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      04-03-2013, 05:31 AM   #1
white 125M
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BMW Finance

Hi All,

We're looking at buying either a 118i or a 125i hatch and am also thinking of financing through BMW (Australia). Just wondering if any of the Aussie owners out there have any advice, tips or suggestions on how to get the best deal and does anyone know what sort of interest rate they're offering?

Thanks

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      04-03-2013, 06:32 AM   #2
mdt
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A friend of mine got just under 7% in late January from BMW Australia.
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      04-03-2013, 06:57 AM   #3
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Current rate is 6.99%
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      04-04-2013, 12:36 AM   #4
majortruevil
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They guarantee trade in price as well I believe which is good, locks in your future value. It's called BMW full circle.
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      04-04-2013, 01:35 AM   #5
white 125M
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Thanks everyone
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      04-04-2013, 02:22 AM   #6
tkburn
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I managed 5,2% , im in South africa though and our prime rate is already a low 8,5%
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      04-04-2013, 03:49 AM   #7
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Quote:
Originally Posted by cozza View Post
Current rate is 6.99%
I was quoted better than this. haggle! It seems the finance managers have quite a bandwidth in which they can negotiate.
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      04-10-2013, 06:44 AM   #8
white 125M
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Interesting. I've been quoted 7.25%
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      04-24-2013, 07:24 AM   #9
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Just got offered 6.9% - anyone done better recently (Australia)
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      04-24-2013, 05:32 PM   #10
white 125M
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Was that through BMW? I'm trying a few other places but Stratton's say that they could get a better deal from BMW Finance, but only if I wasn't buying a BMW because they would then be competing with the BMW dealers. So, makes me wonder then why we dont get as good a deal from the dealer!
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      04-25-2013, 03:15 AM   #11
georgie
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Yes through BMW for a 125i with the full circle program
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      04-25-2013, 03:28 AM   #12
white 125M
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Wow, interesting, I'll see if my dealer will stump up for that
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      04-25-2013, 04:13 AM   #13
RDowson
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I got 2% flat rate. Think that's like 5 or 6% APR.
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      04-25-2013, 07:40 AM   #14
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That's the UK

Quote:
Originally Posted by RDowson View Post
I got 2% flat rate. Think that's like 5 or 6% APR.
and the low rate is due to the fact that our economy is down the toilet and our Government is robbing us blind by printing money, then borrowing it at ridiculously low rates.

My mortgage is under 2%. With an inflation rate of 3% and cash invested in a long term fixed deposit of 5% it amounts to the bank paying me 3% to have a mortgage. If that's not screwed, I don't know what is.

Totally off topic.

Back on topic, interest rates are negotiable. Get on the internet and find the lowest rate loans then show them to BMW....at least in the UK, they'll negotiate the rate if you can show there are better rates for car loans
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      06-26-2013, 07:34 AM   #15
AdrianB
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Can anyone inform me of what interest rates they have received lately from BMW finance in Australia ?
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      06-26-2013, 07:40 AM   #16
white 125M
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I havent sealed the deal yet so I havent yet finalised my finance needs but I understand that BMW Finance has come down by about .25% so I'm guessing around 6.8 or thereabouts.
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      06-26-2013, 04:28 PM   #17
BenArcher
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2 weeks ago the standard rate was 6.99%. But if you have done your research you should be able to do better than that.
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      06-26-2013, 05:57 PM   #18
white 125M
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Yeah I need to re-start my research to work out what sort of number is doable.
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      06-26-2013, 07:00 PM   #19
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Quote:
Originally Posted by blue 335i View Post
I havent sealed the deal yet so I havent yet finalised my finance needs but I understand that BMW Finance has come down by about .25% so I'm guessing around 6.8 or thereabouts.
I was able to get 6% but that is last year but it should be better if i could get it last year. How many of you do residual? if so how many % over how many years? I was thinking of 55% over 5 years. What ya think?
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      06-26-2013, 07:33 PM   #20
ttimbo
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You'll be well under water after 5 years, I reckon. Look at around 30% max, I reckon
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      06-26-2013, 08:30 PM   #21
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Rates can very a little with the term.

I'de be very nervous about a 5/55 Kaitan - as ttimbo says, 30% as the maximum and 20-25% is safer, especially if you ever decide to sell some months early.
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      06-26-2013, 09:07 PM   #22
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Quote:
Originally Posted by johnnydad View Post
Rates can very a little with the term.

I'de be very nervous about a 5/55 Kaitan - as ttimbo says, 30% as the maximum and 20-25% is safer, especially if you ever decide to sell some months early.
hmmm thx guys, I mean you think after 5 years a $70k car will not be worth 31500 but less then that?

I mean looking at the pricing of the 135 ($80k)from new after 5 years it's still about $45k? Make sense?
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