[HeynowbababooeyAckAck]

Originally Posted by Tek-dad

Let me start by saying I know almost nothing about the car business.

But I think I heard that the dealers make money off of their service department once you buy the car. If that is the case why would a dealer want to sell to someone far away at a huge discount. Not only is there the huge discount but no possibility of an income stream via the service department.

Like I said, I know next to nothing. But I do have some business sense I’ve picked up over the years.

I live very close to the dealership, I’ve had a relationship servicing my wife’s current X5 there. This one member who signed up for an account on here (fortmill2012) on 12/7/19 and has only posted in this thread, who has yet to post in any other thread but mine is saying I live in California. You couldn’t pay me to live in a state who taxes their high income producing contributing residents at 13.3%. I unequivocally do not live in California.

[thereef510]

Originally Posted by HeynowbababooeyAckAck

I live very close to the dealership, I’ve had a relationship servicing my wife’s current X5 there. This one member who signed up for an account on here (fortmill2012) on 12/7/19 and has only posted in this thread, who has yet to post in any other thread but mine is saying I live in California. You couldn’t pay me to live in a state who taxes their high income producing contributing residents at 13.3%. I unequivocally do not live in California.

you still have yet to answer the question about how you're getting a 2000 dollar BMWNA rebate on a lease?

[HeynowbababooeyAckAck]

Originally Posted by thereef510

you still have yet to answer the question about how you're getting a 2000 dollar BMWNA rebate on a lease?

1250 loyalty is all I know that I am able to receive. I’ve said that every step of the way. For some reason they are putting 2,000 under a rebate section of the purchase order.. I honestly don’t get it either but I’m not questioning them giving me an extra 750 off. The order form in itself is different than everyone I’ve received in the past from other dealers, this is the first time I’m dealing with this company. I agree it looks strange it’s all they gave me, and the numbers add up mathematically, hopefully I can get more printouts Tues/Wed.

[fortmill2012]

I’ve been a lurking on this forum for years . Felt no need to post anything until I saw how ludicrous your thread was especially the bragging part of being a Wharton graduate who does acquisitions . Your misleading other forum members. You had 1 member reach out to his salesman thinking he qualified for the $750 Conquest rebate and he was told he didn’t
.
I’ll say it again, there is NO way you’re getting 16% off a custom ordered 2020 BMW X5 . 16% - NO WAY.
You don’t even know your own paperwork and what they are using for rebates . They can’t combine a Conquest rebate with a Loyalty rebate .
You don’t know this but your supposedly getting 16% off a brand new 2020 BMW X5.
Right .

[HeynowbababooeyAckAck]

Originally Posted by fortmill2012

I’ve been a lurking on this forum for years . Felt no need to post anything until I saw how ludicrous your thread was especially the bragging part of being a Wharton graduate who does acquisitions . Your misleading other forum members. You had 1 member reach out to his salesman thinking he qualified for the $750 Conquest rebate and he was told he didn’t
.
I’ll say it again, there is NO way you’re getting 16% off a custom ordered 2020 BMW X5 . 16% - NO WAY.
You don’t even know your own paperwork and what they are using for rebates . They can’t combine a Conquest rebate with a Loyalty rebate .
You don’t know this but your supposedly getting 16% off a brand new 2020 BMW X5.
Right .

Technically it’s 14.44% negotiated off and 1.61% off from Loyalty Credit, for a total 16.05% off. And I never ever said anything regarding a $750 conquest anything from BMW, that was other posters reading the deal seeing the 2,000 under “rebates” in the “purchase” option (read back the entire thread and you will see and please admit again you were wrong and that I never once said anything about a $750 conquest anything). We will find out Tuesday or Wednesday when the build goes through if they are honoring the negotiated deal. I can’t wait to post the paperwork and have you apologize for every single post you’ve made disparaging me and my deal. Have you done the reverse math of $813 a month for 36 months on a 77,395 MSRP?

[Tek-dad]

Originally Posted by HeynowbababooeyAckAck

I live very close to the dealership, I’ve had a relationship servicing my wife’s current X5 there. This one member who signed up for an account on here (fortmill2012) on 12/7/19 and has only posted in this thread, who has yet to post in any other thread but mine is saying I live in California. You couldn’t pay me to live in a state who taxes their high income producing contributing residents at 13.3%. I unequivocally do not live in California.

