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      12-09-2021, 05:43 PM   #1
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Is PenFed's $2500 rebate provided by the dealership?

Is this something that's up to the dealership to honor? I was speaking with a broker and he said none of his dealerships will honor this rebate.
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      12-09-2021, 07:02 PM   #2
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Quote:
Originally Posted by backslashv View Post
Is this something that's up to the dealership to honor? I was speaking with a broker and he said none of his dealerships will honor this rebate.
It's not provided by the dealership. You have to be a penfed member for at least 60 days before you can get the coupon/voucher from them. Take it to any BMW dealership and they should honor it. When I purchased my M3 no questions were asked when I presented them the print out. One thing to keep in mind, if you want to use that rebate you can't finance with BMW.
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      12-09-2021, 08:00 PM   #3
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Quote:
Originally Posted by iviegatron View Post
Quote:
Originally Posted by backslashv View Post
Is this something that's up to the dealership to honor? I was speaking with a broker and he said none of his dealerships will honor this rebate.
It's not provided by the dealership. You have to be a penfed member for at least 60 days before you can get the coupon/voucher from them. Take it to any BMW dealership and they should honor it. When I purchased my M3 no questions were asked when I presented them the print out. One thing to keep in mind, if you want to use that rebate you can't finance with BMW.
if you use BMW, you get 500 based in what my voucher states.
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      12-09-2021, 08:10 PM   #4
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You can use it if you finance with BMWFS, you just get $500 instead of $2500. That's what I did. It's actually the Military Appreciation Discount that PenFed members get access to via the Car Buying Service (re-branded TrueCar). The dealer does not care, they will deduct it off the purchase price.
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      12-14-2021, 01:27 AM   #5
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Quote:
Originally Posted by iviegatron View Post
It's not provided by the dealership. You have to be a penfed member for at least 60 days before you can get the coupon/voucher from them. Take it to any BMW dealership and they should honor it. When I purchased my M3 no questions were asked when I presented them the print out. One thing to keep in mind, if you want to use that rebate you can't finance with BMW.
Thanks. Honoring the promo beyond the date specified in it is at dealers' discretion though, right? PenFed says I must take delivery in Jan which is impossible if ordered now, but I've read here that dealers agreed to still honor it beyond the expiration date.
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      12-14-2021, 03:01 AM   #6
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the current code says must take delivery , there most likely will be a new promotion after that, 2500 if you use your own financing or cash , BMW finance and you get 500
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      12-14-2021, 04:22 PM   #7
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What is the rate with penfed?
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      12-14-2021, 04:23 PM   #8
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Quote:
Originally Posted by iviegatron View Post
It's not provided by the dealership. You have to be a penfed member for at least 60 days before you can get the coupon/voucher from them. Take it to any BMW dealership and they should honor it. When I purchased my M3 no questions were asked when I presented them the print out. One thing to keep in mind, if you want to use that rebate you can't finance with BMW.
I didn't know that part. Thanks.
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      12-14-2021, 05:51 PM   #9
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What is the rate with penfed?
1.49%, same as DCU.
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      12-15-2021, 10:59 AM   #10
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Quote:
Originally Posted by BMWRacer523 View Post
You can use it if you finance with BMWFS, you just get $500 instead of $2500. That's what I did. It's actually the Military Appreciation Discount that PenFed members get access to via the Car Buying Service (re-branded TrueCar). The dealer does not care, they will deduct it off the purchase price.
So who pays dealership the money? Is it BMW as a credit, truecar, or Penfed (which I doubt)? Or does the dealer just take a $2500 hit which in this market I doubt they would... any info on this?
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      12-15-2021, 11:00 AM   #11
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Quote:
Originally Posted by dantm3 View Post
So who pays dealership the money? Is it BMW as a credit, truecar, or Penfed (which I doubt)? Or does the dealer just take a $2500 hit which in this market I doubt they would... any info on this?
BMW NA pays for it.
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      12-29-2021, 12:09 PM   #12
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Quote:
Originally Posted by canigetaxm View Post
the current code says must take delivery , there most likely will be a new promotion after that, 2500 if you use your own financing or cash , BMW finance and you get 500
So, you do not have to finance with PenFed to get the 2500 off? You can just pay cash?
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      12-29-2021, 12:51 PM   #13
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Quote:
Originally Posted by gohawks23 View Post
Quote:
Originally Posted by canigetaxm View Post
the current code says must take delivery , there most likely will be a new promotion after that, 2500 if you use your own financing or cash , BMW finance and you get 500
So, you do not have to finance with PenFed to get the 2500 off? You can just pay cash?
Correct
This is what I'm doing when mine arrives

Used Penfed money for my wife's Audi this past summer and paid cash
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      12-29-2021, 01:25 PM   #14
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Quote:
Originally Posted by gohawks23 View Post
So, you do not have to finance with PenFed to get the 2500 off? You can just pay cash?
cash or other than BMW financial to receive 2500 if you use BMW you can get 500

2022 BMW PenFed Incentives
Incentives for eligible 2022 models
-$500 Incentive for Lease and Retail Loan financed through BMW Financial Services. Exception: BMW FS Lease not available for i3.
-Incentives are combinable with eligible new car sales programs* Exception i3 Cash/FS Retail Loan not combinable.
*i3 PenFed Cash and BMW FS Retail Loan $11,000. Not combinable with monthly sales programs. Not eligible for BMW FS lease.

