Quote:
Originally Posted by outie
The biggest issues I see is the timing with ED. If you were the 1st batch of people who got the 2011 in April, you are stuck with BMWFS's 5.9%. In May it dropped to 3.9, June 2.9, and July 1.9%. The Lease programs also follow the same trend. So, if you got it in April @ 5.9, you may not see your car re-delivered until June/July with a 2.9 or even 1.9 that people would have gotten by taking US delivery in June/July. The interest savings probably make up to the discount you received via ED (depending on the loan amount).
Now, if you could do ED knowing you'd get 1.9 or 0.9, then it makes perfect sense to do ED to save money.
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Do you know if there is a way to qualify for refinance for the lower rate now? I talked to bmwfs and they say that the lowest rate for refinance is 6%!