Locking finance rate?

in13 · 01-16-2009, 12:42 PM

Currently the financing rate is 2.9% for an M3 til March 02. If I order a car today, am I locked into that rate?

BIGNTASTIE · 01-16-2009, 01:02 PM

yes, once you pay the deposit it should be locked.

in13 · 01-16-2009, 01:28 PM

will they let you float down if the rates drop?

elm3 · 01-16-2009, 02:30 PM

To my understanding they will, or so what the CA told me. I'm locked in at 2.9%, but if they drop the rate(which I doubt) I will get whatever lower rate they offer. But I could be wrong and he was just saying that.

schadenfreude · 01-16-2009, 05:02 PM

Quote:

Originally Posted by elm3

To my understanding they will, or so what the CA told me. I'm locked in at 2.9%, but if they drop the rate(which I doubt) I will get whatever lower rate they offer. But I could be wrong and he was just saying that.

My CA verified this...

lincoln · 01-16-2009, 07:01 PM

Quote:

Originally Posted by elm3

To my understanding they will, or so what the CA told me. I'm locked in at 2.9%, but if they drop the rate(which I doubt) I will get whatever lower rate they offer. But I could be wrong and he was just saying that.

+1

Tebow · 01-20-2009, 05:44 PM

Quote:

Originally Posted by in13

will they let you float down if the rates drop?

Yes. I've did it when purchasing mine.

JW_BMW · 01-20-2009, 05:57 PM

Quote:

Originally Posted by in13

Currently the financing rate is 2.9% for an M3 til March 02. If I order a car today, am I locked into that rate?

Rate locks are good up to 60 days from program end date and 90 days from program end date in the west region.

IS350 · 01-25-2009, 11:25 PM

Is the 2.9% good for up to 6 years?

ColoCane · 01-25-2009, 11:33 PM

I just ordered last week. Rate at 2.9% is a 60-day lock. If rates drop, you go down to the lower rate. CA also said if there were issues with production/delivery, they could extend or re-lock the rate.

positiveions · 01-26-2009, 12:17 PM

hmmm I don't know though. what if BMW dropped the rate? Will they honor the new rate?

thai357sig · 01-26-2009, 04:12 PM

Quote:

Originally Posted by eatrach73

hmmm I don't know though. what if BMW dropped the rate? Will they honor the new rate?

Yes.

01-16-2009, 12:42 PM	#1
in13 Private 2 Rep 50 Posts Drives: 330i Join Date: Nov 2006 Location: Southeast iTrader: (0)	Locking finance rate? Currently the financing rate is 2.9% for an M3 til March 02. If I order a car today, am I locked into that rate?
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01-16-2009, 01:02 PM	#2
BIGNTASTIE Lieutenant 35 Rep 589 Posts Drives: white/red 08 M3, 05 Rangerover Join Date: Jul 2008 Location: queens, NY iTrader: (0)	yes, once you pay the deposit it should be locked. __________________ hi
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01-16-2009, 01:28 PM	#3
in13 Private 2 Rep 50 Posts Drives: 330i Join Date: Nov 2006 Location: Southeast iTrader: (0)	will they let you float down if the rates drop?
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01-16-2009, 02:30 PM	#4
elm3 ///M Fan 366 Rep 2,159 Posts Drives: '09 E92 M3 IB/'17 f85 X5M LBB Join Date: Sep 2008 Location: Canton, GA. iTrader: (1) Garage List 2017 BMW / X5M [9.00] 2009 E92 M3 [10.00] 2004 Yamaha R1 [10.00]	To my understanding they will, or so what the CA told me. I'm locked in at 2.9%, but if they drop the rate(which I doubt) I will get whatever lower rate they offer. But I could be wrong and he was just saying that. __________________ '09 E92 ///M3 Interlagos Blue,6MT,Silver Novillo Leather,CF Trim,Premium Package,Technology Package,Cold Weather Package,Premium Sound,19"Wheels,Moonroof-Toy/'17 X5M, Long Beach Blue, Executive Package,Technology Package, Lighting Package, Driver Assist, Full Mughello Red Interior, 21" wheels-Toy/'14 535i with M Sport and 19" wheels-Daily
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01-25-2009, 11:25 PM	#9
IS350 IS350 to IS-F to M3 and M4 117 Rep 803 Posts Drives: 2015 i8 Join Date: Aug 2007 Location: South Carolina iTrader: (0)	Is the 2.9% good for up to 6 years?
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01-25-2009, 11:33 PM	#10
ColoCane Second Lieutenant 9 Rep 280 Posts Drives: 2009 E92 M3 Join Date: Aug 2008 Location: Denver, CO iTrader: (0)	I just ordered last week. Rate at 2.9% is a 60-day lock. If rates drop, you go down to the lower rate. CA also said if there were issues with production/delivery, they could extend or re-lock the rate.
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01-26-2009, 12:17 PM	#11
positiveions Lieutenant General 961 Rep 11,722 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	hmmm I don't know though. what if BMW dropped the rate? Will they honor the new rate?
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