BMW Incentives 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 No-Haggle, CarsDirect, and NADAGuides 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.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid