Non participating dealer?

chefczyk · 03-08-2021, 07:39 AM

Hi all - have a deposit down on a brand-new '20 leftover M2 - extremely excited for it (and can't wait to join these forums).

price is negotiated, etc. but when the financing manager got back to me (doing the deal through e-mail / phone) - the person said that the dealer is not eligible for the 0.9% financing and can only offer 1.9%? My credit score is typically 775-825 depending on the day with 15+ years of history, so I don't think it is a credit issue.

My question - is the dealer trying to arbitrage 1% on me here? The 0.9% is plastered all over their dealer's website so not sure what is up...

appreciate it! and can't wait to join!

DanG · 03-08-2021, 08:38 AM

The dealer is full of BS. The BMWUSA site says 0.9% on 2020 M2C.

https://www.bmwusa.com/special-offers.html?zip=20120

CalAcacian · 03-08-2021, 08:45 AM

"Through March 31, 2021, 0.90% APR financing for up to 60 months on any new 2020 BMW M2 Competition model available from participating BMW dealers to very well qualified customers who meet BMW Financial Services NA, LLC credit requirements."

The BMW website specifically does say that the deal only applies at participating BMW dealerships.

The fact that the dealer has the .9% on their website is sloppy at best and more likely is willful misrepresentation. I would tell them that you'll take the car at .9% or you'll find another dealership that will.

chefczyk · 03-08-2021, 09:08 AM

Thanks - I am thinking the same thing you all are. Appreciate it.

RAM_F30_F87 · 03-08-2021, 11:03 AM

Since I keep getting sent trade-in your 2017 letters, hold your ground. If necessary, ask to talk to the manager of the dealership. With the economy affected by COVID-19, a dealership should be anxious for your business.

admranger · 03-08-2021, 03:31 PM

Remember, factory support for model year 2020 cars ends March 31st.

That means that their M2 will not have trunk money or qualify for loyalty, etc. after that. They can provide a discount or something else to make up for it.

QM · 03-09-2021, 07:32 AM

Definitely BS. I encountered the same at the end of the year with 2020 CS from the finance guy. Emailed and called the sales manager directly and he said he'll honor the advertised rates and he did. My credit score is also well above their highest tier and I bought like 5 cars from that dealership. They are definitely trying to mark up BMWFS rates. Don't settle for it.
The other thing you may try to do is get financing approval directly from BMWFS before you even go to the dealer. I've not tied it but was told it works to bypass the local finance guy.

03-08-2021, 07:39 AM	#1
chefczyk Private First Class 165 Rep 111 Posts Drives: Alfa 4C, Z3MC, S3 Fulvia Join Date: Oct 2019 Location: NoVA iTrader: (0)	Non participating dealer? Hi all - have a deposit down on a brand-new '20 leftover M2 - extremely excited for it (and can't wait to join these forums). price is negotiated, etc. but when the financing manager got back to me (doing the deal through e-mail / phone) - the person said that the dealer is not eligible for the 0.9% financing and can only offer 1.9%? My credit score is typically 775-825 depending on the day with 15+ years of history, so I don't think it is a credit issue. My question - is the dealer trying to arbitrage 1% on me here? The 0.9% is plastered all over their dealer's website so not sure what is up... appreciate it! and can't wait to join!
	Appreciate 2 CalAcacian545.00 oln0881.50 Tweet Quote

03-08-2021, 08:38 AM	#2
DanG Major General 10642 Rep 6,934 Posts Drives: 2018 M2 AW DCT Join Date: Aug 2012 Location: Seattle, WA iTrader: (1) Garage List 2018 BMW M2 [7.68]	The dealer is full of BS. The BMWUSA site says 0.9% on 2020 M2C. https://www.bmwusa.com/special-offers.html?zip=20120
	Appreciate 0 Quote

03-08-2021, 08:45 AM	#3
CalAcacian Lieutenant 545 Rep 566 Posts Drives: 2018 M2 Join Date: Sep 2020 Location: Orange County, California iTrader: (0)	"Through March 31, 2021, 0.90% APR financing for up to 60 months on any new 2020 BMW M2 Competition model available from participating BMW dealers to very well qualified customers who meet BMW Financial Services NA, LLC credit requirements." The BMW website specifically does say that the deal only applies at participating BMW dealerships. The fact that the dealer has the .9% on their website is sloppy at best and more likely is willful misrepresentation. I would tell them that you'll take the car at .9% or you'll find another dealership that will.
	Appreciate 0 Quote

03-08-2021, 09:08 AM	#4
chefczyk Private First Class 165 Rep 111 Posts Drives: Alfa 4C, Z3MC, S3 Fulvia Join Date: Oct 2019 Location: NoVA iTrader: (0)	Thanks - I am thinking the same thing you all are. Appreciate it.
	Appreciate 0 Quote

03-08-2021, 11:03 AM	#5
RAM_F30_F87 Lieutenant 197 Rep 430 Posts Drives: 2017 M2 LBB 6MT; 2012 328i 6MT Join Date: Dec 2015 Location: Central PA iTrader: (0) Garage List 2012 BMW 328i Sport ... [0.00] 2017 BMW M2 [0.00]	Since I keep getting sent trade-in your 2017 letters, hold your ground. If necessary, ask to talk to the manager of the dealership. With the economy affected by COVID-19, a dealership should be anxious for your business.
	Appreciate 0 Quote

03-08-2021, 03:31 PM	#6
admranger Retired Curmudgeon 2985 Rep 4,047 Posts Drives: ‘19 X3M40i, ‘18 m550i Join Date: May 2011 Location: Las Vegas, NV iTrader: (1)	Remember, factory support for model year 2020 cars ends March 31st. That means that their M2 will not have trunk money or qualify for loyalty, etc. after that. They can provide a discount or something else to make up for it. __________________ '19 X3 M40 Carbon Black/Oyster, '23 Jeep Grand Cherokee L Summit, Past BMWs: '18 M550i, '18 330 GT, '16 X5 40e, '11 E90M3, '06 X5 4.4, '03 330i ZHP, '02 M3, '97 Z3 2.8, '95 M3 (2x), '94 530i (manual), '92 525i (manual), '88 M3, '87 325iS
	Appreciate 0 Quote

03-09-2021, 07:32 AM	#7
QM First Lieutenant 287 Rep 312 Posts Drives: 2020 M2CS 6MT Join Date: Oct 2015 Location: Illinois iTrader: (2)	Definitely BS. I encountered the same at the end of the year with 2020 CS from the finance guy. Emailed and called the sales manager directly and he said he'll honor the advertised rates and he did. My credit score is also well above their highest tier and I bought like 5 cars from that dealership. They are definitely trying to mark up BMWFS rates. Don't settle for it. The other thing you may try to do is get financing approval directly from BMWFS before you even go to the dealer. I've not tied it but was told it works to bypass the local finance guy.
	Appreciate 0 Quote