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F10 / F11 (2011 - Current)
The new chapter in the highly successful story of the BMW 5 Series Sedan (F10) and wagon (F11)

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  #1  
Old 05-06-2012, 10:19 PM
Chuck W.'s Avatar
Chuck W. Chuck W. is offline
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Got a Nice Email From BMW Financial Services

"Thank you for your payoff payment. This payment satisfies the balance owed on your account. We have posted your payment to your 2012 BMW 535i Sedan account as reflected below."
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2012 BMW 535I 26,000 Miles
ED Pick Up on 12/03/2011; US Pick Up on 01/27/1012
Alpine White, M Sport, Blk Nappa, Cold Weather, Luxury Seating, Premium, Premium Sound, Tech, Sports Trans, Active Cruise, Heads-Up

Mods - Quad Exhaust Tips, HID Fog Lights, Clear Front Reflectors, M5 Spoiler, Calipers Painted Black, 12.5 mm Rear Wheel Spacers, Tint - 5% Rear, 35% Front & 50% Windshield - BlackVue DR500GW Dash Cam, Blendmount for Valentine One

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  #2  
Old 05-06-2012, 10:20 PM
Kar Don Kar Don is offline
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great
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  #3  
Old 05-06-2012, 11:40 PM
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Die Wolfe Die Wolfe is offline
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You paid off your 2012 535 already?! Awesome!
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  #4  
Old 05-07-2012, 06:06 AM
ksoze ksoze is offline
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Okay Mitt, enough bragging
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  #5  
Old 05-07-2012, 06:34 AM
jjscott jjscott is offline
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Umm...ok??
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  #6  
Old 05-07-2012, 06:35 AM
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Needsdecaf Needsdecaf is offline
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Not bad....
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  #7  
Old 05-07-2012, 08:23 AM
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Chuck W. Chuck W. is offline
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Originally Posted by ksoze View Post
Okay Mitt, enough bragging
Haaaa.... very good!
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2012 BMW 535I 26,000 Miles
ED Pick Up on 12/03/2011; US Pick Up on 01/27/1012
Alpine White, M Sport, Blk Nappa, Cold Weather, Luxury Seating, Premium, Premium Sound, Tech, Sports Trans, Active Cruise, Heads-Up

Mods - Quad Exhaust Tips, HID Fog Lights, Clear Front Reflectors, M5 Spoiler, Calipers Painted Black, 12.5 mm Rear Wheel Spacers, Tint - 5% Rear, 35% Front & 50% Windshield - BlackVue DR500GW Dash Cam, Blendmount for Valentine One

Coding by tuesday (aka; itschase) (Chase)
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  #8  
Old 05-07-2012, 09:01 AM
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Stealth.Pilot Stealth.Pilot is offline
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Interesting. Did you do the financing to get the owner loyalty credit next time you buy a car?

I should have done that, however I was told it is difficult to buy a car with credit through a new LLC so i ended up paying cash. Do you know if it is possible to use your own credit rating to buy through a LLC?
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  #9  
Old 05-07-2012, 09:04 AM
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DreamCar DreamCar is offline
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Quote:
Originally Posted by Stealth.Pilot View Post
Interesting. Did you do the financing to get the owner loyalty credit next time you buy a car?

I should have done that, however I was told it is difficult to buy a car with credit through a new LLC so i ended up paying cash. Do you know if it is possible to use your own credit rating to buy through a LLC?
There was a 1k cash rebate if you finance... I think Chuck might have got that assuming he bought the car around oct/nov ?

Last edited by DreamCar; 05-07-2012 at 09:05 AM.
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  #10  
Old 05-07-2012, 09:11 AM
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Chuck W. Chuck W. is offline
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Quote:
Originally Posted by Stealth.Pilot View Post
Interesting. Did you do the financing to get the owner loyalty credit next time you buy a car?

I should have done that, however I was told it is difficult to buy a car with credit through a new LLC so i ended up paying cash. Do you know if it is possible to use your own credit rating to buy through a LLC?
Quote:
Originally Posted by DreamCar View Post
There was a 1k cash rebate if you finance... I think Chuck might have got that assuming he bought the car around oct/nov ?
I did finance to get the Holiday rebate of $1000. You had to pay five payments or the dealership gets suffers. I did get the owners loyalty credit, but don't know how many times you can use it. I would like to get the new M3 when it comes out in 2014. Another ED....

I can't help with the credit questions. LLCs are why over my head!!
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2012 BMW 535I 26,000 Miles
ED Pick Up on 12/03/2011; US Pick Up on 01/27/1012
Alpine White, M Sport, Blk Nappa, Cold Weather, Luxury Seating, Premium, Premium Sound, Tech, Sports Trans, Active Cruise, Heads-Up

Mods - Quad Exhaust Tips, HID Fog Lights, Clear Front Reflectors, M5 Spoiler, Calipers Painted Black, 12.5 mm Rear Wheel Spacers, Tint - 5% Rear, 35% Front & 50% Windshield - BlackVue DR500GW Dash Cam, Blendmount for Valentine One

Coding by tuesday (aka; itschase) (Chase)

Last edited by Chuck W.; 05-07-2012 at 09:13 AM.
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  #11  
Old 05-07-2012, 12:00 PM
kc1953 kc1953 is offline
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Quote:
Originally Posted by Chuck W. View Post
I did finance to get the Holiday rebate of $1000. You had to pay five payments or the dealership gets suffers. I did get the owners loyalty credit, but don't know how many times you can use it. I would like to get the new M3 when it comes out in 2014. Another ED....

I can't help with the credit questions. LLCs are why over my head!!
I did basically the same thing. I bought in April 2012 and I had to finance $7,500 to get a $1,500 credit. So I too will make my 5 monthly payments and then pay it off.
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  #12  
Old 05-07-2012, 05:11 PM
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HWF HWF is offline
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Same with me. I financed the minimum amount, $10,000, and will make the minimum number of payments, six. This earned me a $1,500 credit.
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  #13  
Old 05-08-2012, 04:17 PM
jjscott jjscott is offline
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What is this loyality credit I see mentioned in this thread? Is it a percentage or fixed dollar amount off your next BMW purchase? Is it only available if you finance? My dealer never mentioned it to me. Are you supposed to receive a physical certificate or is it tied to your name in the BMW system?

I purchased my 2012 550xi in Feb.

Thanks
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  #14  
Old 05-08-2012, 08:19 PM
kc1953 kc1953 is offline
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Quote:
Originally Posted by jjscott View Post
What is this loyality credit I see mentioned in this thread? Is it a percentage or fixed dollar amount off your next BMW purchase? Is it only available if you finance? My dealer never mentioned it to me. Are you supposed to receive a physical certificate or is it tied to your name in the BMW system?

I purchased my 2012 550xi in Feb.

Thanks
Mine was just a $1,500 credit offered to lease or financing customers. Over a 6 month financing period I will pay less than $100 in interest, so my net additional price discount was the equivalent of $1,400. No certificate, no nothing. Just sign the damn note and agree not to prepay for 6 months. Seemed like a no brainer, although I was a bit perplexed why I couldn't just get an additional $1,400 off the price of the car. I guess they figure most people that buy are financing and leasing, want to limit cash out, so the financing/leasing incentive draws in incremental sales for those on the fence. I guess they figure cash buyers like me are already hooked.
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Last edited by kc1953; 05-08-2012 at 08:21 PM. Reason: typo
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  #15  
Old 05-08-2012, 08:33 PM
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HWF HWF is offline
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They make the assumption that many "short term" borrowers will simply continue their loan and payment mode, and decide not to come up with the cash to pay off the loan after 6 mnths.
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  #16  
Old 05-08-2012, 10:32 PM
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Chuck W. Chuck W. is offline
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Quote:
Originally Posted by jjscott View Post
What is this loyality credit I see mentioned in this thread? Is it a percentage or fixed dollar amount off your next BMW purchase? Is it only available if you finance? My dealer never mentioned it to me. Are you supposed to receive a physical certificate or is it tied to your name in the BMW system?

I purchased my 2012 550xi in Feb.

Thanks
My CA told me if I could show that I had owned a BMW in the last 12 months I would receive an additional $1000 off before taxes/license. My E60 had been totaled 4 months prior so I just showed him the last registration card. When I signed the contract with the finance department there was no listing or notation for this rebate. But the price of the car was adjusted to reflect the rebate. It was explained to me that the dealership would be reimbursed for that money from BMW. If I was reading him right, if the buyer is unaware of the loyalty rebate the dealer will merely pocket it. The $1730 navigation rebate was handled the same way. The only discount that was shown on the contract was the $1000 mission to drive holiday rebate.

Sent from my ADR6300 using Bimmer App
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2012 BMW 535I 26,000 Miles
ED Pick Up on 12/03/2011; US Pick Up on 01/27/1012
Alpine White, M Sport, Blk Nappa, Cold Weather, Luxury Seating, Premium, Premium Sound, Tech, Sports Trans, Active Cruise, Heads-Up

Mods - Quad Exhaust Tips, HID Fog Lights, Clear Front Reflectors, M5 Spoiler, Calipers Painted Black, 12.5 mm Rear Wheel Spacers, Tint - 5% Rear, 35% Front & 50% Windshield - BlackVue DR500GW Dash Cam, Blendmount for Valentine One

Coding by tuesday (aka; itschase) (Chase)
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  #17  
Old 05-10-2012, 07:32 AM
Dblock2151 Dblock2151 is offline
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Lucky! I only have 60k left to go for my 550i lol.
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  #18  
Old 05-10-2012, 09:05 AM
nicewonky nicewonky is offline
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Just wondering what happens after the payoff confirmation ... do you automatically get a new lien-free title from the DMV or is this something you'd have to request for (I'm guessing with some proof of payoff from BMW)?
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  #19  
Old 05-10-2012, 03:49 PM
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Chuck W. Chuck W. is offline
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Just wondering what happens after the payoff confirmation ... do you automatically get a new lien-free title from the DMV or is this something you'd have to request for (I'm guessing with some proof of payoff from BMW)?
In California it is paperless. The DMV gets notified that the car has been paid off and they send out the title. Credit Union and banks don't have a paper title in hand any more.
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2012 BMW 535I 26,000 Miles
ED Pick Up on 12/03/2011; US Pick Up on 01/27/1012
Alpine White, M Sport, Blk Nappa, Cold Weather, Luxury Seating, Premium, Premium Sound, Tech, Sports Trans, Active Cruise, Heads-Up

Mods - Quad Exhaust Tips, HID Fog Lights, Clear Front Reflectors, M5 Spoiler, Calipers Painted Black, 12.5 mm Rear Wheel Spacers, Tint - 5% Rear, 35% Front & 50% Windshield - BlackVue DR500GW Dash Cam, Blendmount for Valentine One

Coding by tuesday (aka; itschase) (Chase)
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  #20  
Old 05-10-2012, 04:46 PM
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dunderhi dunderhi is offline
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Quote:
Originally Posted by nicewonky View Post
Just wondering what happens after the payoff confirmation ... do you automatically get a new lien-free title from the DMV or is this something you'd have to request for (I'm guessing with some proof of payoff from BMW)?
In Maryland, BMW sent me a title in which they signed off the lien, but they recommended that I take it to the DMV to get a new title.

Back on the original topic: I paid off my 335d in under a year, but my 550 is at 0.9% so I'm in no rush at all.
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  #21  
Old 05-10-2012, 05:26 PM
kc1953 kc1953 is offline
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Originally Posted by nicewonky View Post
Just wondering what happens after the payoff confirmation ... do you automatically get a new lien-free title from the DMV or is this something you'd have to request for (I'm guessing with some proof of payoff from BMW)?
I believe the dealer sends the payoff information to the dmv and the dmv then sends the pink slip. I cannot ever remember having to do anything to get the pink slip after paying off an auto loan. I think the only thing you have to do is notify your insurance carrier to change the loss payee.
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  #22  
Old 05-11-2012, 04:56 PM
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K-A K-A is offline
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Originally Posted by ksoze View Post
Okay Mitt, enough bragging
LOL.
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  #23  
Old 03-07-2013, 02:02 PM
milepig milepig is offline
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I just put my payoff check in the mail. Bought in March 2012, financing about half the purchase. By coincidence, I got a part-time gig in addition to my regular job starting in July, and have been putting every penny of that income straight to the car along with my regular monthly payment. Less than a year later and the black beauty is all mine.

I probably would have been wiser to let the BMW payments stretch out since the interest rate was very attractive, but I just wanted the car payment monkey off my back.
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  #24  
Old 03-07-2013, 02:36 PM
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Chuck W. Chuck W. is offline
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Originally Posted by milepig View Post
I just put my payoff check in the mail. Bought in March 2012, financing about half the purchase. By coincidence, I got a part-time gig in addition to my regular job starting in July, and have been putting every penny of that income straight to the car along with my regular monthly payment. Less than a year later and the black beauty is all mine.

I probably would have been wiser to let the BMW payments stretch out since the interest rate was very attractive, but I just wanted the car payment monkey off my back.
Cool. It is a good feeling not to owe on the car. Now, wait until you pay off your house. Problem is, you have to be old to reach that point.... ask me how I know.
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2012 BMW 535I 26,000 Miles
ED Pick Up on 12/03/2011; US Pick Up on 01/27/1012
Alpine White, M Sport, Blk Nappa, Cold Weather, Luxury Seating, Premium, Premium Sound, Tech, Sports Trans, Active Cruise, Heads-Up

Mods - Quad Exhaust Tips, HID Fog Lights, Clear Front Reflectors, M5 Spoiler, Calipers Painted Black, 12.5 mm Rear Wheel Spacers, Tint - 5% Rear, 35% Front & 50% Windshield - BlackVue DR500GW Dash Cam, Blendmount for Valentine One

Coding by tuesday (aka; itschase) (Chase)
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  #25  
Old 03-07-2013, 02:58 PM
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DJHomie DJHomie is offline
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Quote:
Originally Posted by milepig View Post
I just put my payoff check in the mail. Bought in March 2012, financing about half the purchase. By coincidence, I got a part-time gig in addition to my regular job starting in July, and have been putting every penny of that income straight to the car along with my regular monthly payment. Less than a year later and the black beauty is all mine.

I probably would have been wiser to let the BMW payments stretch out since the interest rate was very attractive, but I just wanted the car payment monkey off my back.
Nice, good move. Sounds like a Dave Ramsey listener..
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