.9% financing GONE in November???

PKL · 10-11-2010, 09:18 AM

So according to bmwusa.com it says the .9% financing for 36 months on the M3 will end this November.

few questions here...

has the .9% been consistent since the intro of the E9x M3? Or has it fluctuated? I was under the impression that .9% has been available the whole time the E9x has been offered.

Either way... if it truly ends in November, do you guys think it will go up to 3.9% or something like that, or a modest increase to 1.9%?

I really want to wait until January to order my new M3 but I REALLY want .9% financing too....

Any help is appreciated...

trendy26 · 10-11-2010, 09:20 AM

The 0.9% was also only through the beginning of October, then they extended it from 24 months to 36 months. It is basically on a month to month basis. They may keep it, they may not, or they may extend it further than 36 months for November. Only time will tell...

FStop7 · 10-11-2010, 10:13 AM

There are no guarantees but I suspect they'll extend it. And .9% financing has not been available for the entire run of the E9x M3. Far from it.

PKL · 10-11-2010, 10:22 AM

Quote:

Originally Posted by FStop7

There are no guarantees but I suspect they'll extend it. And .9% financing has not been available for the entire run of the E9x M3. Far from it.

Any chance you have a reason why you suspect they will extend it? That would be fantastic news. Really hope that happens.

radiantm3 · 10-11-2010, 10:34 AM

My SA said if I filled out and signed the application now, I'd be locked into the 1.9 apr (doing 48 or 60 month). But my car will be here a few days into Nov. at the very latest. Either he knows something about the special sticking around at least for another month, or there's some flexibility there. Maybe talk to your SA?

kscarrol · 10-11-2010, 10:46 AM

radiantM3, you can lock in the rate BMW is offering for 60 days so you will be covered until delivery in Nov. As my CA explained it is 60 days from what BMW is offering so if BMW is offering the 1.9% through Oct 31st, then you will lock in that rate until Dec 31st, even if you signed on Oct 2nd.

PKL, as for BMW extending the special rates, BM has been impacted by the weak economy just like all the auto makers. With interest rates very low in general they can pass that along to sweeten deals and help drive sales. Given that things have not really improved I would not be surprised to see BMW extend the offer in to Nov...

FStop7 · 10-11-2010, 10:48 AM

Quote:

Originally Posted by PKL

Any chance you have a reason why you suspect they will extend it? That would be fantastic news. Really hope that happens.

Because the economy sucks and BMW wants to keep selling cars.

Like I said, there are no guarantees. If losing it is a dealbreaker then you should definitely try to take advantage of it now rather than risk losing it.

cipher5 · 10-11-2010, 11:14 AM

Once you get approved, I believe you lock in the rate for up to 60 days.

PKL · 10-11-2010, 11:32 AM

Yes, my dealer told me about locking in the rate for 60 days. That is 60 days to COMPLETE PURCHASE of the car though, correct? Not 60 days to order, or whatever. So if you locked in your rate, what if the car took longer than 60 days to arrive to your dealer??

Anyway, I am hoping that due to the great recession this .9% will still be available to me when I order my new car on my birthday on 1/29.

cipher5 · 10-11-2010, 11:38 AM

Quote:

Originally Posted by PKL

Yes, my dealer told me about locking in the rate for 60 days. That is 60 days to COMPLETE PURCHASE of the car though, correct? Not 60 days to order, or whatever. So if you locked in your rate, what if the car took longer than 60 days to arrive to your dealer??

Anyway, I am hoping that due to the great recession this .9% will still be available to me when I order my new car on my birthday on 1/29.

Yes date of purchase, not order. If you can swing it now, I'd order. Usually the finance deals are there to move year end production slots.

dardeca · 10-11-2010, 11:38 AM

As many have said, you can lock in for 60 days. That said, the 0.9% and 1.9% financing have been around for a while now. I don't expect them to change anytime soon given the continued challenges with our economy.

PKL · 10-11-2010, 11:41 AM

Quote:

Originally Posted by Anup@Project 808

Yes date of purchase, not order. If you can swing it now, I'd order. Usually the finance deals are there to move year end production slots.

Didn't 2011 production more or less just begin? so your statement confuses me?

wouldn't model year 2011 end production be this upcoming spring? so a 1/29 order would make sense?

cipher5 · 10-11-2010, 02:48 PM

Quote:

Originally Posted by PKL

Didn't 2011 production more or less just begin? so your statement confuses me?

wouldn't model year 2011 end production be this upcoming spring? so a 1/29 order would make sense?

Production slots, not production year, so they have slotted a certain amount of cars to be made this year and they hope to sell them before end of this year. Thus you'll see these finance deals in the last quarter or so to move these cars. So I'm saying its more likely for you to get .9 or 1.9 now than in Jan/Feb.

