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Hi, I’m looking for car finance for a BMW M3 that I have seen at my local BMW dealer. I thought that they would have been able to quote me a reasonable rate of interest but the salesman there has given me monthly figures based on an APR of 13.9% which sounds high to me. He made some excuse about rates going up recently but I thought the base rate was only 0.5% I own my own home and have always paid things back on time so would have thought I would get a rate below 10%? I want to borrow £20,000 and pay it back over 4 or 5 years depending on the payment. Can you help?

Hi Aasim and thanks for your email. I know how you feel as a lot of customers at The Car Loan Warehouse felt exactly the same way and what they found was they we could save them money. So I don’t think you are wrong in thinking that you should be able to get a better deal and an interest rate below 10% should be achievable if your credit history is good which it sounds like it is. Most BMW dealers should be able to offer you a better deal than this so I don’t know why this one didn’t but don’t worry we can arrange BMW finance for you. Could you please take ten mienutes to fill in our online application form so that we can get you approved with one of our lenders and we will call you back within sixty minutes with a decision and to obtain the details of the BMW M3.

You can also view our car finance page for more information or our car finance calculator to give you an idea of monthly payments.

If you would like to speak to us first or have any questions please call us on 0800 066 2888 or email us at


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About The Expert

Jon Le Roux is co-founder and company director of The Car Loan Warehouse. Being a mad engineering and motorsport enthusiast, I spend more hours than is healthy, watching, reading or talking about cars, boats, motorbikes…..basically anything with an engine.