ECO Credit Extended?

[Armand]

Originally Posted by spacey

cpiguy,

Spoke w/my sales rep again, got the VIN# for the car - sweeet. But also bounced some ideas off him about your predicament.

1st what appears to be happening lately is that a lot of dealers have been pushing back on their orders. Meaning that apparently everyone got as many allocations as possible in the beginning but now that they haven't sold enough cars to fill them they are delaying the production for unsold slots. This in turn results in shorter waiting times for production for the people who actualy want their cars. This would mean that your production date could possibly be closer than originally planned, thus speeding up delivery, thus resolving the problem w/eco credit.

2nd, he has confirmed yet again that the terms of an order (i.e. eco credit) is good for at least the lock in period (of 60 days) from the date of order/run through BMW FS (even if you pay cash). So that means that as long as you order the car by 1/3 or so you are locked in w/eco credit unless for some reason your car doesn't get delivered for a period of much longer than 60 days. That would put the delivery to be past the end of February for any shadyness to even be possible.

3rd... even if there is problem w/the eco credit due to the 60 day lock-in expiration, which as I said just sounds very fishy because they normally extend them to accomodate customers... how about this brainy idea - have them re-order the car now or in December... so you effectively re-set the 60 day lock-in clock. Say you don't want this car, you want a new order w/the eco-credit delivered within 60 days. It will just happen to have the same options as your previous one...

my $0.02... either way this should not be an issue...

spacey

My case could be a proof point for your first category. I ordered in late October. Got build # and all. The dealer told me delivery in Mid-January. I called BMW a couple of days ago. They told me my car is likely to get built next week and will likely be delivered by mid December. It does appear that the production lines are moving faster.

[bigx5er]

Allright you guys, now I am confused.

If I acquire financing elsewhere (and well under 5.9%), can I officially still get the eco credit?

Obviously I can show up to close the deal with a check in hand from another bank, but I want to make sure I will still get the $4500.

[Diesel Guy]

$4,500 is all yours.....bring em a check from anywhere........it's not linked to BMW finance

[spacey]

Originally Posted by bigx5er

Allright you guys, now I am confused.

If I acquire financing elsewhere (and well under 5.9%), can I officially still get the eco credit?

Obviously I can show up to close the deal with a check in hand from another bank, but I want to make sure I will still get the $4500.

Its all yours as long as you order before 1/4 as of current offer status, and based on my information and BMW's long standing policies (which cpiguy will dispute based on his dealings w/his dealer of many years) you get 60 day lock for all terms including the eco credit. They will probably still want to run your info through BMW FS, not sure why that is but they do even if you tell them that you have your own financing. At least my dealer did. But the eco credit is not dependent on financing through BMW FS. IOW, you can finance the car however you want and you still get the credit.

spacey

[spacey]

Originally Posted by cpiguy

Thanks for all the feedback guys. My problem still remains the delivery date, which fall into January. Rusnak is sold out on every single deisel, and has been for several months. I had to wait 3 weeeks for allocation to open to get my name on an order. BTW, I've bought 10 cars from them in the last 6 years. 4 of them were for my kids. So I realy know these guys.

I guess we'll see how it plays out, but I think people talking delivery in January may be in trouble.

cpiguy,

Out of curiosity, I don't remember you mentioning and I am too lazy to go back and re-read all the posts, sorry... when did you place your order? I placed mine on 10/19.

spacey

[Redridge]

Originally Posted by spacey

Get the car as in order the car or actually take the delivery or buy one off the lot...? Hmmm... actually now I can start seeing a sinister reason for someone to say that you have to get it before 12/31 ... they might want to try to get you into one on their lot... sounds exactly like something a car dealer would do, especially if they ordered too many for stock and can't sell them all now.

In any case... I am more than happy to share my sales guy's contanct info if anyone is interested in ordering a car and not having to take a delivery before 12/31.

spacey

no, 12/31 is the date you have to pick the car up by.... Paul Miller doesnt have any 2010 on their lot.... you have to order it.... Im not sure about the other dealers that have the 2010 on the lot though...

[FunfDreisig]

Well here's my eco-credit story...

Today I spoke with the CA that sold us our Build to Order 35d in Aug (i.e. during eco-credit round 1). He says that they had already sold all their 35d allocations through the end of 2009. Now they have been told the eco credit has been extended though 1/4/10 and provided with a sales video instructing them to keep selling build to order 35Ds right up to the end of the year. His interpretation is that this means that the order must be placed, not built, not delivered, just ordered.

His take on the requirement for applying for BMW Financing is just to be sure the people ordering 35Ds are serious and able to pay for the X5. As I have already posted, we applied for BMW financing to 'lock in the eco-credit" but actually paid cash at delivery. We were upfront about this. He new at the time of the order that had no intention of financing the 35d.

He also says that the eco-credit has really increased interest in the BMW diesels by people who he wouldn't ordinarily think of as a likely diesel buyer.

BTW they had several 2010 X5s on their lot -- but not a single 35d in the foreseeable future

If I were BMW I would keep the eco-credit going as long as this keeps working. The more diesels they sell, the better their CAFE gets. And the more likely that they can introduce more diesel models to improve their CAFE even more. For BMW building diesels is a lot easier, and less risky, than building hybrids, since they have been building diesels for decades.

Funf Dreisig

[cpiguy]

Originally Posted by spacey

cpiguy,

Out of curiosity, I don't remember you mentioning and I am too lazy to go back and re-read all the posts, sorry... when did you place your order? I placed mine on 10/19.

spacey

Within a day of you.

[Redridge]

Originally Posted by FunfDreisig

Well here's my eco-credit story...

Today I spoke with the CA that sold us our Build to Order 35d in Aug (i.e. during eco-credit round 1). He says that they had already sold all their 35d allocations through the end of 2009. Now they have been told the eco credit has been extended though 1/4/10 and provided with a sales video instructing them to keep selling build to order 35Ds right up to the end of the year. His interpretation is that this means that the order must be placed, not built, not delivered, just ordered.

His take on the requirement for applying for BMW Financing is just to be sure the people ordering 35Ds are serious and able to pay for the X5. As I have already posted, we applied for BMW financing to 'lock in the eco-credit" but actually paid cash at delivery. We were upfront about this. He new at the time of the order that had no intention of financing the 35d.

He also says that the eco-credit has really increased interest in the BMW diesels by people who he wouldn't ordinarily think of as a likely diesel buyer.

BTW they had several 2010 X5s on their lot -- but not a single 35d in the foreseeable future

If I were BMW I would keep the eco-credit going as long as this keeps working. The more diesels they sell, the better their CAFE gets. And the more likely that they can introduce more diesel models to improve their CAFE even more. For BMW building diesels is a lot easier, and less risky, than building hybrids, since they have been building diesels for decades.

Funf Dreisig

+1, but I also think that if this diesel thing takes off.... BMW also has a way to get greedy and lift that eco-credit off. Its a silly game they're playing if you ask me.... BMW should be more up front with their pricing. If they want to charge $4500 more... do so in the following model year and see if the people bite or not....

[LeMansX5]

Question is how long will the $1800 IRS deduction be available. Its does have a limit.