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      11-06-2020, 10:29 AM   #177
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Quote:
Originally Posted by philooo View Post
about the penfed $500 credit when using BMW financing, where is that documented ? I printed the Penfed coupouns for $3250 but I am thinking I will be better off with

penfecd $500 + BMW apr $2500 + loyalty $1000 + OL $1000 = $4,000

But I want to make sure I have all these little things on paper for the day I come to the dealer. They are a little 'dense' sometimes.

The PenFed offer sheet has the details as to what the incentive is when BMW financing or lease is used.
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      11-12-2020, 07:35 PM   #178
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So for anyone cutting it kinda close, I signed up 60 days to the day today. Won't generate my code. However, I signed up pretty late in the evening. Hopefully, I'll be able to get the code tomorrow.
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      11-13-2020, 06:07 AM   #179
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how much incentive is given for the BMW apr at 0.9% ? I think it is $2000 right ?

the $3250 from penfed is good if you pay cash but if you finance, the APR right now is around 3.9%, over 60 month it is not a great deal compared to BMW low APR...

what do you guy think ?
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      11-13-2020, 06:51 AM   #180
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Quote:
Originally Posted by philooo View Post
how much incentive is given for the BMW apr at 0.9% ? I think it is $2000 right ?

the $3250 from penfed is good if you pay cash but if you finance, the APR right now is around 3.9%, over 60 month it is not a great deal compared to BMW low APR...

what do you guy think ?
You need to run the numbers for your specific situation. Right now PenFed is at 2.89% for 60months and you can probably get a lower rate at another credit union. If you do finance with BMW then you still get $500 from the PenFed incentive.
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      11-13-2020, 07:35 PM   #181
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Originally Posted by codex57 View Post
So for anyone cutting it kinda close, I signed up 60 days to the day today. Won't generate my code. However, I signed up pretty late in the evening. Hopefully, I'll be able to get the code tomorrow.
Do you get your code today?
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      11-30-2020, 12:10 AM   #182
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Do you get your code today?
No, I'm an idiot. That was 30 days apparently, not 60. I gotta wait until Dec. 10 I think.
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      11-30-2020, 03:56 AM   #183
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Anybody knows if this or any other financial deal will work if purchasing with the "BMW/Mini Military Sales" overseas? ... Got my order in and currently looking at financing with NFCU for a 1.79 apr
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      11-30-2020, 06:52 AM   #184
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Originally Posted by Gunner/// View Post
Anybody knows if this or any other financial deal will work if purchasing with the "BMW/Mini Military Sales" overseas? ... Got my order in and currently looking at financing with NFCU for a 1.79 apr
Thank you for your service. Likely not since the offer sheet says the offer is valid at any BMW center in the United States.
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      11-30-2020, 07:00 AM   #185
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Thanks for the response. Thats what I was thinking but thought I would ask anyways. Again, thanks!
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      12-10-2020, 12:18 PM   #186
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Update: My 60th day is today. Still unable to generate a code. I'll give them til after noon before I call. I'm picking up tomorrow so I'm getting nervous. When I called last time, neither PenFed nor TrueCar (it's apparently thru TrueCar) reps had any clue and told me to call the other one.
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      12-10-2020, 12:56 PM   #187
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Quote:
Originally Posted by codex57 View Post
Update: My 60th day is today. Still unable to generate a code. I'll give them til after noon before I call. I'm picking up tomorrow so I'm getting nervous. When I called last time, neither PenFed nor TrueCar (it's apparently thru TrueCar) reps had any clue and told me to call the other one.
May want to wait until tomorrow, it may be a 60 day waiting period so active on day 61.
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      12-10-2020, 05:36 PM   #188
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Originally Posted by TurtleBoy View Post
May want to wait until tomorrow, it may be a 60 day waiting period so active on day 61.
You're correct. I managed to get a hold of a really nice rep who sent a message to the car buying team. They got back to her really quickly and she actually called me back. They confirmed that my "60 days" is tomorrow, so actually the 61st day or 60 days after the day I signed up.

I'm still good, although it's tight. I'll try early in the morning tomorrow and hopefully it works. Otherwise, they said they open at 7AM Central so I can call and they can get me the code then.

Hopefully this helps someone else who's trying to time it really closely.
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      12-11-2020, 05:06 AM   #189
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It's 3 AM Pacific STD on my 61st day and the coupon code worked. Off to the dealer soon.
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      01-04-2021, 12:18 AM   #190
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Does anyone know if this still works in 2021?
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      01-04-2021, 06:46 AM   #191
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Quote:
Originally Posted by sophiafig View Post
Does anyone know if this still works in 2021?
The current certificate said valid until January 4th 2021. This matches the end of the December programs. Tomorrow I can check if the certificate is updated with a new date. it depends on whether PenFed Extended the program.
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      01-04-2021, 06:49 AM   #192
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Originally Posted by sophiafig View Post
Does anyone know if this still works in 2021?
I would imagine since BMW just started using them for the Military incentive they will continue but BMW has also partnered with ID.me so they can provide the military discount directly so perhaps not. Here is BMW's website: https://www.bmwusa.com/special-offer...incentive.html
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      01-05-2021, 06:54 AM   #193
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Here is the language on the new certificate.

