Thanks for sharing!
Would you mind to share what OL code did you use? I registered for the Golden State Worriers event and test drove but the dealer doesn’t know how to get this code for me.
So with the 530e, you don’t get the federal credit of $4668? If you buy a BMW can you utilize all the loyalty and other incentives or are they lease specific? Seems like getting a good discount on a loaner and using incentives and buying to get the $4668 seems like a good option also.
I’ve been in the market for 530e for a few months and finally pulled the trigger today!
Thanks for all the help from the hackers here!
2018 530e loaner wirh 2,800 miles on it.
MSRP $55,845
Selling Price $45,975
Term (Months & Miles): 36mon/10K
Residual (% and/or $ value): 61%
Money Factor: I think it’s marked up based on the calc…
Rebates $1000 lease credit + $2000 loyalty= 3K
$0 Down, $0 Due at Signing
Monthly Payment $499 inlcuding 9.75% tax for CA County
At the dealer, I was talking to sales and Finance guy to use 0.00182 but they probably ended up using marked up MF and lower the selling price. I think this is my miss!!!
But overall, I love the car!
OK, found the answer, I think. See below copied from CVRP website. Looks like as long as the loaner is “new” and is below 7,500 miles, it qualifies for the rebate.
Leads me to another question. Is a loaner considered “new” when it is sold to a customer?
Vehicle Eligibility
Eligible vehicles must meet requirements that include, but are not limited to, the following.
Be new as defined in the California Vehicle Code (CVC) Section 430 and manufactured by the original equipment manufacturer (OEM) or its authorized licensee. Vehicles considered new vehicles solely for determination of compliance with state emissions standards are not eligible.
Be registered as new in California. Vehicles may not be purchased or leased out of state.
Have an odometer reading below 7,500 miles at the time of purchase or lease.
Hi!
I called CCA at that time and confirmed.
For the loaners less then 1k miles are eligible but over 1k is not eligible… so I was not able to apply.
Most of the loaners are over 1k… sad!