BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
GTB Performance
Post Reply
 
Thread Tools Search this Thread
      04-21-2012, 08:35 AM   #1
wyndnmyfac
New Member
0
Rep
20
Posts

 
Drives: E93 328i (ret)
Join Date: Jan 2012
Location: VA

iTrader: (0)

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?
Appreciate 0
      04-21-2012, 09:49 AM   #2
SamS
Brigadier General
SamS's Avatar
61
Rep
4,568
Posts

 
Drives: 2013 ActiveHybrid 3
Join Date: Jul 2010
Location: Dallas, TX

iTrader: (0)

I used PenFed for ED. 60 month purchase, 2.49%.
Appreciate 0
      04-21-2012, 07:23 PM   #3
chuxdelux
Captain
10
Rep
638
Posts

 
Drives: 2005 e46 m3, 2013 Jetta TDI
Join Date: Jul 2011
Location: Honolulu,HI

iTrader: (1)

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.
Appreciate 0
      04-24-2012, 02:28 AM   #4
Bpark1977
Enlisted Member
0
Rep
37
Posts

 
Drives: E92 M3
Join Date: Mar 2012
Location: Orange county, ca

iTrader: (0)

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?
Appreciate 0
      04-24-2012, 03:15 AM   #5
dadealus
Second Lieutenant
United_States
4
Rep
210
Posts

 
Drives: 13'E92 M3
Join Date: Jan 2012
Location: Richmond Va

iTrader: (0)

looks like the most they will finance is 70k bummer guess this means no M5 financing from them.
Appreciate 0
      04-24-2012, 05:38 AM   #6
wyndnmyfac
New Member
0
Rep
20
Posts

 
Drives: E93 328i (ret)
Join Date: Jan 2012
Location: VA

iTrader: (0)

Just by using the calculator, there seems to be an advantage getting a current year car used with low miles.
Appreciate 0
      04-24-2012, 06:03 AM   #7
Rshane
M-Flight Member
Rshane's Avatar
United_States
13
Rep
1,087
Posts

 
Drives: 2011 E92 M3
Join Date: Jul 2010
Location: San Antonio, Texas

iTrader: (0)

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.
__________________
2011 Le Mans Blue M3// Black extended Novillo w/ Blue Grey Aluminum trim/DCT/ZTP/ZCW/ZPP/ZCP Premium Sound ///Akrapovic Evolution Exhaust

2012 Le Mans Blue 135i M Pkg DCT
2013 Ford F150 FX4 Supercrew
Appreciate 0
      04-24-2012, 10:59 AM   #8
italyix
Lieutenant
italyix's Avatar
United_States
6
Rep
575
Posts

 
Drives: '08 E90 M3
Join Date: Dec 2011
Location: Bay Area

iTrader: (3)

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.
Appreciate 0
      04-24-2012, 11:00 AM   #9
italyix
Lieutenant
italyix's Avatar
United_States
6
Rep
575
Posts

 
Drives: '08 E90 M3
Join Date: Dec 2011
Location: Bay Area

iTrader: (3)

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.
Appreciate 0
      04-24-2012, 11:21 AM   #10
Z K
Colonel
Z K's Avatar
United_States
26
Rep
2,167
Posts

 
Drives: E90 M3, MK6 GLI
Join Date: Jul 2011
Location: San Francisco

iTrader: (3)

Pen Fed is now doing 1.9% for up to 60 months on new and used cars.
Appreciate 0
      04-24-2012, 03:36 PM   #11
Optherion
Lieutenant
Optherion's Avatar
United_States
7
Rep
472
Posts

 
Drives: Prancing Horse
Join Date: Jun 2009
Location: SoCal & Vegas

iTrader: (0)

about 2 years back I got my financing with BMW 0.9% on all M vehicles. Of course they dont have it anymore.
__________________
Current Stable: Some Audi with a V10, Couple of BMW's, one F Car, and one P car. One lonely GT-R with all the Euros.
Appreciate 0
      04-25-2012, 08:27 PM   #12
jc05e46m3
Colonel
44
Rep
2,522
Posts

 
Drives: '15 YMB/SO M4
Join Date: Mar 2011
Location: SoCal

iTrader: (1)

I take delivery of my new E92 soon. USAA and Navy federal both offering 1.79% for up to 60 months on new cars.
__________________
'15 /// M4 - YMB/SO
'12 E92 ///M3 ZCP - AW/FR - Sold
'05 E46 ///M3 - TiAg/IR- Sold
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 06:38 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST