04-03-2013, 05:31 AM | #1 |
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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 Blue 335i |
04-03-2013, 06:57 AM | #3 |
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Current rate is 6.99%
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04-04-2013, 03:49 AM | #7 |
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04-24-2013, 05:32 PM | #10 |
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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, 07:40 AM | #14 |
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That's the UK
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, 07:40 AM | #16 |
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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, 07:00 PM | #19 |
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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, 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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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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