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-   -   ECO Credit Extended? (https://xoutpost.com/bmw-sav-forums/x5-e70-forum/67160-eco-credit-extended.html)

Penguin 11-04-2009 09:28 AM

Quote:

Originally Posted by FunfDreisig (Post 676642)
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


I think BMW was making up the rules as this promotion went along... after all, it started-out as being only for 2009 models on the lot, and then in mid-August morphed into being good for 2010 orders, since people were complaining about "bait and switch," since the average number of X5 diesels on the lot at BMW dealers, at the time, was around 1 per dealer I believe.

In any case, I did my order just before the original deadline of August 31 (deadline #1... we are now up to Deadline #3), and they might have removed the credit requirement by then.

I suppose my dealer could have done a credit check on me for BMW Finance, but I didn't sign anything.

ranchhand 11-04-2009 09:34 AM

Between a web site that can't be believed and the changing rules, this better be the best built bimmer I have ever bought.

FunfDreisig 11-04-2009 09:52 AM

Quote:

Originally Posted by Penguin (Post 676655)
I think BMW was making up the rules as this promotion went along... after all, it started-out as being only for 2009 models on the lot, and then in mid-August morphed into being good for 2010 orders,....

:iagree:We were one of the early suckers... errr, participants in the eco credit saga :)

We ordered in mid July and took delivery in mid Aug. At the time we ordered our 35d, most CAs at the dealers in Central Texas had barely even heard about the credit, let alone understood how it worked. But then again, BMW NA still doesn't understand how it works :yikes:

Funf Dreisig

jgf330xi 11-04-2009 10:28 AM

Let's face it.. the "ECO CREDIT" is simply a price reduction... A correction to a pricing mistake... It will be extended until they find away to raise the price.. eg. making standard items optional... and maintain the sale boom they are seeing on the diesels.. I now want a 335d...

spacey 11-04-2009 10:29 AM

Here's the response I got from my dealer after telling him about the eco credit bye bye after 12/31 issue:

"No worries about your delivery time or Eco Credit. When we submit your info to BMW Financial and place your order everything that was available at that time is LOCKED in for at least 60 Days. I'm still hoping to deliver your car this month but at the latest it will be beginning of DEC. Take Care."

Granted there is a "at least 60 day" lock mentioned... but... otherwise sounds pretty specific. The lock in at the time of application for "at least 60 days" BTW is what I have always heard before on this car buying occasion as well as others - IOW, the position appears to be consistently stable.

spacey :D

dreamx5 11-04-2009 10:30 AM

Quote:

Originally Posted by FunfDreisig (Post 676642)
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.

Happend the same with me. Our CA applied for BMW credit, saying "just in case". He would take it out when I pay the full amt at the time of delivery.

Blair780 11-04-2009 10:49 AM

Quote:

Originally Posted by spacey (Post 676532)
Do you mind elaborating on who you were notified by and what makes you say that my sales guy is wrong?

spacey :D

Spacy, I don't know who you ordered from but there's a lot of erroneous info regarding the eco-credit. I suggest calling other dealers and comparing stories. I suspect your dealer is trying to pocket some of that eco money as profit unless you do the leg work to find out that they are mistaken.

If you want to go elsewhere I purchased from BMW of Arlington and would be happy to send you to my sales guy there.

cpiguy 11-04-2009 12:45 PM

I agree with everything I've read above. I hope in BMW's continuing effort to promote deisel sales, that they extend the ECO credit one more time, but as of right now, my dealer says the credit is gone if we don't take delivery after end of year (1/4/2010).

If anyones dealer has specifically confirmed something different, I'd love to know.

Thanks

spacey 11-04-2009 12:57 PM

Quote:

Originally Posted by Blair780 (Post 676673)
Spacy, I don't know who you ordered from but there's a lot of erroneous info regarding the eco-credit. I suggest calling other dealers and comparing stories. I suspect your dealer is trying to pocket some of that eco money as profit unless you do the leg work to find out that they are mistaken.

If you want to go elsewhere I purchased from BMW of Arlington and would be happy to send you to my sales guy there.

Blair,

Well.. actually I am pretty happy w/the story from my deler so far, I think it's the cpiguy who is having a different experience. So while I appreciate the idea I am not sure I am going to start calling other dealers just because one guy on this board is having his deal implode for what seems like a prepostrous reason. If I start hearing more jacking reports from other folks w/X5ds on order getting notices from their dealers that they don't get the eco credit I'll start to worry. Actually, after just getting back from a meeting I had a voice mail waiting for me from my sales guy (Passport BMW in MD) saying that the car actually went into production yesterday and confirming yet again that all is good w/eco credit.

So far based on the fact that cpiguy is the only person who's dealer appears to be claiming that 12/31 delivery is the cut-off for eco credit, the fact that the eco credit has been extended till 1/4 (at least, who knows if they won't extend it even more), and the fact that my sales rep has so far been very reliable w/his information, in my book this means that it's Rusnak BMW that's confused. Despite the fact that cpiguy says they have been "one of his largest clients and his sales rep has been a personal friend for 31 yrs" I still say that other evidence suggests so far that it's his dealer that is confused, not mine (Passport BMW).

Not saying I won't get "notified" in a week or two, who knows :dunno:, but it just doesn't look likely at the moment.

spacey :D

Blair780 11-04-2009 01:02 PM

Quote:

Originally Posted by spacey (Post 676719)
Blair,

Well.. actually I am pretty happy w/the story from my deler so far, I think it's the cpiguy who is having a different experience. So while I appreciate the idea I am not sure I am going to start calling other dealers just because one guy on this board is having his deal implode for what seems like a prepostrous reason. If I start hearing more jacking reports from other folks w/X5ds on order getting notices from their dealers that they don't get the eco credit I'll start to worry. Actually, after just getting back from a meeting I had a voice mail waiting for me from my sales guy (Passport BMW in MD) saying that the car actually went into production yesterday and confirming yet again that all is good w/eco credit.

So far based on the fact that cpiguy is the only person who's dealer appears to be claiming that 12/31 delivery is the cut-off for eco credit, the fact that the eco credit has been extended till 1/4 (at least, who knows if they won't extend it even more), and the fact that my sales rep has so far been very reliable w/his information, in my book this means that it's Rusnak BMW that's confused. Despite the fact that cpiguy says they have been "one of his largest clients and his sales rep has been a personal friend for 31 yrs" I still say that other evidence suggests so far that it's his dealer that is confused, not mine (Passport BMW).

Not saying I won't get "notified" in a week or two, who knows :dunno:, but it just doesn't look likely at the moment.

spacey :D

My mistake - meant my response for CPIGUY but saw VA in your profile and thought you were him. Realize now he is in CA. Sorry for the mix-up.


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