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      01-13-2019, 11:49 AM   #13
Goneinsixtyseconds
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Drives: Q7 & Clubman JCW on order
Join Date: Dec 2016
Location: Chesterfield

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Quote:
Originally Posted by willjames View Post
Not quite sure how it works though, I think the bank organise the finance direct with the dealer. When you request detailed quote they ask for registration of the car and the postcode of the dealer. Wonder if all dealers would be part of this scheme though?

Seems unlikely if the bank is offering half their standard APR :
Half their standard APR yes, but not much differencne to what you can usually achieve if you haggle. 6.9% seems to be a figure they settle on quite a lot.

The half a % might not be worth the saving. It's also important to check the GFV, if BMW's is better than the banks, then the deal might not be as good as it looks.

Plus, if it's a pre reg, they'll still try it on at 12%, but they're allowed by BMW finance to match the new rates when they're pre reg and under a certain mileage. Sometimes that means 12% can become 0% for a pre reg.
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