What has everyone got for ED apr %?

[5soko]

Hey guys so my dealer is telling me the that euro delivery has different apr % then normal.

BMWFS is offering 4.9% right now for ED cars.

Is this correct and anyone care to share what they got?

Im on the east coast in NY if that matters.

[FC]

I submitted my application on Friday based on what BMWUSA was showing for the M3 based on my zip code and the dealer and I discussed that rate.

The dealer didn't say a word about ED rates being different.

We'll find out today whether the rate was different or not. 5% seems high to me.

Separate question: Is the $3k advertised credit is applicable to ED? I assume not.

[5soko]

Originally Posted by FC

I submitted my application on Friday based on what BMWUSA was showing for the M3 based on my zip code and the dealer and I discussed that rate.

The dealer didn't say a word about ED rates being different.

We'll find out today whether the rate was different or not. 5% seems high to me.

Separate question: Is the $3k advertised credit is applicable to ED? I assume not.

Interesting.. Gonna talk to my dealer again today, i figured didn't make much sense..

No, nothing via BMW incentives or rebates is valid for euro delivery.

[Nikolas]

I haven't heard that as well. Only the Ed modifier for lease, but you only make 35 payments instead if 36.

I think your dealer may be confusing that uptick with what they do on leases.

[firedown31]

Does sound like the dealer is confusing lease APR with finance APR. I have never seen anything about finance being higher for ED, only on a ED lease. Current ED lease base is .00186 or 4.464% which I believe can still be marked up by .0004 or up to 5.424%!

[HPIA4v2]

Originally Posted by firedown31

Does sound like the dealer is confusing lease APR with finance APR. I have never seen anything about finance being higher for ED, only on a ED lease. Current ED lease base is .00186 or 4.464% which I believe can still be marked up by .0004 or up to 5.424%!

If all incentives are void on ED, why not bring your own financing for non lease. Some CU understand ED, the only potential sticky issue would be insurance. Creditors always want to make sure the car is insured after paperwork is signed.

['Cane]

When I bought mine 2 years ago I got the same rate they were offering for US delivery, 0.9%.

[5soko]

Originally Posted by Nikolas

I haven't heard that as well. Only the Ed modifier for lease, but you only make 35 payments instead if 36.

I think your dealer may be confusing that uptick with what they do on leases.

That is very possible.. I will check with him again tomorrow to confirm with someone else aswell.

Originally Posted by firedown31

Does sound like the dealer is confusing lease APR with finance APR. I have never seen anything about finance being higher for ED, only on a ED lease. Current ED lease base is .00186 or 4.464% which I believe can still be marked up by .0004 or up to 5.424%!

Yea, that is very possible. I am going to insist he check again and show me the paperwork that says 4.99% for 60 months for top tier credit.

Originally Posted by HPIA4v2

If all incentives are void on ED, why not bring your own financing for non lease. Some CU understand ED, the only potential sticky issue would be insurance. Creditors always want to make sure the car is insured after paperwork is signed.

I tried, it seems not many want to work with the EU delivery situation.

Originally Posted by 'Cane

When I bought mine 2 years ago I got the same rate they were offering for US delivery, 0.9%.

That great news! Ok, he might have made a mistake then.