Quote:
Originally Posted by PAMidge
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.
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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.