BMW Rebates and Incentives
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General BMW Pre-Owned Program Guidelines:
Definition of a Pre-Owned Vehicle: A Pre-Owned vehicle that is eligible for this program is one that has been previously sold to a retail
customer (and RDRed as such) who has used the vehicle for their own use for a period of time, generally 36 months and has now
returned it at the end of their lease and the Retailer has purchased it from BMW Financial Services or taken it in on trade. This program
cannot be used when selling a new (un-RDRed still in new car inventory) vehicle, regardless of whether it is or was a demo or courtesy
car or for a customer buying their lease car at maturity. Further, Retailers may not register a new car, regardless of year, to themselves
in order to remove it from new car inventory and put it into Pre-Owned inventory to use these subvened rates.
Program Conditions:
- Lease Programs are available only on vehicles with published Residual Values and with odometer readings which are within the
Minimum and Maximum Kilometre specifications, cannot exceed 150,000km at maturity.
- Maximum Owners Choice terms MY2010-2005 is 60 months, 2004 is 48 months, 2003 is 36 months and 2002 is 24 months.
- Maximum Retail Finance terms are as follows: MY2010-2007 is 84 months, 2006 is 72 months, 2005 is 60 months, 2004 is 48
months, 2003 is 36 months, and 2002 is 24 months.
- Credit approval of Non-BMW vehicles will acknowledge acceptance of “Approved Product” as per the Retailer Financing
Agreement.
- In order to use the special Certified Series rates a vehicle must first be within the eligible years shown on this program, then be
Certified. Pre-Owned vehicles can be Certified once they are 90 days old from the original date of service or have 5000km.
- U.S. vehicles do not qualify for subvened rates, only BMW Financial Services standard rates, and only when they are taken on trade
to sell a new or Pre-Owned BMW or MINI.
- In all instances, “M” Series vehicles are excluded from all sales support programs, unless otherwise noted.
- In all instances, Sales Bulletins are mutually exclusive and cannot be combined unless otherwise noted.
- BMW Financial Services standard rates and residuals will apply unless otherwise noted.
- Ideally all vehicles sold in a month are delivered and reported in that month. When the delivery must be carried over
(possibly due to selling a vehicle late in the month) and take place in the following month, we will use the credit application date to
establish the month it was sold in and allow up to 15 days into the next month to deliver, RDR and fund the vehicle, still using the
previous month’s rate. Should the rate decrease in that next month, you may use the better rate, as long as you finalize the deal
within the first 15 days as above. Once complete, normal BMW Financial Services policy applies and you have 3 days to supply
the documents.
- The customer delivery date reported into the DCS must match the customer delivery date on all BMW Financial Services
supporting documents, including contracts or other Financial Services required paperwork . This is a condition of all BMW
programs. BMW Financial Services will reject any financial contract where there are conflicting delivery dates.
- Any Retailer who wishes to buy down these rates must receive written approval prior to offering and/or advertising a lower rate than
these program rates. This does not guarantee approval will be granted.
- A $300.00 participation fee will be charged on all subvened
