2017 BMW i3 Lease Deals and Prices

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  • smachine03smachine03 Member Posts: 4
    Just got an 2017 i3 BEV today in SOCAL, thought I would share to have another data point.
    MSRP: 49,245
    Sale Price: 44,245 (5k off including the 1k build cash) before the $7500 incentive
    MF .00136 7 MSD 12k miles, 60% Residual for 30 months
    Down: 2500 (will be getting $2500 back from CA rebate), all other fees already included
    After CA tax: $318 a month (forgot pretax amount - think around 280-290).
    Total Cost of car for 30 months = $9540
  • MichaellMichaell Moderator Posts: 255,659
    omid_i3 said:

    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.:

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

    Likely to be a dealer discount in there that isn't disclosed.

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  • MichaellMichaell Moderator Posts: 255,659

    Just got an 2017 i3 BEV today in SOCAL, thought I would share to have another data point.
    MSRP: 49,245
    Sale Price: 44,245 (5k off including the 1k build cash) before the $7500 incentive
    MF .00136 7 MSD 12k miles, 60% Residual for 30 months
    Down: 2500 (will be getting $2500 back from CA rebate), all other fees already included
    After CA tax: $318 a month (forgot pretax amount - think around 280-290).
    Total Cost of car for 30 months = $9540

    Solid deal! Congrats, and enjoy.

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  • omid_i3omid_i3 Member Posts: 4

    Just got an 2017 i3 BEV today in SOCAL, thought I would share to have another data point.
    MSRP: 49,245
    Sale Price: 44,245 (5k off including the 1k build cash) before the $7500 incentive
    MF .00136 7 MSD 12k miles, 60% Residual for 30 months
    Down: 2500 (will be getting $2500 back from CA rebate), all other fees already included
    After CA tax: $318 a month (forgot pretax amount - think around 280-290).
    Total Cost of car for 30 months = $9540

    Congrats on the new car and thanks for sharing. Would you mind indicating which dealer you used?

  • omid_i3omid_i3 Member Posts: 4
    Michaell said:

    omid_i3 said:

    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.:

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

    Likely to be a dealer discount in there that isn't disclosed.
    Thanks! What is a dealer discount? Does the dealer get to decide the amount? Who will eventually pay for it, BMW or the dealer?
  • MichaellMichaell Moderator Posts: 255,659
    omid_i3 said:

    Michaell said:

    omid_i3 said:

    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.:

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

    Likely to be a dealer discount in there that isn't disclosed.
    Thanks! What is a dealer discount? Does the dealer get to decide the amount? Who will eventually pay for it, BMW or the dealer?
    Discount from sticker price, absorbed by the dealer.

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  • christianj55christianj55 Member Posts: 1
    $5k off including the $1k build cash is a fine deal. I haven't been able to get MA dealers anywhere close to that and there are no BEV's around, unfortunately.
  • spongecarspongecar Member Posts: 15

    Just got an 2017 i3 BEV today in SOCAL, thought I would share to have another data point.
    MSRP: 49,245
    Sale Price: 44,245 (5k off including the 1k build cash) before the $7500 incentive
    MF .00136 7 MSD 12k miles, 60% Residual for 30 months
    Down: 2500 (will be getting $2500 back from CA rebate), all other fees already included
    After CA tax: $318 a month (forgot pretax amount - think around 280-290).
    Total Cost of car for 30 months = $9540

    Which dealership in SoCal?

    I received a quote with a line that says "Tax on Credit," what is this?
  • MichaellMichaell Moderator Posts: 255,659
    spongecar said:

    Just got an 2017 i3 BEV today in SOCAL, thought I would share to have another data point.
    MSRP: 49,245
    Sale Price: 44,245 (5k off including the 1k build cash) before the $7500 incentive
    MF .00136 7 MSD 12k miles, 60% Residual for 30 months
    Down: 2500 (will be getting $2500 back from CA rebate), all other fees already included
    After CA tax: $318 a month (forgot pretax amount - think around 280-290).
    Total Cost of car for 30 months = $9540

    Which dealership in SoCal?

