Quote:
Originally Posted by Kief
It appears as long as you are a Penfed member for 30-days, you can then receive the code. As for APR, I just added a random Chicago dealer (it looks like you are from ChiTown?) to BMWUSA and searched offers and 2.99% was noted. Not sure why they are quoting you 3.99% unless your term is beyond 60 months.
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They're probably just marking it up to get back some of the discount they're offering on the front end. My dealer did the same and I got them down to 3.49%. Given I'm financing only half of my car, it cost about $500 over the course of the loan so I factored that in when negotiating the front end discount which ended up at 10% off. End of the day, I probably could have gotten maybe 1% more off the total price of the car but they stuck to their guns and I didn't have the time to shop around.