11-16-2021, 10:06 PM | #199 | |
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The TrueCars is if you also go with PenFed for financing; that lowered their rate from 1.99% to 1.49% for 60 mo’s / 5 years. That’s a great rate you got yourself! |
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11-18-2021, 09:42 AM | #200 |
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I was able to jump through the hoops and get 0.99. it couldn't have been any easier.
Just checking it, the membership rebate generates on day 61 correct?
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11-18-2021, 10:40 AM | #201 |
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11-18-2021, 03:47 PM | #202 | |
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Yes there's hoops, but it's easy and it was laid out in another thread. Your dealer needs to be part of truecar network first.
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11-18-2021, 09:15 PM | #203 |
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Hi,
My car just got to the dealership and got off the phone with the Finance person who said he needs the PenFed code in order to process the rebate. I don't have the code since it hasn’t been 60 days since my account was open at PenFed. Currently my options are: 1. Call PenFed to see if they can send me the code ahead of the 60 day period 2. Convince my dealer what you all have been saying in this thread that the PenFed rebate is just bring your own financing rebate and they should honor the discount as long as the loan is processed with full payment. I'll call PenFed in the morning for #1 but does anyone have experience with option #2 and offer me any guidance? Thanks a lot! Last edited by gunjanshah21; 11-18-2021 at 10:21 PM.. |
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11-18-2021, 10:32 PM | #204 | |
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11-18-2021, 11:59 PM | #205 |
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If you are a vet, bmw has a non-penfed program using id.me for military discounts (maybe they will use this in lieu of penfed in the future)
If you are, try this… https://www.bmwusa.com/special-offer...incentive.html Worked super easy for me to get the discount. I am also a penfed member but this was much easier to get the customer id and offer code. Hope that might help. Geoff |
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11-19-2021, 12:14 AM | #206 |
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I think what folks are saying is this is "supposed" to be a military/vet discount but with the switch to penfed it not longer is, it is a test of being a penfed member for 60 days (see above for how to get the military discount without joining penfed)
They used to use USAA membership to verify, where you had to be at least related to a military or former military member. Switching to penfed might have thought/seemed equivalent to USAA… if someone was a penfed member they "should" be related in some way to a vet…. But obviously that is not the case, thus there is effectively a loop hole (60 day penfed membership) as one does not have to be related to a current or former military member to join. So… It is not just any financing (then it would be a discount for everyone). It is supposed to be for military for which being a penfed member seemingly was supposed to be the test, though in reality it is just a test of if you can join penfed at least 60 days prior to completing the purchase. I hope they figure all this out someday to actually have a military and veteran discount. My 2 cents. Last edited by Gstahl; 11-19-2021 at 10:35 AM.. |
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11-19-2021, 03:41 AM | #207 | |
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11-19-2021, 04:13 AM | #208 | |
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Or said a 3rd way, validating through ID.me instantly qualifies active/former military for the PenFed rebate, whereas non-military have to be a PenFed member for at least 60 days. Does that all seem accurate? |
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11-19-2021, 10:34 AM | #209 | |
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** by the way, credit where credit I due, I saw the id.me/BMW link on this site in one of the discussions so whoever posted that originally, thanks!!! |
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11-19-2021, 11:01 AM | #210 | |
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11-19-2021, 02:11 PM | #211 | |
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We get it, Turt, you believe confusing dealerspeak is better for normal people just trying to get what every other manufacturer calls "the penfed rebate" Plain-speak:The PenFed Rebate (1.) Available instantly to any current/former military through ID.me (2.) Available to non-military who've been members of PenFed for >60 days |
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11-20-2021, 05:54 PM | #213 |
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That is correct. One of the ways to qualify for the Domestic Military discount is to be a member of PenFed for more than 60 days.
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11-20-2021, 09:35 PM | #214 | |
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The two current PenFed requirements for BMW are: (1.) You be a member for > 60 days, and (2.) You not use BMWFS financing UNLESS, you're current or former military in which case you can 'skip the line' and simply apply via ID.me right away. |
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11-23-2021, 02:53 PM | #216 | |
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-$500 Incentive for Lease and Retail Loan financed through BMW Financial Services. Exception: BMW FS Lease not available for i3. Cash incentives are not applicable for vehicles leased/financed through BMW Financial Services. |
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11-23-2021, 04:17 PM | #217 | |
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11-29-2021, 08:06 PM | #218 | |
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11-29-2021, 08:24 PM | #219 | |
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You can also go to TrueCar and once you verify with ID.me then you can print/download an offer form to give to your dealer.
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11-29-2021, 10:03 PM | #220 |
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I don't expect to take delivery until mid-Feb on my 45e. Sounds like I'll need to re-do offer code for the discount if it ends in January? Would be a big bummer if they renew at a much lesser amount!
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