2015 BMW i3 lease deal / MSRP ?

karensf · February 2016

I test drove a BMW i3 loaded with range extender yesterday at SF BMW. (Sticker $55k). Wonderful car, but I don't think I was getting a great deal. Considering these are 2015 models and the 2016's are already on the lot, what is a reasonable expected percentage off of MSRP? Is 18-20+% or higher on these vehicles out of the question? Essentially these are 1 year old cars... The final number I was given was 13-14% off MSRP, but I am not convinced that was really a good deal. Thoughts?

Michaell · February 2016

karensf said:
I test drove a BMW i3 loaded with range extender yesterday at SF BMW. (Sticker $55k). Wonderful car, but I don't think I was getting a great deal. Considering these are 2015 models and the 2016's are already on the lot, what is a reasonable expected percentage off of MSRP? Is 18-20+% or higher on these vehicles out of the question? Essentially these are 1 year old cars... The final number I was given was 13-14% off MSRP, but I am not convinced that was really a good deal. Thoughts?

Probably best to check the dedicated i3 lease thread ....

http://forums.edmunds.com/discussion/33950/bmw/i3/2015-bmw-i3-lease-questions#latest

Good pricing info to be found from others.

hongbx8 · May 2016

I am about to lease i3 REX.
I got the following offer.
MSRP: $52,245
cash due: $6,000
monthly: $285
30 month / 10k miles
This include all taxes(CA), fees, registrations, etc.

I plan to counter offer $6000 / $275 for 36/12.
Is it reasonable to get?

Michaell · May 2016

hongjik said:
I am about to lease i3 REX.
I got the following offer.
MSRP: $52,245
cash due: $6,000
monthly: $285
30 month / 10k miles
This include all taxes(CA), fees, registrations, etc.

I plan to counter offer $6000 / $275 for 36/12.
Is it reasonable to get?

You don't want to negotiate the payment; you want to negotiate the selling price, before taking into account the large incentives that are available.

Second, we do not recommend putting any money down on a lease to lower the price - that money would be lost if the car is stolen or totaled during the lease. Instead, consider using multiple security deposits to lower the money factor.

hongbx8 · May 2016

Thanks Michaell.
I will ask further question on 2016 thread.

kxc2622 · June 2016

Looking for some assistance on residual values and MF for June for one of my friends. I believe monthly is around $340 including taxes. This is for Kansas City, MO.

2015 fully loaded i3
36 months / 10k

MSRP - 55345
Dealer Discount - $8500 (dealer loaner car)
Dealer has passed on the $7500 lease credit and $2k build out allowance
Adjusted cap cost - $38871 (base cost = $37345 + $925 acquisition fee, $599 dealer fee, $2.5 title fee)
MF - 0.00178

Monthly - $339.42 with taxes, $297 before taxes.

kyfdx · June 2016

kxc2622 said:
Looking for some assistance on residual values and MF for June for one of my friends. I believe monthly is around $340 including taxes. This is for Kansas City, MO.

2015 fully loaded i3
36 months / 10k

MSRP - 55345
Dealer Discount - $8500 (dealer loaner car)
Dealer has passed on the $7500 lease credit and $2k build out allowance
Adjusted cap cost - $38871 (base cost = $37345 + $925 acquisition fee, $599 dealer fee, $2.5 title fee)
MF - 0.00178

Monthly - $339.42 with taxes, $297 before taxes.

.00138 MF and 58% residual.

I get $314/mo.+tax with that CAP cost and the .00178 MF (marked up the max).
$286/mo. with the base MF.

Considering the huge incentives, they can do a lot better with a 30 month lease. Residuals are 6% higher, and those huge incentives are amortized over few pay,ments, making for a bigger monthly discount.

$50-$60 per month less on a 30 month term... I'm surprised the dealer didn't suggest it.

Also, a demo should have a residual reduction to account for the current mileage.

kxc2622 · June 2016

kyfdx said:

kxc2622 said:
Looking for some assistance on residual values and MF for June for one of my friends. I believe monthly is around $340 including taxes. This is for Kansas City, MO.

2015 fully loaded i3
36 months / 10k

MSRP - 55345
Dealer Discount - $8500 (dealer loaner car)
Dealer has passed on the $7500 lease credit and $2k build out allowance
Adjusted cap cost - $38871 (base cost = $37345 + $925 acquisition fee, $599 dealer fee, $2.5 title fee)
MF - 0.00178

Monthly - $339.42 with taxes, $297 before taxes.
.00138 MF and 58% residual.

I get $314/mo.+tax with that CAP cost and the .00178 MF (marked up the max).
$286/mo. with the base MF.

Considering the huge incentives, they can do a lot better with a 30 month lease. Residuals are 6% higher, and those huge incentives are amortized over few pay,ments, making for a bigger monthly discount.

$50-$60 per month less on a 30 month term... I'm surprised the dealer didn't suggest it.

Also, a demo should have a residual reduction to account for the current mileage.

There is about 5k miles on the car. How much should we expect in residual reduction?
Also, I believe BMW allows 7 MSD too? Would you know if we can do MSD on the i3?

Thanks!

kyfdx · June 2016

kxc2622 said:

kyfdx said:

kxc2622 said:
Looking for some assistance on residual values and MF for June for one of my friends. I believe monthly is around $340 including taxes. This is for Kansas City, MO.

2015 fully loaded i3
36 months / 10k

MSRP - 55345
Dealer Discount - $8500 (dealer loaner car)
Dealer has passed on the $7500 lease credit and $2k build out allowance
Adjusted cap cost - $38871 (base cost = $37345 + $925 acquisition fee, $599 dealer fee, $2.5 title fee)
MF - 0.00178

Monthly - $339.42 with taxes, $297 before taxes.
.00138 MF and 58% residual.

I get $314/mo.+tax with that CAP cost and the .00178 MF (marked up the max).
$286/mo. with the base MF.

Considering the huge incentives, they can do a lot better with a 30 month lease. Residuals are 6% higher, and those huge incentives are amortized over few pay,ments, making for a bigger monthly discount.

$50-$60 per month less on a 30 month term... I'm surprised the dealer didn't suggest it.

Also, a demo should have a residual reduction to account for the current mileage.

There is about 5k miles on the car. How much should we expect in residual reduction?
Also, I believe BMW allows 7 MSD too? Would you know if we can do MSD on the i3?

Thanks!

Somewhere around $0.25/mile, so $1250 reduction.

Yes, you can do MSDs. That would lower the money factor by .00049 if you did the maximum of seven.

I'd look at the 30 month term.

kxc2622 · June 2016

We took the car with 30 months. Didn't do MSD, but got it down to aronud $250 per month. Not too bad!

Michaell · June 2016

kxc2622 said:
We took the car with 30 months. Didn't do MSD, but got it down to aronud $250 per month. Not too bad!

Congrats! Enjoy the new i3

2015 BMW i3 lease deal / MSRP ?

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