2015 BMW i3 Lease Questions

uncle_jack

The dealership in Woodland, TX is throwing me some inaccurate numbers (I believe they are trying to confuse me as part of their sale trick... ... they told me Residual Rate is 56% and it is the SAME for both 24-month and 30-month!).

what is the actual Money Factor for January 2016?
what is the actual Residual Rate for 2015 i3 REX for 24 months, 10K miles/year?
what is the actual Residual Rate for 2015 i3 REX for 30 months, 10K miles/year?
what is the actual Residual Rate for 2015 i3 REX for 36 months, 10K miles/year?
what is the actual Residual Rate for 2015 i3 REX for 36 months, 12K miles/year?

Michaell

uncle_jack said:

The dealership in Woodland, TX is throwing me some inaccurate numbers (I believe they are trying to confuse me as part of their sale trick... ... they told me Residual Rate is 56% and it is the SAME for both 24-month and 30-month!).

what is the actual Money Factor for January 2016?
what is the actual Residual Rate for 2015 i3 REX for 24 months, 10K miles/year?
what is the actual Residual Rate for 2015 i3 REX for 30 months, 10K miles/year?
what is the actual Residual Rate for 2015 i3 REX for 36 months, 10K miles/year?
what is the actual Residual Rate for 2015 i3 REX for 36 months, 12K miles/year?

MF is .00132 this month

24/10 residual is 59%
30/10 residual is also 59%
36/12 residual is 52%; add 1% for 10K

Dealer cannot modify residuals.

$2000 buildout credit and $7500 lease credit.

davinci1

ercanf said:

I have received the following quote from my local dealer in NC:

2015 BMW i3 w/Range Extender
MSRP: 50,095
Discount: 9,545
Sale price: 40,550

Due on Delivery: 1,000

36 months lease, 10k miles/yr
$514.28 per month incl tax

I was expecting around $400/mo and thought this is too high. Even if I double the down payment, the monthly payment only gets to $468.69. I don't have any other details such as residual and money factor.

Can someone please weigh in on this? What should I expect with this deal?

Thanks!

nm, seems Michael already answered the question

Seems , you are not getting $7500 lease credit that BMW Financials passes on to you. Either that or discount of $9545 already includes that amount. In later case, looks like you are hardly getting any dealer discount considering there is $2,000 build out cash and $7500 lease cash offered by BMW Financials.

Second, instead of doubling down payment, Put 7 MSD which reduces your MF by 0.00049,savings of about $30 per payment and deposit is returned when lease ends.

jkronos

Hello, after been rejected many times I finally found a dealer in east coast that is willing to work with me, the others did not even wanted to keep talking to me after asking them to give me at least 11% of main msrp before any rebates kicks in, I found a dealer that has the car with all the options fully loaded, below is what they offering me.

Current break down from their offer. 24/10k Fully loaded Terra 2015 with range extender.

MSRP 54,095
Suggested MSRP 49,579 8.35% off main msrp
Rebates 7,500 federal 2000 buildout rebate and 500 loyalty
Net price $39,579

Residual 59%
MF .00083 after buying maximum msd
The Acquisition Fee is $925. The total fees are $665.50($347 Doc Fee, $305.50 Registration,$8 Online Fee, $6 Tire Tax

$3115 Total Security Deposits.
Total cash out of pocket is $3539.98 for a payment of $424.98

I want to be at 11% off about $1500 more off from msrp, is this a good deal in the east coast?? Everywhere I look they don`t want to sell near invoice price and most are trying to make it look like federal tax break is part of the rebates from the dealer.

kyfdx

jkronos said:

Hello, after been rejected many times I finally found a dealer in east coast that is willing to work with me, the others did not even wanted to keep talking to me after asking them to give me at least 11% of main msrp before any rebates kicks in, I found a dealer that has the car with all the options fully loaded, below is what they offering me.

Current break down from their offer. 24/10k Fully loaded Terra 2015 with range extender.

MSRP 54,095
Suggested MSRP 49,579 8.35% off main msrp
Rebates 7,500 federal 2000 buildout rebate and 500 loyalty
Net price $39,579

Residual 59%
MF .00083 after buying maximum msd
The Acquisition Fee is $925. The total fees are $665.50($347 Doc Fee, $305.50 Registration,$8 Online Fee, $6 Tire Tax

$3115 Total Security Deposits.
Total cash out of pocket is $3539.98 for a payment of $424.98

I want to be at 11% off about $1500 more off from msrp, is this a good deal in the east coast?? Everywhere I look they don`t want to sell near invoice price and most are trying to make it look like federal tax break is part of the rebates from the dealer.

Why not go with 30 months? The residual is the same as 24 months. It will knock about $75/mo. off your payment.

