2016 BMW i3 Lease Questions

Michaell

wolfpacker3 said:

Michaell said:

wolfpacker3 said:

Great forum!
A dealer here in the Puget Sound region told me today that residuals in the western region increased 5% today. Can you confirm? What would would that make the MF and residual for a 2016 Rex for 12k miles at 30 or 36 months in this region?
Thanks.

We don't get any mid-month updates to the numbers we have, sorry.

The dealer can't modify the residual value, so if it went up, that's good news for you if you're in the market.

Thanks Michael. For your West Coast readers, I confirmed the following with a second Seattle-area dealer today:

"Yes, the residuals went up 5% more than the July 1 percentages across the board. For a 12k lease, the residual is 67% for 30 months; 65% for 36 months. 70% for 24!"

These appear to be in effect in WA, OR and CA through the end of July. Pretty cool!

Thanks for the update and the confirmation!

bananaero

Hello,

What's the mf and residual for 30 month 36 months 10k miles a year for range extender? For PA. Any incentives?

Thanks!

Michaell

bananaero said:

Hello,

What's the mf and residual for 30 month 36 months 10k miles a year for range extender? For PA. Any incentives?

Thanks!

.00137 and 63% / 60%. $7500 lease credit.

olezhka13

Hello,

A local dealer has this offer (see below). Can you help break it down... MF, Residual, Lease Credit, etc. Is this a good deal?

Thanks,

kyfdx

Would need to see some more of the fine print. Do you have a link? I couldn't find that ad on their website.

olezhka13

Here is the link: bmwconcord.com/specials/new.htm?utm_source=AutoConnect&utm_medium=Email&utm_campaign=BMWConcordi3LeaseSpecial7.22.16

kyfdx

oksfo said:

Here is the link: bmwconcord.com/specials/new.htm?utm_source=AutoConnect&utm_medium=Email&utm_campaign=BMWConcordi3LeaseSpecial7.22.16

Did you notice the price went up? Your link shows $98/mo.

So, it's the selling price minus the $7500 lease credit, minus the $3794 downpayment for a CAP cost of $33,385. .00137 MF and 66% residual for 24mo, 10K/yr.

With that, I get a payment of $82/mo. +tax, not $98/mo.

But, if you amortized that downpayment + the $925 acq.fee + $80 doc fee, the actual payment would be closer to $288/mo.+tax. So, in reality, you could get out the door for about $300/mo, with maybe $900 due at signing. That's pretty cheap for a $50K MSRP vehicle, but it's not $98/mo. (or, $35/mo.).

bananaero

Is there a 24 month / 10k mile a year option for PA?

Michaell

bananaero said:

Is there a 24 month / 10k mile a year option for PA?

.00137 and 66%. $7500 lease credit.

bananaero

Thanks!

tiffany87

Hi, newbie here

Am interested in the 2016 BMW i3 REX for 30 months/10k miles. Here's what a dealer gave us (bay area/norcal):
MSRP $49,494
Selling price (before tax and fees): $43,900

Then they gave us options:
Cash due $3500, then monthly payment of $194, or
Cash due $4500, then monthly payment of $157, or
Cash due $5,000, then monthly payment of $139.

Do these figures look right to you? Been trying to plug them into lease calculators, but I'm getting confused. Also, if we keep negotiating the lease, are we essentially negotiating the selling price? Sorry, first time leasing and read various articles on leasing, but still not quite understanding it. Thanks for your help!

Michaell

tiffany87 said:

Hi, newbie here

Am interested in the 2016 BMW i3 REX for 30 months/10k miles. Here's what a dealer gave us (bay area/norcal):
MSRP $49,494
Selling price (before tax and fees): $43,900

Then they gave us options:
Cash due $3500, then monthly payment of $194, or
Cash due $4500, then monthly payment of $157, or
Cash due $5,000, then monthly payment of $139.

Do these figures look right to you? Been trying to plug them into lease calculators, but I'm getting confused. Also, if we keep negotiating the lease, are we essentially negotiating the selling price? Sorry, first time leasing and read various articles on leasing, but still not quite understanding it. Thanks for your help!

The number you are looking for from the dealer is the adjusted cap cost - if different than the selling price, find out what's been added.

Also, find out what the cash up front is being used for. We do not recommend a cap reduction (aka down payment) - that money would be lost if the car is stolen or totaled.

The 30/10 numbers for the 2016 i3 are .00137 and 63%. There is a $7500 lease credit available as well - my guess that is being applied after the discount on the MSRP

tiffany87

Thanks Michaell for your quick response! I'll ask the dealer and get back to you.

kitng59

Looking into an i3 but this dealer MF is .00165. Is that too high?

