BMW cpo site / car guru / Auto trader / etc look for used current year model cars for sale with less than 5000 miles, most if not all the results will be loaners and demos.
Also individual dealers will list the loaners and demos on their website usually in separate section dedicated for loaners and demos.
Nice! my local BMW offer me 12% off MSRP, 58% residual value, and 0.00168 MF for 36months, lease listed as $283 after $1800 down which i have no clue how they get the number… need to search for other dealership that can offer good deal like yours!
They inflated the MF and sounds like gave you the 36/12 term.
Need to request a base MF and a 24/10. If you don’t qualify for the incentives then the deal won’t come close to this, but sounds like you are in the ballpark given they already offered 12% off.
All about knowing what incentives you qualify for, starting with the highest priced terms (36/15) to have a payment that looks “normal” to a dealer while whittling down the sale price. Then can come in and do a 24/10 with mad and acc fee waiver, etc to get a hack.
24/10K is good if you’re leasing a demo with a big discount. On a new car with a smaller discount, might be better to go with a 30/10K term, since that’s the minimum lease length that qualifies for CVRP.
24-month leases or demo cars do not qualify for CVRP, which is a $2,500 rebate for most folks.
I’m trying to figure out whether to do a 2 or 3-year lease since 2021 will likely be the last year of production for the i3 (I might want to order another at that point, assuming they’re able to fit a larger battery in it) and I’m concerned about when the tax credit will expire for BMW.
If their projections are right, they’ll probably sell 200k BEV’s in the U.S. at some point in 2022 (at the absolute latest, it’s possible they’ll hit that target in 2021) meaning the tax credit will only be available for a few months after that.
A two-year lease will be cheaper with the incentives available today but I’m considering doing a factory order so I don’t mind paying a little more to hold onto it longer and hopefully not have to go through this process again for three years.
They did confirm it will be around for a few more years, but the company had announced they won’t be making any more significant changes to it so it’s probably still reaching EOP in 2021.
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