2014 BMW i3 Lease Questions

kerbkerb Member Posts: 190
edited May 2015 in BMW
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Greetings Moderator,

Could you kindly provide the current rate factor and residual for an i3 with range extender based on the following scenarios: 36/10k and 36/12k and 39/10 and 39/12 leases.

Thank You
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  • kyfdxkyfdx Moderator Posts: 207,889
    kerb said:

    Greetings Moderator,

    Could you kindly provide the current rate factor and residual for an i3 with range extender based on the following scenarios: 36/10k and 36/12k and 39/10 and 39/12 leases.

    Thank You


    .00125 MF and 52%/53% residual for 36 mo, 12K/10K/yr.

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  • kerbkerb Member Posts: 190
    Thank you!
  • websterizewebsterize Member Posts: 19
    If you please: 3yr/36k and 2yr/24k; i3 no range extender; MF and residual? Thanks.
  • MichaellMichaell ColoradoModerator Posts: 206,288

    If you please: 3yr/36k and 2yr/24k; i3 no range extender; MF and residual? Thanks.

    .00125 MF and 62% / 52% residual.

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  • websterizewebsterize Member Posts: 19
    Does the 62% residual include the 7% point increase included with Owner's Choice + Flex financing from BMWFS? My understanding is they advance you up to the $7,500 fed. tax credit as a residual bump, which you repay by lease end. So would that be 69% residual for a 3/36 OC w/Flex?
  • kyfdxkyfdx Moderator Posts: 207,889

    Does the 62% residual include the 7% point increase included with Owner's Choice + Flex financing from BMWFS? My understanding is they advance you up to the $7,500 fed. tax credit as a residual bump, which you repay by lease end. So would that be 69% residual for a 3/36 OC w/Flex?


    We don't have any information about Owner's Choice financing..

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  • websterizewebsterize Member Posts: 19
    A local BMW sales manager confirmed that the Flex pay (up to $7,500) is applied to the residual value. With a 2/24k term, a base 62% RV + $7,500, and an MSRP of nearly $50,000, the residual value for November is about 77%.

    With those terms, a zero-down, <$500/month payment on a loaded Giga is doable, especially considering the multitude of non-Rex i3s in inventory. With thanks to the U.S. taxpayer and creative corporate accounting.
  • kerbkerb Member Posts: 190
    edited November 2014
    Greetings, could you kindly provide updated residual and buy rates for a 2014 and 2014 i3 Giga with Range Extender for 36/10k, 36/12k, 39/10k and 39/12k lease. Many Thanks. Lastly, can you confirm whether BMW is throwing in a free DC charger and/or if other incentives are available. Many Thanks.
  • MichaellMichaell ColoradoModerator Posts: 206,288
    kerb said:

    Greetings, could you kindly provide updated residual and buy rates for a 2014 and 2014 i3 Giga with Range Extender for 36/10k, 36/12k, 39/10k and 39/12k lease. Many Thanks. Lastly, can you confirm whether BMW is throwing in a free DC charger and/or if other incentives are available. Many Thanks.

    .00125 MF for all i3's this month.

    36/12 residual is 52%; Add 1% for 10K. $4875 lease credit. $1000 holiday credit.

    No 39 month program for the i3.

    No other incentive information is known to us.

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  • kerbkerb Member Posts: 190
    Thank you!
  • kerbkerb Member Posts: 190
    edited November 2014
    Greetings & Happy Thanksgiving, Are MSD's based on the base monthly payment or base payment plus tax?
  • kyfdxkyfdx Moderator Posts: 207,889
    kerb said:

    Greetings & Happy Thanksgiving, Are MSD's based on the base monthly payment or base payment plus tax?


    With tax... The total payment, rounded up to the next $50 increment.

    So, if your payment with tax is $429/mo, then each deposit will be $450

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  • kerbkerb Member Posts: 190
    edited December 2014
    Greetings kyfdx,

    Could you kindly provide the residual and buy rate for a 36/10k '14 i3 REx lease.

    Thank you
  • MichaellMichaell ColoradoModerator Posts: 206,288
    kerb said:

    Greetings kyfdx,

    Could you kindly provide the residual and buy rate for a 36/10k '14 i3 REx lease.

    Thank you

    .00125 and 53%. $5500 lease cash.

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  • kyfdxkyfdx Moderator Posts: 207,889
    kerb said:

    Greetings kyfdx,

    Could you kindly provide the residual and buy rate for a 36/10k '14 i3 REx lease.

    Thank you


    .00125 MF and 53% residual. $5500 lease cash and $1000 Holiday Credit.

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  • kerbkerb Member Posts: 190
    Thx. I thought the lease cash was $4875? Did this amount increase or is there a new allowance?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    kerb said:

    Thx. I thought the lease cash was $4875? Did this amount increase or is there a new allowance?

