08-17-2023, 08:45 AM | #1 |
Lieutenant Colonel
1071
Rep 1,529
Posts |
MSRP discount for i5? possible?
Is it possible to get BMW i5 ordered at below MSRP? if so, how? Go through brokers?
Share advise. Am interested in an i5. |
08-17-2023, 10:05 AM | #2 |
Private First Class
396
Rep 116
Posts |
I ordered through a dealer (SoCal) and they took 1k off MSRP right off the bat. They said this is standard across their lineup. With some negotiation you might get something better.
|
Appreciate
2
BMW5and71071.00 Sequence001464.50 |
08-17-2023, 11:30 AM | #3 |
Captain
1133
Rep 787
Posts |
Similar experience here. Depends on the dealer. Last time we bought a couple years ago our regular (and only in the city) dealer took ~5% off MSRP with no discussion on an ordered X3 (i.e. not off the lot).
__________________
Bluegrass Bimmers
Current: 2019 G30 540i M Sport | 2022 & 2018 G01 X3 xDrive30i Past: 2017 F30 340i M Sport/6MT | 2013 E70 X5 3.5 | 2011 E90 ///M3 6MT | 2005 E46 330i ZHP 6MT | 2001 E53 X5 3.0 | 2000 E39 528i Sport/5MT | 1998 E39 528iA | 1997 E38 740i | 1993 E36 318is |
Appreciate
0
|
08-17-2023, 12:25 PM | #4 |
Private First Class
252
Rep 124
Posts
Drives: BMW i5 eDrive 40
Join Date: Jul 2023
Location: New York
|
I saw the Official Lease deal has a $3500 lease credit + $1550 dealer contribution for i5.
|
Appreciate
0
|
08-17-2023, 01:21 PM | #5 |
Starfleet Command
331
Rep 789
Posts |
I just confirmed on BMWCAA.org that the iX and i5 are NOT available for vehicle rebates. that's disappointing. Rep I spoke with said maybe next year they may be added but that's not officially announced.
__________________
2020 X5 M50i Phytonic Blue w/ Black Merino
22" 747M wheels, |
Appreciate
1
ngunit10.50 |
08-17-2023, 03:21 PM | #6 | |
Second Lieutenant
238
Rep 287
Posts
Drives: 2022 X4 m40i
Join Date: Jul 2022
Location: Orange County, CA
|
Quote:
Anyone thinking of leasing for the 7500 tax credit and than buying it a month later? |
|
Appreciate
0
|
08-17-2023, 04:14 PM | #7 | |
Budget Enthusiast
252
Rep 199
Posts
Drives: 2017 230i M-Sport
Join Date: Apr 2018
Location: Driver's Seat
|
Quote:
I'm aiming for Crevier or Irvine...not super happy with last experience at Irvine but they are so so so much closer. Now that you mention it, I am curious about the process of buying out a lease a month later to leverage the $7500. I've always just bought my cars and intend to cash buy the i5 (assuming it feels/drives appropriately) so this is a viable option if there's really no downside...cutting $7500ish off the chunk-o-change is attractive!
__________________
2017 230i // Estoril Blue II // M-Sport |
|
Appreciate
0
|
08-17-2023, 05:09 PM | #8 | |
BMW Aficionado
1381
Rep 1,850
Posts |
Quote:
You will still gain a ~$6500 savings by leasing and then immediate buyout. No other way to qualify for US EV tax credits on these BMWs. Take whatever you can! |
|
Appreciate
1
Sisyrx251.50 |
08-17-2023, 05:17 PM | #9 | |
Budget Enthusiast
252
Rep 199
Posts
Drives: 2017 230i M-Sport
Join Date: Apr 2018
Location: Driver's Seat
|
Quote:
Excellent, appreciate your insight! Is this plan something to keep under wraps when talking to the dealer about the lease or are they typically cool with this song and dance?
__________________
2017 230i // Estoril Blue II // M-Sport |
|
Appreciate
0
|
08-18-2023, 09:35 AM | #11 |
Second Lieutenant
238
Rep 287
Posts
Drives: 2022 X4 m40i
Join Date: Jul 2022
Location: Orange County, CA
|
I’m not sure that is correct. My sales advisor said the credit goes 100 percent to you. I specifically asked him about the buyout and the credit and he said it’s perfectly acceptable.
|
Appreciate
0
|
08-18-2023, 10:10 AM | #12 |
Private First Class
378
Rep 188
Posts |
|
Appreciate
0
|
08-18-2023, 10:35 AM | #13 | |
Budget Enthusiast
252
Rep 199
Posts
Drives: 2017 230i M-Sport
Join Date: Apr 2018
Location: Driver's Seat
|
Quote:
The federal credit applies to leases regardless of vehicle price. Dealers have the option to pass this along to customers if they so choose or they can pocket it themselves.
__________________
2017 230i // Estoril Blue II // M-Sport |
|
Appreciate
1
wagonallterrain377.50 |
08-18-2023, 12:12 PM | #14 |
Second Lieutenant
238
Rep 287
Posts
Drives: 2022 X4 m40i
Join Date: Jul 2022
Location: Orange County, CA
|
Correct. And my sales advisor said it’s actually not legal for them to keep any of the tax credit. The only way to get around it is if they do a dealer mark up on the car and use the tax credit to off set the markup.
|
Appreciate
0
|
08-18-2023, 05:51 PM | #15 |
New Member
29
Rep 19
Posts |
|
Appreciate
0
|
08-18-2023, 09:47 PM | #16 |
Second Lieutenant
238
Rep 287
Posts
Drives: 2022 X4 m40i
Join Date: Jul 2022
Location: Orange County, CA
|
|
Appreciate
0
|
08-19-2023, 07:11 AM | #17 |
Private First Class
177
Rep 162
Posts |
The option is on the entity that gets the tax break: the bank (BMW FS). They may choose to not pass this credit at all. If they do, it may take a while. Look at the i4 eDrive40. They only started giving the $7,500 Lease Credit this month.
|
Appreciate
0
|
08-19-2023, 11:56 PM | #19 |
Colonel
1659
Rep 2,406
Posts |
So with the lease credits....in other words, any half decent dealer should be giving you $7500 off MSRP off the bat, correct? I have never leased an EV to experience how they work the credits for that.
__________________
2022 M8 Comp GC, 2021 AMG GT53, 2022 X5M Competition, 2021 X7 40i, 2019 M5, 2018 M550I, 2017 Audi Q7, 2014 M6 GC, 2013 Mercedes CLS550, 2011 750LI, 2008 M6 Cabrio, 2008 Porsche Cayenne S, 2004 Mercedes SL55 AMG, 2003 Mercedes SL500, 2000 Mercedes CL500, 1993 Lexus SC400, 1989 525i, 1985 318i
|
Appreciate
0
|
08-20-2023, 08:36 AM | #20 | |
BMW Aficionado
1381
Rep 1,850
Posts |
Quote:
For example: They finally just started passing through the credit on the i7 in July 23, the iX they are providing a $9900 incentive ($1400 above what they are receiving from the feds) as the vehicle is overpriced and they aren’t moving units to the extent they forecasted or would like. I would expect the credits to come through in some form (partial or full) for the i5 but not at launch. Last edited by CaboM4; 08-20-2023 at 08:50 AM.. |
|
Appreciate
2
arkhi176.50 unfoundnemo1923.00 |
08-30-2023, 11:19 PM | #21 |
First Lieutenant
196
Rep 399
Posts |
I don't have i5 discount info, but I HAVE already made an offer and received confirmation to get a 6.5% discount from my dealer of choice here in the SF Bay Area for a 2024 i7 eDrive50 (the 449HP $105,xxx version). This includes everything except mandated government/DMV taxes. I MIGHT add that there are no fewer than SIX (6) BMW dealerships surrounding the Bay, all within 30 miles of me, so perhaps the competition helped.
Remember that the key word in "MSRP" is "Suggested." Beyond that, do the math and know your numbers beforehand -- then make your dealer an offer for a 6% or 7% discount. Be happy with 5% -- a figure from which I'm sure they can still make a reasonable profit for the dealership. I will be pre-ordering in October for a probably January delivery of my i7 (eDrive50). Enjoy your new EV!! Last edited by DroMike; 09-19-2023 at 08:54 PM.. |
Appreciate
0
|
09-02-2023, 11:24 AM | #22 |
Private
85
Rep 87
Posts |
I have anM60 i5 on order probably being delivered in late October (in production - production date is next Friday 9/8). My dealer has sold me 6 BMWs to date. Any suggestions for how I can get a few dollars off MSRP? I won't lease it because BMW is keeping the $7500 credit for themselves and not sharing.
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|