When I was offered them at Sewell Audi they said it wouldn’t cover the whole 6.25% sales tax, but brought it down to ~1%. They didn’t put any stipulations on down payment, that sounds like a dealer preference not to do with any legal/tax requirement.
Yeah they seem to get them back as part of the dealership, I’m guessing they’re allocated by the Corporate Managers to the dealerships. Whether the state refunds them yearly/quarterly/monthly I don’t know.
Guess it’s time to play the waiting game and hope they want to move in December or BMW somehow sweetens the incentives mid-month or next with Holiday Cash…
Have you locked in your interest rate (incase it increases in Dec)?
I’d check back in the last week of November and see if any of them are more motivated.
^ I haven’t locked anything in, I know the fed may take more rate. Bmw is so much higher already than other manufacturers by 1-1.5% would seem crazy if they move it up again. Residual likely won’t hold 59% on a 36/10 though for the 2018 X5. I will monitor it by months end and see if something works out. Adding a $3500 option credit would be awesome though. Thanks for the help!
the x3 we have been discussing which they wanted 900+ for FYI is currently in the shop getting all four shocks replaced and I quote “but it wasn’t in an accident” then they asked me when I could sign…
Here is what I got in Texas
MSRP - $63,485
Selling Price - $52,485
Residual - 59%
MF - 0.00182
Term - 36 months, 10k miles
Tax incentives of 5.25% so only pay 1% tax
Monthly payment - $624
Drive off - $976
Let me know what you guys think! I think I did pretty good.
Pretty good. I would sign.
^ if that is new and not a demo then I would likely take that deal. You could maybe push for a slightly larger discount as I am not sure what the selling price vs incentives are?
It’s a new car, not a demo. Tried pushing for more discount, but the dealer was already pushing back. Keep an eye out for December, supposed to have tax incentives and big discounts on the 2018 ones.
That’s as good a deal as you’re going to get on new, especially with that discount and sales tax credits combined.
Fellow Texan here, who hates having to pay tax on the full price of the car when leasing. I am in the market for an x3 or x5 and am familiar with how leases work and how to negotiate them, but I know nothing about tax incentives. Not to derail your thread, but can you provide some insight as to who tax incentives work and how you were able to pay only 1% on your X5? Also, mind sharing what dealership you’re working with?
@jmbrown32 yes tax credits can be kind of an anomaly and used selectively to boost sales by dealers in TX. Most dealers including BMW utilize these eliminate sales tax and charge 1% of selling price in order to use them.
I have tried working with Dallas area dealers including one that I have bought and leased cars for 15 years. The major problem is their are not hackr worthy deals as BMW has increased the MF and not provided enough incentive to move the X5. The X3 is slightly better, but still not like it was 3-5 years ago. A demo is your best bet - good deals are out there, but very hard to break 9.5+ on the calculator
Dont know if you bought your X5 already, but we do have an extra 1k OL code going on.
As long as it is a demo with less than 5k miles, you can use the OL code.
Its the BMW drive to end hunger sales event.
PM me if you are interested in getting a code.
Is this only in TX or can the OL code be used in CA?