Michaell

kitng59 said:

Looking into an i3 but this dealer MF is .00165. Is that too high?

Yes - base MF is .00137 this month.

Politely but firmly tell them you won't sign a deal with an inflated MF. If they don't want to budge, find another dealer.

goucla

Hi - could you please share the August #s for BMW i3 lease? Incentives, MF, RV for 10k/24 months. If there have been changes from the recent 5% RV increase in mid-July, please share the material changes and advise which lease duration/mileage now provide the best all-in cost of ownership?

Going to the dealership today, would very much appreciate a reply today if at all possible. Thanks!

Michaell

goucla said:

Hi - could you please share the August #s for BMW i3 lease? Incentives, MF, RV for 10k/24 months. If there have been changes from the recent 5% RV increase in mid-July, please share the material changes and advise which lease duration/mileage now provide the best all-in cost of ownership?

Going to the dealership today, would very much appreciate a reply today if at all possible. Thanks!

The current July numbers for BMW are not set to expire until 8/31.

njhokie1

This is a great thread, thanks for helping us out!

i'm looking at a 2016 lease, 24m/12k. Looks like they are offering about 6% off MSRP now, with the full $7500 credit.
$498 doc
$505
$199
65% residual

comes out to like $4249 at singing, $279/ mo

Is there room to work with the % off MSRP, or money factor to save even more? does T1 credit get you any better MF?

Michaell

njhokie1 said:

This is a great thread, thanks for helping us out!

i'm looking at a 2016 lease, 24m/12k. Looks like they are offering about 6% off MSRP now, with the full $7500 credit.
$498 doc
$505
$199
65% residual

comes out to like $4249 at singing, $279/ mo

Is there room to work with the % off MSRP, or money factor to save even more? does T1 credit get you any better MF?

I'll need the MSRP and the adjusted cap cost in order to figure the payment.

Base MF is .00137 for top tier credit; only way to improve on that is to use MSD to buy down the MF.

sspangler

Hi Michael - Can you confirm if the 5% bump to the residuals in CA carried over to August? It looks like the advertised lease special for the Rex is using a 68% residual for 30 months. But the Bev only has a 60% residual for 36 months. Is it possible that the 5% bump is only for the Rex model? Seems strange....

Michaell

sspangler said:

Hi Michael - Can you confirm if the 5% bump to the residuals in CA carried over to August? It looks like the advertised lease special for the Rex is using a 68% residual for 30 months. But the Bev only has a 60% residual for 36 months. Is it possible that the 5% bump is only for the Rex model? Seems strange....

I can't confirm. I know BMW does have regional numbers, and the only information we have shows 63% for 30/10 and 63% for 36/10.

That said, I do see the following statement in a different doc:

i3 REx Sedan: Residual value increase for an advertised lease payment of $189/mo in target Markets

jsidhu

Looking to get the 2016 i3, what do you guys think of the current deal from roadster?

* http://imgur.com/HhbqGDo
* http://imgur.com/O0ZgBx3


BASE MODEL $42,400

Packages and Options:$5,800

* Technology + Driving Assistant Package $2,500
* Giga World $1,500
* Parking Assistant Package $1,000
* Harman/Kardon Premium Sound $800
* Premium Colors and Trims $550
* Fluid Black w/Highlight BMW i Frozen Blue $550
* MANUFACTURER FEES $995
* Destination Charge $995

MSRP (STICKER PRICE) $49,745

ROADSTER SAVINGS − $3,793

YOUR ROADSTER PRICE (before rebates, taxes & fees) $45,952

Lease Details:
* 59% residual
36 months, 12k/year: $325/month + 4500 drive off

Also, wondering if I should instead wait for the 2017, but will they still offer the same incentives?


Edit: added link to a thread mentioning no 7500 incentive for 2017 lease.. http://www.mybmwi3.com/forum/viewtopic.php?f=3&t=3996&sid=cc5dd7226dd409fbab98ad123dc0a4ad

Michaell

jsidhu said:

Looking to get the 2016 i3, what do you guys think of the current deal from roadster?

* http://imgur.com/HhbqGDo
* http://imgur.com/O0ZgBx3


BASE MODEL $42,400

Packages and Options:$5,800

* Technology + Driving Assistant Package $2,500
* Giga World $1,500
* Parking Assistant Package $1,000
* Harman/Kardon Premium Sound $800
* Premium Colors and Trims $550
* Fluid Black w/Highlight BMW i Frozen Blue $550
* MANUFACTURER FEES $995
* Destination Charge $995

MSRP (STICKER PRICE) $49,745

ROADSTER SAVINGS − $3,793

YOUR ROADSTER PRICE (before rebates, taxes & fees) $45,952

Lease Details:
* 59% residual
36 months, 12k/year: $325/month + 4500 drive off

Also, wondering if I should instead wait for the 2017, but will they still offer the same incentives?