2020 BMW PenFed Incentives
Incentives for eligible 2020 models
-$500 Incentive for Lease and Retail Loan financed through BMW Financial Services. Exception: BMW FS Lease not available for i3.
-Incentives are combinable with eligible new car sales programs* Exception i3 Cash/FS Retail Loan not combinable.
*i3 PenFed Cash and BMW FS Retail Loan $11,000. Not combinable with monthly sales programs. Not eligible for BMW FS lease.

Special BMW Incentive offer is valid at any authorized BMW Center in the United States. Cash incentives are not applicable for vehicles leased/financed through BMW Financial Services. Member must take retail delivery January 4, 2021 - January 3, 2022. Incentive offer is subject to change without prior notice. This incentive offer is available to PenFed members. BMW requires presentation of a photo ID your BMW Manufacturer Certificate with a unique Customer ID and Offer Code. Visit the PenFed Car Buying Service to receive BMW Certificate. One incentive per member, per offer code, per calendar year for new BMW vehicles. Eligible member must be the purchaser. See your authorized BMW Center for complete program details.



EDIT*****

There were more pages.

2021 BMW PenFed Incentives
Incentives for eligible 2021 models
-$500 Incentive for Lease and Retail Loan financed through BMW Financial Services. Exception: BMW FS Lease not available for i3.
-Incentives are combinable with eligible new car sales programs* Exception i3 Cash/FS Retail Loan not combinable.
*i3 PenFed Cash and BMW FS Retail Loan $11,000. Not combinable with monthly sales programs. Not eligible for BMW FS lease.
Special BMW Incentive offer is valid at any authorized BMW Center in the United States. Cash incentives are not applicable for vehicles leased/financed through BMW Financial Services. Member must take retail delivery January 4, 2021 - January 3, 2022. Incentive offer is subject to change without prior notice. This incentive offer is available to PenFed members. BMW requires presentation of a photo ID your BMW Manufacturer Certificate with a unique Customer ID and Offer Code. Visit the PenFed Car Buying Service to receive BMW Certificate. One incentive per member, per offer code, per calendar year for new BMW vehicles. Eligible member must be the purchaser. See your authorized BMW Center for complete program details.

Last edited by arciga18; 01-05-2021 at 11:03 AM.. Reason: Mistake copying.
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      01-05-2021, 10:45 AM   #194
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Quote:
Originally Posted by arciga18 View Post
Here is the language on the new certificate.

2020 BMW PenFed Incentives
Incentives for eligible 2020 models
-$500 Incentive for Lease and Retail Loan financed through BMW Financial Services. Exception: BMW FS Lease not available for i3.
-Incentives are combinable with eligible new car sales programs* Exception i3 Cash/FS Retail Loan not combinable.
*i3 PenFed Cash and BMW FS Retail Loan $11,000. Not combinable with monthly sales programs. Not eligible for BMW FS lease.

Special BMW Incentive offer is valid at any authorized BMW Center in the United States. Cash incentives are not applicable for vehicles leased/financed through BMW Financial Services. Member must take retail delivery January 4, 2021 - January 3, 2022. Incentive offer is subject to change without prior notice. This incentive offer is available to PenFed members. BMW requires presentation of a photo ID your BMW Manufacturer Certificate with a unique Customer ID and Offer Code. Visit the PenFed Car Buying Service to receive BMW Certificate. One incentive per member, per offer code, per calendar year for new BMW vehicles. Eligible member must be the purchaser. See your authorized BMW Center for complete program details.
This should say "2021 BMW PenFed Incentives", right?

For the most part, just looks like they continued the incentives that recently expired, with a new expiration date of Jan 3, 2022.
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      01-05-2021, 11:02 AM   #195
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Quote:
Originally Posted by beegee227 View Post
This should say "2021 BMW PenFed Incentives", right?

For the most part, just looks like they continued the incentives that recently expired, with a new expiration date of Jan 3, 2022.

I think you are correct. I literally copied an pasted. Looks like they grabbed the old template.

I wanted to highlight the new expiration date.


**EDIT***
See above**. There was a separate page for 2021 models.
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      01-05-2021, 11:02 AM   #196
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Quote:
Originally Posted by beegee227 View Post
This should say "2021 BMW PenFed Incentives", right?

For the most part, just looks like they continued the incentives that recently expired, with a new expiration date of Jan 3, 2022.
They must have missed that when updating the form. It looks like the incentives are the same so everything was carried over for another year.
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      04-24-2021, 01:54 PM   #197
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Quote:
Originally Posted by Kief View Post
Happy Thanksgiving...Public Service Announcement:

PenFed Member's can get an extra $500 off even if you lease/finance with BMWFS. You can get up to $2k off (X5), but you would then need to finance with PenFed and miss out on BMWFS better total incentives.

Member's login to PenFed's "Car Buying Service" and they will email you a Customer ID and Offer Code. Bring the info to the dealer when signing the paperwork. Appears to work just like an OL Code/Fleet (and you can still do CCA). And everything is stackable.

Joining is open to anyone and free.

Need to be a PenFed member for 60 days in order to get the code

You're welcome!
I called them and the attendant did not have any info on this. I’m going to join anyway only need to deposit 5$ to join.
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      04-24-2021, 02:49 PM   #198
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I don't know if it will help, but I got the $3,250 for being prior military. I verified through id.me and gave the dealership (actually was able to do it twice within a month of each other) my customer ID and offer code and that was it. I went through my own credit union and have no affiliation with Penfed.
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