BMW have announced today 4.9% financing on the first 2008 335’s

ohsnap · 10-02-2007, 09:48 PM

Just got an email today from my BMW finance guy. Don't know if anyone else has heard of this but might be good to note and inquire further with your dealer if interested.

My car is going to be here in a few weeks and was planning to finance a portion. The best rate I found prior was from USAA @ 4.99-5.99 fixed up to 60+ months.

Think I am going to dig into the BMW one just for the ease. From what I was told this loan is good up to 60 months and should have no problem getting approved with a 700+ beacon score.

Plus my guy added this at the end of the email; "The best thing about our product? You don’t have to pre arrange anything, you can roll in here, sign the papers and drive off…. On top of that if you stay with BMW for the future, you qualify for owner loyalty discounts and other programs. Plus you get the rockstar BMW Card free of charge which is invite only… OK so its not a Black Amex but its close "

lol no clue what the rockstar BMW card is..

BimmerB · 10-02-2007, 10:12 PM

ohsnap thanks. I'm going to ask my BMW finance guy about that. I'm already approved for a 5.99% loan from Capital One.

FaintReality · 10-02-2007, 11:58 PM

4.9% for up to how many months? My local credit union is 5.74% for terms up to 84 months and 110% financing

Dave

EastCoast335i · 10-03-2007, 12:18 PM

Quote:

Originally Posted by FaintReality

4.9% for up to how many months? My local credit union is 5.74% for terms up to 84 months and 110% financing

Dave

110% financing??? huh??? so they will finance the entire purchase price of the car and give you 10% "spending money (call it what you want)"

ohsnap · 10-03-2007, 12:27 PM

Quote:

Originally Posted by FaintReality

4.9% for up to how many months? My local credit union is 5.74% for terms up to 84 months and 110% financing

Dave

As stated in the original post; Fixed 4.9% up to 60 months, 100% financing with no early payoff penalty. No clue why anyone would want a car loan over 60 months anyhow..

EastCoast335i · 10-03-2007, 12:35 PM

Quote:

Originally Posted by ohsnap

As stated in the original post; Fixed 4.9% up to 60 months, 100% financing with no early payoff penalty. No clue why anyone would want a car loan over 60 months anyhow..

I would think this is obvious... lower monthly payments

ohsnap · 10-03-2007, 12:54 PM

Quote:

Originally Posted by EastCoast335i

I would think this is obvious... lower monthly payments

Well yes, if you like paying more in the end.. Squeezing in a monthly car payment isn't my style. Just like anything else, if you can't afford it why buy? Anyways, its just an opinion thats all..

FaintReality · 10-03-2007, 01:25 PM

Quote:

Originally Posted by ohsnap

As stated in the original post; Fixed 4.9% up to 60 months, 100% financing with no early payoff penalty. No clue why anyone would want a car loan over 60 months anyhow..

Sorry, I see it now :P

As for a longer term, it will allow lower payments in which you could pay more than required (additional would go toward principal) or refinace later if not financially stable.

I plan to go longer since I want to get a house in mid 08 and don't want to be strapped for cash. In the mean time, I plan to just pay more which will go straight to principal.

phantom330 · 10-03-2007, 01:43 PM

Quote:

Originally Posted by EastCoast335i

110% financing??? huh??? so they will finance the entire purchase price of the car and give you 10% "spending money (call it what you want)"

It's quite typical they will finance over 100% (of MSRP). Things like rolling in negative equity, any backend product you want will easily take you over 100% of MSRP.

cipher5 · 10-03-2007, 02:57 PM

Called finance guy at my dealer, he sent me a Consumer Credit Form and wouldn't tell me a rate. Booooooo.

AndThen · 10-03-2007, 06:35 PM

That is a good rate, I just financed my 2007 335i last week (one of the last production slots), through BMW, and only got 5.9% for 60months, with 800+ credit score.

aviador · 10-03-2007, 08:31 PM

I called the finance guy at my dealer and was able to get 3.99% for 60 months. I was going to get a home equity loan for 6.48% so I figured I saved myself about $1200. If you a car make sure to call your delaer and ask, I believe this offer just came out.

