M5POST
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

Go Back   M5POST - BMW M5 Forum > F10 M5 Forum > F10 M5 Pricing, Ordering, Tracking, and European Delivery

Post Reply
 
Thread Tools Search this Thread
      07-05-2012, 04:05 PM   #1
cmhsam
Major
60
Rep
1,276
Posts

Drives: 2013 F10 M5
Join Date: Mar 2012
Location: USA

iTrader: (0)

M5 rate locks

When are people going to lock their rates for the M5. Is it worth waiting for the August programs?
Appreciate 0
      07-05-2012, 04:42 PM   #2
BarryB
Lieutenant Colonel
BarryB's Avatar
United_States
614
Rep
1,587
Posts

Drives: 30Jahre M5 plus a few more M's
Join Date: May 2012
Location: Palo Alto CA

iTrader: (0)

wait 'till 7/10 at least
Appreciate 0
      07-06-2012, 02:10 PM   #3
johntomferg
Captain
United_States
88
Rep
852
Posts

Drives: Formerly drove a 13 F10 M5
Join Date: May 2012
Location: Columbia, TN

iTrader: (1)

Have APRs for purchasers been released?
Appreciate 0
      07-06-2012, 02:19 PM   #4
zzzmmm
SICK
9
Rep
249
Posts

Drives: MCB F10 M5
Join Date: May 2012
Location: TX

iTrader: (0)



Based on how terrible the residuals are, Im worried about BMW financing APRs.
This is a good question
Appreciate 0
      07-06-2012, 02:29 PM   #5
johntomferg
Captain
United_States
88
Rep
852
Posts

Drives: Formerly drove a 13 F10 M5
Join Date: May 2012
Location: Columbia, TN

iTrader: (1)

For some reason I had it in my head they (APRs) were supposed to be out this week, but I may have been mistaken. Wouldn't surprise me if for the ED purchasers we are looking at >4 % from BMW. They have to know that as soon as the car is back in the country that refinancing will occur with other lenders, and their profit window will be tied to a very short period.
Appreciate 0
      07-06-2012, 02:37 PM   #6
ucla95
Striker
40
Rep
532
Posts

Drives: M850xi Carbon Black
Join Date: May 2012
Location: USA

iTrader: (0)

U can always just finance with a place like penfed from the outset. Why worry about BMWs rates?
Appreciate 0
      07-06-2012, 02:43 PM   #7
stealth.pilot
Major General
stealth.pilot's Avatar
United Kingdom
416
Rep
5,879
Posts

Drives: 2014 911 Turbo S
Join Date: Aug 2010
Location: Buckhead

iTrader: (0)

Garage List
The rates will be shit. BMW can always move cars for the first couple of months of a model year. Last year we didn't see good rates till November. If you want good rates it's best to buy in December.

This is why I'm just doing cash. If I waited till December I could get 0.9% for 24 months, but I don't think that will be available till at least mid-November, and I'd rather not wait.
__________________
Appreciate 0
      07-07-2012, 06:42 AM   #8
johntomferg
Captain
United_States
88
Rep
852
Posts

Drives: Formerly drove a 13 F10 M5
Join Date: May 2012
Location: Columbia, TN

iTrader: (1)

Not everyone qualifies for Penfed (pentagon worker / military)
Appreciate 0
      07-07-2012, 06:58 AM   #9
ucla95
Striker
40
Rep
532
Posts

Drives: M850xi Carbon Black
Join Date: May 2012
Location: USA

iTrader: (0)

Quote:
Originally Posted by johntomferg View Post
Not everyone qualifies for Penfed (pentagon worker / military)
incorrect. Id suggest checking out their website. And they've financed my prior ED's

Last edited by ucla95; 07-07-2012 at 07:03 AM..
Appreciate 0
      07-07-2012, 07:13 AM   #10
journeyguy
First Lieutenant
United_States
52
Rep
342
Posts

Drives: 2016 X5M
Join Date: Jun 2012
Location: OH

iTrader: (0)

It says loan amount upto $70k only.....

Quote:
Originally Posted by ucla95 View Post
incorrect. Id suggest checking out their website. And they've financed my prior ED's
__________________
2012 X5 35D.
2013 M5 ~MCB / Silversone II full~Exec Pkg~20' wheels~B&O~Xpel Ultimate PPF. - Sold !
Appreciate 0
      07-07-2012, 07:48 AM   #11
chillin4now
First Lieutenant
chillin4now's Avatar
United_States
20
Rep
380
Posts

Drives: F15 X5M, 458 Spider
Join Date: Apr 2012
Location: Smocation

iTrader: (0)

My dealer told me it had to be BMWFS for a ED, is this not correct?
Appreciate 0
      07-07-2012, 08:46 AM   #12
AGS
Major
AGS's Avatar
203
Rep
1,090
Posts

Drives: 2019 M5 Competition
Join Date: May 2012
Location: NJ

iTrader: (0)

Quote:
Originally Posted by cmhsam View Post
When are people going to lock their rates for the M5. Is it worth waiting for the August programs?
While I don't expect any changes, there's no reason not to wait until the August numbers come out. If they are worse, your dealer can lock the July rates. You'll be signing the paperwork around August 15th for a September 1st ED which is well within the 60 day lock window.
__________________
Current: 2019 Donnington Grey M5 Competition, 2014 Anvil WW Jeep Wrangler
Previous: 2016 Silverstone M5, 2013 Monte Carlo Blue M5 (ED on 9/1/12), 2009 Carbon Black M5, 2006 Silverstone M5, 2003 Sterling Grey M5, 2000 Anthracite 540i6, 1998 Jeep Grand Cherokee 5.9Ltd, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7