    I received a quote with a line that says "Tax on Credit," what is this?
    The incentives are subject to sales tax.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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  • omid_i3omid_i3 Member Posts: 4
    Not sure if this is the right place to ask, but when will 2017 i3 be added to edmunds.com new cars? Right now, it's only 2015 and 2016 models which are almost impossible to find.
  • kyfdxkyfdx Moderator Posts: 257,351
    omid_i3 said:

    Not sure if this is the right place to ask, but when will 2017 i3 be added to edmunds.com new cars? Right now, it's only 2015 and 2016 models which are almost impossible to find.

    I don't have that info. From any page on Edmunds, scroll to the bottom and click "Help", and someone will get back to you with a response.

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  • gwh1341gwh1341 Member Posts: 5
    Hello gentlemen,

    I have been getting quotes on a 2017 i3 REX. I haven't been offered the 1000 option allowance, only the 7500 for the tax credit. Is the option allowance still in play?

    I've seen MFs from .00156 to .00176, and residuals of 62 and 61%. What numbers are you guys seeing this month? 36 months, 10k miles/yr.

    Thanks!
  • kyfdxkyfdx Moderator Posts: 257,351
    gwh1341 said:

    Hello gentlemen,

    I have been getting quotes on a 2017 i3 REX. I haven't been offered the 1000 option allowance, only the 7500 for the tax credit. Is the option allowance still in play?

    I've seen MFs from .00156 to .00176, and residuals of 62 and 61%. What numbers are you guys seeing this month? 36 months, 10k miles/yr.

    Thanks!

    .00136 MF and 58% residual for 36/10.
    61% residual would have to be a 30/10 lease.
    $1000 option allowance is still there.

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  • illumin8illumin8 Member Posts: 3
    Hello all, I was wondering if you could give me some advice as to whether this is a good lease deal for a 2017 i3 with Rex, Fluid Black non metallic paint, and Deka Dark Cloth interior:

    MSRP: $49,145.00
    Sale price: $35,645 (includes $13,500 discounts, federal, CT state, not sure what else)

    24 month lease with 10K miles per year

    MF: .00109
    Residual: 64% ($31,452)

    Monthly payment: $249.90

    Cash due on Lease: $4,152.43

    includes:

    First payment: $249.90
    Security deposit: $1,750.00
    Cap Red: $300.00
    Tax on Cap Red: $19.05
    Acq Fee: $925.00
    DMV Fees: $200.00
    Doc Fee: $599.00
    DMV/Doc Tax: $50.74
    Tax on Fees: $58.74

    I'm not sure this is a good price because he didn't mark down MSRP at all (as near as I can tell). Also, the fees seem a little excessive, are these negotiable?

    $2402.43: up front cost minus deposit
    $5747.70: remaining 23 monthly payments

    Total cost for duration of lease: $8,150.13

    Do you think this is a good price? Where should I try to negotiate? On the MSRP, or on the fees? Both?

    Thanks in advance for your help!
  • davidtxdavidtx Member Posts: 1
    This site was helpful for me to understand a descent deal. I'm jealous of those in California due to taxes and the $2.5k state rebate. That is huge on a lease.

    I'm in Texas and signed a deal yesterday for the following parameters:

    2017 REX, White, Tera world, Park pkg, tech + drive pkg, moonroof, h/k sound

    36 months
    15k miles / year
    ==> residual = 55%

    6% discount off MSRP

    .00127 MF with a $3500 security deposit
  • kyfdxkyfdx Moderator Posts: 257,351
    illumin8 said:

    Hello all, I was wondering if you could give me some advice as to whether this is a good lease deal for a 2017 i3 with Rex, Fluid Black non metallic paint, and Deka Dark Cloth interior:

    MSRP: $49,145.00
    Sale price: $35,645 (includes $13,500 discounts, federal, CT state, not sure what else)

    24 month lease with 10K miles per year

    MF: .00109
    Residual: 64% ($31,452)

    Monthly payment: $249.90

    Cash due on Lease: $4,152.43

    includes:

    First payment: $249.90
    Security deposit: $1,750.00
    Cap Red: $300.00
    Tax on Cap Red: $19.05
    Acq Fee: $925.00
    DMV Fees: $200.00
    Doc Fee: $599.00
    DMV/Doc Tax: $50.74
    Tax on Fees: $58.74

    I'm not sure this is a good price because he didn't mark down MSRP at all (as near as I can tell). Also, the fees seem a little excessive, are these negotiable?

