[Elrond]

When I placed my order, the finance APR on offer for the 320i was 3.9%. I've now noticed that the APR on offer for the same model is 2.9%.

The order only covers the price of the car and makes no mention of the finance and so I can only see that I have signed for the cost of the car as the finance is a separate product. What I do have on the finance side is an unsigned quotation.

The finance figures need to change anyway as I have made more payments on the car I'm part-ex'ing so will BMW do it at the 3.9% or do I have an argument for the current offer of 2.9%?

Before anyone says it, if it's 3.9% than that is fine but no one is going to pass up the possibility of a better deal at the end of the day

While I was finalising the spec, they were rather keen on me adding it all to the deposit rather than changing the monthlies Could be unrelated though.

[teaston]

Ask your dealer very nicely, and if that doesn't work then politely threaten to cancel the order imo.

[moff]

The problem is that BMW FS do quarterly deals and this quarter it's 2.9% on the 3er and 4er. So while the APR is good, the BMW FS contribution isn't high. Next quarter it could be back to 3.9% and the BMW FS contribution could increase.

It's tough to work out what to do. I wouldn't be overly impressed if I was the dealer, but it's up to you. You could cancel the order and start again but you will likely lose your deposit.

No harm in trying, speak to your dealer and see what they say.

[R0B]

I'd guess you might be able to swing it. I'd take it right to the wire in terms of your intent to cancel. Whenever the computer says no, there is always someone who can override it...

[Elrond]

Just had a bit of a closer look at the T&Cs and it says:

Applies to new vehicles ordered between 1 April and 30 June 2017 and registered by 30 September 2017 (subject to availability).

Asking won't hurt though and you never know if you don't ask.

Guess the moral of the story is don't look at offers once you have placed an order

[rosstin]

IMO, you don't enter the credit agreement until funds are sent to the dealer.
Do you know if/how much contribution bmwfs are making?
I would definitely fight for the lower rate.

[DB118D]

You'll find the APR is down, but the discount level will also be down

Q1 may have been £5k contribution and 3.9% APR

Q2 may be £3.5k contribution and 2.9% APR

The difference will no doubt be negligible. That's assuming you've persuaded the dealer to give you the maximum discount in the first place

[MrChumley]

Originally Posted by Robbo

I'd guess you might be able to swing it. I'd take it right to the wire in terms of your intent to cancel. Whenever the computer says no, there is always someone who can override it...

Unless I'm mistaken (it's happened once or twice, not often) you can't simply cancel your order. You've signed a legal agreement to buy a car. The dealer is perfectly entitled to offload it at auction and charge you for any shortfall - potentially far more than your deposit.

I would definitely ask for the lower interest but it's only going to save £20 or £30 a month so hardly a deal breaker surely?

[Elrond]

Originally Posted by MrChumley

I would definitely ask for the lower interest but it's only going to save £20 or £30 a month so hardly a deal breaker surely?

£20 or £30 a month isn't going to be a deal breaker because as I said in my OP, 3.9% APR is fine and if I didn't look, I would have been non the wiser anyway.

Its still a saving though that could be there and if you don't ask, you don't get. What can the worst be, they say no.

[1MSK]

I'm in the position where i've ordered my car before the 30th June at the 2.9% with a dealer contribution of around £6000. My car should be registered before 30th September as i won't take delivery of it until then. I was warned when i ordered the car that the interest rates were only good for a 90 day period prior to taking delivery of the vehicle and that the rates may go up and that i would only be a difference of a few pounds. I have paid a deposit so surely that means they have to honour the terms of the deal at the time?

[Chompers]

Originally Posted by M17MRE

I'm in the position where i've ordered my car before the 30th June at the 2.9% with a dealer contribution of around £6000. My car should be registered before 30th September as i won't take delivery of it until then. I was warned when i ordered the car that the interest rates were only good for a 90 day period prior to taking delivery of the vehicle and that the rates may go up and that i would only be a difference of a few pounds. I have paid a deposit so surely that means they have to honour the terms of the deal at the time?

Any marketing offered in Q2 is valid for delivery up to the end of Q3

[Chr15b]

Originally Posted by M17MRE

I'm in the position where i've ordered my car before the 30th June at the 2.9% with a dealer contribution of around £6000. My car should be registered before 30th September as i won't take delivery of it until then. I was warned when i ordered the car that the interest rates were only good for a 90 day period prior to taking delivery of the vehicle and that the rates may go up and that i would only be a difference of a few pounds. I have paid a deposit so surely that means they have to honour the terms of the deal at the time?

You've entered into an agreement, the deposit making part of. It's the terms of that agreement that will determine this, but if the agreement says 90 days and outside of that will be recalculated with as charged at the time, then that's the agreement you've entered.

[ziggys101]

When I ordered my 6GC the APR was 2.9% week before the delivery I got a phone call from the dealer asking if I wanted to take the new deal of 0%, they were only proactive as if I took the 0% I would lose the dealer contribution of £1500 but overall would still save me over £2k, so it was win win for both me and the dealer.

[1MSK]

Originally Posted by Chr15b

You've entered into an agreement, the deposit making part of. It's the terms of that agreement that will determine this, but if the agreement says 90 days and outside of that will be recalculated with as charged at the time, then that's the agreement you've entered.

Fair enough, fingers crossed the interest rate doesn't go up by much