I wasn’t saying you live far. I was saying the people who want to buy from other locations far away. Just a general statement.

[BMWZ4]

I bet this is Benjy from the Howard Stern Show

[HeynowbababooeyAckAck]

Originally Posted by BMWZ4

I bet this is Benjy from the Howard Stern Show

Hi Har!

[AEC]

Is this a BMW Financial Services lease? Do they offer 7500 mile/year leases? Also, what’s the residual and money factor?

[TurtleBoy]

Originally Posted by HeynowbababooeyAckAck

Technically it’s 14.44% negotiated off and 1.61% off from Loyalty Credit, for a total 16.05% off. And I never ever said anything regarding a $750 conquest anything from BMW, that was other posters reading the deal seeing the 2,000 under “rebates” in the “purchase” option (read back the entire thread and you will see and please admit again you were wrong and that I never once said anything about a $750 conquest anything). We will find out Tuesday or Wednesday when the build goes through if they are honoring the negotiated deal. I can’t wait to post the paperwork and have you apologize for every single post you’ve made disparaging me and my deal. Have you done the reverse math of $813 a month for 36 months on a 77,395 MSRP?

Actually it is 13.46% (10,421.19 / 77,395) not 14.44.

[wtwo3]

Originally Posted by TurtleBoy

Actually it is 13.46% (10,421.19 / 77,395) not 14.44.

Sounds like he's taking the $750 incentive that he doesn't qualify for and adding it to the negotiated discount to come up with 14.44% despite the lease sheet showing dealer discount at 13.46% as you've stated.

I'm also curious about why the rebate amount is $2k but towards the bottom of the lease sheet the rebate amount is listed as $2,250.

I personally am not passing judgement on whether this is fake or real, I would just like to get clarification so that I can learn what's possible for my own benefit in the future.

[TurtleBoy]

Originally Posted by wtwo3

I'm also curious about why the rebate amount is $2k but towards the bottom of the lease sheet the rebate amount is listed as $2,250.

I personally am not passing judgement on whether this is fake or real, I would just like to get clarification so that I can learn what's possible for my own benefit in the future.

Yes, that is why I asked earlier for him to ask the dealer for the details on that 2,250 rebate amount. I'm starting to think it is a third party lease and the extra $1k is their incentive.

I'm in the same position and just trying to get information and make sure things are accurate. I'm pretty sure I remember folks getting over 10% on custom builds so this deal is not that far off from those. My guess is that someone backed out of a custom order and the dealer is trying to sell that allocation so they are willing to take an extra 1-2% hit in order to not have it on the lot. Plus they are making up some of that with the relatively high doc fee as well as a filing fee. Normalizing the discount for this we are probably looking at a 12.5% discount or so.

If I had to choose a side right now I would say he is legit and stumbled into a good deal. Unfortunately he has been terrible at explaining the situation/providing accurate information and things snowballed from there. I hope things work out for him one way to the other.

[HeynowbababooeyAckAck]

Originally Posted by wtwo3

Sounds like he's taking the $750 incentive that he doesn't qualify for and adding it to the negotiated discount to come up with 14.44% despite the lease sheet showing dealer discount at 13.46% as you've stated.

I'm also curious about why the rebate amount is $2k but towards the bottom of the lease sheet the rebate amount is listed as $2,250.

I personally am not passing judgement on whether this is fake or real, I would just like to get clarification so that I can learn what's possible for my own benefit in the future.

You sir are correct. Finally, comprehension.

[HeynowbababooeyAckAck]

Originally Posted by TurtleBoy

Yes, that is why I asked earlier for him to ask the dealer for the details on that 2,250 rebate amount. I'm starting to think it is a third party lease and the extra $1k is their incentive.

I'm in the same position and just trying to get information and make sure things are accurate. I'm pretty sure I remember folks getting over 10% on custom builds so this deal is not that far off from those. My guess is that someone backed out of a custom order and the dealer is trying to sell that allocation so they are willing to take an extra 1-2% hit in order to not have it on the lot. Plus they are making up some of that with the relatively high doc fee as well as a filing fee. Normalizing the discount for this we are probably looking at a 12.5% discount or so.

