2021 X5 45e Lease

NYSNYS Member Posts: 3
edited June 2020 in BMW
Hi,

I have a few questions and would greatly appreciate if anyone has insight into them:

1) Is there any information yet on MF and Residual for the new X5 45e? Looking at 36/12, zip 10707 NY.

2) Also are there any lease credits like lease cash/conquest?

3) would the federal and state (500 in NY) tax credits for plug in vehicles apply to a lease? Like dealer gets this and passes on to customer as lease credit for example.

Best Answers

  • kyfdxkyfdx Moderator Posts: 207,889
    Answer ✓
    NYS said:

    Hi,

    I have a few questions and would greatly appreciate if anyone has insight into them:

    1) Is there any information yet on MF and Residual for the new X5 45e? Looking at 36/12, zip 10707 NY.

    2) Also are there any lease credits like lease cash/conquest?

    3) would the federal and state (500 in NY) tax credits for plug in vehicles apply to a lease? Like dealer gets this and passes on to customer as lease credit for example.

    No numbers for the 2021 X5, yet.

    In the past, NYS credits are applied by the dealer at lease inception, regardless of lease or purchase. No info on if that is still the case.

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Answers

  • NYSNYS Member Posts: 3
    edited June 2020
    Thank you for your response!

    Since I see others asking in another thread, any idea approximately when BMW normally releases following year MFs/incentives/residuals? Like when this year would you guess programs to be released for 2021 models?
  • JDTCMJDTCM PittsburghMember Posts: 5
    Interested in purchasing a 2021 X5 xDrive 45e. I'm a current BMW owner in PA 15317. Do you know if there are there any cash incentives available at this time on this new model?
  • kyfdxkyfdx Moderator Posts: 207,889
    JDTCM said:

    Interested in purchasing a 2021 X5 xDrive 45e. I'm a current BMW owner in PA 15317. Do you know if there are there any cash incentives available at this time on this new model?

    Sorry, no info on this model, yet.

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  • poorfool97poorfool97 MassachusettsMember Posts: 1
    My local dealer has indicated that BMW Financial will be keeping the $7500 federal tax credit when leasing the 2021 X5 45e, versus including this as a credit - which is different than other electric/hybrid models in the BMW lineup. Any insight would be greatly appreciated!
  • MayorThisMayorThis SyracuseMember Posts: 5
    That would not make much sense in my mind, but if they think there's enough demand that they can get away with that tomfoolery, they'll try it for a while to make more money. When they get over that nonsense maybe they'll get my business. Hopefully they'll release a program for them for August and we'll know what the official line is.
  • MichaellMichaell ColoradoModerator Posts: 206,312

    My local dealer has indicated that BMW Financial will be keeping the $7500 federal tax credit when leasing the 2021 X5 45e, versus including this as a credit - which is different than other electric/hybrid models in the BMW lineup. Any insight would be greatly appreciated!

    When you lease a car that qualifies for the federal tax credit - EV, PHEV, whatever - the lessee does not get the tax credit; the bank that funds the lease does.

    Sometimes, that credit is passed along to the customer in the form of an incentive (like Audi does with the e-Tron, or BMW with the i3). Sometimes, it's reflected in a higher residual value. But, it's solely at the manufacturers discretion.

    As noted, you have the option of voting with your wallet.

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  • NYSNYS Member Posts: 3
    Any update in august on incentives / lease program for 2021 x5 45e (36/12, zip 10707 NY)
  • MichaellMichaell ColoradoModerator Posts: 206,312
    NYS said:

    Any update in august on incentives / lease program for 2021 x5 45e (36/12, zip 10707 NY)

    .00099 and 54%
    No incentives

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