NEW Information Regarding 2 free months! If your a potential buyer, READ THIS!

joeo · 02-23-2009, 04:24 PM

So basically if you order a car that has to come from Germany there is no way to take advantage of this offer?

-Joe

singular · 03-04-2009, 02:40 PM

Just took delivery of the 135 'vert I ordered in December.

Instead of paying cash as planned, I took the 3.9% loan with first 2 months paid by BMW.

Very straight-forward loan. It *is* simple interest with no prepayment penalty, no Rule of 78. I will most likely pay off the loan in full within a few months.

My already great deal just got more than $1K sweeter and I can hang onto my cash a bit longer.

RIbimmer · 03-04-2009, 09:21 PM

Quote:

Originally Posted by joeo

So basically if you order a car that has to come from Germany there is no way to take advantage of this offer?

-Joe

Yep. Unless you jumped on it a month ago. It kinda makes sense though. BMW, like all the car companies, wants to move cars now. Short term offer like this encourage people to take the cars that are available on the dealer lots. You can still get the low financing rate. It's good for 60 days from approval of your application.

mattssi · 03-08-2009, 11:25 PM

When you order a car and you finance, do your payments begin after you receive the car or when you initially order (I assume they don't order a car until you sign for it...)?

lannypoffo · 03-08-2009, 11:32 PM

Quote:

Originally Posted by mattssi

When you order a car and you finance, do your payments begin after you receive the car or when you initially order (I assume they don't order a car until you sign for it...)?

your payments don't start until you receive it. and usually not till a month after that..

thesmokingone · 03-09-2009, 02:04 AM

wish they would have had this deal out when i purchased

1013mm · 03-16-2009, 02:40 PM

just got an email from my dealership and its been extended!!!

SpacE82 · 03-16-2009, 03:19 PM

Quote:

Originally Posted by jzhang

just got an email from my dealership and its been extended!!!

How long?! I just ordered my car a couple weeks ago and it won't be in until next month. But maybe now I will get my car in time to get the free payments since its been extended.

igom3 · 03-16-2009, 03:19 PM

what is extended? and until when?

hbdunn2003 · 03-16-2009, 03:53 PM

Quote:

Originally Posted by jzhang

just got an email from my dealership and its been extended!!!

Please copy and paste email with details.

SpacE82 · 03-18-2009, 11:36 AM

Has anyone else heard anything about this?

dbtheo · 03-18-2009, 12:35 PM

it is NOT an "extension" the program was designed from the start to cover both feb & march. It was never a 1 month deal. It runs until the end of this month, at which time BMW may or may not (more likely) continue it.

nszzya · 03-23-2009, 02:02 PM

I took advantage of this program yesterday. I planned to pay cash, but financed around 17K for 24 months. By doing this, the payment came out to $750/month which is the maximum BMW will cover. Dealer will let you determine the loan term and amount. I structured it in this way because the amount of interest paid is minimized. After the two payments, I will pay off the loan.

The financial advisor at the dealer mentioned that I had to keep the loan for a total of six months or BMWFS would ask for their payments back. I've not heard this information before. I found this on the BMWFS FAQ website (http://fs.bmwusa.com/BmwFsPulp/CSTTLS_FAQ.htm):

Q. I've heard that some financing contracts can't be paid off without a penalty. Is that true?

A. Not with BMW Financial Services financing. Our loans and retail installment contracts can be paid off at any time without penalty. You can also make additional payments during your loan or retail installment sales contract to reduce your interest charges and shorten the term.

Hopefully, the advisor was misinformed.

gidubz · 03-26-2009, 10:06 PM

Rickster311, is this still true? I contacted dealers here in FL and they said that ED is not included with the 3.9% + 2 free months offer because I have to take delivery by 3/31. Who is your dealer? Maybe I will order from them if they can guarantee this.

Thx

Quote:

Originally Posted by Rickster311

Talked to my rep today, who happens to be the internet sales manager. Confirmed that the 2 free months is EXTENDED till March 31, 2009. Any cars you sign the paper work for from NOW TILL MARCH 31, WILL GET THE 2 FREE MONTHS, EVEN IF YOU PICK UP IN 2 MONTHS.

On top of this, the 2 free months DOES qualify with EURO-DELIVERY!!!!

So, you can sign the paperwork before March 31 for Euro Delivery, SAVE 7%, AND as long you finance through BMW, get the first 2 months FREE!

