Forum for the entire range of BMW electric vehicles
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW i4 Forum - i430, i440 (G26) EV Forum BMW i4 Forum - M50, eDrive40, eDrive35 (G26) EV Forum

Post Reply
 
Thread Tools Search this Thread
      12-20-2021, 07:02 AM   #45
spool twice
Rainbow Racer
spool twice's Avatar
United_States
1008
Rep
2,539
Posts

Drives: BMW M4cs
Join Date: Sep 2010
Location: Tampa Bay, FL Area

iTrader: (7)

Garage List
2019 M4cs  [0.00]
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...

Last edited by spool twice; 12-20-2021 at 07:09 AM..
Appreciate 0
      12-20-2021, 07:54 PM   #46
Mike i4 M50
Private First Class
155
Rep
138
Posts

Drives: 2014 BMW i3 REX (Solar Orange)
Join Date: Jun 2021
Location: Virginia USA

iTrader: (0)

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?
Appreciate 0
      12-21-2021, 06:18 AM   #47
mbchris
First Lieutenant
363
Rep
316
Posts

Drives: Volvo S90
Join Date: Apr 2018
Location: Dallas TX

iTrader: (0)

Nothing to the contrary. Why would they not been valid? It's not as though interest rates have changed much in the last 6months.
Appreciate 0
      12-30-2021, 12:58 AM   #48
jayp98
New Member
16
Rep
29
Posts

Drives: Tesla Model 3
Join Date: Dec 2021
Location: Northeast USA

iTrader: (0)

Quote:
Originally Posted by spool twice View Post
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.
Appreciate 0
      12-30-2021, 08:18 AM   #49
motzus
Private
67
Rep
98
Posts

Drives: i4 M50 (ordered)
Join Date: Jan 2014
Location: United States

iTrader: (0)

Quote:
Originally Posted by jayp98 View Post
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.
Appreciate 0
      12-30-2021, 09:25 AM   #50
spool twice
Rainbow Racer
spool twice's Avatar
United_States
1008
Rep
2,539
Posts

Drives: BMW M4cs
Join Date: Sep 2010
Location: Tampa Bay, FL Area

iTrader: (7)

Garage List
2019 M4cs  [0.00]
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.
__________________
-Loe P.-
Prior Car:'14 Audi S5 3.0t DSG [ APR ECU/TCU | Pullies + basic bolt-on mods | 10.861@127.90mph ]
Current Car: F82 M4cs | TT-RS | On Order: i4 M50
Appreciate 0
      12-30-2021, 12:09 PM   #51
jayp98
New Member
16
Rep
29
Posts

Drives: Tesla Model 3
Join Date: Dec 2021
Location: Northeast USA

iTrader: (0)

Quote:
Originally Posted by spool twice View Post
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?
Appreciate 0
      12-30-2021, 12:39 PM   #52
spool twice
Rainbow Racer
spool twice's Avatar
United_States
1008
Rep
2,539
Posts

Drives: BMW M4cs
Join Date: Sep 2010
Location: Tampa Bay, FL Area

iTrader: (7)

Garage List
2019 M4cs  [0.00]
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.
__________________
-Loe P.-
Prior Car:'14 Audi S5 3.0t DSG [ APR ECU/TCU | Pullies + basic bolt-on mods | 10.861@127.90mph ]
Current Car: F82 M4cs | TT-RS | On Order: i4 M50
Appreciate 0
      12-31-2021, 02:11 PM   #53
techwhiz1
Lieutenant Colonel
techwhiz1's Avatar
1856
Rep
1,964
Posts

Drives: E90 335, E70 X5
Join Date: Aug 2021
Location: Ca, Bay Area

iTrader: (0)

Quote:
Originally Posted by spool twice View Post
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.
__________________
Arctic Metallic\CF Splitters,Spoiler, Mirror Covers\LED Tails\LSD\Tinted\Coded\Apex SM10-19"\LED Angel Eyes\Gloss Black Grill\Integrated V1\M-Performance Brakes\Cobb Tuned\xHP Flash ->
Appreciate 0
      01-16-2022, 07:11 PM   #54
RedKloud
Major
RedKloud's Avatar
735
Rep
1,260
Posts

Drives: BMW i4 M50
Join Date: Jan 2016
Location: Portland, OR

iTrader: (0)

Any more news on this?
Appreciate 0
      01-16-2022, 07:45 PM   #55
techwhiz1
Lieutenant Colonel
techwhiz1's Avatar
1856
Rep
1,964
Posts

Drives: E90 335, E70 X5
Join Date: Aug 2021
Location: Ca, Bay Area

iTrader: (0)

Quote:
Originally Posted by RedKloud View Post
Any more news on this?
I haven't really paid anymore thought to it.

I plan to buy with a substantial cash position.
__________________
Arctic Metallic\CF Splitters,Spoiler, Mirror Covers\LED Tails\LSD\Tinted\Coded\Apex SM10-19"\LED Angel Eyes\Gloss Black Grill\Integrated V1\M-Performance Brakes\Cobb Tuned\xHP Flash ->
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:36 AM.




bmw
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST