2017 BMW i3 Lease Deals and Prices

maybei3

Is any information available on the lease rates and incentives for 2017 i3 BEV? Maybe August will be the first month information is available?

kyfdx

maybei3 said:

Is any information available on the lease rates and incentives for 2017 i3 BEV? Maybe August will be the first month information is available?

.00137 MF and 50% residual for 36mo, 15K/yr

goucla

When are 2017 inventory supposed to start showing up at dealerships?

Michaell

goucla said:

When are 2017 inventory supposed to start showing up at dealerships?

No idea ... though, I do have July lease numbers on the 2017 i3, so it's possible they are already showing up.

maybei3

Thanks for the information.

I ordered a 2017 i3 in June. It was built July 25 and expected at the dealership September. Don't think 2017 models will be on lots until late August or early September.

I'm hoping the incentives and residual improve in September. If the numbers don't work I'll get my deposit back and wait a year.

maybei3

Do you have the rates for 36 month 12k miles?

Michaell

maybei3 said:

Do you have the rates for 36 month 12k miles?

I do, but you aren't gonna like it. No $7500 lease credit yet on the 2017's. BMW is pushing the 2016 models at the moment.

That may change in September, however.

maybei3

Sure. Please provide the current 36/12 rates.

I'll check back in Sept. Car is likely to come in early Sept.

Thanks for being a great resource to reality check the dealer network.

Michaell

maybei3 said:

Sure. Please provide the current 36/12 rates.

I'll check back in Sept. Car is likely to come in early Sept.

Thanks for being a great resource to reality check the dealer network.

.00137 and 52%. These numbers expire 8/31, so there will be new numbers next month.

And, it's possible the $7500 lease credit will be available on the 2017's at that time.

maybei3

Checking back for September rates on a 36 month , 12k miles, lease. Any change in the rates this month?

kyfdx

maybei3 said:

Checking back for September rates on a 36 month , 12k miles, lease. Any change in the rates this month?

.00136 MF and 57% residual
$7500 lease credit.
$1000 option allowance

onezerohero

Nice! But are 2017 i3s available?

Michaell

onezerohero said:

Nice! But are 2017 i3s available?

The numbers quoted above are for the 2017 i3.

Oh - you mean available on the lot?

I imagine if the numbers are available, the inventory is not far behind.

onezerohero

Yes, I meant numbers on the lot. I've called several So Cal dealers and they're all sold out of 2016s, and no one has 2017s - said expect to have them early-October. They couldn't even provide pricing or leasing information.

Michaell

onezerohero said:

Yes, I meant numbers on the lot. I've called several So Cal dealers and they're all sold out of 2016s, and no one has 2017s - said expect to have them early-October. They couldn't even provide pricing or leasing information.

Well, the numbers are available ... just need the stock to accompany it.

Usually, it's the other way around. Dealers get inventory, but there aren't any lease numbers to use.

onezerohero

kyfdx said:

.00136 MF and 57% residual
$7500 lease credit.
$1000 option allowance

Are these numbers the same for 2017 i3 BEV and REx or the numbers different between the BEV and REx?

Michaell

onezerohero said:

kyfdx said:

.00136 MF and 57% residual
$7500 lease credit.
$1000 option allowance

Are these numbers the same for 2017 i3 BEV and REx or the numbers different between the BEV and REx?

Same for both models.

maybei3

Quite the improvement in rates. Thanks!

krwoibnvts

kyfdx said:

maybei3 said:

Checking back for September rates on a 36 month , 12k miles, lease. Any change in the rates this month?

.00136 MF and 57% residual
$7500 lease credit.
$1000 option allowance

What is the option allowance? How do I introduce that into negotiations?

Michaell

krwoibnvts said:

kyfdx said:

maybei3 said:

Checking back for September rates on a 36 month , 12k miles, lease. Any change in the rates this month?

.00136 MF and 57% residual
$7500 lease credit.
$1000 option allowance

What is the option allowance? How do I introduce that into negotiations?

