10-07-2020, 01:54 AM | #23 | |
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I also took the insurance via them but they did require a tracking system to be installed but I don't mind about that.
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10-07-2020, 05:51 AM | #24 |
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Tracking system? Interesting! Is this some kind of GPS tracking in case the vehicle is stolen? Doesn't X5 have that built in already?
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10-07-2020, 06:01 AM | #25 | |
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If you mean the location that is shown in the CD app, that is not live data but the last location at the moment your vehicle last reported its status (it does this when opening/closing the car).
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10-07-2020, 06:12 AM | #26 | |
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10-07-2020, 06:47 AM | #27 | |
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I'm not sure if they accept the location functionality from the BMW app. |
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10-07-2020, 06:56 AM | #28 | |
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It cannot be used in case of theft as it is not the current location so I don't think they will accept it. It is also not TT3 certified as requested by my insurance.
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10-07-2020, 07:04 AM | #29 |
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That is crazy depreciation for us here in the US. If you look at used X5 prices or check KBB (a credible source for used car appraisals) a 2018 40e has depreciated less than 50% and I expect the 45e to hold its value better because it has the same engine as the gas model while the 40e had the 4 cylinder vs the straight six in the 35i.
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10-07-2020, 07:32 AM | #30 |
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This is not accurate. The lessor i.e BMW FS can file for the tax rebate not the dealer and so far BMW FS has chosen not to offer a lease cash to the customer for the amount of tax credit. So the dealer would not be shady if they do not offer an additional $7500 discount on a 45e lease.
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10-07-2020, 07:57 AM | #31 |
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I think today's PHEVs will hold their value fairly well for the next few years. They are a good compromise for those of us who aren't ready to commit to a full EV. Unless there is a major battery technology breakthrough, EVs will continue to sit in the mid 200 - 300 mile range and PHEVs will retain their appeal.
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10-07-2020, 08:10 AM | #32 | |
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10-07-2020, 08:11 AM | #33 | |
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When the previous 40e model was new, it was very popular but since the fiscal policy changed you have to give them away nearly for free or remain stuck with it as tax deduction is not possible anymore on a model with such a small battery. In 2026 they will force every company car to be electric rendering 5-6 year old 45e's useless for the second hand market.
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10-07-2020, 09:17 AM | #34 |
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Yes, I am saying the same thing. Only the lessor i.e BMW FS can claim the tax credit not to the lessee i.e the customer. The dealer has no right to claim any tax credit since they are not the lessor thus it would not be shady of the dealer if they are not offering an additional $7500 discount as you stated in your original post. If BMW had offered a $7500 lease credit because of the tax credit they are eligible to and the dealer did not pass that onto the customer somehow that would be shady but currently BMW is only offering a $500 lease incentive.
Last edited by moodyhank82; 10-07-2020 at 09:24 AM.. |
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10-07-2020, 09:32 AM | #35 | |
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10-07-2020, 10:21 PM | #36 |
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I do not know what systems are installed in other markets, but the US version of alarm system and security in their vehicles can get the real-time gps location of the vehicle if it is reported stolen.
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11-08-2020, 09:57 AM | #37 | |
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11-08-2020, 08:15 PM | #38 |
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A bit of a loophole, if you are in a Owners Choice state you can claim the full tax credit and BMWFS programs are the exact same. Zero reason to go 40i in an Owners Choice state in my opinion.
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11-08-2020, 08:45 PM | #39 |
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11-08-2020, 08:51 PM | #40 | |
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11-09-2020, 04:11 AM | #41 | |
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A bit outdated, and doesn't factor in the $7,500 rebate, but does bring fair perspective. https://cartelligent.com/blog/buy-vs-lease-bmw-x5/ I also do like the 3 years of free maintenance, which never expires on a repeating lease. |
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11-09-2020, 07:35 AM | #42 | |
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"Select is a balloon finance contract, you own the cehicle, the title is in your name, and there is no mileage component. A 5yr select will have a similar monthly to a 3yr lease. The balloon is based on the residual of a 60mo 15k mi lease, but IIRC, you can also choose a lower residual. The balloon is what it is regardless of your mileage or market value. If you have to finance the balloon at the end, you may want to reconsider - 3yr loan on top of a 5yr Select." - You are purchasing the vehicle, but part of the purchase balance is added to the end of the contract as a final balloon payment amount. - This helps to lower your monthly payments throughout the contract's set term, which gives you the short-term cost benefits of a lease as well as the peace of mind and security of vehicle ownership. - When the contract is up, you have a flexible end of term options: you are able to refinance the final payment, or you can pay off the car if you prefer. - The final balloon payment amount is determined by looking at a couple of factors, such as the estimated future market value of a financed vehicle, creditworthiness, and the specific terms of the contract. - BMW Select is not available in all states. IL, NC, ND, NH, NV, PA, TX and WV do not offer this financing method to drivers.
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11-09-2020, 09:04 AM | #43 | |
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11-12-2020, 09:34 PM | #44 | |
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