| |  | BMW USA Starts Their Own "Eco Credits" Program | |
31 Jul, 2009 - 4:14 PM door JoshCalkins | 2009 X5 xDrive35d With the U.S. government's Cash For Clunkers program getting into gear, BMW is looking to get in on the fuel-conscious buyers action. The German automaker currently offers two clean diesel models in the U.S., the 335d and X5 xDrive35d. The diesel X5 doesn't qualify for the Cash For Clunkers program (it's base price is over $45,000, which disqualifies it), but BMW will still offer a $4,500 "Eco Credit" to buyers out of their own pocket. Also the X5 diesel qualifies for a $1800 tax credit (not part of the Cash For Clunkers program), so total savings amount to $6,300, over 10% off the car's $52,025 (with destination charge) base price. 2009 BMW 335d But the 335d is where the real savings are happening. The car has a base price of $44,725 (with destination charge), meaning it qualifies for the Cash For Clunkers program (barely), so buyers can get the $4,500 from the federal government. BMW will also provide their own $4,500 incentive, and there's a $900 tax credit. That amounts to a total savings of a $9,900, putting the quality 3-Series diesel into the reach of many who had previously been unable to afford a BMW.
While diesel models generally have a higher initial price premium than gasoline-driven vehicles, these rebates definitely help to cut that down. With the "Eco Credit," the X5 diesel costs pretty much the same as the X5 xDrive30i, and the combined federal, tax, and BMW rebates on the 335d brings the price to about $5,000 BELOW the 335i. These "Eco Credits" expire at the end of August, so if you've been considering picking up a diesel Bimmer, there's never been a better time. |
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