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
 
EXXEL Distributions
Post Reply
 
Thread Tools Search this Thread
      04-06-2022, 07:42 PM   #1
dantm3
Major
United_States
631
Rep
1,230
Posts

Drives: 2022 M3 Xdrive
Join Date: Mar 2010
Location: austin, tx

iTrader: (0)

E90/e92 financing

Has anyone found a bank that will finance an e9x at market value. My credit union only uses nadaguides and value on an e90 I am looking at comes in at 21k but he is asking 37k.. I have money to put down but would rather keep those funds for maintenance/rod bearings and of course mods haha.. any idea of a bank that might get closer to what these are selling for.
Appreciate 0
      04-08-2022, 06:14 PM   #2
oolas3
Captain
387
Rep
876
Posts

Drives: BMW
Join Date: May 2015
Location: United States

iTrader: (0)

Try DCU credit union.
Appreciate 0
      04-08-2022, 06:26 PM   #3
SAMM3Y
Colonel
SAMM3Y's Avatar
3085
Rep
2,747
Posts

Drives: 2008 m3
Join Date: Feb 2018
Location: NorCal

iTrader: (2)

Lightstream
__________________
9ers
Appreciate 1
      05-02-2023, 09:15 PM   #4
CHE///MIST3
Captain
CHE///MIST3's Avatar
United_States
371
Rep
615
Posts

Drives: E92 M3 6MT Space/Black
Join Date: Mar 2015
Location: Houston, TX

iTrader: (6)

Garage List
2009 BMW M3  [0.00]
2007 BMW 328i  [0.00]
Almost all credit unions will use NADA values which are stupidly low. In fact, they value cars with sunroof and auto trans as a little more valuable and even if you go in and quadruple the miles on the calculator it barely makes a difference.

If you have good credit and decent income use Lightstream you may be able to score 8-9% interest on the amount you want.
Appreciate 0
      05-03-2023, 11:22 PM   #5
VR1
Second Lieutenant
United_States
628
Rep
279
Posts

Drives: E92 M3 Comp
Join Date: Jul 2012
Location: Houston, TX

iTrader: (0)

https://www.dcu.org/about/rates.html

I've used these guys. They don't care about book values, you just put whatever the purchase price and loan amount is on the app.
Appreciate 0
      05-05-2023, 10:08 PM   #6
CHE///MIST3
Captain
CHE///MIST3's Avatar
United_States
371
Rep
615
Posts

Drives: E92 M3 6MT Space/Black
Join Date: Mar 2015
Location: Houston, TX

iTrader: (6)

Garage List
2009 BMW M3  [0.00]
2007 BMW 328i  [0.00]
Quote:
Originally Posted by VR1 View Post
https://www.dcu.org/about/rates.html

I've used these guys. They don't care about book values, you just put whatever the purchase price and loan amount is on the app.
Well, they turned ME down. Once I was accepted for the amount I wanted at a nice APR, they then asked me to give the seller an "intent of sale" form and when the rep started digging a little more she asked for the VIN and it was all downhill from there. They offered to finance barely like $23K of the car's selling price (approx $48K...and it is a very nice, low mileage example.

Frustratingly enough some credit unions are totally fine financing $48K for a 2012 Carrera S with 97,000 miles. NADA values are bizarre..
Appreciate 0
      05-07-2023, 04:47 PM   #7
BryanCO
Captain
854
Rep
703
Posts

Drives: E92 M3 997.1 GT3 G80 Manual
Join Date: Apr 2019
Location: Colorado Springs

iTrader: (0)

Quote:
Originally Posted by dantm3 View Post
Has anyone found a bank that will finance an e9x at market value. My credit union only uses nadaguides and value on an e90 I am looking at comes in at 21k but he is asking 37k.. I have money to put down but would rather keep those funds for maintenance/rod bearings and of course mods haha.. any idea of a bank that might get closer to what these are selling for.
You have a 22 M3? Assume its paid for (why else would you be looking for finance the full amount of a 10+ yr old car), so refinance that car.
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



All times are GMT -5. The time now is 04:44 PM.




m3post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
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