    $2402.43: up front cost minus deposit
    $5747.70: remaining 23 monthly payments

    Total cost for duration of lease: $8,150.13

    Do you think this is a good price? Where should I try to negotiate? On the MSRP, or on the fees? Both?

    Thanks in advance for your help!

    They took $13,500 off the MSRP. Some of that has to be a dealer discount, right?
    The $599 doc fee is excessive.
    If you made 7 MSDs, then the base MF should be .00087, not .00109. So, that looks like a markup.
    Is the payment $249/mo, with tax included? I don't see sales tax included anywhere in the lease.
    With your numbers, I get $248/mo. pre-tax.
    Makes me wonder if the actual MF is .00087, which would result in $233/mo.+tax.

    If you subtract deposits and first payment from your upfront money, and amortize the rest of it, it works out to about $340/mo., which is pretty cheap for a 24 month lease.
    I'd verify the money factor and the pre- and post-tax payment.

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  • illumin8illumin8 Member Posts: 3
    I got a quote from a local dealer in CT
    kyfdx said:

    illumin8 said:

    Hello all, I was wondering if you could give me some advice as to whether this is a good lease deal for a 2017 i3 with Rex, Fluid Black non metallic paint, and Deka Dark Cloth interior:

    MSRP: $49,145.00
    Sale price: $35,645 (includes $13,500 discounts, federal, CT state, not sure what else)

    24 month lease with 10K miles per year

    MF: .00109
    Residual: 64% ($31,452)

    Monthly payment: $249.90

    Cash due on Lease: $4,152.43

    includes:

    First payment: $249.90
    Security deposit: $1,750.00
    Cap Red: $300.00
    Tax on Cap Red: $19.05
    Acq Fee: $925.00
    DMV Fees: $200.00
    Doc Fee: $599.00
    DMV/Doc Tax: $50.74
    Tax on Fees: $58.74

    I'm not sure this is a good price because he didn't mark down MSRP at all (as near as I can tell). Also, the fees seem a little excessive, are these negotiable?

    $2402.43: up front cost minus deposit
    $5747.70: remaining 23 monthly payments

    Total cost for duration of lease: $8,150.13

    Do you think this is a good price? Where should I try to negotiate? On the MSRP, or on the fees? Both?

    Thanks in advance for your help!

    They took $13,500 off the MSRP. Some of that has to be a dealer discount, right?
    The $599 doc fee is excessive.
    If you made 7 MSDs, then the base MF should be .00087, not .00109. So, that looks like a markup.
    Is the payment $249/mo, with tax included? I don't see sales tax included anywhere in the lease.
    With your numbers, I get $248/mo. pre-tax.
    Makes me wonder if the actual MF is .00087, which would result in $233/mo.+tax.

    If you subtract deposits and first payment from your upfront money, and amortize the rest of it, it works out to about $340/mo., which is pretty cheap for a 24 month lease.
    I'd verify the money factor and the pre- and post-tax payment.
    The monthly payment is $234.98 + $14.92 sales tax for a total payment of $249.90

    On the MF section, it says:

    Base MF Buy Rate: 0.00136
    MSD Adjustment: -0.00049
    One Pay Adjustment: 0
    Adjustment to MF: -0.00087
    Adjustment MF Buy Rate: 0
    Customer MF: 0.00109
    Money Factor Mark-Up: 0.00109
    Reason for Adj: Extra Miles

    Thanks for all your help; this is great info!
  • kyfdxkyfdx Moderator Posts: 257,351
    illumin8 said:

    I got a quote from a local dealer in CT

    kyfdx said:

    illumin8 said:

    Hello all, I was wondering if you could give me some advice as to whether this is a good lease deal for a 2017 i3 with Rex, Fluid Black non metallic paint, and Deka Dark Cloth interior:

    MSRP: $49,145.00
    Sale price: $35,645 (includes $13,500 discounts, federal, CT state, not sure what else)

    24 month lease with 10K miles per year

    MF: .00109
    Residual: 64% ($31,452)

    Monthly payment: $249.90

    Cash due on Lease: $4,152.43

    includes:

    First payment: $249.90
    Security deposit: $1,750.00
    Cap Red: $300.00
    Tax on Cap Red: $19.05
    Acq Fee: $925.00
    DMV Fees: $200.00
    Doc Fee: $599.00
    DMV/Doc Tax: $50.74
    Tax on Fees: $58.74

    I'm not sure this is a good price because he didn't mark down MSRP at all (as near as I can tell). Also, the fees seem a little excessive, are these negotiable?

