Buy Now or Wait for 2024

  • Thread starter Thread starter BackPack
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insightman said:
I hope your MA is staying on the case for Island Blue. Assuming Island Blue actually is a color option, it's hard to understand why the configuator is so difficult to update. Then, again, so much about MINI's operations is inscrutable.
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He is on it. Texted me last week that they are updating the JCW configurator and SE should be next according to his zone rep.
 
I gotta get me some popcorn for this thread. I see some serious bench racing in its future. :D

For the straight line folks:
Power to weight
Aerodynamic drag

Then for the curvy folks
Center of gravity
F/R weight distribution

Etc etc etc

"gentlefolks start your engines" or is it motors?
The green (double entendre intended) flag has dropped.
 
Newkirk said:
The question is, what are you going to do with two amazing cars? How will you decide which one you drive? Will the 911 be for a specific purpose (track, weekend car, etc.), or just however you feel on a given day?
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The 911 will be the weekend fun car. The car we take on long trips. Both my wife and I love to drive and we often take long trips exploring our great country. We now live in CA so there are just unbelievable roads and areas to explore. So it’s the fun car.

The SE will be the daily use car. My wife works from home so it will mostly be used for errands. We’ll also use it as we travel around the San Diego area exploring and visiting new things. My daughter will also use it to drive to her college once classes go back to in person. School is only 5 miles away so it’s perfect for that.

I’m expecting the SE will be a fun car to drive and a nice bridge until the 911 arrives. The other thing I do like is the community surrounding this car. I don’t think I’ll find an EV6 car club, but I already looked and there are several MINI clubs in my area. I enjoy that sense of community. Porsche has the same thing.
 
MmeLeota said:
Welcome Backpack!

I am also new and love this forum! I talked to multiple dealers in California before finding a sales person and dealership that I could work with. Based on your location a quick beware of Escondido Mini, they were marking up $3000 and adding around $2000 in additional fees like low jack... o_O
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Thanks for the heads up. I was looking and MINI of San Diego. Any experience with them? We haven’t talked pricing yet, but I’m not expecting to pay a mark up. Please share your dealer, salesman, and experience. Thanks.
 
Puppethead said:
I believe under current law the credit phases out the quarter following hitting the 200,000 mark, but doesn't immediately disappear. Based on MINI US sales data of under 30,000 cars per year since the SE came to market (assuming data are accurate), it will be a long time before MINI sells 200,000 electric vehicles.
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Might MINI EV sales be lumped with BMW EV sales to determine whether / when the 200K limit hits?
 
Texas22Step said:
Might MINI EV sales be lumped with BMW EV sales to determine whether / when the 200K limit hits?
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@CuriousGeorge in post #31 looked into this: https://www.irs.gov/businesses/30d-manufacturer-faqs#collapseCollapsible1644579266141

If there is a controlled group, then the manufacturer quota will not be separate. You can see the BMW numbers at:
https://www.irs.gov/businesses/irc-30d-plug-in-electric-drive-motor-vehicle-credit-quarterly-sales

This is before i4 & iX deliveries plus all the plug in hybrids.
 
BackPack said:
I really appreciate everyone’s input. That’s what’s great about car forums.

The Mini was the first EV we looked at. With the incentives it makes for a very compelling option. And for what we’ll use the car for, the range really isn’t an issue. This past Saturday my wife and I walked the beach at Coronado, then headed to a mall in La Jolla to return some clothes my daughter ordered, and finally finished with a Costco run. In all we did 65 miles so no range issue. And the whole time I thought how much fun it would be doing this in the Mini.

Once we started looking at EVs, then I started looking at all others in the market including what’s coming soon. Thought being maybe we spend a little more money and get something with more range that we can take longer trips in. This becomes a slippery slope and suddenly you’re looking at cars $20k - $30k more.

I’m leaning more towards ordering the 2023 now knowing that it can fulfill our needs for many years. The next EV in 5 or 6 years can be the one that has long range. The only other problem is convincing my wife to order now. She insists that I don’t buy any other car until the 911 is in the garage. The other issue is I love BRG and she insists on Island Blue….which I do like as well.
Mini of Alexandria 1in stock Island Blue metallic $38000 pic up today
More to come I’m sure.
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BackPack said:
I think many people would like to understand your regrets. Please share.

I did consider a Taycan. But I’m already waiting for my allocation for a 911 (manual of course). The allocation should come through in a few months. Speccing out a Taycan the way I want it puts it close to 911 money and no way I will spend that much on two cars. The 911 has been a dream since I was a little kid so that will definitely happen. It will probably the last manual and last ICE car I buy.