Edit: added link to a thread mentioning no 7500 incentive for 2017 lease.. http://www.mybmwi3.com/forum/viewtopic.php?f=3&t=3996&sid=cc5dd7226dd409fbab98ad123dc0a4ad

What does the $4500 drive off cover?

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

2017 lease numbers are out ... no incentives on them, this month.

untdrums98

What are the August numbers on 24/15k, 30/15k, and 36/15k?

thanks in advance.

Michaell

untdrums98 said:

What are the August numbers on 24/15k, 30/15k, and 36/15k?

thanks in advance.

.00137 and 63% 60% 57%. $7500 lease credit.

thatdude98

Another NooB here. Can anyone give help me out on what's going on with this outline? Does it pass the sniff test for a California lease?


Yes we offer msd's dep program, money factor is .00177, and here is your purchase option or your residual for this car.

Sale Vehicle: New 2016 BMW i3 16IA 5dr HB w/AC , Automatic , Odom: 20

Payment Details

Term 30

Base Payment 229.92

Total Payment

250.61
Purchase Option 30,732.60

MSRP 45,195.00

Est. Miles Per Year 10,000

Disposition Fee 350.00

Excess Mileage Charge 0.25

Amount Due at Signing

1st Month Payment 250.61

Fees & Insurance 501.00

Upfront Taxes 811.51

Cap Reduction (Cash) 1,436.87

Total Inception Fees 2,999.99

Rebate as Cap Reduction 7,500.00

Total Drive Off 10,499.99

How Inception Fees are Paid

Cash as Drive Off 2,999.99

Total Credits 2,999.99

Remaining Due (Still Owed) 0.00

Total Cash Required on Delivery 2,999.99

Tax Information

Customer State: California Customer County: SAN MATEO

Type Amount Rate Paid

Cashdown Tax 563.55 6.2500 Upfront

Cashdown Tax 135.25 1.5000 Upfront

Cashdown Tax 112.71 1.2500 Upfront

Monthly Tax 14.37 6.2500 Capped

Monthly Tax 3.45 1.5000 Capped

Monthly Tax 2.87 1.2500 Capped

Fee Information

Description Amount Paid

Doc Fee 80.00 Upfront

Reg 345.00 Upfront

Flat Add/County Fee 20.00 Upfront

Tire Fee 7.00 Upfront

Electronic Filing 29.00 Upfront

Smog Abatement Fee 20.00 Upfront

Michaell

thatdude98 said:

Another NooB here. Can anyone give help me out on what's going on with this outline? Does it pass the sniff test for a California lease?

Yes we offer msd's dep program, money factor is .00177, and here is your purchase option or your residual for this car.

Sale Vehicle: New 2016 BMW i3 16IA 5dr HB w/AC , Automatic , Odom: 20

Payment Details

Term 30

Base Payment 229.92

Total Payment

250.61
Purchase Option 30,732.60

MSRP 45,195.00

Est. Miles Per Year 10,000

Disposition Fee 350.00

Excess Mileage Charge 0.25

Amount Due at Signing

1st Month Payment 250.61

Fees & Insurance 501.00

Upfront Taxes 811.51

Cap Reduction (Cash) 1,436.87

Total Inception Fees 2,999.99

Rebate as Cap Reduction 7,500.00

Total Drive Off 10,499.99

How Inception Fees are Paid

Cash as Drive Off 2,999.99

Total Credits 2,999.99

Remaining Due (Still Owed) 0.00

Total Cash Required on Delivery 2,999.99

Tax Information

Customer State: California Customer County: SAN MATEO

Type Amount Rate Paid

Cashdown Tax 563.55 6.2500 Upfront

Cashdown Tax 135.25 1.5000 Upfront

Cashdown Tax 112.71 1.2500 Upfront

Monthly Tax 14.37 6.2500 Capped

Monthly Tax 3.45 1.5000 Capped

Monthly Tax 2.87 1.2500 Capped

Fee Information

Description Amount Paid

Doc Fee 80.00 Upfront

Reg 345.00 Upfront

Flat Add/County Fee 20.00 Upfront

Tire Fee 7.00 Upfront

Electronic Filing 29.00 Upfront

Smog Abatement Fee 20.00 Upfront

Base MF is .00137, so the dealer is marking it up the max allowed.

