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Important Update: The Membership Reward Rebate program terms are changing on January 1, 2020. Individuals who purchase a three-year or longer membership after December 31, 2019, will be required to wait six months before taking delivery of a new BMW and applying for the rebate. However, everyone that purchases a three-year membership by December 31, 2019, will be grandfathered in under the current terms and will not have to wait six months. This new change will only affect memberships purchased after December 31, 2019.