2015 BMW i3 Lease Questions

Michaell

lastmacuser said:

Going in today for lease i3 rex. I see some contradictory numbers for May.

Michaell said:

bobeeboo said:

What is the incentives, lease rate, MF, residual for 2014 and 2015 i3 ReX 30/12k for May?

2014 - .00125 and 57%. $7500 lease incentives

2015 - .00129 and 57%. $4875 lease incentives

Michaell said:

Conan711 said:

Michaell said:

We only show $4875 for 2015 models. If there was a mid-month change in the incentives, we wouldn't know about it.

what about 24 & 36 month residual on '15 models?

60% for 24/15 and 50% for 36/15

.00129 MF

What are numbers for 14 and 15. 10k/24 and 10k/36. Thanks.

Helps if I look at the right column.

63% for 24/10 and 53% for 36/10.

mikejay1

Hi Michael 

just want to you to check this over for me to make sure I'm getting the best deal possible. Dealer is acting like I'm robbing them with these numbers

2014 i3 bev 
tech and drive assist pack
tera world 
heated seats
fast charge
hk sound 

24/10k
mf .00140
selling price 43,900
rebate 5,500
total tax 546.73
lic/reg 57.50
upfront fees 1,408
monthly rental 310.39
ma excise tax .1150
total monthly 329.79

am I missing anything? Should I still ask for the build out cash? Are the numbers matching up? Thanks first lease

Michaell

mikejay1 said:

Hi Michael 

just want to you to check this over for me to make sure I'm getting the best deal possible. Dealer is acting like I'm robbing them with these numbers

2014 i3 bev 
tech and drive assist pack
tera world 
heated seats
fast charge
hk sound 

24/10k
mf .00140
selling price 43,900
rebate 5,500
total tax 546.73
lic/reg 57.50
upfront fees 1,408
monthly rental 310.39
ma excise tax .1150
total monthly 329.79

am I missing anything? Should I still ask for the build out cash? Are the numbers matching up? Thanks first lease

What's the MSRP?

MF is marked up on you, as well, so don't think the dealer is losing money on this deal.

mikejay1

Msrp is 49,350

any suggestions?

thanks 

bobeeboo

I talk to 2 dealers. And they said they are not offering the $2000 build out rebate. Is this true?

Michaell

mikejay1 said:

Msrp is 49,350

any suggestions?

thanks 

Deal looks pretty good.

Michaell

bobeeboo said:

I talk to 2 dealers. And they said they are not offering the $2000 build out rebate. Is this true?

The buildout cash is only available for the 2014 MY i3; if you are working a deal for a 2015, only the $4875 lease credit applies.

stp5

Hi, I am having push back on the $7,500 in incentives off the leftover 2014s. One dealer says they double checked the BMW bulletin and it's currently $4,875 for them. Also bmwusa.com website also shows the same. That website shows zero incentives on the 2015s.

Is there any truth to this or am I being taken for a ride?

Michaell

stp5 said:

Hi, I am having push back on the $7,500 in incentives off the leftover 2014s. One dealer says they double checked the BMW bulletin and it's currently $4,875 for them. Also bmwusa.com website also shows the same. That website shows zero incentives on the 2015s.

Is there any truth to this or am I being taken for a ride?

The information we have (valid 5/1/15 through 6/30/15) shows $2000 buildout cash and $5500 lease credit for 2014 i3's.

For 2015, it's only the $4875 lease credit available.

Check with multiple dealers .... and see if you get a consistent story.

elephino

Hello!
Wanted to get your opinion on the following deal for a 2015 BMW i3 REx. I'm in Dallas, TX

MSRP = 54,000
FedTax Credit applied = $7500
Autonation price = $46,500

After sales tax, reg. fees, title, doc fee, etc, total = 49,767

For a 36 month / 15k mile lease, they offered 2 deals:
- Option 1 = $788 due at signing @ $789/month
- Option 2 = $5k due at signing @ $661/month

+ 1250 Texas Tax Grant (TERP)

Any thoughts? Thank you!!!

stp5

Michaell, I just found out the BMW website changes what it shows for lease credit and build-out cash based on location. That sucks for me, because in WI it is only $4875 lease credit, whereas in say CA it shows $5,500 + $2,000 build out. That's quite a difference!

kyfdx

stp5 said:

Michaell, I just found out the BMW website changes what it shows for lease credit and build-out cash based on location. That sucks for me, because in WI it is only $4875 lease credit, whereas in say CA it shows $5,500 + $2,000 build out. That's quite a difference!

You are correct... .we only have full numbers for the Eastern and Western regions.

What numbers we have for the Central/Southern regions do show $4875 lease cash and $500 build-out cash. That is a huge difference.

stp5

So the obvious next question is what options do I have to buy a car from Eastern/Western regions? Do you know which states those are? For $100/mo less, that may be worth it for me. Or is shipping the car a possibility?

