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05-02-2009, 02:59 PM | #1 |
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Alternative Delivery Credit
Starting this month, May, there is a $2500.00 alternative delivery credit for cash purchases of 2009 1 Series models. If you are interested in the credits offered on the other models, call your dealership. They are not currently posted on the BMW Canada web site, but I am fairly sure that they apply nationally. If you are waiting on delivery of your cash purchased car, the delivery credit should apply.
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05-02-2009, 07:06 PM | #2 | |
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Also, would you qualify if you borrowed the money from another lending institution, such as a bank? That would still be a cash purchase to BMW I'm thinking... |
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05-02-2009, 07:22 PM | #3 | |
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It does not matter from where you get your money for the car. As long as you pay for the car in full with cash, the credit applies. Last edited by Onlooker; 05-04-2009 at 08:54 AM.. Reason: Additional information added |
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05-03-2009, 01:48 AM | #5 |
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But they also lowered the rate from 4.9 to 2.9... so that should equate to around $2,500 in savings. Either way, regardless of which route you choose, you're saving about $2,500 over the 4-years. Of course, if you have the cash and don't have anything else to do with it (i.e better than 2.9% yearly returns investment) the cash price is better.
Does anyone know when they will stop production of 2009 cars? I know the factory closes for a month in August, so I'm guessing they'll start with 2010 cars when they reopen in September? I wanted to ask my dealer, but he won't be in until Tuesday... I might want to get the car earlier than planned |
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05-03-2009, 04:19 AM | #6 |
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Thanks for the tip. Going to call the dealership tomorrow.
This "sales support" promotion that BMW Canada is providing makes sense since April volumes were down 16%. http://www.newswire.ca/en/releases/a.../01/c7747.html |
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05-11-2009, 04:34 PM | #8 |
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Great information, thank you Onlooker!!
wow, can't wait if they offer $4k credit this year but $2.5K is a good start. too bad, we didn't know about the $4k credit last year how come the local dealers don't tell us about it??? Viv and I were looking for a new 128i last year and we didn't know....
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05-11-2009, 05:20 PM | #9 |
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Alan, of course they won't tell you these kind of things.
Why would they delay the sale by telling us the evil plan. I think that is why we should stick together and fight them back~! ^0^ |
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05-11-2009, 05:41 PM | #10 | |
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Viv, you got to be really piss if you see this, $2.5K off now and it was $4k last year....
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05-11-2009, 09:00 PM | #11 | |
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05-12-2009, 11:22 AM | #12 | |||
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If it is offered again, I suspect it will be after BMW has stopped taking orders for 2009 vehicles. That would mean you would only be able to get what is left on the lot.
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No, it was on the 128i only. On the 135i it was $5000. The risk in waiting is that you wait for nothing or something you can't afford even with the credit. The $2500 credit currently offered plus the discount you can negotiate on the retail price should equal a 12-15% savings. |
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05-12-2009, 11:55 AM | #13 |
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Hi Onlooker,
Thanks for your clarifications, I think I am on the fence between selling my car and paying in cash or financing. Wonder if you have any information on the financing option? Historically or in plan, will the rate go down lower than 2.9%? If anyone knows please comment. |
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05-12-2009, 01:32 PM | #14 | |
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I honestly don't know it will drop again or not. if it drops, maybe 1% or so, what are other European competitor's rates this month? anyone knows? Sound like the longer I wait, the better it is .....
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05-12-2009, 03:18 PM | #15 |
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There is the chance that the rate will drop another percent, but I don't think there is any chance it will drop below 1.9%. Aside from the current offer on the 2009 5er (which already finished production and is pretty much the last year of production), I've never seen rates from BMW below 1.9 in the past couple of years.
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05-12-2009, 04:12 PM | #16 |
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guys, can someone work out the difference in saving if the rate drops from 2.9% to 1.9% ?
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05-12-2009, 11:03 PM | #17 | |
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If you were to do $0 down and finance the whole thing, with 2.9%, your payments would be $739 per month (for 60 mos) with a total interest of $3110 over the 5 years. The same situation will get you payments of $721, and a total of $2021 over five years. So basically a savings of $1000. If you want me to give you an exact figure, build you car, add all the freight/pdi and other fees, add GST and applicable PST, and post the total as well as how how many months, and what down payment you want to do. I'll tell you the difference between 2.9 and 1.9. Also, since you already have a Bimmer, you get a further 0.5% reduction (as long as you leased or financed it through BMW Financial Services). |
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05-13-2009, 01:27 AM | #18 | |
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05-13-2009, 09:09 AM | #19 |
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I don't know if it would be less than invoice, but it would certainly be close to it. Maybe 15% is a bit optimistic, 14% might be a more realistic maximum. In Toronto at the moment, 6% off the list price of a 1 Series is almost a given and 6.5% to nearly 7% seems possible. A 128i without additions retails for $33,900. A 6.8% discount and $2500 credit on that is a 14.2% savings.
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05-13-2009, 12:31 PM | #20 |
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thanks Onlooker,
check this out guys: http://brianjessel.bmw.ca/en/pub/home/home.aspx BJ's web site is offering $1,000 Cash incentive on 1 series, what a joke, we all know its $2.5k off if you pay cash....
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05-13-2009, 02:07 PM | #21 | |
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05-13-2009, 02:39 PM | #22 | |
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