F55/F56 Question about MA non-responsiveness re interest rate
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1st Gear
Joined: Jun 2016
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From: Puget Sound
Question about MA non-responsiveness re interest rate
I'd like to know how any of you handled the financing before you went in to pick up your MINI.
When I ordered my MINI in late May, BMW had the .9 financing. All of the price negotiations were based on the understanding that I'd receive the .9 financing. We agreed upon a very fair trade and I reviewed the manager's financing options using these figures before I gave the green light to place my build order.
In the interim, BMW now has a 2.99 financing. What a jump! I can always get lower than that through USAA, but I really want the .9.
Here's the rub: I have written my MA three emails and left a voicemail simply asking if the .9 still stands. Also, I said if it doesn't I'd like to know so I can arrange my own financing.
My last email stated that before I came to pick up the MINI next week, I wanted in writing the interest rate options through BMW so I could have my back up in place. I have not heard one peep from my MA although he did email me, in between my emails, to tell me the car would be here this weekend.
All my other car purchases have nailed down the financing, with solid interest rates, before I set foot in the finance office. I've also had a low interest rate in place during the time of order on a past MINI I ordered.
So, any tales about what kind of situation I'm dealing with here?
Thanks in advance
When I ordered my MINI in late May, BMW had the .9 financing. All of the price negotiations were based on the understanding that I'd receive the .9 financing. We agreed upon a very fair trade and I reviewed the manager's financing options using these figures before I gave the green light to place my build order.
In the interim, BMW now has a 2.99 financing. What a jump! I can always get lower than that through USAA, but I really want the .9.
Here's the rub: I have written my MA three emails and left a voicemail simply asking if the .9 still stands. Also, I said if it doesn't I'd like to know so I can arrange my own financing.
My last email stated that before I came to pick up the MINI next week, I wanted in writing the interest rate options through BMW so I could have my back up in place. I have not heard one peep from my MA although he did email me, in between my emails, to tell me the car would be here this weekend.
All my other car purchases have nailed down the financing, with solid interest rates, before I set foot in the finance office. I've also had a low interest rate in place during the time of order on a past MINI I ordered.
So, any tales about what kind of situation I'm dealing with here?
Thanks in advance
My MA had me filled out a credit application when I ordered the car b/c the interest rate was 0.9% - that locked me into the lower rate at that time. When the car was delivered I believe about 8-9 weeks later the financing currently offered had gone up, but I was still locked in at the 0.9% rate. I made sure to confirm this about 10 times (sure my MA loved that) before going forward b/c I wanted the lower rate.
Thread Starter
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1st Gear
Joined: Jun 2016
Posts: 32
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From: Puget Sound
My MA had me filled out a credit application when I ordered the car b/c the interest rate was 0.9% - that locked me into the lower rate at that time. When the car was delivered I believe about 8-9 weeks later the financing currently offered had gone up, but I was still locked in at the 0.9% rate. I made sure to confirm this about 10 times (sure my MA loved that) before going forward b/c I wanted the lower rate.
Thread Starter
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1st Gear
Joined: Jun 2016
Posts: 32
Likes: 0
From: Puget Sound
Matt, BMW is offering a $1000 cash back/rate buy down with the 2.99 interest rate. Plus, USAA if you are eligible offers a $500 coupon. That is better than the .9 in the long run.
--Matt
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