I think your own efforts are showing you where the bottom might be, and it looks like you may be there.

jkronos

kyfdx said:

jkronos said:

Hello, after been rejected many times I finally found a dealer in east coast that is willing to work with me, the others did not even wanted to keep talking to me after asking them to give me at least 11% of main msrp before any rebates kicks in, I found a dealer that has the car with all the options fully loaded, below is what they offering me.

Current break down from their offer. 24/10k Fully loaded Terra 2015 with range extender.

MSRP 54,095
Suggested MSRP 49,579 8.35% off main msrp
Rebates 7,500 federal 2000 buildout rebate and 500 loyalty
Net price $39,579

Residual 59%
MF .00083 after buying maximum msd
The Acquisition Fee is $925. The total fees are $665.50($347 Doc Fee, $305.50 Registration,$8 Online Fee, $6 Tire Tax

$3115 Total Security Deposits.
Total cash out of pocket is $3539.98 for a payment of $424.98

I want to be at 11% off about $1500 more off from msrp, is this a good deal in the east coast?? Everywhere I look they don`t want to sell near invoice price and most are trying to make it look like federal tax break is part of the rebates from the dealer.

Why not go with 30 months? The residual is the same as 24 months. It will knock about $75/mo. off your payment.

I think your own efforts are showing you where the bottom might be, and it looks like you may be there.

Yes I see what you mean, that make sense since is only 6 more moths, from what you have seen here is that normal for the NY/NJ folks? Am puzzle even more because they have inventory from 2015 taking space and 2016 are already out.

Thank you for the suggestion! I will bring it up only after they give me the % off that am looking for.

PS**

You were right, I found another dealer with fully loaded model and this is their offer, still at 24 moths, I wonder if I should ask to them give me 30/10k numbers.


Model 15IB i3 Rex USD 46,250.00
Color B74 Arravani Grey w/BMW i Frozen Blue accent N/C
Upholstery NLFT Tera Dalbergia Brown Full Natural Leather N/C
Options ZTW Tera World 2,500.00
2T7†Sport 20" BMW i Light Alloy Double Spo... 1,300.00
319 Universal garage-door opener N/C
322 Comfort Access keyless entry N/C
441 Smoker's package N/C
ZPK Parking Assistant Package 1,000.00
ZTD Technology + Driving Assistant Package 2,500.00
5AT ACC Stop & Go + Active Driving Assistant N/C
609 Navigation Professional System N/C
6AK BMW Online and BMW Apps N/C
6AM Advanced Real-Time Traffic Information N/C
5DU Park Assistant Package N/C
3AG Rear view camera N/C
508 Park Distance Control N/C
5DP Parking Assistant N/C
7KZ Tera (Full Leather) N/C
423 Floor mats N/C
2VB Tire pressure monitor N/C
302 Alarm System N/C
442 Cupholders N/C
494 Heated front seats N/C
4U7 DC Fast Charging (SAE) N/C
570 Stronger electricity supply N/C
5A2 LED Headlights N/C
655 Satellite radio with 1 year subscription N/C
674 harman/kardon Premium Sound System 800.00
6AC BMW Assist eCall N/C
6AE BMW TeleServices N/C
6AP Remote Services N/C
7AQ Battery Certificate N/C
8KY Oil-service interval 12 months N/C
8S4 Variable Light Decoding N/C
8TN Daytime driving lights N/C
925 Shipping package N/C
9AA Transport protection N/C
ZTM Tier 2 N/C
Net Total 54,350.00
Total Suggested Price 55,345.00

$385 @ 24 months 10k miles with $ 4,404.50 due at signing

$385 first payment (waived) subject to loyalty verification
$925 Bank fee
$369 Doc fee
$310.50 Motor vehicle fee
$2,800 Seven refundable security deposits of $ 400

kyfdx

jkronos said:

kyfdx said:

jkronos said:

Hello, after been rejected many times I finally found a dealer in east coast that is willing to work with me, the others did not even wanted to keep talking to me after asking them to give me at least 11% of main msrp before any rebates kicks in, I found a dealer that has the car with all the options fully loaded, below is what they offering me.

Current break down from their offer. 24/10k Fully loaded Terra 2015 with range extender.

MSRP 54,095
Suggested MSRP 49,579 8.35% off main msrp
Rebates 7,500 federal 2000 buildout rebate and 500 loyalty
Net price $39,579

Residual 59%
MF .00083 after buying maximum msd
The Acquisition Fee is $925. The total fees are $665.50($347 Doc Fee, $305.50 Registration,$8 Online Fee, $6 Tire Tax

$3115 Total Security Deposits.
Total cash out of pocket is $3539.98 for a payment of $424.98

I want to be at 11% off about $1500 more off from msrp, is this a good deal in the east coast?? Everywhere I look they don`t want to sell near invoice price and most are trying to make it look like federal tax break is part of the rebates from the dealer.

