 PM   #47
Thescout13
Brigadier General
Thescout13's Avatar
United_States
2732
Rep
3,950
Posts

Drives: '18 F80 M3, '20 F87 M2C
Join Date: Nov 2013
Location: California

iTrader: (0)

Quote:
Originally Posted by KevinM View Post
BMW FS ofteh have different rates depending on region, regardless of credit rating. It's hard to pad the APR because anyone can go on BMW's website and see what the "best" BMW FS rate is for the region by typing in your zip code. I'm not sure how much leeway dealers have with the official regional APR (although MF math is of course more fuzzy), but that is what credit unions are for.

Looks like the three year residual for the the M2C has increased significantly to around 58%. Not the heyday of the F8X M3/M4 when they were above 60%, but significantly better than they were...
Looks like so for the 2019, 2020 still looks pretty high.
__________________
Wife's Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017)
Upcoming ED: 2020 F87 M2C, LBB, ZEC, 6MT
Appreciate 0
      04-24-2019, 11:31 PM   #48
mhanism
Captain
mhanism's Avatar
United_States
270
Rep
806
Posts

Drives: 2020 M2C
Join Date: Jun 2013
Location: Fremont, CA

iTrader: (0)

Quote:
Originally Posted by Thescout13 View Post
Quote:
Originally Posted by KevinM View Post
BMW FS ofteh have different rates depending on region, regardless of credit rating. It's hard to pad the APR because anyone can go on BMW's website and see what the "best" BMW FS rate is for the region by typing in your zip code. I'm not sure how much leeway dealers have with the official regional APR (although MF math is of course more fuzzy), but that is what credit unions are for.

Looks like the three year residual for the the M2C has increased significantly to around 58%. Not the heyday of the F8X M3/M4 when they were above 60%, but significantly better than they were...
Looks like so for the 2019, 2020 still looks pretty high.
Right, the 2019 models still have residuals in the high 40% range. I'm curious why the sudden change with the MY2020s.
__________________
MY20 M2 Competition
MY16 M3 (Sold)
MY17 X3 35i M Sport
MY14 335i M Sport (Sold)
Appreciate 0
      04-24-2019, 11:37 PM   #49
Thescout13
Brigadier General
Thescout13's Avatar
United_States
2732
Rep
3,950
Posts

Drives: '18 F80 M3, '20 F87 M2C
Join Date: Nov 2013
Location: California

iTrader: (0)

Quote:
Originally Posted by mhanism View Post
Quote:
Originally Posted by Thescout13 View Post
Quote:
Originally Posted by KevinM View Post
BMW FS ofteh have different rates depending on region, regardless of credit rating. It's hard to pad the APR because anyone can go on BMW's website and see what the "best" BMW FS rate is for the region by typing in your zip code. I'm not sure how much leeway dealers have with the official regional APR (although MF math is of course more fuzzy), but that is what credit unions are for.

Looks like the three year residual for the the M2C has increased significantly to around 58%. Not the heyday of the F8X M3/M4 when they were above 60%, but significantly better than they were...
Looks like so for the 2019, 2020 still looks pretty high.
Right, the 2019 models still have residuals in the high 40% range. I'm curious why the sudden change with the MY2020s.
I think if you look on the BMW USA website those high residuals are only for 7500 miles/year. It's kind of deceptive.
__________________
Wife's Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017)
Upcoming ED: 2020 F87 M2C, LBB, ZEC, 6MT
Appreciate 0
      04-24-2019, 11:48 PM   #50
mhanism
Captain
mhanism's Avatar
United_States
270
Rep
806
Posts

Drives: 2020 M2C
Join Date: Jun 2013
Location: Fremont, CA

iTrader: (0)

Quote:
Originally Posted by Thescout13 View Post
Quote:
Originally Posted by mhanism View Post
Quote:
Originally Posted by Thescout13 View Post
Quote:
Originally Posted by KevinM View Post
BMW FS ofteh have different rates depending on region, regardless of credit rating. It's hard to pad the APR because anyone can go on BMW's website and see what the "best" BMW FS rate is for the region by typing in your zip code. I'm not sure how much leeway dealers have with the official regional APR (although MF math is of course more fuzzy), but that is what credit unions are for.

