BMW i5 and 5-Series Forum

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      Yesterday, 09:34 AM   #1
MidnightMarauder
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Question i5 leasing and $7500 EV credit potentially going away

Does anyone else here in the US have an i5 on order and planning to lease? Are you getting nervous about the credit going away?

We placed our i5 order back in Aug, and slated for production 3rd week of January. So I expect it to be finished around March or April. We leased to take advantage of the $7500 lease credit.

However, everyone expects the new administration to eliminate that loophole. But nobody knows how quickly it could happen. I didn't ask my salesman, but I assume I won't get that credit if the government eliminates it before I get the car. Would you agree?

So I'm debating if I should cancel the pre-order and try to buy an inventory model now. The major downside is that I wouldn't get the options I want. Back in the summer, my dealer wasn't able to find an e40 with Bowers sound and Luxury seating.
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      Yesterday, 01:17 PM   #2
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It’s really hard to say what will happen. If Trump enacts half the things he says, the country is doomed. California provides 1/3 of all vegetables for the US and 3/4 of all fruits and nuts. Migrant workers are 80% of the agricultural work force. Deportation isn’t going to work. I think they will be too tied up thinking their way out of that one to worry about EVs.
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      Yesterday, 01:53 PM   #3
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You have a valid point, but I'd be surprised if that happens so quickly. Who knows, maybe because of his relationship with Musk, he'll leave the EVs alone until later in his term.

You are correct with your assumption that the rebate will not be available if the government gets rid of it. BMW only offers it via the lease because it's available via the government program. You're taking a risk by waiting, but on the other hand, do you really want a car that you don't absolutely love? Will you resent the car because it doesn't have what you really want? I think I would. Good luck!
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      Yesterday, 04:04 PM   #4
Maverick241
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Quote:
Originally Posted by MidnightMarauder View Post
Does anyone else here in the US have an i5 on order and planning to lease? Are you getting nervous about the credit going away?

We placed our i5 order back in Aug, and slated for production 3rd week of January. So I expect it to be finished around March or April. We leased to take advantage of the $7500 lease credit.

However, everyone expects the new administration to eliminate that loophole. But nobody knows how quickly it could happen. I didn't ask my salesman, but I assume I won't get that credit if the government eliminates it before I get the car. Would you agree?

So I'm debating if I should cancel the pre-order and try to buy an inventory model now. The major downside is that I wouldn't get the options I want. Back in the summer, my dealer wasn't able to find an e40 with Bowers sound and Luxury seating.
EV tax credits are part of the IRA. It will likely have to be repealed through an act of congress which he can eventually do as he has all 3 chambers. But it won’t be an overnight thing. You will be fine
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      Yesterday, 04:11 PM   #5
Maverick241
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Quote:
Originally Posted by Scrapula View Post
It’s really hard to say what will happen. If Trump enacts half the things he says, the country is doomed. California provides 1/3 of all vegetables for the US and 3/4 of all fruits and nuts. Migrant workers are 80% of the agricultural work force. Deportation isn’t going to work. I think they will be too tied up thinking their way out of that one to worry about EVs.
It’s called temp agricultural visas if needed. It’s really not that hard
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      Yesterday, 07:22 PM   #6
jcracken
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Quote:
Originally Posted by Maverick241 View Post
EV tax credits are part of the IRA. It will likely have to be repealed through an act of congress which he can eventually do as he has all 3 chambers. But it won’t be an overnight thing. You will be fine
With the House majority at under 10 he will struggle to put together the votes there to get it done. Even the Senate is wishy washy since Murkowski and every Dem would oppose it--he'd need to keep any other defections under 3, and Collins, McCormick, and either NC Senator would be under pressure to keep IRA alive.
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      Yesterday, 08:33 PM   #7
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Originally Posted by Maverick241 View Post
It’s called temp agricultural visas if needed. It’s really not that hard
Wouldn’t you love to see the source of that 80% claim lol!!!

What did California do before the floodgates were opened and what will they do next!?!?
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      Today, 06:14 AM   #8
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Originally Posted by Mattl0806 View Post
Wouldn’t you love to see the source of that 80% claim lol!!!

What did California do before the floodgates were opened and what will they do next!?!?
You're not allowed to ask that question. LOL
No matter what 45-47 says MSM makes stuff up. It worked well for them on election day.
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      Today, 07:08 AM   #9
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Quote:
Originally Posted by jcracken View Post
With the House majority at under 10 he will struggle to put together the votes there to get it done. Even the Senate is wishy washy since Murkowski and every Dem would oppose it--he'd need to keep any other defections under 3, and Collins, McCormick, and either NC Senator would be under pressure to keep IRA alive.
The senate will vote however he wants. Romney is gone, and Murkowski and Collins votes are nullified. Historically all the rest pretty much were a rubber stamp. The house may be a little more tricky, but he’s not going to just outright repeal the IRA (nor does he need to) he can gut any part they don’t like by just repealing individual parts (like the tax credit). Which is exactly what he did to repeal the individual mandate over the ACA. And let’s face facts no one in the GOP is going to tank a broad reconciliation bill filled with policy priorities over repealing an EV tax credit. I’m not for getting rid of it at all, but I think it’s as good as gone.
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      Today, 12:03 PM   #10
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Quote:
Originally Posted by Mattl0806 View Post
Wouldn’t you love to see the source of that 80% claim lol!!!

What did California do before the floodgates were opened and what will they do next!?!?
Here you go.
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      Today, 12:38 PM   #11
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Originally Posted by Scrapula View Post
Here you go.
I’m sorry but saying 90% of the workers are from Mexico is very different than saying they are all illegal migrants and deportation will not be possible bc of this.


Edit - you didn’t say illegal you just said migrant - but if they are legal then deportation won’t be a problem. So I made an assumption for you.

Last edited by Mattl0806; Today at 12:40 PM..
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      Today, 12:43 PM   #12
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Quote:
Originally Posted by Mattl0806 View Post
I’m sorry but saying 90% of the workers are from Mexico is very different than saying they are all illegal migrants and deportation will not be possible bc of this.


Edit - you didn’t say illegal you just said migrant - but if they are legal then deportation won’t be a problem. So I made an assumption for you.
Yes, I said migrant. Here is data from a farm worker organization. I’m not sure how accurate it is, though.
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      Today, 02:21 PM   #13
Maverick241
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Quote:
Originally Posted by Mattl0806 View Post
I’m sorry but saying 90% of the workers are from Mexico is very different than saying they are all illegal migrants and deportation will not be possible bc of this.


Edit - you didn’t say illegal you just said migrant - but if they are legal then deportation won’t be a problem. So I made an assumption for you.
Exactly legal farm workers won't be affected. And who knows how true that "farm workers" advocacy group stat he posted is. And as I said if it did become a problem and there was a farm worker shortage (something the jury is out on) there are simple solutions to fix it and make vetted workers legal. The best way forward is automation and to not have to use mass amounts of farm workers at all.
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