Nice trick for those who don't want to finance, do it anyways, and then pay off the finance loan after 2 months! (Exactly what I'm doing).

and it is NOT only for LOYALTY customers.. it's for EVERYONEEEEE!

02-23-2009, 04:24 PM	#45
joeo Lieutenant 120 Rep 475 Posts Drives: 2009 Crimson Red 135i Join Date: Mar 2008 Location: Sterling, Va iTrader: (0) Garage List 2009 BMM 135i [9.50]	So basically if you order a car that has to come from Germany there is no way to take advantage of this offer? -Joe
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03-04-2009, 02:40 PM	#46
singular Captain 21 Rep 935 Posts Drives: BSM 135i ppk cab Join Date: Nov 2008 Location: SF Bay Area iTrader: (0)	Just took delivery of the 135 'vert I ordered in December. Instead of paying cash as planned, I took the 3.9% loan with first 2 months paid by BMW. Very straight-forward loan. It *is* simple interest with no prepayment penalty, no Rule of 78. I will most likely pay off the loan in full within a few months. My already great deal just got more than $1K sweeter and I can hang onto my cash a bit longer.
	Appreciate 0 Quote

03-08-2009, 11:25 PM	#48
mattssi Major 879 Rep 1,369 Posts Drives: 2019 X3 Join Date: Sep 2006 Location: Bend, OR iTrader: (1)	When you order a car and you finance, do your payments begin after you receive the car or when you initially order (I assume they don't order a car until you sign for it...)?
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03-09-2009, 02:04 AM	#50
thesmokingone Second Lieutenant 4 Rep 242 Posts Drives: Join Date: Mar 2008 iTrader: (0)	wish they would have had this deal out when i purchased __________________ “Engineers like to solve problems. If there are no problems handily available, they will create their own problems.”
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03-16-2009, 02:40 PM	#51
1013mm aka 1013MM 1253 Rep 9,545 Posts Drives: pokingly flush Join Date: Jan 2009 Location: Los Angeles / HK iTrader: (7) Garage List 2009 135i [8.26]	just got an email from my dealership and its been extended!!! __________________ -John Project YOSHI Sale Thread
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03-16-2009, 03:19 PM	#53
igom3 Major 76 Rep 1,147 Posts Drives: 02 E46M3 15 F80 M3 16 X5 35d Join Date: Mar 2009 Location: San Diego iTrader: (1) Garage List 2016 X5 35d [0.00] 2015 BMW M3 [0.00] 2002 E46 M3 [0.00]	what is extended? and until when?
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03-18-2009, 11:36 AM	#55
SpacE82 Major 113 Rep 1,311 Posts Drives: 2009 M-Sport 135i Join Date: Mar 2009 Location: Chicago iTrader: (0) Garage List 2009 BMW 135i [8.50]	Has anyone else heard anything about this?
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03-18-2009, 12:35 PM	#56
dbtheo 1addicts CA 82 Rep 1,245 Posts Drives: 2005 330i ZHP cic, 2021 X5 40i Join Date: May 2006 Location: Tampa, Florida iTrader: (0) Garage List 2005 330i cv ZHP [0.00]	it is NOT an "extension" the program was designed from the start to cover both feb & march. It was never a 1 month deal. It runs until the end of this month, at which time BMW may or may not (more likely) continue it.
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03-23-2009, 02:02 PM	#57
nszzya Drive Different 52 Rep 225 Posts Drives: '16 F15 '17 F87 Join Date: Jan 2009 Location: SF Bay Area iTrader: (0)	I took advantage of this program yesterday. I planned to pay cash, but financed around 17K for 24 months. By doing this, the payment came out to $750/month which is the maximum BMW will cover. Dealer will let you determine the loan term and amount. I structured it in this way because the amount of interest paid is minimized. After the two payments, I will pay off the loan. The financial advisor at the dealer mentioned that I had to keep the loan for a total of six months or BMWFS would ask for their payments back. I've not heard this information before. I found this on the BMWFS FAQ website (http://fs.bmwusa.com/BmwFsPulp/CSTTLS_FAQ.htm): Q. I've heard that some financing contracts can't be paid off without a penalty. Is that true? A. Not with BMW Financial Services financing. Our loans and retail installment contracts can be paid off at any time without penalty. You can also make additional payments during your loan or retail installment sales contract to reduce your interest charges and shorten the term. Hopefully, the advisor was misinformed.
	Appreciate 0 Quote