When a dealers puts an EV loaner vehicle into service do they claim the $7,500 EV tax credit effectively lowering their cost on the car by that amount?
If the vehicle doesn’t usually qualify for the credit due to the new battery souring requirements (e.g. BMWs), does being a loaner vehicles qualify for the commercial vehicle loophole which also makes the credit available on leases?
Does BMW typically reduce the amount of the EV tax credit from lease cash for loaner vehicles?
Did you buy it ‘new or used’, that’s the difference.
A used loaner vehicle that has been previously registered.
Then , yes they claimed the $7500.
But as with the rebate, they are under no obligation to lower the price by $7500.
If it was a New Loaner Vehicle (Under 5000 miles?) then BMW would offer you the $7500. (I believe BMW still gives it on the XXXe and IX and I4 and I8 right?)
I asked a question about this earlier today as the language for the $7500 is a bit confusing.
Its says not applicable to retired service loaners or company cars, but only on cars with up to 15k miles. Wouldn’t the only cars that have miles be loaners or company cars?
IIRC in some states demos didn’t have to be registered if they were on a D tag, but most dealers stopped giving their staff demos long, long ago.
Gotcha - so for all intents and purposes, the $7500 will only apply if the car is new.
Where is the $5900 lease cash on loaners I’ve seen referenced? It doesn’t show up in the calc.
Isn’t that a dealer discount for the miles on the car basically?
No - my understanding is there’s an additional $5900 lease cash only available to loaners. I’ve seen it referenced in a few other BMW EV threads. Not sure if it’s just for the IX, or all the BMW EV’s.
The dealer discount for loaners should be pre-incentive, aiming for 20% on some models where possible.
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