Last edited by AGS; 07-07-2012 at 02:16 PM..
Appreciate 0
      07-07-2012, 09:28 AM   #13
ucla95
Striker
40
Rep
532
Posts

Drives: M850xi Carbon Black
Join Date: May 2012
Location: USA

iTrader: (0)

Quote:
Originally Posted by philly-dee View Post
My dealer told me it had to be BMWFS for a ED, is this not correct?
Not correct. Not all lenders are comfortable with it - however some are.
Appreciate 0
      07-07-2012, 05:18 PM   #14
mwlmd
Lieutenant Colonel
mwlmd's Avatar
United_States
131
Rep
1,509
Posts

Drives: Porsche 991 TTS
Join Date: May 2009
Location: Portland, OR

iTrader: (0)

Quote:
Originally Posted by ucla95 View Post
Not correct. Not all lenders are comfortable with it - however some are.
I also was told I had to finance with BMWFS then refi after car is redelivered to US dealer.

PenFed will finance for the entire ED portion? When can we start the process? Once there is a VIN?
__________________
CURRENT:
His: Porsche 991 Turbo S
Carrera white/Black
Hers: BMW X3MC
BSM/Black
Appreciate 0
      07-07-2012, 07:27 PM   #15
ucla95
Striker
40
Rep
532
Posts

Drives: M850xi Carbon Black
Join Date: May 2012
Location: USA

iTrader: (0)

Quote:
Originally Posted by mwlmd
Quote:
Originally Posted by ucla95 View Post
Not correct. Not all lenders are comfortable with it - however some are.
I also was told I had to finance with BMWFS then refi after car is redelivered to US dealer.

PenFed will finance for the entire ED portion? When can we start the process? Once there is a VIN?
Well like anything they could have changed their policies, but I've used them from the outset on prior EDs. Yes you need to wait for the VIN, but u can get preapproved in advance.
Appreciate 0
      07-07-2012, 10:54 PM   #16
zzzmmm
SICK
9
Rep
249
Posts

Drives: MCB F10 M5
Join Date: May 2012
Location: TX

iTrader: (0)

I was also told ED must be through BMW Finance by dealer. Either way, it's just a matter of paperwork once car is on American soil to switch finance companies. I hate extra paperwork
Appreciate 0
      07-10-2012, 10:06 AM   #17
cmhsam
Major
60
Rep
1,276
Posts

Drives: 2013 F10 M5
Join Date: Mar 2012
Location: USA

iTrader: (0)

There is a new $750 loyalty cash offer for all current owners whose lease/finance matured in the past 12 months.
Appreciate 0
      07-10-2012, 10:59 AM   #18
AGS
Major
AGS's Avatar
203
Rep
1,090
Posts

Drives: 2019 M5 Competition
Join Date: May 2012
Location: NJ

iTrader: (0)

Quote:
Originally Posted by cmhsam View Post
There is a new $750 loyalty cash offer for all current owners whose lease/finance matured in the past 12 months.
Offered from BMW FS? Any other details on how to get this?
__________________
Current: 2019 Donnington Grey M5 Competition, 2014 Anvil WW Jeep Wrangler
Previous: 2016 Silverstone M5, 2013 Monte Carlo Blue M5 (ED on 9/1/12), 2009 Carbon Black M5, 2006 Silverstone M5, 2003 Sterling Grey M5, 2000 Anthracite 540i6, 1998 Jeep Grand Cherokee 5.9Ltd, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7
Appreciate 0
      07-10-2012, 11:49 AM   #19
cmhsam
Major
60
Rep
1,276
Posts

Drives: 2013 F10 M5
Join Date: Mar 2012
Location: USA

iTrader: (0)

Quote:
Originally Posted by AGS
Quote:
Originally Posted by cmhsam View Post
There is a new $750 loyalty cash offer for all current owners whose lease/finance matured in the past 12 months.
Offered from BMW FS? Any other details on how to get this?
It's a loyalty rebate offered through BMW. I am not sure if you have to finance or lease
Appreciate 0
      07-10-2012, 06:14 PM   #20
cmhsam
Major
60
Rep
1,276
Posts

Drives: 2013 F10 M5
Join Date: Mar 2012
Location: USA

iTrader: (0)

I was able to lock my rate today but couldn't complete any paperwork for the purchase since there is no VIN. Guess we have to wait until a VIN is generated.
Appreciate 0
      07-10-2012, 07:34 PM   #21
journeyguy
First Lieutenant
United_States
52
Rep
342
Posts

Drives: 2016 X5M
Join Date: Jun 2012
Location: OH

iTrader: (0)

Do we have to finance or lease through bmwsfs to get this $750 rebate ?

Quote:
Originally Posted by cmhsam View Post
I was able to lock my rate today but couldn't complete any paperwork for the purchase since there is no VIN. Guess we have to wait until a VIN is generated.
__________________
2012 X5 35D.
2013 M5 ~MCB / Silversone II full~Exec Pkg~20' wheels~B&O~Xpel Ultimate PPF. - Sold !
Appreciate 0
      07-10-2012, 07:37 PM   #22
cmhsam
Major
60
Rep
1,276
Posts

Drives: 2013 F10 M5
Join Date: Mar 2012
Location: USA

iTrader: (0)

Quote:
Originally Posted by journeyguy
Do we have to finance or lease through bmwsfs to get this $750 rebate ?

Quote:
Originally Posted by cmhsam View Post
I was able to lock my rate today but couldn't complete any paperwork for the purchase since there is no VIN. Guess we have to wait until a VIN is generated.
I believe so
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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 01:16 PM.




m5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, 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