What does the extra $3000 up front cover?

thatdude98

Thanks Michaell -

Here's my understanding of the 3000 up front:

1st Month Payment 250.61

Fees & Insurance 501.00

Upfront Taxes 811.51

Cap Reduction (Cash) 1,436.87
--------------------------
2999.99

Per your previous advice, I'll try to reduce that Cap Reduction (if not eliminate it completely) and try to max out MSP.

Michaell

thatdude98 said:

Thanks Michaell -

Here's my understanding of the 3000 up front:

1st Month Payment 250.61

Fees & Insurance 501.00

Upfront Taxes 811.51

Cap Reduction (Cash) 1,436.87
--------------------------
2999.99

Per your previous advice, I'll try to reduce that Cap Reduction (if not eliminate it completely) and try to max out MSP.

Keep us posted! Use the $1400 as MSD to buy down the MF.

thatdude98

Will do!

thatdude98

@Michaell -- is it common for a dealer to say the MF cannot be moved? In reference to the higher than base MF, a dealer in NoCal, stated: "They will not mark it [the MF] down instead they provide a great price. Laura"

This sounds like a load of malarkey, but I wanted an expert's opinion.

kyfdx

thatdude98 said:

@Michaell -- is it common for a dealer to say the MF cannot be moved? In reference to the higher than base MF, a dealer in NoCal, stated: "They will not mark it [the MF] down instead they provide a great price. Laura"

This sounds like a load of malarkey, but I wanted an expert's opinion.

Some dealers will absolutely not give you the base rate. Vote with your feet.

supra911

need residual rate for i3 REX 2016. 24m/10k/12k and 36m/10k/12k.. seems like 36m/10k is 65% according to bmwusa. what is the sweet spot this month? is it 30m? Also, what is the base MF? how much off with max MSD. state: CA and MA. trying to get a murderous deal if possible with my fleet discount.

Michaell

supra911 said:

need residual rate for i3 REX 2016. 24m/10k/12k and 36m/10k/12k.. seems like 36m/10k is 65% according to bmwusa. what is the sweet spot this month? is it 30m? Also, what is the base MF? how much off with max MSD. state: CA and MA. trying to get a murderous deal if possible with my fleet discount.

.00137 is the base MF; .00088 after max MSD

24/12 - 65%
30/12 - 62%
36/12 - 59%

$7500 lease credit

Now, we've had other posters suggest that there is a 5% bump in the residual for some areas of the country, though we don't have any documentation to confirm.

tompynchon1

Michaell said:

supra911 said:

need residual rate for i3 REX 2016. 24m/10k/12k and 36m/10k/12k.. seems like 36m/10k is 65% according to bmwusa. what is the sweet spot this month? is it 30m? Also, what is the base MF? how much off with max MSD. state: CA and MA. trying to get a murderous deal if possible with my fleet discount.

.00137 is the base MF; .00088 after max MSD

24/12 - 65%
30/12 - 62%
36/12 - 59%

$7500 lease credit
.

I'm in Washington DC -- I assume the MF is the same, but what's the number on 36/10 for a 2016 i3 REX?

Michaell

tompynchon1 said:

Michaell said:

supra911 said:

need residual rate for i3 REX 2016. 24m/10k/12k and 36m/10k/12k.. seems like 36m/10k is 65% according to bmwusa. what is the sweet spot this month? is it 30m? Also, what is the base MF? how much off with max MSD. state: CA and MA. trying to get a murderous deal if possible with my fleet discount.

.00137 is the base MF; .00088 after max MSD

24/12 - 65%
30/12 - 62%
36/12 - 59%

$7500 lease credit
.

I'm in Washington DC -- I assume the MF is the same, but what's the number on 36/10 for a 2016 i3 REX?

60% for 36/10

keytartony

HI @thatdude98
I am about to head out to the Roseville BMW dealership to talk about the i3. Would you mind please letting us know your success on the lease? I am a noob, and not sure how to send you a direct message.
Thanks!

thatdude98 said:

Will do!

thatdude98 said:

@Michaell -- is it common for a dealer to say the MF cannot be moved? In reference to the higher than base MF, a dealer in NoCal, stated: "They will not mark it [the MF] down instead they provide a great price. Laura"

This sounds like a load of malarkey, but I wanted an expert's opinion.

kyfdx

keytartony said:

HI @thatdude98
I am about to head out to the Roseville BMW dealership to talk about the i3. Would you mind please letting us know your success on the lease? I am a noob, and not sure how to send you a direct message.
Thanks!

thatdude98 said:

Will do!

thatdude98 said:

@Michaell -- is it common for a dealer to say the MF cannot be moved? In reference to the higher than base MF, a dealer in NoCal, stated: "They will not mark it [the MF] down instead they provide a great price. Laura"

This sounds like a load of malarkey, but I wanted an expert's opinion.

