New Interest Rates - 1.88%??

[Hemeraj]

Hi Guys,I have booked my new 320D. Still awaiting for the car to be delivered, ETA in August.Havent process my loan yet. Since i booked my car in end of May, it is locked at 2.95%.But yesterday i got a call from another dealer/branch tat d rates are 1.88%. I called up BMW credit & they say there is no such thing???Went to the dealer today & he insisted that he could give me for 1.88%. And The dealer whom i booked d car say that is not possible for it to be 1.88%. Am very confused now as at 1.88% i will save alot, but again if the dealer is pulling a fast one than i would lose out the rate which is locked at 2.95%Anybody out there who could give me some idea on this, will be veri much appreciated. And if i cancelled my booking at the first dealer, will my booking fees be refunded.Thank you in advance....

 

[docrayboy]

Hi Guys,

I have booked my new 320D. Still awaiting for the car to be delivered, ETA in August.
Havent process my loan yet. Since i booked my car in end of May, it is locked at 2.95%.
But yesterday i got a call from another dealer/branch tat d rates are 1.88%. I called up BMW credit & they say there is no such thing???

Went to the dealer today & he insisted that he could give me for 1.88%. And The dealer whom i booked d car say that is not possible for it to be 1.88%. Am very confused now as at 1.88% i will save alot, but again if the dealer is pulling a fast one than i would lose out the rate which is locked at 2.95%

Anybody out there who could give me some idea on this, will be veri much appreciated. And if i cancelled my booking at the first dealer, will my booking fees be refunded.

Thank you in advance....

Whatever you do, get it in writing.....For your free gifts, go for the BMW GPS instead of the free tinting....safe money and better do the tinting yourself where you make sure you get the best tint. When BMW installs the GPS on your dashboard, they wire it straight to your audio system, so it plays on the car speakers while muting down the radio at the same time....the 320d? u will enjoy, man! Join our BMW get together later today at Saujana...

 

[sunnypuan]

Hi Guys,

I have booked my new 320D. Still awaiting for the car to be delivered, ETA in August.
Havent process my loan yet. Since i booked my car in end of May, it is locked at 2.95%.
But yesterday i got a call from another dealer/branch tat d rates are 1.88%. I called up BMW credit & they say there is no such thing???

Went to the dealer today & he insisted that he could give me for 1.88%. And The dealer whom i booked d car say that is not possible for it to be 1.88%. Am very confused now as at 1.88% i will save alot, but again if the dealer is pulling a fast one than i would lose out the rate which is locked at 2.95%

Anybody out there who could give me some idea on this, will be veri much appreciated. And if i cancelled my booking at the first dealer, will my booking fees be refunded.

Thank you in advance....

I went to AB Glenmarie last week and was quoted 3% for 7 years loan ! Your 1.88% really good deal, but are your sure kah??? Don't afterwards after submit documents already the loan office tell you the real rate is 3% wor.... Ask the your new dealer which finance and officer name, and call yourself better.

 

[initialM]

How much you paid the booking fees? If its minimal can just cancel & get lower int rates

 

[beemerx]

Hi Guys,

I have booked my new 320D. Still awaiting for the car to be delivered, ETA in August.
Havent process my loan yet. Since i booked my car in end of May, it is locked at 2.95%.
But yesterday i got a call from another dealer/branch tat d rates are 1.88%. I called up BMW credit & they say there is no such thing???

Went to the dealer today & he insisted that he could give me for 1.88%. And The dealer whom i booked d car say that is not possible for it to be 1.88%. Am very confused now as at 1.88% i will save alot, but again if the dealer is pulling a fast one than i would lose out the rate which is locked at 2.95%

Anybody out there who could give me some idea on this, will be veri much appreciated. And if i cancelled my booking at the first dealer, will my booking fees be refunded.

Thank you in advance....

Bro,

I believe the current interest rates now for new cars are between 3.85% to 4.25% depending on what brand of car you buy, the loan tenure & loan amount.

 

[Hemeraj]

Hi All,

Thanks for your views. After serious consideration im still sticking to my original order with 2.95& until the 1.88% becomes official from BMW credit.

Thanks a lot, cant wait to join u guys in August with my new 320D.

cheers

 

[cklein]

Congrat!! Join the team....ray, this sunday going for the TT?

 

[cklein]

Congrat!! Join the team....ray, this sunday going for the TT?

 

[Jules]

got a quote for 4.25% from BMW Credit but for a non BMW car....

rates have gone up, even for new cars!

 

[astroboy]

1.88% is not possible unless the SA helps u funding your interest, which is not new. Toyota does it all the time to tolak their prior year model and BMW does the same when towards year end or beginning of the year.

Also if your opt for the low interest rate, you get less discount for the car.

 

[sunnypuan]

1.88% is not possible unless the SA helps u funding your interest, which is not new. Toyota does it all the time to tolak their prior year model and BMW does the same when towards year end or beginning of the year.

Also if your opt for the low interest rate, you get less discount for the car.

Gotten this message from SA yesterday....

We're offering a super low interest rate of 1.88% for our new E90 (3201,320d,323i and 325i sports)
Normal interest rate is 3.3%
Test Drive now and got mystery gift
Pre-Reg also available

 

[mikeyC]

Gotten this message from SA yesterday....

We're offering a super low interest rate of 1.88% for our new E90 (3201,320d,323i and 325i sports)
Normal interest rate is 3.3%
Test Drive now and got mystery gift
Pre-Reg also available

Could it be the BMW Xpo financing which the interest increases every year? sales gimmick i would say..

 

[MSport]

I think you will need to check it out in more details. BMW credit has special offers which the interest rates is flat for the entire tenure. Some members here are having that promo. :top:

 

[BMWood]

Gotten this message from SA yesterday....

We're offering a super low interest rate of 1.88% for our new E90 (3201,320d,323i and 325i sports)
Normal interest rate is 3.3%
Test Drive now and got mystery gift
Pre-Reg also available

May I know which dealer offering this package? I got the approval from BMW Credit recently on interest rate at 2.95% p.a.

 

[etquah]

1.88% interest rate meant for full price purchase I suppose

 

[nautica1973]

Guys,i'm taking delivery of my new car as well and wonder "what" sort of freestuffs does AB give away.care to share what are your experiences with getting them to throw in this or that when you take the car...

 

[sunnypuan]

May I know which dealer offering this package? I got the approval from BMW Credit recently on interest rate at 2.95% p.a.

AB Segambut...

 

[tpleong]

1.88% interest rate meant for full price purchase I suppose

YES, Confirmed ........only for new cars, no futher discount. Not for pre-reg or pre-owned.

 

[Daytona]

Guys,i'm taking delivery of my new car as well and wonder "what" sort of freestuffs does AB give away.care to share what are your experiences with getting them to throw in this or that when you take the car...

I just rcvd a umbrella and a bear!

 

[fan_cheong]

I just rcvd a umbrella and a bear!

Good for you. I got my car tinted.