Purchase agreement question

drob23 · 12-03-2012, 04:45 PM

Anyone happen to have a copy of their purchase agreement with incentives spelled out? I'm having a pricing issue with my CA and would like to see if there are any examples of this. He claims that BMW never lists incentives in their purchase agreements...

Thanks!

Tsuyoi · 12-03-2012, 05:05 PM

Well depends. The order form itself doesn't have a section to list incentives, but it can be hand written in. I'm getting an incentive for financing through a particular bank, so the dealer listed the price on the order form as after rebate, but hand wrote in "based on executive preference program" to show the reflection of the incentive in the price.

If it's a non-monetary incentive (i.e free accessories or additions) then make sure you have it somewhere or other in writing before signing the purchase order.

EnerJi · 12-03-2012, 07:55 PM

Quote:

Originally Posted by drob23

Anyone happen to have a copy of their purchase agreement with incentives spelled out? I'm having a pricing issue with my CA and would like to see if there are any examples of this. He claims that BMW never lists incentives in their purchase agreements...

Thanks!

Where would they go if not on the purchase agreement? Let's say you've agreed on a negotiated price of $50k, not including $2k of incentives which will bring your final price down to $48k. Does he expect to list $50k as the purchase price? That doesn't seem right to me, although I didn't have any incentives when I purchased so I can't say for sure.

claykin · 12-03-2012, 08:34 PM

As Enerji said, if you don't see the credit on the Purchase Order then the PP must be reduced accordingly. There's no magic to the numbers. Don't be scammed.

shivaswrath · 12-03-2012, 10:31 PM

Quote:

Originally Posted by drob23

Anyone happen to have a copy of their purchase agreement with incentives spelled out? I'm having a pricing issue with my CA and would like to see if there are any examples of this. He claims that BMW never lists incentives in their purchase agreements...

Thanks!

They didn't for me..all I had was the Oktoberfest $500 incentive too.

UhhItsANT · 12-04-2012, 01:38 AM

I just purchase on Saturday. The incentive fell under the down payment section. It was labeled "manufacture rebate" and added to my total down payment. The purchase priced stayed the same.

Ron Scott · 12-04-2012, 05:59 AM

My guy totaled everything and then wrote in by hand "Drive event" and subtracted $1000 from the total, all shown on the invoice.

Wajhik · 12-04-2012, 01:23 PM

Greetings from a dealer...

There are certain disclosed and undiscosable incentives. Most rebates should always be disclosed. In our purchase orders in Illinois, you have MSRP, Selling price, then any applicable rebates. In the case of Loyalty or Holiday cash, those should be disclosed and clearly stated on the purchase agreement or bill of sale.

The only thing I can think of is if the tax laws are different where you live, in Illinois , manufacturer rebates are taxed so they are always disclosed on the agreement. But What he says about "BMW incentives are never disclosed" is not true.

12-03-2012, 04:45 PM	#1
drob23 Lieutenant Colonel 50 Rep 1,730 Posts Drives: S4 Join Date: Oct 2012 Location: Michigan iTrader: (1)	Purchase agreement question Anyone happen to have a copy of their purchase agreement with incentives spelled out? I'm having a pricing issue with my CA and would like to see if there are any examples of this. He claims that BMW never lists incentives in their purchase agreements... Thanks! __________________ UNDRSTR
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12-03-2012, 05:05 PM	#2
Tsuyoi Lieutenant 34 Rep 568 Posts Drives: 2013 F30 328i Join Date: Nov 2012 Location: New York iTrader: (0)	Well depends. The order form itself doesn't have a section to list incentives, but it can be hand written in. I'm getting an incentive for financing through a particular bank, so the dealer listed the price on the order form as after rebate, but hand wrote in "based on executive preference program" to show the reflection of the incentive in the price. If it's a non-monetary incentive (i.e free accessories or additions) then make sure you have it somewhere or other in writing before signing the purchase order.
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12-03-2012, 08:34 PM	#4
claykin Brigadier General 1588 Rep 4,551 Posts Drives: various BMW Join Date: Nov 2009 Location: Florida iTrader: (0)	As Enerji said, if you don't see the credit on the Purchase Order then the PP must be reduced accordingly. There's no magic to the numbers. Don't be scammed.
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12-04-2012, 01:38 AM	#6
UhhItsANT Captain 77 Rep 664 Posts Drives: 2013 BMW 335i Join Date: Sep 2012 Location: Bay Area, CA iTrader: (2) Garage List 2013 BMW 335i [0.00]	I just purchase on Saturday. The incentive fell under the down payment section. It was labeled "manufacture rebate" and added to my total down payment. The purchase priced stayed the same.
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12-04-2012, 05:59 AM	#7
Ron Scott Captain 85 Rep 632 Posts Drives: 2013 335 M Sport Join Date: Feb 2010 Location: Long Island iTrader: (0)	My guy totaled everything and then wrote in by hand "Drive event" and subtracted $1000 from the total, all shown on the invoice.
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12-04-2012, 01:23 PM	#8
Wajhik Private 9 Rep 84 Posts Drives: 2013 335i EB Join Date: Jul 2012 Location: Springfield Illinois iTrader: (0)	Greetings from a dealer... There are certain disclosed and undiscosable incentives. Most rebates should always be disclosed. In our purchase orders in Illinois, you have MSRP, Selling price, then any applicable rebates. In the case of Loyalty or Holiday cash, those should be disclosed and clearly stated on the purchase agreement or bill of sale. The only thing I can think of is if the tax laws are different where you live, in Illinois , manufacturer rebates are taxed so they are always disclosed on the agreement. But What he says about "BMW incentives are never disclosed" is not true.
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