[radiosmithy]

Got an e-mail from my dealer with the following offer towards a new 2016 328i:

- $4,350 credit towards a purchase or lease (Loyalty Credit, Preferred Customer Bonus)
- Waived $350 disposition fee
- Avoid additional mileage penalties
- 4-year/50,000 mile new vehicle limited warranty

Is this a standard offer for most lease holders? Is this even worth exploring?

[drexplode]

Originally Posted by radiosmithy

Got an e-mail from my dealer with the following offer towards a new 2016 328i:

- $4,350 credit towards a purchase or lease (Loyalty Credit, Preferred Customer Bonus)
- Waived $350 disposition fee
- Avoid additional mileage penalties
- 4-year/50,000 mile new vehicle limited warranty

Is this a standard offer for most lease holders? Is this even worth exploring?

Is the loyalty credit on bmw's website or is this deal discretion based on previous relationship?

[mookie45]

Wondering this too. Sounds like a great deal.

[Buzzo]

Originally Posted by mookie45

Wondering this too. Sounds like a great deal.

Except there is no deal to speak of. Credit towards what? Money factor, doc fee? My understanding is that if you renew a lease with BMW they will often waive charges (wear & tear, excess mileage etc).

[mookie45]

Originally Posted by Buzzo

Except there is no deal to speak of. Credit towards what? Money factor, doc fee? My understanding is that if you renew a lease with BMW they will often waive charges (wear & tear, excess mileage etc).

There are details that are still missing from the offer, but I don't think BMW offers credit towards money factor or doc fees.

I'm assuming the $4K+ credit applies toward BMW's higher end models (6/7 series) and there is a lower incentive for the 3 series.

[fatalkarma]

Gotten similar "offers". If it sounds too good to be true... When I called there were lots of restrictions and only available on "certain " models, etc. I did my usual, called 5 dealers for Internet, fleet manager. Best quote was .00132 money factor, 57% residual, at invoice less 1000 loyalty credit and 1500 options rebate. About 30 min on phone/email.

[radiosmithy]

Originally Posted by mookie45

There are details that are still missing from the offer, but I don't think BMW offers credit towards money factor or doc fees.

I'm assuming the $4K+ credit applies toward BMW's higher end models (6/7 series) and there is a lower incentive for the 3 series.

The offer was directed towards a new 2016 328i. (Pretty much copy pasted whatever was on the document) Didn't mention any other models. Pretty sweet if I can take this and not have to worry about another down payment on a new vehicle. Planning on calling the dealer tomorrow for more details. Hopefully I can apply it to the 340i

[Buzzo]

Originally Posted by Buzzo

Except there is no deal to speak of. Credit towards what? Money factor, doc fee? My understanding is that if you renew a lease with BMW they will often waive charges (wear & tear, excess mileage etc).

Sorry I didn't make myself clear. Without knowing the sales price, money factor and doc fee you basically know nothing. Saying there is a credit without saying to what (MSRP, marked up MSRP, negotiated sales price ...?) is nothing more than a marketing ploy to increase customer traffic. Of course, it doesn't hurt to give them a call to find out, but I wouldn't get your hopes up.

[pz619]

Sounds too good to be true, but probably worth the call. If it's not what it seems, you could always pull the chute.

[BMWadvisor_SeymurG]

Originally Posted by mookie45

Wondering this too. Sounds like a great deal.

Mookie, yes the Loyalty is a rebate that the dealer has to disclose to give to the client!!

[BMWadvisor_SeymurG]

Originally Posted by radiosmithy

Got an e-mail from my dealer with the following offer towards a new 2016 328i:

- $4,350 credit towards a purchase or lease (Loyalty Credit, Preferred Customer Bonus)
- Waived $350 disposition fee
- Avoid additional mileage penalties
- 4-year/50,000 mile new vehicle limited warranty

Is this a standard offer for most lease holders? Is this even worth exploring?

Run the deal by me once you get more info from your dealer I'll be able to look further into it.

*Remember the 1500 Lease credit & 1000 Loyalty (If with FS) is a rebate that the dealer must disclose to the client.

Anything more is what the dealer is willing to discount.