Why not go with 30 months? The residual is the same as 24 months. It will knock about $75/mo. off your payment.

I think your own efforts are showing you where the bottom might be, and it looks like you may be there.

Yes I see what you mean, that make sense since is only 6 more moths, from what you have seen here is that normal for the NY/NJ folks? Am puzzle even more because they have inventory from 2015 taking space and 2016 are already out.

Thank you for the suggestion! I will bring it up only after they give me the % off that am looking for.

PS**

You were right, I found another dealer with fully loaded model and this is their offer, still at 24 moths, I wonder if I should ask to them give me 30/10k numbers.


Model 15IB i3 Rex USD 46,250.00
Color B74 Arravani Grey w/BMW i Frozen Blue accent N/C
Upholstery NLFT Tera Dalbergia Brown Full Natural Leather N/C
Options ZTW Tera World 2,500.00
2T7†Sport 20" BMW i Light Alloy Double Spo... 1,300.00
319 Universal garage-door opener N/C
322 Comfort Access keyless entry N/C
441 Smoker's package N/C
ZPK Parking Assistant Package 1,000.00
ZTD Technology + Driving Assistant Package 2,500.00
5AT ACC Stop & Go + Active Driving Assistant N/C
609 Navigation Professional System N/C
6AK BMW Online and BMW Apps N/C
6AM Advanced Real-Time Traffic Information N/C
674 harman/kardon Premium Sound System 800.00
6AC BMW Assist eCall N/C
Net Total 54,350.00
Total Suggested Price 55,345.00

$385 @ 24 months 10k miles with $ 4,404.50 due at signing

$385 first payment (waived) subject to loyalty verification
$925 Bank fee
$369 Doc fee
$310.50 Motor vehicle fee
$2,800 Seven refundable security deposits of $ 400

I'd sure ask about 30/10 numbers.

It's amazing how little some dealers/salespeople look into the numbers. You have to do the homework yourself. 30 months would be a substantial reduction in payment.

I really can't help you with the pricing side of it.. But, in any case, 30 months will save you at least $70/mo. That takes a good deal and makes it great!

notsogreen

jkronos said:

kyfdx said:

jkronos said:

Hello, after been rejected many times I finally found a dealer in east coast that is willing to work with me, the others did not even wanted to keep talking to me after asking them to give me at least 11% of main msrp before any rebates kicks in, I found a dealer that has the car with all the options fully loaded, below is what they offering me.

Current break down from their offer. 24/10k Fully loaded Terra 2015 with range extender.

MSRP 54,095
Suggested MSRP 49,579 8.35% off main msrp
Rebates 7,500 federal 2000 buildout rebate and 500 loyalty
Net price $39,579

Residual 59%
MF .00083 after buying maximum msd
The Acquisition Fee is $925. The total fees are $665.50($347 Doc Fee, $305.50 Registration,$8 Online Fee, $6 Tire Tax

$3115 Total Security Deposits.
Total cash out of pocket is $3539.98 for a payment of $424.98

I want to be at 11% off about $1500 more off from msrp, is this a good deal in the east coast?? Everywhere I look they don`t want to sell near invoice price and most are trying to make it look like federal tax break is part of the rebates from the dealer.

Why not go with 30 months? The residual is the same as 24 months. It will knock about $75/mo. off your payment.

I think your own efforts are showing you where the bottom might be, and it looks like you may be there.

Yes I see what you mean, that make sense since is only 6 more moths, from what you have seen here is that normal for the NY/NJ folks? Am puzzle even more because they have inventory from 2015 taking space and 2016 are already out.

Thank you for the suggestion! I will bring it up only after they give me the % off that am looking for.

PS**

You were right, I found another dealer with fully loaded model and this is their offer, still at 24 moths, I wonder if I should ask to them give me 30/10k numbers.


Model 15IB i3 Rex USD 46,250.00
Color B74 Arravani Grey w/BMW i Frozen Blue accent N/C
Upholstery NLFT Tera Dalbergia Brown Full Natural Leather N/C
Options ZTW Tera World 2,500.00
2T7†Sport 20" BMW i Light Alloy Double Spo... 1,300.00
319 Universal garage-door opener N/C
322 Comfort Access keyless entry N/C
441 Smoker's package N/C
ZPK Parking Assistant Package 1,000.00
ZTD Technology + Driving Assistant Package 2,500.00
5AT ACC Stop & Go + Active Driving Assistant N/C
609 Navigation Professional System N/C
6AK BMW Online and BMW Apps N/C
6AM Advanced Real-Time Traffic Information N/C
5DU Park Assistant Package N/C
3AG Rear view camera N/C
508 Park Distance Control N/C
5DP Parking Assistant N/C
7KZ Tera (Full Leather) N/C
423 Floor mats N/C
2VB Tire pressure monitor N/C
302 Alarm System N/C
442 Cupholders N/C
494 Heated front seats N/C
4U7 DC Fast Charging (SAE) N/C
570 Stronger electricity supply N/C
5A2 LED Headlights N/C
655 Satellite radio with 1 year subscription N/C
674 harman/kardon Premium Sound System 800.00
6AC BMW Assist eCall N/C
6AE BMW TeleServices N/C
6AP Remote Services N/C
7AQ Battery Certificate N/C
8KY Oil-service interval 12 months N/C
8S4 Variable Light Decoding N/C
8TN Daytime driving lights N/C
925 Shipping package N/C
9AA Transport protection N/C
ZTM Tier 2 N/C
Net Total 54,350.00
Total Suggested Price 55,345.00

$385 @ 24 months 10k miles with $ 4,404.50 due at signing

$385 first payment (waived) subject to loyalty verification
$925 Bank fee
$369 Doc fee
$310.50 Motor vehicle fee
$2,800 Seven refundable security deposits of $ 400

For what it's worth, I leased the exact same spec as your second deal at the end of December. The selling price, without the $7500 lease credit, was more than $9000 off the MSRP, though that included a special $1000 rebate that not everyone gets and did include the $2000 "holiday adder". I did shop a few dealers and I feel like this is about as low a price as I could get on that spec. This is on the West coast so your mileage may vary, but I think you really should concentrate on the selling price. The dealers can discount heavily as evidenced by your first deal... $40,000 selling price on the $54,000 sticker seems like a pretty good deal. Hard to judge your second deal as you didn't mention the selling price.

karensf

I test drove a BMW i3 fully loaded Tera, with range extender, Tech, parking package,etc... over the weekend in San Francisco. (Sticker $55,300k). Wonderful car, but I don't think I was getting a great deal. Considering these are 2015 models and the 2016's are already on the lot, what is a reasonable expected percentage off of MSRP? Is 18-20% off on these vehicles out of the question? Essentially these are 1 year old cars... The final number I was given was 13% off MSRP, but I am not convinced that was really a good deal. I was negotiating for a lease. Thoughts?

Michaell

karensf said:

I test drove a BMW i3 fully loaded Tera, with range extender, Tech, parking package,etc... over the weekend in San Francisco. (Sticker $55,300k). Wonderful car, but I don't think I was getting a great deal. Considering these are 2015 models and the 2016's are already on the lot, what is a reasonable expected percentage off of MSRP? Is 18-20% off on these vehicles out of the question? Essentially these are 1 year old cars... The final number I was given was 13% off MSRP, but I am not convinced that was really a good deal. I was negotiating for a lease. Thoughts?

Read back through the last page or two of posts to see what others have been able to negotiate.

samny1

HI,

Do you have the RV and MF for an i3 with range extender for 24/30/36 months at 12k and 15K in NY?

Is the 2000 buildout credit and 7500 lease credit still in effect? Any other incentives?

Also, how are the numbers different for the 2016 model?

Thanks,

SM

jkronos

notsogreen said:

jkronos said:

kyfdx said:

jkronos said:

Hello, after been rejected many times I finally found a dealer in east coast that is willing to work with me, the others did not even wanted to keep talking to me after asking them to give me at least 11% of main msrp before any rebates kicks in, I found a dealer that has the car with all the options fully loaded, below is what they offering me.

Current break down from their offer. 24/10k Fully loaded Terra 2015 with range extender.

MSRP 54,095
Suggested MSRP 49,579 8.35% off main msrp
Rebates 7,500 federal 2000 buildout rebate and 500 loyalty
Net price $39,579

Residual 59%
MF .00083 after buying maximum msd
The Acquisition Fee is $925. The total fees are $665.50($347 Doc Fee, $305.50 Registration,$8 Online Fee, $6 Tire Tax

$3115 Total Security Deposits.
Total cash out of pocket is $3539.98 for a payment of $424.98

I want to be at 11% off about $1500 more off from msrp, is this a good deal in the east coast?? Everywhere I look they don`t want to sell near invoice price and most are trying to make it look like federal tax break is part of the rebates from the dealer.

Why not go with 30 months? The residual is the same as 24 months. It will knock about $75/mo. off your payment.

I think your own efforts are showing you where the bottom might be, and it looks like you may be there.

