2017 BMW i3 Lease Deals and Prices

kyfdx

durian said:

Looking for Dec MF and residual for 36m/10k 36m/12k in VA. Thanks

.00134 MF and 58%/57% residual.
$7500 lease credit.

ricodriver

I was seriously considering the Chevy Volt but thought I'd go into the BMW dealership to check out the i3 Rex for kicks. Ended up leasing the i3 and didn't check out the Volt at all, oops!

The details:

MSRP: $54,495
Sale Price: $49,000
MF: 0.00085 (buy down of MF with MSDx7)
Term: 36 month lease
Mileage: 10K per month
Residual: 58%
Gross Cap Cost: $49,925
Cap cost reduction: $5981.14 (from the $7500 rebate)
Adjusted cap cost: $43,943
Base monthly payment: $407 ($442 with tax)
Nothing down, only security deposit of $3150 that I put on my CC (points!)

Oh, and I think I qualify for $2500 rebate from the state of California, applying now.

The car has the tech package, parking assist, mega trim with 20" wheels, 2 years charging through Charge Point, 3 years maintenance, 4 years BMW ConnectedDrive service, 1 year Sirius Sat Radio service, a BMW teddy bear, complimentary wine tasting for four at a local winery. This is my first BMW so I don't know if some of the stuff I listed here is standard stuff they give out with all new cars...

Did I get a good deal? I'm hoping yes!

Michaell

ricodriver said:

I was seriously considering the Chevy Volt but thought I'd go into the BMW dealership to check out the i3 Rex for kicks. Ended up leasing the i3 and didn't check out the Volt at all, oops!

The details:

MSRP: $54,495
Sale Price: $49,000
MF: 0.00085 (buy down of MF with MSDx7)
Term: 36 month lease
Mileage: 10K per month
Residual: 58%
Gross Cap Cost: $49,925
Cap cost reduction: $5981.14 (from the $7500 rebate)
Adjusted cap cost: $43,943
Base monthly payment: $407 ($442 with tax)
Nothing down, only security deposit of $3150 that I put on my CC (points!)

Oh, and I think I qualify for $2500 rebate from the state of California, applying now.

The car has the tech package, parking assist, mega trim with 20" wheels, 2 years charging through Charge Point, 3 years maintenance, 4 years BMW ConnectedDrive service, 1 year Sirius Sat Radio service, a BMW teddy bear, complimentary wine tasting for four at a local winery. This is my first BMW so I don't know if some of the stuff I listed here is standard stuff they give out with all new cars...

Did I get a good deal? I'm hoping yes!

Numbers calculate correctly.

Congratulations! No idea if the giveaways are dealer specific or not.

lsp2012

Hi, can you indicate the current residual and MF for the i3-Rex in Rhode Island -- 24, 30, and 36 month duration, 10K miles/year?

My dealer is saying 63%/60%/58%. Seems like other indications are 64/61/58.

Thank you!

Michaell

lsp2012 said:

Hi, can you indicate the current residual and MF for the i3-Rex in Rhode Island -- 24, 30, and 36 month duration, 10K miles/year?

My dealer is saying 63%/60%/58%. Seems like other indications are 64/61/58.

Thank you!

64/61/58 is correct for 24/30/36 and 12K on 2017 i3

Dealer cannot touch the residual; it's fixed by the bank.

lsp2012

Just to double check -- the numbers above are on 10k, not the 12k you state, are they?

Thanks.

kyfdx

lsp2012 said:

Just to double check -- the numbers above are on 10k, not the 12k you state, are they?

Thanks.

Yes.. 64/61/58 is for 10K/yr

onezerohero

ricodriver said:

I was seriously considering the Chevy Volt but thought I'd go into the BMW dealership to check out the i3 Rex for kicks. Ended up leasing the i3 and didn't check out the Volt at all, oops!

The details:

MSRP: $54,495
Sale Price: $49,000
MF: 0.00085 (buy down of MF with MSDx7)
Term: 36 month lease
Mileage: 10K per month
Residual: 58%
Gross Cap Cost: $49,925
Cap cost reduction: $5981.14 (from the $7500 rebate)
Adjusted cap cost: $43,943
Base monthly payment: $407 ($442 with tax)
Nothing down, only security deposit of $3150 that I put on my CC (points!)

Oh, and I think I qualify for $2500 rebate from the state of California, applying now.