    $2402.43: up front cost minus deposit
    $5747.70: remaining 23 monthly payments

    Total cost for duration of lease: $8,150.13

    Do you think this is a good price? Where should I try to negotiate? On the MSRP, or on the fees? Both?

    Thanks in advance for your help!

    They took $13,500 off the MSRP. Some of that has to be a dealer discount, right?
    The $599 doc fee is excessive.
    If you made 7 MSDs, then the base MF should be .00087, not .00109. So, that looks like a markup.
    Is the payment $249/mo, with tax included? I don't see sales tax included anywhere in the lease.
    With your numbers, I get $248/mo. pre-tax.
    Makes me wonder if the actual MF is .00087, which would result in $233/mo.+tax.

    If you subtract deposits and first payment from your upfront money, and amortize the rest of it, it works out to about $340/mo., which is pretty cheap for a 24 month lease.
    I'd verify the money factor and the pre- and post-tax payment.
    The monthly payment is $234.98 + $14.92 sales tax for a total payment of $249.90

    On the MF section, it says:

    Base MF Buy Rate: 0.00136
    MSD Adjustment: -0.00049
    One Pay Adjustment: 0
    Adjustment to MF: -0.00087
    Adjustment MF Buy Rate: 0
    Customer MF: 0.00109
    Money Factor Mark-Up: 0.00109
    Reason for Adj: Extra Miles

    Thanks for all your help; this is great info!
    No clue what "extra miles" would have to do with a money factor adjustment. It's just a markup, plain and simple.

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  • illumin8illumin8 Member Posts: 3
    The dealer says he was able to get an extra $1000 credit by increasing the MF. On the 36 month lease, it was better to have the lower MF, but on the 24 month lease it was better to buy down the sale price. Does that sound legit?
  • kyfdxkyfdx Moderator Posts: 257,351
    illumin8 said:

    The dealer says he was able to get an extra $1000 credit by increasing the MF. On the 36 month lease, it was better to have the lower MF, but on the 24 month lease it was better to buy down the sale price. Does that sound legit?

    The dealer gets paid 70% of the extra funds generated by the money factor increase. (as a general rule).
    Maybe, they have another incentive program we don't know about.
    Either way, do you think you benefited from the $1000, or the dealer?

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  • reedog117reedog117 Member Posts: 4
    New numbers for residuals for 24/12k, 30/12k, 36/12k for Nov 2016 on the East Coast? Also any lease cash other than the $7500? Looks like the $1k option incentive from September/October disappeared and deals are actually worse...
  • MichaellMichaell Moderator Posts: 255,659
    reedog117 said:

    New numbers for residuals for 24/12k, 30/12k, 36/12k for Nov 2016 on the East Coast? Also any lease cash other than the $7500? Looks like the $1k option incentive from September/October disappeared and deals are actually worse...

    Limited information for November, so far.

    .00134 and 58% for 36/10. $7500 lease credit.

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  • kyfdxkyfdx Moderator Posts: 257,351
    reedog117 said:

    New numbers for residuals for 24/12k, 30/12k, 36/12k for Nov 2016 on the East Coast? Also any lease cash other than the $7500? Looks like the $1k option incentive from September/October disappeared and deals are actually worse...

    .00134 MF and 63%/60%/57% residual for 12K/yr.
    $7500 lease credit.

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  • krwoibnvtskrwoibnvts Member Posts: 7
    Michaell said:

    reedog117 said:

    New numbers for residuals for 24/12k, 30/12k, 36/12k for Nov 2016 on the East Coast? Also any lease cash other than the $7500? Looks like the $1k option incentive from September/October disappeared and deals are actually worse...

    Limited information for November, so far.

    .00134 and 58% for 36/10. $7500 lease credit.
    I thought lease deals were suppose to get better near year-end, not worse :'(
  • kyfdxkyfdx Moderator Posts: 257,351

    Michaell said:

    reedog117 said:

    New numbers for residuals for 24/12k, 30/12k, 36/12k for Nov 2016 on the East Coast? Also any lease cash other than the $7500? Looks like the $1k option incentive from September/October disappeared and deals are actually worse...