Yes I see what you mean, that make sense since is only 6 more moths, from what you have seen here is that normal for the NY/NJ folks? Am puzzle even more because they have inventory from 2015 taking space and 2016 are already out.

Thank you for the suggestion! I will bring it up only after they give me the % off that am looking for.

PS**

You were right, I found another dealer with fully loaded model and this is their offer, still at 24 moths, I wonder if I should ask to them give me 30/10k numbers.


Model 15IB i3 Rex USD 46,250.00
Color B74 Arravani Grey w/BMW i Frozen Blue accent N/C
Upholstery NLFT Tera Dalbergia Brown Full Natural Leather N/C
Options ZTW Tera World 2,500.00
2T7†Sport 20" BMW i Light Alloy Double Spo... 1,300.00
319 Universal garage-door opener N/C
322 Comfort Access keyless entry N/C
441 Smoker's package N/C
ZPK Parking Assistant Package 1,000.00
ZTD Technology + Driving Assistant Package 2,500.00
5AT ACC Stop & Go + Active Driving Assistant N/C
609 Navigation Professional System N/C
6AK BMW Online and BMW Apps N/C
6AM Advanced Real-Time Traffic Information N/C
5DU Park Assistant Package N/C
3AG Rear view camera N/C
508 Park Distance Control N/C
5DP Parking Assistant N/C
7KZ Tera (Full Leather) N/C
423 Floor mats N/C
2VB Tire pressure monitor N/C
302 Alarm System N/C
442 Cupholders N/C
494 Heated front seats N/C
4U7 DC Fast Charging (SAE) N/C
570 Stronger electricity supply N/C
5A2 LED Headlights N/C
655 Satellite radio with 1 year subscription N/C
674 harman/kardon Premium Sound System 800.00
6AC BMW Assist eCall N/C
6AE BMW TeleServices N/C
6AP Remote Services N/C
7AQ Battery Certificate N/C
8KY Oil-service interval 12 months N/C
8S4 Variable Light Decoding N/C
8TN Daytime driving lights N/C
925 Shipping package N/C
9AA Transport protection N/C
ZTM Tier 2 N/C
Net Total 54,350.00
Total Suggested Price 55,345.00

$385 @ 24 months 10k miles with $ 4,404.50 due at signing

$385 first payment (waived) subject to loyalty verification
$925 Bank fee
$369 Doc fee
$310.50 Motor vehicle fee
$2,800 Seven refundable security deposits of $ 400

For what it's worth, I leased the exact same spec as your second deal at the end of December. The selling price, without the $7500 lease credit, was more than $9000 off the MSRP, though that included a special $1000 rebate that not everyone gets and did include the $2000 "holiday adder". I did shop a few dealers and I feel like this is about as low a price as I could get on that spec. This is on the West coast so your mileage may vary, but I think you really should concentrate on the selling price. The dealers can discount heavily as evidenced by your first deal... $40,000 selling price on the $54,000 sticker seems like a pretty good deal. Hard to judge your second deal as you didn't mention the selling price.

The selling price is $5,450 off msrp before 9.5k rebates. Am still debating with the dealer to get another 1k off, the fact that sales plummeted this year 72% for this model compare to last January lets see if they feel the pressure and give me what I want. Last January bmw north america sold 670 I3 and this year only 182.

Right now we stand on $350 a moth for 24 moths with 7 msd, they want me to give them my loyalty discount, according to them this will waive 2 moths payments and they want 1. I was thinking the loyalty only coverts $500 max for this model.

Summary

$ 350 @ 24 months 10k miles with $ 4,404.50 due at signing


$350 first month due at signing ( 1 of 2 loyalty rebates)

$925 Bank fee

$369 doc fee

$310.50 Motor vehicle fee

$2,450 refundable deposits @ 350

Michaell

samny1 said:

HI,

Do you have the RV and MF for an i3 with range extender for 24/30/36 months at 12k and 15K in NY?

Is the 2000 buildout credit and 7500 lease credit still in effect? Any other incentives?

Also, how are the numbers different for the 2016 model?

Thanks,

SM

.00132 and 56% / 56% / 50% for 15K miles. Add 2% for 12K.

Only $7500 lease cash showing now.

For 2016, the 15K residuals are 56% / 53% / 50%

samny1

Michaell said:

samny1 said:

HI,

Do you have the RV and MF for an i3 with range extender for 24/30/36 months at 12k and 15K in NY?

Is the 2000 buildout credit and 7500 lease credit still in effect? Any other incentives?

Also, how are the numbers different for the 2016 model?

Thanks,

SM

.00132 and 56% / 56% / 50% for 15K miles. Add 2% for 12K.

Only $7500 lease cash showing now.

For 2016, the 15K residuals are 56% / 53% / 50%

Thank you

warrendeath

Appreciate any help on this one.