    Looks like the amount increased for December

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  • kerbkerb Member Posts: 190
    Great, thx.
  • td_inctd_inc Member Posts: 54
    kerb said:
    Great, thx.
    Kerb, did you get a quote? What are you seeing? 
    Really curious how low they getting in Dec. that's a lot of lease cash
  • kerbkerb Member Posts: 190
    edited December 2014
    Greetings kyfdx,

    My dealer is having a difficult time confirming the increase in lease bonus cash from $4875 to $5500. A cursory review of BMW's website in other states reveals that the lease bonus cash is $5,500. However, when I search BMW's site using my zip code in South Florida, the lease bonus cash remains at $4875. Can you shed any light on this?

    Best Regards
  • kyfdxkyfdx Moderator Posts: 207,889
    kerb said:

    Greetings kyfdx,

    My dealer is having a difficult time confirming the increase in lease bonus cash from $4875 to $5500. A cursory review of BMW's website in other states reveals that the lease bonus cash is $5,500. However, when I search BMW's site using my zip code in South Florida, the lease bonus cash remains at $4875. Can you shed any light on this?

    Best Regards


    It went to $5500 on December 2nd.

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  • amastjramastjr Member Posts: 15
    Hi: Can you provide MF and RV for an i3in GA for a 36/10 (no REx). Thanks
  • kyfdxkyfdx Moderator Posts: 207,889
    amastjr said:

    Hi: Can you provide MF and RV for an i3in GA for a 36/10 (no REx). Thanks


    .00125 MF and 53% residual.

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  • chrisch70chrisch70 Member Posts: 45
    looking to buy an i3rex in MD. MSRP $48200, dealer offer $43140 plus tax, $299 processing fee, $925 acquisition fee. does that sound like a good offer, if car will not be leased?

    Also, looking at the owner choice program, but dealer said that moneyfactor is .0017 instead of the monefactor for lease at .00125. I thought I read somewhere that both moneyfactors should be identically.

    Any thoughts?

    Thanks
  • kyfdxkyfdx Moderator Posts: 207,889
    chrisch70 said:

    looking to buy an i3rex in MD. MSRP $48200, dealer offer $43140 plus tax, $299 processing fee, $925 acquisition fee. does that sound like a good offer, if car will not be leased?

    Also, looking at the owner choice program, but dealer said that moneyfactor is .0017 instead of the monefactor for lease at .00125. I thought I read somewhere that both moneyfactors should be identically.

    Any thoughts?

    Thanks


    I think you'd be crazy not to lease the car, given the extra $5500 in lease cash.. especially, if you still have to pay an acquisition fee.. (marked up from the $725 base).

    The base rate on OC is 2.99% (or, roughly equivalent to .00125 MF).

    Even if you decide to buy the car out in 3 years, and have to pay tax again, it's still cheaper..

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  • kardon1kardon1 Member Posts: 40
    Can you post the 24/10k lease residual and MF for i3 BEV (no range extender) in Boston, MA?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    kardon1 said:

    Can you post the 24/10k lease residual and MF for i3 BEV (no range extender) in Boston, MA?

    .00125 and 63%

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  • Conan711Conan711 Member Posts: 24
    What are the current Residuals for 2014 BEV & REX models, 24month/10K & 36mon/10K?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    Conan711 said:

    What are the current Residuals for 2014 BEV & REX models, 24month/10K & 36mon/10K?

    .00125 and 63% (24/10) or 53% (36/10).

    $2000 innovations credit and $5500 lease credit available this month.

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  • nicks4nicks4 Member Posts: 79
    If I am trying to lease a 2014 i3 with the Range Extender, will I be able to subtract the $7,500 Fed Tax Credit from the price in addition to the "Build-Out Cash" and "Lease Cash"?

    For example:
    MSRP $54,200
    Dealer Discount $ 5,015
    Build-Out Cash $ 2,000
    Lease Cash $ 5,500
    FED Tax Credit $ 7,500
    SALE Price $34,185
  • MichaellMichaell ColoradoModerator Posts: 206,288
    nicks4 said:

    If I am trying to lease a 2014 i3 with the Range Extender, will I be able to subtract the $7,500 Fed Tax Credit from the price in addition to the "Build-Out Cash" and "Lease Cash"?

    For example:
    MSRP $54,200
    Dealer Discount $ 5,015
    Build-Out Cash $ 2,000
    Lease Cash $ 5,500
    FED Tax Credit $ 7,500
    SALE Price $34,185

    No .. since the car is sold to BMWFS, they get the federal tax credit. The lease cash is their way of passing that on to the customer.

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  • nicks4nicks4 Member Posts: 79
    Thanks
  • nicks4nicks4 Member Posts: 79
    I have now decided to definitely go with the 2014 i3 REX and I would really appreciate it if you could provide the numbers for 10K & 12K for 24 Months so I can compare. You did provide me with the 15K before:

    2014 - .00125 and 60%. $2000 buildout cash and $5500 lease credit.

