[spool twice]

You can also look into BMW Select for up to 60 months and purchase an extended OEM warranty.

You'll get the full credit, the rates are low at 1.9% which is substantially lower than BMW's lease MF, and the depreciation calculation isn't inflated like on a lease so you may end up "breaking even" on value vs owed upon trade-in, unless you wanted to do the end agreement baloon payment.

But who knows on the last part?

The downsides to BMW Select:

-You pay interest on the entire amount, so if you decide to re-finance the balloon payment, you are paying interest again.

-You are on the hook for any diminished value stemming from an accident since you are the owner.

But the payments vs lease on BMWusa's calculator using the $7,500 tax credit is appealing...

[Mike i4 M50]

Has anyone talked to the dealer about the pre-order lease rates? Are those still valid, depending on actual MSRP of course, for those of us who pre-ordered.........$849 for the M50 and $6xx for the eDrive40?

[mbchris]

Nothing to the contrary. Why would they not been valid? It's not as though interest rates have changed much in the last 6months.

[jayp98]

Originally Posted by spool twice

jeez I hope it isn't 50% and closer to the 55% they had posted but magically took down.

I only keep my cars 3 years, especially with EV tech improving. I'm likely going the PenFed PenSaver route to get the full tax credit.

Can you elaborate on the PenFed PenSaver route? New to this forum so looking for tips on incentives I can take advantage of.

[motzus]

Originally Posted by jayp98

Can you elaborate on the PenFed PenSaver route? New to this forum so looking for tips on incentives I can take advantage of.

I'm guessing he is referring to Pentagon Federal Credit union. They and Navy Federal Credit union tend to have very good auto loan rates. Their rates are not as good as the 0.99% that BMW used to give out. But compared to other banks etc. normally Pentagon Federal and Navy Federal has great rates.

[spool twice]

The Pensaver is similar to BMW Select, it's a depreciation only loan. It looks like Penfed no longer offers this product, so BMW Select would be a way to go if they don't extend the tax credit on their leasing.

If they don't, then BMW select would end up being cheaper in effective monthly payments apples-to-apples with the tax credit.

[jayp98]

Originally Posted by spool twice

The Pensaver is similar to BMW Select, it's a depreciation only loan. It looks like Penfed no longer offers this product, so BMW Select would be a way to go if they don't extend the tax credit on their leasing.

If they don't, then BMW select would end up being cheaper in effective monthly payments apples-to-apples with the tax credit.

Does this mean if we go through BMW select the tax credit is given to BMW and then handed down to us instead of us claiming personally through tax returns?

[spool twice]

With BMW select, the tax credit is given to you since you at tax time since you would be on the title as the owner similar to a traditional loan or purchasing outright.

[techwhiz1]

Originally Posted by spool twice

With BMW select, the tax credit is given to you since you at tax time since you would be on the title as the owner similar to a traditional loan or purchasing outright.

Talked to my SA at the dealer today.
Said right now lease rates on anything suck.
Said they can sell everything so leasing is crap.

[RedKloud]

Any more news on this?

[techwhiz1]

Originally Posted by RedKloud

Any more news on this?

I haven't really paid anymore thought to it.

I plan to buy with a substantial cash position.