The car has the tech package, parking assist, mega trim with 20" wheels, 2 years charging through Charge Point, 3 years maintenance, 4 years BMW ConnectedDrive service, 1 year Sirius Sat Radio service, a BMW teddy bear, complimentary wine tasting for four at a local winery. This is my first BMW so I don't know if some of the stuff I listed here is standard stuff they give out with all new cars...

Did I get a good deal? I'm hoping yes!

Nice! Which dealer in the Bay Area?

onezerohero

I'm confused reading the thread. Please, clarify MF and residual for 30 months @ 12k miles?

Michaell

onezerohero said:

I'm confused reading the thread. Please, clarify MF and residual for 30 months @ 12k miles?

.00134 and 60%. $7500 lease credit.

onezerohero

Michaell said:

onezerohero said:

I'm confused reading the thread. Please, clarify MF and residual for 30 months @ 12k miles?

.00134 and 60%. $7500 lease credit.

Thanks!

hipdink

This is the quote given to me by dealer in So California. Seems pretty high his numbers don't add up. Can anyone explain where he is off?





This quote is with just sec deposits down and the $7,500 rebate.

Term 30
Base Payment 411.52
Total Payment 448.55
Purchase Option 31,442.45
MSRP 51,545.00
Est. Miles Per Year 10,000
Amount Due at Signing
1st Month Payment 448.55
Security Deposits 3,150.00
Acquisition Fee 925.00
Fees & Insurance 523.00
Upfront Taxes 545.64
Total Inception Fees 5,592.19
Rebate as Cap Reduction 5,057.79
Total Drive Off 10,649.98
Cash Required on Delivery 3,150.00


The 36 month lease is less at $429.99 with $3,150 in sec deposits.

kyfdx

hipdink said:

This is the quote given to me by dealer in So California. Seems pretty high his numbers don't add up. Can anyone explain where he is off?





This quote is with just sec deposits down and the $7,500 rebate.

Term 30
Base Payment 411.52
Total Payment 448.55
Purchase Option 31,442.45
MSRP 51,545.00
Est. Miles Per Year 10,000
Amount Due at Signing
1st Month Payment 448.55
Security Deposits 3,150.00
Acquisition Fee 925.00
Fees & Insurance 523.00
Upfront Taxes 545.64
Total Inception Fees 5,592.19
Rebate as Cap Reduction 5,057.79
Total Drive Off 10,649.98
Cash Required on Delivery 3,150.00


The 36 month lease is less at $429.99 with $3,150 in sec deposits.

You need the selling price and/or adjusted CAP cost.

hipdink

this is the first estimate he send me which shows $46,975.00 selling price.


The $7,500 fed rebate is applied in the drive offs and I am selling the i3 $1,765 under invoice which includes the $1,000 rebate.

Here's the info on the lease quote.

Vehicle Cost 48,740.00
Vehicle Profit -1,765.00
Total Selling Price 46,975.00
Amount Due at Signing
1st Month Payment 394.49
Acquisition Fee 925.00
Fees & Insurance 523.00
Upfront Taxes 756.53
Total Inception Fees 2,599.02
Rebate as Cap Reduction 7,400.98
Total Drive Off 10,000.00
Total Cash Required on Delivery 2,500.00

lsp2012

For reference, I am negotiating a lease an exact equal msrp i3. I am currently at a monthly payment of $358.52, including sales tax. That is with the $925 acquisition fee rolled into the capitalization, with 7 MSD's, and with the other (few) fees paid up front -- title/registration and a couple of others -- plus of course first month's payment. I am in a state which only charges sales tax on the lease amount, not the total vehicle 'sale' price, so that can affect things. I am getting $5145 off the MSRP, plus the $7500 federal tax rebate applied directly. So capitalized value = $51,545 +$925 - $5145 - $7500 = $39,825

This would be on a 36/10 lease. The base expense (no sales tax, just depreciation and interest (mf = .00085)) is about $335. Depreciation = $39,825 - $29,896 = $9929 = $275.80/month. Interest = $59.27

Note that my discount includes the USAA/BMW $1000 lease bonus.

FWIW, the monthly cost of a 24/10 and 30/10 works out be be pretty much exactly the same -- within say $20 of each other, even taking into account the fact that the fees are fixed and thus equate to more dollars/month on a shorter lease.

I am about the pull the trigger but am debating how long a lease to go with. We have a $2500 rebate in my state, regardless of lease duration, so a 24 month lease ends up costing me considerably less per month due to the rebate effectively being higher for a 24 month lease.

Don't think that works in California due to a minimum lease duration for the refund?

kyfdx

hipdink said:

this is the first estimate he send me which shows $46,975.00 selling price.


The $7,500 fed rebate is applied in the drive offs and I am selling the i3 $1,765 under invoice which includes the $1,000 rebate.

Here's the info on the lease quote.

Vehicle Cost 48,740.00
Vehicle Profit -1,765.00
Total Selling Price 46,975.00
Amount Due at Signing
1st Month Payment 394.49
Acquisition Fee 925.00
Fees & Insurance 523.00
Upfront Taxes 756.53
Total Inception Fees 2,599.02
Rebate as Cap Reduction 7,400.98
Total Drive Off 10,000.00
Total Cash Required on Delivery 2,500.00

If I subtract $7400 cap reduction from $46,975, for an adjusted CAP of $39,575, I get a payment of $366/mo.+tax, which looks just about right.

That's with base MF of .00134 and 61% residual for 30 months.

kyfdx

lsp2012 said:

For reference, I am negotiating a lease an exact equal msrp i3. I am currently at a monthly payment of $358.52, including sales tax. That is with the $925 acquisition fee rolled into the capitalization, with 7 MSD's, and with the other (few) fees paid up front -- title/registration and a couple of others -- plus of course first month's payment. I am in a state which only charges sales tax on the lease amount, not the total vehicle 'sale' price, so that can affect things. I am getting $5145 off the MSRP, plus the $7500 federal tax rebate applied directly. So capitalized value = $51,545 +$925 - $5145 - $7500 = $39,825

This would be on a 36/10 lease. The base expense (no sales tax, just depreciation and interest (mf = .00085)) is about $335. Depreciation = $39,825 - $29,896 = $9929 = $275.80/month. Interest = $59.27

Note that my discount includes the USAA/BMW $1000 lease bonus.

FWIW, the monthly cost of a 24/10 and 30/10 works out be be pretty much exactly the same -- within say $20 of each other, even taking into account the fact that the fees are fixed and thus equate to more dollars/month on a shorter lease.

I am about the pull the trigger but am debating how long a lease to go with. We have a $2500 rebate in my state, regardless of lease duration, so a 24 month lease ends up costing me considerably less per month due to the rebate effectively being higher for a 24 month lease.

Don't think that works in California due to a minimum lease duration for the refund?

I think CA requires 30 months to get their state rebate. If that's me, and I get $2500, no matter the term, I'd go with 24 months. Mostly, because I've never had an electric car, and not sure I want to be locked in, any longer than that. Plus, the lower monthly outlay, when all costs are considered.

hipdink

For california you need to lease 30 or 36 months for the $2500 rebate.

What is the total of your drive off $$? is it 3k?

lsp2012

kyfdx said:

I think CA requires 30 months to get their state rebate. If that's me, and I get $2500, no matter the term, I'd go with 24 months. Mostly, because I've never had an electric car, and not sure I want to be locked in, any longer than that. Plus, the lower monthly outlay, when all costs are considered.

Yeah, I know. But I would like to get an all electric for my next vehicle, and I just wonder what's really going to be available in 2 years -- maybe the Tesla Model 3 (I think it's 50/50 whether I'd be able to get one at that time if not already on the waiting list), the facelifted/range increased 2018+ i3, the Bolt, longer range Leaf. What else? 3 years from now, likely significantly greater options. So, the shorter lease runs the possibility of me being sort of stranded at lease end.

Plus, the state refund is a one-time per person offer. So, in some sense it is like $2500 of found money, may not logically make sense to factor it into the effective lease cost of the vehicle. Without the $2500, the 3 year lease is $17 less per month, including amortizing the cost of fees over the life of the leases.

Decisions, decisions.....

hipdink

In california is anyone paying tax on the federal tax rebate? like $545? Dealer charging a tax on $7500 tax rebate, rebate and any other cap reduction or down payment?

Michaell

hipdink said:

In california is anyone paying tax on the federal tax rebate? like $545? Dealer charging a tax on $7500 tax rebate, rebate and any other cap reduction or down payment?