Option allowance is like an incentive, and likely to be included in any offer from the dealer.

However, it doesn't hurt to be polite and verify that.

onezerohero

I know that this was answered for 36/12, but I'd like to know for all combinations MF and residual. I'm trying to calculate all scenarios. September 2016 lease rates (MF and residuals) for MY2017 i3 BEV... 24/10, 24/12, 24/15, 30/10, 30/12, 30/15, 36/10, 36/12, and 36/15. One post for all else looking for different combinations, too

Also do rates differ from region to region? For example, I'm in Southern California. Will rates be different compared to Northern California or East Coast?

Thank you!

kyfdx

The program we have says it's National.
Could California have special programs? Possibly, but we won't have them.

.00136 MF for all terms
15K/yr residuals are 61%/58%/55% for 24/30/36 months
Add 2% for 12K/yr or 3% for 10K/yr

onezerohero

kyfdx said:

The program we have says it's National.
Could California have special programs? Possibly, but we won't have them.

.00136 MF for all terms
15K/yr residuals are 61%/58%/55% for 24/30/36 months
Add 2% for 12K/yr or 3% for 10K/yr

Thank you!

onezerohero

What's your take on residual movement from month-to-month or season-to-season? Does it stay pretty static from now until near end of year, beginning of the new year, mid-year?

I wish there was some historical residual table so I can see if there is a pattern, so maybe holding out until mid-year is better instead of getting one now.

Michaell

onezerohero said:

What's your take on residual movement from month-to-month or season-to-season? Does it stay pretty static from now until near end of year, beginning of the new year, mid-year?

I wish there was some historical residual table so I can see if there is a pattern, so maybe holding out until mid-year is better instead of getting one now.

No rhyme or reason to residual movement. The bean counters and the marketing folks get together each month and determine the values that will move inventory. Often the numbers they come up with don't represent the true value of the car after 24 or 36 months.

onezerohero

Are kyfdx and Michaell BMW dealers? You both are so knowledgeable!

Michaell

onezerohero said:

Are kyfdx and Michaell BMW dealers? You both are so knowledgeable!

Nope. Just friendly guys on the internet with the information you seek.

kyfdx

Michaell said:

onezerohero said:

Are kyfdx and Michaell BMW dealers? You both are so knowledgeable!

Nope. Just friendly guys on the internet with the information you seek.

He is the friendly one.. :@

onezerohero

Which credit credit scoring company does BMWFS use: Equifax, Transunion, or Experian?

What are the BMWFS tiers based off what score? I'm assuming the 0.00136 MF is based off of a "tier 1 (excellent)" credit score, but what qualifies for excellent... =< 730?

Also, what are the other tiers and how much more will the MF be effected?

Michaell

onezerohero said:

Which credit credit scoring company does BMWFS use: Equifax, Transunion, or Experian?

What are the BMWFS tiers based off what score? I'm assuming the 0.00136 MF is based off of a "tier 1 (excellent)" credit score, but what qualifies for excellent... =< 730?

Also, what are the other tiers and how much more will the MF be effected?

Don't know which credit company BMW uses.

Anything above 675 is tier 1.

640-674 add .00020
601-639 add .00040
575-600 add .00060

onezerohero

Michaell said:

onezerohero said:

Which credit credit scoring company does BMWFS use: Equifax, Transunion, or Experian?

What are the BMWFS tiers based off what score? I'm assuming the 0.00136 MF is based off of a "tier 1 (excellent)" credit score, but what qualifies for excellent... =< 730?

Also, what are the other tiers and how much more will the MF be effected?

Don't know which credit company BMW uses.

Anything above 675 is tier 1.

640-674 add .00020
601-639 add .00040
575-600 add .00060

Oh wow! 675 is pretty lenient! I know I guessed starting at 730, but really thought it would be more like >= 750.

Thank you!

krwoibnvts

kyfdx said:

maybei3 said:

Checking back for September rates on a 36 month , 12k miles, lease. Any change in the rates this month?