2015 BMW i3 REX (Used(going for lease) 900 miles)

Giga World
Tech Package
Heated Seats

$39,990 Sale Price
$2,750 Trade
$5,000 Total Rebates
53% Residual
$27,136 Residual
10,000 mls/yr
.00192 MF(Estimated)
$340.87/mo


340 definitely feels way too high here. Appreciate any help though. Thanks!

bobmcnugget

I just did a deal today - my tax is different (paid up front) so payment is skewed and i also put down.

Anyway...

2015 i3 with rex, tera, tech etc
Msrp $53,975
Price Paid $36,900 (included discount, credit and bmw loyalty of 1k)
MF at buy rate 0.00132
10k Miles 30mth
$313 per mth

davinci1

bobmcnugget said:

I just did a deal today - my tax is different (paid up front) so payment is skewed and i also put down.

Anyway...

2015 i3 with rex, tera, tech etc
Msrp $53,975
Price Paid $36,900 (included discount, credit and bmw loyalty of 1k)
MF at buy rate 0.00132
10k Miles 30mth
$313 per mth

I think you have typo,dealer sale price should be $46,900

kyfdx

warrendeath said:

Appreciate any help on this one.

2015 BMW i3 REX (Used(going for lease) 900 miles)

Giga World
Tech Package
Heated Seats

$39,990 Sale Price
$2,750 Trade
$5,000 Total Rebates
53% Residual
$27,136 Residual
10,000 mls/yr
.00192 MF(Estimated)
$340.87/mo


340 definitely feels way too high here. Appreciate any help though. Thanks!

What is the MSRP?

warrendeath

kyfdx said:

warrendeath said:

Appreciate any help on this one.

2015 BMW i3 REX (Used(going for lease) 900 miles)

Giga World
Tech Package
Heated Seats

$39,990 Sale Price
$2,750 Trade
$5,000 Total Rebates
53% Residual
$27,136 Residual
10,000 mls/yr
.00192 MF(Estimated)
$340.87/mo


340 definitely feels way too high here. Appreciate any help though. Thanks!

What is the MSRP?

MSRP is $51,200. I already told them that the MF was marked up too high, and the sales price of the car was too high as well.

I had another dealer send me a monthly total of 330/mo for a more 'loaded' unit. I still felt like that was too high as well. This unit was brand new too.

kyfdx

warrendeath said:

kyfdx said:

warrendeath said:

Appreciate any help on this one.

2015 BMW i3 REX (Used(going for lease) 900 miles)

Giga World
Tech Package
Heated Seats

$39,990 Sale Price
$2,750 Trade
$5,000 Total Rebates
53% Residual
$27,136 Residual
10,000 mls/yr
.00192 MF(Estimated)
$340.87/mo


340 definitely feels way too high here. Appreciate any help though. Thanks!

What is the MSRP?

MSRP is $51,200. I already told them that the MF was marked up too high, and the sales price of the car was too high as well.

I had another dealer send me a monthly total of 330/mo for a more 'loaded' unit. I still felt like that was too high as well. This unit was brand new too.

Seems like a new one might be the way to go... They have $9500 in rebates incentives.

warrendeath

I just asked about it, the rebates and incentives. I don't think that was even factored on the new model, or the leased one. The used one doesn't seem like a great deal, to be honest and they're wanting a credit app sign.

bobmcnugget

davinci1 said:

bobmcnugget said:

I just did a deal today - my tax is different (paid up front) so payment is skewed and i also put down.

Anyway...

2015 i3 with rex, tera, tech etc
Msrp $53,975
Price Paid $36,900 (included discount, credit and bmw loyalty of 1k)
MF at buy rate 0.00132
10k Miles 30mth
$313 per mth

I think you have typo,dealer sale price should be $46,900

Nope, no typo - my price was $36,900 after discounts and credit.

warrendeath

They keep saying the lease tax credit is (up to, meaning not the full amount) and/or for finance only. Like getting them to come down price on the i3 is insane. These don't sell that well for them to be so stingent.

rockthecasbah

Hi,

I'm looking for the money factor and residual % for a 2016 BMW i3 BEV in Southern California for a 30 month/15K miles lease.

Thank you in advance!

kyfdx

rockthecasbah said:

Hi,

I'm looking for the money factor and residual % for a 2016 BMW i3 BEV in Southern California for a 30 month/15K miles lease.

Thank you in advance!

.00132 MF and 56% residual. $7500 lease credit + $2000 buildout allowance

rockthecasbah

Thank you, kyfdx!

bobmcnugget

Not lease related but I'm loving the i3. 

I have a 54k car for 313 a mth. 

