2020 BMW i3 BEV lease $266/mth with 0 drive off

Signed Deals & Tips
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1

So I am signing for this lease tomorrow.
Thought to share this with the community.

MSRP: $45,595
Monthly Payment: $266
Drive-Off Amount: $0
Months: 36
Annual Mileage: 10k
MF: 0.00099
Residual: 58%
Incentives: $7.5k (EV) + $3k (loyalty)
Region: Midwest
Leasehackr Score: 15.1 years
Leasehackr Calculator Link: leasehackr.com/calculator?make=BMW&miles=10000&msd=0&msrp=45595&sales_price=41765&months=36&mf=0.00099&dp=0&dealer_fee=200&acq_fee=925&taxed_inc=10500&untaxed_inc=0&rebate=0&resP=58&reg_fee=100&sales_tax=6&demo_mileage=0&memo=&zero_driveoff=true&monthlyTax_radio=true

4 Likes
2

$1750 MSD saves you $794.

3

The lease deals on this car are great, not crazy about the styling, but if could grab that ride for $266 I Definitely would. But I wouldn’t get loyalty. So $350+

4

I3 leases better for 24 month term then 36, unless you are getting some govt rebates by going 36

5

Yeah, not worth $350+/mo IMO, especially since the 2021/22 model is rumored to have a bigger battery.

8

Yes. I didn’t have 1750 cash lying around else I would.
The return on that 1750 is almost 15% per year.

9

You can buy a very old BMW under $2k. Then you get the loyalty discount. Sell the old bimmer even if your cost is $300 for the whole transact it’s very good think of.

10

What are typical discounts on these cars? I just got quoted 5% off at McKenna BMW here in SoCal.

I think 10-12% off is my target. Am I wrong?

11

:sparkles: inventory shortages :sparkles:

12

As a former Porsche sales ambassador, if I have 5 in stock, that’s not a shortage!

I mean yes hold gross, but it’s an i3. Hold gross on a 7 series.

Hahah.

What discounts are people seeing?

13

Go talk to @legendsauto - they just posted one i3, good luck!

September California BMW 🔌 ~ Check Our Spread for 3/4/5/7/8/X1/X2/X3/X5 ~ Legends Auto Group (DEMO'S TOO)

1 Like
14

invoice is 6%
anything above means the dealers sells at loss so i think at most target 10%. i only managed 8.4%.
And you have to make sure that the dealer doesnt mark up on MF because some dealers do it. in my case no markup.

Cast the net wide till you find a dealer that’s willing to play ball because they’d have to get some tier incentive to cover the loss.