Quote:
Originally Posted by malba2366
Do you know how much the dealer get for getting a customer to finance through BMW?
Also, is there any way for the customer to figure out the actual buy rate from BMW fs?
On my order dealer is marking up the rate and saying they’re not. I know my credit score from multiple sources is 800+/income more than adequate so no reason for rate to be 2.9% vs 1.9%.
I want to tell them that if they don’t give me the buy rate then I’m in just going to pay it off in full the second I can.
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Yes!
Buy rate for BMWFS finance on a 2021 is 1.9% for up to 60 months, and 2020 is 0.9% for 60 months.
The max dealers can mark up is 1% which is probably what you are seeing. It kills a good chunk of the dealer discount if they play this game.
Great question!