My lender said no to ED (Wells Fargo). BMWFS gave me a high rate (6.99).
Anyone recommend other online source for ED.....does CapOne do ED?
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Quote: My lender said no to ED (Wells Fargo). BMWFS gave me a high rate (6.99).
Anyone recommend other online source for ED.....does CapOne do ED? | BMW FS rates are based on credit rating and credit worthiness (i.e. they give lower rates to those with better credit).
Suggest you search this board as this has been discussed innumerable times here.
One conclusion that has been reached is that several people financed with BMW FS for euro. delivery and then refinanced after the car came stateside.
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my credit score is "excellent"....but BMW told me thats the rate out there (6.99)
I was approve by others 5.35 but don't do ED....I search and none said which bank do ED.
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| Reply » ED loan problem |
Quote: my credit score is "excellent"....but BMW told me thats the rate out there (6.99)
I was approve by others 5.35 but don't do ED....I search and none said which bank do ED. | Finance with BMW at the 6.99 rate right now. Once the car gets to the US, refinance to the 5% rate.
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CapOne gave me no problems. Just make sure you already have the VIN number. The dealer can wait until you have the VIN, as they really don't need the money until you fly to Germany. I financed mine 5 days before pickup. This is unusual, most dealers will want the money 1 month out by which point you should have VIN.
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Quote: | Finance with BMW at the 6.99 rate right now. Once the car gets to the US, refinance to the 5% rate. |  that seems to be the best idea and in fact I am leaving shortly to go do the $$$$$ paperwork.
6.99% seems to be the going rate for BMWFS. Another member doing ED just paid last week too and got 6.99%.
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ED loan problem