[M2ALEX]

Hello

So I am in the market for am M235i which I found and have been negotiating with the dealer for about a week now. I have decided to purchase this car in full. However, I came across a Grad program incentive which will grants me $1000 cash towards the purchase. However, the dealer is telling me that I MUST finance at least 8000 dollars in order to qualify.

So I plan to finance 8000 dollars at 3.12 interest. When does the 1000 incentive apply? At the end of the finance term? When I pay the loan off in full? Is there is minimum duration on this loan in order to Qualify?

I plan to pay the least amount of interest as possible while taking advantage of the 1000 dollars cash back from the BMW grad program.

Thanks in advance.

[hans007]

Originally Posted by M2ALEX

Hello

So I am in the market for am M235i which I found and have been negotiating with the dealer for about a week now. I have decided to purchase this car in full. However, I came across a Grad program incentive which will grants me $1000 cash towards the purchase. However, the dealer is telling me that I MUST finance at least 8000 dollars in order to qualify.

So I plan to finance 8000 dollars at 3.12 interest. When does the 1000 incentive apply? At the end of the finance term? When I pay the loan off in full? Is there is minimum duration on this loan in order to Qualify?

I plan to pay the least amount of interest as possible while taking advantage of the 1000 dollars cash back from the BMW grad program.

Thanks in advance.

with BMWFS the incentive is taken off right away.

I am not sure if its really true, but dealers will tell you they probably want you to not pay off the loan for 3-4 payments or BMW might take back the incentive from them and you effectively are screwing over your dealer.

that said, probably nothing stopping you from paying it right away. For my last car there was a $1000 incentive and I paid it off in 4 payments. I actually had a loan of something like $35k. then for the first payment I paid $20k (basically the money i got for my previous car which i didn't trade to them), then $5 x 3 more or less.

[hyperzulu]

Agree with above and $8k sounds about right for min financed through bmwfs.

[M2ALEX]

The information that this forum provides is awesome. My next post will be of my New M235i..
+1 for Hans007 and HyperZulu.