    Limited information for November, so far.

    .00134 and 58% for 36/10. $7500 lease credit.
    I thought lease deals were suppose to get better near year-end, not worse :'(
    Doesn't look that way for BMW, this year.

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  • vandezeevandezee Member Posts: 18
    Looking for November lease info for an i3: RV for 24/10k, 30/10k and 36/10k.. And what about 7.5k miles/year option. Does BMWFS offer it ?
  • kyfdxkyfdx Moderator Posts: 257,351
    vandezee said:

    Looking for November lease info for an i3: RV for 24/10k, 30/10k and 36/10k.. And what about 7.5k miles/year option. Does BMWFS offer it ?

    .00134 MF and 64%/61%/58% residual.

    7.5K/yr is only available on the 7-Series.

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  • vandezeevandezee Member Posts: 18
    Thanks kyfdx.. Numbers in November are not good :(
  • tippanietippanie Member Posts: 2
    shopping around for 2017 bmw i3 extended range.
    12k/36m 15k/36m.
    any incentive in November.
  • tippanietippanie Member Posts: 2
    what do you think about this deal?
    Msrp: 48,445
    Sale price: 44,830
    Incentives:$7500 lease cash (goes towards your drive off)
    Money factor:.00134
    Residue value: 57% 12k, 55% 15k
    Acq fee: $925 
    First payment and tax title and etc. $459.64 inc tax
    DMV Fees: $373
    Doc Fee:$80
    DMV/Doc Tax: see below
    Tax on Fees: $491.73
    Monthly payment with tax:$459.64 12k and $488.14 15k
     
    Every 1k you put down lowers the payment $30.   
  • kyfdxkyfdx Moderator Posts: 257,351
    tippanie said:

    shopping around for 2017 bmw i3 extended range.
    12k/36m 15k/36m.
    any incentive in November.

    .00134 MF and 57%/55% residual
    $7500 lease credit

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  • kyfdxkyfdx Moderator Posts: 257,351
    tippanie said:

    what do you think about this deal?
    Msrp: 48,445
    Sale price: 44,830
    Incentives:$7500 lease cash (goes towards your drive off)
    Money factor:.00134
    Residue value: 57% 12k, 55% 15k
    Acq fee: $925 
    First payment and tax title and etc. $459.64 inc tax
    DMV Fees: $373
    Doc Fee:$80
    DMV/Doc Tax: see below
    Tax on Fees: $491.73
    Monthly payment with tax:$459.64 12k and $488.14 15k
     
    Every 1k you put down lowers the payment $30.   

    If that is with ZERO money out of pocket, then I get $425/mo.+tax for 36/12K/yr, which looks pretty close.

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  • krwoibnvtskrwoibnvts Member Posts: 7
    kyfdx said:

    Michaell said:

    reedog117 said:

    New numbers for residuals for 24/12k, 30/12k, 36/12k for Nov 2016 on the East Coast? Also any lease cash other than the $7500? Looks like the $1k option incentive from September/October disappeared and deals are actually worse...

    Limited information for November, so far.

    .00134 and 58% for 36/10. $7500 lease credit.
    I thought lease deals were suppose to get better near year-end, not worse :'(
    Doesn't look that way for BMW, this year.
    Does BMW FS release temporary deals - say for Thanksgiving Weekend (Black Friday)?

    Or do they just stick to month by month numbers?
  • MichaellMichaell Moderator Posts: 255,659

    kyfdx said:

    Michaell said:

    reedog117 said:

    New numbers for residuals for 24/12k, 30/12k, 36/12k for Nov 2016 on the East Coast? Also any lease cash other than the $7500? Looks like the $1k option incentive from September/October disappeared and deals are actually worse...

    Limited information for November, so far.

    .00134 and 58% for 36/10. $7500 lease credit.
    I thought lease deals were suppose to get better near year-end, not worse :'(
    Doesn't look that way for BMW, this year.
    Does BMW FS release temporary deals - say for Thanksgiving Weekend (Black Friday)?

    Or do they just stick to month by month numbers?
    No special holiday numbers ... just updated monthly or every other month.

