Is PenFed's $2500 rebate provided by the dealership?

Dott1999 · 12-30-2021, 11:00 AM

Quote:

Originally Posted by sleepy floyd

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.

Did you already bought the car? The $2500 coupon I got says it expires 1/2/2022? If you just ordered wouldn't it expire by then?

Enkur · 12-30-2021, 12:08 PM

Talked to few dealers and they all said that PenFed will most likely renew it since this is one of the military perks

razman · 12-31-2021, 12:22 AM

Quote:

Originally Posted by Enkur

Talked to few dealers and they all said that PenFed will most likely renew it since this is one of the military perks

How has this not renewed yet? They don't have the exp. 2023 version yet?

s58 · 01-04-2022, 08:16 AM

Looks like the coupon expired and has not yet been renewed on PenFed's site.

gohawks23 · 01-04-2022, 09:47 AM

Quote:

Originally Posted by allbrightwes

Looks like the coupon expired and has not yet been renewed on PenFed's site.

Haha and I just applied over weekend just in case I ever got allocation...program rollout may be just delayed a bit tho...

s58 · 01-04-2022, 01:05 PM

I see Navy Federal's similar car buying service now has $1500 off, which is new (didn't see it there late last year). Wonder if this will be the new standard.

aa3099 · 01-04-2022, 02:24 PM

I really hope this gets renewed. Does anyone know when it was renewed last year? Like how soon after it expired was it back up on the website with the new effective dates?

sleepy floyd · 01-04-2022, 04:10 PM

I have a car on order right now, but saw a similar spec from another dealer that was going to be delivered shortly. I asked the sales rep if he would match MSRP plus the PenFed discount, said he would check with his Sales Manager (this was yesterday). Sales Rep got back to me today saying they received a bulletin from BMW stating that the PenFed discount program is discontinued.

How true I don't know...but passing along. Checked with my local dealership today on the status of my order --- he said nothing about it.

firstbimmerblack · 01-04-2022, 04:22 PM

Quote:

Originally Posted by sleepy floyd

I have a car on order right now, but saw a similar spec from another dealer that was going to be delivered shortly. I asked the sales rep if he would match MSRP plus the PenFed discount, said he would check with his Sales Manager (this was yesterday). Sales Rep got back to me today saying they received a bulletin from BMW stating that the PenFed discount program is discontinued.

How true I don't know...but passing along. Checked with my local dealership today on the status of my order --- he said nothing about it.

Confirming that I heard the same that the program has been discontinued for 2022. I called TrueCar and they said Penfed cancelled this program for 2022 for BMWs. Bummer.

MKParris · 01-06-2022, 12:32 PM

Quote:

Originally Posted by firstbimmerblack

Confirming that I heard the same that the program has been discontinued for 2022. I called TrueCar and they said Penfed cancelled this program for 2022 for BMWs. Bummer.

Inflation

snareman · 01-06-2022, 08:45 PM

The broker I'm using said that Penfed for BMW is dead for 2022.

sleepy floyd · 01-22-2022, 08:22 AM

Quote:

Originally Posted by MKParris

Inflation

Truthfully, I understand. Why offer a $2,500 discount (which actually came from BMW through PenFed), when they can't build enough to fill demand. Sucks for me because it was part of the way I convinced my wife to buy the car. I told her my dealer would honor the discount, do I need to tell her it was cancelled?

SpeedyATL · 01-22-2022, 09:37 AM

Quote:

Originally Posted by sleepy floyd

Truthfully, I understand. Why offer a $2,500 discount (which actually came from BMW through PenFed), when they can't build enough to fill demand. Sucks for me because it was part of the way I convinced my wife to buy the car. I told her my dealer would honor the discount, do I need to tell her it was cancelled?

Yo Sleepy. Don't give up hope. One of our fellow members posted that his dealer honored the Penfed rebate after 1/4/22. I think actually he said it was BMW that honored it, so I say be prepared to fight for it, as best you can in a seller's market anyway...

sleepy floyd · 01-22-2022, 10:04 AM

Quote:

Originally Posted by SpeedyATL

Yo Sleepy. Don't give up hope. One of our fellow members posted that his dealer honored the Penfed rebate after 1/4/22. I think actually he said it was BMW that honored it, so I say be prepared to fight for it, as best you can in a seller's market anyway...