Rebates are subject to sales tax.

lsp2012

Michaell said:

hipdink said:

In california is anyone paying tax on the federal tax rebate? like $545? Dealer charging a tax on $7500 tax rebate, rebate and any other cap reduction or down payment?

Rebates are subject to sales tax.

In Rhode Island, the rebate and any trade-in is exempt from sales tax. The former per a conversation I had w/ someone in the RI tax division, the latter is in the tax code regarding sales tax on vehicle leases. I guess I'll believe the non-taxability of the rebate when I actually see the final paperwork....

We also only pay sales tax on the actual payment, so the residual value is untaxed.

kyfdx

lsp2012 said:

kyfdx said:

I think CA requires 30 months to get their state rebate. If that's me, and I get $2500, no matter the term, I'd go with 24 months. Mostly, because I've never had an electric car, and not sure I want to be locked in, any longer than that. Plus, the lower monthly outlay, when all costs are considered.

Yeah, I know. But I would like to get an all electric for my next vehicle, and I just wonder what's really going to be available in 2 years -- maybe the Tesla Model 3 (I think it's 50/50 whether I'd be able to get one at that time if not already on the waiting list), the facelifted/range increased 2018+ i3, the Bolt, longer range Leaf. What else? 3 years from now, likely significantly greater options. So, the shorter lease runs the possibility of me being sort of stranded at lease end.

Plus, the state refund is a one-time per person offer. So, in some sense it is like $2500 of found money, may not logically make sense to factor it into the effective lease cost of the vehicle. Without the $2500, the 3 year lease is $17 less per month, including amortizing the cost of fees over the life of the leases.

Decisions, decisions.....

I see your point. I look at an i3 sort of like a convertible. Would be interesting to drive for a little while, but I don't want to make a long term commitment. You have a different outlook towards it.

hipdink

New deal

MSRP:$53959
Term:36 months
Base payment $282.36
Total payment $308.32
Purchase option: 31085.10
10K miles per year
deposition $350

1st payment: 308.32
security deposits (MSD7): $2450
fee & Insurance $433
upfront taxes $758.25
Cap reduction cash: $925
Total Inception fee: $4874.57 (cash to drive off, which I get $2450 back at the end of Lease)

rebate as cap reduction: $7500.00
total drive off $12374.57


What do you all think????

lsp2012

That looks good to me, but something looks screwy ... in your favor! Looks like you're paying about $48,750 for the car [$31,085 + (36 x $282.39) + $7500], which would imply a monthly interest payment of around $60 (even with the reduced MF of .00085), on top of the base payment of $282. So, how is your payment only $308?

I would think the $925 'cap cost reduction' is the finance acquisition fee, so that isn't (IMO) really a cap reduction item, although it certainly is a charge you need to pay.

Your upfront payments don't seem to indicate any money down towards the payment (aside from the refundable MSD payments, plus one-time fees and taxes). So, how in the world is your total payment only $308 when depreciation is $282. That implies a MF of .00036, or an effective interest rate of around 0.87% per annum

How did you do that?

hipdink

MSRP $53595- $7055dealers discount= $46,540 + $4,745.97 (in sales tax, reg, smog, filing, doc etc)- $7500. There was also other tax charges.

36 moth lease, 10K miles.

I paid 7MSD to bring interest rate lower. I get $2450 at the end of lease for the 7MSD, and the $2500 CA rebate in 5 weeks.

Monthly Payments $308.32

lsp2012

Nice discount. This is a '17, right?

Unfortunately, where I am there are only 2 dealers in the state. If you want the state rebate, you must buy from one of them. Limits ones negotiating leverage.

Michaell

hipdink said:

MSRP $53595- $7055dealers discount= $46,540 + $4,745.97 (in sales tax, reg, smog, filing, doc etc)- $7500. There was also other tax charges.

36 moth lease, 10K miles.

I paid 7MSD to bring interest rate lower. I get $2450 at the end of lease for the 7MSD, and the $2500 CA rebate in 5 weeks.

Monthly Payments $308.32

Congrats! Looks like a great deal.

mike3015

hipdink said:

MSRP $53595- $7055dealers discount= $46,540 + $4,745.97 (in sales tax, reg, smog, filing, doc etc)- $7500. There was also other tax charges.

36 moth lease, 10K miles.

I paid 7MSD to bring interest rate lower. I get $2450 at the end of lease for the 7MSD, and the $2500 CA rebate in 5 weeks.

