[superpanjy]

When can we see x7 2022 live on bmwusa.com?

[Phasers]

Originally Posted by superpanjy

When can we see x7 2022 live on bmwusa.com?

Can’t answer that, but there no changes in features and pricing from ‘21 to ‘22, so for effective purposes, the website is updated and accurate.

[Buchimuer]

Originally Posted by superpanjy

Thank you.
I have not pull the trigger yet.
So PenFed is a car buying service.
But it seems I don't have the option to pick Package. for example, I want everything except running boards...
If I go through PenFed and finance with them, I will get $3250. Is that on top if MSRP-$3000 (dealer promised to offer)? so I get $6250 off out of door?

I think it's depends on the dealer.

My dealer won't allow me to stack this $3250 on top of our straight off MSRP negotiated price. And gave me 2.9% BMWFS apr at the delivery even knowing me have the 1.9 pre-approval from PenFed (this forced me to go with the 2.9 because of the $2500 finance credit, otherwise I will go with PenFed because there is a $1250 difference)

So then I refinance the new car with PenFed @1.9 two weeks later.

[Phasers]

Originally Posted by Buchimuer

I think it's depends on the dealer.

My dealer won't allow me to stack this $3250 on top of our straight off MSRP negotiated price. And gave me 2.9% BMWFS apr at the delivery even knowing me have the 1.9 pre-approval from PenFed (this forced me to go with the 2.9 because of the $2500 finance credit, otherwise I will go with PenFed because there is a $1250 difference)

So then I refinance the new car with PenFed @1.9 two weeks later.

Your dealer is playing games with you, since the $3250 doesn't come out of their pocket. The 'straight MSRP' negotiated price for them was clearly not a dealer discount.

Penfed doesn't allow you to use BMWFS for financing (otherwise it is only $500). They marked up your rate the maximum allowed on the BMWFS deal for extra profit. If you refinance within 60-90 days, the dealer will probably get charged back for that, which based on your description I think they deserve here.

To be honest, this is why you need to have all the data before walking in to the dealer. I would have personally refused to do business with a dealer operating in such a manner.

Assuming you did not have an OL code (which doesn't stack with PenFed), then at the very least they screwed you out of $500 which would not have cost them anything.

[Buchimuer]

Originally Posted by Phasers

Your dealer is playing games with you, since the $3250 doesn't come out of their pocket. The 'straight MSRP' negotiated price for them was clearly not a dealer discount.

Penfed doesn't allow you to use BMWFS for financing (otherwise it is only $500). They marked up your rate the maximum allowed on the BMWFS deal for extra profit. If you refinance within 60-90 days, the dealer will probably get charged back for that, which based on your description I think they deserve here.

To be honest, this is why you need to have all the data before walking in to the dealer. I would have personally refused to do business with a dealer operating in such a manner.

Assuming you did not have an OL code (which doesn't stack with PenFed), then at the very least they screwed you out of $500 which would not have cost them anything.

I would want to walk away at that time, but it's a customized order that I had waited for about 8 weeks.

I thought that I did all my homework, but once they refused to apply that $3250, I have much less negotiating power even with the PenFed bank draft.

[Buchimuer]

Originally Posted by Phasers

Your dealer is playing games with you, since the $3250 doesn't come out of their pocket. The 'straight MSRP' negotiated price for them was clearly not a dealer discount.

Penfed doesn't allow you to use BMWFS for financing (otherwise it is only $500). They marked up your rate the maximum allowed on the BMWFS deal for extra profit. If you refinance within 60-90 days, the dealer will probably get charged back for that, which based on your description I think they deserve here.

To be honest, this is why you need to have all the data before walking in to the dealer. I would have personally refused to do business with a dealer operating in such a manner.

Assuming you did not have an OL code (which doesn't stack with PenFed), then at the very least they screwed you out of $500 which would not have cost them anything.

Even the PenFed $500, they refuse to apply, saying it's coming out of their reserves.

[Phasers]

Originally Posted by Buchimuer

Even the PenFed $500, they refuse to apply, saying it's coming out of their reserves.

Pardon my language but that's utter BS. It comes from BMW and they are reimbursed for it, whether $500 (financing with BMWFS) or $3250 (outside financing). All you need is your claim code.

I would call back and speak to the GM of the dealership and raise hell.

[lazybruin]

Originally Posted by Phasers

Pardon my language but that's utter BS. It comes from BMW and they are reimbursed for it, whether $500 (financing with BMWFS) or $3250 (outside financing). All you need is your claim code.

I would call back and speak to the GM of the dealership and raise hell.

