2018 BMW 530e tax credit just hit!

https://www.irs.gov/businesses/30d-new-qualified-plug-in-electric-drive-motor-vehicles-bmw-of-north-america

1 Like

So will it be like the X5, $3000?

I believe so. For the lease the dealer gets the $4600 and they pass along the $3000 to the leasee.

Good to know dealer is making 1600+ on that deal, can be used in negotiation. They are realy trying to get these x540e s off their lots

I don’t think the dealer gets the extra $1600… BMW Financial Services does AFAIK

1 Like

It is the dealer getting the $1,600 or BMWFS? I thought when you lease the owner is BMWFS. Unless they are kicking some or all of the $1,600 back to the dealer, which is certainly possible, the dealer wouldn’t get a dime of that money.

It all goes to BMWFS, they put heavier incentives on the electric leases though.

My bad. Dealer won’t care then.

Don’t forget - HOV stickers in CA!

https://www.arb.ca.gov/msprog/carpool/carpool.htm

Definitely already on that!! The link for those that are in Maryland is
http://www.mva.maryland.gov/_resources/docs/VR-335.pdf

Didn’t realize that the 530e made the carpool cutoff. Figured it would be like all the other BMW plug-ins and not have enough electric range to make it.

Aaaand it’s also eligible for the CVRP rebate!

Anybody know if you can stack that clean vehicle rebate?

Stack with what? It’s a rebate you apply for after purchasing/leasing, so the dealer/manufacturer has nothing to do with it.

1 Like

Sorry, I didn’t quite follow here. Is this tax credit in addition to the $7500 federal credit or are you talking about the same thing (but a diminished credit now because BMW manufactured 200k EV’s etc.)?

I would have doubled down on the 530e if they made an AWD version.

The CVRP is a CA rebate, if you qualify based on income, and is separate from the $7500 federal EV rebate.

They are offering an X-drive version of the hybrid, if I recall correctly, for the new 5-series.

I do believe there is a xDrive, meaning AWD.

So…
did anyone get a deal doing this yet?