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Not all it is cracked up to be (archive)
[ Follow Ups ] [ 3-series (E46) Message Board ] [ Msg. Board FAQ ]
Posted by sp00f on June 19, 2000 at 09:34:36:

In Reply to: BMWFS "college graduate" program Q. posted by steve on June 18, 2000 at 22:54:29:

: Hi, I just read about this on bmwna website, but they didn't explain detail what the "competitive rates" were for leasing or financing. Did anyone get this program? I just graduated, and I just saw 3.8% apr on preowned bmws. I'm thinking about selling my Civic Si and getting a 323. Thanks!

: steve

I looked into this also when thinking about financing. It is not worth it for two reasons. 1) on new cars (not sure about pre-owned) there is NO SPEACIAL APR. Basically they will just approve your loan if you have no callateral and can show a steady income over (not sure of exact number) $50,000 a year.
2) They will ONLY GIVE YOU UP TO $25,000! That means your down payment is almost $15,000 depending on options. For example my $37,200 332ci would have required a $12,200 down payment.

This is why I decided to get someone to co-sign. Best of luck either way.

sp00f

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