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  • chrisnuggetschrisnuggets Member Posts: 6
    Looking at a 2017 i3 REX, 30 month/12k miles.

    Can someone check my math? My calculation does NOT include the CA $2500 rebate. Would you advise paying the $2500 rebate upfront as an additional down payment on top of the 7 MSDs, or only do MSD?

    MSRP: $52495 (incl $925 acq fee)
    Gross Cap Cost: $45030
    Lease Credit Cap Reduction: $7500
    Net Cap Cost: $37530
    Lease term: 30 months
    Residual @ 12K miles/yr: 60%

    Nov Base MF: 0.00134
    # MSD: 7
    MF Adj: -0.00049
    Final MF: 0.00085

    Depreciation Fee/Month: $201
    Lease Fee/Month: $59
    Tax Fee/Month (@ 9%): $23
    Total Lease Payment/Month: $283

    DMV Fee: $525
    Doc Fee: $80
    MSD: $2100
    First Month: $283
    Total Drive Off: $2988


  • MichaellMichaell Moderator Posts: 255,659

    Looking at a 2017 i3 REX, 30 month/12k miles.

    Can someone check my math? My calculation does NOT include the CA $2500 rebate. Would you advise paying the $2500 rebate upfront as an additional down payment on top of the 7 MSDs, or only do MSD?

    MSRP: $52495 (incl $925 acq fee)
    Gross Cap Cost: $45030
    Lease Credit Cap Reduction: $7500
    Net Cap Cost: $37530
    Lease term: 30 months
    Residual @ 12K miles/yr: 60%

    Nov Base MF: 0.00134
    # MSD: 7
    MF Adj: -0.00049
    Final MF: 0.00085

    Depreciation Fee/Month: $201
    Lease Fee/Month: $59
    Tax Fee/Month (@ 9%): $23
    Total Lease Payment/Month: $283

    DMV Fee: $525
    Doc Fee: $80
    MSD: $2100
    First Month: $283
    Total Drive Off: $2988

    I agree with the math.

    Do you have an option as to how to use the $2500? Is that not already baked into the pre-$7500 rebate discount you are getting from the dealer?

    Generally best to use it to reduce the cap cost.

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  • chrisnuggetschrisnuggets Member Posts: 6
    edited November 2016
    Michaell said:



    I agree with the math.

    Do you have an option as to how to use the $2500? Is that not already baked into the pre-$7500 rebate discount you are getting from the dealer?

    Generally best to use it to reduce the cap cost.

    Unlike the $7500 Fed Tax Credit which most dealers apply as a lease reduction upfront, in CA, the $2500 rebate is not applied to the cap cost directly. It's a rebate that you receive in the mail 3-4 months after an eligible EV purchase (minimum term is 30 month lease for an i3). Therefore if you wanted to reduce the cap cost from this rebate at the time of purchase, you would have to put the down payment upfront and wait for the rebate.

    If I put $2500 as a down payment, my payment goes from $283/month above to $190/month. Over 30 months, this equates to $2795 of savings in monthly fees, offset by an increase in drive off fees of $1707 ($2500 down less the reduction MSD) for a total savings of $1088 over 30 months.

    I guess it depends on if the $2500 rebate could be better used today (installing an EV charger in my condo) or if the extra $1k over 30 months is worth it.
  • onezeroheroonezerohero Member Posts: 27
    edited November 2016

    Looking at a 2017 i3 REX, 30 month/12k miles.

    Can someone check my math? My calculation does NOT include the CA $2500 rebate. Would you advise paying the $2500 rebate upfront as an additional down payment on top of the 7 MSDs, or only do MSD?

    MSRP: $52495 (incl $925 acq fee)
    Gross Cap Cost: $45030
    Lease Credit Cap Reduction: $7500
    Net Cap Cost: $37530
    Lease term: 30 months
    Residual @ 12K miles/yr: 60%

    Nov Base MF: 0.00134
    # MSD: 7
    MF Adj: -0.00049
    Final MF: 0.00085

    Depreciation Fee/Month: $201
    Lease Fee/Month: $59
    Tax Fee/Month (@ 9%): $23
    Total Lease Payment/Month: $283

    DMV Fee: $525
    Doc Fee: $80
    MSD: $2100
    First Month: $283
    Total Drive Off: $2988


    Wow! That's a great deal! Do you mind telling me which dealer you went to?

