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      04-08-2009, 02:23 PM   #1
tgchiriga
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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
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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.
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      04-08-2009, 02:52 PM   #3
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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, 02:59 PM   #4
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Quote:
Originally Posted by skim View Post
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.
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      04-08-2009, 03:04 PM   #5
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Quote:
Originally Posted by skim View Post
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.
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      04-08-2009, 03:20 PM   #6
tgchiriga
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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.
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      04-08-2009, 03:26 PM   #7
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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
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      04-08-2009, 03:41 PM   #8
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Quote:
Originally Posted by Sedan_Clan View Post
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
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      04-08-2009, 04:05 PM   #9
tgchiriga
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Quote:
Originally Posted by jk6672 View Post
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.
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      04-08-2009, 04:34 PM   #10
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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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      04-08-2009, 04:52 PM   #11
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Quote:
Originally Posted by tgchiriga View Post
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.
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      04-09-2009, 12:13 PM   #12
tgchiriga
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Quote:
Originally Posted by FStop7 View Post
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?
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