2019 BMW i3 Lease Question

Ask the Hackrs
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1

I am currently negotiating for a new BMW i3. Here is where I am at with the dealership.

I have a few concerns:

  • I am eligible for a 3000 loyalty credit, 1000 OL code, and the 7500 fed credit. Why is it only displaying $10500 in Mnfg rebate and not $11500?

  • Currently the dealership is giving me a 9.5% reduction in MSRP, do you think I should be more aggressive? Do you think I can get it down a few percent?

  • Would it be more advantageous to take a 30 month lease (61% residual) vs the 36 month (58% residual)?

Please let me know what you think about this deal and how to better hack it.

Edit: Here is the calculator link

2

I’d push for more off MSRP. I was given a 11.6% discount right off the bat on my i3 last month. Did you give them your OL code to validate? Maybe they’re not including that in the discount?

3

OL code is included in the sales price and not listed as a separate incentive.

Plug both 30 and 36 deals into the calculator and see which comes out cheaper.

2 Likes
4

30 months might be cheaper. What’s the mileage allowance?

5

10k per year

6

Right but you also have to pay registration for 6 months (easily $350-400 in SoCal), what’s the strategy here?

7

try 12% off MSRP, not to hard to get it.

go for 30/10k, waive acq fee by markup MF

Would be much better:>

8

You need to to see a difference of ~$60/month by going 30 vs 36 assuming a ~$350 registration renewal in Year 3. Am I missing something?

9

Technically, you are only “wasting” half of the registration, not the full year.

10

True, so roughly $30/month assuming a $350 registration renewal.

11

Why a 30 when a 24 is even cheaper?

12

need minimum 30mo to qualify for CVRP in CA

2 Likes
13

How much for 24 months?

14

Good info. You Kalifornians and your massive rebates!!!

15

Can someone provide RV for 24/10 on the i3 rex Sport

16

same as everywhere else - .00128 MF and 64% residual I believe

1 Like
17

6% higher RV than 36 months, so 64%.

1 Like
18

Thank you Jon

19

What’s the consensus? Is 30/10k better than 36/10k in socal?

20

I re-negotiated and this is the new calculator:

MSRP: $50945
Selling Price: $44832 (12% discount - the OL code is factored into the selling price)
Taxed Incentives : $10500 (3k loyalty, 7500k fed tax credit)
Max MSD

Outside of the calculator is:
~$550 cash back by using the BMW credit card for drive off
$3500 of California rebates ($2500 CVRP, $1000 SCE)