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Is the BMW Financial Services finance rate negotiable?

April 26, 2017BMW Finance Financial Services negotiable rate

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Is the BMW Financial Services finance rate negotiable?

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There is a “buy” rate and a “sell” rate in automotive financing. The buy rate varies by lender and can be influenced by (among other things)applicant’s previous credit history, credit bureau “risk score”, down payment (loan-to-value ratio), …etc. The dealer earns “finance reserve” on the point spread between the bank’s buy rate and the rate at which the deal is written.