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2017 BMW i3 Lease Questions

maybei3maybei3 Posts: 6
edited July 2016 in BMW
Is any information available on the lease rates and incentives for 2017 i3 BEV? Maybe August will be the first month information is available?
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  • kyfdxkyfdx Posts: 54,943
    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

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  • gouclagoucla Posts: 32
    When are 2017 inventory supposed to start showing up at dealerships?
  • MichaellMichaell ColoradoPosts: 45,748
    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.

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  • maybei3maybei3 Posts: 6
    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.
  • maybei3maybei3 Posts: 6
    Do you have the rates for 36 month 12k miles?
  • MichaellMichaell ColoradoPosts: 45,748
    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.

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  • maybei3maybei3 Posts: 6
    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.
  • MichaellMichaell ColoradoPosts: 45,748
    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.

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  • Checking back for September rates on a 36 month , 12k miles, lease. Any change in the rates this month?
  • kyfdxkyfdx Posts: 54,943
    edited September 2016
    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

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  • Nice! But are 2017 i3s available?
  • MichaellMichaell ColoradoPosts: 45,748
    edited September 2016

    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.

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  • 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.
  • MichaellMichaell ColoradoPosts: 45,748

    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.

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  • 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?
  • MichaellMichaell ColoradoPosts: 45,748

    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.

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  • Quite the improvement in rates. Thanks!
  • 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?
  • MichaellMichaell ColoradoPosts: 45,748

    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.

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  • onezeroheroonezerohero Posts: 26
    edited September 2016
    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!
  • kyfdxkyfdx Posts: 54,943
    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

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  • 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!
  • 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.
  • MichaellMichaell ColoradoPosts: 45,748

    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.

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  • Are kyfdx and Michaell BMW dealers? You both are so knowledgeable!
  • MichaellMichaell ColoradoPosts: 45,748

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

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

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  • kyfdxkyfdx Posts: 54,943
    Michaell 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.. :@

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  • 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?
  • MichaellMichaell ColoradoPosts: 45,748

    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

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  • Michaell 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!
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