USA orders getting locked & "program rates"

motzus · 12-29-2021, 10:35 AM

Featured on BIMMERPOST.com

I just spoke with my salesguy. He said that BMW is releasing the "program rates" and locking in orders (my order or all orders, dunno) on Monday (1/3/2022). Any changes to my build after 1/3 will result in the loss of my production slot and a delay. He would like me to submit a credit application and he can provide final pricing on 1/3 after he receives the "program rates."

Is this true? Has anyone else heard this?

spool twice · 12-29-2021, 10:47 AM

You may want to request holding off on the credit application since BMW's credit app is only good for 30 days, which means they will need to run another request/app on the day of signing (or leading up to it).

My dealer said something similar, but I declined the credit app piece and they understood and we agreed to not run a credit app until closer to delivery.

As far as the rest, my dealer still shows me at 047, but no further updates. I'll have to text my sales person as he indicated earlier that I can still make changes through the end of this month if desired.

Ken7 · 12-29-2021, 09:30 PM

I think many of us will be hearing something in January. I’m wondering at what point are we told about final pricing? I know what the website pricing shows after I’m done with the build, but I’d like to see that finalized on paper.

techwhiz1 · 12-30-2021, 02:48 AM

Quote:

Originally Posted by Ken7

I think many of us will be hearing something in January. I'm wondering at what point are we told about final pricing? I know what the website pricing shows after I'm done with the build, but I'd like to see that finalized on paper.

Yeah, I have a build but I'm not worried about them coming back with "market adjustment" on my car.

I don't recall ever seeing it on any car on their dealership over the years. Not even now.

spool twice · 12-30-2021, 05:48 AM

Quote:

Originally Posted by Ken7

I think many of us will be hearing something in January. I’m wondering at what point are we told about final pricing? I know what the website pricing shows after I’m done with the build, but I’d like to see that finalized on paper.

Did you sign anything with your dealer?

Ken7 · 12-30-2021, 06:18 AM

Quote:

Originally Posted by spool twice

Did you sign anything with your dealer?

Not yet. I didn’t think there was anything to sign at this point, especially with no production #s yet.

spool twice · 12-30-2021, 09:55 AM

Quote:

Originally Posted by Ken7

Not yet. I didn’t think there was anything to sign at this point, especially with no production #s yet.

Gotcha.

I signed a build sheet and also a worskheet with $$ on mine to lock in the price w/o a market-up.

Ken7 · 12-30-2021, 11:12 AM

Quote:

Originally Posted by spool twice

Gotcha.

I signed a build sheet and also a worskheet with $$ on mine to lock in the price w/o a market-up.

Now I'm even more nervous about what's in store for my final pricing. He never offered to do that and I did see their $140,000 M8 Competition Convertible was selling for $10,000 over MSRP!

Uh oh.

motzus · 12-30-2021, 11:22 AM

Quote:

Originally Posted by Ken7

Now I'm even more nervous about what's in store for my final pricing. He never offered to do that and I did see their $140,000 M8 Competition Convertible was selling for $10,000 over MSRP!

Uh oh.

I am also concerned if my dealer is going to charge "market adjustment." I wonder if BMW considerer the build slot to be "owned" by the person who reserved it or to be owned by the dealer who is handling the sale. If it is owned by the person who reserved it, theoretically it can be assigned to a different dealer who would not charge market adjustment. We might be finding this out in a few weeks when more people get final pricing from their dealers.

Haywood · 12-30-2021, 12:15 PM

Quote:

Originally Posted by motzus

I am also concerned if my dealer is going to charge "market adjustment." I wonder if BMW considerer the build slot to be "owned" by the person who reserved it or to be owned by the dealer who is handling the sale. If it is owned by the person who reserved it, theoretically it can be assigned to a different dealer who would not charge market adjustment. We might be finding this out in a few weeks when more people get final pricing from their dealers.

My dealership stated they won't charge me a markup. However, if I don't take the car, the next person will be paying the markup.

spool twice · 12-30-2021, 12:21 PM

I would call your dealers if you are concerned about mark-ups and see if there is anything you can sign to lock in the price.

VERY doubtful this thing will be discounted without rebates (BMWCCA, Loyalty, Conquest etc etc...) due to the current automotive situation and the demand for this car. In other words, if you can lock in MSRP and only that, I'd consider that lucky in the USA market.

techwhiz1 · 12-30-2021, 02:45 PM

Quote:

Originally Posted by Haywood

Quote:

Originally Posted by motzus

I am also concerned if my dealer is going to charge "market adjustment." I wonder if BMW considerer the build slot to be "owned" by the person who reserved it or to be owned by the dealer who is handling the sale. If it is owned by the person who reserved it, theoretically it can be assigned to a different dealer who would not charge market adjustment. We might be finding this out in a few weeks when more people get final pricing from their dealers.

