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X5 E70 (2007 - 2013)
E70 BMW X5 produced between 2007 and 2013. Discuss the E70 X5 with other BMW owners here.

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  #1  
Old 11-03-2010, 03:03 PM
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JMK JMK is offline
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2500 Holiday Credit

I just heard BMW is offering a Holiday Credit of 2500 on top of all discounts on 2011 X5. I haven't ordered yet, but that does sweeten the pot! Can anyone confirm this???
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  #2  
Old 11-03-2010, 04:06 PM
pfbz pfbz is offline
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More details on the BMW web site here. A cut and paste from the BMW website below.

--------------
Current X5 xDrive35i Premium Special Offers

2011 Financing Offer
0.9% Annual Percentage Rate Offer. $2,500 Holiday Credit available.

Qualified customers only. Available at participating BMW centers through BMW Financial Services NA, LLC.

...

Holiday Credit is a $2,500 credit against the MSRP of the final purchase of the X5 xDrive35i Premium through 1/3/2011.

...

Holiday Finance Credit offer is being made by BMW of North America, LLC and only applies to specific new 2011 BMW Models leased or financed through BMW Financial Services. Available new 2011 models receiving the credit are: 1 Series, 3 Series, 5 Series, 7 Series (except 760 and Alpina's), X5, X6, M3, X5M, X6M, and Z4. Holiday Finance Credit amounts of either $1,500 or $2,500 are based on model. Holiday Credit must be applied to a Lease, OwnersChoice or Retail Finance contract though BMW Financial Services by January 3, 2011.

...

is applied directly to the contract, reducing the amount financed and is disclosed as such on the contract. Subject to credit approval.
--------------


The "Credit against the MSRP of the final purchase" part is a bit vague.

Also, I'm awaiting clarification, but I assume there is no dealer contribution on this program, so you should be able to negotiate your best invoice plus deal and knock another $2,500 off. That is what I am hoping at least.
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  #3  
Old 11-03-2010, 04:16 PM
Kirit Kirit is offline
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Mein Auto: 2011 X5 35D
Quote:
Originally Posted by JMK View Post
I just heard BMW is offering a Holiday Credit of 2500 on top of all discounts on 2011 X5. I haven't ordered yet, but that does sweeten the pot! Can anyone confirm this???
I ordered X5 35D last month and the lease rate was $711 per month. I am getting delivery around 15th and when I saw this 2500 credit on the BMW site I called the CA and spoke to him today. The rate for this month is 652. Sweet deal
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  #4  
Old 11-03-2010, 04:33 PM
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JMK JMK is offline
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I was thinking of getting the M sport, but the 35d with the eco credit and the holiday credit could really sweeten the deal!!
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  #5  
Old 11-03-2010, 05:39 PM
RaleighX5 RaleighX5 is offline
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Quote:
Originally Posted by JMK View Post
I was thinking of getting the M sport, but the 35d with the eco credit and the holiday credit could really sweeten the deal!!
Um, the holiday credit only applies to 35i Premium, not 35d.
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  #6  
Old 11-03-2010, 06:08 PM
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bobamoo bobamoo is offline
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Just my luck, they offer this right after I buy mine...oh well.
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  #7  
Old 11-03-2010, 06:55 PM
pfbz pfbz is offline
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Quote:
Originally Posted by RaleighX5 View Post
Um, the holiday credit only applies to 35i Premium, not 35d.
Where are you getting that info?

Quote:
Originally Posted by bmwusa.com
Available new 2011 models receiving the credit are: 1 Series, 3 Series, 5 Series, 7 Series (except 760 and Alpina's), X5, X6, M3, X5M, X6M, and Z4.
They specifically exclude the 760 and Alpina's, if the X5 35d was excluded, I think they would specify that as well.

Last edited by pfbz; 11-03-2010 at 06:58 PM.
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  #8  
Old 11-03-2010, 06:55 PM
335xiCT 335xiCT is offline
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Quote:
Originally Posted by RaleighX5 View Post
Um, the holiday credit only applies to 35i Premium, not 35d.
http://www.bmwusa.com/Standard/Conte...modelcode=1163

It applies to the 35d too according to BMWUSA.com.
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  #9  
Old 11-03-2010, 06:56 PM
335xiCT 335xiCT is offline
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Originally Posted by pfbz View Post
Where are you getting that info?
Lol got me by a few seconds.
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  #10  
Old 11-03-2010, 07:46 PM
Popdisplay Popdisplay is offline
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Holiday Cash

The $2500 bonus DOES apply to the 35d. I just completed the paperwork on a 35d and the $2500 was applied on/after the final negotiated price

Invoice +/- whatever you negotiate
- $3500 Eco Credit (pre-tax)
-$2500 Holiday Cash (post tax)
-$1800 tax credit

= a $7800 savings + sales tax on the $3500 Eco Credit (6% or $210 in my case)
= a $8010 total savings

Making it all the sweeter is 3 year financing @ 0.9%

vs a traditional 4.9% loan, the BMW 0.9% loan saves $1100 per year

Last edited by Popdisplay; 11-03-2010 at 07:57 PM.
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  #11  
Old 11-03-2010, 07:58 PM
panic75 panic75 is offline
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So our new X5 35d dropped into production today. This purchase has been a nightmare (see the thread titled "Opinions Wanted - Dealer Damage...") and our dealer is honoring our originally negotiated price which was before the $500 increase and the $1000 drop in eco credit. Could we drop our price another $2500 since we won't have the vehicle for another couple weeks? Anyone know the rate BMWFS is offering on a 60 month loan? The 0.9% is sweet but that results in a higher monthly payment than I want to commit to at this point.
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  #12  
Old 11-03-2010, 08:07 PM
Popdisplay Popdisplay is offline
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Quote:
Originally Posted by panic75 View Post
So our new X5 35d dropped into production today. This purchase has been a nightmare (see the thread titled "Opinions Wanted - Dealer Damage...") and our dealer is honoring our originally negotiated price which was before the $500 increase and the $1000 drop in eco credit. Could we drop our price another $2500 since we won't have the vehicle for another couple weeks? Anyone know the rate BMWFS is offering on a 60 month loan? The 0.9% is sweet but that results in a higher monthly payment than I want to commit to at this point.
I doubt they will allow you to tack on the $2500 on top of those outdated terms. However, I'd happily walk away from the $500 cheaper cost and $1000 lesser Eco Credit in favor of the $2500 Holiday credit. Gains you $1000 overall.

Last edited by Popdisplay; 11-03-2010 at 08:44 PM.
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  #13  
Old 11-04-2010, 06:45 AM
two-five boy two-five boy is offline
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5-Yr Financing should be 1.9%.
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  #14  
Old 11-04-2010, 07:08 AM
Gregory34 Gregory34 is offline
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Actually it's 2.9% now for the 5 yr financing.

It's only a slight savings over the prior total cost if you finance it. They raised the MSRP $500, raised the 1.9% 5 yr financing to 2.9%, and then offer a $2,500 rebate.
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  #15  
Old 11-04-2010, 07:13 AM
pfbz pfbz is offline
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Quote:
Originally Posted by Gregory34 View Post
Actually it's 2.9% now for the 5 yr financing.

It's only a slight savings over the prior total cost if you finance it. They raised the MSRP $500, raised the 1.9% 5 yr financing to 2.9%, and then offer a $2,500 rebate.
But great for cash buyers... I'll be opting for 0.9% 24 month, take the $2,500 credit, finance the minimum amount allowed and pay off early.

Probably less than $100 in finance fees nets a $2,500 reduction in purchase price.
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  #16  
Old 11-04-2010, 07:15 AM
Gregory34 Gregory34 is offline
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Agreed. It is a significant savings to cash buyers.
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  #17  
Old 11-04-2010, 12:36 PM
Popdisplay Popdisplay is offline
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Quote:
Originally Posted by pfbz View Post
But great for cash buyers... I'll be opting for 0.9% 24 month, take the $2,500 credit, finance the minimum amount allowed and pay off early.

Probably less than $100 in finance fees nets a $2,500 reduction in purchase price.
Why borrow for less than 3 yrs and why the min allowed?

Where else you gonna get money @ .9%?
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  #18  
Old 11-04-2010, 03:25 PM
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JMK JMK is offline
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exactly. I am going for 35d, finance for 3 years.
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  #19  
Old 11-04-2010, 04:52 PM
pfbz pfbz is offline
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Quote:
Originally Posted by Popdisplay View Post
Why borrow for less than 3 yrs and why the min allowed?
I just prefer not to have outstanding balances on credit accounts... But your right, it is cheap money.
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