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#1
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BMW response to the diesel tax credit for 10 X5
Response: Thank you for contacting BMW of North America, LLC regarding your vehicle's tax credit eligibility. We appreciate your interest and enthusiasm for our vehicles and are happy to answer your inquiry. The sales team at your authorized BMW center is in the best position to address your questions. Our sales representatives are trained to be aware of any special discounts, rebates, or offers available to our customers. Should you need it, a list of our authorized BMW centers can be found on our website, www.bmwusa.com, under "Locate a Dealer." If you have any further questions, please respond to this e-mail or contact the Customer Relations and Services Department at 1-800-831-1117, Monday through Friday from 9:00 A.M. to 9:00 P.M., Eastern Standard Time. Again, thank you for contacting BMW. Sincerely, |
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#2
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I had posed the same question last week and was advised to keep checking the IRS web site.
In one place on the BMWUSA web site it still states(or did three weeks ago) $1800 credit.
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Current - 2010 X5 35d Retired - 2008 X5 3.0 Retired - 2007 X5 3.0 Retired - 2006 325 3.0 |
#3
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It started out at $1,800 in the first half of the year, but then switched to $900 in the later half. That is my understanding, at least, from the tax literature I've been able to locate.
I could be wrong, but I'm 99.9% sure it's $900.00 if you purchased after the middle part of the year. It's a similar system with most hybrid and other eco-credits. Usually you only get the full benefit if you purchase early in the year. Depending on your tax rate: an $1,800 deduction could be akin to giving you $900.00+ a $900.00 deduction would be akin to giving you a $450.00+ sum of money Either way, it's a small credit and not the end of the world. |
#4
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(2) The reduction happens based on the number of vehicles sold. BMW is far, far, far away from selling enough diesels for the tax credit deduction to kick-in yet. If it has been reduced from $1,800 to $900, it is not due to time or sales volume. |
#5
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My guess is the $1800 remains in effect for the 2010 X5 35d.
Here is what Mercedes website says about the credit for their diesel models. Notice they mention the year of purchase, not the model year (neither Mercedes or BMW are close to 60,000 sales). Also note that Audi and VW cars have renewed for 2010 at the same rates as the 2009 models. "Beginning after 12/31/08, taxpayers affected by the Alternative Minimum Tax (AMT) will be eligible for the full Alternative Motor Vehicle Tax Credit (30B). Currently three Mercedes-Benz BlueTEC vehicles qualify for the 30B credit: ML350 ($900), R350 ($1550), and the GL350 ($1800). Therefore, if you buy one of these vehicles in 2009 the government will subsidize the purchase through the credit regardless of income level. Please check with your tax advisor for details." |
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#8
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#9
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My guess is that until it is listed on this IRS website there is no tax credit for the 2010's. Hopefully it will be listed there before April 15th.
2010 Advanced Lean-Burn Vehicles There is a $1800 tax credit listed for 2009's in this IRS website. 2009 Advanced Lean-Burn Vehicles There is more information here. The tax credit begins to phase out after BMW sells 60,000 of the vehicles. They are no where near that. Qualified Advanced Lean-Burn Technology Vehicles Chuck |
#10
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BMW has not yet been able to obtain an IRS certification for the 2010...so we don't know what the amount will be. Initially it was held up due to the lagging CA certification.
It turns out the CA cert was "conditional" and BMW has been paying a fine for every diesel sold under the conditional approval... perhaps they must actually CLEAR the conditional before they can apply for the 2010 IRS program? Rest assured that there are only a few people in BMW that know the reason, and none of these are in sales nor at a dealership. A |
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