2017 BMW i3 REX lease advice

Ask the Hackrs
1

I’m looking at leasing a 2017 BMW i3 Rex. This is what they gave me, and I don’t know if it’s a good deal or not.

The monthly payment is OK, but the down payment is a lot more than I wanted to pay. This is in GA, and the monthly payment listed below in includes GA tax. Any advice all you experts can give me? Thanks in advance.

MSRP: 55,695.00
Discount: 6,925.00
Sale Price: 48,770.00

Monthly Payment: $ 358 - 368
Term: 24 mos.

Milage Program: 10,000

Security Deposit: 400.00
Advanced Payments: 358.84
Upfront Charges: 1,458.75
Total Cap Reduction: 9,496.41
Due on Delivery: $ 4,214.00

2

What incentives were applied? What’s the MF? Did the dealer mention why there’s a security deposit? Is there a breakdown of the fees?

3

They don’t list a MF value on the quote he gave me. Other than what I provided, there’s no other breakdown besides this:

Customer Cash: 4,214.00
Total Rebates: 7,500.00
Total Cash and Rebates: 11,714.00

4

You’re going to need more information. The numbers you provided don’t equal a $358/Month payment. Also, it looks like there should be $2,000 in bonus cash available.

The dealer is up to something or there’s some other situation going on that hasn’t been explained.

5

I will ask him for more info tomorrow, and also ask about the bonus cash.

The $358 is with tax.
Base Monthly Payment $335.36
Tax: $23.48
Monthly Payment: $358 - 368

But this is all the info he gave me.

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6

Something does not add up.
Find out the residual value + money factor.
Your’ payments should be under $300

Only $7500 rebate is being applied.
$4214 you need to pay.

There should be other rebates available.
Do not put $4000 out of pocket for this vehicle.

7

Maybe he is thinking the monthly is so low compared to the recent past in GA, that he can ask for some more upfront. :wink: Last month under the old taxing scheme, tax would have been ~$120/mth instead of the more reasonable $23.48.