You can click on the member's name to access their page, then look for the "message" button at the top right.

thatdude98

So I leased an i3 REX today in NoCal. Here were my rough numbers:

30mo /10K

MSRP 50,0XX
Sales 46,0XX (8% off)
Residual 68%
MF .00137
MSD 7 (21000) --> .00088 (adjusted MF)
Monthly payment 272


Unfortunately, there aren't many 2016 i3s left in NoCal, at least on the Peninsula, so your mileage may vary. Thanks to @Michaell , @kyfdx, and all of you for making this fairly simple.

I think I could have done better had I been committed to the market in July, but 272 is less than the amount I considered a decent deal for a Ford CMax (277).

Michaell

thatdude98 said:

So I leased an i3 REX today in NoCal. Here were my rough numbers:

30mo /10K

MSRP 50,0XX
Sales 46,0XX (8% off)
Residual 68%
MF .00137
MSD 7 (21000) --> .00088 (adjusted MF)
Monthly payment 272


Unfortunately, there aren't many 2016 i3s left in NoCal, at least on the Peninsula, so your mileage may vary. Thanks to @Michaell , @kyfdx, and all of you for making this fairly simple.

I think I could have done better had I been committed to the market in July, but 272 is less than the amount I considered a decent deal for a Ford CMax (277).

Still, $272/mo for a $50K car is a pretty good lease deal.

Congrats, and enjoy! I'm seeing more and more of these on the roads here in CO.

Tell me, the REX is kinda like the Volt, in that there is a gas engine that can recharge the electric motor on the fly, correct?

thatdude98

@Michaell -- yes, gas engine to recharge the electric if you exhaust the electric's range. It's a peppy little car that will work for me (limited commute, employer provides valet and premier parking for electric vehicles). Now I want to get my wife something nice, possibly later this year if I can find a high residual SUV.

themush1326

Interested in either a 2016/2017 i3, the BMW supported lease deals seem almost too good to be true 159/199
When I see the lease deals quotes here some are in the 400$ range.

Are the BMW supported deals only as they are and different configurations dont apply.

Cant seem to figure out how the payments change so much

Anyone know what numbers they use to get the factory supported numbers?

kyfdx

themush1326 said:

Interested in either a 2016/2017 i3, the BMW supported lease deals seem almost too good to be true 159/199
When I see the lease deals quotes here some are in the 400$ range.

Are the BMW supported deals only as they are and different configurations dont apply.

Cant seem to figure out how the payments change so much

Anyone know what numbers they use to get the factory supported numbers?

2016: .00137 MF and 60% residual for 36/10. $7500 lease credit.

Do you have a link to the $159/mo. lease deal?

themush1326

http://www.bmwusa.com/special-offers.html

I understand the basics of leasing but don't get how they get that payment when I see payments on this thread of more than double

econobob

That advertised $199 payment requires a $2500 downpayment, which you don't want to do. On a 36 mo lease that means the equivalent monthly payment is actually $268. You can tell the dealer you're not going to do a down payment, and negotiate the selling price or possibly get a $268/mo payment without a downpayment. Based on the current high residuals in California I could see a $199 payment as possible with no downpayment if a dealer is willing to sell for at least 10% off MSRP before the $7500 rebate. However I have not seen any posts recently about which dealers if any are doing that. Those ads do not mean that there's no negotiation..know what you want to pay before going in and get a lease calculator app.

themush1326

Thanks, makes sense 268/mo to accommodate the down payment

carsam1

Hi, can you please let me know the RV, MF and offers for 2016 i3 in austin? Is there any other offer that the BMW gives like loyalty or competitive/conquest offer?

themush1326

When I put in the residual/mf and 7500 rebate + 2500 down I get 343/mo
Is the selling price(cap cost) below msrp on i3 REX

What number get the 199/mo

kyfdx

carsam1 said:

Hi, can you please let me know the RV, MF and offers for 2016 i3 in austin? Is there any other offer that the BMW gives like loyalty or competitive/conquest offer?

.00137 MF and 57% residual for 36/15.
$7500 lease credit.
No info on other incentives.

kyfdx

themush1326 said:

When I put in the residual/mf and 7500 rebate + 2500 down I get 343/mo
Is the selling price(cap cost) below msrp on i3 REX

What number get the 199/mo

Yes... the advertised deal assumes a dealer discount from MSRP. (what that amount is, I don't know).