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X5 E70 (2007 - 2013)
E70 BMW X5 produced between 2007 and 2013. Discuss the E70 X5 with other BMW owners here.

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  #1  
Old 08-04-2010, 08:54 AM
hamh hamh is offline
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Just got back with some X5 rates from my dealer

Hi guys,

My dealer just told me to get a 2011 X5d,

the financing rate is 5.9% and if I do the Owner's Choice/ BMW Select (balloon payment basically), the rate is 6.0%

Are these rates normal these days? I'm located in Chicago.
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  #2  
Old 08-04-2010, 09:07 AM
aggie njneer aggie njneer is offline
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it should be 4.9% for up to 60 months if financing. I ordered in June so my rate was 2.9% for up to 60 months here in Texas
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  #3  
Old 08-04-2010, 09:08 AM
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hsindogg hsindogg is offline
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Mein Auto: 2011 xDrive35d
Try Bank of America, rates are ~3% for 60 months.
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  #4  
Old 08-04-2010, 09:42 AM
Aqua Bliss Aqua Bliss is offline
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The July rates from BMWFS were 0.9% from 1-24 months and 1.9% 25-60 months.

Picked mine up last week and financed through BMWFS 60 months at 1.9%

This should still be the same for August, check here:
http://www.bmwusa.com/standard/conte...NaP+d9W+X9mw==
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  #5  
Old 08-04-2010, 09:50 AM
aggie njneer aggie njneer is offline
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Quote:
Originally Posted by Aqua Bliss View Post
The July rates from BMWFS were 0.9% from 1-24 months and 1.9% 25-60 months.

Picked mine up last week and financed through BMWFS 60 months at 1.9%

This should still be the same for August, check here:
http://www.bmwusa.com/standard/conte...NaP+d9W+X9mw==
only for the 3.5i for the diesel models, it's higher.
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  #6  
Old 08-04-2010, 10:01 AM
Display_Name Display_Name is offline
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Location: CT
 
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Mein Auto: 2011 X5 35d, 2011 Z4 35is
Quote:
Originally Posted by aggie njneer View Post
only for the 3.5i for the diesel models, it's higher.
The 0.9% for 24 months is available on the 2011 X5 35d. I'm sure of this because I used this option on my X5d.

The other "incentive" rate for the 35d is 4.9% for up 60 months.
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  #7  
Old 08-04-2010, 10:18 AM
hamh hamh is offline
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yea, the quote is based on 60 months, so the rate is not as good.
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  #8  
Old 08-04-2010, 10:20 AM
hamh hamh is offline
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if the rate is that high, will there be any chance that I do a lease now and do the buy out after the lease term with a cheaper way? so that the overall price is lower?
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  #9  
Old 08-04-2010, 11:48 AM
Newmanium Newmanium is offline
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Quote:
Originally Posted by hamh View Post
if the rate is that high, will there be any chance that I do a lease now and do the buy out after the lease term with a cheaper way? so that the overall price is lower?
Could be, run the numbers - remember there is a $725 acquisition fee with leases, and you lose the ability to take the tax credit ($1800).

Can't you get cheap financing through a credit union? I've seen a bunch for 3.9% on new cars.
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  #10  
Old 08-04-2010, 01:20 PM
Aqua Bliss Aqua Bliss is offline
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What was gonna be the length of your financing?

35d still has 0.9% for 0-24 months. You'll have to run the numbers yourself but if you can swing it, do the 0.9%

Say for example you need $20k financing.

24 months at 09% = $841/mo
$188 in interest payments over the length of the loan

36 months at 4.9% = $598/mo
$1,546 in interest payments over the length of the loan

I agree with previous posters though 4.9% is too high, try a credit union or B of A, you should get between 2.9 and 3.9
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  #11  
Old 08-05-2010, 07:24 AM
Kirit Kirit is offline
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Have you checked Pentagon credit union? I have seen 2.99% https://www.penfed.org/productsandra.../autoloans.asp
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  #12  
Old 08-05-2010, 07:51 AM
hamh hamh is offline
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I wish I am eligible for the penfed rate, but you need to be somehow related to government service, military service or red cross service in order to be a memeber.
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  #13  
Old 08-05-2010, 08:00 AM
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0428 0428 is offline
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Quote:
Originally Posted by hamh View Post
I wish I am eligible for the penfed rate, but you need to be somehow related to government service, military service or red cross service in order to be a memeber.
not at all, anyone can become a member
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  #14  
Old 08-05-2010, 08:13 AM
hamh hamh is offline
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really? when I click through the auto loan application, I end up landed on a page where I need to register as a member, and they provide 7 ways to become a member. All of them are military related.
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  #15  
Old 08-05-2010, 08:36 AM
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0428 0428 is offline
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join the association first, then join penfed, #7, second option.
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