Charge Up Your Savings: BMW Offers Electric Vehicle Rebates

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2024 BMW i5
2024 BMW i5 (Credits: youtube)

If you are thinking about going electric with a shiny new BMW, then buckle up because there are some serious savings to be had on their 2024 electric vehicles until April 30th.

Here’s the breakdown:

  • Big Rebates on Electric Sedans: The i4 and i5 electric sedans come with a sweet $5,000 discount.
  • SUVs Get Even Bigger Savings: If you’re looking for an electric SUV, the iX offers a whopping $7,500 purchase incentive. The i7 sedan gets the same SUV-sized discount.
2024 BMW 5 Series Debuts With Up To 590 HP For Electric i5 M60
2024 BMW 5 Series Debuts With Up To 590 HP For Electric i5 M60 (Credits: BMW)

These savings can be applied in two ways: a loan credit if you finance through BMW or a “cash-back” credit if you’re paying upfront or financing elsewhere.

But there’s more.

If you’re already a BMW fan (owned or leased one before), you can qualify for loyalty discounts on top of the rebates:

  • i4: An extra $1,000 off
  • i5: An additional $1,500 discount
  • i7: A bonus $3,000 off
AC Schnitzer Tuned BMW XM Power and Style (Credits: BMW)

So, with these rebates and loyalty programs, you could be saving a hefty chunk of change on a brand-new electric BMW.  It is time to hit the dealership and see what electric Bimmers await.

While buying gets you the car, leasing might be the smarter way to snag a sweet deal on a new BMW electric vehicle this month. BMW is offering a much bigger discount for leasing electric vehicles compared to buying them. You can get $7,500 off the i4 and i5 lease and an even steeper $9,900 discount on the i7 and iX.

Being a loyal BMW customer comes with extra perks because If you qualify for the loyalty discount on top of the lease deals, you could be looking at a whopping near-$13,000 saving on the i7 and iX!

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By Sajda

Sajda is a car enthusiast, however, she is more focused on motorbikes.

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