BMW’s 2024 electric vehicles (EVs) are now eligible for federal incentives ranging from $5,000 to $7,500 in the United States through April.
Through the end of April, all 2024 BMW i4 and i5 electric sedans qualify for a $5,000 rebate, according to CarsDirect’s reports. The 2024 BMW i7 sedan and iX SUV now offer a $7,500 buy incentive.
You receive the acquisition incentive either through a mortgage credit score when financing your purchase via BMW Financial Services or as a “non-FS credit,” applicable for cash purchases, including those financed elsewhere.
As well as, existing and previous BMW owners or lessees are eligible to receive discounts of $1,000 on the i4, $1,500 on the i5, and $3,000 on the i7 from BMW.
Despite this, leasing remains a straightforward means of securing an unbeatable deal on BMW electric vehicles. Luxurious automaker offers a $7,500 lease incentive on its i4 and i5 models, while the i7 and iX come with a more substantial $9,900 discount. If you meet the requirements for the loyalty discount, this could translate to a significant saving of nearly $13,000 on the last two models.
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