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      01-10-2013, 07:47 PM   #19
First Lieutenant

Drives: 335xi M Sport
Join Date: Jan 2013
Location: Boston, MA

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Originally Posted by Tsuyoi View Post
Any major bank offers financing for autos. You go about it much the same as a normal loan or mortgage: walk in, talk to a rep, they'll check your credit etc, give you some options of terms and such, sign paperwork, and then they'll issue a check for the loan which you can take to the dealer.

Typically you can either get fixed rate (which is usually slightly higher than current market rate, but guaranteed not to change for the duration of the loan) or variable (at current market rate and will change with market rate), and choose from anything from a 24 month loan to a 60 month loan.

If you decide to finance through BMW, your dealer will walk you through the whole process (no need to go online first yourself). You may also be able to take advantage of any incentives BMWNA offers for their financing at that time.
Thank you.