Last post on Dec 11, 2013 at 10:07 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, SUV
#2102 of 2565 November credits
Nov 02, 2011 (2:06 pm)
I ordered an X5 on October 24th and only received the NAV credit for the deal. I did not qualify for the loyalty credit because I did not currently own my last BMW (must have owned within the last 12 months, even if it was a 2005 or later).
With these new incentives for November, would it seem likely I should get the additional $1000 credit if I finance with BMW. I think if the incentive is BMW to customer, I should. I know the NAV credit was factory to dealer (which some dealers refused to give up when I was shopping)
I got an ok deal. Sticker was $61, 250 and I paid $56, 600.
Many of the dealers in my area Balto/DC metro would not do better than the price I got. Most offered a much higher price during my search. When I give my lowest offer, I did not hear from them again. All cars in this area are order only. No X5s on any lots.
Should I push for this credit (assuming the car comes in this month) or am I not eligible since it was not in the original deal. I did not make any finance commitments when I ordered the car.
#2103 of 2565 Re: November credits [cidsou]
Nov 02, 2011 (9:36 pm)
You can always cancel the order, all x5 are built to order, the factory is set for just in time inventory, dealers do not stock them, even in California. If you qualify for the credit you should get it period, tell the dealer you will give your business to another one if they deny you.
#2104 of 2565 Re: November credits [ab10000]
Nov 02, 2011 (10:10 pm)
How long before you can cancel the order? is there time e.g. within a week or something?
#2105 of 2565 2012 35d Deal
Nov 03, 2011 (10:41 am)
I'm looking to trade my 2009 35d on a new 2012 35d. Looking for guidance on whether or not I'm leaving money on the table.
The trade is a 2009 X5 35d with 36K miles, in very good condition. No wrecks, non-smoker. Equipment includes the brushed alum running boards, premium pkg, cold pkg, nav, comfort access.
Payoff for Trade: 41,989
MSRP (2012): 63,925
Incentives: 2500 ECO, 1730 Nav, 1000 Loyalty
Cash down: 1000
BMW Select for 60mo. at 6.9% (ouch!)
Monthly payment: 830
Thanks in advance. Viva la diesel!
#2106 of 2565 Re: 2012 35d Deal [35d_ude]
Nov 03, 2011 (10:11 am)
That looks like a straight up, honest deal. If you can do better with financing elsewhere, go for it. Getting credit from BMW is usually easier. Credit score determines your rate.
#2107 of 2565 Re: 2012 35d Deal [gregbmwjones]
Nov 03, 2011 (10:51 am)
I guess my sticking points on this are part emotional, and part hesitation regarding the trade value.
(1) I wanted to stay closer to a 750/mo. payment, and (2) I feel like they could give me the payoff value for the trade (41,985), and still make a good profit on the deal.
If you were in my position, and wanted to negotiate it down further - what would look to focus on? Trade value, purchase price, or both?
#2108 of 2565 BMW Select rates
Nov 03, 2011 (6:41 pm)
Dealer is telling my BMW Select interest rate is higher in Ohio. They are telling me 6.9% for top tier. Can anybody confirm what the Select rate is in other states?
#2109 of 2565 Re: 2012 35d Deal [35d_ude]
Nov 03, 2011 (11:01 pm)
It seems that you are not getting any break on the purchase price just the typical credits, I would shop around.
The trade in value is fair.
If your credit is poor than 6.9 is ok.
Bank of America is giving 2.9 for 72 month.
Side question, why diesel?
#2110 of 2565 Re: November credits [abhiku]
Nov 03, 2011 (11:00 pm)
Dealer here in California told me that if I place an order, I can cancel even if the car is here and I test drive.
The car has to leave the lot for the contract to be valid.
Check with your state and other BMW.
Do your homework because the dealer will never tell anything that can get you out of deal they love.
There are many BMW salesman on this form, hope they can give you some honest advise
#2111 of 2565 Re: November credits [ab10000]
Nov 03, 2011 (11:03 pm)
That is true. You can cancel the order after the car arrives. You have to sign final paperwork and drive off the lot to take ownership. I ordered my first BMW custom from Germany back in 2002 and it was the same deal then.