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Screw BMW Financing (archive)

[ Follow Ups ] [ 3-series (E46) Message Board ] [ Msg. Board FAQ ]

Posted by JL on September 20, 1999 at 23:08:07:

In Reply to: Re: BMW Finance Rates posted by Fred on September 20, 1999 at 21:55:10:

: : Anyone know what BMW Finance is asking for rates. If you have the info, please give the breakdown for 3, 4, and 5 years.

: : Thanks,

: : Mike

: My dealer gave me the rate of 7.4%.

BMWFS wouldn't approve me for enough money or at a competitive interest rate. I only wanted to borrow enough to pay for a bit less than 2/3 of the car (about 20k). Carfinance.com approved me in minutes for more $ than I asked for and at 6.99% (though that was a few months ago and their rate is higher now). Since they're part of NationsBank/BankAmerica/Bank of Borg, and my main checking account is with NationsBank, I can view my car loan in NationsBank Online over the net. I haven't tried it yet, but I'm pretty sure I can pay car loan payments over the net by just transfering money from checking/savings into carloan. If that weren't convenient enough, the office building I work in has a NationsBank on the first floor, so I paid my first payment in the lobby on the way out to lunch.


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