02-18-2013, 08:42 PM | #1 |
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Q on $1k rebate - applied against purchase price or drive off cash?
Quick question on the current $1,000 rebate offered by BMWFS - is the $1,000 used to reduce the purchase price of the car, or is it used as a credit/rebate against the money due at signing (first month's payment + Acquisition Fee + doc fee)?
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02-18-2013, 09:10 PM | #3 |
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02-18-2013, 09:12 PM | #4 |
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Incentives are usually applied as a rebate against money due at signing.
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02-18-2013, 09:13 PM | #5 |
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You can always make a quick call to the dealer and ask.
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02-18-2013, 11:29 PM | #7 | |
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This is why I'm focused on this and want to make sure the dealer applies the $1,000 rebate in the proper place. |
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02-19-2013, 12:55 AM | #8 |
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What I'm wondering is whether there's a clause in the BMWFS finance agreement that states how long the contract must be valid for the $1000 to apply. 3.9% for tier-1 isn't exactly fantastic. Could one re-fi immediately at a lower rate with a different bank while still reaping the benefits of the cash incentive?
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02-19-2013, 01:41 AM | #9 | |
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02-19-2013, 01:47 AM | #10 |
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02-19-2013, 09:24 AM | #11 |
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02-19-2013, 12:15 PM | #12 |
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I believe it's up to you, put as cap cost reduction or due at signing. But I suppose it could vary from one promotion to another. What rebate are you being offered?
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02-19-2013, 06:06 PM | #13 |
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02-19-2013, 09:15 PM | #15 | |
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02-27-2013, 05:36 PM | #16 | |
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02-27-2013, 09:27 PM | #17 | |
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03-01-2013, 05:53 AM | #18 | |
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Simple scenario: $50k selling price and $25k residual- your monthly depreciation is the difference ($25k) divided by 36 months. Now use your $1k credit as cap cost reduction. Residual stays $25k. So you now have to pay $24k depreciation over 36 months. You got the full benefit of the $1k.
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