When do I need financing
#1
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Location: Indianapolis, IN
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My Ride: On Order:
2006 525i
Alpine White
Auburn Interior
Premium Pkg
Sport Pkg
Cold Weather Pkg
Xenons
Sunshades
Sat Radio
Navigation
I was talking with my wife this morning and I mentioned to her that I planned to order my car from the dealer in March since the new engine is coming then. She then stated, that I should get my financing complete before I order and she kindly reminded me that we may not close on our house until March, so that might delay my car purchase. So that got me to thinking, I was planning on placing my order and putting my $500 or $1000 check in the dealers hands, but I was not planning on getting official financing until the car was closer to arriving. I am not worried about getting financed, debt ratio ok, credit ok, I just wasn't planning on doing it until later.
When I order my car, (525, Alpine White/Auburn, SP, PP, Nav, Sat Radio, Xenon, Rear/Side shades, 6-speed, CW, Premium Sound, HUD??? or Comfort Seats??)...when do I have to finalize my financing?
Thanks in advance for your help!!!
When I order my car, (525, Alpine White/Auburn, SP, PP, Nav, Sat Radio, Xenon, Rear/Side shades, 6-speed, CW, Premium Sound, HUD??? or Comfort Seats??)...when do I have to finalize my financing?
Thanks in advance for your help!!!
#2
Originally Posted by Aaron' date='Dec 26 2004, 11:56 PM
I was talking with my wife this morning and I mentioned to her that I planned to order my car from the dealer in March since the new engine is coming then.? She then stated, that I should get my financing complete before I order and she kindly reminded me that we may not close on our house until March, so that might delay my car purchase.? So that got me to thinking, I was planning on placing my order and putting my $500 or $1000 check in the dealers hands, but I was not planning on getting official financing until the car was closer to arriving.? I am not worried about getting financed, debt ratio ok, credit ok, I just wasn't planning on doing it until later.
When I order my car, (525, Alpine White/Auburn, SP, PP, Nav, Sat Radio, Xenon, Rear/Side shades, 6-speed, CW, Premium Sound, HUD??? or Comfort Seats??)...when do I have to finalize my financing?
Thanks in advance for your help!!!
When I order my car, (525, Alpine White/Auburn, SP, PP, Nav, Sat Radio, Xenon, Rear/Side shades, 6-speed, CW, Premium Sound, HUD??? or Comfort Seats??)...when do I have to finalize my financing?
Thanks in advance for your help!!!
[snapback]72626[/snapback]
#5
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Join Date: Jul 2003
Location: Indianapolis, IN
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My Ride: On Order:
2006 525i
Alpine White
Auburn Interior
Premium Pkg
Sport Pkg
Cold Weather Pkg
Xenons
Sunshades
Sat Radio
Navigation
Thanks guys, that's exactly what I was thinking...everything should go smoothly. I would put a deposit down in February, but for a March or later build with the R6 engine. What's a "normal" deposit amount. My wife gave them a $1,000 check when she was looking about 5 years ago, but they just held it, never cashed it, and gave it back when she told them she wanted something else. Should I expect the same?
#6
In many places, vehicle finance approvals are only valid for 30 or 60 days. So no point doing it now.
I have also ordered E60 with new R6, and will sort out the finance a week or two before delivery
I have also ordered E60 with new R6, and will sort out the finance a week or two before delivery
#7
Originally Posted by Aaron' date='Dec 27 2004, 06:04 AM
Thanks guys, that's exactly what I was thinking...everything should go smoothly.? I would put a deposit down in February, but for a March or later build with the R6 engine.? What's a "normal" deposit amount.? My wife gave them a $1,000 check when she was looking about 5 years ago, but they just held it, never cashed it, and gave it back when she told them she wanted something else.? Should I expect the same?
[snapback]72766[/snapback]
#8
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Join Date: Jul 2003
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My Ride: On Order:
2006 525i
Alpine White
Auburn Interior
Premium Pkg
Sport Pkg
Cold Weather Pkg
Xenons
Sunshades
Sat Radio
Navigation
I would negotiate the price before hand. I have spoken to the SA and he knows that I am looking for something fair for both BMW and me. I will take in all of the information I can, and start from invoice, but my plan is to have the price determined before I order my car. He did say that how much they can do depends on their remaining allocation, but they will either deal fairly with me or lose a sale. I don't have a lease ending, my car is driving fine, I have time to bargain and shop for the best price.
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