I’ve always liked Minis and I like how the SE looks like a regular Mini Cooper so it’s high on the list to be the first electric. We keep our cars a long time. The Mini would replace my 2004 Accord, or at least that’s what my wife says. It’s hard to get rid of a Honda with only 250,000 miles on it. Lots of life left in it.
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Just get mini SE and experience race car when you still in dinosaur age with 2004 Honda .Porsche is your dream car and take a driving classes in Atlanta before you drive 911 before you heat a pol !,,
 
Rexsio said:
Just get mini SE and experience race car when you still in dinosaur age with 2004 Honda .Porsche is your dream car and take a driving classes in Atlanta before you drive 911 before you heat a pol !,,
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Own 911 /944 and race a cars in EU
 
Puppethead said:
Whoa, if MINI is lumped in with BMW then the 200,000 limit is coming up kind of quickly. And of course there's always the threat of a new law being passed, which could hurt MINI because of the small battery size.
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Yes there is a chance for the BMW quota to be used up during 2022. Vehicle leases do count against the 200,000 quota even though the leasee may or may not get a discount. Add that and the individuals who have claimed the $7,500 credit EACH year.
 
Rexsio said:
Just get mini SE and experience race car when you still in dinosaur age with 2004 Honda .Porsche is your dream car and take a driving classes in Atlanta before you drive 911 before you heat a pol !,,
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Don't need to go to Atlanta if your region of PCA has Driver Education events.
 
teslarati97 said:
Yes there is a chance for the BMW quota to be used up during 2022. Vehicle leases do count against the 200,000 quota even though the leasee may or may not get a discount. Add that and the individuals who have claimed the $7,500 credit EACH year.
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If people can’t buy a cheapest EV on market and they complain about trim they should stick to Gasoline garbage , those EV for people who are ahead of gas cars .Educate yourself before you buy one. Mini SE is a best car for starters to experience bad and good about electric transition to new era .Gas today $5 in July $10 Is my opinion .Sorry about my “Harvard English but I’m from EEU without English education.
 
Tommm said:
Don't need to go to Atlanta if your region of PCA has Driver Education events.
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You know what I mean those are dreamers .I sold my 911s 944 bc as old dud I drive i3 Mini SE being 71 years old try to expirience new technology before I drop dead . I race a cars in EU when I was young
 
teslarati97 said:
Yes there is a chance for the BMW quota to be used up during 2022. Vehicle leases do count against the 200,000 quota even though the leasee may or may not get a discount.
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Are vehicle leases included in that 131,000 listed on the IRS website? I've been operating under the assumption that BMW/MINI wouldn't hit 200,000 for several more years.
 
CuriousGeorge said:
Are vehicle leases included in that 131,000 listed on the IRS website? I've been operating under the assumption that BMW/MINI wouldn't hit 200,000 for several more years.
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Yes leases are included. The lessor (BMW financial services) will claim the $7,500 credit and the leasee may get a portion of the discount. That's 131,000 up to December 31, 2021 and will change for the Q1 data (about 6,577 in Q1 2021) but the big bump will be for Q2 for BMW. Add the Cooper SE and Countryman SE to the mix.
 
CuriousGeorge said:
Are vehicle leases included in that 131,000 listed on the IRS website? I've been operating under the assumption that BMW/MINI wouldn't hit 200,000 for several more years.
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Who cares don’t relay on government to pay for you buying EV you save on gas those are yours $$$$$$
 
Rexsio said:
Who cares don’t relay on government to pay for you buying EV you save on gas those are yours $$$$$$
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Financially-speaking, in most cases it would be better to take the $7500 and pay the same cost per mile for energy as with an ICE vehicle. Only if you drive a lot, keep the vehicle a long enough period of time, and/or pay a lot for gasoline would the savings amount to that much, or more.

Of course, that is a false dichotomy, at least at present (although Putin is doing his best to change the equation).
 
CuriousGeorge said:
Financially-speaking, in most cases it would be better to take the $7500 and pay the same cost per mile for energy as with an ICE vehicle. Only if you drive a lot, keep the vehicle a long enough period of time, and/or pay a lot for gasoline would the savings amount to that much, or more.

Of course, that is a false dichotomy, at least at present (although Putin is doing his best to change the equation).
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If you pay in taxes in a year say3000 $ your 4500$ is is gone they give you only that $3000 as rebate on your taxes that $7500 is. Illusion and you can’t transfer to next year you have to make money for a year to claim full credit I beliveis more than 53000$ a year
 
Rexsio said:
If you pay in taxes in a year say3000 $ your 4500$ is is gone they give you only that $3000 as rebate on your taxes that $7500 is. Illusion and you can’t transfer to next year you have to make money for a year to claim full credit I beliveis more than 53000$ a year
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"If".

I, and I imagine most people in the market for a new EV, pay more than $7500 per year in federal taxes. (Indeed, one criticism of the federal tax break is that it mostly goes to those who need it the least.)

$7500 divided by even $5/gallon equals 1500 gallons of gasoline. 1500 gallons times even 25 mpg equals 37,500 miles, or about as far as the average person drives in 3 years. Add in the cost of electricity for the replacement EV, and the tax credit is basically equal to 4 years of free driving (at least from a fueling perspective). Change the scenario to less expensive gasoline (as was true for most of the US at until recently), and/or assume the ICE vehicle gets higher mileage (as you might expect for something MINI-sized), and that $7500 would take you even further.

TL,DR: $7500 is a significant incentive. Take it away, and the financial benefit of owning an EV would be markedly diminished.
 
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