Mine was a 530i...not M3
Sorry not to clarify that. I just signed the contract on Friday, and the rate was 5.75% APR. Term of contract may be irrelevant to BMWFS (which is admittedly the topic at hand), but you will get a break for shorter term loans online (again, I wasn't clear about that above). I personally paid 0.25 points over my Eloan rate of 5.49% to the dealer for the convenience of having it all done in one place.
John, are you telling us that BMWFS charges different rates for different cars (e.g., M3 vs. 530i). I know the M3 is expensive, but even online, rates are the same for any car under $75,000. Not questioning your word, just wondering why they would do that? Could my lower rate be based on the rate on the negotiated date in April vs. the contract date in May?