This isn't meant to be a complaint thread or anything of the like, rather curiosity to the differences between BMW NA and BMW UK.
In the US, the M4 currently has an offer of 3.2% until Sep 2nd. BMW UK...7.7%.
At launch, the M4 in the UK had something like a 4.9% rate. Either way, was still much higher than what you typically see in the US.
I'm not arguing the cost of the car itself, though the thing is 10K more Euro in the UK than it is in the US (sans tax), but as I understand it, the financing is determined somewhat by the regional arms rather than BMW AG, though the local dealerships would suggest otherwise.
They don't seem responsive to any questions or offering any possible deals either. While I appreciate the car is new and had a rather high demand, I struggle to find any real reason why interest rates are as high as they are, especially since you're now paying interest on a 20% tax.
That said, finance rates in the UK are generally ridiculous across the board, not specific to BMW or any manufacturer financing. In my case, I'm paying 10% for my Mini...stupid really.
So, those in the know...any back doors that exist to get a better rate when the offers aren't officially there or the background to why the rates are so high?
In the US, the M4 currently has an offer of 3.2% until Sep 2nd. BMW UK...7.7%.
At launch, the M4 in the UK had something like a 4.9% rate. Either way, was still much higher than what you typically see in the US.
I'm not arguing the cost of the car itself, though the thing is 10K more Euro in the UK than it is in the US (sans tax), but as I understand it, the financing is determined somewhat by the regional arms rather than BMW AG, though the local dealerships would suggest otherwise.
They don't seem responsive to any questions or offering any possible deals either. While I appreciate the car is new and had a rather high demand, I struggle to find any real reason why interest rates are as high as they are, especially since you're now paying interest on a 20% tax.
That said, finance rates in the UK are generally ridiculous across the board, not specific to BMW or any manufacturer financing. In my case, I'm paying 10% for my Mini...stupid really.
So, those in the know...any back doors that exist to get a better rate when the offers aren't officially there or the background to why the rates are so high?
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