I am not familiar with owners choice financing. Is this a lease or a buy that you posted?
Awesome deal. Well done.
was this at BMW of San Antonio?
How did you get OL code? I haven’t gotten one in a while.
OC is hybrid of lease and finance. BMWFS only offers it in TX, IL and GA.
Positive
- titled on your name with lien on it.
- It allows to you capture EV credit,
- if choose buy at the end of lease (or at balloon pmt), you don’t have to pay sales tax again
- no acquisition fee
Negatives
- higher MF / APR
- cant transfer your lease
- cant use sales tax credit
- some dealer shy away from it
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Interesting - Thanks!
No, it wasn’t.
They have 20+ loaners but they won’t go beyond $8500 dealer discount.
You can try and may have better luck than me. But be ready for Hyundai dealer shenanigans … they reminded me of on Don Ready.
I got the OL couple of month ago from test drive when BMW was running “drive of end hunger” promo. It was simply a web form link to generate OL code. I think @Electric even outed the link in OL thread.
Congrats on your new car! GAP insurance should be included with BMWFS lease. You might want to double check with your dealer.
Was the full sales tax paid included in your $505 monthly payment? Very nice deal
This isn’t a lease, so GAP isn’t included in OP’s deal.
Congrats on getting this deal.
Looks like you bought the Black 530e over at BMW of Temple.
Is it possible that this “Loyalty” is actually conquest?
Conquest is $1k on 5 series
Loyalty is $2k on 5 series.
At the end of negotiations, I proposed $15.5k off of msrp, regardless of however they can get there, then settled at $15k. Initially we were going back n forth itemized.
I think (could be wrong) loyalty is validated by insurance and vin. If it was conquest, then they must have bumped dealer contributions.
Yes, tax was collected on whole cap cost. OC doesn’t allow tax credit.
@ccuser011 do you mind sharing your final quote? I just want to compare what kind of fees dealers usually add on. Mine had tint, carrying charges, $110 dealer doc fees…
For 24mo lease you are getting $1666.7 instead of the $2,500 for TX EV rebate (2/3).
Otherwise terrific deal! This is what I was trying to do but no dealers would budge on a reasonable deal so I ended up with an 540i.
sounds like bunch of garbage add-on. I would fight em off. Attached is my final number. It says my lease score is ~24 years lol.
Incorrect statement. Its OC. I attached a coversheet with app to remind the clerk that I am claiming full rebate. This is what I got(too lazy to cash it)
See page number 2
I think what happened is that again, OC tricked the system and was regarded as a purchase not a 2-year lease, or the TCEQ clerks simply didn’t read thru your purchase contract, either way it worked out in your favor. Still, for any “true” 2-yr lease it would only be eligible for $1,665
I wouldn’t say I tricked it. Its legal contract that clearly states lease vs finance. OC is finance agreement with title on borrower’s name.
I suspected that I would get full rebate, and was able capture it.
I agree you would not get it in full on true 2year lease.
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