2019 BMW i3 w/ tech package – $287 mo lease or buy for $28,000?

Ask the Hackrs
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2019, BMW, i3 BEV, Giga:

I put my deposit down on new build 2019 i3 BEV Giga w/ tech package, heat pump, harmon kardon. I’m posting to keep data fresh on here and I’m looking for feedback if I should lease or buy. What would ya’ll do, a $287 mo/ lease or buy for $28,000 out the door.

3 year old i3 BEVs are going for $18-21k (being fair). So I’m out ~$10k unless these things depreciate even more. I would probably want to keep the car longer than 3 years but not that committed.

Lease Numbers
Best guesses, numbers will change when I close.
Leasehackr calculator

MSRP: $50,545
Selling Price: $46,295 (~8.4% off)
Monthly Payment: $287
Cash Due at Signing: $4,399 (getting $2500 back from Texas so throwing that into DAS)
MSD: 0
Incentives: $1,000 OL code, $7500 lease credit, $1500 loyalty
Post-Sale Rebate: $2500 Texas rebate

Months: 36
Annual Mileage: 10k
MF: 0.00177 (a guess as this is going to change in May when I close)
Residual: 58%

Region: Central Texas
Leasehackr Score: 15.4

If I Buy
MSRP: $50,545
Selling Price: $46,295 (~8.4% off)
Dealer discount: $4250
Incentives: $1,000 OL code, $10,000 USAA Cash Back
Dealer doc: $150
Non tax fees: $275.00
*Taxes: $2,200
Net Price: ~$38,000
Rebates post-sale: $7,500 Fed EV credit, $2,500 Texas Rebate
Final Price: $28,000

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If that USAA $10k is legit, you need to buy that thing and sell it in 3 years. Makes no sense to lease it when you can drive it for free for 3 years.

I’ll bet those post sale rebates only require you to keep the vehicle for a year, so I’d buy it and sell it in 12 months for a profit.

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@dukez It’s legit. I may lose the OL Code (Spring Driving Event) if I don’t close end of May. Great point that getting into a lease locks me in for 3 years, where I can sell the car before that if I buy with minimal loss or a profit.

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Yep. Use that equity for something else in 1-3 years but close on it ASAP. You’ll get tired of the i3 after a year anyway :laughing:

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ha ok glad I posted. Looks like I’m gonna buy it. It’s being built, production week in early April. Will close it ASAP when I take delivery. Will post back when I close.

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Owner’s choice is probably better? You’d get $10k in lease incentives and can still get $10k in post sale rebates.

@andyecon Owner’s choice should work on the i3 too right?

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I would second that, though I know nothing about it

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hmm, there’s some weird disclaimer language on the USAA deal that I can’t go through BMWFS. I’m trying to see if that’s true. I wonder if that will eliminate the owner’s choice option.

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Owners choice would use the leasing incentives, not the USAA purchase incentive.

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I don’t see why they wouldn’t do an owner’s choice, but would need to do it quickly because TCEQ is down to 70 remaining!

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Dang. 70 left !?! may be out of luck on that then. Can’t title and register a car being built in Germany. I’ll ping dealer see if we can do anything preemptively. doubtful.

Thanks everyone for the info so far!

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You can get it with an order, check the app!

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How set are you in a new build? There are new ones in Austin and Round Rock that you could buy tomorrow and get your application in right away!

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Thanks! Says reservation deadline is Feb 28, 2019 But I’m going to have them try anyway. I just wanted a 2019 BEV Giga with tech package. I’ve only put the $1k deposit down so far. Are there 2019s with tech package?

EDIT: I wasn’t set on a new build, just 2019 BEV (no rex) with tech package, and preferably giga.

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2019 has the new 42.2 kWh battery with decent range. So I took 2018s off the list. Tech package is a must for the active cruise control features.

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I don’t know much about i3’s, but here is one 2019 with tech at least.

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Gotcha, thanks for looking for me. I’ll see what dealer and TCEQ says tomorrow. I can go in person to TCEQ and drop off the forms :slight_smile: . and will be knocking for that rebate.

i3 deets.
Rex (range extender) is $4k extra retail
Tera (full leather) is another $800 retail
if they honored 8% off I’d still be paying $4200 more.

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That’s a horrible sell price.

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They essentially just put MSRP for the most part, would have to negotiate them down of course.

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@Wonks20 which one? my original post or the BMW of Austin link? I did my best and took what I thought was a decent deal, wouldn’t have said yes otherwise.