Try out the new beta site for G05/Bimmerpost. You can read more about what's happening here
BMW X5
BMW Garage BMW Meets Register Today's Posts

Post Reply
 
Thread Tools
      01-02-2019, 08:59 AM   #1
First BMW
Private
28
Rep
99
Posts

Drives: X5 on order
Join Date: Dec 2018
Location: TEXAS

iTrader: (0)

Financing Through Bmw and then Refinance?

I am thinking about going with BMWFS to get the $2k but considering to refinance with my credit union (slightly better rate and able to pay via credit card) Has anyone ever done this? anything I should worry about?
Appreciate 0
      01-02-2019, 09:24 AM   #2
desirusso
Private First Class
desirusso's Avatar
23
Rep
100
Posts

Drives: 06 E90 SG
Join Date: Jul 2006
Location: SoCal

iTrader: (0)

Garage List
2006 330i  [0.00]
I hope you're getting more than 2k off the car! I think we got 8k off with all the rebates and discounts then they gave us great money on our trade.
__________________
2019 X5 M Sport Alpine White
Coffee interior , Matt trim
Appreciate 0
      01-02-2019, 09:36 AM   #3
Mark609
Banned
United_States
180
Rep
404
Posts

Drives: 2019 G05 Xline
Join Date: Dec 2018
Location: Central Texas

iTrader: (0)

Quote:
Originally Posted by desirusso View Post
I hope you're getting more than 2k off the car! I think we got 8k off with all the rebates and discounts then they gave us great money on our trade.
Could you please list those? So far I'm getting 93% of MSRP and the 2,000 rebate on financing. Plan to pay that off ASAP but need to nail down the terms first. Last day for me to wrap up this deal.
Appreciate 0
      01-02-2019, 09:38 AM   #4
Mark609
Banned
United_States
180
Rep
404
Posts

Drives: 2019 G05 Xline
Join Date: Dec 2018
Location: Central Texas

iTrader: (0)

Quote:
Originally Posted by First BMW View Post
I am thinking about going with BMWFS to get the $2k but considering to refinance with my credit union (slightly better rate and able to pay via credit card) Has anyone ever done this? anything I should worry about?
This is what Austin BMW sales wrote me over the weekend.

"The rebate of $2000.00 is good through today if you are wanting to finance the car. You can do it and make 6 payments and then pay it off or refinance it. "
Appreciate 0
      01-02-2019, 09:51 AM   #5
paul45
Second Lieutenant
95
Rep
228
Posts

Drives: 2019 X5 40i
Join Date: Jul 2015
Location: FL, USA

iTrader: (0)

Quote:
Originally Posted by Mark609 View Post

"The rebate of $2000.00 is good through today if you are wanting to finance the car. You can do it and make 6 payments and then pay it off or refinance it. "
From what has been posted, there is nothing legal holding you from paying it off even in the first month!
Appreciate 1
Mark609180.00
      01-02-2019, 09:55 AM   #6
First BMW
Private
28
Rep
99
Posts

Drives: X5 on order
Join Date: Dec 2018
Location: TEXAS

iTrader: (0)

Quote:
Originally Posted by desirusso View Post
I hope you're getting more than 2k off the car! I think we got 8k off with all the rebates and discounts then they gave us great money on our trade.
yes getting $5k off MSRP + $2k for finance...but is it smart to finance then refinance? any down side to this?
Appreciate 0
      01-02-2019, 10:04 AM   #7
Mark609
Banned
United_States
180
Rep
404
Posts

Drives: 2019 G05 Xline
Join Date: Dec 2018
Location: Central Texas

iTrader: (0)

New builds or current 2019 X5 dealorship inventory? Makes a huge difference.
Appreciate 0
      01-02-2019, 10:05 AM   #8
First BMW
Private
28
Rep
99
Posts

Drives: X5 on order
Join Date: Dec 2018
Location: TEXAS

iTrader: (0)

Quote:
Originally Posted by Mark609 View Post
New builds or current 2019 X5 dealorship inventory? Makes a huge difference.
huge difference ? how so?
Appreciate 0
      01-02-2019, 10:11 AM   #9
ven7782
Private First Class
55
Rep
129
Posts

Drives: 2019 X5 40i, 2017 Q7 prestige
Join Date: Dec 2018
Location: Holmdel, NJ

iTrader: (0)

This is already being discussed in the below thread.

https://g05.bimmerpost.com/forums/sh....php?t=1568529

Please go through the thread. You can refinance/payoff whenever you want. But if you do it before 90 days, the dealer gets charged back the 2K.
Appreciate 0
      01-02-2019, 10:12 AM   #10
First BMW
Private
28
Rep
99
Posts

Drives: X5 on order
Join Date: Dec 2018
Location: TEXAS

iTrader: (0)

Quote:
Originally Posted by ven7782 View Post
This is already being discussed in the below thread.

https://g05.bimmerpost.com/forums/sh....php?t=1568529

Please go through the thread. You can refinance/payoff whenever you want. But if you do it before 90 days, the dealer gets charged back the 2K.
Thank you
Appreciate 0
      01-02-2019, 10:24 AM   #11
Mark609
Banned
United_States
180
Rep
404
Posts

Drives: 2019 G05 Xline
Join Date: Dec 2018
Location: Central Texas

iTrader: (0)

Quote:
Originally Posted by First BMW View Post
huge difference ? how so?
Dealers want to move their "packed" cars out of their current inventory.

BTW, you have mail.
Appreciate 0
      01-02-2019, 10:26 AM   #12
First BMW
Private
28
Rep
99
Posts

Drives: X5 on order
Join Date: Dec 2018
Location: TEXAS

iTrader: (0)

Quote:
Originally Posted by Mark609 View Post
Dealers want to move their "packed" cars out of their current inventory.

BTW, you have mail.
Makes sense but I dont see any Mail
Appreciate 0
Post Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 02:41 PM.




xbimmers
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2026, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST