[Sportstick]

Originally Posted by Haywood

I understand your point, but I'll have to agree to disagree. We are not talking about a Porsche Taycan or the next Aston Martin electric. This is a BMW sedan that will compete with Tesla. I think it would be foolish to exclude German car makers since they make up a great deal of cars that are on the road and it's what consumers want. E.g., better quality, luxury brands that don't have a supercar price tag.

I understand how you feel as well and different points of view are what make this interesting, and I respect that. I don't think there was any intent to exclude Germany, but I do think the Congress is more focused socioeconomically on buyers of VW than BMW, along with Nissan Ariya, Ford Mach E, Hyundai Ioniq5, and other more "popular priced" EVs. But, even with regard to those, note the additional incentive for a US plant product from union workers. Definitely some societal focussing of resources going on here on top of the EV issue.

[spool twice]

Originally Posted by Sportstick

How would it qualify at $55,400 base MSRP, $400 over the limit for non-SUV?

His question was referring to the current bill that is current law , not the proposed bill that is still under negotiation.

So, if it in fact doesn't pass, then yes the i4 would qualify. But if the senate version does pass (no price cap), then the i4 would qualify too. The house version is the one that is questionable

[Sportstick]

Originally Posted by spool twice

His question was referring to the current bill that is current law , not the proposed bill that is still under negotiation.

So, if it in fact doesn't pass, then yes the i4 would qualify. But if the senate version does pass (no price cap), then the i4 would qualify too. The house version is the one that is questionable

I see, and thanks. I was not aware of an alternative Senate version without caps. I missed that in the press. That makes me hopeful as well, as this was a potential dealbreaker for me.

[Young04]

Don't forget there is an income limit on the proposed bill. My view is that they should keep the income limit but eliminate the cap on vehicle price.

[RedKloud]

Originally Posted by Young04

Don't forget there is an income limit on the proposed bill. My view is that they should keep the income limit but eliminate the cap on vehicle price.

What is the income limit?

[motzus]

Originally Posted by RedKloud

What is the income limit?

This is from 11/3. There might have been changes but they have not been announced.

The new proposal limits the full EV tax credit for individual taxpayers reporting adjusted gross incomes of $250,000 or $500,000 for joint filers, down from $400,000 for individual filers and $800,000 for joint filers.

https://www.reuters.com/business/aut...vs-2021-11-03/

The article does not mention it but there is a gradual reduction as your income goes about the limits.

[daswartz]

Originally Posted by motzus

This is from 11/3. There might have been changes but they have not been announced.


https://www.reuters.com/business/aut...vs-2021-11-03/

The article does not mention it but there is a gradual reduction as your income goes about the limits.

Canada just put some pressure on the US over the EV tax credit. They are pissed about how the US EV credit acts as a tariff and is a violation of the North American trade agreement.

I'm hoping they come to their sense and fix the cap. While people who pay 100k for a car typically could care less about the credit, it still provides an incentive to push someone in the EV direction. People who are willing to spend that kind of money on a car also were spending money on gas guzzler taxes for their big engine go fast cars.

Fingers crossed that Canada helps the US understand this one.

[Haywood]

Originally Posted by daswartz

Canada just put some pressure on the US over the EV tax credit. They are pissed about how the US EV credit acts as a tariff and is a violation of the North American trade agreement.

I'm hoping they come to their sense and fix the cap. While people who pay 100k for a car typically could care less about the credit, it still provides an incentive to push someone in the EV direction. People who are willing to spend that kind of money on a car also were spending money on gas guzzler taxes for their big engine go fast cars.

Fingers crossed that Canada helps the US understand this one.

Agreed. I'm still going to buy the car regardless of the tax credit, but who doesn't want $7,500 back??!