I'm surprised no one has mentioned these deals don't apply to the Midwest. Trust me, there ARE people here. We even have large cities like Chicago!

missjey

Hi Michaell - Could you please post the Money Factor, Residual Percentage & Lease Credit for a 2015 i3 BEV? Thank you!

kyfdx

stp5 said:

So the obvious next question is what options do I have to buy a car from Eastern/Western regions? Do you know which states those are? For $100/mo less, that may be worth it for me. Or is shipping the car a possibility?

I'm surprised no one has mentioned these deals don't apply to the Midwest. Trust me, there ARE people here. We even have large cities like Chicago!

You'd probably have to get as far East as Philadelphia for the East region. It's possible those rebates would be residency restricted, but you'd have to ask a dealer that.

Michaell

missjey said:

Hi Michaell - Could you please post the Money Factor, Residual Percentage & Lease Credit for a 2015 i3 BEV? Thank you!

.00129 MF and $4875 lease credit. What lease term and miles per year are you looking for?

missjey

Hi Michaell - i am looking at 12,000MILES/year at 36 months and I am located in California

Michaell

missjey said:

Hi Michaell - i am looking at 12,000MILES/year at 36 months and I am located in California

52% residual for 36/12.

missjey

Michaell said:

missjey said:

Hi Michaell - i am looking at 12,000MILES/year at 36 months and I am located in California

52% residual for 36/12.

Thank you for the quick response. What about 36/10? What is the MF and Residual?

kyfdx

missjey said:

Michaell said:

missjey said:

Hi Michaell - i am looking at 12,000MILES/year at 36 months and I am located in California

52% residual for 36/12.

Thank you for the quick response. What about 36/10? What is the MF and Residual?

Add 1% to go from 12K/yr to 10K/yr

stp5

FYI, I heard from a dealer that BMW is taking away the lease credits in June (Monday). I find this hard to believe, but take it for what you will.

Michaell

stp5 said:

FYI, I heard from a dealer that BMW is taking away the lease credits in June (Monday). I find this hard to believe, but take it for what you will.

Anything is possible, but we won't know until the new numbers come out and find their way to us.

Consider also that it could be a scare tactic to get you to sign a contract this weekend.

stp5

Any news yet on i3 incentives valid through June? Looking for midwest region with 2 yrs, 10k mi.

Michaell

stp5 said:

Any news yet on i3 incentives valid through June? Looking for midwest region with 2 yrs, 10k mi.

.00129 and 63% for 2015. $4875 in lease incentives.

stp5

Michaell said:

stp5 said:

Any news yet on i3 incentives valid through June? Looking for midwest region with 2 yrs, 10k mi.

.00129 and 63% for 2015. $4875 in lease incentives.

Hi Michaell, please clarify: Is the above any different from May on the 2015 REx? What about the 2014 REx?

Michaell

stp5 said:

Michaell said:

stp5 said:

Any news yet on i3 incentives valid through June? Looking for midwest region with 2 yrs, 10k mi.

.00129 and 63% for 2015. $4875 in lease incentives.

Hi Michaell, please clarify: Is the above any different from May on the 2015 REx? What about the 2014 REx?

The current BMW numbers are valid until 6/30/14.

2014 numbers are .00125 and 63%, but $7500 in lease incentives.

stp5

Michaell said:

stp5 said:

Michaell said:

.00129 and 63% for 2015. $4875 in lease incentives.

Hi Michaell, please clarify: Is the above any different from May on the 2015 REx? What about the 2014 REx?

The current BMW numbers are valid until 6/30/14.

2014 numbers are .00125 and 63%, but $7500 in lease incentives.

Thank you but are you sure that $7,500 is valid for the Midwest region? 2014s were at $4,875 in lease credits in May for the Midwest. My guess is the $7,500 remains only for East/West regions and the Midwest still gets the shaft.

Michaell

stp5 said:

Michaell said:

stp5 said:

Michaell said:

.00129 and 63% for 2015. $4875 in lease incentives.

Hi Michaell, please clarify: Is the above any different from May on the 2015 REx? What about the 2014 REx?

The current BMW numbers are valid until 6/30/14.

2014 numbers are .00125 and 63%, but $7500 in lease incentives.

Thank you but are you sure that $7,500 is valid for the Midwest region? 2014s were at $4,875 in lease credits in May for the Midwest. My guess is the $7,500 remains only for East/West regions and the Midwest still gets the shaft.

True ... I think this was brought to our attention just recently.

stp5

Ok, so then it sounds like no changes from BMW between May and June. Holding at $7,500 for East/West and $4,875 for Central/Midwest. Thanks.

bakkerj

Michaell, do you have any information on 24 month lease at 15k per year and/or 30 month lease at 15k year? Thanks

kyfdx

bakkerj said:

Michaell, do you have any information on 24 month lease at 15k per year and/or 30 month lease at 15k year? Thanks

.00128 MF and 60%/55% residual

bakkerj

Thank you. I suppose the residual on the 36 month is 50%. Correct?

kyfdx

bakkerj said:

Thank you. I suppose the residual on the 36 month is 50%. Correct?

