[MidnightLight]

The November offers just got posted. Looks like BMW Financial Services is now offering 4.49% APR for financing, which is a big improvement from the non-promotional base rate of 5.29% last month.

Dealers can still add a markup of up to 1%. But this is good news nonetheless as the ceiling is now lower. Hopefully this also gives a bit more negotiating room.

Of course this is only applicable to the US market, and you need excellent credit to qualify for the best rate.

https://www.bmwusa.com/special-offers.html

[SunshineJK]

That's good news, thanks! Any idea how long it'll take for the rate to come down to the 2 99% being offered for the other models?

[MidnightLight]

Originally Posted by SunshineJK

That's good news, thanks! Any idea how long it'll take for the rate to come down to the 2 99% being offered for the other models?

Not for a while, I suspect. They're probably going to try to milk the higher rate for a while since this is the new gen of their best selling model. Even at 5.49% (4.49 + 1.00 dealer markup), this is still a better rate than the vast majority of third party lenders. So there's little external pressure to lower the rate quickly.

[markronnie]

It should come down a little further shortly after the FEDS reduce interest by the anticipated 0.25% later this year. Also, its anticipated that Fed interest rates will come down further to 3.00%-3.25% by end-2025.

[Zirnitra]

For leases, if finance rates change do money factors change in line with them.

I was told that the money factor was 0.00225 (5.4%) in October does that mean for November it will drop to 0.00187 (4.49%) or finance and MF are different.

Thanks

[EWL5]

Dec has traditionally been a good incentive month and you might see 2.99% (especially if the take rate for the G45 is not as good as hoped).