    But also the math is off because your applying the $925 acquisition fee (AF) to the MSRP and residualizing that. I'm pretty sure it's incorrect to do so. You're also missing the tax you'll pay for the $7,500 cap cost reduction and tax on doc fee in your drive offs, so I subtracted out the the AF from MSRP which increased your Net Cap Cost to $38,445.

    I calculate...

    Total Lease Payment/Month: $337

    DMV Fee: $525
    Doc Fee: $80+$7.20 (tax)
    MSD: $2450
    First Month: $337
    Other Tax: $675
    Total Drive Off: $4,074

    However, when I plug it in to www.leasehackr.com/calculator I'm off a few dollars.
  • chrisnuggetschrisnuggets Member Posts: 6


    Wow! That's a great deal! Do you mind telling me which dealer you went to?

    But also the math is off because your applying the $925 acquisition fee (AF) to the MSRP and residualizing that. I'm pretty sure it's incorrect to do so. You're also missing the tax you'll pay for the $7,500 cap cost reduction and tax on doc fee in your drive offs, so I subtracted out the the AF from MSRP which increased your Net Cap Cost to $38,445.

    I calculate...

    Total Lease Payment/Month: $337

    DMV Fee: $525
    Doc Fee: $80+$7.20 (tax)
    MSD: $2450
    First Month: $337
    Other Tax: $675
    Total Drive Off: $4,074

    However, when I plug it in to www.leasehackr.com/calculator I'm off a few dollars.

    Hello! Thanks for your input but I misspoke. The acquisition fee is not included in the MSRP, but the Gross Cap Reduction is supposed to be net of the acquisition fee. I have a $1000 dealer credit from a BMW Driving Experience Event which I applied in the Gross Cap Cost and offsets the acq fee.

    But if I assume that the acquisition fee is not included and my Net Capital Cost is $38,455, then my monthly becomes $318.

    Either way, I think I will pay the acquisition fees upfront to keep my monthly at $283 and Net Cap Cost $37,530. My drive off with taxes and acquisition fee would be

    MSD: $2100
    First Month: $283
    DMV Fee: $525
    Doc Fee: $80 + $7 (tax)
    Acquisition Fee: $925 + $83 (tax)
    Tax on Fed Credit: $675
    Total Drive Off: $4678

    I believe my numbers check out with Leasehackr (thanks for that link as well)
  • minipwjcwminipwjcw Member Posts: 8
    Wondering if I could pick everyones knowledge here. I am contemplating a 2017 i3 and have not heard much about what everyone else is paying to find out if I have a decent deal or not. I have drafted up this lease on leasehackr...what are your thoughts. Further, I have heard several mention that down payments are not good. Why? I would combine with a MSD.

    Many thanks for your thoughts in advance!


    MSRP = $56,300
    Sales Price = $51,500 - decreased by $7,500 incentive
    Payment $319 (before taxes)
    Out of Pocket = about $6700 (mainly $3k down payment and $2,450 MSD plus various fees)
  • onezeroheroonezerohero Member Posts: 27
    minipwjcw said:

    Wondering if I could pick everyones knowledge here. I am contemplating a 2017 i3 and have not heard much about what everyone else is paying to find out if I have a decent deal or not. I have drafted up this lease on leasehackr...what are your thoughts. Further, I have heard several mention that down payments are not good. Why? I would combine with a MSD.

    Many thanks for your thoughts in advance!


    MSRP = $56,300
    Sales Price = $51,500 - decreased by $7,500 incentive
    Payment $319 (before taxes)
    Out of Pocket = about $6700 (mainly $3k down payment and $2,450 MSD plus various fees)

    Leasehackr has a forum that you could post this on - pretty active.

    But to answer your question, never put money down but do security deposits (MSD). You could technically walk away $0 but your monthly will be higher. All depends on how you want to structure your deal and what makes financially sensible to you.
  • minipwjcwminipwjcw Member Posts: 8
    thanks for your thoughts!
  • MichaellMichaell Moderator Posts: 255,659
    minipwjcw said:

    Wondering if I could pick everyones knowledge here. I am contemplating a 2017 i3 and have not heard much about what everyone else is paying to find out if I have a decent deal or not. I have drafted up this lease on leasehackr...what are your thoughts. Further, I have heard several mention that down payments are not good. Why? I would combine with a MSD.

