New July $750 loyalty offer

[cmhsam]

New program announced today by BMW

$750 Lease/APR loyalty cash offer for current customers and those former customers whose contract either matured or traded in their BMW within the last 12 mos. Applies to all 2012 & 2013 vehicles.

[mwlmd]

Can you explain what this means? What is a finance maturity? Is this only applicable to customers who CURRENTLY have a lease or finance with BMWNA?

[journeyguy]

wow I get to less $750 from my selling price, that's under invoice price and a total $8550 off MSRP. No need to go to Munich to pick up the car

[cmhsam]

Originally Posted by mwlmd

Can you explain what this means? What is a finance maturity? Is this only applicable to customers who CURRENTLY have a lease or finance with BMWNA?

I believe it's for people who have traded in a BMW or are trading in a BMW in the past 12 months

[journeyguy]

My CA just confirmed $750 loyalty if you decide go through BMWFS, but current rate sucks at 3.79 %.

[PatrickC23]

What about us coming over from Benz! No conquest programs?

[PatrickC23]

Originally Posted by journeyguy

My CA just confirmed $750 loyalty if you decide go through BMWFS, but current rate sucks at 3.79 %.

Refinance it

[cmhsam]

Originally Posted by Patsc23

What about us coming over from Benz! No conquest programs?

I think the sheer joy of coming to the "Ultimate Driving Machine" should be conquest enough

[journeyguy]

I am lucky that I have a navy fed membership. They have 1.79 % upto 60 months and 1.99% upto 72 months. Checked the lease rates and residuals on m5 and they are pathethic, makes no sense to lease.

Originally Posted by Patsc23

Refinance it

[cmhsam]

Originally Posted by journeyguy

I am lucky that I have a navy fed membership. They have 1.79 % upto 60 months and 1.99% upto 72 months. Checked the lease rates and residuals on m5 and they are pathethic, makes no sense to lease.

I respectfully disagree. This is the first year for the new M5. Although most of the issues should have been resolved for me it's not worth the risk. After hearing what happened with the 2006 M5 and the resell value of the car their is more risk into purchasing the car vs leasing. Just my opinion. I respect everyone's individual position on this.

[X5Blair]

Originally Posted by journeyguy

I am lucky that I have a navy fed membership. They have 1.79 % upto 60 months and 1.99% upto 72 months. Checked the lease rates and residuals on m5 and they are pathethic, makes no sense to lease.

@journeyguy:I also have Navy Fed. Previously have used PenFed, minor annoyance versus the simplified process of BMWFS but nothing too terrible. Although they did seem to have a manual underwrite with my X5 because the MSRP was beyond what they recognized (it was OVERLY optioned). But after explaining and showing the BMW VIR they approved it.
I Haven't used Navy before but plan to this time. Have you financed with them in the past? What's the process like? Are you also doing ED?

[journeyguy]

I am not doing the ED. This will be my first time with navy fed, so lets see.

Originally Posted by X5Blair

@journeyguy:I also have Navy Fed. Previously have used PenFed, minor annoyance versus the simplified process of BMWFS but nothing too terrible. Although they did seem to have a manual underwrite with my X5 because the MSRP was beyond what they recognized (it was OVERLY optioned). But after explaining and showing the BMW VIR they approved it.
I Haven't used Navy before but plan to this time. Have you financed with them in the past? What's the process like? Are you also doing ED?

[PatrickC23]

Originally Posted by X5Blair

@journeyguy:I also have Navy Fed. Previously have used PenFed, minor annoyance versus the simplified process of BMWFS but nothing too terrible. Although they did seem to have a manual underwrite with my X5 because the MSRP was beyond what they recognized (it was OVERLY optioned). But after explaining and showing the BMW VIR they approved it.
I Haven't used Navy before but plan to this time. Have you financed with them in the past? What's the process like? Are you also doing ED?

Im at PenFed - home and auto. I'm doing ED so sounds like I have to go with BMWFS first then re-fi with PenFed?

[PatrickC23]

Originally Posted by cmhsam

I think the sheer joy of coming to the "Ultimate Driving Machine" should be conquest enough

Well I had the e46 M3 and an e46 330ci - should have never left

[journeyguy]

also you can just do $70K at penfed...thats the max amount.

Originally Posted by Patsc23

Im at PenFed - home and auto. I'm doing ED so sounds like I have to go with BMWFS first then re-fi with PenFed?

[PatrickC23]

Originally Posted by journeyguy

also you can just do $70K at penfed...thats the max amount.

Good to know - but it should be fine as I only plan to finance $40k

[cmhsam]

Originally Posted by Patsc23

Well I had the e46 M3 and an e46 330ci - should have never left

I chose an E63 AMG over the E60 M5...we all make mistakes

[journeyguy]

You dint like E63 AMG ? I was so closing in pulling the trigger on E63 AMG.

Originally Posted by cmhsam

I chose an E63 AMG over the E60 M5...we all make mistakes

[cmhsam]

Originally Posted by journeyguy

You dint like E63 AMG ? I was so closing in pulling the trigger on E63 AMG.

Nope. Didnt like it. I had a 2009 E63 AMG, purchased brand new, and trade it in within nine months. I will only buy BMW now.

[nv6425]

Where can I find more details on this $750 loyalty offer? My CA hasn't brought it to my attention yet, and I want to be fully informed before I bring it to his.

[cmhsam]

Originally Posted by nv6425

Where can I find more details on this $750 loyalty offer? My CA hasn't brought it to my attention yet, and I want to be fully informed before I bring it to his.

You have to be a current or have been a BMWFS customer over the past 12 months. Your CA should have this information on the bulletin they received on 7/10

[nv6425]

Thanks cmhsam, do you know when the offer expires - meaning when I have to sign my paperwork by to take advantage of the $750?