Monthly Payments $308.32

Looks like a great deal! Any chance you could share which dealership you got this deal from. I'm in the market for an i3 and would like to find something similar.

Thanks, Mike

hipdink

Mike, Do you live in Southern CA? PM

Yes this is a 2017.

edmundsin33323

Hello.

24/30/36 MF and residual for 2017 i3-Rex 10k and 12k miles please?

Michaell

edmundsin33323 said:

Hello.

24/30/36 MF and residual for 2017 i3-Rex 10k and 12k miles please?

12K residuals:

.00134 and 63% / 60% / 57%. $7500 lease bonus

Add 1% for 10K

abhishaq

Hi,
I'd like to get an opinion on the following lease deal in AZ:
24 mo 10k/yr lease on a 2017 i3 REX with MSRP of 52945.
3995 down and 345 a month
The down payment includes the first months payment and all fees/taxes. Monthly payment includes taxes as well.

Michaell

abhishaq said:

Hi,
I'd like to get an opinion on the following lease deal in AZ:
24 mo 10k/yr lease on a 2017 i3 REX with MSRP of 52945.
3995 down and 345 a month
The down payment includes the first months payment and all fees/taxes. Monthly payment includes taxes as well.

That's not an offer, that's an advertisement.

We don't recommend putting money down on a lease, beyond the first payment and any government fees.

And, the ad usually assumes some discount from sticker, but with some good negotiating, you can beat that.

The numbers are .00134 and 64% for 24/10. $7500 lease bonus.

abhishaq

Michaell said:

abhishaq said:

Hi,
I'd like to get an opinion on the following lease deal in AZ:
24 mo 10k/yr lease on a 2017 i3 REX with MSRP of 52945.
3995 down and 345 a month
The down payment includes the first months payment and all fees/taxes. Monthly payment includes taxes as well.

That's not an offer, that's an advertisement.

We don't recommend putting money down on a lease, beyond the first payment and any government fees.

And, the ad usually assumes some discount from sticker, but with some good negotiating, you can beat that.

The numbers are .00134 and 64% for 24/10. $7500 lease bonus.

Sorry, I don't quite follow what you mean. I've got 3 options for the payments and following your advice for the least down payment means I should look at the 1st option I have which is 1995 down (covers first payment and licensing fees etc) and 435 a month (including all taxes).
This is an offer from a local dealer and I'm a newbie to leasing so still trying to figure out which numbers in the equation are variable and which are fixed.

Thanks for your input.

Michaell

abhishaq said:

Michaell said:

abhishaq said:

Hi,
I'd like to get an opinion on the following lease deal in AZ:
24 mo 10k/yr lease on a 2017 i3 REX with MSRP of 52945.
3995 down and 345 a month
The down payment includes the first months payment and all fees/taxes. Monthly payment includes taxes as well.

That's not an offer, that's an advertisement.

We don't recommend putting money down on a lease, beyond the first payment and any government fees.

And, the ad usually assumes some discount from sticker, but with some good negotiating, you can beat that.

The numbers are .00134 and 64% for 24/10. $7500 lease bonus.

Sorry, I don't quite follow what you mean. I've got 3 options for the payments and following your advice for the least down payment means I should look at the 1st option I have which is 1995 down (covers first payment and licensing fees etc) and 435 a month (including all taxes).
This is an offer from a local dealer and I'm a newbie to leasing so still trying to figure out which numbers in the equation are variable and which are fixed.

Thanks for your input.

5 numbers in a lease payment calculation

MSRP - fixed, bottom line number of the window sticker
Adjusted cap cost - negotiated selling price plus any taxes or fees you are not paying up front
Money Factor - base rate set by the bank (.00134), but dealer can mark up as much as .00040 for extra profit
Residual - fixed, set by the bank
Lease term - your choice

I would get a precise breakdown of how the money out of your pocket breaks down. The only thing you want to pay up front are the first payment and any government fees that are not taxable. Everything else, add into the lease payment.

abhishaq

Michaell said:

abhishaq said:

Michaell said:

abhishaq said:

Hi,
I'd like to get an opinion on the following lease deal in AZ:
24 mo 10k/yr lease on a 2017 i3 REX with MSRP of 52945.
3995 down and 345 a month
The down payment includes the first months payment and all fees/taxes. Monthly payment includes taxes as well.

That's not an offer, that's an advertisement.

We don't recommend putting money down on a lease, beyond the first payment and any government fees.