    In addition, is it true that you can lower the Money Factor by a lot if you put down a security deposit?

    Thank you
  • MichaellMichaell ColoradoModerator Posts: 206,288
    nicks4 said:

    I have now decided to definitely go with the 2014 i3 REX and I would really appreciate it if you could provide the numbers for 10K & 12K for 24 Months so I can compare. You did provide me with the 15K before:

    2014 - .00125 and 60%. $2000 buildout cash and $5500 lease credit.

    In addition, is it true that you can lower the Money Factor by a lot if you put down a security deposit?

    Thank you

    MF stays the same at .00125, but the 24/12 residual is 62%. Add 1% for 10K.

    I apologize, I was reading the 36 month numbers wrong. 36/15 residual is only 50% (small text + smart phone screen + old eyes = wrong numbers).

    Yes, BMW allows a maximum of 7 MSDs, each of which will lower the MF by .00007. Net MF would then be .00076.

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  • nicks4nicks4 Member Posts: 79
    I am not sure what you mean by "BMW allows a maximum of 7 MSDs"?
  • nicks4nicks4 Member Posts: 79
    Also, what you provided before for 24 Months & 15K is not 60%?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    nicks4 said:

    I am not sure what you mean by "BMW allows a maximum of 7 MSDs"?

    Each MSD is the monthly payment, rounded up to the next $50. You can make 7 of them, each of which reduces the MF by .00007.
    nicks4 said:

    Also, what you provided before for 24 Months & 15K is not 60%?

    24/15 is 60%

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  • nicks4nicks4 Member Posts: 79
    So, you basically agree to round up your first 7 monthly payments to the next $50 and you can use the .00076 MF when calculating your monthly lease payment? Is that right?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    nicks4 said:

    So, you basically agree to round up your first 7 monthly payments to the next $50 and you can use the .00076 MF when calculating your monthly lease payment? Is that right?

    No - you have to give BMW that cash up front.

    Let's say your payment is $476/mo .. the security deposit would round up to $500. 7 of them equals $3500, which you give to BMW, in addition to any other up front costs you are responsible for. That reduces the MF.

    The nice part is you get the $3500 back at the end of the lease.

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  • nicks4nicks4 Member Posts: 79
    2014 i3 REX
    24 Months
    12K per Year

    Any changes to the incentives for April?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    nicks4 said:

    2014 i3 REX
    24 Months
    12K per Year

    Any changes to the incentives for April?

    .00125 and 62% for 24/12. $2000 build out cash and $5500 lease credit.

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  • lcharlton4lcharlton4 Member Posts: 5
    edited April 2015
    MIchaell, Thanks, did the residual for 24/10 change? Thanks in advance
  • MichaellMichaell ColoradoModerator Posts: 206,288

    MIchaell, Thanks, did the residual for 24/10 change? Thanks in advance

    Nope, still 63%

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  • lcharlton4lcharlton4 Member Posts: 5
    edited April 2015
    Any dealer cash hiding out there? I am seeing the 2k and 5.5k in virginia. Thanks Again!
  • kyfdxkyfdx Moderator Posts: 207,889

    Any dealer cash hiding out there? I am seeing the 2k and 5.5k in virginia. Thanks Again!

    No additional info here.

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  • MichaellMichaell ColoradoModerator Posts: 206,288
    So does this sound like a good deal? and what do you come up with for the monthly Rate: .00125 Residual: 63% 24/10 MSRP: $49,875 -$5773 - Discout on car -$5500 - Lease Credit -$2000 - Build Out -$500 USAA - But I think it should be $1,000 $42,102 Sales price $6,000 in Rebates $31,421.25 Residual Rolled in 4.17 % VA Sales and use Tax $399 Dealer Processing
    What is the net cap cost?

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  • mpower7mpower7 Member Posts: 12
    Hello!

    Can you please share the current residual and money factor for 2014 BMW i3 with Range Extender? There are some still 2014 left with dealers. And what are the same for 2015 model year.

    Thanks.
  • MichaellMichaell ColoradoModerator Posts: 206,288
    mpower7 said:

    Hello!

    Can you please share the current residual and money factor for 2014 BMW i3 with Range Extender? There are some still 2014 left with dealers. And what are the same for 2015 model year.

    Thanks.

    2014 - .00125 and 50% for 36/15. $7500 in lease incentives.

    2015 - .00130 and 50% for 36/15. $4875 in lease incentives.

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  • mpower7mpower7 Member Posts: 12
    Thanks so do you feel both 2014 and 2015 would work out to be the same total cost overall?
  • MichaellMichaell ColoradoModerator Posts: 206,288
    mpower7 said:
    Thanks so do you feel both 2014 and 2015 would work out to be the same total cost overall?
    The 2014 would probably be a better deal given the extra $2700 of incentives. 

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