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      09-04-2021, 07:26 PM   #23
GrussGott
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Originally Posted by njnets21 View Post
I understand what you're saying but PenFed is very clear that their rebate is available to all members. They could easily make it military only because they do differentiate military accounts and yet they give it to all members anyway.
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Originally Posted by TurtleBoy View Post

You are misunderstanding that rebate, it is not PenFed's rebate to give.
This isn't making much sense, but then the PenFed rebate has never made sense to me unless it IS PenFed's rebate to give:

* If you use BMWFS, then $500 or whatever based on their table

* If you pay cash, then $3250 or whatever based on their table

This was always available AFAIK (at some $ amount), even during USAA times, as I used it then.

It's obviously some deal between BMWNA & PenFed (negotiated for PenFed members, just like BMWCCA does for its members), and EXCLUDES BMWFS:
Special BMW Incentive offer is valid at any authorized BMW Center in the United States. Cash incentives are not applicable for vehicles leased/financed through BMW Financial Services. Member must take retail delivery January 4, 2021 - January 3, 2022. Incentive offer is subject to change without prior notice. This incentive offer is available to PenFed members. BMW requires presentation of a photo ID your BMW Manufacturer Certificate with a unique Customer ID and Offer Code. Visit the PenFed Car Buying Service to receive BMW Certificate. One incentive per member, per offer code, per calendar year for new BMW vehicles. Eligible member must be the purchaser. See your authorized BMW Center for complete program details.
In other words, it appears that IT IS PenFed's rebate to give!

That is, PenFed has negotiated a rebate with BMWNA for their customer members (why? To boost high $ members!) ... and BMWNA has pushed it down to the dealers via their franchise agreement.

You must be a PenFed member - if so, you get the negotiated PenFed rebate per BMWNA:



Per that 2nd to last line, the dealership is submitting a claim to PenFed for payment (i.e., the RDR is when the dealer informs BMWNA that a vehicle has been officially sold)
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      09-04-2021, 07:41 PM   #24
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Quote:
Originally Posted by GrussGott View Post
This isn't making much sense, but then the PenFed rebate has never made sense to me unless it IS PenFed's rebate to give:

* If you use BMWFS, then $500 or whatever based on their table

* If you pay cash, then $3250 or whatever based on their table

This was always available AFAIK (at some $ amount), even during USAA times, as I used it then.

It's obviously some deal between BMWNA & PenFed (negotiated for PenFed members, just like BMWCCA does for its members), and EXCLUDES BMWFS:
Special BMW Incentive offer is valid at any authorized BMW Center in the United States. Cash incentives are not applicable for vehicles leased/financed through BMW Financial Services. Member must take retail delivery January 4, 2021 - January 3, 2022. Incentive offer is subject to change without prior notice. This incentive offer is available to PenFed members. BMW requires presentation of a photo ID your BMW Manufacturer Certificate with a unique Customer ID and Offer Code. Visit the PenFed Car Buying Service to receive BMW Certificate. One incentive per member, per offer code, per calendar year for new BMW vehicles. Eligible member must be the purchaser. See your authorized BMW Center for complete program details.
In other words, it appears that IT IS PenFed's rebate to give!

That is, PenFed has negotiated a rebate with BMWNA for their customer members ... and BMWNA has pushed it down to the dealers via their franchise agreement.

You need to a PenFed member - if so you get the rebate per BMWNA.

Incorrect, you have some bad information and assumptions. It only came about when USAA gave up administering it. (EDIT: Correction - it appears it was available starting 11/2019 and the USAA car buying service ended 9/30/20) It was the easiest way for BMW to replace USAA. Now BMW has their own validation as well as using TrueCar. That is why BMW considers it a Type J military incentive.

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Just look at the rules/details for the military incentive and the PenFed incentive, they are the same except for the name substitution just like it used to say USAA.
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      09-04-2021, 09:55 PM   #25
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Picked up my 45e last week and I went in with the plan of doing BMWFS (already did the app and was approved), $750 loyalty, and $500 USAA. The finance manager ended up giving me the $3250 and offered financing with an outside bank (TD Bank). I didn’t have time to finance with PenFed due to the 60 days. It was a better overall deal for me and the finance manager was the one who suggested it.

They don’t really deal (especially now), but they were straightforward. I was surprised they offered me an option outside of BMWFS that wasn’t PenFed + $3250? Maybe I just didn’t understand how the $3250 works?
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      09-04-2021, 10:00 PM   #26
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Quote:
Originally Posted by fsujmt View Post
Picked up my 45e last week and I went in with the plan of doing BMWFS (already did the app and was approved), $750 loyalty, and $500 USAA. The finance manager ended up giving me the $3250 and offered financing with an outside bank (TD Bank). I didn’t have time to finance with PenFed due to the 60 days. It was a better overall deal for me and the finance manager was the one who suggested it.

