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Originally Posted by natahoa
I can get 2.99% for up to five years. No idea why your dealer can’t offer you that, but when I shopped loans I got under 3.5 % from Bank of America. They have been calling me ever since to follow up.
However if you don’t use BMW finance you don’t get a $2,000 rebate. You can pay off the loan any time after three payments, I believe. So if your rate is that high you might want to use bmw for the finance incentives but get a better loan in a few months.
Play hardball. You will get your deposit back if you don’t take the car. If I don’t get good finance or lease terms, I’m fully prepared to walk. I might be crying all the way home, but I’ll do it if needed.
Also, this Saturday bmw will reveal its June incentives. Your dealer should offer you those if they are better than the May incentives. Dealers don’t know in advance, but my dealer says he will know by Saturday.
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What state is that dealer located in? I am in New Jersey.