Considering leasing a used CPO 2025 BMW i4

Ask the Hackrs Buy/Finance
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1

Hello Hackrs. Thanks in advance. This forum and site has helped me begin to develop some real confidence in undergoing this process. This would be my first lease.

I’m in Southern California and considering a lease purchase agreement with a BMW dealership for a 2025 BMW i4 certified pre-owned with less than 3K miles. Apparently it is not a loaner car. I have a couple of questions and would welcome any additional advise.

  1. Calculating Residual Value. I suppose the Edmunds calculator makes it easy because it asks for the MSRP and I can put in the original MSRP new sales price?

  2. Identifying MF for used vehicles. And what is the appropriate MF for a certified pre-owned? Would it be the 0.0008 for new BMW i4s. Or the much higher MF of 0.001666 (basing it off BMW published 3.99% APR for up to 60 months on 2022-2024 CPOs)?

  3. EV Incentives. And I’m not really clear on whether the EV incentives would apply, because I’m not clear on the rule. The car is over $25,000, and I think I understand the rule to be that cars over 25,000 miles will qualify if there has not been an owner - if the car was a dealer loaner/demo car. Is that right? Since this one appears to have had an owner it would not qualify, right?

Thanks again

2

I am looking at doing something similar. What was your experience? Also can you stack the BMW corporate rate discount?

3

Not worth it.

At least with the BMW BEV lineup, New (and most loaner/demo) programs are heavily subsidized as an incentive to the first titled owner or lessee. There are sometimes special rates for financing a CPO which may work out well if you pick a car with plenty of time on the warranty clock left and need lots of miles.

4

Even at 0% I would never buy an EV. The depreciation is going to be brutal.