BMW Offering Great End-of-Year Incentives
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.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow 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