Looks like the three year residual for the the M2C has increased significantly to around 58%. Not the heyday of the F8X M3/M4 when they were above 60%, but significantly better than they were...
Looks like so for the 2019, 2020 still looks pretty high.
Right, the 2019 models still have residuals in the high 40% range. I'm curious why the sudden change with the MY2020s.
I think if you look on the BMW USA website those high residuals are only for 7500 miles/year. It's kind of deceptive.
If you see my earlier thread, the 53% residual is for a 30k/3yr lease...
__________________
MY20 M2 Competition
MY16 M3 (Sold)
MY17 X3 35i M Sport
MY14 335i M Sport (Sold)
Appreciate 0
      04-24-2019, 11:58 PM   #51
Thescout13
Brigadier General
Thescout13's Avatar
United_States
2732
Rep
3,950
Posts

Drives: '18 F80 M3, '20 F87 M2C
Join Date: Nov 2013
Location: California

iTrader: (0)

Quote:
Originally Posted by mhanism View Post
Quote:
Originally Posted by Thescout13 View Post
Quote:
Originally Posted by mhanism View Post
Quote:
Originally Posted by Thescout13 View Post
Quote:
Originally Posted by KevinM View Post
BMW FS ofteh have different rates depending on region, regardless of credit rating. It's hard to pad the APR because anyone can go on BMW's website and see what the "best" BMW FS rate is for the region by typing in your zip code. I'm not sure how much leeway dealers have with the official regional APR (although MF math is of course more fuzzy), but that is what credit unions are for.

Looks like the three year residual for the the M2C has increased significantly to around 58%. Not the heyday of the F8X M3/M4 when they were above 60%, but significantly better than they were...
Looks like so for the 2019, 2020 still looks pretty high.
Right, the 2019 models still have residuals in the high 40% range. I'm curious why the sudden change with the MY2020s.
I think if you look on the BMW USA website those high residuals are only for 7500 miles/year. It's kind of deceptive.
If you see my earlier thread, the 53% residual is for a 30k/3yr lease...
Yeah, no I saw that, sorry I was talking about something different. Think we are talking past each other about two different things haha. My bad.
__________________
Wife's Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017)
Upcoming ED: 2020 F87 M2C, LBB, ZEC, 6MT
Appreciate 1
mhanism269.50

      04-25-2019, 12:06 AM   #52
KevinM
Colonel
KevinM's Avatar
2103
Rep
2,902
Posts

Drives: 2002 M5;2007 M Coupe;2020 M2C
Join Date: Jul 2011
Location: Tucson

iTrader: (0)

Garage List
Might be regional, but both 2019/2020 M2C seem to have better residual values based what I'm seeing: https://www.bmwusa.com/special-offers.html

No matter, I'm buying my M2C.
__________________
2020 F87 M2C Hockenheim Silver/MT
2002 E39 M5 Sterling Gray/Caramel
2007 E86 Z4M Coupe Silver Gray/Black
2016 F80 M3 ZCP MG/Golden Brown/6MT European Delivery Thread - gone
Appreciate 0
      04-25-2019, 12:10 AM   #53
mhanism
Captain
mhanism's Avatar
United_States
270
Rep
806
Posts

Drives: 2020 M2C
Join Date: Jun 2013
Location: Fremont, CA

iTrader: (0)

Yeah, I'm leaning that way too, but the higher residuals effectively even out the monthlies and allows for a 3 yr grace period to cover for life's unknowns...
__________________
MY20 M2 Competition
MY16 M3 (Sold)
MY17 X3 35i M Sport
MY14 335i M Sport (Sold)
Appreciate 0
      04-25-2019, 12:10 AM   #54
Thescout13
Brigadier General
Thescout13's Avatar
United_States
2732
Rep
3,950
Posts

Drives: '18 F80 M3, '20 F87 M2C
Join Date: Nov 2013
Location: California

iTrader: (0)

Quote:
Originally Posted by KevinM View Post
Might be regional, but both 2019/2020 M2C seem to have better residual values based what I'm seeing: https://www.bmwusa.com/special-offers.html

No matter, I'm buying my M2C.
Yeah but it's for 7500 miles/year
__________________
Wife's Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017)
Upcoming ED: 2020 F87 M2C, LBB, ZEC, 6MT
Appreciate 0
      04-25-2019, 01:10 AM   #55
KevinM
Colonel
KevinM's Avatar
2103
Rep
2,902
Posts

Drives: 2002 M5;2007 M Coupe;2020 M2C
Join Date: Jul 2011
Location: Tucson

iTrader: (0)

Garage List
Quote:
Originally Posted by Thescout13 View Post
Yeah but it's for 7500 miles/year
As mentioned, not applicable to me (given that I'm buying the M2C and I put 6K miles on my DD per year) but what I see is 10K miles per year on the lease deal.

https://www.bmwusa.com/special-offer...l-offers-legal

Also, this specific deal requires a $3K down payment on a lease, which I would never do.
__________________
2020 F87 M2C Hockenheim Silver/MT
2002 E39 M5 Sterling Gray/Caramel
2007 E86 Z4M Coupe Silver Gray/Black
2016 F80 M3 ZCP MG/Golden Brown/6MT European Delivery Thread - gone
Appreciate 0
      04-25-2019, 02:47 AM   #56
M2C89
Second Lieutenant
M2C89's Avatar
United_States
320
Rep
286
Posts

Drives: 2020 M2 Competition
Join Date: Aug 2018
Location: USA

iTrader: (0)

Quote:
Originally Posted by mhanism View Post
Quote:
Originally Posted by M2C89 View Post
Quote:
Originally Posted by brocurls View Post
I assume the dealer can bloat the APR just like they could with the MF and pocket the profit?

Dealers are hoping buyers are coming in stupid AF with no access to the internet.
MF?
Dunno... my guess is around 4%
Sorry, I was asking what MF stands for...
Appreciate 0
      04-25-2019, 05:17 AM   #57
2045
First Lieutenant
2045's Avatar
98
Rep
346
Posts

Drives: always changing
Join Date: Jun 2007
Location: Los Angeles, CA

iTrader: (0)

Quote:
Originally Posted by M2C89 View Post
Sorry, I was asking what MF stands for...
Money Factor. Interest.
Appreciate 0
      04-25-2019, 08:40 AM   #58
Thescout13
Brigadier General
Thescout13's Avatar
United_States
2732
Rep
3,950
Posts

Drives: '18 F80 M3, '20 F87 M2C
Join Date: Nov 2013
Location: California

iTrader: (0)

Quote:
Originally Posted by KevinM View Post
Quote:
Originally Posted by Thescout13 View Post
Yeah but it's for 7500 miles/year
As mentioned, not applicable to me (given that I'm buying the M2C and I put 6K miles on my DD per year) but what I see is 10K miles per year on the lease deal.

https://www.bmwusa.com/special-offer...l-offers-legal

Also, this specific deal requires a $3K down payment on a lease, which I would never do.
Where do you see 10k/year? I see the following in the fine print:

Quote:
Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $0.30/mile over 22,500 miles and a disposition fee of $350 at lease end.
22,500/3 = 7500/year

Not trying to argue with you, just looking for clarity.
__________________
Wife's Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017)
Upcoming ED: 2020 F87 M2C, LBB, ZEC, 6MT
Appreciate 0
      04-25-2019, 09:36 AM   #59
mhanism
Captain
mhanism's Avatar
United_States
270
Rep
806
Posts

Drives: 2020 M2C
Join Date: Jun 2013
Location: Fremont, CA

iTrader: (0)

Looks like different regions have different terms.
__________________
MY20 M2 Competition
MY16 M3 (Sold)
MY17 X3 35i M Sport
MY14 335i M Sport (Sold)
Appreciate 0
      04-25-2019, 10:34 AM   #60
Thescout13
Brigadier General
Thescout13's Avatar
United_States
2732
Rep
3,950
Posts

Drives: '18 F80 M3, '20 F87 M2C
Join Date: Nov 2013
Location: California

iTrader: (0)

Quote:
Originally Posted by mhanism View Post
Looks like different regions have different terms.
I did it with a Tucson zip code (where he is) to just in case and same thing for the lease? Idk I give up! Haha
__________________
Wife's Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017)
Upcoming ED: 2020 F87 M2C, LBB, ZEC, 6MT
Appreciate 1
mhanism269.50

      04-25-2019, 11:09 AM   #61
mhanism
Captain
mhanism's Avatar
United_States
270
Rep
806
Posts

