- BMW offers up to $2,500 in credits on select electric models for loyal customers who finance through BMW Financial Services NA, LLC, until July 31st.
- Lease the BMW i4 eDrive35 Gran Coupe for $449 per month for 36 months, or finance it at 2.99% APR for up to 60 months.
- Lease the BMW iX xDrive50 SUV for $749 per month for 36 months with $6,529 due at signing, or finance it at 2.99% APR for up to 60 months.
Looking for a deal on a BMW electric car this summer? You’re in luck! With EV prices finally stabilizing after the highs of 2022, now is a great time to find fantastic offers on electric vehicles, especially from BMW. The market is packed with options, but knowing where to look and what to expect can make all the difference.
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The BMW Electric Summer Sales Event
BMW’s Summer Sales Event is the perfect opportunity to get behind the wheel of a luxury electric vehicle without breaking the bank. From now until July 31st, BMW is offering some enticing incentives on their latest models, including up to $2,500 in credits for select BMW 5 Series and X5 models. These deals are available to loyal customers with excellent credit who finance through BMW Financial Services.
This promotion saves you money and helps you find your dream electric BMW and enjoy summer driving and road trips. Whether you’re interested in the all-electric BMW i4 eDrive35, eDrive40, and xDrive40 Gran Coupe or the luxurious BMW iX xDrive50 SUV, BMW’s electric vehicles are built to impress.
Why Now is the Time to Buy a BMW Electric Car
The automotive industry is facing a unique situation this summer. Electric vehicles are rolling off assembly lines in record numbers, yet demand has started to cool, and Tesla’s sales are declining. This has led manufacturers like BMW to offer targeted incentives instead of broad discounts. For savvy shoppers, this means there are excellent deals to be found, particularly on less flashy models that still deliver top performance and impressive range.
Take the BMW i4 eDrive35 Gran Coupe, for example. With a range of up to 276 miles, an acceleration of 0-60 mph in just 5.8 seconds, and luxurious interior features, this model is a perfect blend of performance and style. And with lease offers starting at $449 per month, it’s an attractive option for anyone looking to make the switch to electric.
It’s worth noting that BMW electric vehicles do not qualify for the $7,500 tax credit under the Inflation Reduction Act (IRA), but with the fantastic offers currently available, you can still find great value and long-term savings.
Financing and Lease Offers
BMW’s financing and lease offers are designed to make their electric vehicles more accessible. For the BMW i4 eDrive35, you can take advantage of a 2.99% APR financing rate for up to 60 months. For example, with $0.00 down payment and 2.99% APR, a retail installment contract on a 2024 BMW i4 eDrive35 with an MSRP of $55,245 can be repaid in 24 monthly installments of $2,374.25 or in 60 monthly installments of $992.43.
The lease payments of $449 per month for 36 months are based on an adjusted capitalized cost of $41,400 (MSRP of $55,245, including destination and handling fee of $995, less $3,495 capitalized cost reduction, $0 security deposit, and suggested dealer contribution of $2,850 and $7,500 Lease Credit).
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Similarly, the BMW iX xDrive50, a fully electric luxury SUV, is available with lease payments starting at $749 per month for 36 months with $6,529 due at signing. For example, with $0.00 down payment and 2.99% APR, a retail installment contract on a 2025 BMW iX xDrive50 with an MSRP of $90,925 can be repaid in 24 monthly installments of $3,907.66 or in 60 monthly installments of $1,633.40. This makes it easier to manage your budget while enjoying the benefits of an electric vehicle.
These offers come with the added benefit of BMW’s comprehensive warranty and maintenance packages, ensuring that your investment is protected. The BMW Ultimate Care package includes a 4-year/50,000-mile New Vehicle Limited Warranty, an 8-year/100,000-mile High-Voltage Battery Warranty, and more.
Driving a BMW All-Electric Vehicle
Driving a BMW electric car is an experience. The BMW iX xDrive50, with its dual all-electric motors producing 516 hp and 564 lb-ft of torque, offers a driving experience that’s both exhilarating and environmentally friendly. The model’s advanced features, like the Intelligent Personal Assistant and multiple energy recuperation modes, make every drive intuitive and efficient.
The BMW i4 eDrive35 Gran Coupe, on the other hand, combines stylish design with extraordinary performance. Its automatic single-speed transmission and adaptive handling ensure a smooth, responsive drive. The interior is equally impressive, featuring a spacious cabin with high-end materials and state-of-the-art technology.
Making the Switch
Switching to a BMW electric vehicle is a lifestyle upgrade. These vehicles are equipped with advanced technology, luxurious interiors, and performance that rivals their gas-powered counterparts. Plus, with BMW’s current offers, making the switch has never been more affordable.
Whether you’re eyeing the BMW i4 electric or the all-electric BMW iX SUV, the current market conditions and BMW’s targeted incentives make this summer the ideal time to make the switch to an electric BMW.
Visit your nearest BMW Center to check out these summer deals and find the perfect BMW electric car for you.
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IMAGES: BMW, ELECTRIFY EXPO
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