[CincySurG05]

Originally Posted by wanderlustX5

That’s a good deal Suresh. I also received invoice - 2000 financing rebate and 1000 bmw cca rebate. 6% is the average discount people have received on forum.

Thanks! Yes i negotiated my discount based on what the folks from this forum got.

You got a great deal too, so if Invoice it is around 7% right ?

[Mark609]

Originally Posted by ven7782

You only receive the rebate when you take delivery of the car. At the time of delivery, the dealer will offer the rebate and remove that amount from your financing amount.

The way things to that might take a few months from the time the build order is submitted, right?

How long do folks have to wait to get their builds? Sales director says 3-4 weeks but I don't believe him.

[Mark609]

Originally Posted by CincySurG05

You got a great deal too, so if Invoice it is around 7% right ?

Invoice is .937 X MSRP. Most options like the Individual paint upgrades are a tad lower at .92 X MSRP.

[CincySurG05]

Originally Posted by Mark609

Invoice is .937 X MSRP. Most options like the Individual paint upgrades are a tad lower at .92 X MSRP.

Good info Mark, Thanks!

[ven7782]

Originally Posted by Mark609

The way things to that might take a few months from the time the build order is submitted, right?

How long do folks have to wait to get their builds? Sales director says 3-4 weeks but I don't believe him.

From order to delivery, it took 4 weeks for me.

[RJC]

I got the discount at delivery and paid it off a few weeks later. Dealer didn't give me a timeframe so I just pulled the trigger.

[CincySurG05]

Originally Posted by Mark609

The way things to that might take a few months from the time the build order is submitted, right?

How long do folks have to wait to get their builds? Sales director says 3-4 weeks but I don't believe him.

It took about 4 weeks for me too... I just created a new thread with my build details/timeline and pre-delivery pictures
https://g05.bimmerpost.com/forums/sh....php?t=1569807

[wanderlustX5]

Originally Posted by CincySurG05

Thanks! Yes i negotiated my discount based on what the folks from this forum got.

You got a great deal too, so if Invoice it is around 7% right ?

Invoice is about 0.937 x MSRP. I am a Gujju so tried my best to get the deal

[CincySurG05]

Originally Posted by wanderlustX5

Invoice is about 0.937 x MSRP. I am a Gujju so tried my best to get the deal

Haha, good brother! Thanks!

[Mark609]

Sales manager told me yesterday minimum is $7,500 and 3 installments before payoff. THAT is a no brainer.

[Mark609]

Originally Posted by wanderlustX5

Invoice is about 0.937 x MSRP. I am a Gujju so tried my best to get the deal

Am splitting hairs but I got 93.0% of MSRP, total discounts of $8,043 on a $67,635 build (price includes delivery).

Invoice is 0.938 X MSRP.

[thomas_Rp]

Anymore updates from others on this? I don't want my dealer to get fined.

Min amount $10,000 or $7,500
Minimum duration of financing: 3 installments(?)
Best APR 2.89%

[rmorin1249]

I was told MD law says you can pay off immediately. I plan to make 3-6 payments so dealer isn't back charged for the rebates. Not clear on how many payments are necessary to protect the dealer.

[Mark609]

Originally Posted by rmorin1249

I was told MD law says you can pay off immediately. I plan to make 3-6 payments dealer isn't back charged for the rebates. Not clear on how many payments are necessary to protect the dealer.

Like I said go with at least 3.

[2019x5User]

For my case: 10K + 3 months = no prepayment penalty, according to dealer FS.

[thomas_Rp]

Dealer in Texas is saying min financing amount is is $25,000, 3 months min. Can this be negotiated?

[******]

Mine was 9k and can pay it off after four payments.

[rmorin1249]

Unless these minimum amounts financed and minimum months to pay off vary by state I think dealers are blowing smoke. I was told in MD that state law allows any auto loan to be paid off immediately with no prepayment penalty. As far as the dealer being charged for the incentive I'm still not clear if this is the case and how many payments need to be made to prevent this from happening.

[X5_CC]

My dealer told me to make at least 4 payments or they would get charged back for the rebate. So I paid ~90% of the loan balance on the first payment to eliminate almost all of the interest, and then the remaining 10% over the next 3 payments.

[thomas_Rp]

Originally Posted by X5_CC

My dealer told me to make at least 4 payments or they would get charged back for the rebate. So I paid ~90% of the loan balance on the first payment to eliminate almost all of the interest, and then the remaining 10% over the next 3 payments.

You are the real MVP!

[X5_CC]

Originally Posted by thomas_Rp

You are the real MVP!

Thanks Also in answer to your question, I financed less than $25k in Texas. I wanted to finance the least amount that I could, but they made me finance the whole difference between the new X5 and my trade (~$16k) in order to get the rebate.

[2019x5User]

Originally Posted by X5_CC

My dealer told me to make at least 4 payments or they would get charged back for the rebate. So I paid ~90% of the loan balance on the first payment to eliminate almost all of the interest, and then the remaining 10% over the next 3 payments.

You will pay interest for 4 payments anyway, I don't see how you can save more by paying 90% in 1st payment: