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Old 05-15-2017, 12:19 PM
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Justin T Justin T is offline
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Minimum Needed to Finance w/ BMWFS for Offer Eligibility

I might have missed this but asking the forum...

Say we want to purchase and not lease.

We honestly just want to do a cash deal for my wife's next car but I believe I have read the fine print about must be financed through BMWFS for "X" offer.

So...when there are offers bound by this requirement, what is the minimum we need to finance to gain said hypothetical offer?

Thanks!
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Old 05-15-2017, 12:35 PM
MJBrown62 MJBrown62 is offline
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Quote:
Originally Posted by Justin T View Post
I might have missed this but asking the forum...

Say we want to purchase and not lease.

We honestly just want to do a cash deal for my wife's next car but I believe I have read the fine print about must be financed through BMWFS for "X" offer.

So...when there are offers bound by this requirement, what is the minimum we need to finance to gain said hypothetical offer?

Thanks!
Minimum amount is $7500.
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  #3  
Old 05-15-2017, 12:46 PM
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adrian's bmw adrian's bmw is offline
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Originally Posted by MJBrown62 View Post
Minimum amount is $7500.
Recommended that you finance a minimum term of 24 months as well.
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Old 05-15-2017, 12:47 PM
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Yinzer Yinzer is offline
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3 months I think but chance I may be incorrect.
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Old 05-15-2017, 12:56 PM
MJBrown62 MJBrown62 is offline
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Consult your state laws regarding prepayment of installment loans, and ask the finance manager or sales manager if you will be charged back to your account the value of the benefit you received if you prepay.
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Old 05-15-2017, 01:15 PM
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Excellent info as always. Thank you guys!
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Old 05-15-2017, 01:55 PM
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Generally if you wait at least six months to payoff the financing no one, neither you nor the dealer, will get "charged back" for the incentive that was applied.
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Old 05-15-2017, 02:37 PM
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I got one of those deals on my previous BMW, $1000 for financing. I'm too lazy/busy to look up the fine print on the loan documents, but I recall it being three or four months and a minimum financed amount of $10k, but that was on a $73k car.
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Old 05-15-2017, 10:00 PM
MJBrown62 MJBrown62 is offline
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Quote:
Originally Posted by Autoputzer View Post
I got one of those deals on my previous BMW, $1000 for financing. I'm too lazy/busy to look up the fine print on the loan documents, but I recall it being three or four months and a minimum financed amount of $10k, but that was on a $73k car.
$7,500 is the minimum for all loans regardless of collateral.
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