Buy a BMW for 90% off!!! Among other things...

Xtreme331

Xtreme331

CAGiversary!
Feedback
1 (100%)
Ok so here's the deal. You might have heard about this on TV:

If you have an American Express credit card, go to My Life My Card.com (http://www.mylifemycard.com) and check out these awesome deals!

The website is giving away awesome deals on major purchases every day. One deal, one day. You can look up this week's purchases, how many of each are available, how much they cost, and how much they would normally cost (if not on sale).

A word of forewarning: These are great deals, but they are not cheap!!! Many of these deals are over $1000. For example, today's deal is a luxury travel package from Abercrombie and Kent (not the clothing A&F bastards) for $2500. It normally costs $25,000. So it's an awesome deal, 90% off. There are plenty of terms and conditions for the deals, so make sure to read the conditions first!

You must use an American Express credit card in order to buy these products at these prices.

Supposedly at some point you'll be able to buy a brand new BMW for $5000. Or so says the TV commercial.

Check out this site, if only to see how the other half lives!
 
Upvote 0 Downvote
Nope. No spam. Just saw the deal on TV while watching Comedy Central and checked it out. Thought I should share.

As far as Ramifications of buying a big purchase on a credit card. No idea. I know that a lot of credit cards have extended warranties and other stuff that like included, but you'd have to check your cardmember agreement thing they sent you when you got the card. So far I have never had any problem paying for large things with my credit card.
 
I'd like to thank the OP. I keep seeing those commercials and meant to check it out, this post finally got me over there. Good stuff, I'm debating trying to buy the cruise.
 
[quote name='greydemise']i dont think CAGS wud be interested in buying bmw's and the like [/quote]

I beg to differ. BMWs aren't to my liking, but the idea still stands.
 
[quote name='greydemise']i dont think CAGS wud be interested in buying bmw's and the like :whistle2:\.. :spam:[/quote]

i think i wud definitely be interested in purchasing a bmw for $5000 if i had the chance. i wud buy it as soon as i wud have the chance to. too bad i don't have an american express card, or i wud be checking this out. really, i wud.
 
[quote name='dental_regurgitation']I would... I bought a used Honda Accord for 5000 dollars... a BMW would rock.[/quote]

I just got to write a $5000+ check for all my school stuff (registration fees and housing)....
 
C'mon CAG! Who wouldn't buy a $5000 new BMW?? It's as cheapass as anyone will probably get next to free for a new BMW. Plus if you really don't want it, sell it on Ebay right after! You'll make your money back even if you sell it for $6000.
 
I can picture myself driving on a BMW with a bag of games that I just got for cheap! I may be cheapass but I don't need to look like one! :D
 
I know my father would easily drop $5000 on a new BMW. He is/was a car mechanic, and he collects a lot of cars. If anyone gets more information about the next car sale date, please let me know!
 
[quote name='ryosnk']I can picture myself driving on a BMW with a bag of games that I just got for cheap! I may be cheapass but I don't need to look like one! :D[/quote]

Amen to that!

Yeah definitely post if anyone finds out when in December they're selling more BMWs!
 
There has to be some catch. No way a 42,000 dollar sports car is being sold for 5,000. You could turn around and sell it, and make 30 grand with no effort at all. File this under: Too good to be true.
 
New beemers are just amazing. Anyone who would not take a brand new BMW at 5k is plain stupid. It's a reliable mode of transportation that would last 200k miles easy. My moms thinking of buying a brand new z4 3.0i. I thought my 1994 BMW was amazing. Oh my god, everything about that z4 was perfect. The steering was responsive, the shifting was nice and smooth, I could go on and on. Of course I'm biased though...
 
Just bought a brand new 350xi for 30 grand after loads of discounts and days of work.

So needless to say, there has to be a catch here. No way in the world that car is gonna be sold for 5000.
 
I agree Kaw, there has to be some kind of catch to it. Like for example, Do you have to be a long time member and be in good standing? Is this open to all levels of AMEX cardholders? Do you have to have spend a certain amount of money in order to qualify for any of the prizes? I know these are stupid questions, but they have to be asked.
 
You could consider the fact that American Express is doing this so they can write this off on their taxes. I don't know if the money they get from the auction is being donated to charity but I think this deal is true but it's definitely self-serving. So I'm fairly sure that the catch is AmEx is going to get to write off a lot this year as well as the companies that donated: BMW, Canon, etc.
 