[chadkoepf]

it's such an easy problem to fix that everyone on the internet found the loop hole, and yet shockingly BMW are still digging in their heels. drop the price, make m50 a package instead of a different model. problem solved

[daswartz]

Originally Posted by Haywood

Agreed. I'm still going to buy the car regardless of the tax credit, but who doesn't want $7,500 back??!

True! The credit would be nice, but we are buying this car for 4 reasons... 1 - We want to go EV. 2 - We like BMWs. 3 - It's not a Tesla (too many of them). and 4 - We like BMWs.

Originally Posted by chadkoepf

it's such an easy problem to fix that everyone on the internet found the loop hole, and yet shockingly BMW are still digging in their heels. drop the price, make m50 a package instead of a different model. problem solved

Or just release the m40 to the US and it will be the base, which I can't imagine it exceeding 80k. There are plenty of well to do hippies that would love to keep the extra cash and maybe buy some solar panels right?

[chadkoepf]

Originally Posted by daswartz

True! The credit would be nice, but we are buying this car for 4 reasons... 1 - We want to go EV. 2 - We like BMWs. 3 - It's not a Tesla (too many of them). and 4 - We like BMWs.



Or just release the m40 to the US and it will be the base, which I can't imagine it exceeding 80k. There are plenty of well to do hippies that would love to keep the extra cash and maybe buy some solar panels right?

the limit on sedans is 55k not 80k

[daswartz]

Originally Posted by chadkoepf

the limit on sedans is 55k not 80k

Oops. Right. I forgot what forum I was in when I posted that. Fix it BMW!

[Ken7]

Originally Posted by spool twice

His question was referring to the current bill that is current law , not the proposed bill that is still under negotiation.

So, if it in fact doesn't pass, then yes the i4 would qualify. But if the senate version does pass (no price cap), then the i4 would qualify too. The house version is the one that is questionable

Do you have a reference to the Senate bill that has no caps? I’ve never heard of it or even heard it discussed.

[spool twice]

Originally Posted by Ken7

Do you have a reference to the Senate bill that has no caps? I’ve never heard of it or even heard it discussed.

you are right, my mistake. The cap was $80,000 for all vehicles and not by class:

[techwhiz1]

Originally Posted by spool twice

you are right, my mistake. The cap was $80,000 for all vehicles and not by class:

I like the senate version.

[spool twice]

For now I do too, but looking down the line, If I wanted to purchase a used EV, lets say a used Taycan 4S, I'd "age" out of the program for AGI. I think they need to also adjust the used-car market EV on their end, otherwise it looks fine. The AGI should be a % based on region-specific salaries and not a standard cut-off across the board.

I just hope it stalls altogether for another year, just to get rid of the "unknowns" and know that I'd get the $7,500 tax credit

[RedKloud]

I called my dealer today, he told me 53% residual on 10K miles/36 months lease.

Gave me this quote for my $73K build.

[spool twice]

Do you happen to know the MF on that quote? Or the full breakdown?

You can normally qualify for base MF with a FICO Auto 8 score of 670 with BMWFS.

[RedKloud]

Originally Posted by spool twice

Do you happen to know the MF on that quote? Or the full breakdown?

You can normally qualify for base MF with a FICO Auto 8 score of 670 with BMWFS.

No they didn’t give me the MF… but I’m sure they jacked it up… the monthly payments don’t look right to me.

[Dethsupp0rt]

Originally Posted by RedKloud

I called my dealer today, he told me 53% residual on 10K miles/36 months lease.

Gave me this quote for my $73K build.

Jesus, that's awful.

[Accident]

Better to finance and take advantage of the tax credit than lease with those terms.

[techwhiz1]

Originally Posted by Accident

Better to finance and take advantage of the tax credit than lease with those terms.

That's what I said early in the thread.
It's a new model and BMW is not going to give you a better deal on a lease vs buying.

If it was a hard to move model; then yes.
This is a high demand model and it runs counter to logic that the lease rates are going to be attractive.

lease rates are going to be crap as.long as there is a line to get this car.