I need advice on leasing a BMW PHEV. Does the EV tax credit count towards the incentive? Anyone else who leased a BMW PHEV who can share some insight on the lease deal?
MSRP - 54,xxx
Sale price - what % off is the norm for PHEV?
Residual - what is the residual % for BMW PHEV
Incentive - EV credit, Lease cash, Loyalty etc.
Leases never get the ev tax credit. Some banks will pass on an equivalent amount incentive, some do not (BMW usually does not).
Having current, accurate information for residual value, money factor, and incentives is important in understanding your deal. As such, going directly to a source that has access to that data from the captive banks is your best option. The forums at Edmunds are where we go to get that information, as they have direct access to it from the captive banks. You’ll want to post in the model specific thread for the vehicle you’re interested in and request the most current numbers for your zip code. It is often easiest to find that thread by searching Google for “Edmunds lease” followed by the model of vehicle you’re interested in.
Alternately, you can try the Lease Program Query tool on the Leasehackr Calculator, available to Super Supporters.
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