$7,500 BMW Rebate on Leftover '08 M3's!

Dontbethatguy · 03-17-2009, 08:53 PM

I thought I'd pass it along that BMW recently released a $7,500 rebate on the new '08 M3's still sitting on lots. My dealer said that it's new enough that most probably aren't aware of it yet. I bought my '08 today new with 200 miles on it for $49,900 + TTL! This is a great time to be buying if you're in the market and can afford it!

Trevor

Big Windy · 03-17-2009, 08:55 PM

Wow, incredible.

Kev · 03-17-2009, 08:56 PM

Wow, that's cheaper than a 335.

edcvin · 03-17-2009, 08:57 PM

Thats insane!!! Congrats

-Vin

dizman7 · 03-17-2009, 09:13 PM

Quote:

Originally Posted by TrevorD

I thought I'd pass it along that BMW recently released a $7,500 rebate on the new '08 M3's still sitting on lots. My dealer said that's is new enough that most probably aren't aware of it yet. I bought my '08 today new with 200 miles on it for $49,900 + TTL! This is a great time to be buying if you're in the market and can afford it!

Trevor

JESUS!!!

Son-of-a- . . . . .

I KNEW I should have waited another month! Man I wait two months to get a better deal on mine which I just got at beginning of Feb (can't believe it was actually there that long since it's IB!).

That might explain why someone PM'd me asking me where I got my car since I've mentioned a few times here that they still have FOUR 2008 M3's left

Crazy Bimmer · 03-17-2009, 09:29 PM

Does that mean you can get an 08 M3 for $7500 under invoice?

Were you able to get the 2.9% ?

Technic · 03-17-2009, 09:43 PM

This also represents an additional $7500 loss in value on top of all other current discounts and natural annual depreciation for everybody else that bought a 2008 M3 before this trunk money showed up...

Congratulations from now on for buyers of the M3... for everybody else, well... the economy finally has tanked the M3.

itsmeeeugene · 03-17-2009, 09:51 PM

guess im going to the dealership this weekend!

askjeeves · 03-17-2009, 10:27 PM

Quote:

Originally Posted by Crazy Bimmer

Does that mean you can get an 08 M3 for $7500 under invoice?

+1...is the $7500 off of invoice or off of their already posted price, and where can we read more about this, I didn't see anything on the bmw site.

MJC///M3 · 03-17-2009, 10:32 PM

amazing deal!!

Bomex · 03-17-2009, 10:37 PM

anyone confirm this???

Dontbethatguy · 03-17-2009, 10:43 PM

The $7,500 rebate is in addition to any other discount that the dealer wishes to give. Their first offer was invoice of $64,395 - $7,500. I told him that if he can get the price down to $49,900 I'd take it. So, I signed the sheet at $49,900, and he went to the managers. I had a print out of the EXACT same car that I did a buy-it-now on from eBay at $49,900 this morning but the dealer would not honor (long story, separate thread). His manager would not match the price, but he went over his head to the GM and he said sell it! BMWNA doesn't have any special finance offers with this deal, but I got a 3.99% interest rate for 60 mos. from Pentagon Federal Credit Union! www.penfed.org I checked it out this morning after reading about it on m3post. I paid the $25 to join, and I was literally approved within minutes after submitting it online. I will have the check tomorrow in time for a pickup in the afternoon.

Trevor

rzm3 · 03-17-2009, 10:46 PM

Congrats on the insane deal! Welcome to the MR/BB club

Though a sad day for the resale value of our cars

Dontbethatguy · 03-17-2009, 10:48 PM

Quote:

Originally Posted by Bomex

anyone confirm this???

Call any of the dealers! They all should have the info from BMWNA. Just tell them that you heard about the $7,500 rebate on '08 M3's and wanted to confirm. The dealer in Savannah, Georgia that would not honor my eBay purchase (sold the car out from under me!) still has a new sedan posted up on eBay with a Buy It Now of $49,900. I agree that this further devalues M3's in general, but it will make for a smoking deal for the few that can take advantage of it.

Technic · 03-17-2009, 11:00 PM

Quote:

Originally Posted by TrevorD

The $7,500 rebate is in addition to any other discount that the dealer wishes to give. Their first offer was invoice of $64,395 - $7,500. I told him that if he can get the price down to $49,900 I'd take it. So, I signed the sheet at $49,900, and he went to the managers. I had a print out of the EXACT same car that I did a buy-it-now on from eBay at $49,900 this morning but the dealer would not honor (long story, separate thread). His manager would not match the price, but he went over his head to the GM and he said sell it! BMWNA doesn't have any special finance offers with this deal, but I got a 3.99% interest rate for 60 mos. from Pentagon Federal Credit Union! www.penfed.org I checked it out this morning after reading about it on m3post. I paid the $25 to join, and I was literally approved within minutes after submitting it online. I will have the check tomorrow in time for a pickup in the afternoon.

