One point more to 64% but with such low numbers 1 point is a difference of 20/mth and $480 odd over the life of the lease.
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thanks
Will try to replicate
I guess price would be $83 extra per month if don’t qualify for BMW loyalty
That is a great lease. Can you clarify what the $7500 iCredit and $1000 Buildout Cash? Is this regional? Thanks.
The Federal tax rebate for electric car is $7500 which BMW passes back to customer as a credit which is a national offer.
The build out cash can be local to NY tri state area but all the dealers I asked it from were ready to give it. Just ask for it from your local area dealers and if all of them say no you get the answer.
could you have used the bmw drive event coupon for $1000? that would have made it $300 one pay? haha
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Like someone mentioned if all the rebates and coupons are applied BMW will have to pay us to drive.
However please understand that the lease cannot process unless the Cap cost is more than residual. You cannot apply all available rebates and expect to have the Cap cost way under residual and expect to get the car.
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But if ever there was a time to load up on wheel and tire, wear and tear, etc. this would be it. Sign up for all those to offset the rebates and then either keep them because they were free or try and drop them later and have them refunded (Not sure if BMW does that).
That’s a good idea or get a more expensive build. Hmmm I may have to make some calls tomorrow to get one. It’s too good of a deal to pass up with all the rebates.
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I fought to get a similar deal. They gave me 11.5% off of MSRP, same rebates (give or take a tiny bit), and I came out to $325/month. Can’t figure it out yet! Lol
Post detailed numbers here and we can work out where the discrepancy is. Mist likely higher MSRP vehicle or 36 mth lease instead of 24. As @HN308 has stated 24 months is the sweet spot because of the high incentive amount being residualize over fewer months. If you are in CA, you would have to weigh the difference in 24 mth without CA rebates vs. 36 months with.
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24 months
$0 drive off
10k miles
$54,9xx MSRP
11.5% discount
$11k in rebates
9.5% CA sales tax
One pay is $7,818
$325/month
See the issues below compared to my deal.
- Your MSRP is 5K more compared to mine.
- My discount is 13.6% so 2 points more which adds $1000 in cap cost.
- My tax rate is Zero. Yours is 9.5% on 11K rebates itself $1045.
- You pay tax also on the depreciation which should be another grand or so. Didn’t reverse engineer it so don’t quote me on it.
- You have 2K less in rebates.
You add all of those up and the difference between our 2 deals of $6,500 should add up.
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OP’s right, the difference in MSRP and the tax probably account for most of the difference. Keep in mind, the amount of the rebates is the same regardless of the MSRP, so the impact of even a small increase in MSRP could have a big difference.
Might be worthwhile to look into a 36 months lease, this way you’ll be eligible for the $2,500 CVRP rebate (assuming you make less than $300,000). Or, if your income is low enough, you can get up to $4,500. Don’t forget the 450 kicker from SC Edison too.
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Thanks guys! Seems about right. I’ll try for 36 and see what he comes back with.
Came out to $370/Mo tax in.
Incredible. 20202020
If to stack Ski event 1000$ code, that it should come to 300 one pay :)))
Where are you seeing the $2000 Loyalty and Lease Cash? My dealer says there is only lease cash.
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