[Game]

Originally Posted by itrocks4u

Ended up doing 2.9% for 72 months with BMW.

Any thoughts on Gap insurance? Should I get that with BMWFS or not needed?

What about dent pro and wheel/tire.

All 3 products are being offered for about $3500

How'd you manage to get such a low rate?

[Fugly M3]

Originally Posted by Game

How'd you manage to get such a low rate?

Must have been locked a while ago.

[geighty]

Originally Posted by F8SEVEN

Must have been locked a while ago.

That is a long lock. Haha.

[Game]

Originally Posted by F8SEVEN

Must have been locked a while ago.

I believe the max you can be locked in for a rate is 90 or 120 days.

[Fugly M3]

Originally Posted by Game

I believe the max you can be locked in for a rate is 90 or 120 days.

Some people ordered a 2022 and locked the rate way earlier in the year and I've heard BMW has been honoring those. Wish I'd have done that!

[Game]

Originally Posted by F8SEVEN

Some people ordered a 2022 and locked the rate way earlier in the year and I've heard BMW has been honoring those. Wish I'd have done that!

I've only heard of BMW holding the MSRP and not the rate but I could be mistaken.

That being said, it doesn't seem like that was in play here.

[Frawshok]

Originally Posted by Game

I've only heard of BMW holding the MSRP and not the rate but I could be mistaken.

That being said, it doesn't seem like that was in play here.

My dealership has honored the BMFS rate I got 4 months ago.

[Game]

Originally Posted by Frawshok

My dealership has honored the BMFS rate I got 4 months ago.

Yeah I believe 120 days is the max.

[meechy6ix0]

Originally Posted by Game

Yeah I believe 120 days is the max.

Your dealer can ask for a waiver to get your initial rate. I had a car delivered 9 months later and the lock was honored.

[purpl3ish]

yeah after speaking with my CA the rates i locked in August are going to be locked for me until whenever delivery is

[DocWeatherington]

Originally Posted by purpl3ish

yeah after speaking with my CA the rates i locked in August are going to be locked for me until whenever delivery is

It's the right thing to do for BmwFS

[itrocks4u]

Yes BMWFS provided that rate. They however did not honor the $750 loyalty credit.

[MarkOK]

Originally Posted by itrocks4u

Ended up doing 2.9% for 72 months with BMW.

Any thoughts on Gap insurance? Should I get that with BMWFS or not needed?

What about dent pro and wheel/tire.

All 3 products are being offered for about $3500

Gap insurance will cover the amount between what your car is worth and what you owe. You will have a bit of a gap for a while, but I find it ridiculous. I believe in insurance that covers large financial losses (health, home, auto), but an insurance product that might cover something like a ~500-$5K financial hit if you total your car during the first couple of years of having it just seems silly to me. But, I am quite comfortable with risk, personally, and if you aren't, then go ahead and get it. That part doesn't usually cost all that much (because it doesn't really cover all that much), but I think many people say it's cheaper to get it from a third party.

I also don't think the wheel and tire coverage makes sense. Look, if they are trying to sell it to you, it's because they make a lot of money on it.

I would keep the $3500 and accept the small risks. And I don't like keeping track of various warranties and insurance products and remembering to try to use them if/when necessary.

[robopp]

Originally Posted by MarkOK

Gap insurance will cover the amount between what your car is worth and what you owe. You will have a bit of a gap for a while, but I find it ridiculous. I believe in insurance that covers large financial losses (health, home, auto), but an insurance product that might cover something like a ~500-$5K financial hit if you total your car during the first couple of years of having it just seems silly to me. But, I am quite comfortable with risk, personally, and if you aren't, then go ahead and get it. That part doesn't usually cost all that much (because it doesn't really cover all that much), but I think many people say it's cheaper to get it from a third party.

I also don't think the wheel and tire coverage makes sense. Look, if they are trying to sell it to you, it's because they make a lot of money on it.

I would keep the $3500 and accept the small risks. And I don't like keeping track of various warranties and insurance products and remembering to try to use them if/when necessary.

I will add a data point to the wheel and tire insurance. I have it on my X3MC and I'm now on my fourth tire in two years. They never patch, only replace the tire. It's more than paid for itself so far and I have no idea why my car keeps picking up nails, but it does and I'm very happy I went with the insurance this time.

[robopp]

Anyone seeing any discounts yet aside from BMW incentives? With rates continuing to go up discounts must be around the corner.

[Fugly M3]

Originally Posted by robopp

Anyone seeing any discounts yet aside from BMW incentives? With rates continuing to go up discounts must be around the corner.

Yea, they've been posted in the banned from G8X forum F8X thread...starting to happen slowly. I think it will get to critical mass and then the flood gates will open.

[Dave07997S]

I believe there will be discount available probably by the summer. That is if the supply chain starts to loosen up. Unfortunately this recession is going to be a bad one. We will need it, as the economy is going to need demand destruction so we can reset. I am experiencing this in the real estate market. We are already having demand destruction, due to the massively rising interest rates. This will start to spill over to other parts of the economy. As peoples equity in their properties start to recede (which has already started) people will feel less rich and start holding back on their purchases.

Its beginning to have the feeling of 2008/09 again.

[robopp]

Originally Posted by Dave07997S

I believe there will be discount available probably by the summer. That is if the supply chain starts to loosen up. Unfortunately this recession is going to be a bad one. We will need it, as the economy is going to need demand destruction so we can reset. I am experiencing this in the real estate market. We are already having demand destruction, due to the massively rising interest rates. This will start to spill over to other parts of the economy. As peoples equity in their properties start to recede (which has already started) people will feel less rich and start holding back on their purchases.

Its beginning to have the feeling of 2008/09 again.

I agree.

However, I think it will be sooner rather than later. BMW leases are nonexistent due to MF and zero lease support. Monthly payments on purchases are going through the roof as rates continue to go up. Powell said rates are going to have to go higher than he initially though and we're already at 3.75-4.

I appreciate your insight, btw. Cheers!

[DocWeatherington]

Originally Posted by itrocks4u

Yes BMWFS provided that rate. They however did not honor the $750 loyalty credit.

Do you currently own or have owned within the last year a bmw?

[DVG 335]

Originally Posted by F8SEVEN

Yea, they've been posted in the banned from G8X forum F8X thread...starting to happen slowly. I think it will get to critical mass and then the flood gates will open.

I couldn't find the thread you were referring to in the F8X forum, unless I misinterpreted the location.

[vj123]

Originally Posted by DVG 335

I couldn't find the thread you were referring to in the F8X forum, unless I misinterpreted the location.

Its 950 pages long and the longest i have seen in any forum.

https://f80.bimmerpost.com/forums/sh....php?t=1761187

[DVG 335]

Originally Posted by vj123

Its 950 pages long and the longest i have seen in any forum.

https://f80.bimmerpost.com/forums/sh....php?t=1761187

Thank you sir!