BMW Financing

htman · 06-09-2021, 03:53 PM

I was looking at a new 2021 x5 40i on a dealer lot and Sales Associate stated that the BMWFS $2500 incentive for financing that car through them at 1.9% had been removed for June. Is this correct? Seems like the $2500 incentive has been there forever.

TCBavarian · 06-09-2021, 03:58 PM

BMWUSA.com has all the information specific to your region right now. "Special Offers" then click the fine print under Financing for the X5, and it should show the amount.

In my region it is $2000 APR credit and $1000 loyalty credit.

wjbender · 06-17-2021, 08:17 PM

Quote:

Originally Posted by TCBavarian

BMWUSA.com has all the information specific to your region right now. "Special Offers" then click the fine print under Financing for the X5, and it should show the amount.

In my region it is $2000 APR credit and $1000 loyalty credit.

I'm in New Jersey and got $3000 rebate on financing through BMW. Dealer said pay three payments and then if you want pay off the loan and get $3000 rebate. I was going to pay in full, but 3k rebate seems like a good deal

TCBavarian · 06-17-2021, 09:27 PM

Quote:

Originally Posted by wjbender

Quote:

Originally Posted by TCBavarian

BMWUSA.com has all the information specific to your region right now. "Special Offers" then click the fine print under Financing for the X5, and it should show the amount.

In my region it is $2000 APR credit and $1000 loyalty credit.

I'm in New Jersey and got $3000 rebate on financing through BMW. Dealer said pay three payments and then if you want pay off the loan and get $3000 rebate. I was going to pay in full, but 3k rebate seems like a good deal

Yes that is a tactic that a lot of people do.

motherkin · 06-18-2021, 01:13 AM

Does any one know when the incentive/dealer allowance is usually available for a new model year? Looking to order the MY 22 soon.

AlinDenver · 06-18-2021, 12:01 PM

When I made my deal in early March, there was a $2500 credit if I financed. Because I am allergic to owing money, I had told the associate I planned to pay cash. He suggested I finance to get the credit and then pay it off in three months. I don’t know how sacred the three months is. I made the first payment a very large one to reduce interest. Today I mailed a cashiers check to pay off the balance.

TurtleBoy · 06-18-2021, 07:33 PM

Quote:

Originally Posted by AlinDenver

When I made my deal in early March, there was a $2500 credit if I financed. Because I am allergic to owing money, I had told the associate I planned to pay cash. He suggested I finance to get the credit and then pay it off in three months. I don’t know how sacred the three months is. I made the first payment a very large one to reduce interest. Today I mailed a cashiers check to pay off the balance.

Dealers get charged for the incentive if a person pays off the loan in less than three payments. There would be no penalty to you if you paid it off before three payments.

AlinDenver · 06-18-2021, 08:11 PM

Quote:

Originally Posted by TurtleBoy

Dealers get charged for the incentive if a person pays off the loan in less than three payments. There would be no penalty to you if you paid it off before three payments.

Thanks for that insight! At least by making the first payment most of what I owed, I paid very little interest.

06-09-2021, 03:53 PM	#1
htman New Member 7 Rep 12 Posts Drives: BMW Join Date: Jul 2010 Location: Phoenix iTrader: (0)	BMW Financing I was looking at a new 2021 x5 40i on a dealer lot and Sales Associate stated that the BMWFS $2500 incentive for financing that car through them at 1.9% had been removed for June. Is this correct? Seems like the $2500 incentive has been there forever.
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06-09-2021, 03:58 PM	#2
TCBavarian Captain 674 Rep 632 Posts Drives: X5M, M2CS, E46 ZHP, E53 X5 Join Date: Sep 2020 Location: East Coast iTrader: (0)	BMWUSA.com has all the information specific to your region right now. "Special Offers" then click the fine print under Financing for the X5, and it should show the amount. In my region it is $2000 APR credit and $1000 loyalty credit.
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06-18-2021, 01:13 AM	#5
motherkin Lieutenant 118 Rep 558 Posts Drives: g05 45e Join Date: May 2014 Location: Bay Area, CA iTrader: (1)	Does any one know when the incentive/dealer allowance is usually available for a new model year? Looking to order the MY 22 soon.
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06-18-2021, 12:01 PM	#6
AlinDenver Private 25 Rep 53 Posts Drives: 2021 BMW X5 (in production) Join Date: Feb 2021 Location: Denver, CO iTrader: (0)	When I made my deal in early March, there was a $2500 credit if I financed. Because I am allergic to owing money, I had told the associate I planned to pay cash. He suggested I finance to get the credit and then pay it off in three months. I don’t know how sacred the three months is. I made the first payment a very large one to reduce interest. Today I mailed a cashiers check to pay off the balance.
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