BMW Auto Loans

[sulaw00]

I am in the market for a CPO BMW (2008 535xi).  My most recent pull was Equifax 697 and TU 653.  I currently have a 2005 325xi that I've been paying on meticulously for the past 2 years - I'm hoping that this will help my auto-enhanced score.  My income is $138K and i own my home (well...mortgage).  Any thoughts on what I can expect for an auto enhanced score?  

BTW...they are offering great deals on 2008 CPO's at BMW dealerships in my area (Boston, MA) - the current rate is .9% for tier 1 credit (limit to 48 months - 2.9% for 60 months).  According to the Sales guy i just spoke to, this would include anyone with a 675 score or higher.  I'm hoping my TU score doesn't draft me down.

[Creditaddict]

If your current car is financed with BMW I would not be worried about getting the special to buy a new car... my understanding is they cater heavily to repeat customers.

[-RED]

True, after hiring a consulting firm to help them find a new forward thinking mindset.

I'd check with a local credit union - You still buy the CPO, you just dont use BMWFS.

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@Creditaddict wrote:

If your current car is financed with BMW I would not be worried about getting the special to buy a new car... my understanding is they cater heavily to repeat customers.

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[CoolDude67]

I bought a 2009 135i  CPO a few months ago. They said I had a 716 TU Auto-enhanced score. I don't know what my FICO was for TU, but another lender pulled EX 643 a couple days before. They approved me for 4.35% for 60 months with income verification (I just showed them a pay stub). I had never had an auto loan before.