I need some advice from the community. Thanks to this forum I am about to close a deal on 2021 BMW M340i for almost $300/mo less than what my local dealer would give. However, I’ve hit a snag. My dealer has been having trouble applying the PenFed discount with BMWFS. Allegedly BMWFS changed how they recognize this discount and now a code is needed when it use to be unnecessary.
Has anyone out there gotten the PenFed discount in the last 3 or so weeks? If so what did you need to do to get it? I really want to sign my deal so I can drive off into the sunset.
In my experience, it has always required a code. You need to download the incentive form from the PenFed website, it will have your account information and the appropriate code for BMW to use. I have always had to provide this document to get the discount.
Just used one in the last week. It was tricky for the dealer even with the printed out code. They said they needed confirmation of a sale before they could get the funds to the dealer to then apply back to the actual sale to hit the quoted numbers. It did work out in the end, just sharing what they said was holding it up.
Regarding PenFed Bonus Cash- do you have to go with the PenFed Car Buying Offer Price that you’re given to take advantage of the Bonus Cash?
OR, should most any BMW dealership you’re negoitating with be able to use the PenFed Bonus Cash simply if you have the code?
Does the $500 penfed bonus cash have to be used with the Penfed car buying online price OR can you use the bonus cash at most any BMW dealer that you’re negotiating a deal with?
I just did for a custom order m3, but I purchased instead of leased to get the $2500 instead of $500 (among other reasons). It was a simple process for me, as described above. Dealer had no problem applying it.
PenFed also has 1% rate discount if you purchase and finance loan with FenFed and use PenFed car purchase through Truecar, wondering any one has experience on that process. Thanks.
