[DarkishM5C]

Originally Posted by armoredsaint

I paid cash, 0% interest

Haha same! Best interest rate ever

[DarkishM5C]

Originally Posted by Patton250

So, my M5 competition is on the train from the factory on its way to the port. If everything goes well, I should get it by the end of February or midway through March. I went ahead and got all my paperwork for financing taken care of today and I’m putting about 40% down on it. My dealer is quoting me 5.59% from BMW. WTF! I know the world is falling apart, but I have no idea Interest rates for cars were that high. Call me ignorant. My credit score is above 800. Are any of you guys getting better than 5.59? My dealer did say that maybe next month when we get the car interest rates might drop but for now I’m locked in at 5.59%.

I think it's very smart that you locked in your interest rate. I think the rate you got it's normal for now and I can see them going possibly higher soon. I would continue to shop around and see if you can get lowered. Congratulations on ordering your M5! This is my first BMW and M5 at that. Can't wait to see pictures once you get it.

[Namelss]

Originally Posted by carseatsm5

If you’ll allow me to brag, my rate from 2020 is 0.9%. And back then you could still get a discount on the cars!

I financed mine at .9% in January '22. BMWFS had the .9 rate in December '21 for the end of year. It went up to 1.9% in January. I saw this and politely asked my dealer if BMWFS would honor the December rate as my car sat at the port for a few weeks due to missing RAM. They went for it and I kinda lucked out there.

[G30 B58]

Originally Posted by Namelss

I financed mine at .9% in January '22. BMWFS had the .9 rate in December '21 for the end of year. It went up to 1.9% in January. I saw this and politely asked my dealer if BMWFS would honor the December rate as my car sat at the port for a few weeks due to missing RAM. They went for it and I kinda lucked out there.

Same here with our '22 540i. Ordered in Sept of '21 and took delivery in Jan. '22 but our dealer honored the 0.9% even though current was 1.9% just like you mentioned.

[bobmd]

I got 5.99%, also with 800+ FICO. Mine was pre-owned so already higher.

[M5VanHalen]

Originally Posted by bobmd

I got 5.99%, also with 800+ FICO. Mine was pre-owned so already higher.

I just got 5.99% for 72 months (new vehicle) via BMW. It was even cheaper than my local credit union. Sounds like BMW Finance is starting to offer some better rates since car sales are slowing down somewhat.

[bigmixx11]

Navy Federal Credit Union has 4.54% for new cars right now.

[Pturbony]

I just applied for 3% for 36 months at SE Credit Union. You need 750+ Fico

[windtendo]

Originally Posted by Pturbony

I just applied for 3% for 36 months at SE Credit Union. You need 750+ Fico

What does your SE stand for? There's a bunch that can be abbreviated "SE". Thanks!

[Pturbony]

Originally Posted by windtendo

What does your SE stand for? There's a bunch that can be abbreviated "SE". Thanks!

Sorry about that. SouthEast Financial Credit Union