Financing

tgchiriga · 04-08-2009, 02:23 PM

I keep noticing that alot of people are buying the M's, even these days. Where are people getting financing? and is it only people with 800 credit scores?

chris_b_owens · 04-08-2009, 02:38 PM

I can't speak for everyone else, but I got financed thru BMW for 2.9%. I put 10% down. I have a pretty good credit score in the mid 7's.

skim · 04-08-2009, 02:52 PM

2.9% is only applicable to 09. For 08, I got 7.9% so I went to a local CU, paid $10 to join and got 5.5%

thai357sig · 04-08-2009, 02:59 PM

Quote:

Originally Posted by skim

2.9% is only applicable to 09. For 08, I got 7.9% so I went to a local CU, paid $10 to join and got 5.5%

Boy did you miss out! I believe BMW Financing had the 08's for 0.9% @60 months just back in December and January! I also got the 2.9% on an 09'. Zero down! Credit score in the 700's.

Sedan_Clan · 04-08-2009, 03:04 PM

Quote:

Originally Posted by skim

2.9% is only applicable to 09. For 08, I got 7.9% so I went to a local CU, paid $10 to join and got 5.5%

I purchased my car when BMW was offering 0.9%/2.9% for 08 M3's. My credit score is in the mid-700's as well.

tgchiriga · 04-08-2009, 03:20 PM

Im a worse than you guys. my score is high 600. I probably shouldnt apply until things get better.
They were saying the Government is buying these loans from banks that lend right now to spur lending and buying, but I guess thats to people with 700+ scores.

TRZ06 · 04-08-2009, 03:26 PM

i put 75% down and financed the bal. with my CU, but I have a 10 year history with them and my score is mid 800s

jk6672 · 04-08-2009, 03:41 PM

Quote:

Originally Posted by Sedan_Clan

I purchased my car when BMW was offering 0.9%/2.9% for 08 M3's. My credit score is in the mid-700's as well.

same here. I put 2k down, but that doesn't even cover taxes. I am very happy to know that when I make my M payment only $50 goes to the bank

tgchiriga · 04-08-2009, 04:05 PM

Quote:

Originally Posted by jk6672

same here. I put 2k down, but that doesn't even cover taxes. I am very happy to know that when I make my M payment only $50 goes to the bank

thats must be a good feeling.

NugeMobile · 04-08-2009, 04:34 PM

I got 0.9%/60 months on my 2008. I put 10 grand down. Not a bad deal in this environment for financing.

FStop7 · 04-08-2009, 04:52 PM

Quote:

Originally Posted by tgchiriga

Im a worse than you guys. my score is high 600. I probably shouldnt apply until things get better.
They were saying the Government is buying these loans from banks that lend right now to spur lending and buying, but I guess thats to people with 700+ scores.

Right now BMWFS would probably approve you for 2.9% with a high 600 score provided you have good income, low debt, and no recent delinquencies.

tgchiriga · 04-09-2009, 12:13 PM

Quote:

Originally Posted by FStop7

Right now BMWFS would probably approve you for 2.9% with a high 600 score provided you have good income, low debt, and no recent delinquencies.

is that for brand new cars, or across the board?

04-08-2009, 02:23 PM	#1
tgchiriga New Member 0 Rep 18 Posts Drives: 2008 Red Volvo C30 Join Date: Apr 2008 Location: Somewhere in NY iTrader: (0)	Financing I keep noticing that alot of people are buying the M's, even these days. Where are people getting financing? and is it only people with 800 credit scores?
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04-08-2009, 02:38 PM	#2
chris_b_owens Private 5 Rep 52 Posts Drives: 2009 M3 Coupe Space Gray/Black Join Date: Apr 2006 Location: Mountain House, CA iTrader: (0)	I can't speak for everyone else, but I got financed thru BMW for 2.9%. I put 10% down. I have a pretty good credit score in the mid 7's. __________________ 2009 E92 ///M3 with 6 speed manual Space Grey with Black Leather and Carbon Leather Trim Premium Package, Technology Package, and Cold Weather Package Ipod Interface, Sattelite Radio, and Enhanced Premium Sound
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04-08-2009, 02:52 PM	#3
skim Captain 142 Rep 660 Posts Drives: 07 Z4MC Join Date: Nov 2007 Location: SoCal iTrader: (0)	2.9% is only applicable to 09. For 08, I got 7.9% so I went to a local CU, paid $10 to join and got 5.5%
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04-08-2009, 03:20 PM	#6
tgchiriga New Member 0 Rep 18 Posts Drives: 2008 Red Volvo C30 Join Date: Apr 2008 Location: Somewhere in NY iTrader: (0)	Im a worse than you guys. my score is high 600. I probably shouldnt apply until things get better. They were saying the Government is buying these loans from banks that lend right now to spur lending and buying, but I guess thats to people with 700+ scores.
	Appreciate 0 Quote

04-08-2009, 03:26 PM	#7
TRZ06 Lieutenant Colonel 629 Rep 1,755 Posts Drives: 16' M3 Join Date: Apr 2007 Location: Bay Area, CA iTrader: (0)	i put 75% down and financed the bal. with my CU, but I have a 10 year history with them and my score is mid 800s __________________ 18? Camaro 2SS 1LE 16' M3 MG Ext. /SO Int. (DCT, Ohlin R/T, 19" wheels) 15' Audi S4 13' Audi TTRS (APR stage 1, MSS springs) 09' C6 Z06 08' M3 Interlagos Blue: 6sp, Tech.
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04-08-2009, 04:34 PM	#10
NugeMobile Private First Class 13 Rep 152 Posts Drives: 2008 M3 (E90) Join Date: Jan 2009 Location: Los Angeles iTrader: (0)	I got 0.9%/60 months on my 2008. I put 10 grand down. Not a bad deal in this environment for financing.
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