10-14-2018, 03:54 PM | #1 |
Lieutenant General
18659
Rep 14,107
Posts
Drives: G82 M4C X-Drive
Join Date: Mar 2013
Location: Orange County, CA
|
State Rebate as a down or in your pocket?
Currently working on leasing a new i3. On top of the $7500 fed, $2000 loyalty, and $1000 UDE rebates, I was planning on using the $2500 state rebate as a down payment as well as the BMWCCA and SCE rebates. Usually I don't put anything down on a lease, but since this is basically "free money" the risk of losing money is very very low should the car get totaled. I figured I'd rather just enjoy a super low monthly payment.
What are your thoughts? Did most of you put the $2500 state rebate as a down payment?
__________________
2022 G82///M4 Competition X-Drive - KW-HAS, EBC Bluestuff, Millway Race Camber Plates, Cup2 Connect*, PSI High Flow Midpipe, Lightweight Front Lip, M Perf Flow Through Wing Previous • 2018 F80 ///M3 CS • 2016 F80 ///M3 IG: Raging_G82 |
10-15-2018, 07:15 PM | #2 | |
Colonel
1163
Rep 2,561
Posts |
Quote:
That way you achieve lower monthly payments, and avoid risking down payment $$ in case of total vehicle loss. I don't live in Cali, but that's what I do with all other rebates and credits I can claim in NJ. a
__________________
'19 TM3P (BK/BK)
'15 F80 M3 (SO/SS) ex-'17 I01 i3-BEV (PB/DD), ex-'15 I01 i3-REX, ex-E90, E46, E36's, E30's |
|
Appreciate
1
jmg18658.50 |
10-15-2018, 07:48 PM | #3 | ||
Lieutenant General
18659
Rep 14,107
Posts
Drives: G82 M4C X-Drive
Join Date: Mar 2013
Location: Orange County, CA
|
Quote:
__________________
2022 G82///M4 Competition X-Drive - KW-HAS, EBC Bluestuff, Millway Race Camber Plates, Cup2 Connect*, PSI High Flow Midpipe, Lightweight Front Lip, M Perf Flow Through Wing Previous • 2018 F80 ///M3 CS • 2016 F80 ///M3 IG: Raging_G82 |
||
Appreciate
0
|
10-17-2018, 01:37 PM | #5 | |
Lieutenant
180
Rep 489
Posts
Drives: 2019 i3S REx
Join Date: Sep 2011
Location: Hollywood, CA
|
Quote:
"For a vehicle purchased on or after January 1, 2018, the DMV cannot issue a CAV decal to an applicant who has received a consumer rebate through the Clean Vehicle Rebate Project (CVRP). An applicant whose gross annual income is above specified thresholds must choose between a CAV decal or a CVRP rebate" Last edited by TimeFor; 10-17-2018 at 01:43 PM.. |
|
Appreciate
1
jmg18658.50 |
10-23-2018, 02:19 PM | #6 |
Captain
554
Rep 906
Posts |
I did exactly this on my i3. I put $3950 ($2500 CVRP, $450 SCE, $1000 CCA) in down payment and immediately filed for the rebates after delivery (SCE after I got my plates). Timeline below:
8/25: Delivery 8/26: Filed for CCA and CVRP rebates 9/12: CCA rebate approved, submitted to BMWNA 9/13: SCE rebate submitted 9/17: SCE rebate approved 10/20: SCE rebate arrived in mail 10/31: CVRP rebate approved 11/17: CCA rebate arrived in mail That said, turnaround times for the CVRP rebate has been getting longer and longer, probably due to the increasing amount of Model 3 deliveries.
__________________
2017 328d xDrive Sports Wagon: Estoril Blue, Black Sensatec, M-Sport Pkg
2020 i3 Rex: Capparis White, Giga World Last edited by capt_slow; 11-19-2018 at 09:35 PM.. Reason: Added more dates |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|