BMW Finance rates recently
Discussion
Hi, quick question for anyone who’s dealt with BMW UK recently, what finance rates have you managed to secure on 1/2 year old cars?
Am seeing 9.9% apr on the site but wondered if any experience achieving lower rates from anyone who’s bought recently?
Note, I’ve seen the lower rates for new car deals but interested on the used at moment.
Thanks in advance
Am seeing 9.9% apr on the site but wondered if any experience achieving lower rates from anyone who’s bought recently?
Note, I’ve seen the lower rates for new car deals but interested on the used at moment.
Thanks in advance
Each garage will have negotiated a package with BMW Finance and will have set an APR when it was up for renewal.
They will have agreed a set rate and that is what all their used cars will go through at.
The rate will be the rate that returns the dealer the overall profit they require from their F and I side.
It will be non negotiable, they cant move it up nor down, but it could well differ between different BMW dealer groups.
So one group could be 9.9, another 11.9 etc
They will have agreed a set rate and that is what all their used cars will go through at.
The rate will be the rate that returns the dealer the overall profit they require from their F and I side.
It will be non negotiable, they cant move it up nor down, but it could well differ between different BMW dealer groups.
So one group could be 9.9, another 11.9 etc
Jamescrs said:
Was looking at Finance when I bought a car from Stratstone BMW last year and they said it was fixed at the 10.9% for HP, they didn’t seem at all shocked when I told them I’d sort out my own finance through my bank.
Same as us, but was shocked when I kept refusing his offers of paint protection blah blah. As I've said went through the bank as a finance deal not bank loan and they paid them direct.
But was a lot cheaper even if I did at the time think we over paid for the car but it had everything we wanted so MRS400 was happy 😊
Cheers for responses. Suspected it was the case. 9.9% Apr best I’d seen for what I was looking for.
Bank it is I guess. Unless I go new, but just a balance between the paying new car price with 4.9% albeit with some discount or going used and saving £10k on price before finance costs.
Best get the old calculator out!
Bank it is I guess. Unless I go new, but just a balance between the paying new car price with 4.9% albeit with some discount or going used and saving £10k on price before finance costs.
Best get the old calculator out!
I believe lower APRs can be offered on cars up to 6months old but that seems to be out with the age of the cars you're looking at.
In relation to new v used, if financing I've found it's so close that you'd be better off with new especially when you factor in warranty, maintenance etc.
I'm not saying this is the case here but some people get fixated on the APR % and forget about trying to get extra support on the purchase price to offset an APR the dealer can't change.
In relation to new v used, if financing I've found it's so close that you'd be better off with new especially when you factor in warranty, maintenance etc.
I'm not saying this is the case here but some people get fixated on the APR % and forget about trying to get extra support on the purchase price to offset an APR the dealer can't change.
Agree re the new v used debate. Doesn’t help when I can’t decide on car either. Torn between M240i and M2 both 2024 registered. Initially was settled on M240
Had the OG M2 which I loved, then went boring for a while so back looking again! But i really don’t want to bring the whole M2 v M240 debate into it as I’ve seen a few threads.
The M2 was the one that’s surprised me when I first saw in flesh in black at weekend, then in terms of the deal that could be had on it, so the sensible M240 choice is now on hold till I can decide.
Had the OG M2 which I loved, then went boring for a while so back looking again! But i really don’t want to bring the whole M2 v M240 debate into it as I’ve seen a few threads.
The M2 was the one that’s surprised me when I first saw in flesh in black at weekend, then in terms of the deal that could be had on it, so the sensible M240 choice is now on hold till I can decide.
cossy400 said:
Same as us, but was shocked when I kept refusing his offers of paint protection blah blah.
As I've said went through the bank as a finance deal not bank loan and they paid them direct.
But was a lot cheaper even if I did at the time think we over paid for the car but it had everything we wanted so MRS400 was happy ??
I had the same with the paint protection but when they realised I really wasn't going to buy it they increased my PX valuation to cover the cost of it so it and added it on so it cost me nothing directly, and i'm still not sure it was worth it. As I've said went through the bank as a finance deal not bank loan and they paid them direct.
But was a lot cheaper even if I did at the time think we over paid for the car but it had everything we wanted so MRS400 was happy ??
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