$3,500 X5d Eco Credit - What's the catch?

[kck7]

Originally Posted by marshotel

This may be a stupid question but the $3500 should be taken off the negotiated price right? I can see some dealers using this to get to $500 over invoice in which case the buyer wouldn't really be benefitting from the credit.

Right.

Example:

MSRP: 60,000
less Eco credit: 56,500
less discount (say 2% of msrp): 55,300
plus dealer doc
plus taxes on above
plus title

[asnpcwiz]

You should be able to do much better than that. My buddy just bought his 2011 X5 diesel premium, technology package, convenience package, heated front and rear seats, 3rd row seating...MSRP close to $62-63k, he got it for just under $51k.

[deutsch100]

When I bought for 2011 X5 in December 2010...I got $2500 Holiday Credit, $3500 BMW Eco Credit and I qualified for the $1800 tax credit. I traded in a 2010 7 Series with only like 5000 miles on it. Needless to say I was upside down...so all this "cash back" filled the gap. I drove away in my 2011 X5 35d with a nice lower payment. Also with the DOUBLE mpg the X5 gets over the 750 and $800 a year less AAA car insurance...I felt so good about my trade!

[JasonG]

Originally Posted by F150 Duke

Agreed on the "no free lunch", which is what has me wondering and waiting for the "other hand" to reach out and slap me. I'm starting to think it's because they are nixing the engine and transmission in 2012 for the 40d with 8-speed. There way of moving the vehicles.

Believe they've had the diesel credit for quite a while now so dont think it's an inventory clear out mechanism...no guarantee the 40d/8spd is comming as the recert on the engine is supposedly pretty pricey

[ard]

Originally Posted by marshotel

This may be a stupid question but the $3500 should be taken off the negotiated price right? I can see some dealers using this to get to $500 over invoice in which case the buyer wouldn't really be benefitting from the credit.

Yes.

A few folks have been burned with that. They weren't prepared.

And 2% off is a really bad deal.

[kck7]

Originally Posted by ard

Yes.

A few folks have been burned with that. They weren't prepared.

And 2% off is a really bad deal.

I didn't get only 2% off-- my discount was about the same as the Eco credit for a total of almost $7000 off, then they took off the financing money after taxes. I was simply using an 'outlier' type number to illustrate the math and I did write 'example' and 'say 2%'.
To prove, not that I have to but in the interest of credibility:
bimmerfest - BMW Forums - View Single Post - Rate my Deal
bimmerfest - BMW Forums - View Single Post - 2011 X5-D deals


I did have one dealer (on phone, about 150 miles away), offer me just the $3500 eco and no other discount. He tried to tell me that was a 'great deal'. I said my hasty goodbyes. Two or three days later (by then I had already bought my X5 locally) the manager called me to try to work a deal. Classic case of 'day late and a dollar short'.

I think I did ok at about 7% off, particularly given this was the only D at this dealer, and one of (I think) only 2 in our fairly large metro area, and it was the last week of December. I made many phone calls, near and not-so-near. I considered ordering but didn't have faith the $2500 financing credit would hold out, and of course the govt credit would be gone. I paid a little over $2k over 'invoice', which includes maco, ad, and doc fee for the purposes of my calculation.

[marshotel]

I just reached out to teh dealer this morning regarding pricing for a 2011. The vehicle I want has a sticker of $55,325 ($51,145 invoice). I will let you know how it works out.

[ard]

Originally Posted by kck7

I didn't get only 2% off-- my discount .

I wasn't commenting on your deal, I was making sure the OP didn't think 2% was the norm

[F150 Duke]

Originally Posted by marshotel

I just reached out to teh dealer this morning regarding pricing for a 2011. The vehicle I want has a sticker of $55,325 ($51,145 invoice). I will let you know how it works out.

Best of luck!

[marshotel]

Originally Posted by F150 Duke

Best of luck!

Thanks. I am selling my 2010 30 as well so i need all of teh luck I can get to make everything fall into place.