.00136 MF and 57% residual
$7500 lease credit.
$1000 option allowance

Is the $1000 option allowance a taxable cap cost reduction or is that deducted from the selling price?

Michaell

krwoibnvts said:

kyfdx said:

maybei3 said:

Checking back for September rates on a 36 month , 12k miles, lease. Any change in the rates this month?

.00136 MF and 57% residual
$7500 lease credit.
$1000 option allowance

Is the $1000 option allowance a taxable cap cost reduction or is that deducted from the selling price?

Taxable cap reduction

baileys2

Hi! Would like to know the numbers for 2017 i3 BEV and any incentives. Don't know if it matters what state we're in, but I'm in Hawaii.

If he stated MF as .00176, did the dealer mark it up on their own? There's only 1 dealership on the island, so don't know how much negotiating power I have.

Don't know if this can be answered at this time, but how much are people negotiating sales price to?

Just an FYI to others, 2016's are sold out here, and dealer said 2017 i3 are expected on the lot during 1st or second week in October

Thanks for your time and help.

kyfdx

baileys2 said:

Hi! Would like to know the numbers for 2017 i3 BEV and any incentives. Don't know if it matters what state we're in, but I'm in Hawaii.

If he stated MF as .00176, did the dealer mark it up on their own? There's only 1 dealership on the island, so don't know how much negotiating power I have.

Don't know if this can be answered at this time, but how much are people negotiating sales price to?

Just an FYI to others, 2016's are sold out here, and dealer said 2017 i3 are expected on the lot during 1st or second week in October

Thanks for your time and help.

.00136 MF and 55% residual for 36/15.
$7500 lease credit
$1000 option allowance

Money factor is marked up the maximum. (yes, the dealer did it).

eticket99

MF/residual for i3 Rex? Southern California

36/12 & 30/12? It seems lots of dealers are marking up the MF as these cars are just appearing on lots.

Confirm $7500 rebate & $1000 option allowance?

Michaell

eticket99 said:

MF/residual for i3 Rex? Southern California

36/12 & 30/12? It seems lots of dealers are marking up the MF as these cars are just appearing on lots.

Confirm $7500 rebate & $1000 option allowance?

.00136 and 57% (36/12) or 60% (30/12). Confirm $7500 lease credit and $1000 option allowance.

shinchanwu

Hello,

I just leased a 2017 i3 Rex with park assist pkg.

36 month lease, zero down zero drive off, $3500 refundable security deposit, 15k miles, payment is $465 including tax. is this a good deal?

thanks for your help

Michaell

shinchanwu said:

Hello,

I just leased a 2017 i3 Rex with park assist pkg.

36 month lease, zero down zero drive off, $3500 refundable security deposit, 15k miles, payment is $465 including tax. is this a good deal?

thanks for your help

What is the MSRP and adjusted cap cost?

State and tax rate?

jetsurgn

Has anyone purchased a 2017 yet and if so what was your deal!
How quick will inventory rise allowing better deals?
Thanks!

ewwhite

Looking at a 2017 i3 REX Giga with all options (NAV, Drivers Assistance, Moonroof) in the Chicago area.

Any thoughts on this deal presentation?

MSRP $55,145
Discount $2,000
Government fees $236
Capitalized Taxes $3,424.10
Acquisition Fee $925
Money factor .00088 after 7 x MSDs
Gross Capitalized Cost $56,569.10
Residual Value $31,984.10
Rebate $9,000
Cash Cap Reduction $0
Net Cap Cost $47,569.10
Amount Paid by Customer $548.19

5,725.46 total due at signing

Worksheet: http://i.imgur.com/LLDHoZo.png

Michaell

ewwhite said:

Looking at a 2017 i3 REX Giga with all options (NAV, Drivers Assistance, Moonroof) in the Chicago area.

Any thoughts on this deal presentation?

MSRP $55,145
Discount $2,000
Government fees $236
Capitalized Taxes $3,424.10
Acquisition Fee $925
Money factor .00088 after 7 x MSDs
Gross Capitalized Cost $56,569.10
Residual Value $31,984.10
Rebate $9,000
Cash Cap Reduction $0
Net Cap Cost $47,569.10
Amount Paid by Customer $548.19

5,725.46 total due at signing

Worksheet: http://i.imgur.com/LLDHoZo.png

My pre-tax calculations are within $1 of that quote. The taxes in Cook County really hurt....

ewwhite

My question is if the taxes are valid. I thought that beginning 1/2015, only the lease payments in Illinois were taxed, not the Net Cap Cost.

Am I wrong there?

Michaell

ewwhite said:

My question is if the taxes are valid. I thought that beginning 1/2015, only the lease payments in Illinois were taxed, not the Net Cap Cost.

Am I wrong there?

It is my understanding that the state taxes the sum of the lease payments and collects that amount up front; Cook County then taxes the payment monthly.

I think it works out to something like a 17% tax rate, total.

ewwhite

And from your calculations, you don't really see a discount on MSRP here, do you?

Michaell

ewwhite said:

And from your calculations, you don't really see a discount on MSRP here, do you?

I didn't look - I simply used the numbers you provided.

onezerohero

1st of the month... what are the lease deals (money factor, residuals, credits, allowances, etc.) for MY2017 i3 for this October 2016 - every which way 24mo/30/36 at 10k/12/15?

Michaell

onezerohero said:

1st of the month... what are the lease deals (money factor, residuals, credits, allowances, etc.) for MY2017 i3 for this October 2016 - every which way 24mo/30/36 at 10k/12/15?

No change (yet) from September.

onezerohero

Michaell said:

onezerohero said:

1st of the month... what are the lease deals (money factor, residuals, credits, allowances, etc.) for MY2017 i3 for this October 2016 - every which way 24mo/30/36 at 10k/12/15?

No change (yet) from September.

Ah, too early to ask I guess

kyfdx

onezerohero said:

Michaell said:

onezerohero said:

1st of the month... what are the lease deals (money factor, residuals, credits, allowances, etc.) for MY2017 i3 for this October 2016 - every which way 24mo/30/36 at 10k/12/15?

No change (yet) from September.

Ah, too early to ask I guess

The September program from BMW runs through October 31st

omid_i3

kyfdx said:

.00136 MF for all terms
15K/yr residuals are 61%/58%/55% for 24/30/36 months
Add 2% for 12K/yr or 3% for 10K/yr

There is an offer on bmwusa.com for i3-REX but I can't make the numbers work. Could you please take a look?

BMW said:

Offer not valid in Puerto Rico. Lease financing available on new 2017 BMW i3 Range Extender from participating BMW centers on leases assigned to BMW Financial Services through October 31, 2016. Monthly lease payments of $309.00 for 36 months based on MSRP of $51,745.00. $4,234.00 cash due at signing is based on $3,000.00 down payment, $309.00 first month payment, $925.00 acquisition fee, and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $30,012.00. Offer valid through October 31, 2016 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. $7,500 Lease Credit is a credit against the MSRP on the lease of a i3 Range Extender. $1,000 Option Allowance available on BMW i3 Range Extender models. All Credits valid through October 31, 2016. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment. All 2017 BMW Passenger Cars & Light Trucks come standard with BMW Ultimate Care for up to 3 years or 36,000 miles, whichever comes first, and begins on the original in-service date. For model year 2015 or later vehicles sold or leased by an authorized BMW center on or after July 1, 2014, BMW Maintenance Program coverage is not transferable to subsequent purchasers, owners, or lessees. Please see bmwusa.com/UltimateCare or ask your authorized BMW center for details. ©2016 BMW of North America, LLC. The BMW name, model names and logo are registered trademarks.

An online lease calculator gives a $380 (rather than $309) monthly payment for 36mo/10K excluding tax, license, etc.:

lease calculator said:

MSRP $51,745
Incentives $7500 + $1000
Down payment 3000
Net Capitalized Cost $40,425
Residual Value $30,012 (58%)
Money factor .00136