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F30 / F31 / F32 / F33 (2012 - current)
The sixth generation 3 series, chassis code F30. 2013 model year 328i and 335i sedans now in production. Read the F30 frequently asked question thread for all your basic question and dive into all the details in the ultimate F30 information thread.

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  #1  
Old 10-05-2013, 11:58 AM
Crom! Crom! is offline
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Location: Orinda, CA
 
Join Date: Aug 2013
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Mein Auto: 2014 328i & 2000 ML320
Pay before arrival?

My bank (BoA) has agreed to give me loan at 2.14% fixed but the offer expires next week. Unfortunately, If I don't take the loan now or by 12th the offer is expired and the best the bank can offer after that is 2.68%. My car arrives at the dealership around 20th. Is there any way I can pay for my car now?
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  #2  
Old 10-05-2013, 12:56 PM
Stitchy Stitchy is offline
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Location: US
 
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Posts: 8
Mein Auto: in the market for 3series
you should try penfed. They are offering 1% fixed with their sponsored dealerships and 1.99% for reg auto loans.
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  #3  
Old 10-05-2013, 04:39 PM
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AndDown AndDown is offline
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Location: Redlands CA
 
Join Date: Jun 2003
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Mein Auto: 2013 328i, 2003 325i
The bank won't cut a cheque to the dealer until you sign the papers. Basically, the bank owns the car while you are making payments, so it's a collateral. When I bought our car, it was through our credit union and they had to have a copy of the actual sales contract before they would send a cheque to the dealer.
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  #4  
Old 10-05-2013, 04:53 PM
reminisquare reminisquare is offline
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Location: North Carolina
 
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Mein Auto: 328i
From my experience dealer tried to finish a payment a week before arrival, However, they required loan that is valid for at least 30 days.
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  #5  
Old 10-05-2013, 06:25 PM
namelessman namelessman is online now
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Location: northern california
 
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Last year I asked dealer if I could pay before the car arrived and they said no(it was cutting close for the Team USA credit). The car eventually did arrive on time and things worked out. Thinking back it would have been a bit risky if I had paid without seeing the merchandise.
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  #6  
Old 10-05-2013, 06:48 PM
Bret_T Bret_T is offline
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Mein Auto: '14 435i & '03 S2000
Quote:
Originally Posted by Crom! View Post
Is there any way I can pay for my car now?
Even if you could, it wouldn't be a wise move. New cars are damaged in transit all the time. You want to be able to refuse the car before you pay for it. Get yourself a couple of other options. If BofA can offer you that deal, there are other companies that can beat it.
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Old 10-06-2013, 07:48 AM
irianjim irianjim is offline
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Mein Auto: 2013 335i Vert
Interesting. I know I paid for my car a week prior to delivery, but it was a European Delivery which is different, I guess.....
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  #8  
Old 10-06-2013, 11:07 AM
Crom! Crom! is offline
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Location: Orinda, CA
 
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Mein Auto: 2014 328i & 2000 ML320
Thanks for the replies. I will get back and report when I find a new offer. Also when I do go pick up the car I know the dealer will try to push me to get other services such as extended warranty and what not. I was thinking about declining any additional services other than what comes with the car. Is that wise?
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  #9  
Old 10-06-2013, 11:53 AM
Bret_T Bret_T is offline
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Location: Georgia
 
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Mein Auto: '14 435i & '03 S2000
Quote:
Originally Posted by Crom! View Post
I was thinking about declining any additional services other than what comes with the car. Is that wise?
Yes, 100%. They try to get you to buy these high profit items at a very emotional time. If one can't afford to pay for a wheel repair or get a door ding removed by a paintless dent removal service, then one can't afford the car.
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