Fleist · 10-03-2007, 10:14 PM

Today I got 3.9 from BMW Financial Services.

60 months

800+ Credit rating.

Former_Boosted_IS · 10-04-2007, 07:14 AM

Quote:

Originally Posted by Fleist

Today I got 3.9 from BMW Financial Services.

60 months

800+ Credit rating.

Are you coupe or sedan?

aviador · 10-04-2007, 07:37 AM

I don't think it matters coupe or sedan as long as it's a 335. When my finance guy asked me all I told him was that it was a 2008 335, I did not specify coupe or sedan.

2manycars1 · 10-04-2007, 08:27 AM

I saw your post regarding the lower rate and called my finance guy. Unfortunetley for me the rate does not apply to convertibles.

Oh well!

Fleist · 10-04-2007, 08:40 AM

Quote:

Originally Posted by Former_Boosted_IS

Are you coupe or sedan?

Coupe

Former_Boosted_IS · 10-04-2007, 08:54 AM

Quote:

Originally Posted by Fleist

Coupe

Fleist I was told the 4.9 is the lowest for the coupe. Hmmm.

EastCoast335i · 10-04-2007, 09:55 AM

Quote:

Originally Posted by ohsnap

Well yes, if you like paying more in the end.. Squeezing in a monthly car payment isn't my style. Just like anything else, if you can't afford it why buy? Anyways, its just an opinion thats all..

I dont think its a question of not being able to afford a BMW. I think its more likely using that extra money on alternatives, e.g investments that provide a return higher than your fixed rate, not a depreciating asset.

And if youre concerned about paying more in the end you should just wait until you can buy outright. Why finance at all?

Fleist · 10-04-2007, 10:09 AM

Quote:

Originally Posted by Former_Boosted_IS

Fleist I was told the 4.9 is the lowest for the coupe. Hmmm.

That's what I was told by my sales associate . . . that I was approved for 3.9%.

I hope for both our sakes that I am right and you can complain to them. I'm also in NJ, so do you think location has something to do with it?

My car came in on Integrity on 9/30 and was discharged on 10/1. I hope to fill out the paper work this weekend and make sure.

Regards,

sn123 · 10-04-2007, 10:20 AM

Man I'm seeing all these great rates. Is it the same throughout the US? I live in CA and I'm sure my rates will be a little higher. If I can get 5.99 or lower that would be awesome. My score is 800+ and 3.99 would be too sweet.

Former_Boosted_IS · 10-04-2007, 10:24 AM

Quote:

Originally Posted by Fleist

That's what I was told by my sales associate . . . that I was approved for 3.9%.

I hope for both our sakes that I am right and you can complain to them. I'm also in NJ, so do you think location has something to do with it?

My car came in on Integrity on 9/30 and was discharged on 10/1. I hope to fill out the paper work this weekend and make sure.

Regards,

Is there anywhere online we can verify the BMW Financial Specials?

