03-02-2024, 10:07 AM | #1 |
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Financing options
Hey there, Potentially purchasing an M5C and looking at options for financing. Probably gonna do a 50-50 split cash and financing. BMW’s rate is roughly 6.99%. Any thoughts on better options?
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03-04-2024, 07:27 AM | #3 |
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Try a credit union and see what kind of rate they can give you for the M5C your looking at, they tend to do better than the Dealership's lenders they work with.
Like my current car is financed through the captive manufacturer, rate is decent however I know I probably could've secured a better rate with my credit union. For my M5 I'm going to definitely go through my credit union. |
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03-04-2024, 08:11 AM | #4 |
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I posted this in a similar thread.
I got around that rate from PSECU. They sent a blank check and didn't have to deal with the dealers financing negotiation when I bought the car. I set the purchase price, then moved on to telling them how i would pay. Roughly 50% "cash" the rest would be by the check. Took under an hour at the dealership, and 15 mins to apply at PSECU website, took them about a week to send the packet which includes the check and contract you would bring to the dealer. |
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03-31-2024, 09:56 PM | #7 | |
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Quote:
Go for it and congrats on the potential new purchase |
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