[Pauleebe]

- $4,350 credit towards a purchase or lease (Loyalty Credit, Preferred Customer Bonus) I would look more into this. If the selling price isn't already 0-500 above invoice, and this is meant to get the MSPR down, then I wouldn't call this a stellar offer
- Waived $350 disposition fee Standard for most people that jump from one lease to another
- Avoid additional mileage penalties Standard for most people that jump from one lease to another
- 4-year/50,000 mile new vehicle limited warranty Standard for 2016 models, not sure why this is considered special?

Overall, I would get the selling price of the vehicle BEFORE incentives, and look closely at any amounts due at signing/fees. If they're throwing in fake fees then giving you fake incentives, the net benefit is 0.

[radiosmithy]

Originally Posted by dwalls90

- $4,350 credit towards a purchase or lease (Loyalty Credit, Preferred Customer Bonus) I would look more into this. If the selling price isn't already 0-500 above invoice, and this is meant to get the MSPR down, then I wouldn't call this a stellar offer
- Waived $350 disposition fee Standard for most people that jump from one lease to another
- Avoid additional mileage penalties Standard for most people that jump from one lease to another
- 4-year/50,000 mile new vehicle limited warranty Standard for 2016 models, not sure why this is considered special?

Overall, I would get the selling price of the vehicle BEFORE incentives, and look closely at any amounts due at signing/fees. If they're throwing in fake fees then giving you fake incentives, the net benefit is 0.

I totally agree. I forgot to mention, but the exact wording on the initial document for the $4,350 credit towards the price of a new BMW was:

This month only, you qualify for two offers: a $2,500 Loyalty Credit and a $1,850 McKenna BMW Preferred Customer Bonus.
That’s $4,350 in attractive offers – whether you purchase or lease.

I called the portfolio manager today to discuss but couldn't get through. Waiting on a call back. Will update with more details soon.

[mookie45]

Does the Loyalty Credit apply to any dealer?

[Pauleebe]

Originally Posted by mookie45

Does the Loyalty Credit apply to any dealer?

It's applied to the few I've been looking at, so I'd assume so. It's not lockable though, however BMW seems to almost always offer some sort of loyalty credit each month.

[radiosmithy]

Spoke with the dealer and it looks like the loyalty credit just depends on which car model you purchase ($1,500 for 328, $2,500 for 528). A little deceptive to write that it goes towards a 328i and change message when we talk on the phone.

The best part about this is the preferred customer bonus, but at this point not sure if I even want to bother since the guy I talked to was an absolute tool.

[drexplode]

Just signed the contract for my 340 yesterday and included was 2-payment loyalty voucher which is available until Mar 30. If you are signing, looking, make sure to inquire about this with your dealer. Luckily for me, my dealer - Steve Thomas BMW brought it up to me which lowered my payment even further. This is why i love these guys <advertisement!>haha

[hankcah]

Originally Posted by drexplode

Just signed the contract for my 340 yesterday and included was 2-payment loyalty voucher which is available until Mar 30. If you are signing, looking, make sure to inquire about this with your dealer. Luckily for me, my dealer - Steve Thomas BMW brought it up to me which lowered my payment even further. This is why i love these guys <advertisement!>haha

Is the loyalty voucher only for previous lease signers? I have a paid for BMW, does this count? May I ask what your deal details were?

[Pauleebe]

Originally Posted by hankcah

Is the loyalty voucher only for previous lease signers? I have a paid for BMW, does this count? May I ask what your deal details were?

Generally the loyalty deal can be taken in two fashions:

1.) They will make a number of payments, up to a certain amount a month (e.g. $500), up to a certain number of months (e.g. 3 months), on your behalf
2.) They will provide a flat-out cash amount against the selling price of the vehicle (e.g. $1000 or $1,500)

It's for customers who currently own or lease another BMW in their name, and are shopping for another finance/lease purchase. I used it for my E46 when leasing my F30.

The details regarding the loyalty incentive change from month to month, but for March for the 3 series, I believe it's two monthly payments (forget the exact amount) paid for by BMWFS, or you get $1,000 off the selling price.