    Many thanks for your thoughts in advance!


    MSRP = $56,300
    Sales Price = $51,500 - decreased by $7,500 incentive
    Payment $319 (before taxes)
    Out of Pocket = about $6700 (mainly $3k down payment and $2,450 MSD plus various fees)

    What lease term and how many miles per year?

    Down payments are a bad idea; if the car is stolen or totaled, you will lose that money.

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  • lsp2012lsp2012 Member Posts: 23
    I was negotiating a lease yesterday, didn't pull the trigger.

    On a $55,685 MSRP, they were willing to 'sell' it for $51,000. With the $7500 credit, but things like taxes and fees added in to the tune of $1600'ish. I was also negotiating a $3k down payment (though I hear the concerns noted above about down payments). The dealer was trying to stick me with a MF of .00169, rather than the BMW rate of .00134.

    Given all of that, and with a buy down of the rate (7 MSD's), the payment was supposed to be $360/month before tax. Seems like your deal is a pretty good one. Same basic construct as mine, but $40 cheaper on a similar MSRP.

    BMW was offering a lease deal for that $319/month on a $51,500 i3 with $3k down, so seems pretty good given your car's higher MSRP.

    I think BMW must somehow have been subsidizing this deal, since the amort of depreciation alone would be something like $312/month (if my calculations are correct). Either basically 0% interest or kicking back money.

    My dealer is notorious for not giving good deals, but in my state there is a refund for EV's that must be purchased in-state, and there are few dealers here (small state), so I have limited leverage.

    If you get that deal, please post all the information so I can go back to my dealer and put the squeeze on them. The i3 sales are pretty slow lately, and with the Bolt coming, I see the i3's being a boat anchor for the dealerships. I think there should be some good deals coming.
  • minipwjcwminipwjcw Member Posts: 8
    Thanks again, all. Ultimately, I received an offer very similar to yours LSP. They were giving me the lower rate (.00085 for 7 MSD's), but the price of the car was about $1500 higher. Ultimately, I was using the leasehackr site (wonderful by the way) to calculate what I thought was a good deal was. And wanted to get confirmation that it was....due to limited info out there. If I could get them to come down about $1500 more on the car and get that payment to around $319, I would have pulled the trigger. Well, I would not have done the down payment which would have made the payment higher, but that is beside the point. Thanks for the insight on the down payment! The deal that I was calculating was for 36 mos / 10k year.

    LSP, in your $312 depreciation calculation, are you factoring the down payment of $3k? That in turn really makes the true cost $83 higher or about $402 monthly.
  • lsp2012lsp2012 Member Posts: 23
    Yes, that included the $3k down payment. I think my original math was a bit off -- seems like the $319 is either no interest or has a BMW subsidy somewhere i.e. a discount off of MSRP.

    The numbers for depreciation:
    MSRP: $51,875, less $7500 fed rebate, less $3K down; capital cost= $41,575.

    Residual = $30,087 (i.e. 0.58 X $51,875)

    Depreciation = $41,575 - $30,087 = $11,488 / 36 = $319/mo

    (interest would be an additional $96/mo at a MF of .00134)
  • lsp2012lsp2012 Member Posts: 23
    oops, cap cost = $41,375
    So, depreciation = $11,288 = $313.55 / mo.
  • lsp2012lsp2012 Member Posts: 23
    The December deal is up on the BMW USA website -- same basic deal ($319/mo + $3000 down), but on a bit cheaper/lower MSRP vehicle ($50,145). So, the depreciation charge on the new deal's vehicle would be $293/mo, thus about $26/mo of interest ($319 - $293).

    Interest expense at .00134 FM would be $95/mo, so the discount is about $70/mo or $2520 over the life of the lease. So, again, either the lease terms assume a below-MSRP transaction or a lower money factor/interest rate.
  • MichaellMichaell Moderator Posts: 255,659
    All promoted programs assume some sort of 'dealer contribution' - aka discount from sticker.

    $2290 discount for i3 REX.

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  • duriandurian Member Posts: 4
    Looking for Dec MF and residual for 36m/10k 36m/12k in VA. Thanks
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