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      10-30-2007, 04:16 PM   #11
HERR FSTIR
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Drives: VO 1M, E92 335x, E61 530x
Join Date: Sep 2007
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Quote:
Originally Posted by PAMidge View Post
No big benefits.

You need to spend $5,000,000 (minimum) to get the $5000 maximum deduction on your next BMW purchase, and your points expire after 7 years.


So, unless you make enough money that you don't need the $5000, or you're putting your business expenses on your card, you can kiss that $5000 off your next BMW goodbye.


I received an email about this from BMWFS and it sounds like this refers only to lease/loan for a new car, but not buying outright, so it's not quite the deal one would hope for since you will incur interest fees and so forth. I wonder if they would penalize you if you took out the loan, got the 5K discount, then paid it off soon thereafter.
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