BMW is aiming to maintain its strong electric vehicle (EV) sales momentum with significant purchase and lease incentives on its 2024 i4, i5, i7, and iX models. This comes after the German automaker saw a 61% increase in EV sales in Q1 2024 compared to the same period last year.
Buyers can save up to $10,500 on a new BMW EV. The incentives include:
- $5,000 purchase credit for the i4 and i5 (available through BMW Financial Services or as a cash discount)
- $7,500 purchase credit for the i7 and iX
- Loyalty discounts of $1,000 (i4), $1,500 (i5), and $3,000 (i7) for current or former BMW owners/lessees
West Coast residents trading in another EV can receive an additional $1,000 conquest bonus.
For those who prefer leasing, BMW offers:
- $7,500 lease credit on the i4 and i5
- $9,900 lease credit on the i7 and iX
Combining the lease credit with the loyalty discount can result in savings of up to $12,900 on the i7.
“These incentives make BMW’s electric vehicles even more attractive to a wider range of buyers,” said a BMW spokesperson. “With significant savings on both purchase and lease options, there’s never been a better time to go electric with BMW.”
The incentives are valid until April 30, 2024. It’s important to note that dealer participation may vary and some restrictions may apply. For more details, visit your local BMW dealership.