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Originally Posted by 4NIQUES
Totally off topic - just wanted to add my stupid 2 cents in here - again totally off topic - I have been a customer of BMW Financial for 16 years in 2024. I have owned 8 BMWs - during this time - there were moments I had very weak credit but solid down payments and was approved. When I asked why - they said I have never missed a payment plus $5,000 to $10,000 down each and every purchase helps. I am pointing out that credit at times has nothing to do with approvals. I just put $70,000 down on my M4 (but also had good credit) - I heard a down payment of 20 to 30% or more - gets you a GUARANTEED APPROVAL.  |
Putting 20% down almost guarantees you just covered the spread on depreciation from driving it off the lot, that's probably why. Now they don't care if you keep paying or if they repo, they make money either way.