BMW's $4,500 "Eco Credit" Designed to Match Cash for Clunkers

With car shoppers expected to flock to dealership lots to claim the government's "Cash for Clunkers" credit, BMW has created an incentive of its own -- a $4,500 "Eco Credit" for its two new diesels, the 2009 335d and the X5 xDrive 35d.

BMW's Eco Credit is in addition to the "Cash for Clunkers" credit so a car shopper could be looking at the 335d would get a price reduction of $9,000. (Since the X5 has a base MSRP of over $45,000, it doesn't qualify for the Cash for Clunkers credit.)

Additionally, the 335d qualifies for a $900 alternative fuels tax credit and the X5 XDrive35d qualifies for a $1,800 credit. Finally, the sales tax on both cars is also tax deductible.

With Cash for Clunkers rolling out today, many manufacturers are viewing this as a chance to boost lagging sales. Some carmakers, such as BMW, are doubling the government's credit.

Posted by

Philip Reed July 24, 2009, 8:00 AM

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