I'm getting quotes of $380 a mth for a 26k jeep. Nuts. 

jmalojhu

Hello,

Could someone comment on this offer?
2015 REx Tera World with MSRP 55,300 ($50,800 with available savings)
$3000 down, $440/month for 30 months, 12k

Thanks,

Josh

jmalojhu

jmalojhu said:

Hello,

Could someone comment on this offer?
2015 REx Tera World with MSRP 55,300 ($50,800 with available savings)
$3000 down, $440/month for 30 months, 12k

Thanks,

Josh

Actually, here are better specifics:
Vehicle Selling Price $49,194.00
with tax/documentation/lieu $ 54,374.96

30mo/10k with $7500 rebate: $2995 due at signing with $441/month

Michaell

jmalojhu said:

jmalojhu said:

Hello,

Could someone comment on this offer?
2015 REx Tera World with MSRP 55,300 ($50,800 with available savings)
$3000 down, $440/month for 30 months, 12k

Thanks,

Josh

Actually, here are better specifics:
Vehicle Selling Price $49,194.00
with tax/documentation/lieu $ 54,374.96

30mo/10k with $7500 rebate: $2995 due at signing with $441/month

30/12 numbers for 2015 i3 are .00132 and 58%.

What is the net cap cost? What is the breakdown of the $2995 due at signing?

jmalojhu

Michaell said:

jmalojhu said:

jmalojhu said:

Hello,

Could someone comment on this offer?
2015 REx Tera World with MSRP 55,300 ($50,800 with available savings)
$3000 down, $440/month for 30 months, 12k

Thanks,

Josh

Actually, here are better specifics:
Vehicle Selling Price $49,194.00
with tax/documentation/lieu $ 54,374.96

30mo/10k with $7500 rebate: $2995 due at signing with $441/month

30/12 numbers for 2015 i3 are .00132 and 58%.

What is the net cap cost? What is the breakdown of the $2995 due at signing?

Net cap cost appears to be $46,874. I don't have the exact breakdown of the $3000, but I clarified that total costs to drive off lot are $2995 (inclusive of fees) and payments are $441/month for 30 months. Does that help? I can drill down for more info. They also offered One Pay option at $16287, which actually appears slightly more expensive than the monthly payments.

Thanks again,

Josh

Michaell

jmalojhu said:

Michaell said:

jmalojhu said:

jmalojhu said:

Hello,

Could someone comment on this offer?
2015 REx Tera World with MSRP 55,300 ($50,800 with available savings)
$3000 down, $440/month for 30 months, 12k

Thanks,

Josh

Actually, here are better specifics:
Vehicle Selling Price $49,194.00
with tax/documentation/lieu $ 54,374.96

30mo/10k with $7500 rebate: $2995 due at signing with $441/month

30/12 numbers for 2015 i3 are .00132 and 58%.

What is the net cap cost? What is the breakdown of the $2995 due at signing?

Net cap cost appears to be $46,874. I don't have the exact breakdown of the $3000, but I clarified that total costs to drive off lot are $2995 (inclusive of fees) and payments are $441/month for 30 months. Does that help? I can drill down for more info. They also offered One Pay option at $16287, which actually appears slightly more expensive than the monthly payments.

Thanks again,

Josh

Something doesn't add up. Where is the $7500 rebate factored into the pricing? Is there any down payment included in the $2995?

If I subtract the $7500 from the cap cost of $46,874, I get a payment of $338/mo.

jmalojhu

Michaell said:

jmalojhu said:

Michaell said:

jmalojhu said:

jmalojhu said:

Hello,

Could someone comment on this offer?
2015 REx Tera World with MSRP 55,300 ($50,800 with available savings)
$3000 down, $440/month for 30 months, 12k

Thanks,

Josh

Actually, here are better specifics:
Vehicle Selling Price $49,194.00
with tax/documentation/lieu $ 54,374.96

30mo/10k with $7500 rebate: $2995 due at signing with $441/month

30/12 numbers for 2015 i3 are .00132 and 58%.

What is the net cap cost? What is the breakdown of the $2995 due at signing?

Net cap cost appears to be $46,874. I don't have the exact breakdown of the $3000, but I clarified that total costs to drive off lot are $2995 (inclusive of fees) and payments are $441/month for 30 months. Does that help? I can drill down for more info. They also offered One Pay option at $16287, which actually appears slightly more expensive than the monthly payments.

Thanks again,

Josh

Something doesn't add up. Where is the $7500 rebate factored into the pricing? Is there any down payment included in the $2995?

If I subtract the $7500 from the cap cost of $46,874, I get a payment of $338/mo.

I had already taken the 7500 out. The 46,874 is after 7,500 out.

