Signed the deal yesterday at Valencia BMW.
Very nicely equipped 540, sales person was Lance Chavez, very friendly and helpful. The whole negotiation process was done via email and then I came in to check the car and sign all docs.
2018, BMW, 540i with M sport package:
**MSRP: $71480
**Selling Price: $62010 (13%)
**Monthly Payment: $599 (including tax)
**Down Payment: $3500 (total drive offs)
**MSD:Not available
**Incentives: Total available 5K
(2k Loyalty, 1k lease cash, 1k OL code, 1k BMW CCA if you’re a member)
**Months: 36
**Annual Mileage: 10
**MF: .00166
**Residual: 61%
**Region: SOCAL
**Leasehackr Score: 10.8
I decided to do $3500 drive offs to keep the payment under $600 (and because of the post sale 1k rebate), but could have kept it at $2500 with a $630 payment, LH Score stays the same.
I asked them if I can use the one I had (ultimate trip to Japan…) and they accepted it.
Might be a dealer choice if they want to apply it, because they are (in this case at least) paying half of it.
If you have a code, just ask them to check if they can use it and take it from there.
Also, don’t forget to signup with BMW CCA for an additional rebate.
I heard that if you use OL code, you are not eligible for BMWCCA rebate…which sucks. OL code count as “fleet” discount so disqualifies you for the rebate. (That’s what my local dealer told me but not able to confirm yet on any forums)
I know you haven’t gotten the check yet but let us know if you get it.(or rejected)
Are you eligible for all rebates available?
I used 5k in rebates to be able to get this deal and also made the deal at the end of the quarter (which make it more likely that they will try to move inventory). You also need to have tier 1 credit for them to meet the MF.
As mentioned multiple times on this forum, good deals are not just available for the picking, you need to be informed, willing to spend time searching and negotiating, and be flexible on certain features/color.
The only think you should expect from the (good) sales person, is to be transparent and upfront with what they can or can’t do. There are quite a few on this forum that at least do that…