$7500 Lease Credit for the eDrive40 and AWD eDrive40

calbears · 08-01-2023, 08:33 PM

New program for the i4 (2023/2024) eDrive40 gets you a $7500 lease credit

drexplode · 08-01-2023, 09:41 PM

Quote:

Originally Posted by calbears

New program for the i4 (2023/2024) eDrive40 gets you a $7500 lease credit

Woah! Nice update. Just to confirm i4 xdrive40 also receives $7500 lease credit?

RedKloud · 08-01-2023, 10:29 PM

Income limits still apply?

drexplode · 08-02-2023, 07:18 AM

Confirmed 7500 lease credit but residuals went down for xdrive40

36mos/10k:
.00210 MF and 53% RV (down 2%)
$7500 lease credit

unfoundnemo · 08-02-2023, 09:39 AM

Quote:

Originally Posted by RedKloud

Income limits still apply?

Nope... the lease credit is coming from BMWFS and basically just a cap cost reduction on the lease (new tax code has a loophole for leases that doesn't have the requirements). It's not a rebate from the IRS to the consumer, it goes to BMWFS, so this "program" is basically just them passing the rebate rebate they will end up getting along to the lessee at the closing for the lease. They get it for everything that qualifies, but only decide to pass it on for the models they want to move (e.g. they get for any i4 M50 they lease out, but don't pass it along).

23109VC · 08-03-2023, 10:36 AM

So if you lease the i4 M50 BMW will NOT give your he $7500 ?

unfoundnemo · 08-03-2023, 11:01 AM

Quote:

Originally Posted by 23109VC

So if you lease the i4 M50 BMW will NOT give your he $7500 ?

Correct... and don't blame your dealer, it's BMWFS that's being greedy there, the rebate goes to the lessor.

imrj · 08-05-2023, 03:33 PM

Quote:

Originally Posted by drexplode

Confirmed 7500 lease credit but residuals went down for xdrive40

36mos/10k:
.00210 MF and 53% RV (down 2%)
$7500 lease credit

53% residual? well I wasnt so lucky, only got 50% and I asked around everyone says RV is fixed by BMWFS, cannot be negotiated....

drexplode · 08-05-2023, 03:45 PM

Quote:

Originally Posted by imrj

53% residual? well I wasnt so lucky, only got 50% and I asked around everyone says RV is fixed by BMWFS, cannot be negotiated....

Correct, residual value can not be negotiated. Money factor base rate is set by BMW as well but some dealer mark-up for extra profit.

How many miles per year is your lease? 15k? 36mos/15k.

53% residual is for 10k miles per year.

starstreak · 08-11-2023, 07:04 PM

So since the dealership still hasn't gotten any cars in yet, he cb to see if I still wanted the deal for the i40 with the EV Lease deal.

Can you explain how this works? I have a feeling he's trying to get on something that I'm not seeing yet.
So he is telling me I can lease it for 3yrs,10k miles. And I can get a EV lease credit of $7500.
So if the i4 was $64k. Does that mean the car is $56500? And I would base my lease on that amount?

OR I don't know if it makes a difference, would I still be getting my lease at the $64k price, but the $7500 would be like a your down for the vehicle. So nothing out of pocket. And in doing so, that would make my monthly payments lower? Its just that with the $7500 its like it covered my down and like 5 months of payments? ALthough I'm not sure if I could use it like that. Like tell him $2500 is down and for the next 5 months the credit covers my payments. If my payments was $1k a month as an example.

Is there something else I should look out for? Like to make up the $$, he would tell me my interest rate is higher than normal?

docfrance · 08-23-2023, 05:30 PM

Just ordered my 40 xDrive for lease and was granted the $7500 federal credit AND the $5000 Colorado eV credit. Hard to pass up a deal like that, plus the dealer marked it down $3377 from MSRP AND I got another $500 military discount. With my build, the adjusted Cap Cost was $52600. With 0.53 residual the payoff at the end of 36 mos will be $36,300.
Now I wait...

Jerry333 · 08-24-2023, 12:57 AM

Also placed the order. It is a shame that CA doesn't give i4 an EV credit.

MiamiFan13 · 09-10-2023, 09:28 PM

I just put a deposit down on an i4 40i for 3yr/36k lease. I'm getting $11k off sticker. It's the $7500 credit plus the dealer dropped it another $3500. HOWEVER, I'm being told that this plan is only good on vehicles in stock and I'm only eligible because I currently own a BMW.

While the one in stock is Brooklyn Grey over black, which I'm totally fine with, I might consider a different color if I wasn't forced to take the one from the lot.

Am I being lied to in that regard?

Gladius Nova · 09-11-2023, 04:00 AM

Quote:

Originally Posted by docfrance

Just ordered my 40 xDrive for lease and was granted the $7500 federal credit AND the $5000 Colorado eV credit. Hard to pass up a deal like that, plus the dealer marked it down $3377 from MSRP AND I got another $500 military discount. With my build, the adjusted Cap Cost was $52600. With 0.53 residual the payoff at the end of 36 mos will be $36,300.
Now I wait...

