billy2shots Posted August 6, 2006 Report Share Posted August 6, 2006 Does anyone know what the rate BMW charge for HP. about a year ago im sure they said 4.6%. Anyone know if this is right and is it the same for BMW approved (second hand from their dealership). Quote Link to comment Share on other sites More sharing options...
gizze Posted August 6, 2006 Report Share Posted August 6, 2006 4.6% base, not apr, BMW are buggers for not mentioning it is not apr. You want to get between 6 and 7% apr from a lender at the moment with balanced payments so you don't get stung if you want out early. And make sure the admin fees are no more than about £150. But look at the montly figure they give you so you can spot if there are any hidden costs. BMW finance is usually around 9%. Use this calculator and put 7% in to get an idea of what you should be paying at the most. http://www.dynamic-webs.co.uk/information/car_loan_calculator.html Quote Link to comment Share on other sites More sharing options...
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