PKL · 10-11-2010, 03:00 PM

Quote:

Originally Posted by Anup@Project 808

Thus you'll see these finance deals in the last quarter or so to move these cars. So I'm saying its more likely for you to get .9 or 1.9 now than in Jan/Feb.

here's hoping for .9% in January. that'd make me a happy birthday boy.

10-11-2010, 09:18 AM	#1
PKL Brigadier General 848 Rep 3,274 Posts Drives: 2020 M4, 2022 X6 Join Date: Oct 2008 Location: San Fernando Valley iTrader: (1)	.9% financing GONE in November??? So according to bmwusa.com it says the .9% financing for 36 months on the M3 will end this November. few questions here... has the .9% been consistent since the intro of the E9x M3? Or has it fluctuated? I was under the impression that .9% has been available the whole time the E9x has been offered. Either way... if it truly ends in November, do you guys think it will go up to 3.9% or something like that, or a modest increase to 1.9%? I really want to wait until January to order my new M3 but I REALLY want .9% financing too.... Any help is appreciated... __________________
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10-11-2010, 09:20 AM	#2
trendy26 Captain 424 Rep 965 Posts Drives: 2017 F82 M4 Join Date: Nov 2008 Location: Florida iTrader: (0)	The 0.9% was also only through the beginning of October, then they extended it from 24 months to 36 months. It is basically on a month to month basis. They may keep it, they may not, or they may extend it further than 36 months for November. Only time will tell...
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10-11-2010, 10:13 AM	#3
FStop7 I like cars 329 Rep 5,052 Posts Drives: M6 Join Date: Oct 2008 Location: Newbury Park, CA iTrader: (3)	There are no guarantees but I suspect they'll extend it. And .9% financing has not been available for the entire run of the E9x M3. Far from it.
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10-11-2010, 10:34 AM	#5
radiantm3 Apex Everything! 976 Rep 4,378 Posts Drives: 2007 Honda S2000, 2017 GT350 Join Date: Sep 2008 Location: Cedar Park, TX iTrader: (6) Garage List 2011 E92 M3 [9.35] 2014 BMW i3 [10.00]	My SA said if I filled out and signed the application now, I'd be locked into the 1.9 apr (doing 48 or 60 month). But my car will be here a few days into Nov. at the very latest. Either he knows something about the special sticking around at least for another month, or there's some flexibility there. Maybe talk to your SA? __________________ 2011 E92 M3(Sold). 2007 Honda S2000 (Track Car). 2016 Cayman GT4 (Sold). 2017 Shelby GT350 (AKA Crowd Killer). My pet project: https://stickershift.com
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10-11-2010, 10:46 AM	#6
kscarrol Brigadier General 8912 Rep 4,107 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	radiantM3, you can lock in the rate BMW is offering for 60 days so you will be covered until delivery in Nov. As my CA explained it is 60 days from what BMW is offering so if BMW is offering the 1.9% through Oct 31st, then you will lock in that rate until Dec 31st, even if you signed on Oct 2nd. PKL, as for BMW extending the special rates, BM has been impacted by the weak economy just like all the auto makers. With interest rates very low in general they can pass that along to sweeten deals and help drive sales. Given that things have not really improved I would not be surprised to see BMW extend the offer in to Nov... __________________ 2021 X3 M40i 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
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10-11-2010, 11:14 AM	#8
cipher5 506 Rep 3,469 Posts Drives: 2020 Donington Grey X3M Comp Join Date: Jul 2007 Location: Chicago, IL iTrader: (12)	Once you get approved, I believe you lock in the rate for up to 60 days.
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10-11-2010, 11:32 AM	#9
PKL Brigadier General 848 Rep 3,274 Posts Drives: 2020 M4, 2022 X6 Join Date: Oct 2008 Location: San Fernando Valley iTrader: (1)	Yes, my dealer told me about locking in the rate for 60 days. That is 60 days to COMPLETE PURCHASE of the car though, correct? Not 60 days to order, or whatever. So if you locked in your rate, what if the car took longer than 60 days to arrive to your dealer?? Anyway, I am hoping that due to the great recession this .9% will still be available to me when I order my new car on my birthday on 1/29. __________________
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10-11-2010, 11:38 AM	#11
dardeca Major 500 Rep 1,313 Posts Drives: 2019 M5 Competition Join Date: Jul 2010 Location: Dallas iTrader: (2)	As many have said, you can lock in for 60 days. That said, the 0.9% and 1.9% financing have been around for a while now. I don't expect them to change anytime soon given the continued challenges with our economy. __________________ E92 M3 Supplemental manual p.38: "The laws of physics cannot be repealed, even with DSC."
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