topic Re: BMW Car Loans in Mortgage Loans

BMW Car Loans

Anonymous — Fri, 07 Mar 2008 07:17:59 GMT

I'm about to pay off a 17,500 car loan and $500 more of credit cards out of $5000 to be paid. Would I have a bigger chance of getting approved for a $60,000 car if i financed it or leased it? I can afford up to 900 a month.

Re: BMW Car Loans

fishbjc — Fri, 07 Mar 2008 23:22:24 GMT

I leased because I'm reimbursed. This is all dependent on your income and scores. Any bk or collections or repo?

My girlfriends husband gave her the 640, but I think he paid cash, but I'll ask him. This is the 4th bmw he bought in the last year. It's a nice looking car but I wasn't impressed with the ride (sorry Col)!

Re: BMW Car Loans

Takunda1 — Sat, 08 Mar 2008 00:40:47 GMT

You may be approved depending on the overall picture of you history...especially the auto part. BMW Financial has pulled EQ both times for my leases, In NY & in TX. Gd Luck.

Re: BMW Car Loans

fishbjc — Sat, 08 Mar 2008 03:18:42 GMT

From what I've heard here locally....big BMW dealer here....they're hurting. They've relaxed financing a little bit either way.

Re: BMW Car Loans

Anonymous — Sat, 08 Mar 2008 19:28:38 GMT

I just leased a MB .Ive heard leasing is tougher.They pulled TU ,.I had 688,they said I was tier 2 and moved me to tier 1 siince I did auto debit.I think as someone said they are motivated right now.The lease deal they offered just made sense to me instead of buying.I think you would need to lease or put down signifigant $ to be at $900/mo.

Re: BMW Car Loans

Anonymous — Wed, 12 Mar 2008 17:02:26 GMT

I too have an interest in this thread as I am currently considering purchasing as used the BMW...........but at about half the price of the original poster, can anyone tell me what kind of rates they were able to get as well as their scores at the time.

A friend told me you can get a good deal with around 630 score as long as you have no repos.

Thanks