[quote name='roguejedi5']I agree Kaw, there has to be some kind of catch to it. Like for example, Do you have to be a long time member and be in good standing? Is this open to all levels of AMEX cardholders? Do you have to have spend a certain amount of money in order to qualify for any of the prizes? I know these are stupid questions, but they have to be asked.[/quote]

I don't think you have to be a long time member but I do know one of my friend's mom got an email informing her of her long time customer loyalty and as such told her about the auction 2 weeks before it was generally known. We thought it was bogus as well until we confirmed w/ AmEx customer service (the one that was on her card, not the email just in case it was spam) and they said it was true.
 
[quote name='Storamin']New beemers are just amazing. Anyone who would not take a brand new BMW at 5k is plain stupid. It's a reliable mode of transportation that would last 200k miles easy. My moms thinking of buying a brand new z4 3.0i. I thought my 1994 BMW was amazing. Oh my god, everything about that z4 was perfect. The steering was responsive, the shifting was nice and smooth, I could go on and on. Of course I'm biased though...[/quote]

I had one.... a 99 BMW.


Dont forget the $18 brake light bulbs. The special key to do the oil changes or the $180 oil changes at the dealer... The "special" or "dealer/factory" requirement for almost every part.

They are ok cars, they can be expensive and they can be reliable. But if you prefer to do your own work then they are really frustrating and their reliablity ratings are actually not very good.
 
a good idea.....i like it....the beamer thing is a little nutty tho...everything i can beleive but the beamer i dunno...my teg was 5gs..if i had an AE card man....
 
[quote name='jaykrue'][quote name='roguejedi5']I agree Kaw, there has to be some kind of catch to it. Like for example, Do you have to be a long time member and be in good standing? Is this open to all levels of AMEX cardholders? Do you have to have spend a certain amount of money in order to qualify for any of the prizes? I know these are stupid questions, but they have to be asked.[/quote]

I don't think you have to be a long time member but I do know one of my friend's mom got an email informing her of her long time customer loyalty and as such told her about the auction 2 weeks before it was generally known. We thought it was bogus as well until we confirmed w/ AmEx customer service (the one that was on her card, not the email just in case it was spam) and they said it was true.[/quote]

As far as I can tell, there are no "tricks" here. Of course there's a ton of fine print, and while I may have started this thread, I'm not putting all the fine print for each deal up here (you can read your own damn fine print if you want to spend that kind of money).

One I did read was the first class airline tickets to select cities around the world. Travel dates were restricted to certain times and there was only a select list of places that you could go, and you had to use the tickets by a certain date. Stuff like that. Simple stuff that's fairly normal for discount stuff. You don't have to sell your soul to AMEX or pledge allegiance to Diablo or anything like that so far as I can tell.

jaykrue is right though, think about how much in total AMEX is going to be able to write off in taxes since the proceeds go to charities. We're talking close to a million bucks! That's a crapload of money, even for a big corporation.
 
Oh yeah. Maybe one catch: Certain AMEX cards require that you pay everything off at the end of the month. Only certain type of AMEX cards allow you to carry a balance (like the AMEX Blue, or Blue Cash). That could really hurt to have to shell out 5 grand all at once, but hey, for a new BMW? It's tempting.
 
[quote name='Xtreme331']Oh yeah. Maybe one catch: Certain AMEX cards require that you pay everything off at the end of the month. Only certain type of AMEX cards allow you to carry a balance (like the AMEX Blue, or Blue Cash). That could really hurt to have to shell out 5 grand all at once, but hey, for a new BMW? It's tempting.[/quote]

Hells ya that's tempting and also smart if you thought about how much car payments are per month for any old non-luxury type cars vs. a nice luxury sports car which you'll be able to pay off quick (quicker if you sell it on Ebay for more than $5000 - which you most definitely will be able to do)
 
[quote name='jaykrue'][quote name='Xtreme331']Oh yeah. Maybe one catch: Certain AMEX cards require that you pay everything off at the end of the month. Only certain type of AMEX cards allow you to carry a balance (like the AMEX Blue, or Blue Cash). That could really hurt to have to shell out 5 grand all at once, but hey, for a new BMW? It's tempting.[/quote]

Hells ya that's tempting and also smart if you thought about how much car payments are per month for any old non-luxury type cars vs. a nice luxury sports car which you'll be able to pay off quick (quicker if you sell it on Ebay for more than $5000 - which you most definitely will be able to do)[/quote]

So let's see.... cars depreciate (that's lose value - worth less money - kiddies) 40% as soon as you drive it off the lot. So a new BMW z4 3.0i retails at $42,500. So as soon as you take ownership of it, it's still worth $25,500. That's a loss of $17,000 in value, but the car is still worth 5 times what you paid for it! Plus you could sell it privately (read eBay) for a ton more! Like I've said before.... tempting.
 