Thanks,
Josh

Michaell

jmalojhu said:

Michaell said:

jmalojhu said:

Michaell said:

jmalojhu said:

jmalojhu said:

Hello,

Could someone comment on this offer?
2015 REx Tera World with MSRP 55,300 ($50,800 with available savings)
$3000 down, $440/month for 30 months, 12k

Thanks,

Josh

Actually, here are better specifics:
Vehicle Selling Price $49,194.00
with tax/documentation/lieu $ 54,374.96

30mo/10k with $7500 rebate: $2995 due at signing with $441/month

30/12 numbers for 2015 i3 are .00132 and 58%.

What is the net cap cost? What is the breakdown of the $2995 due at signing?

Net cap cost appears to be $46,874. I don't have the exact breakdown of the $3000, but I clarified that total costs to drive off lot are $2995 (inclusive of fees) and payments are $441/month for 30 months. Does that help? I can drill down for more info. They also offered One Pay option at $16287, which actually appears slightly more expensive than the monthly payments.

Thanks again,

Josh

Something doesn't add up. Where is the $7500 rebate factored into the pricing? Is there any down payment included in the $2995?

If I subtract the $7500 from the cap cost of $46,874, I get a payment of $338/mo.

I had already taken the 7500 out. The 46,874 is after 7,500 out.

Thanks,
Josh

So you got no discount from sticker other than the lease cash?

I recommend you read back through the last few pages of this discussion; huge discounts have been reported by other members, before the lease cash. I think there is rom to do a lot better on this deal.

jmalojhu

Hope this his explains a bit more. There is 6500 from the dealer plus 7500 federal rebate. 

Michaell

jmalojhu said:

Hope this his explains a bit more. There is 6500 from the dealer plus 7500 federal rebate. 

What state is this?

jmalojhu

Michaell said:

jmalojhu said:

Hope this his explains a bit more. There is 6500 from the dealer plus 7500 federal rebate. 

What state is this?

Arizona. Thanks for your time, Michaell. 

Michaell

jmalojhu said:

Michaell said:

jmalojhu said:

Hope this his explains a bit more. There is 6500 from the dealer plus 7500 federal rebate. 

What state is this?

Arizona. Thanks for your time, Michaell. 

It is my understanding that AZ taxes the monthly payment ... I don't understand why there is almost $4K of tax included in the contract.

untdrums98

This is what I got today. Can we all agree that I can do better somewhere else? In all fairness, this was the very first offer I was given with no negotiation. This is for a lease in TX.

bobmcnugget

FYI My i3 sticker was $54k and I paid $36k after discounts and rebates - that was with 1000 current lease cash but not the california 2500 state rebate.

tattva

bobmcnugget said:

FYI My i3 sticker was $54k and I paid $36k after discounts and rebates - that was with 1000 current lease cash but not the california 2500 state rebate.

which state ?

jmalojhu

tattva said:

FYI My i3 sticker was $54k and I paid $36k after discounts and rebates - that was with 1000 current lease cash but not the california 2500 state rebate.

which state ?

What were the discounts?

bobmcnugget

You just have to read one page back!

2015 i3 with rex, tera, tech etc
Msrp $53,975
Price Paid $36,900 (included discount, credit and bmw loyalty of 1k)
MF at buy rate 0.00132
10k Miles 30mth

kyfdx

untdrums98 said:

This is what I got today. Can we all agree that I can do better somewhere else? In all fairness, this was the very first offer I was given with no negotiation. This is for a lease in TX.

The problem is: There is really no lease information in your quote, except for the payment, and the initial selling price, and the rebate The sales tax quoted is only for a purchase, and nowhere listed is the money factor or final adjusted CAP cost.

They make a really pretty chart, and admittedly, plenty of information, but not the specifics for a lease.

bobmcnugget

it shows the money factor along the bottom at a marked up rate (highest if tier1 they can go) although its a slightly higher for march.

His state may require the sales tax based on the price like my state and not on the depreciation.

Its showing that his price is $51,005 minus 8000 in rebate (7500 ev credit and 500 usaa).

aardvark0

Hi, What is march MF and residual for 2015 Rex and 2016 Rex 30/10 ? Thank you.

Michaell

aardvark0 said:

Hi, What is march MF and residual for 2015 Rex and 2016 Rex 30/10 ? Thank you.

2015 - .00135 and 59%. $7500 lease cash.
2016 - .00135 and 56%. $7500 lease cash

tifighter

Residual still better for the 15? Didn't see that one coming.

aardvark0

Thank you!

no $2000 build cash on 2016 either.

2017 model starts in July so they will have to offer something soon.

Michaell

tifighter said:

Residual still better for the 15? Didn't see that one coming.

Must be plenty of 2015 inventory that BMW is trying to clear off the lots.