My dealership stated they won't charge me a markup. However, if I don't take the car, the next person will be paying the markup.

Exactly.

With the pre-order and deposit dealers around me don't seem to be trying to gouge.

If you decide to not take the car the next guy is going to pay.

kbsilver · 12-30-2021, 06:02 PM

If they hit me with an unexpected mark-up not only do they lose the sale, they lose a customer. Simple as that.

Mike i4 M50 · 12-30-2021, 06:20 PM

Quote:

Originally Posted by kbsilver

If they hit me with an unexpected mark-up not only do they lose the sale, they lose a customer. Simple as that.

Same here

Ken7 · 12-30-2021, 07:39 PM

Of course you then lose the car and would have to wait another year or so before your next opportunity to get a car.

I think Motzus asks a good question as to who owns the reservation slot, you or the dealer.

12-29-2021, 10:35 AM	#1
motzus Private 67 Rep 98 Posts Drives: i4 M50 (ordered) Join Date: Jan 2014 Location: United States iTrader: (0)	USA orders getting locked & "program rates" Featured on BIMMERPOST.com I just spoke with my salesguy. He said that BMW is releasing the "program rates" and locking in orders (my order or all orders, dunno) on Monday (1/3/2022). Any changes to my build after 1/3 will result in the loss of my production slot and a delay. He would like me to submit a credit application and he can provide final pricing on 1/3 after he receives the "program rates." Is this true? Has anyone else heard this?
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12-29-2021, 10:47 AM	#2
spool twice Rainbow Racer 1008 Rep 2,539 Posts Drives: BMW M4cs Join Date: Sep 2010 Location: Tampa Bay, FL Area iTrader: (7) Garage List 2019 M4cs [0.00]	You may want to request holding off on the credit application since BMW's credit app is only good for 30 days, which means they will need to run another request/app on the day of signing (or leading up to it). My dealer said something similar, but I declined the credit app piece and they understood and we agreed to not run a credit app until closer to delivery. As far as the rest, my dealer still shows me at 047, but no further updates. I'll have to text my sales person as he indicated earlier that I can still make changes through the end of this month if desired. __________________ -Loe P.- Prior Car:'14 Audi S5 3.0t DSG [ APR ECU/TCU \| Pullies + basic bolt-on mods \| 10.861@127.90mph ] Current Car: F82 M4cs \| TT-RS \| On Order: i4 M50
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12-29-2021, 09:30 PM	#3
Ken7 Private First Class 32 Rep 133 Posts Drives: Audi e-Tron Join Date: Nov 2021 Location: NY iTrader: (0)	I think many of us will be hearing something in January. I’m wondering at what point are we told about final pricing? I know what the website pricing shows after I’m done with the build, but I’d like to see that finalized on paper.
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12-30-2021, 12:21 PM	#11
spool twice Rainbow Racer 1008 Rep 2,539 Posts Drives: BMW M4cs Join Date: Sep 2010 Location: Tampa Bay, FL Area iTrader: (7) Garage List 2019 M4cs [0.00]	I would call your dealers if you are concerned about mark-ups and see if there is anything you can sign to lock in the price. VERY doubtful this thing will be discounted without rebates (BMWCCA, Loyalty, Conquest etc etc...) due to the current automotive situation and the demand for this car. In other words, if you can lock in MSRP and only that, I'd consider that lucky in the USA market. __________________ -Loe P.- Prior Car:'14 Audi S5 3.0t DSG [ APR ECU/TCU \| Pullies + basic bolt-on mods \| 10.861@127.90mph ] Current Car: F82 M4cs \| TT-RS \| On Order: i4 M50
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12-30-2021, 06:02 PM	#13
kbsilver Captain 142 Rep 634 Posts Drives: 340GT & '22 eDrive40 Join Date: Jan 2012 Location: North Jersey iTrader: (0)	If they hit me with an unexpected mark-up not only do they lose the sale, they lose a customer. Simple as that.
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12-30-2021, 07:39 PM	#15
Ken7 Private First Class 32 Rep 133 Posts Drives: Audi e-Tron Join Date: Nov 2021 Location: NY iTrader: (0)	Of course you then lose the car and would have to wait another year or so before your next opportunity to get a car. I think Motzus asks a good question as to who owns the reservation slot, you or the dealer.
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