BMW Financial Approved

[MownGo]

Best car buying experience ever, had 4 auto loans on my credit too and the only stipulation was to trade in a vehicle which I planned on doing that anyways, one vehicle is my wife's and then I have a motorcycle which is a low balance and $6k on another vehicle. No proof of income and bought a 2011 BMW 328i that has never been titled so it was classified new, said I could of bought any car on the lot. Also no money down was required but I ended up putting a measly $200 down because I wanted a even payment. Only required my income because my wife is a homemaker.

[douginsea]

did your wife co-sign as well? and if so what is her scores?

[MarvBear]

congrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrats!!!!!!!!!!!!!!!!!!!!!

[MownGo]

No she did not co-sign, all 4 vehicles are just in my name, the only thing on my wife's credit report is a Macy's account, that's good and bad I guess.

 

 

name='douginsea' timestamp='1343004890' post='4720225']

did your wife co-sign as well? and if so what is her scores?

[douginsea]

congrats...

[djransom]

Congrats, but how did you pull that off without proof of income?

[TheBanker]

Very nice! I just picked up a similar deal on a 2011 328i (close out deal since the 2012s just came out), and I'm loving the car. Loving my Bimmer.

[trying_to_improve]

I have a 2013 on order. I'm doing European delivery in a month. I can't wait!

[TheBanker]

I have a 2013 on order. I'm doing European delivery in a month. I can't wait!

 

I really want to do that with my next BMW. Looks like an awesome experience!

[pureadrenaline]

If you don't mind me asking what was the price before tax and fees?

[trying_to_improve]

I got mine for $1000 over european delivery invoice.

[MownGo]

I can think of really only one time I've had to show proof of income and I have bought alot of cars, i'm 34 years old and probably have bought 18 cars so far in my lifetime, I applied online and actually got a denial, I went to the dealership at 1030 and asked why and they said oh it would be approved if you traded a car in (had 3 cars and a motorcycle on my credit report just in my name), I said that was the plan, picked the car out, test drove it, waited around the showroom for maybe 20 minutes, they detailed the car and I signed the paperwork. I was on the road at 1245. This is a wonderful machine and my 30 minute drive to work is a lot more enjoyable.

 

 

 

 

Congrats, but how did you pull that off without proof of income?

[MownGo]

I agree and xxxxxxxxxxxxx, just put my yard sign out today..that's for another forum though

 

Very nice! I just picked up a similar deal on a 2011 328i (close out deal since the 2012s just came out), and I'm loving the car. Loving my Bimmer.

[mommy55]

whoa!! what state??

im going to need a new one. I have a 2000 323ci w/ 100k miles. Its in excellent condition. best car i ever had. i was thinking about a 2009-2011 335i with 10k down and trading mine in.. i was scared because car interest rates are always so high ....but if u got 4% with only a 610 score and barely nothing down..that is motivating me like heck!!!!

also i don't want to pay more then 35K.

Edited July 29, 2012 by mommy55

[MownGo]

Florida, paid $32,900 for mine, it was a leftover 328i, great car and great car buying experience

 

 

 

 

quote name='mommy55' timestamp='1343592134' post='4724750']

whoa!! what state??

im going to need a new one. I have a 2000 323ci w/ 100k miles. Its in excellent condition. best car i ever had. i was thinking about a 2009-2011 335i with 10k down and trading mine in.. i was scared because car interest rates are always so high ....but if u got 4% with only a 610 score and barely nothing down..that is motivating me like heck!!!!

also i don't want to pay more then 35K.

[mommy55]

wow..awesome deal!!!!!!! thks for sharing

[pockalypse]

Congrats on the approval!

 

If you don't mind sharing, what (if any) baddies are on your CR?

[MownGo]

I have a BK from 2004 but that's about, a couple 30 day lates a few years ago

 

 

 

 

 

quote name='pockalypse' timestamp='1345225055' post='4734418']

Congrats on the approval!

 

If you don't mind sharing, what (if any) baddies are on your CR?

[Guest KristofsMom]

Congrats! I wanted to ask if you leased or straight out purchase?

[MownGo]

Purchased, 4.9% for 72 months

 

 

Congrats! I wanted to ask if you leased or straight out purchase?

[ilrslr3]

Congratulations!!!!!!!!

[gemmabell86]

I just don't understand. I probably can't even get approved for a Civic, let alone a BMW, and I've never filed BK. How the HECK do you get approved without showing proof of income?!

 

WTF?

[pureadrenaline]

I just don't understand. I probably can't even get approved for a Civic, let alone a BMW, and I've never filed BK. How the HECK do you get approved without showing proof of income?!

 

WTF?

 

With a good credit and job history.

 

I purchased a 2012 Silverado 1500 LT Crew Cab for $33,000(a little more than this BMW), no proof of income required and only put down 2 grand. I'm 24 with no other auto loans and only got my first credit card 2 and a half years ago.

[CreditHead]

Congrats!!!!

[scls]

I just don't understand. I probably can't even get approved for a Civic, let alone a BMW, and I've never filed BK. How the HECK do you get approved without showing proof of income?!

 

WTF?

 

With a good credit and job history.

 

I purchased a 2012 Silverado 1500 LT Crew Cab for $33,000(a little more than this BMW), no proof of income required and only put down 2 grand. I'm 24 with no other auto loans and only got my first credit card 2 and a half years ago.

Are they prime cards?

 

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