Yes

dtopgear

Hi All. Looking at a 2014 non-REx in Florida (MSRP 52,200 + 7% tax). Dealer is throwing out all kinds of crazy lease number. Can you give me all the incentives for a 24-month lease? Have the $500 build-out and $4,875 from the BMW website (take it no $7500 for FL?). What is the MF and residual currently and is there and other numbers that are important to know that the dealer may be playing with? Can you estimate the paments? Thanks!

Michaell

dtopgear said:

Hi All. Looking at a 2014 non-REx in Florida (MSRP 52,200 + 7% tax). Dealer is throwing out all kinds of crazy lease number. Can you give me all the incentives for a 24-month lease? Have the $500 build-out and $4,875 from the BMW website (take it no $7500 for FL?). What is the MF and residual currently and is there and other numbers that are important to know that the dealer may be playing with? Can you estimate the paments? Thanks!

.00125 and 60% for 24/15 on the 2014 i3. I show $7500 in lease incentives, but that seems to be a regional offering.

We'd need to know the negotiated selling price to model a payment.

dtopgear

Should have thought of that to start with... Yeah, unfortunately I don't seem to get the $7500 here in FL. Doing to call BMW and confirm.

Neg $44,000, also looking at 24/10 instead of 15,000 unless it doesn't matter.

Thanks again!

Michaell

dtopgear said:

Should have thought of that to start with... Yeah, unfortunately I don't seem to get the $7500 here in FL. Doing to call BMW and confirm.

Neg $44,000, also looking at 24/10 instead of 15,000 unless it doesn't matter.

Thanks again!

Add 3% to the residual for 10,000 miles.

Using your MSRP and sell price, I get a 24/10 payment of $559.19+tax.

dtopgear

Is that no money down? Thanks so much for the info!

stp5

I would highly recommend the Leasematic app. When I leased my i3 a little over a week ago, I literally sat in the sales managers office with him on the lease worksheet and me punching the numbers into the app to make sure everything was clear and on the level. Information is power, especially in something as complicated as a lease. I left there feeling like I knew EXACTLY what I was getting myself into.

Also a big thanks to Michaell and the rest of the folks posting numbers here.

dtopgear

Thanks a lot will look int that app!

Michaell

dtopgear said:

Is that no money down? Thanks so much for the info!

I always assume $0 cap cost reduction in my calculations.

Please note that is not the same as $0 due at lease signing - you're still responsible for the first payment, bank fee, dealer fee, etc. when you sign the paperwork.

Conan711

What are the current incentives for 2015 i3? On BMW's website the incentives are $2K + $5500 for 2014 model. What about the 2015?

kyfdx

Conan711 said:

What are the current incentives for 2015 i3? On BMW's website the incentives are $2K + $5500 for 2014 model. What about the 2015?

Our numbers are for the middle of the country... and show $7500, as well for the 2015 model. But, that's all lease credit... not $2K build out + $5500 lease credit, like the 2014.

East/West coast numbers may be different, but I doubt it...

ThreeEyes

HI Michael, could you tell me if this is a good deal please, in LA?

MSRP $53,245
2015 i3 REx
$0 out of pocket
$3850 7 x MSDs
12K Miles per year
$519 a month tax included @36 months

kyfdx

ThreeEyes said:

HI Michael, could you tell me if this is a good deal please, in LA?

MSRP $53,245
2015 i3 REx
$0 out of pocket
$3850 7 x MSDs
12K Miles per year
$519 a month tax included @36 months

What is the selling price/CAP cost?

dtopgear

Looks like BMW removed the 2014 Lease deals from their website. Anyone know what the incentives are on the 2014's, did they change for the southeast?

Michaell

dtopgear said:

Looks like BMW removed the 2014 Lease deals from their website. Anyone know what the incentives are on the 2014's, did they change for the southeast?

We show $4875 lease cash and $500 buildout cash for the southeast on the 2014 i3

dtopgear

Interesting. Does that mean the incentive of $7500 on the 2015's makes that the better deal now? Or are there additional discount on the 2014's to take into consideration.

Michaell

dtopgear said:

Interesting. Does that mean the incentive of $7500 on the 2015's makes that the better deal now? Or are there additional discount on the 2014's to take into consideration.

You might be able to get a larger discount from sticker on the 2014's to offset the smaller incentive.

moolman

Hi,
Back here since I might lease a i3,

Is the MF this month 0.00128 like last month. And it looks like the residual on a 36/15K is 50%. Is that right?

Thanks