I just had crazy thought, if it were possible that for the new 2021 330e, bmw passes the $5800 tax rebate, along with ny $2000 rebate assuming its a NY dealer, plus loyalty and lease cash, we could be looking at more or less $10k in incentives which could make a KILLER deal. I just ran some hypothetical numbers and assuming the best, getting a 53k 330e could be under 300 sign and drive
What are your thoughts on its possibilities based on bmw’s history?
You forgot Costco lol.
Toss in USAA/PenFed, OL, BMWCCA, state rebates, and power company rebates… now we’re talking lol
If anything the history tells that BMWFS almost never passes federal tax credit unless it’s an i.
But ‘‘unfortunate’’ state like Texas did get killer deals via OC. There were $100 330e and $200 530e factoring in both federal and state incentives.
Yep bmws going for less than toyotas…
I’ve been tracking the value of my 2018 330e, which I got for about $75/mo last year through the Texas Owner’s Choice, a deep discount, and huge BMW incentives. It was a $50k msrp car when new and now has a trade-in value around $26k. That is almost 50% depreciation since hitting lots, which is probably close to three years.
Assuming the same depreciation on a 2021 330e, you could buy one at $50k msrp with a 10% discount (one broker on here is offering that on builds). With the $5600 tax rebate, PenFed and loyalty (I think these stack on a purchase), you’d have a pre-tax and fees price of around $35k. Keeping it for three years and assuming 50% depreciation like the 2018, you’d be right at $10k in total payments (assuming all cash, no interest), which is a $278/mo payment. Of course, taxes will be on the entire sales price, so would add $100+ to that.
Until BMW is trying to get rid of them (which assumes they didn’t learn their lesson on the 2018 and cut production), I think that is about the best scheme to get a low total cost of ownership.
good detailed explanation
I thought about this too, When do you think this’ll start happening? 330e inventory is hard to get now but assuming within the next few months they’ll be coming in?
The bmw with the mostest incentives would be the one that looks like an i3, has a diesel like 328d and is as pointless as an i8.
Don’t mean to burst your bubble, but the chances of this happening (in New York at least) are slim to none when using the 530e (G30) as a precedent. On that model, BMW has not offered any portion of the federal tax credit during the 2020 model year, leaving me hesitant to predict that they would do so on the brand-new generation of plug-in hybrids. Furthermore, the NYSERDA rebate would only come out to $1,100 on the 330e xDrive (G20) due to its 20-mile range—plus, most dealers end up bundling that point-of-sale incentive into their MSRP discount anyways, rendering it near-useless. I suspect the only incentives that the 330e could benefit from in the near future would continue to match those of the 330i anyways, with the higher MSRP of the hybrid model rendering this result anything but advantageous.
PJ
Cute dream
Moving this discussion to off-ramp. A purely hypothetical (and which will never happen) discussion is not an appropriate “Ask the hackrs” discussion.
Lol how did you go from shopping a Sonata to a 330e?
Yes it pisses me off that BMW won’t pass on that rebate on leases. Not sure what their angle is. But one can get that if you purchase (and take a blood bath on the RV 3 years later).
I got the full $4000 tax credit on my MY2018 330e. Unlikely for current BMW PHEV though.
My 330e was in the shop for one whole month, I personally will balk at buying. I definitely prefer leasing and I got a 530e as a loaner for a month.
Except for sales tax and RV predictability, whats the major difference between leasing and owning for first 3 years.
The same difference as the first three years of dating and first three years of marriage.
If you think BMW is going to pass along the hybrid rebates, I have a bridge to sell you.
But in all seriousness, I have been told from our BMW rep that they won’t be passing along the rebates because they are using them to keep the MSRP from skyrocketing like you see in a lot of other hybrids in other brands.
Lol, this is exactly right! The upfront costs (sales tax is higher) and the value of a 3 year old used car might be a lot lower than a fixed residual set by bmw financial.
It is well known that bmws lease well because they tend to have higher residuals than audi and merc, i highly down used bmws are any significantly more valuable than used mercs and audis.
I once hacked an incredible deal in late december on a 328i xdrive loaner (lease hacker score would have been like 13, no loyalty). I didn’t qualify for the lease because of credit issues despite having substantial assets, so I purchased the car on 12/31 at ~25% off msrp, drove until warranty of 4 years and 50k miles was nearly up and then tried to sell to dealers, tried to trade in for a new lease, all of which yielded very poor offers on the car. In the end sold to private party at about 38% of msrp. Between the full sales taxes, the tying up of capital in a car and hassle of trying to sell the vehicle at a reasonable price, I decided I would always lease when mileage needs permit.
How do they justify “selling” the car without inflating the MSRP? Typically e models MSRP is similar to i models for example. THe buyer in this case gets the rebate while BMW gets nothing