ECO Credit Extended? - Page 2

Armand · #11 11-03-2009, 10:49 PM

Quote:

Originally Posted by cpiguy

I was just notified that the credit goes away on any car delivered after Dec. 31st. My car is on order and scheduled for production the last week of November, which mean I take delvery the first or second week of January.

In other words, I just got Fxcked!!

I'm in a similar situation. My dealer has cleared me for eco so 12/31 does not appear to be a real deadline. In any case, I will not take the car if I don't get eco. BMW is in a tight corner. If they stop eco, their pipeline will go to hell. They just added 700 workers and extended the shifts from 80 hours to 100 hours according to the news. What do you think would happen if people like you and I just walk away from their orders? Right now, I would say BMW is fxcked if they try to mess around with eco. That's IMHO.

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cpiguy · #12 11-03-2009, 11:20 PM

Quote:

Originally Posted by spacey

Do you mind elaborating on who you were notified by and what makes you say that my sales guy is wrong?

spacey

I'm in the middle of a huge ordeal with my dealer because my car will arrives in early January. No credit. They're trying to fight for an exception. If you have proof that they're wrong, I'd love to have it.

That's what I love about this forum...

spacey · #13 11-03-2009, 11:33 PM

Don't have proof, just never heard of this (the issue you are having) before and it sounds prepostrous. What I have heard, specifically in fact was as stated before, that eco credit is locked in at the time of order and is not related to the time of delivery. But, I plan to make sure my sales guy quadruple checks this info 1st thing tomorrow. He's been very straight w/me so far and seems very capable so I do not expect a run around. If this info exists he will tell me. OTOH, it may be impossible to prove it if this information is somehow bogus and/or specific to your dealer. Although I am not sure why your dealer would make something like that up - sounds farfetched for them to try to re-neg on a deal and get more $ or something.

I will try to get him to tell me how he knows whatever he tells me. A bulletin, web site, some other dealer info channel... whatever.

spacey

cpiguy · #14 11-03-2009, 11:38 PM

Quote:

Originally Posted by spacey

Don't have proof, just never heard of this (the issue you are having) before and it sounds prepostrous. What I have heard, specifically in fact was as stated before, that eco credit is locked in at the time of order and is not related to the time of delivery. But, I plan to make sure my sales guy quadruple checks this info 1st thing tomorrow. He's been very straight w/me so far and seems very capable so I do not expect a run around. If this info exists he will tell me. OTOH, it may be impossible to prove it if this information is somehow bogus and/or specific to your dealer. Although I am not sure why your dealer would make something like that up - sounds farfetched for them to try to re-neg on a deal and get more $ or something.

spacey

Let me perfectly up front. My sales guy has been a personal friend for 31 years, and the dealer, Rusnak is one of my largest clients. When they tell me something, it's typically fact.

Penguin · #15 11-03-2009, 11:45 PM

Quote:

Originally Posted by cpiguy

Let me perfectly up front. My sales guy has been a personal friend for 31 years, and the dealer, Rusnak is one of my largest clients. When they tell me something, it's typically fact.

I would not be surprised if the dealers have as much trouble getting straight information from BMW NA as we have had in trying to get clarification on the federal tax credit info they have on their website, e.g., dealers might be getting different info when they ask BMW NA.

texasdoc · #16 11-04-2009, 12:22 AM

Quote:

Originally Posted by Penguin

I would not be surprised if the dealers have as much trouble getting straight information from BMW NA as we have had in trying to get clarification on the federal tax credit info they have on their website, e.g., dealers might be getting different info when they ask BMW NA.

I think you're exactly right. The primary reason it's hard to get a direct answer from your dealer is because they can't get a straight answer from BMW. The people who do know the answers won't take questions from lowly customers and sales people.

Armand · #17 11-04-2009, 02:00 AM

Quote:

Originally Posted by cpiguy

I'm in the middle of a huge ordeal with my dealer because my car will arrives in early January. No credit. They're trying to fight for an exception. If you have proof that they're wrong, I'd love to have it.

That's what I love about this forum...

Now it's confirmed! ECO has been extended through 1/4. Just like before, you need BMW financing. Get minimum $7500 and pay off early. You can get better financing elsewhere as others have stated on this forum.

BMW North America

Penguin · #18 11-04-2009, 08:21 AM

Quote:

Originally Posted by Armand

Just like before, you need BMW financing. Get minimum $7500 and pay off early.

I'm getting the eco credit on a cash deal.

spacey · #19 11-04-2009, 08:31 AM

Hmmm... thats very interesting. I wondered the same thing when placing my order but was assured that I do NOT need to do BMW FS financing in order to get the eco credit, but the application needed to be run through BMW FS to lock it in. If that turns out to be not the case unless I can figure a way around it, it will be a deal breaker for me, just as disappearence of the eco credit would. The financing tho can be stepped around I think by refinancing (pen fed's rates are the same for new/used/refi's).

Actually you know, if either one of those things turn out to be true (eco credit axing and BMW FS requirement for eco credit if it isn't axed), I'd be so pissed that I think I would not only walk away from the deal but not look at another BMW for many years to come. I love the cars, but those plays are just so low that I don't think I want to do business w/a company that does stuff like that. If I were told otherwise to begin with that would be a different story, but at this point I wouldn't care who's fault/communication problem that would be - the dealer's or BMW NA's.

For now until told otherwise by my dealer I will try and keep those "possibilities" as purely hypothetical though as not to spoil the otherwise glorious event.

Now... how does the possibility of eco credit axing for deliveries after 12/31 jive w/eco credit being extended til 01/04 ? Doesn't make sense to me.

spacey

FunfDreisig · #20 11-04-2009, 08:32 AM

Quote:

Originally Posted by Penguin

I'm getting the eco credit on a cash deal.

I got the eco credit on a cash deal too. BUT our dealer still required us to apply for BMW credit to "lock in the eco credit". We simply wrote a check for the full agreed price, including the eco credit, at delivery.

Funf Dreisig

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