I'm getting ready to surrender my vehicle as part of lemoning my 2012 X5 35D. With the current incentive, I'm looking at ordering another X5. Here's my question - On the last car, when I got the ECO credit, they just reduced the capitalized cost on the lease. I'm told that such is NOT the case with the current incentives - $1500 holiday, $500 BMW app, $750 loyalty - that it is "somehow worked/amortized" into the lease payments. I've searched for this but could not find any answers. Leaseguide/ Edmunds also have a section on their calculators where you insert credits vs. cap cost reductions. From older research, I thought that all these just reduced the cap cost. For example, I want a X5 35i with MSRP of 62395. At 500 over invoice + MACO+ad fee = 58500 before credits. After credits (1500 + 750 + 500) I get to a number of 55750. I'm being told by the dealer that this is NOT the way to do this. Can anyone help? Thanks!