And, the ad usually assumes some discount from sticker, but with some good negotiating, you can beat that.

The numbers are .00134 and 64% for 24/10. $7500 lease bonus.

Sorry, I don't quite follow what you mean. I've got 3 options for the payments and following your advice for the least down payment means I should look at the 1st option I have which is 1995 down (covers first payment and licensing fees etc) and 435 a month (including all taxes).
This is an offer from a local dealer and I'm a newbie to leasing so still trying to figure out which numbers in the equation are variable and which are fixed.

Thanks for your input.

5 numbers in a lease payment calculation

MSRP - fixed, bottom line number of the window sticker
Adjusted cap cost - negotiated selling price plus any taxes or fees you are not paying up front
Money Factor - base rate set by the bank (.00134), but dealer can mark up as much as .00040 for extra profit
Residual - fixed, set by the bank
Lease term - your choice

I would get a precise breakdown of how the money out of your pocket breaks down. The only thing you want to pay up front are the first payment and any government fees that are not taxable. Everything else, add into the lease payment.

I got the values from the dealer. They are using a 64% residual but applying a MF of .00174 - so the maximum markup. I guess now it's just a matter of me being able to negotiate. Thanks again.

dianasonoma

Hi, Could some one please share the current MF, residuals and any current dealer incentives for a 2017 i3Rex for 24/26 mo and 12k and 15k options? Thank you.

beicadad

hipdink, seems you got a really good deal. sent you a PM. Thanks.

lsp2012

abhishaq said:

Michaell said:

abhishaq said:

Michaell said:

abhishaq said:

Hi,
I'd like to get an opinion on the following lease deal in AZ:
24 mo 10k/yr lease on a 2017 i3 REX with MSRP of 52945.
3995 down and 345 a month
The down payment includes the first months payment and all fees/taxes. Monthly payment includes taxes as well.

That's not an offer, that's an advertisement.

We don't recommend putting money down on a lease, beyond the first payment and any government fees.

And, the ad usually assumes some discount from sticker, but with some good negotiating, you can beat that.

The numbers are .00134 and 64% for 24/10. $7500 lease bonus.

Sorry, I don't quite follow what you mean. I've got 3 options for the payments and following your advice for the least down payment means I should look at the 1st option I have which is 1995 down (covers first payment and licensing fees etc) and 435 a month (including all taxes).
This is an offer from a local dealer and I'm a newbie to leasing so still trying to figure out which numbers in the equation are variable and which are fixed.

Thanks for your input.

5 numbers in a lease payment calculation

MSRP - fixed, bottom line number of the window sticker
Adjusted cap cost - negotiated selling price plus any taxes or fees you are not paying up front
Money Factor - base rate set by the bank (.00134), but dealer can mark up as much as .00040 for extra profit
Residual - fixed, set by the bank
Lease term - your choice

I would get a precise breakdown of how the money out of your pocket breaks down. The only thing you want to pay up front are the first payment and any government fees that are not taxable. Everything else, add into the lease payment.

I got the values from the dealer. They are using a 64% residual but applying a MF of .00174 - so the maximum markup. I guess now it's just a matter of me being able to negotiate. Thanks again.

For reference, I did end up going with my deal --which is $358/month on a 36/10 lease. That was with a MF of .00135 less 7 MSD's. Only things down were first month, MSD's, and license/registration fees, plus sales tax on same. So, $3529 down, of which $2800 is refundable at lease end. This on a $51,545 MSRP vehicle. USAA discount, and I think there is a $1000 BMW deal this month. Discount was $5145 (about 10%). 2017 i3-Rex.

A 24/10 deal was $371 month.

For your car, add ($1440 x .36 / 24 = $22/month, + interest and sales tax (another say $5)) = $27, so you should be able to come in around $400 with only MSD's and a few fees up front.

My state only taxes the monthly payment and the upfront fees, and not the federal refund, so that may affect your payment depending on your state's tax laws.

You should definitely convert any down payment to MSD's -- this lowers your payment but is refundable. The effective interest rate on the MSD (what BMW Financial Services is paying you) is around 15% as I calculate it. So, you pay them 3% - 4% in interest on the higher financed amount, and they pay you 15% on the MSD's.

kyfdx

dianasonoma said:

Hi, Could some one please share the current MF, residuals and any current dealer incentives for a 2017 i3Rex for 24/36 mo and 12k and 15k options? Thank you.

