BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
Post Reply
 
Thread Tools Search this Thread
      12-17-2012, 02:58 PM   #23
NoM3Yet
Private
 
Drives: E92 M3
Join Date: Nov 2012
Location: Woodinville, WA

Posts: 64
iTrader: (0)

Sorry, 1 more follow up question. I want to make sure I have this straight before talking to dealers.

I know that you have to go through BMWfs to get the Holiday Cash.

Can I do the deal through BMWfs (to get the Holiday Cash), then right away just pay off the loan or do I have to keep the BMWfs loan for a period of time?

Thanks!
NoM3Yet is offline  
0
Reply With Quote
      12-17-2012, 09:21 PM   #24
White 13
Private First Class
 
Drives: A 2013 Alpine White E92
Join Date: Oct 2012
Location: N Cal

Posts: 121
iTrader: (0)

Quote:
Originally Posted by NoM3Yet View Post
Sorry, 1 more follow up question. I want to make sure I have this straight before talking to dealers.

I know that you have to go through BMWfs to get the Holiday Cash.

Can I do the deal through BMWfs (to get the Holiday Cash), then right away just pay off the loan or do I have to keep the BMWfs loan for a period of time?

Thanks!
My dealer mentioned this plan and said there was 3 (maybe it was 6) payments that had to be made. Another question is how is the interest handled? Is it payed up front? Any prepayment costs? I think he said min amount borrowed was $7500.
White 13 is offline  
0
Reply With Quote
      12-18-2012, 08:11 AM   #25
NHman
Lieutenant
 
Drives: 2013 M3 MR ZCP DCT
Join Date: Apr 2012
Location: NorthEast

Posts: 463
iTrader: (0)

Quote:
Originally Posted by NoM3Yet View Post
Sorry, 1 more follow up question. I want to make sure I have this straight before talking to dealers.

I know that you have to go through BMWfs to get the Holiday Cash.

Can I do the deal through BMWfs (to get the Holiday Cash), then right away just pay off the loan or do I have to keep the BMWfs loan for a period of time?

Thanks!
Minimum of 4 payments and $7500. Still a good deal weighing interest paid vs. credit applied.
NHman is offline  
0
Reply With Quote
      12-18-2012, 03:21 PM   #26
White 13
Private First Class
 
Drives: A 2013 Alpine White E92
Join Date: Oct 2012
Location: N Cal

Posts: 121
iTrader: (0)

Quote:
Originally Posted by NHman View Post
Minimum of 4 payments and $7500. Still a good deal weighing interest paid vs. credit applied.
Is the interest added to the loan up front?
Any early pay off fees?
Other pitfalls?

Have you done this? Seems like a easy way to make some money.

Any idea what the interest and fees for a $7500, 4 month loan would be?

Thanks
White 13 is offline  
0
Reply With Quote
      12-18-2012, 03:34 PM   #27
NHman
Lieutenant
 
Drives: 2013 M3 MR ZCP DCT
Join Date: Apr 2012
Location: NorthEast

Posts: 463
iTrader: (0)

Quote:
Originally Posted by White 13 View Post
Is the interest added to the loan up front?
Any early pay off fees?
Other pitfalls?

Have you done this? Seems like a easy way to make some money.

Any idea what the interest and fees for a $7500, 4 month loan would be?

Thanks
I have only researched it as I will be ordering an M3 and X3 within the next 30-45 days. Most loans are interest heavy in the first year but on $7,500 it shouldn't be bad. I believe the interest rate is 3-3.25%. No fees.
NHman is offline  
0
Reply With Quote
      12-19-2012, 06:18 PM   #28
BobS
Lieutenant Colonel
 
BobS's Avatar
 
Drives: M3
Join Date: Feb 2009
Location: Jersey City, NJ

Posts: 1,601
iTrader: (0)

Are they going to extend or have any other programs after Jan 1st? I know this is probably a impossible question to answer but I'm parting out my 335 now and won't be able to look at a m3 till mid Jan
__________________

Evolve Supercharged E92 M3
BobS is offline  
0
Reply With Quote
      12-19-2012, 06:27 PM   #29
NHman
Lieutenant
 
Drives: 2013 M3 MR ZCP DCT
Join Date: Apr 2012
Location: NorthEast

Posts: 463
iTrader: (0)

Quote:
Originally Posted by BobS View Post
Are they going to extend or have any other programs after Jan 1st? I know this is probably a impossible question to answer but I'm parting out my 335 now and won't be able to look at a m3 till mid Jan
I don't know and I suspect the information will not be available until the current program expires. However, assuming that you would be taking delivery within 60 days and financing through BMW Financial, the existing program would still apply. Simply submit a credit application through your dealer.

My guess it that some type of incentive would be available as the M3 is in the final year of production. The demand seems to be there but search the auto websites and you'll find a lot of coupes and verts available.

I am planning on securing a deal sometime between mid to late January for late April to early May delivery (possibly PCD).

The year-end program is good for a M3. If leasing, the residual is now 59/61/62 for 15k/12k/10k respectively. Combine this with Holiday, Loyalty and BMW Apps plus include MSD's, it would make for a low payment.
NHman is offline  
0
Reply With Quote
      12-19-2012, 06:40 PM   #30
BobS
Lieutenant Colonel
 
BobS's Avatar
 
Drives: M3
Join Date: Feb 2009
Location: Jersey City, NJ

Posts: 1,601
iTrader: (0)

I'm between leasing and buying a cpo 2010-2011, but I want to part out my 335 first so I'm not in a rush. I need the car once spring comes bc I won't want it during the winter and it's not my DD. I'm sure there will be more programs....
__________________

Evolve Supercharged E92 M3
BobS is offline  
0
Reply With Quote
      12-19-2012, 07:01 PM   #31
Hothonda
***EX-NSX***
 
Hothonda's Avatar
 
Drives: 2013 Carrera S
Join Date: Nov 2012
Location: West Coast

Posts: 160
iTrader: (0)

Quote:
Originally Posted by NHman View Post
Minimum of 4 payments and $7500. Still a good deal weighing interest paid vs. credit applied.
Doubtful there's a minimum time you have to wait to pay off the note.
I believe the dealer would like you to wait (to get a financing kicker), but can not make you pay a certain number of installments & interest....that would be "usury" in legal terms.

Check your financing paperwork...it's not part of the contract.

BMW financial will give you your payoff number online or over the phone good for a certain number of days regardless of how long you've had the loan.

You pay them - they send you the title.
__________________


2013 991 Carrera S
Hothonda is offline  
0
Reply With Quote
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
Forum Jump


All times are GMT -5. The time now is 06:56 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
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