Yeah, apparently PenFed gives you some sort of certificate you could request after 6 months of ownership. I was only about 3 months in when I ordered my car. Dealer said I only needed to have it when the car was delivered. I guess I've got 10 weeks to hope they reinstate it...who knows, crazier things have happened.

Spykexx · 01-22-2022, 11:22 AM

BMW has another military deal at the moment, but only for 1500.

BMWRacer523 · 01-22-2022, 04:24 PM

Quote:

Originally Posted by Spykexx

BMW has another military deal at the moment, but only for 1500.

It's the same Military Appreciation Rebate. It's paid for by BMW but PenFed members had access to it via a certificate. Looks like it was reduced to $1500 and now available to Navy Federal members. If you had a valid PenFed certificate some dealers may still apply it but you will likely only get the $1500.

snareman · 01-22-2022, 04:28 PM

And I think is the same as the USAA discount.

BMWRacer523 · 01-22-2022, 04:32 PM

Quote:

Originally Posted by snareman

And I think is the same as the USAA discount.

I believe they are all the same discount administered via Truecar and provided by different CUs.

2022M4COMP · 01-22-2022, 07:02 PM

Can anyone use penfed and get a discount or only military?

Spykexx · 01-22-2022, 07:56 PM

Quote:

Originally Posted by 2022M4COMP

Can anyone use penfed and get a discount or only military?

Penfed no longer has discount. Stopped on the 3rd. Now it's apparently navy federal?

Kief · 01-23-2022, 07:19 AM

USAA is $2k for M4

modat · 01-23-2022, 07:58 AM

Quote:

Originally Posted by Kief

USAA is $2k for M4

How do you get the USAA discount? I am not military but I ended up getting a USAA account a few years ago when they opened it up to everyone.

Do I just show my dealer my USAA number?

12-30-2021, 12:08 PM	#24
Enkur Lieutenant 285 Rep 538 Posts Drives: 2022 M3 Comp xDrive Join Date: Jan 2007 Location: Cedar Park, TX iTrader: (0) Garage List 2011 BMW 328i [0.00]	Talked to few dealers and they all said that PenFed will most likely renew it since this is one of the military perks __________________ 2022 Tanzanite Blue ///M3Cx \|\|\| 2015 550i \|\|\| 2011 328i sedan \|\|\| 2009 Z4 \|\|\| 2007 328i Coupe
	Appreciate 1 JWBimmer135.00 Quote

01-04-2022, 08:16 AM	#26
s58 DROP TABLE EVs; 544 Rep 297 Posts Drives: 2023 m3 6MT, 2015 Lexus GX460 Join Date: Feb 2016 Location: MD iTrader: (0)	Looks like the coupon expired and has not yet been renewed on PenFed's site. __________________ @g80mt on Instagram - 2023 BMW M3 6MT in Individual San Marino Blue / Tartufo Past BMWs: 2013 BMW 128i 6MT M-Sport Slicktop, 2016 BMW 340i 6MT M-Sport Join BMWCCA today and become eligible for members only events, discounts, and the new car rebate of up to $1000! Feel free to use me as a referral (with member #553730) which enters me for a performance school day (I should probably be better at driving, anyway).
	Appreciate 0 Quote

01-04-2022, 01:05 PM	#28
s58 DROP TABLE EVs; 544 Rep 297 Posts Drives: 2023 m3 6MT, 2015 Lexus GX460 Join Date: Feb 2016 Location: MD iTrader: (0)	I see Navy Federal's similar car buying service now has $1500 off, which is new (didn't see it there late last year). Wonder if this will be the new standard. Attached Images __________________ @g80mt on Instagram - 2023 BMW M3 6MT in Individual San Marino Blue / Tartufo Past BMWs: 2013 BMW 128i 6MT M-Sport Slicktop, 2016 BMW 340i 6MT M-Sport Join BMWCCA today and become eligible for members only events, discounts, and the new car rebate of up to $1000! Feel free to use me as a referral (with member #553730) which enters me for a performance school day (I should probably be better at driving, anyway).
	Appreciate 0 Quote

