[HarpreetGhuman]

Hi there,

I am about to start reaching out to some dealerships for a quote on the BMW X5 45e. My understanding till now regarding the APR was 0.9% (depending on good/great credit score of course). But today when I checked the "Build your X5" page at the BMW website, I saw it advertising a rate of 1.9%. And for some reason, I remember reading somewhere that 0.9% is the APR till 30 June 2021.

Is it correct that the 0.9% APR is valid till 30th June only? Also, if it is, what are the chances that once July starts they will again extend the same 0.9% APR going ahead (since I think they have extended this multiple times no?)

Thanks in advance for any info!!

[YuicyYumboYack]

Originally Posted by HarpreetGhuman

Hi there,

I am about to start reaching out to some dealerships for a quote on the BMW X5 45e. My understanding till now regarding the APR was 0.9% (depending on good/great credit score of course). But today when I checked the "Build your X5" page at the BMW website, I saw it advertising a rate of 1.9%. And for some reason, I remember reading somewhere that 0.9% is the APR till 30 June 2021.

Is it correct that the 0.9% APR is valid till 30th June only? Also, if it is, what are the chances that once July starts they will again extend the same 0.9% APR going ahead (since I think they have extended this multiple times no?)

Thanks in advance for any info!!

The 1.9% is for the 40i and the M50i. From the homepage, go all the way to the bottom, and click on Lease and Financing Offers, and you'll see that it's still 0.9% for the 45e.

If I had to guess, it will still be on 0.9% on July 1st, but I'm only basing that on the fact that it's been 0.9% for awhile now. Someone more knowledgable may have a better answer.

[HarpreetGhuman]

Originally Posted by YuicyYumboYack

The 1.9% is for the 40i and the M50i. From the homepage, go all the way to the bottom, and click on Lease and Financing Offers, and you'll see that it's still 0.9% for the 45e.

If I had to guess, it will still be on 0.9% on July 1st, but I'm only basing that on the fact that it's been 0.9% for awhile now. Someone more knowledgable may have a better answer.

Ah, okay! Thank you so much for this!

[Bimmer4me2]

So far, I have seen that 0.9% extended each time the deadline is reached.

[TurtleBoy]

The rates, and most incentives, are only valid for a month and then each month they are either renewed or changed. Also keep in mind that rates and incentives are regional so they can differ depending on where a dealer is.

[BMWdriver38]

I had a finance manager at BMW of Fremont tell me that BMW of Fremont "does not participate" in BMWFS .9%.

[TurtleBoy]

Originally Posted by BMWdriver38

I had a finance manager at BMW of Fremont tell me that BMW of Fremont "does not participate" in BMWFS .9%.

Dealers have the ability to mark up the money factor and the APR so that is probably what they mean by "does not participate".

[Bimmer4me2]

Originally Posted by BMWdriver38

I had a finance manager at BMW of Fremont tell me that BMW of Fremont "does not participate" in BMWFS .9%.

Hopefully you let him know that you "don't participate" with such dealers

I reached out to every dealer in my state. You could tell by the responses which are willing to deal

[Bimmer4me2]

I'm told that the incentives for 2022 X5's will be released on July 2nd or 3rd

[mattman0604]

Trying to pick up my 45e today and dealer said they would not honor the .9%. That national BMW FS sets standards but they always go 1% higher. I ended up going with 1.9% because I just wanted my car and after a hour of arguing I got no where. Then do find out PDI on the car wouldn't be done until tomorrow so I have to go back to pick it up.

Definitely a good way to piss a customer off.

[motherkin]

Originally Posted by mattman0604

Trying to pick up my 45e today and dealer said they would not honor the .9%. That national BMW FS sets standards but they always go 1% higher. I ended up going with 1.9% because I just wanted my car and after a hour of arguing I got no where. Then do find out PDI on the car wouldn't be done until tomorrow so I have to go back to pick it up.

Definitely a good way to piss a customer off.

Mind sharing how many % off MSRP did you get for ordering MY 22 X5 45e?

[bceye]

Originally Posted by motherkin

Mind sharing how many % off MSRP did you get for ordering MY 22 X5 45e?

Must be MY21. AFAIK MY22 will not be in production till August.

[YuicyYumboYack]

Originally Posted by mattman0604

Trying to pick up my 45e today and dealer said they would not honor the .9%. That national BMW FS sets standards but they always go 1% higher. I ended up going with 1.9% because I just wanted my car and after a hour of arguing I got no where. Then do find out PDI on the car wouldn't be done until tomorrow so I have to go back to pick it up.

Definitely a good way to piss a customer off.

Are you saying they didn't honor what they originally told you? I have in writing what the APR is going to be when I take delivery, and I also get the lower APR if it's different at time of delivery.

Totally understand that dealers can essentially offer whatever they want to, but I would be incredibly pissed off they told me one thing and then changed it later.

On $80K financed, the difference between 0.9% and 1.9% is a little over $400 / year, so in the grand scheme of things it's not terrible. Still, if I were in your shoes, I would tell people to go elsewhere.

Regardless, hope you're enjoying the vehicle!