BMW Incentives for September and October 2009
BMW recently announced new dealer incentives that are good for September and October 2009.
As usual, the incentives are in the form of low-interest loans and hidden dealer cash for select models. Dealers typically use the cash to create price discounts for customers. You will usually find the dealers more likely to use the incentives as the month rolls on (the closer to the end of the month, the more likely the incentives get used to keep sales going).
There are no cash rebates or any special lease deals being offered presently.
Low-interest loan rates for 2009 models are as follows:
0.9% for 24-60 months (6-Series and M6)
3.9% (5-Series and M5)
Other models, including new 2010 models, also have special loan rates.
Some BMW models have excellent hidden dealer cash that translates into good price discounts. The BMW 3-Series sedans receive $1840 back from BMW, the 5-Series and M5 sedans get $2500, the diesel X5 35d gets $4500 and the 6-Series and M6 get $6000 in factory cash.
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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