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      04-21-2012, 08:35 AM   #1
wyndnmyfac
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PENFED balloon vs. BMWFS lease

I am determined to figure out the cheapest way to pick up a new M3. I used the BMW select plan on my 09 E93 328 and the financing was based off of 1.9% for 60 months. Wished I had got an M3 instead. Now that advantage is gone I was thinking of a lease. While I was crunching the lease #'s I noticed several forum members reference PENFED credit union's balloon option and I was curious to see if anyone on here has used them recently for ED or just simple dealer delivery?
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      04-21-2012, 09:49 AM   #2
SamS
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I used PenFed for ED. 60 month purchase, 2.49%.
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      04-21-2012, 07:23 PM   #3
chuxdelux
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I have my loan for my BOSS 302 through Pen Fed @ 2.49% as well. When I purchase a m3 I will use them as well. They are a great credit union to purchase through.
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      04-24-2012, 02:28 AM   #4
Bpark1977
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I work in finance and I know the prime lenders are giving out as low as 1.49% to people with strong credit. Is BMW not offering 1.9% on M3's?
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      04-24-2012, 03:15 AM   #5
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looks like the most they will finance is 70k bummer guess this means no M5 financing from them.
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      04-24-2012, 05:38 AM   #6
wyndnmyfac
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Just by using the calculator, there seems to be an advantage getting a current year car used with low miles.
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      04-24-2012, 06:03 AM   #7
Rshane
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Quote:
Originally Posted by dadealus View Post
looks like the most they will finance is 70k bummer guess this means no M5 financing from them.
Just put down the difference in cash. IMO it really isn't a good idea to finance the entire purchase price of the car.
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      04-24-2012, 10:59 AM   #8
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I use Star One Credit Union and have 2.5% for 60 months. Seems to be the lowest rate so far, from what I am seeing in the above posts.
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      04-24-2012, 11:00 AM   #9
italyix
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Quote:
Originally Posted by Bpark1977 View Post
I work in finance and I know the prime lenders are giving out as low as 1.49% to people with strong credit. Is BMW not offering 1.9% on M3's?
They are not from what I was told. the lowest I was able to get from BMW was 4.9 and my credit score is 833.
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      04-24-2012, 11:21 AM   #10
Z K
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Pen Fed is now doing 1.9% for up to 60 months on new and used cars.
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      04-24-2012, 03:36 PM   #11
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about 2 years back I got my financing with BMW 0.9% on all M vehicles. Of course they dont have it anymore.
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      04-25-2012, 08:27 PM   #12
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I take delivery of my new E92 soon. USAA and Navy federal both offering 1.79% for up to 60 months on new cars.
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