Home Forums Articles How To's FAQ Register
Go Back   Xoutpost.com > BMW SAV Forums > X3 (E83) Forum
Arnott
User Name
Password
Member List Premier Membership Search Today's Posts Mark Forums Read

Xoutpost server transfer and maintenance is occurring....
Xoutpost is currently undergoing a planned server migration.... stay tuned for new developments.... sincerely, the management


Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 08-29-2005, 09:11 PM
Member
 
Join Date: Aug 2005
Location: X5world
Posts: 2
2005_X3_2.5I is on a distinguished road
Exclamation Financing Help

Hello, I just purshased a Brand new 2005 X3 2.5i. I acutally planned on getting the new 3 series so i had not done any research on the x3 like i did on the 3 series.

I feel in love with the X3 and decided to get it.....no complaints....except for the financing.

When i got there the sales person said he wasnt sure what the rate was on the x3 2.5i but thought it was 2.9.....well he came back and said he was wrong it was 3.9% which isnt bad either.....well when i got home i checked edmunds and on edmunds it says that for the month of august the rate for the 05 x3 2.5 is 2.9%. So what i feel maybe they did was mickey mouse me around......by telling me they'd give 1500 off msrp and then making it up on the interest.

I called the finance manager and he said that their dealership wasnt giving that rate and instead have been giving everyone else 3.9% so that there was nothing he could do.

My question is......is this legal?? Anything i can do??? Please give me advice..
Reply With Quote

Sponsored Links

  #2  
Old 08-29-2005, 09:42 PM
Juanted's Avatar
Moderator/Admin/Premier Member
 
Join Date: Mar 2005
Location: Charlotte, NC
Posts: 5,686
Juanted is on a distinguished road
Well, I don't think they did anything illegal. Immoral, maybe, but what do you expect from a car salesman. Edmunds offering you 2.9% is inconsequential to what the dealer offered you. Edmudns could be using a different bank. Who knows? However, 3.9% is still a very good rate. I don't know that I'd complain about that rate.

You have a point: the dealer did the 'ol "bait and switch" trick on you, which is wrong... but not illegal. 3.9 is a great rate. Forget about it, and enjoy your ride! It's a great car. Congrats, and post some pics. Oh yeah, welcome to the board, by the way.

Juan
__________________
Whenever I text "Barack," my phone suggests the word "Capable." I guess my my phone IS pretty smart.
Reply With Quote
  #3  
Old 08-29-2005, 09:52 PM
Member
 
Join Date: Aug 2005
Location: X5world
Posts: 2
2005_X3_2.5I is on a distinguished road
Thanks for your quick reply.....the rate edmunds quotes is the bmw manufactor's finacing rate special for that month on only the x3 2.5i. And since i went through bmw finacing......i dont understand how it could be legal if the on going rate through bmw is 2.9%.

link: www.edmunds.com/incentives/RebateController?tid=edmunds.n.optionsresults.ntmv .2.6.BMW*&styleid=100488945&popuppage=on
Reply With Quote
  #4  
Old 08-29-2005, 09:58 PM
Juanted's Avatar
Moderator/Admin/Premier Member
 
Join Date: Mar 2005
Location: Charlotte, NC
Posts: 5,686
Juanted is on a distinguished road
hmmmm... You are absolutely correct. You should consider contacting BMW of North America directly, and see what they say.

Juan
__________________
Whenever I text "Barack," my phone suggests the word "Capable." I guess my my phone IS pretty smart.
Reply With Quote
  #5  
Old 08-29-2005, 10:14 PM
SuaveX5's Avatar
Fatal Error !
 
Join Date: Jun 2005
Location: NY
Posts: 1,799
SuaveX5 is on a distinguished road
i had a similar problem when i got my x5, but i found out that all the bmw dealers get different rates and options from bmw financial center, and it has alot to do with how much the stealer sales and so on....

when my brother and i when looking for his x5 we were able to get 2.9% this was back on 09/04, and them 2 months later i got my x5 and they were trying to give me 4.9% so i asked why not 2.9% like other dealers and they xplained to me how it works, so i told them that i didn`t care that i wanted a better rate, so the manager called me into he office and got on the phone with bmw financial center and asked them if they were going to let them loose the sale, so the bmw financial center manager told us to wait by the fax machine for the new paper work with the new rate 3.9% so i took the X5
Reply With Quote
  #6  
Old 08-29-2005, 11:35 PM
Dr_Smith's Avatar
Member
 
Join Date: Jul 2005
Location: Edmonton, AB
Posts: 737
Dr_Smith is on a distinguished road
heh, when I purchased my roadster they quoted 4.9 financing, so I bought it. Two weeks later the manager called me and said they had made a mistake, it was 8.9%. I reminded him the contract was signed by both parties showing 4.9%, he suggested I could return the vehicle and he would refund my money or he was going to change the finance rate to 8.9% Luckily my brother is a lawyer in Vancouver (purchased vehicle from Brian Jessel) and one letter from his firm got them off my back. Bottom line is, a car salesman is a car salesman - dont trust them "as far as you can throw them"...
Reply With Quote
  #7  
Old 08-31-2005, 06:08 PM
Member
 
Join Date: Jun 2005
Location: X5world
Posts: 5
pipo is on a distinguished road
Quote:
Originally Posted by 2005_X3_2.5I
Thanks for your quick reply.....the rate edmunds quotes is the bmw manufactor's finacing rate special for that month on only the x3 2.5i. And since i went through bmw finacing......i dont understand how it could be legal if the on going rate through bmw is 2.9%.

link: www.edmunds.com/incentives/RebateController?tid=edmunds.n.optionsresults.ntmv .2.6.BMW*&styleid=100488945&popuppage=on
What they did is probably not illegal, but they certainly took advantage of you. I would make a stink with both the dealer (go to the owner) and BMWNA, because they did not offer you the best available rate. One line that should get their attention is "I'm going to tell everyone I know how poorly I was treated by XYZ Dealer/BMWNA." Unfortunately, Caveat Emptor (Buyer Beware) applies here, and you may have to write this one off as a learning experience.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On





All times are GMT -4. The time now is 10:35 PM.
vBulletin, Copyright 2020, Jelsoft Enterprises Ltd. SEO by vBSEO 3.6.0
2017 Xoutpost.com. All rights reserved. Xoutpost.com is a private enthusiast site not associated with BMW AG.
The BMW name, marks, M stripe logo, and Roundel logo as well as X3, X5 and X6 designations used in the pages of this Web Site are the property of BMW AG.
This web site is not sponsored or affiliated in any way with BMW AG or any of its subsidiaries.