10-02-2007, 09:48 PM	#1
ohsnap Lieutenant 26 Rep 582 Posts Drives: 08 E90 AW 335i 6MT Join Date: Sep 2007 Location: Seattle iTrader: (6) Garage List 2008 E90 335i [0.00]	BMW have announced today 4.9% financing on the first 2008 335’s Just got an email today from my BMW finance guy. Don't know if anyone else has heard of this but might be good to note and inquire further with your dealer if interested. My car is going to be here in a few weeks and was planning to finance a portion. The best rate I found prior was from USAA @ 4.99-5.99 fixed up to 60+ months. Think I am going to dig into the BMW one just for the ease. From what I was told this loan is good up to 60 months and should have no problem getting approved with a 700+ beacon score. Plus my guy added this at the end of the email; "The best thing about our product? You don’t have to pre arrange anything, you can roll in here, sign the papers and drive off…. On top of that if you stay with BMW for the future, you qualify for owner loyalty discounts and other programs. Plus you get the rockstar BMW Card free of charge which is invite only… OK so its not a Black Amex but its close " lol no clue what the rockstar BMW card is..
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10-02-2007, 10:12 PM	#2
BimmerB Captain 21 Rep 928 Posts Drives: 08 335ci White Join Date: Aug 2007 Location: Brooklyn iTrader: (1)	ohsnap thanks. I'm going to ask my BMW finance guy about that. I'm already approved for a 5.99% loan from Capital One. __________________ '11 E90 IB M3 6MT ESS Tune \| Mach Schnell Drop-In Filter \| Challenge Sport HFC X-Pipe \| Active Autowerke Exhaust \| Eibach Springs \| 20" BBS RS-GT /w Yokohama Advan Sport \| IND IB Kidney and Side Grills Retired - '08 E92 AW 335i 6MT V4 & '01 E46 TB 330ci 5MT
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10-02-2007, 11:58 PM	#3
FaintReality NoUSE4aName 18 Rep 359 Posts Drives: 07 BMW 550i Join Date: Sep 2007 Location: SoCal iTrader: (0)	4.9% for up to how many months? My local credit union is 5.74% for terms up to 84 months and 110% financing Dave
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10-03-2007, 02:57 PM	#10
cipher5 506 Rep 3,469 Posts Drives: 2020 Donington Grey X3M Comp Join Date: Jul 2007 Location: Chicago, IL iTrader: (12)	Called finance guy at my dealer, he sent me a Consumer Credit Form and wouldn't tell me a rate. Booooooo.
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10-03-2007, 06:35 PM	#11
AndThen New Member 2 Rep 7 Posts Drives: 335i Coupe Join Date: Aug 2007 Location: Los Angeles iTrader: (0)	That is a good rate, I just financed my 2007 335i last week (one of the last production slots), through BMW, and only got 5.9% for 60months, with 800+ credit score.
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10-03-2007, 08:31 PM	#12
aviador Private 8 Rep 85 Posts Drives: 2008 335xi Join Date: Aug 2007 Location: New Jersey iTrader: (1)	I called the finance guy at my dealer and was able to get 3.99% for 60 months. I was going to get a home equity loan for 6.48% so I figured I saved myself about $1200. If you a car make sure to call your delaer and ask, I believe this offer just came out.
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10-03-2007, 10:14 PM	#13
Fleist New Member 1 Rep 12 Posts Drives: 2008 BMW 335i Coupe (White) Join Date: Sep 2007 Location: NJ iTrader: (0)	Today I got 3.9 from BMW Financial Services. 60 months 800+ Credit rating.
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10-04-2007, 07:37 AM	#15
aviador Private 8 Rep 85 Posts Drives: 2008 335xi Join Date: Aug 2007 Location: New Jersey iTrader: (1)	I don't think it matters coupe or sedan as long as it's a 335. When my finance guy asked me all I told him was that it was a 2008 335, I did not specify coupe or sedan.
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10-04-2007, 08:27 AM	#16
2manycars1 Private First Class 3 Rep 174 Posts Drives: 2008 335i Cv Join Date: Sep 2007 Location: Pa. iTrader: (0)	Rate not for convertibles I saw your post regarding the lower rate and called my finance guy. Unfortunetley for me the rate does not apply to convertibles. Oh well!
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10-04-2007, 10:20 AM	#21
sn123 Private 3 Rep 74 Posts Drives: e92 335i Join Date: Sep 2007 Location: bay area iTrader: (0)	Man I'm seeing all these great rates. Is it the same throughout the US? I live in CA and I'm sure my rates will be a little higher. If I can get 5.99 or lower that would be awesome. My score is 800+ and 3.99 would be too sweet. __________________ IN MY GARAGE '08 335I coupe, Space Grey, grey leather w/ grey poplar, 6MT, Prem, Sports, Cold, nav, Ipod, Sat, shade, CA
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