Drives: 2020 M2C
Join Date: Jun 2013
Location: Fremont, CA

iTrader: (0)

Quote:
Originally Posted by Thescout13 View Post
Quote:
Originally Posted by mhanism View Post
Looks like different regions have different terms.
I did it with a Tucson zip code (where he is) to just in case and same thing for the lease? Idk I give up! Haha
:

The higher residuals make leasing a more
interesting option, but I'll probably end up financing to keep things simple.
__________________
MY20 M2 Competition
MY16 M3 (Sold)
MY17 X3 35i M Sport
MY14 335i M Sport (Sold)
Appreciate 0
      04-25-2019, 12:26 PM   #62
KevinM
Colonel
KevinM's Avatar
2103
Rep
2,902
Posts

Drives: 2002 M5;2007 M Coupe;2020 M2C
Join Date: Jul 2011
Location: Tucson

iTrader: (0)

Garage List
Quote:
Originally Posted by Thescout13 View Post
I did it with a Tucson zip code (where he is) to just in case and same thing for the lease? Idk I give up! Haha
Here is what my webpage shows:

Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $0.30/mile over 30,000 miles and a disposition fee of $350 at lease end.

No mention of 7500 miles per year...

Anyway...residuals certainly better, but I'm still buying.
__________________
2020 F87 M2C Hockenheim Silver/MT
2002 E39 M5 Sterling Gray/Caramel
2007 E86 Z4M Coupe Silver Gray/Black
2016 F80 M3 ZCP MG/Golden Brown/6MT European Delivery Thread - gone
Appreciate 0
      04-25-2019, 01:05 PM   #63
Thescout13
Brigadier General
Thescout13's Avatar
United_States
2732
Rep
3,950
Posts

Drives: '18 F80 M3, '20 F87 M2C
Join Date: Nov 2013
Location: California

iTrader: (0)

Quote:
Originally Posted by KevinM View Post
Quote:
Originally Posted by Thescout13 View Post
I did it with a Tucson zip code (where he is) to just in case and same thing for the lease? Idk I give up! Haha
Here is what my webpage shows:

Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $0.30/mile over 30,000 miles and a disposition fee of $350 at lease end.

No mention of 7500 miles per year...

Anyway...residuals certainly better, but I'm still buying.
Oo wow. So weird!
__________________
Wife's Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017)
Upcoming ED: 2020 F87 M2C, LBB, ZEC, 6MT
Appreciate 0
      06-15-2019, 04:39 PM   #64
Bimmer28312
Major
Bimmer28312's Avatar
United_States
282
Rep
1,033
Posts

Drives: BMW N55 335xi
Join Date: Oct 2013
Location: United States

iTrader: (0)

Why do BMW dealers play games when it comes to finances!? Like hey moron you know there's such thing as the internet where we can see the financing offers right?? 🙄
Appreciate 0
      06-15-2019, 05:51 PM   #65
M2C89
Second Lieutenant
M2C89's Avatar
United_States
320
Rep
286
Posts

Drives: 2020 M2 Competition
Join Date: Aug 2018
Location: USA

iTrader: (0)

Quote:
Originally Posted by Bimmer28312 View Post
Why do BMW dealers play games when it comes to finances!? Like hey moron you know there's such thing as the internet where we can see the financing offers right?? 🙄
Just to see if they can get any extra income on top of the sale. Honestly if they try and pull something like this it's a sign of what kind of dealership you're entering into a business relationship with. It would be a red flag if you've previously agreed to something. That said, you DO have to qualify for the best rate by having the necessary credit to achieve the best rates.

By the way the rate is still 2.99/60mo and 3.99/72mo according to BMW Financial as of today.
Appreciate 0
      06-15-2019, 09:12 PM   #66
Bimmer28312
Major
Bimmer28312's Avatar
United_States
282
Rep
1,033
Posts

Drives: BMW N55 335xi
Join Date: Oct 2013
Location: United States

iTrader: (0)

Yeah where I live in Fremont, Cali it's 2.99% but where I'm buying my M2C which is a few hours away it's 4.85%. credit score isn't the issue in my case. I'm tempted to say make what's advertised my rate or I'll walk.

Last edited by Bimmer28312; 06-15-2019 at 09:18 PM..
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 03:20 AM.




m2
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST