Technically, yes. You didn't take delivery of the car, and if the dealership thought they could get you approved at .9% APR and couldn't, that's a bad job on them. I imagine they submitted at that APR to see if they could get you approved, and then found out the best they could do was 2.99% (which is still decent).
You could choose not to get the car, too. You haven't taken delivery, so you're not obligated to the car.
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Current: '21 M5C, '15 X6 50i Previous: '18 M550i, '16 550i, '11 335is, '09 E93 M3 DCT, '10 E90 335d, '07 E90 328i
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