[dantm3]

I am picking up my car this weekend and sales guy called and said with the discount code I sent him in December when program was active that I will now get 1500 rebate.. I did not ask too many questions as “you never look a gift horse in the mouth”. Any idea if there is still a program? Some of you may want to ask. Here is proof..

[raywai2]

I might try my expired code with my CA. Are you getting $1500 with 3rd party financing?

[dantm3]

Originally Posted by raywai2

I might try my expired code with my CA. Are you getting $1500 with 3rd party financing?

Yes through my credit union…

[Spykexx]

Your December code would have been 2500. It was recently dropped to 1500. It's still a thing.

[dantm3]

Originally Posted by Spykexx

Your December code would have been 2500. It was recently dropped to 1500. It's still a thing.

I have read most of the threads on here and thought it was gone.. did they bring the discount back?

[Spykexx]

Originally Posted by dantm3

I have read most of the threads on here and thought it was gone.. did they bring the discount back?

It just changed from penfed to USAA. Sign up the exact same way.

[razman]

Originally Posted by Spykexx

It just changed from penfed to USAA. Sign up the exact same way.

But penfed is different from USAA. They may both have military associations but nonetheless are different. How can they just apply the code from one to the other? When they ask for proof of the voucher or whatever won't it just get bounced?

[MIM5]

Originally Posted by Spykexx

It just changed from penfed to USAA. Sign up the exact same way.

With USAA though don't you have to be military to become a member?

[razman]

Originally Posted by dantm3

I am picking up my car this weekend and sales guy called and said with the discount code I sent him in December when program was active that I will now get 1500 rebate.. I did not ask too many questions as “you never look a gift horse in the mouth”. Any idea if there is still a program? Some of you may want to ask. Here is proof..

I had no idea you could buy an $85k by putting $8k down. Why on earth would anyone lease these cars at $1300/mn + several thousand down?! You're way better off buying the car and selling it in 36 months than leasing it for that same term.

[Spykexx]

Originally Posted by razman

But penfed is different from USAA. They may both have military associations but nonetheless are different. How can they just apply the code from one to the other? When they ask for proof of the voucher or whatever won't it just get bounced?

They probably aren't supposed to, but did it to "honor" the original. And yes they are different. As I said it changed. But the sign up is exactly the same through BMWs site.

[MavRick]

Originally Posted by razman

I had no idea you could buy an $85k by putting $8k down. Why on earth would anyone lease these cars at $1300/mn + several thousand down?! You're way better off buying the car and selling it in 36 months than leasing it for that same term.

NO ONE should be putting money down on a lease. ever...

[dantm3]

Originally Posted by razman

I had no idea you could buy an $85k by putting $8k down. Why on earth would anyone lease these cars at $1300/mn + several thousand down?! You're way better off buying the car and selling it in 36 months than leasing it for that same term.

So I decided to buy.. with same money down my lease payment was 1056.00 a month, and buying with same down it was 997.00 a month. Crazy thing was after 36 months on 84 month financing I would owe 44k or so and with residual on lease it was 46k or so…. The reason was the lease had the acquisition fee, plus the interest rate was higher.. makes no sense to lease at this time as rates suck and my dealer tried to jack up money factor to highest possible. So I pay 50 bucks a month less and actually owe less after 36 months with financing even on 84 month financing. Plus I have full flexibility to sell to anyone vs a lease where you can’t sell to private party.. no brainer If you ask me

[travisgsf]

Is it any outside financing gets you this deal or is there a specific Pen Fed member rebate?

[razman]

Originally Posted by dantm3

So I decided to buy.. with same money down my lease payment was 1056.00 a month, and buying with same down it was 997.00 a month. Crazy thing was after 36 months on 84 month financing I would owe 44k or so and with residual on lease it was 46k or so…. The reason was the lease had the acquisition fee, plus the interest rate was higher.. makes no sense to lease at this time as rates suck and my dealer tried to jack up money factor to highest possible. So I pay 50 bucks a month less and actually owe less after 36 months with financing even on 84 month financing. Plus I have full flexibility to sell to anyone vs a lease where you can’t sell to private party.. no brained If you ask me

No brainer indeed. Some cars lease well, others like the m3 don't.

[SpeedyATL]

Originally Posted by razman

No brainer indeed. Some cars lease well, others like the m3 don't.

I'd venture to say that nothing worth driving leases well in this ridiculous car market.

[02M3ForMe]

Does this work if you pay cash?

[RockinPA]

Curious as well. I am a PenFed and USAA member. I will have to call both tomorrow and see what I am eligible for if anything. I will be using bmw financial for my car in a couple weeks.

[jwt2440]

Originally Posted by razman

I had no idea you could buy an $85k by putting $8k down. Why on earth would anyone lease these cars at $1300/mn + several thousand down?! You're way better off buying the car and selling it in 36 months than leasing it for that same term.

Tax write off for business owners with a lease

[razman]

Originally Posted by jwt2440

Tax write off for business owners with a lease

True, but my understanding is you can write off purchases as well.

[jwt2440]

Originally Posted by razman

True, but my understanding is you can write off purchases as well.

You can but it takes a lot longer. On a lease it is dollar for dollar.