2023 BMW i4 eDrive40 lease transfer: $550 monthly payment (including $5,000 incentive), 14 mo left

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Year, Make, Model, and Trim: 2023 BMW i4 eDrive40
Location: Ellicott City, MD

MSRP: $63,480.00
Monthly payment (incl. tax): $907.00
Effective monthly payment (if incentive is provided): $550.00

Current mileage: 15,765
Maturity mileage: 22,505
Effective miles per month: 481
Maturity date: June 2, 2026

MSD due (if any): 0
Cash due (if any): 0
Incentive for new lessee (if any): $5,000.00

Financial institution: BMW Financial Services
Transfer fee: $500
Out-of-state transfer allowed (yes/no): yes, prefer local

Vehicle condition (accidents, tire wear, etc.), options, and other details:
Vehicle is in great condition. Kept in my garage. No smoking or pets. Interior is pristine. Comes with tinted windows and hard wiring for radar detector.
Driver Assistance Pro Package
Parking Assistance Package
Premium Package
Harman Kardon surround sound
Wireless Device charging

I have complimentary Electrify America charging sessions too, but I don’t know if it will transfer.
Open to purchasing some extra miles on top of the cash incentive to make a deal.

Photos:















Build sheet shown below:

Yikes. Did you roll any negative equity or is the high monthly due to MD taxes?

This is going to be a tough sell, even with the incentive you are providing.

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Since it’s a 2023, it was probably when it was a hot new thing, and not discounted.

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Taxes I think. I paid $0 out the door. I’m also not particularly savvy at this stuff so I probably didn’t get the best deal.

As for the miles, I agree. Which is why I said I’m open to buying additional miles to make the deal happen. It’s a short term commitment with only 16 months left. I’m hoping it’ll suit some people’s lifestyles. I got a new job with different commuting needs and picked up a BMW iX, so I’d like to switch to a gas vehicle.

Thanks for the feedback!

Not sure how a $4,000 incentive spread out over ~18 months works out to $657

Thanks for asking. With 16 remaining payments, $4,000/16=$250 per month. $907-$250=$657. Hope that clarifies.

How much do they charge per mile?

23 cents per mile (see screenshot below). If you’re interested in the lease, we can work something out on top of my current incentive and/or adjust the cash/mileage split.

Updated with new mileage and effective monthly payment. This car is currently parked and I won’t be adding any miles to it. The deal will get better as time goes on, and I’m open to negotiation over the incentive and miles. Cheers!

Updated with increased incentive to $5,000!