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BMW Finance APR Increased
- blaster1956
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- Joined: Thu Jan 10, 2019 2:34 pm
- Location: Warwickshire
BMW Finance APR Increased
Just in case anyone is looking to finance a new Z4 using a BMW Finance, the APR rate for PCP deals seems to have increased from 2.9% in Q3, to 3.9% in Q4. The online finance quotes are also showing smaller BMW deposit contributions, but whether this translates into smaller dealer discounts I'm not sure.
I'm told by my dealer that they will honour the 2.9% APR for deals such as mine that were signed in Q3.
I'm told by my dealer that they will honour the 2.9% APR for deals such as mine that were signed in Q3.
G29 M40i - Misano Blue - since February 2022
E89 sDrive 20i M Sport - Sapphire Black - Sold August 2021
E89 sDrive 20i Roadster - Crimson Red - Sold 2018
E85 2.0i Sport - Stratus Grey - Sold 2014
E89 sDrive 20i M Sport - Sapphire Black - Sold August 2021
E89 sDrive 20i Roadster - Crimson Red - Sold 2018
E85 2.0i Sport - Stratus Grey - Sold 2014
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OnlineArgyll Andy
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- Location: Argyll & Bute
BMW Finance APR Increased
Dealer told us they were anticipating a % increase next quarter. Wasn’t sure if it was sales spiel at the time but possibly not. Still considerably better than Porsche’s 10.83% on new cars
Re the BMW contribution, yes definitely down to reduced discount. Even written quotes from 2 months ago they’re not honouring saying they don’t do that level of discount now
Re the BMW contribution, yes definitely down to reduced discount. Even written quotes from 2 months ago they’re not honouring saying they don’t do that level of discount now
G29 M40i Thundernight with Ivory interior, all option packs (here for a while, hopefully )
G29 M40i Misano Blue all option packs (Gone 26k of fun)
E89 35iS, Valencia Orange, Design Pure Traction pack (Gone)
E89 23i sDrive, Silver (Gone)
- Scubaregs
- Lifer
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BMW Finance APR Increased
I never take dealer finance, unless there is an incentive. For instance £750 of the £2750 I got of my new, unregistered S1000r in October was PCP contribution. Don't take the PCP, don't get that £750, so I took the PCP, got a personal loan and paid off the PCP after the first payment.
Abstinence is fine, in moderation.
San Francisco red G29 30i. BMW S1000r Sport.
San Francisco red G29 30i. BMW S1000r Sport.
- blaster1956
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- Joined: Thu Jan 10, 2019 2:34 pm
- Location: Warwickshire
BMW Finance APR Increased
I don’t think many manufacturers are offering those sorts of finance incentives atm - they just don’t need to as they can’t make enough cars to fulfil the demand anyway!
I think for me it all depends on the APR offered - I couldn’t get better than 2.9% elsewhere so I’m happy to go with the BMW finance for now. I’d rather do this than take money out of investments/savings.
I think for me it all depends on the APR offered - I couldn’t get better than 2.9% elsewhere so I’m happy to go with the BMW finance for now. I’d rather do this than take money out of investments/savings.
G29 M40i - Misano Blue - since February 2022
E89 sDrive 20i M Sport - Sapphire Black - Sold August 2021
E89 sDrive 20i Roadster - Crimson Red - Sold 2018
E85 2.0i Sport - Stratus Grey - Sold 2014
E89 sDrive 20i M Sport - Sapphire Black - Sold August 2021
E89 sDrive 20i Roadster - Crimson Red - Sold 2018
E85 2.0i Sport - Stratus Grey - Sold 2014
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- Location: Tamworth
BMW Finance APR Increased
Me too. If I took the money out of my company I would end up paying 40% Income tax on it so BMW funding my car is far cheaperblaster1956 wrote: ↑Sun Oct 03, 2021 2:44 pm
I think for me it all depends on the APR offered - I couldn’t get better than 2.9% elsewhere so I’m happy to go with the BMW finance for now. I’d rather do this than take money out of investments/savings.
- blaster1956
- Member
- Posts: 185
- Joined: Thu Jan 10, 2019 2:34 pm
- Location: Warwickshire
BMW Finance APR Increased
Spoke to the dealer today about adding some options to my M40i order, it seems adding any packs would mean they have to go through a new finance quote, which will then be at 3.9% APR ( which in my case adds another £1000 to the overall cost). Oh well, I was happy with the base spec 6 weeks agoblaster1956 wrote: ↑Sun Oct 03, 2021 1:24 pm Just in case anyone is looking to finance a new Z4 using a BMW Finance, the APR rate for PCP deals seems to have increased from 2.9% in Q3, to 3.9% in Q4. The online finance quotes are also showing smaller BMW deposit contributions, but whether this translates into smaller dealer discounts I'm not sure.
I'm told by my dealer that they will honour the 2.9% APR for deals such as mine that were signed in Q3.
He also confirmed that the HUD is "Temporarily Unavailable" across the BMW range, but couldn't say when that might change.
G29 M40i - Misano Blue - since February 2022
E89 sDrive 20i M Sport - Sapphire Black - Sold August 2021
E89 sDrive 20i Roadster - Crimson Red - Sold 2018
E85 2.0i Sport - Stratus Grey - Sold 2014
E89 sDrive 20i M Sport - Sapphire Black - Sold August 2021
E89 sDrive 20i Roadster - Crimson Red - Sold 2018
E85 2.0i Sport - Stratus Grey - Sold 2014
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- Senior Member
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BMW Finance APR Increased
That’s strange is HUD is still available to order on the m40i.
- blaster1956
- Member
- Posts: 185
- Joined: Thu Jan 10, 2019 2:34 pm
- Location: Warwickshire
BMW Finance APR Increased
Yeah very odd. I'm sure those already in build will be fine regardless
G29 M40i - Misano Blue - since February 2022
E89 sDrive 20i M Sport - Sapphire Black - Sold August 2021
E89 sDrive 20i Roadster - Crimson Red - Sold 2018
E85 2.0i Sport - Stratus Grey - Sold 2014
E89 sDrive 20i M Sport - Sapphire Black - Sold August 2021
E89 sDrive 20i Roadster - Crimson Red - Sold 2018
E85 2.0i Sport - Stratus Grey - Sold 2014
- blaster1956
- Member
- Posts: 185
- Joined: Thu Jan 10, 2019 2:34 pm
- Location: Warwickshire
BMW Finance APR Increased
Bit the bullet yesterday and requested dealer to add Tech Pack and Driving Assistance to my order - both packs were added successfully, including HUD.blaster1956 wrote: ↑Thu Oct 07, 2021 5:17 pmYeah very odd. I'm sure those already in build will be fine regardless
G29 M40i - Misano Blue - since February 2022
E89 sDrive 20i M Sport - Sapphire Black - Sold August 2021
E89 sDrive 20i Roadster - Crimson Red - Sold 2018
E85 2.0i Sport - Stratus Grey - Sold 2014
E89 sDrive 20i M Sport - Sapphire Black - Sold August 2021
E89 sDrive 20i Roadster - Crimson Red - Sold 2018
E85 2.0i Sport - Stratus Grey - Sold 2014
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BMW Finance APR Increased
You won’t regret it. I think the tech pack is a must. Then again I added all the packets except the visibility pack even that I regret not adding.blaster1956 wrote: ↑Sat Oct 09, 2021 11:38 amBit the bullet yesterday and requested dealer to add Tech Pack and Driving Assistance to my order - both packs were added successfully, including HUD.blaster1956 wrote: ↑Thu Oct 07, 2021 5:17 pmYeah very odd. I'm sure those already in build will be fine regardless