BMW Offering Great End-of-Year Incentives
If you've had your eye set on a new BMW, now may be the time to buy.
BMW recently came out with some of its best incentives of the year. From now until January 4, 2010, buyers have the opportunity to take advantage of these rebates for both 2009 and 2010 models.
The best deals are found on BMW's 2009 models, but some 2010s have a lot to offer as well. The company is even offering direct factory-to-customer rebates, something it rarely does.
Known as "Holiday Credit Cash", these come in either $1,500 or $2,500 rebates. While most of the models get the rebate, not all do - only those leased or financed through BMW Financial Services qualify.
A majority of the models - even some of the 2010 ones - also come with low-interest loans which buyers can combine with the "Holiday Credit Cash". The low interest rates are all for 24/60 months and range from 0.9% - 4.9%.
For some models, BMW is also offering special factory-to-dealer rebates which dealers can use to discount their prices. There's no guarantee they will pass their hidden discounts over to you, but it won't hurt to negotiate.
There are limitations on the offer, as buyers may have to choose between the discounts and the low-interest loan rate, for example. This isn't true in all cases, however. The 6-Series and M6, both allow a combination of $6,000 dealer rebate with a low APR rate of 0.9%.
These are all great deals no matter which BMW you choose, and consumers have almost two full months to make a smart purchase.
My Recommendation for Car ShoppersTrueCar No-Haggle, Edmunds Price Promise, 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
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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