Trevor

I cannot believe that the "$69,745" MR/Bamboo 2008 Coupe specials are still available. There was one beside my car at the dealer when I bought mine in late September and around 17 all over Florida dealers at the same time.

That's almost $20,000 under sticker... enjoy!!!!

808E90 · 03-18-2009, 04:33 AM

Why the hell can't we get dealers to do that in Hawaii ... Ahh no 08 on the Island anyways

Cab5er · 03-18-2009, 05:08 AM

WOW! Great news for people getting 08s. Hopefully there will be something for the 09s when my car comes.

tsangwc · 03-18-2009, 08:03 AM

Just think about it. What will dealers do when they know there is a rebate on the car?

I got a quote from a dealer like this, "MSRP $68420 less $4922 our discount less $7500 rebate". They advertised the car at 55998. I got this quote a week ago and I think the dealers just eating up the rebate. This rebate just give you a better chance to negotiate a little bit more.

edcvin · 03-18-2009, 08:50 AM

This is definitely amazing for anyone in the car market for an M3 now. I wonder if/how this will affect production/pricing of the 09 M3's.

-Vin

ssabripo · 03-18-2009, 08:50 AM

WOW! great stuff.

so is there a link online to current 08 inventory around the country, or is it a hunt from dealer to dealer?

ygfamily21 · 03-18-2009, 09:55 AM

jesus good lord... this means i will be able to buy a slight used 08 for 40k in couple month... goooood...

Technic · 03-18-2009, 12:03 PM

Quote:

Originally Posted by ssabripo

WOW! great stuff.

so is there a link online to current 08 inventory around the country, or is it a hunt from dealer to dealer?

There are at least 258 new 2008 M3 available so far according to Autotrader... http://www.autotrader.com/fyc/search...ype=b&make=BMW

03-17-2009, 08:53 PM	#1
Dontbethatguy Private First Class 20 Rep 173 Posts Drives: 2011 550i Manual Join Date: Aug 2007 Location: West Texas iTrader: (1)	$7,500 BMW Rebate on Leftover '08 M3's! I thought I'd pass it along that BMW recently released a $7,500 rebate on the new '08 M3's still sitting on lots. My dealer said that it's new enough that most probably aren't aware of it yet. I bought my '08 today new with 200 miles on it for $49,900 + TTL! This is a great time to be buying if you're in the market and can afford it! Trevor __________________ '11 550i with 6-Speed Manual Lots of Old Cars That Nobody Cares About Last edited by Dontbethatguy; 03-17-2009 at 10:52 PM..
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03-17-2009, 08:55 PM	#2
Big Windy Major General 152 Rep 5,124 Posts Drives: None Join Date: Mar 2007 Location: Bay Area iTrader: (0)	Wow, incredible. __________________
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03-17-2009, 08:56 PM	#3
Kev Critical Care Anesthesiologist 481 Rep 8,828 Posts Drives: SMB F83 Join Date: Aug 2006 Location: Seattle, WA iTrader: (24) Garage List 2009 Porsche 911 Ca ... [9.50]	Wow, that's cheaper than a 335. __________________ kev { divinum est sedate dolorem } "your friendly neighborhood critical care anesthesiologist"
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03-17-2009, 08:57 PM	#4
edcvin Captain 116 Rep 878 Posts Drives: 2006 M5 \| 2011 M3 \| 2020 X3M Join Date: Dec 2007 Location: New York iTrader: (1)	Thats insane!!! Congrats -Vin
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03-17-2009, 09:29 PM	#6
Crazy Bimmer The Jesal 391 Rep 5,859 Posts Drives: E90 M3 Join Date: Nov 2005 Location: Chicago IL iTrader: (20) Garage List 2009 BMW M3 [0.00]	Does that mean you can get an 08 M3 for $7500 under invoice? Were you able to get the 2.9% ? __________________ 2009 E90 M3 - SOLD
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03-17-2009, 09:43 PM	#7
Technic Lieutenant General 2277 Rep 12,996 Posts Drives: 2021 i3S, 2024 i4 M50 Join Date: Apr 2005 Location: Florida iTrader: (18)	This also represents an additional $7500 loss in value on top of all other current discounts and natural annual depreciation for everybody else that bought a 2008 M3 before this trunk money showed up... Congratulations from now on for buyers of the M3... for everybody else, well... the economy finally has tanked the M3. Last edited by Technic; 03-17-2009 at 10:05 PM..
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03-17-2009, 09:51 PM	#8
itsmeeeugene Private First Class 160 Rep 170 Posts Drives: 2018 MW M4 ZCP Join Date: Sep 2008 Location: SoCal iTrader: (0)	guess im going to the dealership this weekend!
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03-17-2009, 10:32 PM	#10
MJC///M3 Colonel 87 Rep 2,324 Posts Drives: 09 SSII E92 M3 Join Date: Aug 2008 Location: Bronx, NYC iTrader: (0)	amazing deal!! __________________ "You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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03-17-2009, 10:37 PM	#11
Bomex Second Lieutenant 38 Rep 244 Posts Drives: BMW X4 N55 Join Date: Jun 2007 Location: NJ/NYC iTrader: (0)	anyone confirm this???
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03-17-2009, 10:43 PM	#12
Dontbethatguy Private First Class 20 Rep 173 Posts Drives: 2011 550i Manual Join Date: Aug 2007 Location: West Texas iTrader: (1)	The $7,500 rebate is in addition to any other discount that the dealer wishes to give. Their first offer was invoice of $64,395 - $7,500. I told him that if he can get the price down to $49,900 I'd take it. So, I signed the sheet at $49,900, and he went to the managers. I had a print out of the EXACT same car that I did a buy-it-now on from eBay at $49,900 this morning but the dealer would not honor (long story, separate thread). His manager would not match the price, but he went over his head to the GM and he said sell it! BMWNA doesn't have any special finance offers with this deal, but I got a 3.99% interest rate for 60 mos. from Pentagon Federal Credit Union! www.penfed.org I checked it out this morning after reading about it on m3post. I paid the $25 to join, and I was literally approved within minutes after submitting it online. I will have the check tomorrow in time for a pickup in the afternoon. Trevor __________________ '11 550i with 6-Speed Manual Lots of Old Cars That Nobody Cares About
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03-17-2009, 10:46 PM	#13
rzm3 Moderator 673 Rep 4,737 Posts Drives: E92 M3 Join Date: Aug 2007 Location: USA iTrader: (18)	Congrats on the insane deal! Welcome to the MR/BB club Though a sad day for the resale value of our cars
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03-18-2009, 04:33 AM	#16
808E90 808E90 231 Rep 4,047 Posts Drives: E90 ///M Join Date: Aug 2008 Location: Aloha State iTrader: (21)	Why the hell can't we get dealers to do that in Hawaii ... Ahh no 08 on the Island anyways
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03-18-2009, 05:08 AM	#17
Cab5er Colonel 80 Rep 2,339 Posts Drives: 09 E90 M3 (Sold) 13 A1 Join Date: Feb 2007 Location: Fremont, Hainan iTrader: (22)	WOW! Great news for people getting 08s. Hopefully there will be something for the 09s when my car comes. __________________ E90 ///M3/ AW/ Fox Red
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03-18-2009, 08:03 AM	#18
tsangwc Registered 0 Rep 2 Posts Drives: tC Join Date: Mar 2009 Location: NY iTrader: (0)	Just think about it. What will dealers do when they know there is a rebate on the car? I got a quote from a dealer like this, "MSRP $68420 less $4922 our discount less $7500 rebate". They advertised the car at 55998. I got this quote a week ago and I think the dealers just eating up the rebate. This rebate just give you a better chance to negotiate a little bit more.
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03-18-2009, 08:50 AM	#19
edcvin Captain 116 Rep 878 Posts Drives: 2006 M5 \| 2011 M3 \| 2020 X3M Join Date: Dec 2007 Location: New York iTrader: (1)	This is definitely amazing for anyone in the car market for an M3 now. I wonder if/how this will affect production/pricing of the 09 M3's. -Vin
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03-18-2009, 08:50 AM	#20
ssabripo HALA MADRID! 938 Rep 2,877 Posts Drives: camels & donkeys Join Date: Jul 2005 Location: Plantation, Fl iTrader: (7)	WOW! great stuff. so is there a link online to current 08 inventory around the country, or is it a hunt from dealer to dealer? __________________ F87 M2 Competition, Sunset Orange, Exc, DCT. SOLD F80 M3 Mineral Grey/Sakir Orange, Exc, DCT... ED 6/2015 SOLDE90 M3, Interlagos Blue / M individual two-tone, ZCP, ZP2, ZCV, DCT, ED.
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03-18-2009, 09:55 AM	#21
ygfamily21 Private First Class 8 Rep 124 Posts Drives: 2007 Porsche Cayman S Join Date: Jan 2009 Location: Birmingham, MI iTrader: (0)	jesus good lord... this means i will be able to buy a slight used 08 for 40k in couple month... goooood...
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