Special BMW Incentive offer is valid at any authorized BMW Center in the United States. Cash incentives are not applicable for vehicles leased/financed through BMW Financial Services. Member must take retail delivery January 4, 2021 - January 3, 2022. Incentive offer is subject to change without prior notice. This incentive offer is available to PenFed members. BMW requires presentation of a photo ID your BMW Manufacturer Certificate with a unique Customer ID and Offer Code. Visit the PenFed Car Buying Service to receive BMW Certificate. One incentive per member, per offer code, per calendar year for new BMW vehicles. Eligible member must be the purchaser. See your authorized BMW Center for complete program details.
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      12-29-2021, 02:56 PM   #15
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Quote:
Originally Posted by canigetaxm View Post
cash or other than BMW financial to receive 2500 if you use BMW you can get 500

2022 BMW PenFed Incentives
Incentives for eligible 2022 models
-$500 Incentive for Lease and Retail Loan financed through BMW Financial Services. Exception: BMW FS Lease not available for i3.
-Incentives are combinable with eligible new car sales programs* Exception i3 Cash/FS Retail Loan not combinable.
*i3 PenFed Cash and BMW FS Retail Loan $11,000. Not combinable with monthly sales programs. Not eligible for BMW FS lease.

Special BMW Incentive offer is valid at any authorized BMW Center in the United States. Cash incentives are not applicable for vehicles leased/financed through BMW Financial Services. Member must take retail delivery January 4, 2021 - January 3, 2022. Incentive offer is subject to change without prior notice. This incentive offer is available to PenFed members. BMW requires presentation of a photo ID your BMW Manufacturer Certificate with a unique Customer ID and Offer Code. Visit the PenFed Car Buying Service to receive BMW Certificate. One incentive per member, per offer code, per calendar year for new BMW vehicles. Eligible member must be the purchaser. See your authorized BMW Center for complete program details.
Thx guys, I applied now just in case I can get allocation. Will have to see what 2022 PenFed program is tho...
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      12-29-2021, 03:12 PM   #16
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Quote:
Originally Posted by gohawks23 View Post
Quote:
Originally Posted by canigetaxm View Post
cash or other than BMW financial to receive 2500 if you use BMW you can get 500

2022 BMW PenFed Incentives
Incentives for eligible 2022 models
-$500 Incentive for Lease and Retail Loan financed through BMW Financial Services. Exception: BMW FS Lease not available for i3.
-Incentives are combinable with eligible new car sales programs* Exception i3 Cash/FS Retail Loan not combinable.
*i3 PenFed Cash and BMW FS Retail Loan $11,000. Not combinable with monthly sales programs. Not eligible for BMW FS lease.

Special BMW Incentive offer is valid at any authorized BMW Center in the United States. Cash incentives are not applicable for vehicles leased/financed through BMW Financial Services. Member must take retail delivery January 4, 2021 - January 3, 2022. Incentive offer is subject to change without prior notice. This incentive offer is available to PenFed members. BMW requires presentation of a photo ID your BMW Manufacturer Certificate with a unique Customer ID and Offer Code. Visit the PenFed Car Buying Service to receive BMW Certificate. One incentive per member, per offer code, per calendar year for new BMW vehicles. Eligible member must be the purchaser. See your authorized BMW Center for complete program details.
Thx guys, I applied now just in case I can get allocation. Will have to see what 2022 PenFed program is tho...
It will carry over. You just need to be a member for 60 days however
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      12-29-2021, 03:31 PM   #17
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Quote:
Originally Posted by Kief View Post
It will carry over. You just need to be a member for 6mos however
Isn't the requirement 60 days or have they updated it recently.
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      12-29-2021, 03:34 PM   #18
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Quote:
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Quote:
Originally Posted by Kief View Post
It will carry over. You just need to be a member for 6mos however
Isn't the requirement 60 days or have they updated it recently.
Fixed…was confusing CCA
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      12-29-2021, 04:06 PM   #19
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Quote:
Originally Posted by Kief View Post
It will carry over. You just need to be a member for 60 days however
Yeah, that is why applied now...I'm nowhere near even getting an allocation so waiting 60 days is meaningless to me...haha!
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      12-29-2021, 08:40 PM   #20
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Quote:
Originally Posted by gohawks23 View Post
Yeah, that is why applied now...I'm nowhere near even getting an allocation so waiting 60 days is meaningless to me...haha!
They have some of the best rates available too cant beat 1.99 for 60 months with 2500 rebate , you can also piggy back BMW loyalty on to that one
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      12-30-2021, 03:08 AM   #21
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Quote:
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Quote:
Originally Posted by gohawks23 View Post
Yeah, that is why applied now...I'm nowhere near even getting an allocation so waiting 60 days is meaningless to me...haha!
They have some of the best rates available too cant beat 1.99 for 60 months with 2500 rebate , you can also piggy back BMW loyalty on to that one
I don't think you can combine loyalty with cash/separate financing deal.
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      12-30-2021, 07:56 AM   #22
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I had 2 dealers willing to sell to me at MSRP, but when I mentioned PenFed, I never heard back from them. 3rd dealer told me they'll sell at MSRP and honor the PenFed discount. Even sent me a spec sheet showing $2,500 discount...so they got my deposit. All of my communication was done via e-mail, so that may have been part of the reason for the challenges with the first two dealers.

With used cars going for over MSRP, I'd rather wait for my specific spec.
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