Leasing AND Get $7.5k Credit?

V3n0m51 · 06-28-2022, 09:48 AM

From what I've read so far, the credit comes back on your taxes if you pay cash or buy outright with a loan.

Has anyone had any luck getting BMWFS to credit them or found a third party financial lease company to pass it through? I saw some older forum postings stating BMWFS offered some credit in the past on other models.

TXSchnee · 06-28-2022, 09:58 AM

Quote:

Originally Posted by V3n0m51

From what I've read so far, the credit comes back on your taxes if you pay cash or buy outright with a loan.

Has anyone had any luck getting BMWFS to credit them or found a third party financial lease company to pass it through? I saw some older forum postings stating BMWFS offered some credit in the past on other models.

BMWFS will not pass through the credit to you if you lease. Other makes will, BMW does not.

Bird~Dawg · 06-28-2022, 03:18 PM

BMW Canada passed through the Ontario incentive when I leased my X5 45e in 2018.

CaboM4 · 06-28-2022, 08:19 PM

100% not happening with BMW anymore. They stopped this on the i3/i8 years ago

djse60 · 06-29-2022, 10:20 PM

You have to claim on your taxes. Even with financing dealer doesn't pass it through.

sor · 06-29-2022, 10:37 PM

But with a lease you're not the purchaser of the vehicle, the financing company is the owner and they get the tax credit.

In the past with leases I've gotten a portion equivalent to the percentage of the value my lease represents (100% - residual), but it is totally at the discretion of the company.

hankjost · 07-25-2022, 01:39 PM

Has anyone tried a third party lease company who might apply the 7500 credit to the lease payments or down payment?

06-28-2022, 09:48 AM	#1
V3n0m51 Vroom^2 26 Rep 28 Posts Drives: G30 MY23 M550i Join Date: Apr 2020 Location: PA iTrader: (0)	Leasing AND Get $7.5k Credit? From what I've read so far, the credit comes back on your taxes if you pay cash or buy outright with a loan. Has anyone had any luck getting BMWFS to credit them or found a third party financial lease company to pass it through? I saw some older forum postings stating BMWFS offered some credit in the past on other models.
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06-28-2022, 03:18 PM	#3
Bird~Dawg Second Lieutenant 143 Rep 200 Posts Drives: BMW 2018 X5 40e Join Date: Feb 2022 Location: Ontario iTrader: (0)	BMW Canada passed through the Ontario incentive when I leased my X5 45e in 2018.
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06-28-2022, 08:19 PM	#4
CaboM4 BMW Aficionado 1362 Rep 1,825 Posts Drives: 23 i7,23 iX,24 Silverado Join Date: Jul 2015 Location: NJ iTrader: (1)	100% not happening with BMW anymore. They stopped this on the i3/i8 years ago
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06-29-2022, 10:20 PM	#5
djse60 Lieutenant 185 Rep 534 Posts Drives: 2024 BMW iX50 Sport Join Date: Mar 2009 Location: Ashburn, VA iTrader: (1)	You have to claim on your taxes. Even with financing dealer doesn't pass it through.
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06-29-2022, 10:37 PM	#6
sor Brigadier General 3107 Rep 3,072 Posts Drives: 2023 iX M60 Oxide Join Date: Jun 2007 Location: UT iTrader: (0) Garage List 2023 BMW iX M60 [0.00]	But with a lease you're not the purchaser of the vehicle, the financing company is the owner and they get the tax credit. In the past with leases I've gotten a portion equivalent to the percentage of the value my lease represents (100% - residual), but it is totally at the discretion of the company.
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07-25-2022, 01:39 PM	#7
hankjost Registered 0 Rep 1 Posts Drives: BMW ix Join Date: Jul 2022 Location: South Florida iTrader: (0)	Has anyone tried a third party lease company who might apply the 7500 credit to the lease payments or down payment?
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