The payment difference with $0 acq and .0005 higher MF should be $36. $925/$36 = 25.7 months break even. I just double checked my math and I’m pretty sure this is right.
Good job
You did better than broker offering of lower discount %
And the broker fee
So you’re already ahead by 1k ish savings
Possibly but only because I have done a lot of business with this particular dealer over the past 19 years. If you’re not in the same situation, using a broker is the way to go.
When I first joined LH a few years ago, I was skeptical of the value of using a broker given my personal knowledge and experience with leasing. However, I am now a firm believer of using a broker in many, if not most, instances. The time savings and avoidance of frustration alone is worth the fee. And you will probably end up with as good of a deal or better than if you had invested weeks searching on your own. IMHO.
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But what what about the loss of the self flagellation, extreme frustration, and feeling like its Groundhog Day over and over? That has to have some value.
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Haha. No kidding.
Sold my 12 month old Sahara for $700 equity. My wife’s HA has more.
Edit. I had 5k+ equity a few months into the lease but had to hold it as there weren’t other deals or vehicles I wanted at the time.
The last few years have been an anomaly. Everyone has rolled a lot of equity but soon we’ll all just be stuck with expensive leases we’ll need to take to the full term.
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If you sell/end your electric car lease early, will you have to pay back the 7500 rebate from the federal government?
The short answer is no. The longer answer is:
- If you buy a vehicle without the intent to sell the vehicle, then you do not have to pay back the tax credit even if you decide to sell it.
- In my scenario, I leased the vehicle and BMWFS is getting the tax credit. They are choosing to pass through the tax credit in the form of a rebate but there are no conditions tied to the rebate.
My understanding is some state tax credits do have clawback provisions but I am not familiar with them.
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What was your adjusted cap cost ? Wondering if bmw gives the $7500 upfront ?
The struggle in itself is the reward
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how do you like it?
Honestly, as sick and sadistic as this thought is, it is actually true. Despite the idiocy of my approach, I do generally get more satisfaction from a self-made deal versus taking one that someone else found.
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He didnt receive a rebate from the federal government.
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Samesies
Xxx
How many miles ?
Did you look at the original thread?
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Drives like a BMW sedan (which is a good thing). I previously had an i4 e40 and was concerned the e35 would be noticeably slower. I didn’t drive them back to back but the e35 feels just as quick as I remember the e40. I think you’re really just sacrificing range.
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To the best of my knowledge, the i4 does not qualify for the $7500 federal tax credit in 2023 (nor do leased vehicles is my understanding). Would LOVE to hear this is not the case. And for someone to explain if I am mistaken. Thanks tons
Pretty much everything electric qualifies for the section 45 tax credit on a lease; that is, the lessor gets a tax credit and then may or may not pass on an equivalent incentive. BMW does pass it on with the i4.
As far as a purchase, it does not qualify for the section 30 tax credit that goes to the consumer.
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