What are your monthly payments?

naiza3k · 12-24-2023, 07:58 AM

Quote:

Originally Posted by docfrance

Just ordered my 40 xDrive for lease and was granted the $7500 federal credit AND the $5000 Colorado eV credit. Hard to pass up a deal like that, plus the dealer marked it down $3377 from MSRP AND I got another $500 military discount. With my build, the adjusted Cap Cost was $52600. With 0.53 residual the payoff at the end of 36 mos will be $36,300.
Now I wait...

Which dealer was this?

08-01-2023, 08:33 PM	#1
calbears Colonel 4265 Rep 2,493 Posts Drives: 2018 F80 M3 CS,2017 F87 LBB M2 Join Date: Jan 2017 Location: Bay Area iTrader: (0) Garage List 2011 M3 [10.00] 2017 M2 [10.00] 2018 M3 CS [10.00]	$7500 Lease Credit for the eDrive40 and AWD eDrive40 New program for the i4 (2023/2024) eDrive40 gets you a $7500 lease credit __________________ 2018 F80 M3 CS 2017 M2, LBB, DCT, exec, car play, MPE, diffuser 2011 E90 M3 ZCP Past: E90 328i, F10 535i, F80 M3 (murdered)
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08-01-2023, 10:29 PM	#3
RedKloud Major 738 Rep 1,263 Posts Drives: BMW i4 M50 Join Date: Jan 2016 Location: Portland, OR iTrader: (0)	Income limits still apply?
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08-02-2023, 07:18 AM	#4
drexplode Brigadier General 1787 Rep 3,068 Posts Drives: G26 i4x Join Date: Jul 2007 Location: Walled Lake Michigan iTrader: (17)	Confirmed 7500 lease credit but residuals went down for xdrive40 36mos/10k: .00210 MF and 53% RV (down 2%) $7500 lease credit Last edited by drexplode; 08-02-2023 at 07:25 AM..
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08-03-2023, 10:36 AM	#6
23109VC Captain 452 Rep 675 Posts Drives: 2016 X5 Join Date: Nov 2018 Location: SoCal iTrader: (0) Garage List 2018 BMW M550i [7.90] 2009 Acura TL SH-AWD [0.00] 2021 Porsche Cayenn ... [10.00]	So if you lease the i4 M50 BMW will NOT give your he $7500 ? __________________ Sean 2016 X5 sDrive 35i 2018 M550i
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08-11-2023, 07:04 PM	#10
starstreak Private 12 Rep 52 Posts Drives: Lexus GS350 Join Date: Oct 2020 Location: Hawaii iTrader: (0)	So since the dealership still hasn't gotten any cars in yet, he cb to see if I still wanted the deal for the i40 with the EV Lease deal. Can you explain how this works? I have a feeling he's trying to get on something that I'm not seeing yet. So he is telling me I can lease it for 3yrs,10k miles. And I can get a EV lease credit of $7500. So if the i4 was $64k. Does that mean the car is $56500? And I would base my lease on that amount? OR I don't know if it makes a difference, would I still be getting my lease at the $64k price, but the $7500 would be like a your down for the vehicle. So nothing out of pocket. And in doing so, that would make my monthly payments lower? Its just that with the $7500 its like it covered my down and like 5 months of payments? ALthough I'm not sure if I could use it like that. Like tell him $2500 is down and for the next 5 months the credit covers my payments. If my payments was $1k a month as an example. Is there something else I should look out for? Like to make up the $$, he would tell me my interest rate is higher than normal? Last edited by starstreak; 08-11-2023 at 07:11 PM..
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08-23-2023, 05:30 PM	#11
docfrance New Member 15 Rep 9 Posts Drives: '24 i4 xDrive40,'22 X5 45e Join Date: Oct 2021 Location: Colorado Springs CO USA iTrader: (0)	Just ordered my 40 xDrive for lease and was granted the $7500 federal credit AND the $5000 Colorado eV credit. Hard to pass up a deal like that, plus the dealer marked it down $3377 from MSRP AND I got another $500 military discount. With my build, the adjusted Cap Cost was $52600. With 0.53 residual the payoff at the end of 36 mos will be $36,300. Now I wait...
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08-24-2023, 12:57 AM	#12
Jerry333 Second Lieutenant 62 Rep 297 Posts Drives: 2024 M2 Join Date: Jul 2018 Location: Bay Area iTrader: (1) Garage List 2019 BMW X7 [0.00] 2024 BMW M2 [5.00]	Also placed the order. It is a shame that CA doesn't give i4 an EV credit.
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09-10-2023, 09:28 PM	#13
MiamiFan13 Lieutenant 498 Rep 442 Posts Drives: i4-e40 335i 03 Cobra,Jeep SRT8 Join Date: Jan 2010 Location: Connecticut iTrader: (1)	I just put a deposit down on an i4 40i for 3yr/36k lease. I'm getting $11k off sticker. It's the $7500 credit plus the dealer dropped it another $3500. HOWEVER, I'm being told that this plan is only good on vehicles in stock and I'm only eligible because I currently own a BMW. While the one in stock is Brooklyn Grey over black, which I'm totally fine with, I might consider a different color if I wasn't forced to take the one from the lot. Am I being lied to in that regard?
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