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BMW 5-Series (G30) Forum 2017+ BMW 5 Series (G30) General Discussions Don't procrastinate

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      05-04-2022, 01:21 PM   #1
jsf721
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Don't procrastinate

I am buying out my lease.

Got a quote from my locate credit union of 2.89% rate lock 30 days with approved application.

My lease is not up for 1 month, so I asked BMW to rate match as they are 4.99%. Only advantage is Loyalty if I keep lean at BMW. They screw me around (still) and I got a note that Credit union rates are now 3.24%

I did not have my app into credit union just bc I don't want a hard hit on my credit until I decide who I am gong with.

Just an FYI boys and girls.
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      05-04-2022, 02:59 PM   #2
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Well the Federal Reserve raised their rates again, today actually. So that all makes sense.
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      05-04-2022, 07:11 PM   #3
jsf721
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So BMW went up to 5.89 % ! I told them I’m out so they lowered to 4.99%. Think I’m just off BMW for a while.

My sales guy told me he’s sold out of cars again and right on allocations. Who is buying all these cars at top dollar. Not me for sure.
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      05-04-2022, 07:31 PM   #4
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The rates will be higher later this year. If anyone is wanting to finance a car (or anything else) they might want to do the math on that before they balk at something priced a couple thousand above expectations.
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