BMW Offers "Hidden" Deals for March and April
That may be good news for car shoppers considering a less expensive, upmarket vehicle but would really prefer a German car. The automaker is offering a variety of incentives, though they aren't making waves about it.
For example, if you can afford a 24-month loan on a BMW 128i, 135i, or 335i coupe, you can expect an APR of 0.9 percent plus between $1,500 and $2,500 cash back. Monthly lease payments for the three range between $339 and $419, depending on options and model.
Higher end BMWs are also getting a healthy bump from the manufacturer to promote sales. The 550i is eligible for $2,500 cash back and a 2.9% APR. But savvy buyers can also take advantage of knowing that dealers will make $6,000 on each sale during negotiations.
The 650i coupe is another BMW that may offer potential buyers room to negotiate. $10,000 in dealer cash could provide a great starting point for haggling, and the 2.9% APR rate is good for up to five years.
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