11-14-2020, 11:30 PM | #1 |
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2021 G05 xdrive40i signed, with PenFed incentive
Just want to share another data point using the Penfed incentive, there were quite a few threads recently regarding this topic but I couldn't find a conclusive one that solves all my doubts (so I tried it out myself!). I was able to apply the $3250 bonus cash for purchasing 2021 G05 xdrive40i financed with my own credit union instead of BMWFS nor PenFed. It seems to be still a fairly new thing that the FI manager didn't include it initially because he thought it's a post-sale rebate. It took me a hot sec to sort it out with him. I'm happy with the result though, now waiting for BMW CCA to cut me the $1k check to sweeten up the deal to 17% off
Shoutout to TurtleBoy and Auricom , I finally decided to drop the hammer after seeing your posts in this thread: https://g05.bimmerpost.com/forums/sh....php?t=1771691 One final nitty-gritty detail: this incentive is considered bonus cash, which means it's a direct reduction on top of MSRP, unlike the BMWFS incentive, which you still need to pay tax for. The sale tax is calculated after it's applied along with the dealer discount, at least in California. This may shake off another few hundred bucks off your final bill |
11-15-2020, 12:52 AM | #2 |
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WTH 17% off. You are making a Guinness world record by scoring such a good deal.
Lot or custom order? 17% inclusive of everything? rebates, incentives, CCA, Penfed, Fleet, UDE ?? MSRP and final cap cost? Need your dealer contact. My dealer is fucking playing BS games with me. Last edited by leasehackr; 11-15-2020 at 12:58 AM.. |
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11-15-2020, 10:39 AM | #4 |
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17% could only be possible if you combined PenFed with the APR cash or if you got an amazing deal up front. I had one dealer tell me that the APR cash was combinable with PenFed but several say it was not. Hopefully they don't run into issues when they try applying everything. Either way, awesome work on your deal!
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11-15-2020, 11:13 AM | #5 | |
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As far as 17% off, many folks here have achieved that level when they take into account all of the different incentives. |
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leasehackr456.50 |
11-15-2020, 11:15 AM | #6 |
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Makes sense. I think the BMWCCA incentive is what got them to the finish line.
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11-15-2020, 11:31 AM | #7 | |
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I’m only doing lease. Only loyalty and whatever BMW come with in Dec. |
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11-15-2020, 11:35 AM | #8 | |
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For example, looking at an MSRP of 65k versus 85k with both deals receiving 10% discount before incentives. The incentives would be: PenFed: 3,250 Loyalty: 1,000 BMWCCA: 1,000 Total incentives: 5,250 MSRP: 65,000 Discount: 6,500 Total Disc&Incent: 11,750 Combined Disc %: 18.1% MSRP: 85,000 Discount: 8,500 Total Disc&Incent: 13,750 Combined Disc %: 16.2 |
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11-15-2020, 11:44 AM | #9 | |
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It is good to have a wide range of information but that is all it is since it won't necessarily apply to any one specific situation. A 6% dealer discount can be terrible in one area and a great deal in another. It is then up to the potential buyer to choose to pursue other avenues for making an out of area purchase taking not account the extra costs and potential problems associated with that. |
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11-15-2020, 05:37 PM | #10 | |
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That's' why I always negotiate discounts before any rebates, incentives, fleet, UDE etc. since they change +/- every month and region to region. Historically the west region has the least amount of incentives available. The last time the same thing happened, When I booked the F15 45e order in 2017, NY already has 3-4K of EV rebate available in Oct but I didn't see the same EV rebate until Dec on the west coast. Lease hacker and other posting show that 11-12% before MSRP is doable with little negotiation if you are able to pursue multiple out of area volume dealers. Just FYI, I already have two cars ordered to replace two outgoing leases. The car arrived this weekend. Now the dealer is playing BS games. He is fucking fooling himself. I don't give a damn if he has a custom car which I ordered. There are close to 1000's dealers in the country and my old cars came from the other coast (NY) of the country. So back in the game again, probably go with 5.0 instead of 40i now. |
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11-15-2020, 06:28 PM | #11 |
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^ I don't want to hijack this thread but have to ask, what type of games is your dealer playing? I thought you had your deals in place when ordered.
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11-15-2020, 06:58 PM | #12 | |
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Placed the order and my understanding was that he is good with what I asked for X % wise before rebates/incentives and we will figure out the rebate part in Dec during delivery. Sent me txt yesterday "Can't do it" I told him GFU. I Don't care. I can get any other car if I want. One call to BMWFS and both leases extended to another 3 months from Dec. Currently in discussion with few other volume dealers in SoCal and other states. Should be finalized in a day or two. |
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11-15-2020, 07:20 PM | #13 | |
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11-16-2020, 01:44 AM | #14 | |
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11-16-2020, 01:50 AM | #16 |
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11-22-2020, 12:12 AM | #17 |
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two scenarios:
1) Penfed $3,250 and pay cash or finance on your own or with Penfed or 2) BMW $2,500 finance bonus (0.9% for 60 months) + $500 Penfed = $3,000 total with 0.9% financing Unless you can find a CU who can offer 0.9% or better, isn't it better to take option 2? |
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11-22-2020, 06:44 AM | #19 | |
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__________________
2021 BMW G20 M340i xDrive - Verde Ermes/Black - 03/2023.67
2019 BMW G05 X5 xDrive40i - Phytonic Blue/Cognac - 11/2023.50 |
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11-23-2020, 10:29 PM | #20 |
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It's actually only a $250 difference, not $500. I think I'm going to do the lesser of the two incentives with a 0.9% rate through BMW FS.
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