If I had to choose a side right now I would say he is legit and stumbled into a good deal. Unfortunately he has been terrible at explaining the situation/providing accurate information and things snowballed from there. I hope things work out for him one way to the other.

Yes, your now understanding, they are modifying an existing build.

[TurtleBoy]

Originally Posted by HeynowbababooeyAckAck

You sir are correct. Finally, comprehension.

LOL - that is not comprehension, it was him figuring out where you made your mistake.

[HeynowbababooeyAckAck]

Originally Posted by AEC

Is this a BMW Financial Services lease? Do they offer 7500 mile/year leases? Also, what’s the residual and money factor?

I am not sure, the build has not gone through yet, this is tentative agreement. I am assuming it is. All my leases from BMW have been with BMW Financial, I don’t see why this would be any different? Residual is 59%, MF is .00128

[HeynowbababooeyAckAck]

Originally Posted by TurtleBoy

LOL - that is not comprehension, it was him figuring out where you made your mistake.

True, all I know is the TOTAL discount is 16.05% whether is be with rebates, discount, credits etc etc. Thats the only number that matters to me.. the final CAP COST.

[HeynowbababooeyAckAck]

I promise this will all be clear once I finalize and sign everything. This was all just an initial negotiation and agreed upon numbers between the dealership and I, with an existing build to be modified and completed early this week. I’ll reiterate we did not build the car or submit the build yet.

I apologize for any confusion. I tried typing and responding to every single person as fast and best of my knowledge as I could at the time. There was one gentleman (FORTMILL2012) who signed up on these forums the day of my deal. He has only posted negativity in my thread since joining 2 days ago. He has only posted in my thread, no others on the entire forum since joining. He has accused me of things that are false and has been disparaging and slandering me with zero proof. I got upset, and for that I apologize to all the good standing members. Many have PM’d me and said they absolute believe in the deal, as my region and area is known for heavy discounts because of huge volume. Others have messaged me privately and said they have had their own discounts of 15+% off many times before.

Anyways, I look to clarify and rectify any and all confusion as soon as I receive the paperwork to post. Thanks guys.

[TurtleBoy]

Originally Posted by HeynowbababooeyAckAck

True, all I know is the TOTAL discount is 16.05% whether is be with rebates, discount, credits etc etc. Thats the only number that matters to me.. the final CAP COST.

I have a feeling you will see different numbers once your deal is finalized. Your discount won't change but your rebates/incentives may since you are leasing and different incentives may apply. What they may do is drop some from incentives and add it to the discount to keep the bottom line the same.

[HeynowbababooeyAckAck]

Originally Posted by TurtleBoy

I have a feeling you will see different numbers once your deal is finalized. Your discount won't change but your rebates/incentives may since you are leasing and different incentives may apply. What they may do is drop some from incentives and add it to the discount to keep the bottom line the same.

You could absolutely be right. But, at the end of the day all that matters is the final CAP cost, whichever way we get to it. Whether the rebates/incentives change or this number and that number change etc, as long as the discount to the bottom line stays the same what do I care?

[BeemerDreamerNYC]

I am in the same boat - one dealer is offering me one of the incentives which on its face I do not seem to qualify for. When all is said and done though, if it turns out to be dealer error then I would expect them to eat the difference and honor the numbers in the deal. Is that unreasonable?

Btw so far I’m only managing to get 10% off pre-incentive. One dealer offered 10.5 but has higher fees which more than offset.

[rebekahb]

Originally Posted by BeemerDreamerNYC

I am in the same boat - one dealer is offering me one of the incentives which on its face I do not seem to qualify for. When all is said and done though, if it turns out to be dealer error then I would expect them to eat the difference and honor the numbers in the deal. Is that unreasonable?

Btw so far I’m only managing to get 10% off pre-incentive. One dealer offered 10.5 but has higher fees which more than offset.

I think 10% is good. It's what I got on my m50i. I could have gotten 12% but it lacked a package I wanted and the cost of travel would have offset most of the 2%.