I was looking, and it isn't in the future. The 3!!!! BMWs for 5000 were sold on the 26th of November I think.

Also, owning a bmw and getting it serviced at the dealer isn't cheap. Snake2715, I'm guessing you never took it on the track or care to drive more than transportation. Everytime I drive my beemer the smile gets wider and wider.
 
Just FYI, these deals are real, but the chances of you getting something are really slim. It's really more of a contest than anything else.

So don't think you're going to get the BMW easily...
 
[quote name='Strell']Just FYI, these deals are real, but the chances of you getting something are really slim. It's really more of a contest than anything else.

So don't think you're going to get the BMW easily...[/quote]

Yea, all of these deals are for real and they are exactly like a contest. Sort of like the 'Be the 84th person to call' sort of thing. There are just a few of these things available.

The reason AE can afford to do it is because they form a partnership with these companies. They get great deals on these to give them away for cheap prices..they get tons of people signing up for AE or at least thinking of doing so. BMW, these cruises and such, they all get pub too. It's a win-win for everyone. These aren't little companies. They can afford to do this without even batting an eye. For the money they pay on advertising every year, this is just a drop in the hat with probably a lot better results.
 
the only 'catch' I can think of is that you are required to pay all taxes, fees etc. I'm not sure if the taxes would be based on the actual value of the car or on the $5000....
 
Wow, great deal....although I don't have a AMEX card. I would buy a BMW....although the odds of me getting 1 of the 3 offered are slim to none.

Any GOOD AMEX CC deals out there?
 
All of you that label this as spam are just asses. This is legit. Its from AMX, I got stuff in the mail about this. Its a PROMOTION, do you guys know what that is?
 
Yeah, it's legit....but it's also just like a sweepstakes. I mean they only have 3-300 of each "prize", while it's good if you get in on it....

Also, how many weeks are they doing this for? Just one? many?
 
[quote name='LinkinPrime']If I had $5000+ avail credit limit on my AMEX I would tottaly try this[/quote]

If you have the traditional AMX card, then there really isnt a limit.
 
Guess What CAG's?!?!

The BMWs are back! That's right. This coming Monday AMEX will be selling 3 more BMW z4's for 5 grand!

And in the good news for me department, my wife is encouraging me to buy one!!! So. See ya next Monday!
 
Dec 13 is the next time the BMW z4 3.0i Roadster is at 5,000 again. Only 3 of them. They are also offering Zen Mircos for $75 the next day. Times like these makes me wish I had an American Express Credit Card.

*edit looks like I was beat to the BMW announcement*
 
[quote name='Storamin']I was looking, and it isn't in the future. The 3!!!! BMWs for 5000 were sold on the 26th of November I think.

Also, owning a bmw and getting it serviced at the dealer isn't cheap. Snake2715, I'm guessing you never took it on the track or care to drive more than transportation. Everytime I drive my beemer the smile gets wider and wider.[/quote]

they're being sold again... toldja so :D
 
[quote name='Nyquil']Dec 13 is the next time the BMW z4 3.0i Roadster is at 5,000 again. Only 3 of them. They are also offering Zen Mircos for $75 the next day. Times like these makes me wish I had an American Express Credit Card.

*edit looks like I was beat to the BMW announcement*[/quote]

Also, regarding the BMWs, it appears they are doing one at a time, at 12PM, 4PM, and 9PM ET. I don't like my chances, especially since I don't use credit cards (by choice).

What is funny about this promotion is that they make the winners pay. Talk about a lousy contest. I mean, sure, the price is low, but aren't most prize giveaways free (except for taxes).
 
[quote name='haywire']I just saw the commercial to. i'd get the 5k bmw if i was shopping for a car[/quote]

I'd buy a $5000 BMW even if I wasn't shopping for a car.
I mean really, even my Civic cost $15,000.
 
You must log in or register to reply here.
bread's done
Back
Top