BMW Offering Great Incentives on 2010 Models
The Bavarian automaker has come out with a variety of new incentives for June 2010 - low-interest loans, "loyalty" cash, special promotional leases, and factory-to-dealer cash.
For low-interest loans, BMW offers 0.9% APR for 24 months or 2.9% APR for 72 months for the 335i xDrive, or 1.9% APR for 72 months for previous BMW customers from the last 12 months.
Similar low-interest rates are available on many other models and styles.
As for special lease deals, it's across the board for 2010 models: 1-Series, 3-Series, 5-Series, 6-Series, 7-Series, X3, X5, X6, and Z4. (Note: no special leases on new 2011 models.)
For loyal lease customers, BMW is offering "Owner Loyalty Bonus Cash" on selected models. The amount is typically $1,500.
Finally, BMW is providing dealers hidden rebates called "Build-Out Cash," which can be significant, especially on higher priced BMW models.
For example, the 2010 BMW Z4 gets $3,500. The 2010 BMW 5-Series gets $6,000. And the 2010 BMW 6-Series gets a whopping $10,000! Sweet discounts on sweet cars!
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