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      07-18-2010, 11:45 PM   #23
FStop7
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Things are tightened up, it takes more than a high score these days. BMW FS is pretty good to work with once you're in, though. They take prior history into consideration and all.
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      07-19-2010, 08:45 PM   #24
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Quote:
Originally Posted by trendy26 View Post
LOL.... Goin to Vegas a couple times this year. As you can imagine, need to conserve as much cash as I can.... No telling how much is gonna be blown out there!

On a more serious note, just prefer to borrow more $$$$ at 1.9%, cuz I could earn more than that by investing my money.... At the end of the day, just confused as to why BMW is so strict, and if this was a norm for them to ask....
If you are using "cuz" in a sentence, you are not earning more than 1.9%. Just put the 10% down. You'll be happy you did later.
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      07-19-2010, 10:17 PM   #25
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Originally Posted by Money2536 View Post
If you are using "cuz" in a sentence, you are not earning more than 1.9%. Just put the 10% down. You'll be happy you did later.
WOW!!!!! This has to be the most naive, yet amusing reply to a threaded discussion. I apologize for not using proper english in this informal setting. What could I have been thinking???? I couldn't possibly have my MBA by using words like that, correct?

I used the word "Cuz." That definitely means I have no idea how to properly invest my money, and have no financial sense at all whatsoever. Good judge of character buddy!
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      07-22-2010, 07:12 PM   #26
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What is a BMW select loan and how does that differ from a standard car loan?
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      07-22-2010, 09:00 PM   #27
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What is a BMW select loan and how does that differ from a standard car loan?
It's been discussed before, but basically you finance only a portion of the car (66% IIRC) and the remainder of the balance is due at the end as a balloon payment. Ex: your price is $70k for the car with tax, etc, but only finance ~46k (66%). At the end of the term, you owe 24k + interest in 1 lump sum, or you can re-fi that again. It basically lowers your monthly and leaves you holding the bag at the end of the term.. For some people it might make sense, but I think a traditional loan is better.
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