US Delivery and European Delivery Money Factors for 1st and 2nd tier credit approval

KnightsCapone · 02-15-2010, 02:23 PM

So the base rate at .00245 on M3 lease for 2010 is for credit above 740..if I come in between 700-740 I get a rate increase...anybody know how much this is for both US delivery and European delivery...as well as the base rate money factor for european delivery?

outie · 02-15-2010, 04:06 PM

I don't know what the rate is if you don't have tier1 credit, but the ED MF is the same as whatever is available now for US delivery +0.0003.

KnightsCapone · 02-15-2010, 06:52 PM

I was told that the Money factor is higher if your doing European delivery and that there are different tiers as far as credit score is concerned

outie · 02-15-2010, 09:27 PM

Yes, ED MF is +0.0003 higher.

KnightsCapone · 02-15-2010, 09:43 PM

So if my MF is .00206 the with ED it would be .00230 then?

KnightsCapone · 02-15-2010, 09:46 PM

Or .00236 ?

EJ_92606 · 02-18-2010, 10:47 PM

The .0003 adder is optional and if you accept it your second payment is free to account for time on the ship. These are base rates we are talking about and are often marked up by the dealer, so you need to negotiate your best deal.

outie · 02-19-2010, 01:37 AM

Unfortunately, the 0.0003 adder is *not* optional. They do this to cover your 2nd free payment, and you cannot just opt to pay the 2nd month and not get the adder. If you do the math the 0.0003 will probably cost more than a month of payment.

KnightsCapone · 02-19-2010, 10:31 AM

On the base rate money factor of .00245..for all M3s right now...anybody know if this can change to different tiers based on credit.

I was told I was approved for the second tier which was .00265 after my credit application was submitted...but I was also told that with M3s and BMW if its standard rates for money factor your either approved or rejected based on credit and that standard rate of .00245 will never change.

If your approved you get .00245
If rejected credit you get nothing...

Anybody....

02-15-2010, 02:23 PM	#1
KnightsCapone A pure fighting machine with only one desire - Win 21 Rep 280 Posts Drives: 2014 F10 M5 & 2015 F15 X5 5.0L Join Date: Dec 2008 Location: SLC, Utah iTrader: (3)	US Delivery and European Delivery Money Factors for 1st and 2nd tier credit approval So the base rate at .00245 on M3 lease for 2010 is for credit above 740..if I come in between 700-740 I get a rate increase...anybody know how much this is for both US delivery and European delivery...as well as the base rate money factor for european delivery? Last edited by KnightsCapone; 02-15-2010 at 04:00 PM..
	Appreciate 0 Tweet Quote

02-15-2010, 04:06 PM	#2
outie Lieutenant 92 Rep 566 Posts Drives: 2022 Porsche Taycan GTS Join Date: Feb 2009 Location: CA iTrader: (0) Garage List 2022 Tesla Model X [0.00] 2023 McLaren 720S S ... [0.00] 2022 Porsche Taycan ... [0.00]	I don't know what the rate is if you don't have tier1 credit, but the ED MF is the same as whatever is available now for US delivery +0.0003.
	Appreciate 0 Quote

02-15-2010, 06:52 PM	#3
KnightsCapone A pure fighting machine with only one desire - Win 21 Rep 280 Posts Drives: 2014 F10 M5 & 2015 F15 X5 5.0L Join Date: Dec 2008 Location: SLC, Utah iTrader: (3)	I was told that the Money factor is higher if your doing European delivery and that there are different tiers as far as credit score is concerned
	Appreciate 0 Quote

02-15-2010, 09:27 PM	#4
outie Lieutenant 92 Rep 566 Posts Drives: 2022 Porsche Taycan GTS Join Date: Feb 2009 Location: CA iTrader: (0) Garage List 2022 Tesla Model X [0.00] 2023 McLaren 720S S ... [0.00] 2022 Porsche Taycan ... [0.00]	Yes, ED MF is +0.0003 higher.
	Appreciate 0 Quote

02-15-2010, 09:43 PM	#5
KnightsCapone A pure fighting machine with only one desire - Win 21 Rep 280 Posts Drives: 2014 F10 M5 & 2015 F15 X5 5.0L Join Date: Dec 2008 Location: SLC, Utah iTrader: (3)	So if my MF is .00206 the with ED it would be .00230 then?
	Appreciate 0 Quote

02-15-2010, 09:46 PM	#6
KnightsCapone A pure fighting machine with only one desire - Win 21 Rep 280 Posts Drives: 2014 F10 M5 & 2015 F15 X5 5.0L Join Date: Dec 2008 Location: SLC, Utah iTrader: (3)	Or .00236 ?
	Appreciate 0 Quote

02-18-2010, 10:47 PM	#7
EJ_92606 Ultimate Driving Machine 16 Rep 381 Posts Drives: '13 F10 550i; '11 R1200GS Join Date: Apr 2008 Location: So. Cal iTrader: (1)	The .0003 adder is optional and if you accept it your second payment is free to account for time on the ship. These are base rates we are talking about and are often marked up by the dealer, so you need to negotiate your best deal.
	Appreciate 0 Quote

02-19-2010, 01:37 AM	#8
outie Lieutenant 92 Rep 566 Posts Drives: 2022 Porsche Taycan GTS Join Date: Feb 2009 Location: CA iTrader: (0) Garage List 2022 Tesla Model X [0.00] 2023 McLaren 720S S ... [0.00] 2022 Porsche Taycan ... [0.00]	Unfortunately, the 0.0003 adder is not optional. They do this to cover your 2nd free payment, and you cannot just opt to pay the 2nd month and not get the adder. If you do the math the 0.0003 will probably cost more than a month of payment.
	Appreciate 0 Quote

02-19-2010, 10:31 AM	#9
KnightsCapone A pure fighting machine with only one desire - Win 21 Rep 280 Posts Drives: 2014 F10 M5 & 2015 F15 X5 5.0L Join Date: Dec 2008 Location: SLC, Utah iTrader: (3)	On the base rate money factor of .00245..for all M3s right now...anybody know if this can change to different tiers based on credit. I was told I was approved for the second tier which was .00265 after my credit application was submitted...but I was also told that with M3s and BMW if its standard rates for money factor your either approved or rejected based on credit and that standard rate of .00245 will never change. If your approved you get .00245 If rejected credit you get nothing... Anybody....
	Appreciate 0 Quote