01-04-2022, 02:24 PM	#29
aa3099 Enlisted Member 23 Rep 34 Posts Drives: BMW 335i Join Date: Dec 2021 Location: Triangle iTrader: (0)	I really hope this gets renewed. Does anyone know when it was renewed last year? Like how soon after it expired was it back up on the website with the new effective dates?
	Appreciate 0 Quote

01-04-2022, 04:10 PM	#30
sleepy floyd Private First Class 197 Rep 172 Posts Drives: 1974 Ford Bronco, 2022 M4 Join Date: Jun 2021 Location: Walnut Creek, CA iTrader: (0)	I have a car on order right now, but saw a similar spec from another dealer that was going to be delivered shortly. I asked the sales rep if he would match MSRP plus the PenFed discount, said he would check with his Sales Manager (this was yesterday). Sales Rep got back to me today saying they received a bulletin from BMW stating that the PenFed discount program is discontinued. How true I don't know...but passing along. Checked with my local dealership today on the status of my order --- he said nothing about it.
	Appreciate 0 Quote

01-06-2022, 08:45 PM	#33
snareman Leave the gun. Take the Canoli. 9052 Rep 7,621 Posts Drives: ///M8 & X3 ///M40 Join Date: Dec 2006 Location: Ohio iTrader: (0)	The broker I'm using said that Penfed for BMW is dead for 2022. __________________ Current: 2023 Santorini Blue ///M8 \|\|\| 2023 X3 M40 Retired: 2021 Enzian Blue ///M4 \|\|\| 2018 ///M4 \|\|\| 2017 ///M4 \|\|\| 2014 435i \|\|\| 2009 335i Coupe \|\|\| 2007 335i Coupe
	Appreciate 0 Quote

01-22-2022, 11:22 AM	#37
Spykexx First Lieutenant 313 Rep 373 Posts Drives: 2022 BMW M3 Join Date: Nov 2021 Location: IA iTrader: (0)	BMW has another military deal at the moment, but only for 1500.
	Appreciate 0 Quote

01-22-2022, 04:28 PM	#39
snareman Leave the gun. Take the Canoli. 9052 Rep 7,621 Posts Drives: ///M8 & X3 ///M40 Join Date: Dec 2006 Location: Ohio iTrader: (0)	And I think is the same as the USAA discount. __________________ Current: 2023 Santorini Blue ///M8 \|\|\| 2023 X3 M40 Retired: 2021 Enzian Blue ///M4 \|\|\| 2018 ///M4 \|\|\| 2017 ///M4 \|\|\| 2014 435i \|\|\| 2009 335i Coupe \|\|\| 2007 335i Coupe
	Appreciate 1 BMWRacer5232519.00 Quote

01-22-2022, 07:02 PM	#41
2022M4COMP First Lieutenant 233 Rep 317 Posts Drives: M4 COMP Join Date: Dec 2021 Location: russia iTrader: (0)	Can anyone use penfed and get a discount or only military?
	Appreciate 0 Quote

01-23-2022, 07:19 AM	#43
Kief Major General 4437 Rep 5,730 Posts Drives: '24 iX50; '23 i4 M50 Join Date: Dec 2009 Location: Vereinigte Staaten von Amerika iTrader: (26)	USAA is $2k for M4 __________________ __________________ '24-I20 iX 50; '23-G26 i4 M50; '22-G82 M4Cx;20-G05 M50i; '20-F82 M4CS; '18-F80 M3CS; '18-F80 M3CS; '18-F85 X5M; '18-G01 X3M40i; '18-F80 M3ZCP; '17-F80 M3ZCP; '15-F15 X5; '15-F82 M4; '12-E92 335is; '11-E70 X5d; '11-E89 Z435is;'09-E89 Z435i; '08-E92 335i; '06-E90 330i; '05-E83 X3; '04-E83 X3; '03-E46 325Ci* *retired
	Appreciate 0 Quote