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2010 2011 BMW 5 Series Forum F10 BMW 5-Series (F10) Forums F10 Pricing, Ordering, and Tracking (and European Delivery) $1500 BMW finance incentive
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      05-01-2012, 02:42 PM   #1
The X Men
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$1500 BMW finance incentive

Does anybody know if one has to pay the BMW's high APR, currently at 4.5%, in order to qualify for the $1500 BMW finance incentive? Is the APR negotiable? It just seems kind of silly to get the $1500 incentive and give it all back in interest.

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      05-01-2012, 07:01 PM   #2
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Yes, you have to purchase or lease from BMWFS.
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      05-01-2012, 08:46 PM   #3
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Yes, you have to purchase or lease from BMWFS.
But do you have to take their current rate or is the rate negotiable?
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      05-01-2012, 10:19 PM   #4
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Their rates are based on your credit rating and are not negotiable. What bank has negotiable finance rates? If you lease, you can put down up to 7 security deposits that will reduce the money factor by .00049.
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      05-02-2012, 07:41 AM   #5
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BMWFS' so called current financing special is 4.5% for 60 months with a $1500 incentive. My credit union is offering 1.79% for 60 months, quite a difference. The difference in interest paid over 60 months is more than the $1500 incentive. I guess BMW finance special is not so special after all.
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      05-02-2012, 04:32 PM   #6
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BMWFS' so called current financing special is 4.5% for 60 months with a $1500 incentive. My credit union is offering 1.79% for 60 months, quite a difference. The difference in interest paid over 60 months is more than the $1500 incentive. I guess BMW finance special is not so special after all.
I agree, BMWFS's current rates are terrible, both leasing and financing. That's why I am going to buy my leased M3 rather than turn it in and lease another one or something else. i may have mispoke about whether you have to finance with them to get the $1500 option credit. The fine print isn't very clear this month.
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      05-02-2012, 05:04 PM   #7
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Originally Posted by nasa60 View Post
I agree, BMWFS's current rates are terrible, both leasing and financing. That's why I am going to buy my leased M3 rather than turn it in and lease another one or something else. i may have mispoke about whether you have to finance with them to get the $1500 option credit. The fine print isn't very clear this month.
I miss spoke, the $1500 is not a financing incentive, BMW change it to a option incentive this month. Does anybody know if one have to take out a loan with BMWFS in order to qualify for the option incentive?
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