Quote:
Originally Posted by qscpkn
Hi all,
I ordered an X5 in March (financing) with 2000 APR credit and 750 conquest credit + 3.29 APR.
The car arrived in April however due to stay at home order I haven't picked it up yet (didn't sign anything).
I plan to take delivery sometime this month, and see the APR credit became 2500 and APR became 0.9%, does that mean now I could take advantage of the extra 500 and lower APR? so total rebate I can ask from the dealer is 3250 (2500 + 750) and 0.9 APR?
Thanks!
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From what I see on my dealer's website, the X5 xDrive 40i has $2500 (if financed via BMW) plus $1000 loyalty or $500 conquest. X5 xDrive 50i has $3500 (if financed via BMW) plus the $1000 loyalty or $500 conquest. The other option appears to be $3500 for the X5 xDrive 40i if you bring your own financing but I'm not sure if you can combine with the loyalty or conquest. You would think it could be combined but elsewhere it suggests the max one could get by combining is $3500 total for the 40i and $4500 for the 50i.
We are in a similar situation as we ordered in March and the car is sitting in Oxnard waiting to be put on a trailer so it should arrive this month. But it would appear the biggest difference between then and now in the incentives is the 0.9% interest rate. Cash improved by $250 but depending upon one's credit rating and how much you were going to borrow, the loan rate is where they provide the most interesting offer. Presumably they can do this because of the low cost of borrowing right now.