I experienced similar issue with my dealership. They told me that they will give me $5k off MSRP for the cash deal. So I asked what if the custom order arrives and the financing incentives become available then, they said then they will take the financing incentives off my $5k discounts (i.e. if I receive $2k financing incentives, then they will give me $3k discount off MSRP only). I think that is utter BS as well because the financing incentives are not out of the dealership's pocket anyway, so I don't understand why they would do this.

[Buchimuer]

Originally Posted by Phasers

Pardon my language but that's utter BS. It comes from BMW and they are reimbursed for it, whether $500 (financing with BMWFS) or $3250 (outside financing). All you need is your claim code.

I would call back and speak to the GM of the dealership and raise hell.

idk…. I also have the corporate $1000 incentive and it's also got refused to apply on top of the negotiated price They took the paperwork with the code as reference tho

[mjr24]

Originally Posted by lazybruin

I experienced similar issue with my dealership. They told me that they will give me $5k off MSRP for the cash deal. So I asked what if the custom order arrives and the financing incentives become available then, they said then they will take the financing incentives off my $5k discounts (i.e. if I receive $2k financing incentives, then they will give me $3k discount off MSRP only). I think that is utter BS as well because the financing incentives are not out of the dealership's pocket anyway, so I don't understand why they would do this.

Because most all dealers are sleazy...whether selling used or new cars, BMW or Yugo.

[Jason]

Updated with August program rates.

[SHARMAATL]

What are the rates for the Alpina XB7?

[M3BeamerVroom]

What's the money factor on 22Y?

[Phasers]

Originally Posted by M3BeamerVroom

What's the money factor on 22Y?

Base is .00093 MF

[NVRfollo]

Originally Posted by Phasers

Penfed is an incentive you can generate a code for once per year. You must be a member of their credit union for at least 60 days to generate the code.

https://penfed.truecar.com/oem/landing/bmw/

On the X7: It is currently $3250 if you don’t finance with BMWFS or $500 if you do. This comes from BMW and not the dealer. It can be combined with loyalty, conquest, and/or college grad. Please note that some of these other offers require you to finance through BMWFS so you’ll need to know which combination of incentives is better for your situation.

Does Penfed only work for Truecar dealers? Can you get a rebate on leases also?

[TCBavarian]

Originally Posted by NVRfollo

Does Penfed only work for Truecar dealers? Can you get a rebate on leases also?

Penfed works for any BMW dealer. The amount is $500 when combining with a BMWFS lease

[bimmerdiesel]

Originally Posted by ismelllikepoop

Sadly there will be enough idiots that will.

what do you do if you need one... I m resisting till next year but if situation doesn't change I will bite the bullet and order M50i

[lazybruin]

Originally Posted by mjr24

Because most all dealers are sleazy...whether selling used or new cars, BMW or Yugo.

Any tips on negotiation skill to try to add financial incentives on top of the $5k discount they are offering me?

I wonder if it'd help escalating to the GM.. My point is that if they are ready to offer a $5k discount out of their pocket anyway... why wouldn't they honor more discounts for me that is not out of their pocket? I simply don't understand the logic.

[Phasers]

Originally Posted by lazybruin

Any tips on negotiation skill to try to add financial incentives on top of the $5k discount they are offering me?

I wonder if it'd help escalating to the GM.. My point is that if they are ready to offer a $5k discount out of their pocket anyway... why wouldn't they honor more discounts for me that is not out of their pocket? I simply don't understand the logic.

I personally negotiated "X amount off PRE-INCENTIVE as a dealer discount".

In your case, if they are saying $5k discount, I would respond back "That's pre-incentive right?". And then ask for it in writing.

[lazybruin]

Originally Posted by Phasers

I personally negotiated "X amount off PRE-INCENTIVE as a dealer discount".

In your case, if they are saying $5k discount, I would respond back "That's pre-incentive right?". And then ask for it in writing.

Yes, I have it in writing that it's 5k off pre incentives. But they said if I end up getting financing incentives, they will deduct the financing incentives from the 5k discounts, which is completely counterintuitive to me because the financing incentives are not out of their pocket.

[Phasers]

Originally Posted by lazybruin

Yes, I have it in writing that it's 5k off pre incentives. But they said if I end up getting financing incentives, they will deduct the financing incentives from the 5k discounts, which is completely counterintuitive to me because the financing incentives are not out of their pocket.

Sounds like what you have in writing does not agree with what they are telling you verbally. In that case I would escalate up as much as you need to, because legally, written overrules verbal agreement.

[prozzi20]

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