They don’t really deal (especially now), but they were straightforward. I was surprised they offered me an option outside of BMWFS that wasn’t PenFed + $3250? Maybe I just didn’t understand how the $3250 works?
There is no USAA incentive, that was ended on 9/30/2020. What you received was the BMW military incentive. Being a USAA member qualifies you for that. For the X5's that is $500 when you lease/finance with BMWFS or $3,250 when you don't. In your case the dealer likely made money from referring you to non-BMWFS financing.
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      09-04-2021, 10:04 PM   #27
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Originally Posted by TurtleBoy View Post
There is no USAA incentive, that was ended on 9/30/2020. What you received was the BMW military incentive. For the X5's that is $500 when you lease/finance with BMWFS or $3,250 when you don't. In your case the dealer likely made money from referring you to non-BMWFS financing.
Win/win situation then.

I did the ID.me using my USAA credentials—prob why I call it a USAA incentive. But that would have gotten me the $500 if I ended up going BMWFS.
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      09-04-2021, 10:07 PM   #28
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Originally Posted by fsujmt View Post
Win/win situation then.

I did the ID.me using my USAA credentials—prob why I call it a USAA incentive. But that would have gotten me the $500 if I ended up going BMWFS.
Yes, it worked out good for both.

Congratulations. Good luck, enjoy and be safe.
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      09-04-2021, 10:29 PM   #29
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Originally Posted by TurtleBoy View Post
Incorrect, you have some bad information and assumptions.
Yeah, only that makes zero sense unless BMWNA & PenFed are too stupid to manage a rebate only for the military - is that what you're saying?

Because every word on the PenFed site & in all of their documentation says this is a rebate to PenFed members - there is no mention of military in the PenFed documentation - redeemable by dealers through PenFed just like BMWCCA's rebate to its members.
This incentive offer is available to PenFed members. This BMW Manufacturer Certificate includes your unique Customer ID/Offer Code to redeem your PenFed Member Savings. Please see the form for applicable incentive offers in addition to full terms and conditions. Bring this certificate to any authorized BMW Center when you purchase your new BMW. If you did not receive an Offer Code please call 877-638-4124 Mon-Fri, 7am-10pm and Sat, 8am-6pm CST to confirm your eligibility for this manufacturer incentive.
We've been PenFed members since at least 2013, maybe earlier, which was our first BMW/PenFed rebate.

Not that it matters much - the PenFed rebate is available to all, so calling it a military rebate when it's not seems kinda disrespectful.
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      09-05-2021, 06:16 AM   #30
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Quote:
Originally Posted by GrussGott View Post
Yeah, only that makes zero sense unless BMWNA & PenFed are too stupid to manage a rebate only for the military - is that what you're saying?

Because every word on the PenFed site & in all of their documentation says this is a rebate to PenFed members - there is no mention of military in the PenFed documentation - redeemable by dealers through PenFed just like BMWCCA's rebate to its members.
This incentive offer is available to PenFed members. This BMW Manufacturer Certificate includes your unique Customer ID/Offer Code to redeem your PenFed Member Savings. Please see the form for applicable incentive offers in addition to full terms and conditions. Bring this certificate to any authorized BMW Center when you purchase your new BMW. If you did not receive an Offer Code please call 877-638-4124 Mon-Fri, 7am-10pm and Sat, 8am-6pm CST to confirm your eligibility for this manufacturer incentive.
We've been PenFed members since at least 2013, maybe earlier, which was our first BMW/PenFed rebate.

Not that it matters much - the PenFed rebate is available to all, so calling it a military rebate when it's not seems kinda disrespectful.
Now you are posting nonsense to try and confuse the situation.

Please look at all of the information that has been posted. It is definitely a military incentive. You keep posting the wording on the offer but that is the same working that was on USAA and is currently on the TrueCar offer.

Just look at the eligibility requirements that were sent to the dealers when BMW announced that they would be handling Military discounts on their site using ID.me.

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Not that anyone but you needs a recap but here it is.

1. All rules/details for the PenFed rebate are the same as the BMW military rebate.

2. BMWFS notes on their stickability matrix that PenFed is a Type J Military incentive.

3. When BMW announced they will be processing the military incentive through ID.me one of the ways to meet the eligibility requirements was to be a member of PenFed for 60 days.


This is my last post to you concerning this, I'm not going to fall into the trap of your well-known trollish behavior.
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      09-05-2021, 06:42 AM   #31
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It's quite simple - BMW uses these "military banks" as a way to offer a military discount simply because MOST of the members have a connection to the military, knowing that it is possible to become a member without being military, but simply having no other way to validate it for sure.

It is a military discount offering MANUFACTURER BONUS CASH, thus there's no disincentive for a dealership to accept it.
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      09-05-2021, 11:14 AM   #32
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So has anybody reading this thread received the PenFed rebate that was NOT associated with the military? That would settle this debate, right?
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      09-05-2021, 11:18 AM   #33
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Quote:
Originally Posted by JoeyO View Post
So has anybody reading this thread received the PenFed rebate that was NOT associated with the military? That would settle this debate, right?
There is no debate, all information from BMW says it is a military incentive. Non-military can get it since PenFed allows non-military to join and a membership of 60 days or more is all that BMWFS requires as eligibility.
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      09-05-2021, 03:23 PM   #34
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Quote:
Originally Posted by JoeyO View Post
So has anybody reading this thread received the PenFed rebate that was NOT associated with the military? That would settle this debate, right?
I'm not military and I got the PenFed rebate two weeks ago. All you need to do is be a member of PenFed for 60 days. To become a member you simply set up a savings account. I didn't even need to deposit a single dollar.
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      09-05-2021, 03:27 PM   #35
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I've been a Penfed member since 2010. At the time you had to make a small donation to a military charity in order to become a member. I am not military. Using the rebate for my 45e arriving next month.
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      09-05-2021, 04:46 PM   #36
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Does each dealership have to honor the penfed rebate?
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      09-05-2021, 05:47 PM   #37
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Quote:
Originally Posted by G05xG30 View Post
Does each dealership have to honor the penfed rebate?
As far as I know, they have to honor all BMWFS incentives. There is no gain for them not to since the money comes from BMW.
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      09-05-2021, 05:52 PM   #38
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Originally Posted by allinon72 View Post
I've been a Penfed member since 2010. At the time you had to make a small donation to a military charity in order to become a member. I am not military. Using the rebate for my 45e arriving next month.
I've been a member since 2013 and didn't have to make a donation to join AND have gotten a PenFed rebate for every BMW we've bought since 2013 ...

So the PenFed rebate is functionally NOT a military-only discount (not in 2010 or 2013 or 2021), thus insisting it's a military rebate is silly.

and wrong.

and confusing to newbies.
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      09-05-2021, 06:03 PM   #39
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It seems like it's kind of a hidden gem. I was under the impression it was a military incentive/rebate. I'm glad it's been clarified that it's not just for military but for anyone who makes a penfed account 60 days prior to purchase.
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      09-05-2021, 06:08 PM   #40
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Quote:
Originally Posted by GrussGott View Post
Quote:
Originally Posted by allinon72 View Post
I've been a Penfed member since 2010. At the time you had to make a small donation to a military charity in order to become a member. I am not military. Using the rebate for my 45e arriving next month.
I've been a member since 2013 and didn't have to make a donation to join AND have gotten a PenFed rebate for every BMW we've bought since 2013 ...

So the PenFed rebate is functionally NOT a military-only discount (not in 2010 or 2013 or 2021), thus insisting it's a military rebate is silly.

and wrong.

and confusing to newbies.
No one has claimed that it's military only. BMW just classifies it as a military discount. Nuance is important.
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      09-05-2021, 06:14 PM   #41
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I feel a lot of people are under the impression it is military related and that's why you don't see it used often.
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      09-05-2021, 06:51 PM   #42
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Quote:
Originally Posted by G05xG30 View Post
Does each dealership have to honor the penfed rebate?
As far as I know, they have to honor all BMWFS incentives. There is no gain for them not to since the money comes from BMW.
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      09-05-2021, 07:22 PM   #43
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Originally Posted by allinon72 View Post
No one has claimed that it's military only. BMW just classifies it as a military discount. Nuance is important.
Nuance is important functionally for what?

The BMW PenFed rebate is available to anyone who's been a PenFed member for 60 days or more - and PenFed membership is open to all. Period.

To state any more than that is to needlessly confuse people for no benefit; to them, to BMW, or to the US Military.

Clarity & simplicity is important.
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      09-05-2021, 07:27 PM   #44
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Quote:
Originally Posted by G05xG30 View Post
I feel a lot of people are under the impression it is military related and that's why you don't see it used often.
Overall very few people even know it is available. If the dealer doesn't mention it and the buyer is not a forum member, they likely would have to be a member of PenFed to run across it.
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