.00134 MF and 61%/55% residual for 24/36 months, 15K/yr
$7500 lease credit
Add 2% for 12K/yr

abhishaq

lsp2012 said:

abhishaq said:

Michaell said:

abhishaq said:

Michaell said:

abhishaq said:

Hi,
I'd like to get an opinion on the following lease deal in AZ:
24 mo 10k/yr lease on a 2017 i3 REX with MSRP of 52945.
3995 down and 345 a month
The down payment includes the first months payment and all fees/taxes. Monthly payment includes taxes as well.

That's not an offer, that's an advertisement.

We don't recommend putting money down on a lease, beyond the first payment and any government fees.

And, the ad usually assumes some discount from sticker, but with some good negotiating, you can beat that.

The numbers are .00134 and 64% for 24/10. $7500 lease bonus.

Sorry, I don't quite follow what you mean. I've got 3 options for the payments and following your advice for the least down payment means I should look at the 1st option I have which is 1995 down (covers first payment and licensing fees etc) and 435 a month (including all taxes).
This is an offer from a local dealer and I'm a newbie to leasing so still trying to figure out which numbers in the equation are variable and which are fixed.

Thanks for your input.

5 numbers in a lease payment calculation

MSRP - fixed, bottom line number of the window sticker
Adjusted cap cost - negotiated selling price plus any taxes or fees you are not paying up front
Money Factor - base rate set by the bank (.00134), but dealer can mark up as much as .00040 for extra profit
Residual - fixed, set by the bank
Lease term - your choice

I would get a precise breakdown of how the money out of your pocket breaks down. The only thing you want to pay up front are the first payment and any government fees that are not taxable. Everything else, add into the lease payment.

I got the values from the dealer. They are using a 64% residual but applying a MF of .00174 - so the maximum markup. I guess now it's just a matter of me being able to negotiate. Thanks again.

For reference, I did end up going with my deal --which is $358/month on a 36/10 lease. That was with a MF of .00135 less 7 MSD's. Only things down were first month, MSD's, and license/registration fees, plus sales tax on same. So, $3529 down, of which $2800 is refundable at lease end. This on a $51,545 MSRP vehicle. USAA discount, and I think there is a $1000 BMW deal this month. Discount was $5145 (about 10%). 2017 i3-Rex.

A 24/10 deal was $371 month.

For your car, add ($1440 x .36 / 24 = $22/month, + interest and sales tax (another say $5)) = $27, so you should be able to come in around $400 with only MSD's and a few fees up front.

My state only taxes the monthly payment and the upfront fees, and not the federal refund, so that may affect your payment depending on your state's tax laws.

You should definitely convert any down payment to MSD's -- this lowers your payment but is refundable. The effective interest rate on the MSD (what BMW Financial Services is paying you) is around 15% as I calculate it. So, you pay them 3% - 4% in interest on the higher financed amount, and they pay you 15% on the MSD's.

Thanks very much for that helpful information. Every time I look further into it, leasing has more things to learn.

ba_musket

Anyone has latest incentives and terms for leasing 2017 bmw i3 electric ?

Michaell

ba_musket said:

Anyone has latest incentives and terms for leasing 2017 bmw i3 electric ?

What lease term and how many miles per year?

.00134 MF and $7500 lease bonus.

nbcglx

Current incentives and terms for 36/15k, please and thank you!

kyfdx

nbcglx said:

Current incentives and terms for 36/15k, please and thank you!

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

Good through tomorrow.

nyurka1

Current incentives/residuals on 24/12 and 36/12 please. Any updates after Jan 3? Anything to expect in January (flexible with waiting another 25 days if needed)

Michaell

nyurka1 said:

Current incentives/residuals on 24/12 and 36/12 please. Any updates after Jan 3? Anything to expect in January (flexible with waiting another 25 days if needed)

We only have 36 month numbers at the moment.

.00134 and 57%. $7500 lease cash.

These are the post January 3 numbers.

nyurka1

Hipdink, you got an awesome deal. would you mind sending the name of the dealer in PM? may be willing to ship from southern CA for a deal like that...

Michaell

nyurka1 said:

Hipdink, you got an awesome deal. would you mind sending the name of the dealer in PM? may be willing to ship from southern CA for a deal like that...

You are free to post both dealer and salesman names on the boards - just no contact info.